Why work at a lame job until you’re too old to enjoy the life you’ve been given? If you are looking to get out of the rat race earlier, this is one episode you can’t afford to miss. Today on The BiggerPockets Podcast, we sit down with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through the smart purchases of small multifamily properties. Bryce shares his powerful story on how he was able to build a portfolio of 22 units that give him $10,000 per month in income. Bryce also shares a phenomenal concept he called “vacuuming the truck,” which could change the way you think about real estate (and life) forever.
In This Episode We Cover:Bryce’s special introductionHis inauspicious beginning as a real estate investorWhat he learned from his mistakesHow a friend who lives for free in his apartment influenced himWhat he’s learned from having his first duplexWhat you should know about PITIHow he financed the purchase of his duplexThe upsides of being a landlordThe risks of real estate investingThe “vacuum truck” storyThe number of units he has and the reason he retiredHow to seek out “hidden ROIs”How he finds and funds dealsWhat his future looks likeAnd SO much more!Links from the ShowBiggerPockets ForumsTruliaZillowHotPadsBroke to Retired in 15 YearsMr. Money MustacheGrant CardoneBiggerPockets Podcast 272: No Money, No Deals, No Time? Overcoming Real Estate’s “Big Three” with Brandon Turner & David GreeneTweet MindyBiggerPockets Youtube ChannelBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThink and Grow Rich by Napoleon HillFire Round QuestionsWould you decrease monthly rent in order to keep a good tenant?I’m having a hard time finding a QUALIFIED tenant.Where do you list your properties for rent?Tweetable Topics:“You can live more cheaply by buying a multifamily.” (Tweet This!)“Sometimes you need a partner to push you to be a little stronger.” (Tweet This!)“You don’t want to mitigate the risk of real estate. They are there.” (Tweet This!)Connect with BryceBryce’s BiggerPockets ProfileBryce’s Youtube ChannelBryce’s Company WebsiteBryce’s Email Address