BiggerPockets Real Estate Podcast

BiggerPockets Podcast 123: Overcoming an Ugly Past to Become a Cash Flow King with Justin Escajeda

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Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideas to help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

In This Episode We Cover:

BiggerPockets-Podcast-Cover 300 300

  • How Justin got started in real estate investing
  • The hard past he had to overcome
  • His first screening experience with his duplex
  • How he landed his first deal, a duplex in a low income neighborhood
  • How he found his real estate partnership
  • A discussion on seller financing
  • The ins and outs of self storage
  • Some of the downsides of self storage
  • One tip for a storage unit operator
  • Justin’s opinion on mobile homes
  • His plans for the future
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!)
  • “I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!)
  • “It’s very difficult to do things the correct way, by the book.” (Tweet This!)

Connect with Justin

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo...
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    Pyrrha Rivers Investor from Yokosuka, Japan
    Replied over 5 years ago
    Justin, Your story is amazing and inspiring! I thank you for being so open. Your tale will be a source of healing for someone. You may never know but just because you were brave enough to put it all out there. Someone WILL imitate you and regain control of their life. Good job!
    Justin Escajeda Contractor from Pittsburgh, Pennsylvania
    Replied over 5 years ago
    Thanks! Hope it helped someone!
    Sohrab Khosravi Lender from Houston, Texas
    Replied over 5 years ago
    Justin, Thank you for the great podcast.
    Justin Escajeda Contractor from Pittsburgh, Pennsylvania
    Replied over 5 years ago
    yea man thanks! I am glad you got something from it.
    Mark Gruetzmacher Investor from Box Elder, South Dakota
    Replied over 5 years ago
    Justin, Great Podcast. Goes to show anyone can achieve anything if they put their mind to it. One question, how did you go about find a Mortgage Loan Originator? Did you call around and what did you ask them? What costs are added for that service? Thanks again for the great podcast.
    Justin Escajeda Contractor from Pittsburgh, Pennsylvania
    Replied over 5 years ago
    Called and called and called, finally found a guy who was willing to do it. Yes, there are fees associated with him preparing each note. Sucks, but oh well.
    Rob Bleecher Investor from Lancaster, Pennsylvania
    Replied over 5 years ago
    Justin, Inspiring story! Thank you for sharing it.
    David Hamer Real Estate Investor from pittsburgh, PA
    Replied over 5 years ago
    Great show Justin! Your a great guy. You are very easy to talk to and quick to lend advice. I loved the way you described how to achieve your goals. Write it down and then move toward them “Inches”. Can’t wait to partner up on some deals.
    Justin Escajeda Contractor from Pittsburgh, Pennsylvania
    Replied over 5 years ago
    Thanks David, hopefully we put something together someday. Good luck on your DCRK deal!
    Daniel Zamora Investor from Cleveland, Georgia
    Replied over 5 years ago
    Justin great show I am new here and new to real estate investing I am an over the road truck driver and am ready for a change. why do you think writing your goals down on paper will help a person as opposed to not writing them down? Do you have a particular affirmation you use daily? take care hope to hear from you … Daniel
    Beth Montes Investor from Sedalia, MO
    Replied over 5 years ago
    Inspiring podcast! Justin, thanks for taking the time to give us your history, and your path to success.
    Oscar Navarro Real Estate Agent from Chula Vista, California
    Replied over 5 years ago
    Justin, Great podcast, thanks for sharing. I owned a masonry business before and being around construction in general is definitely a bonus for me when I’m looking at properties and projects.
    Mohit Madaan Investor from Stockton, CA
    Replied over 5 years ago
    Justin, i know you have heard this before but i am going to say it again. Great Job on recovery and building a successful business. I wish you good luck and i hope you continue to grow. Would love to meet you if you ever make to Stockton, CA or India.
    Walter W. Investor from Seattle, Washington
    Replied over 5 years ago
    Awesome story! Very inspiring. Congrats on all of your success.
    Russell Ponce Investor from Santa Rosa, California
    Replied over 5 years ago
    Great show, really enjoyed this one. Can you sell owner finance something that you are buying owner finance? Just curious, thanks!
    Jason Mittenzwey from Homestead, Pennsylvania
    Replied over 5 years ago
    Thank you for an excellent down to earth podcast. Your story was inspiring and your businesses unique to the podcast. Congratulations on all of your success. It was also great to hear from a fellow Pittsburgher. Not sure where exactly you are in the Burgh but would love to meet up with you and discuss real estate. Thank you again for helping further inspire a newbie to keep working toward his real estate goals!
    Sunny Suh Real Estate Investor from New York, New York
    Replied over 5 years ago
    Justin, great podcast. But I sense there was a breaking point that woke you up and changed your lifestyle. Wish I knew more about the catalyst that had you change for the better, not easy for someone to chamge their habit but overall I am grateful for you sharing. Curious how you were able to learn about the real estate clubs and FHA.
    Mario Mormile Investor/ Real Estate Agent from Burton, Ohio
    Replied over 5 years ago
    Justin- An amazing podcast indeed! When we make a decision to change, everything changes! Thank you for inspiring me and so many others!
    Jenny Gundersen Realtor from Sandy, Utah
    Replied over 5 years ago
    Justin, I really enjoyed your story! Thank you for sharing.
    Erika Carter Residential Real Estate Broker from Chicago, IL
    Replied over 5 years ago
    Great and inspiring podcast!
    Darren Sager Investor from Summit, NJ
    Replied about 5 years ago
    Very touching Podcast Justin. It struck me hard when you mentioned about walking down the train tracks with your belongings in hand. And if you could overcome that situation there’s nothing you can’t do. I’m VERY happy to hear of your success. You’re right you do deserve it. Keep at it. Don’t stop. Glad you’re on the right path now and doing things the right way. I wish you continued success out in Steeltown!
    William Gillette Investor from Spokane, Washington
    Replied about 5 years ago
    Inspiring show nice to see you can come from nothing to a thriving biz.
    Don Spafford Investor from Idaho Falls, ID
    Replied about 3 years ago
    Cool story. Awesome comeback.