243: “How I Built 7-Figures of Wealth on a Working-Class Salary” with Joe “JD” Martin | Bigger Pockets Podcast
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
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