Escaping the “Grind” with Van Life and 3 Rental Properties

Escaping the “Grind” with Van Life and 3 Rental Properties

Van life, a few rental properties, what more does someone need? If you’re trying to escape the grind, like today’s guest, this rough-and-ready formula could be the perfect antidote for a financially-constrained life. Tony Clark, today’s guest, identified and assessed his limits to determine his starting point. And now, he has three rental units, including a duplex in Nashville and a house in California.

Tony’s real estate investing journey started when he realized how expensive life is. After college, he worked at a church making decent money, but after dating his now wife, he realized that wasn’t enough to support a family. He turned to real estate to escape the grind and ensure he wouldn’t have to work crazy hours to live the life of his dreams. Once he recognized that he needed to buy an asset someone would want, he bought a transit van to rent out. From this purchase alone, he started his journey to pursue passive income.

From his experience with the transit van, he transitioned to real estate seamlessly. After identifying his limiting factors, he settled on Nashville—where he could enjoy living and where the numbers made sense. He’s also been able to build a team and even start a property management company. Tony is now much closer to his ultimate goal of buying better properties with great tenants, spending less time working and more time building his empire!

00:00 Intro
04:26 Using Real Estate to Escape the Grind
11:26 From a Sprinter Van to Investing
21:15 Setting Your Investment Criteria
24:13 Building a Team
29:47 Living in a Trailer
31:37 His Plans for Growth
37:53 Rookie Deal Review
46:13 Rookie Request Line
50:08 Rookie Exam
53:22 Rookie Rockstar

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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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4 Key Ways to Build Wealth in Real Estate:

4 Key Ways to Build Wealth in Real Estate

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How to Scale Your Business Successfully:

The Simplest Way to Successfully Scale Your Business

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Read “Good to Great” by Jim Collins:

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Follow Tony’s Journey on Social Media:
Instagram: @tonyclark.realestate or https://www.instagram.com/tonyclark.realestate/
Tiktok: @tonyclark.realestate or https://www.tiktok.com/@tonyclark.realestate?_t=8WEQUE9BI7y&_r=1
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Connect with Tony Clark on BiggerPockets:
https://www.biggerpockets.com/users/tonyc252?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 245

Show notes at: https://www.biggerpockets.com/blog/rookie-245?utm_source=youtube&utm_medium=description&utm_campaign=none

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