{"id":91951,"date":"2017-09-07T00:02:33","date_gmt":"2017-09-07T06:02:33","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=91951"},"modified":"2023-04-14T00:45:01","modified_gmt":"2023-04-14T06:45:01","slug":"biggerpockets-podcast-243-how-built-7-figures-wealth-working-class-salary-joe-jd-martin","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-243-how-built-7-figures-wealth-working-class-salary-joe-jd-martin","title":{"rendered":"\u201cHow I Built 7-Figures of Wealth on a Working-Class Salary\u201d with Joe \u201cJD\u201d Martin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Let\u2019s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact &#8211; just a small handful of incredible deals can help build impressive wealth AND great income. That\u2019s the story you\u2019ll hear today as we speak with <strong>Joe \u201cJD\u201d Martin<\/strong>, a real estate investor who\u2019s building wealth while working his full-time job. As you\u2019ll hear, JD had a rough start to his investing, losing over $100,000 on his first \u201cdeal,\u201d 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 &#8211; don\u2019t miss a moment of this powerful episode! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC8409520592&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"&quot;How I Built 7-Figures of Wealth on a Working-Class Salary\u201d with Joe \u201cJD\u201d Martin |  BP Podcast 243\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Huhazzxl2_Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-74647 size-gallery-block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-214x140.png\" alt=\"freshlogo\" width=\"214\" height=\"140\" title=\"\">A huge thanks as well to our\u00a0sponsor <strong>FreshBooks<\/strong>.<br \/>\nFreshBooks customers spend less time on paperwork, freeing up <span class=\"tooltips\">2 days per month<\/span> to focus on the work they love. What would you do with that extra time?<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.freshbooks.com\/pages\/biggerpockets?ref=11568&amp;utm_source=bigger-pockets&amp;utm_medium=podcast&amp;utm_campaign=2015\" target=\"_blank\" rel=\"noopener noreferrer\">FreshBooks<\/a>.<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>Losing six figures on the first deal<\/li>\n<li>The number one problem of that failed deal<\/li>\n<li>How Joe got back into investing again and the strategy he chose<\/li>\n<li>The details on his first rehab<\/li>\n<li><strong>Landlords<\/strong> who hate being landlords<\/li>\n<li>How the quality of tenants matter<\/li>\n<li>The importance of <strong>knowing who you want to rent to<\/strong><\/li>\n<li>Having a <strong>day job while investing<\/strong><\/li>\n<li>A <strong>Simple investing strategy<\/strong><\/li>\n<li>How he finances his properties<\/li>\n<li>What is <strong>Cashflow Recycling?<\/strong><\/li>\n<li>The freedom to do what you love to do<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/proreplay\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Pro Replay<\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/jrdorkin\/\" target=\"_blank\" rel=\"noopener noreferrer\">Josh&#8217;s Instagram Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/beardybrandon\/\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s Instagram Profile<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/brandonatbp\/\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s Twitter Profile<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/jrdorkin\/\" target=\"_blank\" rel=\"noopener noreferrer\">Josh&#8217;s Twitter Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/analysis\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Calculators and Analysis Tools<\/a><\/li>\n<li><a href=\"https:\/\/www.zillow.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zillow<\/a><\/li>\n<li><a href=\"https:\/\/www.trulia.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trulia<\/a><\/li>\n<li><a href=\"http:\/\/www.realtor.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Realtor<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><em><a href=\"http:\/\/amzn.to\/2wGZ0GR\" target=\"_blank\" rel=\"noopener noreferrer\">Real Estate Investing For Dummies<\/a>\u00a0<\/em>by Eric Tyson &amp; Robert S. Griswold<\/li>\n<li><a href=\"http:\/\/amzn.to\/2gNmYN7\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Your Money or Your Life<\/em><\/a> by Vicki Robbin,\u00a0Joe Dominguez, &amp; Monique Tilford<\/li>\n<li><a href=\"http:\/\/amzn.to\/2wH0C3n\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The $100 Startup<\/em><\/a> by Chis Guillebeau<\/li>\n<li><a href=\"http:\/\/amzn.to\/2wGEtnN\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Next Door<\/em><\/a>\u00a0by Thomas J. Stanley &amp; William D. Danko<\/li>\n<li><a href=\"http:\/\/amzn.to\/2w7AtJ7\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The 4-Hour Workweek<\/em><\/a> by Timothy Ferriss<\/li>\n<\/ul>\n<h2>Fire Round Questions<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/55\/topics\/480070-can-i-get-started-in-real-estate-with-20k\" target=\"_blank\" rel=\"noopener noreferrer\">Can I get started in real estate with $20k\u2026 and how? <\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/482434-any-advice-for-tenant-screening\" target=\"_blank\" rel=\"noopener noreferrer\">What\u2019s your best advice for tenant screening?<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/482570-electric-vs-natural-gas-range-oven-for-tenants\" target=\"_blank\" rel=\"noopener noreferrer\">Electric vs Natural Gas Range\/oven for tenants<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/481933-tenants-dog-bit-me-on-the-leg\" target=\"_blank\" rel=\"noopener noreferrer\">Tenant&#8217;s dog bit me on the leg<\/a><\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>\u201cA great place to live may not be a great place to sell to make some money.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CA%20great%20place%20to%20live%20may%20not%20be%20a%20great%20place%20to%20sell%20to%20make%20some%20money.%E2%80%9D%20BP%20Podcast%20243%20%40biggerpockets%20biggerpockets.com\/show243\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>\u201cThere\u2019s no one path that works for everyone.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CThere%E2%80%99s%20no%20one%20path%20that%20works%20for%20everyone.%E2%80%9D%20BP%20Podcast%20243%20%40biggerpockets%20biggerpockets.com\/show243\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>\u201cYou\u2019re really just competing against yourself. There\u2019s no competition.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CYou%E2%80%99re%20really%20just%20competing%20against%20yourself.%20There%E2%80%99s%20no%20competition.%E2%80%9D%20BP%20Podcast%20243%20%40biggerpockets%20biggerpockets.com\/show243\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with Joe<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/JdM3\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.bizbrainstormers.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s Personal Website<\/a><\/li>\n<li><a href=\"http:\/\/www.rhythmbrewers.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s Band<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact &#8211; just a small handful of incredible deals can help build impressive wealth AND [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":117998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-91951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/91951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=91951"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/91951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/117998"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=91951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=91951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=91951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}