cover of episode 243: “How I Built 7-Figures of Wealth on a Working-Class Salary” with Joe “JD” Martin

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

Publish Date: 2017/9/7
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>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 <strong>Joe “JD” Martin</strong>, a real estate investor who’s building wealth while working his full-time job. </p><p>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!</p><p>In This Episode We Cover:</p><ul>
  • 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

    Books Mentioned in this Show

    Fire Round Questions

    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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