#254 - How We're Living Abroad for Free (International House Hacking)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 23 September 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Episode #254 -
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Transcript
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| 0:00.0 | My wife Carrie and I had dreamed of moving abroad again as a family. Back when our daughters were |
| 0:04.7 | three and five years old, we spent 17 months in Ecuador in South America. It was one of the |
| 0:10.3 | best experiences of our lives. But fast forward to 2022, our kids are 11 and 9 years old and growing up |
| 0:17.8 | fast. We knew that if we didn't make another trip happen soon, the |
| 0:21.2 | opportunity could slip away from us. You probably guessed where the story goes. We've now begun |
| 0:27.1 | a 12-month trip abroad. We're living in Granada, a beautiful historic city in the south of Spain. |
| 0:33.3 | For now, we're settling in and practicing our Spanish skills at a local language school. |
| 0:37.8 | Soon, our kids will begin their regular school year at a local elementary school. |
| 0:42.1 | We're all a bit nervous and excited, but that's why we're here. |
| 0:46.5 | To grow, to learn, to experience a new culture, to meet new people. |
| 0:51.2 | But in order for this trip to happen, there's one practical challenge that |
| 0:55.3 | had to be solved. And that's housing. |
| 1:02.0 | Our basic housing strategy was to rent the house that we own in the United States and then find a house |
| 1:11.3 | or an apartment to rent in Spain. Our hope was that we could cover 100% of our housing costs in |
| 1:16.6 | Spain using the rent from back in the United States. That was our plan to live for free. I don't |
| 1:22.3 | know if anyone's named this technique yet, but let's just call it international house hacking. |
| 1:26.5 | We finally committed 100% |
| 1:28.3 | to doing this trip back in December of 2021, which was about seven months before we moved out and went to |
| 1:34.2 | Spain. We had three main projects to do before that could happen. Number one, we had to get our house |
| 1:39.5 | ready to rent. Number two, we had to find good tenants to live in our house until we got back a year later. |
| 1:45.2 | And number three, we had to pack up and actually move out of the house. Getting the house ready to |
| 1:49.5 | rent meant doing a little bit of painting and a lot of cleanup. We hired a painter friend to do |
... |
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