231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living
BiggerPockets Money Podcast
English - September 13, 2021 06:00 - 1 hour - ★★★★★ - 2.8K ratingsInvesting Business Education financial independence financial freedom investments wealth finances finance investing success money realestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Not everyone has the vagabond spirit of those who choose to optionally live out of their cars, trucks, or vans. While this isn’t up Scott and Mindy’s alley, it’s been perfectly fine for today’s guests Tien and Brandon. After deciding to end their lease before a road trip, Tien and Brandon found living in their specialty-built van wasn’t just habitable, but preferable for their lifestyle. This was especially true after paying pricey southern California rent.
All this happened after making some impressive financial moves; paying off $50k of loans in eight months, flipping their first house, and buying a small portfolio of duplexes. Tien and Brandon have made a spree of financially intelligent moves, pushing themselves into a high net worth category, all while living in one of the most beautiful places on earth.
As of March 2021, Tien and Brandon dismantled their truly remote lifestyle to settle into their first short-term rental house hack. They’ve been pulling in $8,000 a month (yes, a month) from their San Diego Airbnb property, which is not only covering their entire mortgage but paying them some profits to boot!
In This Episode We Cover
Paying off a large amount of student debt in a short period of time
Finding side hustles that can support your saving and investing goals
Making a plan to retire early and investing in income streams that will make it a reality
Flipping a house without construction or real estate experience
Investing out of state where you already have family/friends/relationships
The hardest part of living in a van full-time (and its MAJOR benefits)
House hacking with a short-term rental
And So Much More!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Not everyone has the vagabond spirit of those who choose to optionally live out of their cars, trucks, or vans. While this isn’t up Scott and Mindy’s alley, it’s been perfectly fine for today’s guests Tien and Brandon. After deciding to end their lease before a road trip, Tien and Brandon found living in their specialty-built van wasn’t just habitable, but preferable for their lifestyle. This was especially true after paying pricey southern California rent.
All this happened after making some impressive financial moves; paying off $50k of loans in eight months, flipping their first house, and buying a small portfolio of duplexes. Tien and Brandon have made a spree of financially intelligent moves, pushing themselves into a high net worth category, all while living in one of the most beautiful places on earth.
As of March 2021, Tien and Brandon dismantled their truly remote lifestyle to settle into their first short-term rental house hack. They’ve been pulling in $8,000 a month (yes, a month) from their San Diego Airbnb property, which is not only covering their entire mortgage but paying them some profits to boot!
In This Episode We Cover
Paying off a large amount of student debt in a short period of time
Finding side hustles that can support your saving and investing goals
Making a plan to retire early and investing in income streams that will make it a reality
Flipping a house without construction or real estate experience
Investing out of state where you already have family/friends/relationships
The hardest part of living in a van full-time (and its MAJOR benefits)
House hacking with a short-term rental
And So Much More!
Learn more about your ad choices. Visit megaphone.fm/adchoices