Today on episode 27 we are taking a deeper dive on real estate investing with climbers Tien and Brandon Rooney of Five Twelve Real Estate. This couple shares a very intriguing history, spanning from college athletics to corporate world wake-up calls, the latter of which inspired them to uproot their lives and teach and travel throughout Asia.

Eventually, looking to rekindle the youthful days of travel and freedom, Tien and Brandon turned to real estate investment as a way to fast-track their path to financial independence. They even moved into a van full-time to further optimize their financial journey.

We carefully examine the many methods of real estate investment, including some key tips for first-time home buyers. Find out if this path is for you!

 

Topics Discussed with Tien and Brandon Rooney

• The wide variety of real estate tactics and methods, from simplest to most complex
• Tien and Brandon’s motivation for pursuing real estate investment in their 20s
• Real estate vs stock market investing
• Property evaluation and tactics: how to choose the right property for your goals
• What is the 1% Rule and is it still viable in today’s HOT real estate market?
• How many properties are needed to achieve financial independence, and how long should they be held?
• The mentality of high debt loads
• Leveraging van life to maximize investment potential
• How to break even and save on van expenses
• How to make your personal home an investment
• First-time home buyer tips
• The time and effort of real estate investment and tenant management. Is this path for you??
• So much more!

 

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Get in Touch with Tien and Brandon Rooney

Tien and Brandon Rooney on Instagram

BiggerPockets Money Podcast 231: ‘On the Road’ to FIRE: The Massive Financial Benefits of Van Living

Bigger Pockets Profile: Tien and Brandon Rooney

 

Real Estate Resources

Bigger Pockets Rental Property Calculator

 

Clipping Chains Related Posts and Podcasts

EP 23: Erik Jenson: Real Estate Investing with Training Wheels

Van Life: The Economics and Trade-Offs

Shocking Headlines of the 2008 Financial Crisis (And Why They Are So Important Now)

Should I Buy a Home? Part 1

Should I Buy a Home? Part 2: Opportunity Cost

Relocation: A Guide to Moving and Housing Affordability

This Just In: The Real Cost of Home Ownership

And We’re Back to Home Ownership! But Why Now?

Housing Affordability: This Isn’t Normal

A list of all posts is here.

 

Books

Extreme Ownership (Jocko Willink)

Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones (James Clear)

The Power of Habit: Why We Do What We Do in Life and Business (Charles Duhigg)

First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes (Scott Trench, Mindy Jensen)

Effortless: Make It Easier to Do What Matters Most (Greg McKeown)