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How about turning something you love into a side hustle?
Brad took a one year sabbatical in 2015 after reaching FI at the age of 35. He owned 5 properties and had a strong work ethic, but decided to take a break when he realised his income wouldn’t be increasing much more. He now tours people round Europe, has a blog, a podcast and does some real estate coaching.
You’ll love his story.
We also chat about…
- How Brad reached FI
- His career trajectory
- Where he saved his income
- His real estate strategy
- Making the decision to take a sabbatical
- His side hustle touring people through Europe
Enjoy this chat with Brad, and please subscribe to us in iTunes if you enjoyed it!
Show notes and links from today’s episode
- Blog: Man Overseas
- Brad on Twitter and Instagram
- Episode: Our FI Gap Year Travelling Across the US | Money Metagame
- Escape Houston
- Gold City Ventures
Key takeaways from our chat with Brad
If you want to get into real estate, first do it full time
Brad recommends against starting real estate part time. He says the best way to start is full time, since this forces you to be surrounded constantly by people who are closing deals. Brad started out helping friends with real estate, and learnt as much as he could. He learnt to remove his emotions from the process and put up with clients. This is what gave him the opportunity to purchase 5 properties and for his passive income to exceed his expenses.
Doing the work upfront pays off
It’s true that being a landlord can be quite a lot of work, especially if you have difficult tenants. However, Brad explains that the upfront hard work pays off in the end. By making an upfront effort, you ensure that the property will provide for you in the future, which in turns make it more successful. Brad vets his tenants like he would an assistant – he checks previous landlords, income, he interviews them, check their debt and anything he deems necessary to make sure he gets the right tenants.
Turn your trips into a business
After his 1 year sabbatical travelling around the world, a friend gave him advice to tour people through certain parts of Europe. Brad does several trips per year, books everything for the clients and tours them through the cities. It allows him to use his communication skills and gives the clients a personalised and comfortable trip. It’s very informal and all his costs are covered except his flight. A handy side hustle for those who want to travel and make money at the same time!
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