American investor and expert in real estate Brandon Turner revealed four mistakes he made at the beginning of his investing career, warning against them to ensure success in real estate investing.

Turner, who today manages $1 billion in real estate, including 13,000 different units, spoke in a post on his X (formerly Twitter) account. <Turner, who today manages an estimated $1 billion in real estate across more than 13,000 different units, talked about the mistakes he made in a post on his X (formerly Twitter) account as reported by CNN.

Mistakes to avoid:

Doing all the work yourself

Turner noted that his first mistake was insisting on doing all the work himself, including repairing the roof and foundation of the house, relying on himself and his wife.

He explained that he should have done all the work himself. <Instead, he explained, he should have learned how to build deals, how to write ads to buy houses, and hire quality people. “Focusing on high-value skills like deal-building is much better than getting caught up in work that can be done for pennies.”

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Selling real estate instead of holding it

Turner explained that selling houses was a big mistake, noting that each house he sold is now worth two or three times what he sold it for. He commented: "Wealth is built by owning real estate for the long term, not selling it quickly."

Ignore lenders" advice:

<Ignoring the advice of lenders was a costly mistake. One lender advised him not to sell a particular house due to the risks, but he ignored the advice and turned to another lender, costing him a financial loss of $15,000 and taking him 8 months to recover from the mistake.

Disregarding the advice of lenders was a costly mistake.

Working alone without the benefit of support networks:

<Turner added that starting to invest on his own without joining real estate groups or support networks was a big mistake, explaining that he made many mistakes that could have been avoided if he had participated in local real estate groups or clubs, saying: "Working individually led to a lot of mistakes."

Brandon Turner's bottom line:

Turner concludes his tips by emphasizing the importance of learning the most financially valuable skills, holding onto properties instead of selling them, listening to expert advice, and taking advantage of real estate support networks. These lessons learned from his early mistakes can be a guide for those who aspire to succeed in the real estate investing.

Real estate investing

Turner concludes by emphasizing the importance of learning valuable financial skills, holding rather than selling properties, listening to experts, and taking advantage of support networks.