For some, the goal of real estate is to make tens of millions of dollars. For others, like today’s guest, it’s a way to finance an incredible life. Today’s guest, Luke Swab, shares with us his story of designing his lifestyle through real estate and how you can do the same. Luke’s story will take you from the wild waters of Alaska to a motorcycle trip through Africa to the streets of Michigan real estate and more! Don’t miss this incredible honest, humorous, and informative episode!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
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A huge thanks as well to our Fire Round sponsor FreshBooks.
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In This Episode We Cover:
Where Luke is from
Details on his main job and career choices
How he transitioned from a "career mistake" to real estate
What is a land contract?
Why get into real estate when you have a good paying job
Thoughts on buying a house to live in
Luke's second properties and house hacking
A discussion on getting property through the MLS
How he rehabbed a property
Tips for treating your tenants well
Rental property you should avoid
How to create a "predictable portfolio"
What his current portfolio looks like
The importance of not having much debt
How to make sure your cash flow is there
The real estate investing lifestyle
How he manages his property
What a low maintenance property entails
Why BRRRR investing is hard
The worst mistake he's made
And SO much more!
Links from the Show
Brandon's Instagram
BiggerPockets Facebook
BiggerPockets Instagram
BiggerPockets Twitter
How to Make $100,000 Per Year with Fixer-Upper Rental Properties
BiggerPockets Webinar Pro Replay
DockStreetBroker
Early Retirement, Real Estate Bubbles, and Dangerous Scams with Radio/TV Star Clark Howard!
BiggerPockets Jobs
Books Mentioned in this Show
Brandon's New Book (coming really soon!)
How an Economy Grows and Why It Crashes by Peter D. Schiff
Tweetable Topics:
"People need to decide what’s important to them, time, money, relationships, whatever and go from there.” (Tweet This!)
"I can learn anything, so I can learn how to do that as well." (Tweet This!)
"If you’ve done a deal, people will look differently than if you’ve never done a deal." (Tweet This!)
Connect with Luke
Luke's BiggerPockets Profile
Luke's Blog
Luke's Instagram
Luke's Boat
View the full article: BP Podcast 150: Designing a Lifestyle-Based Real Estate Business with Luke Swab on on The BiggerPockets Blog. This content is Copyright © 2015