245: Escaping the “Grind" through Van Life and Cross-Country Investing w/Tony Clark

Real Estate Rookie

BiggerPockets

Business, Education, Entrepreneurship, Investing, How To

4.7 • 1.8K Ratings

🗓️ 21 December 2022

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

How far can you go? What are your “limits” in life? For most people, it’s easy to get discouraged by everyday barriers, but for today’s guest, not letting limits define him is what led to a brighter future. Tony Clark, today’s guest, identified and assessed his limits to determine his starting point. And now, he has three rental units, including a duplex in Nashville and a house in California. Tony’s real estate investing journey started when he realized how expensive life is. After college, he worked at a church making decent money, but after dating his now wife, he realized that wasn’t enough to support a family. He turned to real estate to escape the grind and ensure he wouldn’t have to work crazy hours to live the life of his dreams. Once he recognized that he needed to buy an asset someone would want, he bought a transit van to rent out. From this purchase alone, he started his journey to pursue passive income. From his experience with the transit van, he transitioned to real estate seamlessly. After identifying his limiting factors, he settled on Nashville—where he could enjoy living and where the numbers made sense. He’s also been able to build a team and even start a property management company. Tony is now much closer to his ultimate goal of buying better properties with great tenants, spending less time working and more time building his empire! In This Episode We Cover Why owning appreciating, cash-flowing assets is the true path to wealth How to cut your expenses, live for cheap, and invest the rest Utilizing the assets you own to save money, work less, and make money simultaneously Limiting factors and how understanding your limits can make you a better investor How to set your buying criteria, and how to find investments that fit your goals Self-managing and what you need to run your own property management business And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Real Estate Rookie Facebook Group BiggerPockets MLS RentRedi Zillow BiggerPockets Pro The Real Estate Podcast DoorDash Turo Outdoorsy Hemlane Showami Connect with Tony: Tony's Instagram Tony's BiggerPockets Profile Tony's Tiktok Check the full show notes here: https://www.biggerpockets.com/blog/rookie-245 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 245 got into real estate after I got engaged I think a lot of
0:09.2	the listeners and a lot of us kind of we go through our you know high school college years and then
0:14.2	realize we have to be financially responsible and figure out kind of you know how to build a
0:21.0	life and for me just kind of wanted to get into real estate or look for financial independence but
0:27.2	didn't know where to start but got into real estate a couple of years ago and you know moved
0:33.2	across the country bought a sprinter van I've lived in a trailer done a few kind of just like
0:38.7	out there things my name is Ashley Care and I'm here with my co-host Tony Robinson and welcome
0:44.4	to the real estate rookie podcast where every week twice a week we're bringing the inspiration
0:49.1	motivation and stories you need to hear to kickstart your investing journey and today I want to
0:53.6	shout out Becky Sue elder Becky left us a 5 star review on Apple podcast and Becky said I love
0:59.1	the dynamics between Ashley and Tony they keep it fun and always interesting I learned so much from
1:04.0	the show and it's giving me the education and confidence to invest in real estate keep it up I
1:08.6	appreciate you both no Becky Ash and I appreciate you and if you guys are listening and I haven't yet
1:15.2	left us a 5 star review on Apple podcast please do the more views we get the more folks we can
1:19.5	reach the more folks we can reach the more folks we can help and that's always our go here at the
1:22.4	real estate rookie podcast before we get to the episode let's hear a word from our show sponsor
1:29.9	we know you've heard it before cash flow is getting very hard to find there's always long
1:35.2	distance of messing but you may be thinking I don't have a team enough experience or the market
1:40.4	knowledge to get in that's where you're wrong and that's where rent to retirement comes in
1:45.2	rental retirement offers full turnkey properties that are newly built or renovated least
1:50.8	and managed allowing you to invest out of state with confidence they've got single-family
1:55.6	multi-family new build and syndication opportunities across multiple markets they even have
	...

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