Multifamily and Turn Key Investing with Eric Martel

Today we are joined by real estate entrepreneur, business owner, and author, Eric Martel. While seeking mentorship from a professor at his university, Eric began building his empire from the age of eighteen years old by purchasing an 8-unit apartment building as his first property. After graduation, in his position as an actuary, he was dismayed to see hundreds of company pension plans being rolled over into 401(k)s, shifting the retirement risk to employees. This made him reconsider traditional beliefs about saving for retirement. Eric worked in the technology field up until the dotcom crash when he began to focus on ways to create passive income to achieve financial freedom.

As usual, we start by having our guest share how they came to real estate investing. After testing out numerous markets, the idea of flipping houses came to Eric through one of his sons so, from that point on, their real estate investing ventures began. Eric shares a lot of the challenges of getting started in investing, going out of state to invest in turnkey rentals, and the strategies he uses to find houses to buy.

We talked quite a bit about building a strong team, working effectively with others, and Eric made several suggestions about tools to use when working with remote teams. Eric also shares the rewards and challenges of working with family members in running their company MartelTurnkey, which services investors by helping them acquire rental properties in strong economic markets across the country.

I wanted Eric to talk about his new book, Stop Trading Your Time for Money: A How-To Guide for the Middle Class to Achieve Financial Freedom, Early Retirement, and Provide a Legacy for Future Generations. Eric is passionate about teaching people that passive income is the key to a stress-free lifestyle and true freedom. He is also interested in helping people build a legacy for their own families by breaking through the barriers they may encounter in getting started in this business.

I asked Eric to talk about his podcast, Break Away from the Rat Race, which focuses on interviewing other entrepreneurs to find out how they are investing and generating passive income streams. Not only does he do shows where he answers specific investing and business-oriented questions, but he has also had the opportunity to host some excellent entrepreneurial guests! Be sure to check it out by following the link below.

If you are interested in being truly financially free and working toward the life you dream of, you will not want to miss this awesome episode of the Just Start Real Estate Podcast with successful real estate entrepreneur, Eric Martel!

Quotes:

“The key is taking action. It doesn’t mean you have to take risk but there’s only so much you can do pre-investment.”