In this episode of the Cashflow Fight Club podcast, we’re joined by Joe Meares, a former Wall Street professional turned real estate investor and mentor. Joe shares how a disappointing bonus at his finance job sparked a journey into real estate investing, leading him to create a thriving portfolio of rental properties.

We dive into Joe’s practical approach to building wealth through real estate while maintaining a full-time job. From leveraging the BRRRR strategy to scaling up to multifamily and creative financing, Joe outlines actionable tips for anyone looking to break into real estate.

Joe also discusses the importance of mentorship, the power of networking, and how living below your means can set the foundation for financial independence. Whether you’re a first-time investor or looking to take your portfolio to the next level, this episode is packed with insights to help you start and scale your real estate journey.

Here are some key takeaways from today’s conversation:
00:00 - Introduction and Joe’s background in finance
06:49 - Lessons from early investing: From baseball cards to stocks
13:00 - The pivotal bonus event that inspired Joe’s real estate journey
20:10 - Mastering the BRRRR strategy to grow your portfolio
26:00 - Selecting the right real estate market: Joe’s criteria and experience
34:50 - Creative financing: How Joe leveraged seller financing for a 22-property portfolio
41:00 - The importance of mentorship, mindset, and building a strong network

Episode Highlights:

[13:00] The Bonus That Changed Everything
Joe reflects on the moment a disappointing bonus made him rethink his financial future. This pivotal event pushed him to explore secondary income streams, leading him to real estate investing.

[20:10] The BRRRR Strategy in Action
Joe explains how the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) method allowed him to grow his portfolio quickly while creating long-term cash flow.

[26:00] Choosing the Right Market
Joe shares his process for selecting markets, including focusing on properties under $100,000 and ensuring they meet the 1% rule.

[34:50] Creative Financing for Large Deals
Joe breaks down a 22-property portfolio acquisition where he used seller financing to close the deal. He emphasizes the importance of relationships in making creative financing possible.

[41:00] Mentorship and Networking
Joe talks about the role of mentorship in his success and how building relationships can open doors to deals and opportunities.

Connect with Joe on LinkedIn and at KAYJAY consulting.

Financial and lifestyle freedom can be yours, but you have to act!

How to Go Full-Time Real Estate: Fire Your Boss with Joe Meares

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