223 - Who Steals an Oven Twice!? with Antoine Martel

What’s more fun than having to pump $12K into an investment
property? Getting everything stolen and having to do it all over
again! Antoine Martel, a real estate investor, entrepreneur, and
owner of MartelTurnkey.com, learned a lesson the hard way when
brand new major systems were stolen—twice. Listen in to hear why
Antoine chose to invest in Memphis and Cleveland, and learn the
key factors this 25-year-old investing powerhouse considers so he
can make smart decisions for himself and his clients. 


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Time Stamped Show Notes:


00:45 - Introducing Antoine, a 25-year-old real estate
investor and entrepreneur who lives in Los Angeles

00:50 - He learned how to flip houses and wholesale
apartment buildings and decided that investing out-of-state
was best

01:25 - He bought his first house in his last semester at
university in Memphis, TN for $35K, renovated it for $5K, and
rented it out

02:05 - They now help others do the same through
MartellTurnkey



02:50 - Antoine’s CSIRE story

02:50 - They bought a duplex in Cleavland, OH that came
with $12K worth of major systems; the day after closing, all
of it was gone

04:08 - He called his insurance to tell them what
happened; they couldn’t prove it was after closing so they
gave up

05:40 - They replace everything and a week later,
everything was stolen again; it was $24-25K total 

06:40 - They installed security cameras and waited until
they got tenants to put everything back in



06:50 - Lessons

06:55 - They don’t install major systems until they have
a tenant move-in date; they tell the tenants that it’ll be
installed before move-in



08:25 - Why Cleveland and Memphis

08:50 - Population growth, job growth, diversity of
workforce, population number, and the median home and rent
price

09:20 - He also looked into economic development
committees and data mined different communities

10:30 - He looked at past data and saw that those places
hadn’t spiked yet



11:20 - Why he lives in L.A.

11:25 - His family lives in L.A. and he wants to leave
the emotion out of his investment decisions



13:30 - He’s making a website, www.Investor-List.com that
lists the top 500 MSA’s in the U.S. so people can decide where to
invest out-of-state

14:40 - MartelTurnkey: They renovate and resell properties to
investors

15:15 - Check out Antoine’s book: A Millennial's Guide to
Investing in Cash Flowing Rental Properties and podcast A
Millenial’s Guide to Real Estate Investing

15:28 - Connect with Antoine on Instagram



3 Key Points
Research your investments! Consider investing out-of-state.
Keep emotion out of your investments.