Financial Independence in Your 30s Through Just 5 Investment Properties | BP Podcast 305
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- Опубліковано 21 лис 2018
- Are you interested in retiring early with real estate but don’t want to manage 100s of properties to do so?
Today’s guest has managed to travel to 54 countries in the last 3 years after retiring in his 30’s by owning just FIVE properties. Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can too).
In this episode, you’ll learn how Brad has created “Time Wealth”, how he tracks every expense he has, and how he achieved the equivalent of a four year degree while sitting in Houston traffic! Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life!
Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss!
Check the full show notes here: www.biggerpockets.com/show305
A paid off mortgage is rarely talked about at biggerpockets so I am super grateful for this podcast. We don't all have to own 100s of leveraged properties.
Exactly! I think I’m just gonna buy a duplex and just pay it off asap. Then save up for a single family and pay cash
@@angelmoreno1141 Yup, diff goals for everyone!
I turn 52 tomorrow. Far from my 30s but who cares this is still great stuff!
Happy birthday Brian :D
Thank you!
Good point, and happy birthday.
I totally understand. I am looking at 49 next month
Thanks for the Video clip! Forgive me for chiming in, I am interested in your thoughts. Have you thought about - Renannah Tiyily Release (search on google)? It is a smashing one of a kind guide for learning how to get the ultimate millionaire mind minus the headache. Ive heard some extraordinary things about it and my close friend Aubrey got astronomical success with it.
Hands down one of the best podcasts. I love the simplicity in his approach and TIME WEALTH. Great interview
Great stuff! Bigger pockets is what inspired me to start a podcast and UA-cam trying to teach young people how they can achieve financial independence!
Just subscribed brother! I also upload videos on financial freedom. Let’s stay in touch!
@@KenRobinsonchannel thanks! I'll check out your channel
His personal story made me tear up. True GRIT. It made me relook at my own heartbreaks differently. My heart might have been broken but it's been put back together n stronger than ever. Bravo. Thank you for sharing your story.
One of my favorite shows. It is impressive how simple and successful his strategy is and how he achieved financial freedom through it.
This episode is like a breath of fresh air. I learned a lot from Brad's attitude towards life.
So far, this is one of my favorite episodes on BP! And I've watched alot of them!
Justin Brown agreed! He has a wise perspective on life and I admire how he shares it without coming across like he’s figured it all out. Always more to learn!
This is my second time listening. I love it.
My favorite podcast of them all. Makes success so attainable!!
Thank you BP!!
This was one of the Most beneficial Bigger Pockets podcast!! Loved it.
We just paid cash for our first house and it is an amazing feeling of security. Stacking debt based investments for quick profits is a house of cards....great until the foundation shakes.
Amber Webb True! Also very important to have an emergency fund. I love his diversification method of adding dividend stocks to his assets. I make a lot of passive income videos on my channel about these.
Just put 3.5% down on a fourplex 😂
Thanks for having a guest with such an accessible strategy. It’s really relatable.
This is one of the best episodes in my opinion. Great story
jordan baker Agreed! He’s also smart to diversify into dividend funds. The one he owns is “VYM”. I own it as well and have made a lot of passive income videos on my channel.
My favorite episode. It really resonates especially the time wealth comments.
Nice podcast, nice guest, exciting story! Thanks, BP guys!
This is exactly the path I’m working on. Two down, looking for a 3rd. And I’m able to attack the mortgages at the same time because my home is financed with a first position HELOC. I basically have a $133k credit card to buy houses with. Great interview.
michael smith - it’s first position, so the amount of equity doesn’t matter. I had a $90k mortgage and refinanced the entire house with a 90% LTV HELOC. Most big banks do 80%, but there’s a local one here that does 90%. So my $133k HELOC immediately had a $90k balance, no big deal since I suddenly had access to an extra $43k. There’s positives (it’s interest only for 10 years) and negatives (it’s variable after one year), but neither mattered to me since I attack it and it can be refinanced every year with a new value and new intro rate. Also, HELOCs don’t escrow, so I’m not overpaying some institution to have enough for taxes and insurance. When those bills come, I pay them out of the HELOC. One other plus: the closing costs are $299
I’ve never heard of a first position HELOC....interesting.
One the the best shows EVER!!...personal development points were awesome. This was for ME...thanks guys
Loved this podcast. Simplified; made it seem possible! Encouraging, informative!!
This episode was unexpectedly awesome...
Great podcast! I am loving this one!
Wow. Love the comments about strength built from hardship. I can totally relate and so very true!
Thank you all at BP for keeping me motivated!
Excellent interview. Actionable. Thanks for posting. I am inspired! Brad, Congratulations on your success. Here’s to a happy future.
M K I feel the same way. This guy is smart to not only hold real estate but also own dividend stocks. Diversification! I make a lot of passive income videos on my channel about these.
This is one of the great ones. Thanks BP
True, hardships sharpen our motivations, views, plans, goals. It’s sad when that happen to anybody, but make us better.!This podcast, has a lot to learn, thank you for your inputs
Thanks for sharing the life story, very valuable experiences to learn.
I truly value this different aspect and approach to investing that I'm witnessing in this episode... I appreciate the spiritual and balance that is being shown by this gentleman simplicity at its best ♥️
Amazing podcast, I learned a lot from the talk, that I almost do the exact same thing when you guys were younger and i'm only 18, and have been looking to stocks, reading, real estate, and savings.
