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

• Joe’s BiggerPockets Profile
• Joe’s Personal Website
• Joe’s Band

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