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.
David:
This is the BiggerPockets Podcast, Show 692.
Josh:
I think the biggest fear was trusting people that I didn’t really know. I was meeting these people through Facebook groups, or through different online platforms, and it’s hard to trust, especially when you’ve never done a deal before, what they’re saying. And so, I think being able to verify, and again, in your book you kind of give resources on how to double check things, and how to circle back. I think that helped so much, in terms of my trust in them.
David:
What’s going on everyone? This is David Greene, your host of the BiggerPockets…