Creating a Lifestyle Business Through Real Estate Investing – Episode #428
Aug 3, 2023
Creating a Lifestyle Business Through Real Estate Investing – Episode #428
My guest today is Brian Davis from SparkRental. He is a real estate investor, personal finance writer, and founder of SparkRental, with over two decades in the real estate and finance industries.
Brian has written for many publications, including Inman, US News, and BiggerPockets. He loves showing others how they can create their ideal lives through real estate investing and lifestyle design.
You will also learn about SparkRental's free landlord software tool, calculators, interactive maps, and more. There is a wealth of information on their site.
[00:01 – 07:31] Opening Segment
Introducing Brian to the show
He realized that if he had enough rental properties, he could potentially not work anymore
How Brian got introduced to real estate
[07:32 – 14:06] From Buy-Renovate-Rent-Refinance to Investing Abroad
Brian's first investing strategy was to buy, renovate, rent, refinance, and repeat
Lower-end properties have hidden costs, such as higher turnover rates and more abuse of the property
Investing club invests in different states, cities, sponsors, and types of property for diversification
[14:07 – 23:07] Investing with a Professional Commercial Real Estate Investor
To replace income, one needs to calculate their investable net worth, savings rate, and fire ratio every month
Financial independence does not mean one has to cover 100% of living expenses with passive income
A combination of a stable job with good benefits and being self-employed can work well together
[23:08 – 32:19] Overcoming Language Barriers and Building a Global Business
Living in UAE is bilingual in English and Arabic, making the language barrier a non-issue
SparkRental offers a real estate investment club, property management software, and education
Earning income from anywhere in the world can be done through remote jobs or online business
Learn more about this podcast oniTunes, or Stitcher.
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