Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Colin Thompson
  • New to Real Estate
  • Salt Lake City, UT
3
Votes |
7
Posts

Newbie looking for MFR - Travelling and Living Vanlife :)

Colin Thompson
  • New to Real Estate
  • Salt Lake City, UT
Posted

Hi All! My name is Colin and I'm stoked to be here.

About me: I'm 34 and I live/travel in a van. It's basically a tiny home on wheels. I worked for the same construction company as a project manager for 11 years. Great career, but I burnt myself out. So, I adopted a minimalist lifestyle, saved as much money as I possibly could and quit my job to build a camper and see the country. My girlfriend travels with me, and we are having a blast seeing all the National Parks. We like to rock climb, hike and mountain bike. When I'm feeling arrogant, I tell people that I'm retired. In reality this lifestyle is an experiment in sustainable minimalism. 

My GOAL: Buy a multi family rental to secure "passive" income that will allow me to continue to live a minimalist lifestyle and live my dream. 

The Plan: I have about $300k for a down payment. I am currently trying to identify a market to begin looking at properties and building a team. Some potential locations include Provo UT, Indianapolis, Kansas City, Phoenix, Texas, and Boise. 

The Strategy: Buy, Improve, Rent and Hold. I am going to self manage everything I can while still living a mobile lifestyle. I can be present for anything planned, and will have to outsource any emergencies. 

Looking forward to learning more from the BP experts and contributing what I can. Cheers!

Here is some eye candy for ya (my house).

  • Colin Thompson
  • Most Popular Reply

    User Stats

    13,926
    Posts
    12,725
    Votes
    Replied

    If you think building vans is a ton of work you are going to find real estate investing a real eye opener. Thinking that start a real estate investing business is going to allow you the freedom to continue your present life style could not be farther from the truth.  Long hard hours, extreme stress and commitment to achieving success will put a end to any thoughts of travel for a very long time. No one can start a successful business without being present to oversee it. Real estate investing is not passive and can not be built from nothing without commitment.

    Put your money in a REIT if you want to maintain your hippy lifestyle and continue smoking the good stuff.

    Loading replies...