In E021, Adam J.D. Martin discusses his journey in real estate so far at the ripe young age of 25. Adam started investing at 24 years old with a large student loan and almost no income after having quit his job. Adam trusted the process, and his mentor, Matt McKeever, and decided to go all in on his strategy. In this episode Adam discusses how he started ‘wholesaling’ properties by papering neighbourhoods with ‘yellow letters’. Adam would find willing sellers, assign the contracts and make money by charging the end buyer a fee. He was able to do all of this because of a strong sphere of influence with his community and with his mentor. I really love Adam’s story because its a testament to the fact that none of us really have an excuse to not take action.
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Listen on iTunes, Google, Spotify and more at https://linktr.ee/theandrewhines
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instagram: https://www.instagram.com/theandrewhines
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Connect with Adam Martin on
instagram: https://www.instagram.com/adamjdmartin
Greater Hamilton REI Meetup Group: https://bit.ly/2VSSc9i
Specific Discussion Points in this episode:
- how to creatively negotiate deals with willing sellers by thinking out of the box
- how to arrange a vendor take-back mortgage (VTB) AKA seller financing
- why sellers are willing to sell privately
- how to create a house hacking positive cash flow investment
- the cash flow of Adam’s first buy and how he was able to improve it further
- mindset of an investor and how to minimize your cost of living
- Adam’s multifamily purchase with his joint venture partner
Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
