Tackling Turnkey Properties with Eric Martel

Business in its infancy is never easy, especially when you don't have a good amount of capital.

But you can always overcome those struggles like our guest today who bought his first property with no money, only armed with a financing strategy.

Eric Martel is an Entrepreneur, Author, Public Speaker, Real Estate Investor, and Founder of MartelTurnkey.

In this episode, Eric shares how he started and got interested in investing in real estate by learning from someone he considers his mentor and by buying his first property without shelling cash. Later, he delves into turnkey rentals turning this business into a family legacy.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

• Find out financing strategies for your deals even with no capital funds.
• Hear about how to create a legacy business for your family.
• Learn about an investment strategy with reduced risks from the investors' perspective.

Resources/Links:

• Get Eric Martel's book 'Stop Trading Your Time for Money. Click here: https://marteleric.com/book/

Topics Covered:

00:48 - Eric sharing his real estate journey

01:22 - What is Actuarial Mathematics?

01:59 - Finding mentors and starting real estate investing from there

03:15 - Financing strategies you can do

04:17 - The issues surrounding vendor take backs

06:08 - Taking control over your own money

06:59 - Getting started in out-of-state rentals

09:15 - How the Martel Turnkey started

11:27 - Markets for his turnkey rentals and the selling price

12:28 - Monthly net cash flows for these turnkey rentals

13:39 - Why is he focusing on selling turnkey rentals rather than holding them off for the long-term?

Key Takeaways:

"There are all kinds of different ways to bring money into the equation through a joint venture through all kinds of different things." - Eric Martel

"I'm in a unique position that most people are not. I have two adult children, and they are in the business with me. I have my legacy and my kids are going to take this over. So, they're building something bigger." - Eric Martel

Connect with Eric Martel:

• Website: https://marteleric.com/
• Facebook: https://www.facebook.com/eric.martel.ca
• Twitter: https://twitter.com/e_martel

Connect with Dave Dubeau:

• Podcast: http://www.propertyprofitspodcast.com/
• Website: https://davedubeau.com/home
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/
• Facebook: https://www.facebook.com/thedavedubeau
• LinkedIn: http://linkedin.com/in/davedubeau