BiggerPockets Money13 Sep 2021

231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living

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!

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