692: Fighting Cancer, Financial Freedom, and 20 Units in 2 Years/Josh Goldstein

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 24 November 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is until something forcibly stops you from working. It could be a workplace injury, a family emergency, or even a cancer diagnosis. What do you do when you can’t work or provide for your family, all while fighting a life-threatening disease? Josh Goldstein was in this exact situation in 2015 when doctors gave him a rough diagnosis—pancreatic cancer. Josh and his wife knew that he could make it through the treatments, but the financial problem still loomed largely. How would they be able to pay the bills, take care of their kids, or continue living the life they loved without any money coming in from Josh’s work? The answer—real estate investing. After years of analysis paralysis and a deep obsession with BiggerPockets content (woohoo!), Josh bought his first property as the world was starting to shut down. But he didn’t let the lockdowns stop his plan to hit financial freedom fast. Over the past two years, Josh has gone from zero to twenty units, some of which he’s never laid eyes on before. This portfolio, which was built out of a life-threatening situation, is now bringing in hundreds of thousands a year for Josh’s family, providing them well-earned financial independence. In This Episode We Cover: Solving life’s hardest problems (even when they threaten to kill you!) Building your foundation for financial freedom today so you’ll never be out of options Kicking analysis paralysis to the curb and the simple way to start investing in real estate Long-distance real estate investing and why it isn’t as scary as you may think Short-term rental saturation and what will happen as hosts buy more and more homes Why you always want to double-check the battery life on your home’s smart locks And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram BiggerPockets Podcast 340 with Whitney Hutten BiggerPockets Podcast 364 with Avery Carl Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Long-Distance Real Estate Investing by David Greene Connect with Josh: Josh's BiggerPockets Profile Josh's Instagram Josh's Email Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-692 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, show 692.
0:04.3	I think the biggest fear was trusting people that I didn't really know.
0:11.2	You know, I was meeting these people through Facebook groups or through, you know,
0:16.2	different online platforms and it's hard to trust, especially when you've never done a deal before
0:22.3	what they're saying. And so I think being able to verify, and you know, like again, in your book,
0:31.8	you kind of give resources on how to double check things and how to circle back. I think that helped
0:37.7	so much in terms of my trust in them. What's going on everyone, this is David Green, your host
0:42.8	of the Bigger Pockets Real Estate Podcast. Here today with my co-host, Henry Washington, as we
0:48.1	interview Josh Goldstein, an out-of-state investor who has a pretty amazing story and a very simple
0:55.5	solution to problems we all have. We want to make money in a way that we like more than our job
0:59.5	and we want to build a travel and have freedom and not be stuck in one location doing things that
1:03.9	we don't like. Today's episode is awesome and you're going to learn a ton about long distance
1:08.2	investing, overcoming problems, analyzing properties, decorating them to maximize your return and more.
1:15.3	Henry, I know I probably just took the big stuff, but was there anything I didn't mention that you
1:19.3	liked about today's show? Yeah, no, you did take the big stuff. My favorite part of the show is just
1:23.7	honestly, I love hearing stories of people that are doing things that a lot of folks would say
1:32.4	is difficult or impossible to do, right? So being able to stay positive when you get bad news,
1:40.2	and then giving not just saying, hey, I remain positive, but giving some practical steps on
1:45.3	how he does that, which is super cool. And then just changing your life, deciding to invest,
1:51.4	and then doing it when everybody thinks you can't. You live in an expensive market. Okay, I'll go
1:55.8	buy a property somewhere else, right? And then putting the action behind those steps to actually do
2:00.5	that in a way that is financially beneficial. So I love it. Absolutely. This is a very easy to
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