Creating a Lifestyle Business Through Real Estate Investing

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

 

[32:20 - 34:32] Closing Segment

• Connect with Brian through the links below

• Final words

 

 

Quotes:

 

"If you have enough rental properties, you could potentially not work anymore. The rental income could cover your living expenses." - Brian Davis

 

"You don't actually need to be financially independent. You don't have to be able to cover a hundred percent of your living expenses with passive income in order to start living your ideal lifestyle." - Brian Davis

 

 

Connect with Brian through Facebook, Twitter, or visit http