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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:
Resources/Links:
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:
Connect with Dave Dubeau:
