How to Get Started with Real Estate with Mike Turner - 209
Manage episode 523729480 series 3520760
In this week’s episode of Money Talk, I sat down with Mike Turner, a real estate entrepreneur, author, and educator with over 20 years of experience building wealth through real estate. Mike brings a fresh, practical take on how to get started without betting the farm, the mistakes to avoid, and why he now focuses on manufactured homes and partnership-based investing to create real passive income streams.
Whether you’re just curious about real estate or ready to take your first step, this episode will help you see investing in a new light. We break down REITs versus direct investing, why debt can be so risky, and how to start building income streams that aren’t tied to your time.
💰 This Week's Money Talking Points:
- What excites you about real estate investing?
- Why does real estate seem so daunting?
- How does real estate impact someone’s wealth
🔗 Resources & Mentions:
- Mike Turner Life: Learn more about Mike’s work, resources, and free investment club at https://miketurnerlife.com
- Financial Planning for Young Adults: My new podcast to help young adults start their financial journey—linked in the show notes
⏱ Time Stamps:
[04:05] The excitement of building income streams and financial freedom
[08:00] Why real estate feels so risky—and the dangers of leverage
[13:30] REITs vs. direct real estate investing: where to start
[16:11] Mike’s low-risk strategy: affordable housing and manufactured homes
[21:10] Partnering instead of borrowing to remove risk
[28:00] The importance of networking and finding mentors in real estate
[33:10] Common mistakes new investors make and how to avoid them
[36:17] Mike’s biggest lesson: building income not tied to your time
Check out Financial Planning for Young Adults on Spotify
Schedule a free Money Talk at https://moneytalk.show/chat
Get your free Money Talk resources at https://moneytalk.show/resources
Find even more Money Talk at moneytalk.show/quick-links
"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
Want to be a guest on Money Talk? Send Skyler Fleming a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1636686037273x290834786321762400
221 episodes