Brandon and David drop the words instagram and Facebook more often then teenage girls do.🤣👍
Time Wealth. Deep. Excellent video!
Showing this to my 20 year old son
Smart..very smart
Jorge Cajamarca that is nice, I wish I could hear how your child perceives after the episode. Nice of you doing that
Incredible interview! Thank you.
OMG the defensive income information is exactly the information I have been looking for. I just downloaded Toshl. Thanks for the tip.
Great guy and very inspirational
This podcast in gold !!!!!
Brandon Saiz Agreed! This guy is smart to not only hold real estate but also hold dividend stocks. Diversification! I make a lot of passive income videos on my channel about these.
Great episode!
Brandon nice view ! Good topics....house hack here, Piti covered and utilities and cap X all by rent...I made a 2 br into 3 jump 30 percent in rent...
Could do more hack make a studio in back of one unit....just decide to live smaller lol
Really enjoyed this show. I really like his investing strategy and his outlook on life. I'm with him on reading more books. The Richest Man In Babylon was the game changer for me as well.
Trev Dakine Yes I really like his diversification strategy. Holds both real estate and stocks. I make a lot of passive income videos on my channel about these.
OK,
They didn't go into enough detail for my satisfaction. Lagniappe!
Noun
lagniappe (plural lagniappes)
(chiefly Louisiana, Mississippi, Trinidad and Tobago) An extra or unexpected gift or benefit, such as that given to customers when they purchase something.
Synonyms: brotus (chiefly Southern US), pasella (South Africa), tilly (Ireland)
Etymology
Cajun French lagniappe, from Spanish la ñapa, a variant of yapa (“small gift or additional quantity given to a valued customer”), from Quechua yapa (“addition, increase, supplement; lagniappe”), yapay (“addition; sum”).
Did anyone catch the email address he said to get information on book publishing through Bigger Pockets?
Man Kobe talked about that (what was mentioned between 31:00 - 32:00) about you putting in work and as the years go on you get better and separate yourself further in progression. And Good habits too! Getting up early and working on your craft everyday and separating yourself from the competition.
Brad has a show called Man Overseas Podcast. He has some awesome thoughts on Kobe (starts around 37:20) podcasts.apple.com/us/podcast/owning-vs-renting-kobes-greatness-leadership-lessons/id1457279813?i=1000465200389
What cash on cash return be for below?
139000 with 20% (27980)down and
Principal and Interest(5%)$601
Insurance $75
Taxes $344
Utilities paid by tenant
great podcast
It's nice to hear about apps that aren't YNAB for tracking expenses. I couldn't get the hang of using YNAB, and it never clicked for me. Don't see the point in paying for a subscription that is supposed to help me save money, especially when I can't really get enthusiastic about it.
I really like his approach and Thach’s.
My plan is to do the stack Method through 5 properties. And do my best to have them paid off by the time I’m 45. (Or before).
Good luck with it!
Speaking of books, I'm listening through David's long distance real estate investing right now! You get two free book credits permanently when you sign up for Audible, so I picked this one.
Ditronus I love Audible! He’s smart to not only hold real estate but also hold dividend stocks in his asset pool. Diversification! I make a lot of passive income videos on my channel about these.
@@KenRobinsonchannel I'll check it out, thanks!
54:08 Jorda et al.'s paper "The Rate of Return on Everything: 1870-2015" did. Real estate has 1.5x the Sharpe ratio of stocks on a nominal basis, and 3x on a real basis.
Can I be a part time agent? Engineering is my full time job and it doesn’t make sense to quite that
does he only invest where he lives or did he invest out of state?
Is this kind of strategy realistic for someone that lives in Vancouver BC Canada where apartments are 300-450+ K? I'm thinking of looking elsewhere to invest as living here is expensive enough. Maybe have to look outwards for houses and units for 100K~. Any thoughts from BP?
They have a ton of other episodes that go over this topic. Try episode 257.
Within driving distance I'm sure there are properties but you will not get that anywhere near major population centers on the coast
Good and realistic and relatable unlike some of the nonsense from Graham Stephan and Kevin and Grant Cordones...
100%
You need a my beard barber app!captain caveman!
Haha!!
what kind of headset does your guest have
The guy said after I have been through this, nobody can ?? With me?
Toshl?
Louisiana has 10 days
Anyone else think he kind of looks like Fisher Stevens?
Agreed, but beware of his oversimplified "accounting" which ignored most operating expenses other than taxes, insurance and HOA fees! There are still about 40% of gross rent MORE expenses of operating a rental property! (i.e., Vacancy, Management, Maintenance and CapEx). These types of oversimplified and therefore misleading stories set people up for failure by underestimating realistic operating expenses.
Generally, yes, BUT Pay attention to the specific details in this interview though. Having only FIVE properties allows him to eliminate management expense managing those 5 himself. Buying ONLY built 2006 and newer like he said drops cap ex, as does solid investment in the rehab, bringing to top condition and keeping it there by catching things early being very hands-on--again only 5. The power of simplicity.
And not having houses in popular areas helped with those housing prices
Bp
The $30,000 millionaire 🤣
Im sorry I couldn't hear you or the guest over that beard.
So glad that changed some of that awful music and lead-in tracks too
Please stop taking the Lord's name in vain and also how hard is it to bleep out bad language? Or put a rating on your videos? I can't have this play around my kids which sucks.
Bp
Bp