On the Embassy Wealth Podcast we interview members of the foreign affairs community to see how they’re building wealth both personally and financially, no matter where they’re posted. The views expressed on this podcast are only those of the individuals featured on the show and do not in any way reflect the official policy of the United States government.
Episodes
Thursday Nov 25, 2021
Thursday Nov 25, 2021
This episode is a re-run from earlier this year.
Joe Burkhead grew up in a small farming community in central Kentucky with a population of less than 400 people. In a place where fast food and manual labor jobs were plentiful, Joe knew no one in his hometown that was a serious investor. After joining the Marines Corps and being sent to Paris with the Marine Security Guard (MSG) program, Joe picked up “Rich Dad, Poor Dad” and was inspired to invest in real estate.
At 23, with savings largely earned from his first year as an MSG, Joe bought a four-unit apartment building. This purchase launched an amazing real estate investment journey spanning two decades, during which Joe built a small multifamily property empire in his hometown.
In this interview, Joe shares his experiences with:
- investing in all phases of the real estate market, including during periods of high mortgage interest rates (6%+!) and in periods of low inventory
- securing bank financing to purchase 90 units
- what to look for when purchasing a property and what to avoid
- building his own new construction multifamily
- using leverage to grow and expand your real estate portfolio
Joe’s incredible story is a testament to what just one person on a federal government salary can accomplish through sheer determination and persistence over time, no matter where in life you start. Be sure to listen to the end to catch Joe’s best tips for real estate investors!
Music: “Higher Up” by Shane Ivers
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