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

04/26/18 • 82 min

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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

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill

Fire Round Questions

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

Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill

Fire Round Questions

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

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

275: Buying 300 Homes While Working a Full-Time Job with Attorney Rob Oliver

“The wrong lease could cost you $15,000 or more.” That’s one lesson of many you’ll get today on this powerful episode of the BiggerPockets Podcast. In this show, we sit down with real estate investor and attorney Rob Oliver to learn how he went from helping other investors buy real estate to owning over 300 condo units while working full-time. In addition to his incredible story, you’ll also get keen insight into the world of real estate investing from the eyes of an attorney—without the $250 billable hour! You’ll learn the importance of a strong lease (and what happens if you don’t have one), as well as instructions on how to find a great attorney and get the most from the attorney for the least cost.

In This Episode We Cover:

How Rob got started in real estate
The journey from lawyer to investor
How to find properties other investors aren’t looking for
Why he invests in condos
Tips for investing while working full-time
Advice for those starting out in real estate investing
The different hats he wears and what he does in his business
How to grow a 100-unit portfolio
What to do with nonpaying tenants
How to find a great lawyer
Why it’s OK to cancel a deal
What his future looks like
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Cashflow Quadrant by Robert Kiyosaki
Jesse Livermore: World’s Greatest Stock Trader by Richard Smitten

Fire Round Questions

Tweetable Topics:

“You don’t need to know everything before you get into a deal. There is actually time to research it.” (Tweet This!)
“Each deal that you cancel, you learn something from it.” (Tweet This!)

Connect with Rob

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

277: Building a Six-Figure Family Real Estate Business with Ashley Wilson

Many families can’t even enjoy a holiday meal together — but today’s guest has built a real estate empire with hers! Today we sit down with Ashley Wilson, a house flipper who got started investing in real estate while living overseas in Europe. Today, Ashley shares how she has been able to generate six-figures in profit — almost from the beginning — using a highly systematic approach to building wealth. She also drops some huge knowledge bombs with advice on finding and funding deals — and even some never-before-heard advice on knowing what features to put into your next rehab!

In This Episode We Cover: