July 02, 2024

How I Bought My First Property at 21 While Working Retail Jobs 👀 | Tom Brickman

51 minutes

We're super excited to welcome Tom Brickman - The Frugal Gay’ - to this episode! A seasoned real estate investor and financial coach shares his inspiring journey from working retail jobs to building a successful real estate portfolio through frugal living and investing. Tom's journey to build a successful real estate portfolio started over 20 years ago, and he's here today to share his story of resilience and dedication from his early days working retail jobs to accumulating over 20 rental properties.

Tom discusses his early experiences buying properties in Ohio and Texas, emphasizing the importance of patience and holding onto investments long-term. Tom also offers valuable advice to aspiring investors, encouraging them to start small and learn from their mistakes.

Join us as we explore topics like house hacking, short-term rentals, and the lack of LGBTQ+ representation in personal finance. They discuss strategies for having important money conversations and reconciling financial goals with friends. Overall, this episode provides a look at practical real estate investing lessons and highlights the power of starting small and working your way up through dedication and resilience.

Things we discussed in this episode:

Tom Brickman's journey from retail jobs to real estate investing.

Tom's first property purchase - a duplex in Ohio at age 21.

House hacking and renting out units before the term existed.

Buying condos in Dallas as an affordable entry point.

Advice from older real estate agents to find overlooked properties.

Challenges of having financial conversations with friends.

Tom's experience with short-term rentals and missing items.

Jason's insurance claim process after property damage at an Airbnb.

Importance of prompt responses and decision-making in business.

Tom works as a financial coach and helps clients avoid mistakes.

Get in touch with Tom:

Website - https://thefrugalgay.com/

Facebook - https://www.facebook.com/Thefrugalgay11/

Instagram - https://www.instagram.com/thefrugalgay11

#realestatepodcast #realestate #realestateinvestor #realestatelaw #realestateagent #RealEstateInvesting #HouseHacking #FinancialIndependence #LGBTQFinance #ShortTermRentals #Airbnb #InsuranceClaims #RealEstateCoaching #StartingSmall #TheFrugalGay

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This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.

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By Airbnb Superhost Jason Muth + Rory Gill

4.9

3939 ratings