On today's Threefold Real Estate Investing • A podcast on Anchor episode, we talk with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through house-hacking small multifamily properties.
Check out Bryce's newly released book detailing his incredible journey: House Hacker's Guide to the Galaxy: Use Your Home To Make Millions and Retire Early: Stewart, Bryce, Chambers, Katie: 9781736344217: Amazon.com: Books
Bryce remembers the day he realized he needed to make a major change in his life. It was the day his wife found out she was pregnant with their second child. While Bryce and his wife were thrilled to be blessed with another child, they knew this meant she would have to quit her job and they would have to rely solely on Bryce's teacher salary. Bryce knew he wasn't going to be able to provide for his family unless he increased his income. This is when he remembered talking to a coworker years earlier about the power of house-hacking.
Bryce had very little money and no experience with real estate investing. So, he took out a small loan from a family member and purchased a duplex with an FHA loan. He moved out of this duplex a couple years later and purchased a triplex right next door with another FHA loan. House-hacking apartments was not easy for Bryce's family. At one point they were living in a 2-bed apartment with 3 kids! But, the sacrifices they made produced the life of their dreams. Today, Bryce owns and manages 30+ units that bring in >$13,000 per month. He and his wife do not have W2 jobs. Instead, they are able to design their life on their own terms as they manage their MF portfolio.
Book Recommendation: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Paperback - by Michael Gerber
Prayer Request: Young Life- Bryce is the chairman of the board for this great youth ministry. Covid has been difficult for this ministry, so they could use prayers for continued funding and continued engagement from local high schoolers.
Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: email@example.com, Phone: 937-400-3044
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