243: “How I Built 7-Figures of Wealth on a Working-Class Salary” with Joe “JD” Martin
Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job.
As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode!
In This Episode We Cover:
- Losing six figures on the first deal
- The number one problem of that failed deal
- How Joe got back into investing again and the strategy he chose
- The details on his first rehab
- Landlords who hate being landlords
- How the quality of tenants matter
- The importance of knowing who you want to rent to
- Having a day job while investing
- A Simple investing strategy
- How he finances his properties
- What is Cashflow Recycling?
- The freedom to do what you love to do
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Pro Replay
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Brandon’s Twitter Profile
- Josh’s Twitter Profile
- BiggerPockets Calculators and Analysis Tools
- Zillow
- Trulia
- Realtor
Books Mentioned in this Show
- Real Estate Investing For Dummies by Eric Tyson & Robert S. Griswold
- Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford
- The $100 Startup by Chis Guillebeau
- The Millionaire Next Door by Thomas J. Stanley & William D. Danko
- The 4-Hour Workweek by Timothy Ferriss
Fire Round Questions
- Can I get started in real estate with $20k… and how?
- What’s your best advice for tenant screening?
- Electric vs Natural Gas Range/oven for tenants
- Tenant’s dog bit me on the leg
Tweetable Topics:
- “A great place to live may not be a great place to sell to make some money.” (Tweet This!)
- “There’s no one path that works for everyone.” (Tweet This!)
- “You’re really just competing against yourself. There’s no competition.” (Tweet This!)
Connect with Joe
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