From Waiting Tables to $13K/Month: How Andres Martinez Used Co-Living to Build a 14-Property Portfolio

Name Andres Martinez Location Dallas, Texas Occupation Full-time real estate investor (former waiter and jazz musician) Assets 14 properties (10 owned, four under management), 107 co-living rooms, ~$27,000/month gross portfolio cash flow Investment strategy Wholesaling, co-living conversions, in-house general contracting, 50/50 capital partnerships Financing Subject-to purchases, private partner capital, HELOC second-position financing Andres Martinez studied jazz in college, waited tables for years, and never considered real estate until a mortgage rate hike locked him out of buying a house with his wife in late 2023. Determined to find another way in, he fell down a rabbit hole of creative financing and started cold-calling every listing on Zillow, sometimes 500 to 600 calls a day. His first deal was a wholesale assignment that took nine months and nearly broke him before it paid off. From there, Andres discovered co-living, a strategy of renting properties out room by room, and rebuilt his entire business around it. Two years later, he owns 10 properties, manages four more, and takes home $12,000 to $14,000 a month while leaving the house once or twice a week. Here’s how he buil...