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 dealThe number one problem of that failed dealHow Joe got back into investing again and the strategy he choseThe details on his first rehabLandlords who hate being landlordsHow the quality of tenants matterThe importance of knowing who you want to rent toHaving a day job while investingA Simple investing strategyHow he finances his propertiesWhat is Cashflow Recycling?The freedom to do what you love to doAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Pro ReplayJosh’s Instagram ProfileBrandon’s Instagram ProfileBrandon’s Twitter ProfileJosh’s Twitter ProfileBiggerPockets Calculators and Analysis ToolsZillowTruliaRealtorBooks Mentioned in this ShowReal Estate Investing For Dummies by Eric Tyson & Robert S. GriswoldYour Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique TilfordThe $100 Startup by Chis GuillebeauThe Millionaire Next Door by Thomas J. Stanley & William D. DankoThe 4-Hour Workweek by Timothy FerrissFire Round QuestionsCan 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 tenantsTenant’s dog bit me on the legTweetable 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 JoeJoe’s BiggerPockets ProfileJoe’s Personal WebsiteJoe’s Band

Episode 243 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "243: “How I Built 7-Figures of Wealth on a Working-Class Salary” with Joe “JD” Martin" was published on September 7, 2017 and runs 68 minutes.

September 7, 2017 ·68m · BiggerPockets Real Estate Podcast

Summary

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 Joe’s BiggerPockets Profile Joe’s Personal Website Joe’s Band Learn more about your ad choices. Visit megaphone.fm/adchoices

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