Do you want to buy a property but can’t get conventional financing right now? Do you own a home, but you owe more than you can net by selling it traditionally? Or do you just want to learn more about the note business?
In today’s episode of Passion for Real Estate Investments, CEO of “The Trusted Home Buyer”, Martin Boonzaayer, sheds some light on his combination of passive and active income streams. From investing part-time to buying his first five houses in 2008, Martin has dedicated much of his time to his passion of helping people with their real estate issues while also building his own wealth.
Martin has a very particular set of skills. These skills have propelled him to be a world-class martial arts competitor, three-time world team member, and seven-time national champion, and have earned him two gold medals at the US International Invitational (US Open) Championships, a bronze at the 2003 Pan American Games, and ninth place in the 1999 World Championships.
He also graduated Summa Cum Laude with a Bachelor of Science in Computer Engineering from Western Michigan University, followed by a Master’s Degree in Electrical Engineering from Arizona State University.
He then set his sights on real estate.
What is Martin’s strategy for his rental portfolio? What are his views on performing versus non-performing notes, and what are the pros and cons of notes? Why is he shifting from being a landlord to being a leanlord, and what are the challenges that he has had to overcome?
Martin shares how to increase your yield on performing notes. He also has some views on wholesaling, and tells us why he’s not all that active in the wholesale space. You also get to hear about some of his plans to blend his notes business and his fix-and-flip business to help sell assets to those who need seller financing.
If you want to learn about Martin’s creative win-win strategies, and how you can get involved and create your own low-management passive income, this episode is for you.
Highlights from the interview
- Martin’s work ethic and passion has fueled his performance in such diverse fields as sports, electronics, and now real estate.
- “The best seat at the table is the lender.”
- Martin’s strategy to transition some of his rental portfolio into performing notes.
- What the pros and cons are of the performing note space.
- How, as a note owner, you can increase your yield by being ‘in the middle’.
- How Martin plans to blend his businesses to help those who need seller financing.
About Martin Boonzaayer
Martin is the son of an immigrant and grew up to become an Olympic competitor before turning his back on a lucrative career in computers so that he could help families by giving them cash for their unwanted Phoenix real estate.
When his father immigrated to America, he had just $40 in his pocket and he taught Martin the values of drive, determination, discipline, honesty, integrity, hard work, and entrepreneurship. He applied those same qualities to everything he does — in sports, at work, in his life, and with his beautiful family.
Those same qualities helped to propel him to become a world-class martial arts competitor. He even competed in the 2000 and 2004 Olympics in Judo! Along with that honor, he’s also been privileged to be a three-time World Team Member and a seven-time National Champion. He’s won Bronze at the 2003 Pan American Games, placed ninth in the 1999 World Championships, and was a two-time Gold medalist at the US International Invitational (US Open) Championships.
He also pursued an extensive education in the world of high-tech, graduating Summa Cum Laude from Western Michigan University with a Bachelor of Science. in Computer Systems Engineering, and later he received a Master’s in Electrical Engineering from Arizona State University.
It looked like a lucrative career in the world of computers and IT was his career path. But his father’s drive, determination, and entrepreneurial spirit were renewed in him and he realized he wanted to help other people. He looked at his own family — a beautiful wife and four wonderful children — and he knew that he wanted to do something to help Phoenix families.
He also realized that the American Dream is so closely tied to real estate: People want to own their own homes but sometimes those properties become a burden. Sometimes houses become “underwater”; sometimes families inherit a house from a loved one that they just can’t afford to maintain; sometimes families need to move and don’t have the time to repair their properties and put them on the market; sometimes families face challenges like divorce and they need to quickly sell the house to wrap up the situation… those and many more situations put families in turmoil.
He realized that his unique gifts and his unswerving focus on honest, determination, and entrepreneurship could be applied to this situation to help families in Phoenix and the surrounding area, and throughout Arizona, to deal with their most frustrating and pressing real estate issues.