276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 26 April 2018

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 introduction His inauspicious beginning as a real estate investor What he learned from his mistakes How a friend who lives for free in his apartment influenced him What he’s learned from having his first duplex What you should know about PITI How he financed the purchase of his duplex The upsides of being a landlord The risks of real estate investing The “vacuum truck” story The number of units he has and the reason he retired How to seek out “hidden ROIs” How he finds and funds deals What his future looks like And SO much more! Links from the Show BiggerPockets Forums Trulia Zillow HotPads Broke to Retired in 15 Years Mr. Money Mustache Grant Cardone BiggerPockets Podcast 272: No Money, No Deals, No Time? Overcoming Real Estate’s “Big Three” with Brandon Turner & David Greene Tweet Mindy BiggerPockets Youtube Channel Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill Fire Round Questions Would 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 Bryce Bryce’s BiggerPockets Profile Bryce’s Youtube Channel Bryce’s Company Website Bryce’s Email Address Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast, show 276.
0:05.0	You know what? I don't know how to sell a truck that has a loan on it, but I know how to vacuum my truck.
0:11.0	And that's free. That's free. So that day I went out with my shop back and I
0:15.2	freaking vacuum the truck and then the next day I'm like okay I don't know how to
0:18.9	sell a truck with a loan on it but my wife knows how to take pictures and
0:22.2	she's got a good eye.
0:23.2	Still free, right? So she takes pictures and I'm like, all right, I don't know how to sell
0:28.1	a truck with a loan on it, but I know how to make a Craigslist ad and that's
0:31.3	still free. So I make a Craigslist ad. People start calling me and I'm like I guess I can let them test drive my truck. Still free right? Anything cost any money yet guys? That's still free.
0:43.0	You're listening to Bigger Pockets Radio,
0:46.0	Simplifying real estate for investors large and small.
0:50.0	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:56.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
1:02.0	Your home for real estate investing online.
1:04.8	What's going on everyone? This is Brandon Turner.
1:06.8	Today's host of the BiggerPockets podcast here with my wonderful, amazing co-host Mr David Green. How you doing buddy?
1:17.0	I am doing pretty good. I just got off the phone with my banker. I'm working myself
1:21.8	through two different refinances right now. I hate
1:24.8	refinance. You're not kidding man the fun part of real estate is buying it and
1:29.5	then the annoying part is having to find the funding for it so we're kind of
1:33.1	going back and forth about what stuff they need I'm ordering surveys and I'm ordering
1:37.2	like the the flood survey to know if I need flood insurance there and getting
	...

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