BiggerPockets Real Estate Podcast

Making 6 Figures Investing After Quitting His $40K/Year Job for Real Estate

Oct 21, 2024
In this conversation, Jon Boyd, a full-time real estate investor who left a $40K job to support his family of six, shares his remarkable journey. He discusses his innovative direct-to-seller marketing strategy that has helped him close over 20 deals and build a portfolio of five rental properties in just two years. Henry Washington chimes in with advice on navigating financial safety nets and the importance of building relationships with sellers. Their inspiring stories demonstrate how calculated risks can lead to significant wealth through real estate.
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ANECDOTE

Early Real Estate Journey

  • Jon Boyd's real estate interest began in his 20s after a pharmacist friend shared his success.
  • Initially, he bought properties for personal use with future renting in mind, gradually transitioning to full-time investing.
ANECDOTE

Quitting the Job

  • After a couple of deals and a health setback, Jon's dislike for his job pushed him back into real estate.
  • His prior experience served as proof of concept, giving him the confidence to pursue it full-time.
ADVICE

Direct-to-Seller Marketing

  • Direct-to-seller marketing, like sending letters, helps find off-market deals.
  • This involves identifying motivated sellers before they list publicly, often leading to lower purchase prices.
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