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BiggerPockets Real Estate Podcast

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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.816.6K Ratings

🗓️ 21 October 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue real estate investing full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try.  Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!”  Now, just a few years later, he’s a full-time real estate investor, doing over a dozen house flips in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too! In This Episode We Cover: The one direct-to-seller marketing strategy Jon uses to find off-market, undervalued deals How to plan your financial safety nets when quitting your job for real estate  How to talk to a potential seller so they feel comfortable giving you the deal  The one thing you should do before you quit your job (or you’ll regret it!) How Jon does over a dozen house flips a year with ZERO employees  An unbelievably creative seller finance deal that most investors would never think of  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab Henry’s New Book, “Real Estate Deal Maker” Find Investor-Friendly Lenders 10 Steps to Kickstart a Winning Direct Mail Campaign Connect with Jon Connect with Henry Connect with Dave (00:00) Intro (01:09) Given Golden Advice Early (03:43) Quitting His W2 Job (08:54) Taking a Big Risk (12:21) Looking for Off-Market Deals (16:10) Profit on Direct Mail (19:09) How to Talk to Sellers (22:56) Jon's Current Portfolio & Business (24:24) Doing 12-14 Flips by HIMSELF! (28:28) Most Creative Real Estate Deal Ever? (31:49) Can Anyone Do This? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1033 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today we're talking about what happens when you go all in.

0:03.4

Our guest today left his job on a break to go sign a Heelock that he was going to use to invest

0:09.4

and when he came back to his job he also brought his two weeks notice and a plan to go full-time in real estate.

0:17.3

Two years later, he's made more than 30 deals happen. Hey guys, it's Dave and I'm here today with Henry Washington and a guest he brought

0:30.6

us, investor John Boyd from Arkansas.

0:34.1

Yeah man, John's got a pretty amazing story.

0:36.9

I mean he's literally done the thing that like people

0:40.1

dream about doing when they start learning about real estate investing?

0:43.0

He did the Jerry McGuire.

0:44.0

He just like, he just like rage quit.

0:47.0

It's amazing.

0:48.0

Who's coming with me?

0:49.0

Yeah, exactly.

0:50.0

No, but he's got a fantastic story and I think people are really going to enjoy it, but learn a lot about what it truly takes for someone to do something like this. So let's jump into it.

1:00.0

Jonathan Boyd, welcome to the BiggerPockets Podcast.

1:02.9

Thanks for being here.

1:03.8

Yeah, thanks for having me.

1:05.2

This is great.

1:06.3

Yeah, we're excited to have you.

1:07.9

Glad that we could pull this off.

1:09.9

So Jonathan, it sounds like you just started in real estate a couple of years ago.

1:13.6

What inspired you to get started?

...

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