"Bite-Sized Steps" to Go from Broke to $20,000/Month with Bryce Stewart | BiggerPockets Podcast 442
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- Опубликовано: 4 авг 2024
- www.biggerpockets.com/show442
0:00 BiggerPockets Podcast Intro
0:25 Pre-show with Brandon and David
2:39 Quick Tip
3:50 Interview with Bryce Stewart
6:42 Driving through the fog
19:27 Mentoring a new investor
36:37 Recent Years
51:36 Real estate song (must listen)
59:30 Answers for people getting started
1:17:59 Famous Four
1:22:42 Video recommendations
Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.
Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.
Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.
As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.
Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.
Check the full show notes here: www.biggerpockets.com/show442
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This was my middle school science teacher! Great to see his growth!
Richard! What's up? Are you still in the WWRE ecosystem?
@@brycestewart4240 on the additional insured thing... Is that just for their general insurance based on that address of mine they're working on?
@@brycestewart4240 Hey! I'm working full time in commercial real estate at CBRE now and running my own rentals/short term management business. Let's connect!
@@elyl78 Soooo.....my attorney tells me to say that "I've heard but cannot confirm that...you should check with your agent, AND You should be listed as additional insured by the contractor's insurer. OR, they should sign a workers comp waiver form if they aren't carrying their own insurance. That way, it's not like they are your under-the-table de facto employee, who should have been covered by worker's compensation insurance before entering your worksite." No guarantees, consult your own attorney, etc.
He looks young.
I'm on the brink of an emotional breakdown because I feel like I'm at a crossroads in my life. This video is just what I needed.
me too!
Breathe deeply. Do what is free and low-risk first. Shop home insurance rates. If you own a home, see if you can refinance. Start looking for things that put more money in your pocket every month but don't add chores.
Hang in there 💜
Persistence. Put your DAMN foot on the gas pedal and KEEP GOING mama!! YOU GOT THIS!!!!!!!!!
Same! But we got this! It's a sign for us to jump to our futures!
YES, teach me Real Estate like I'm a sixth grader! More like this please!
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This guy is very very good at explaining things lol
love your tutorials man lol
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@x glad someone beat me to it
I agree he dumbed it down soo well 👌🏽
Just a scammer.
You can tell he was a teacher and he's great at teaching the step by step. Love this! Great podcast! :)
Yes! Breaking it all the way down. So great!
I was just thinking that myself so true
He also justified how I’ve 🐌 snail invested one tiny step at a time. I’m guilty of feeling accomplished that I located a document and left it in the printer 🖨 😂. Glad it’s not just me!
Thanks for engaging! If you're going to sacrifice your time listening to words coming out of my mouth, I hope I can deliver at least some value. For the record, robust disagreement/alternate paths to a successful outcome are also welcomed!
@@traceyvalle6405 Some days, that's all you can manage - right? Tomorrow, fill in the "name" and "address" sections.
Bryce is hands down my favorite guest on this podcast. I shared his first episode with a teacher I know. Bryce’s story inspired this teacher to begin his trek into REI. Thanks for being so transparent, Bryce!
Cool! See you on BP!!!
@@brycestewart4240 ur story’s awesome man
yeah, i just fell for him. periodt.
I agree, he is my favorite guest.
IN YNAB's defense - it's not $50 per month. It's like $89 PER YEAR!!! It USED TO BE $50 per year. It's gone up. Still WAAAAAy worth it.
27:28 Blank agreement of sale...one of my new tasks...I love the analogy on vacuuming your truck.
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I remember Bryce from the first interview. The truck analogy did stick out at the time! He's clearly a teacher at heart. What inspires me the most is that he is so successful but possesses charming humility and maintains a strong moral compass.
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Just downloaded the AOS for California! Going to study the document and go from there. I think watching this Podcast was my "vacuuming my truck" moment. Thanks!
Well? Did you get it done?
Where are you in CA x
4th graders will ask for help. But adults seem to "lose" that ability as they get older. Perhaps it's because we've been programmed not to act "dumb" and not to ask "dumb questions". This indeed limits us and prevents real growth in us as investors (or would-be investors).
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So true, I find that admitting my ignorance of something is often met with a condescending attitude
I grew up in a house where I was yelled at if I did an automatically understand things 🥺 I hate asking for help
Sold two of my sports cars to own two rental properties. I hope to retire at age 35. that is the dream
Love this guy ! no wonder he used to be a teacher, he's so good at explaining things and keeping your attention locked without draining your energy. This must be my favorite episode.
I 100% relate to this guy. Download and print off a form and be left mentally exhausted for 3 days.
I swear by all that is Holy, I will never, EVER, forget "Worker's Comp Waiver Form"
Ha! I took a chance - thought "This might be stupid." Then I thought, "yeah, but there are lots of forgettable podcasts. Not mine!"
One of my favorite episodes to date! Why, he's as plain Jim as they come...it's just real.
This. Was. Amazing!!!! Great metaphors for learning, helpful to understand you can grow as much as you are willing to work, pushes you practically, I could go on and on! I need to listen to this three more times because it was so immensely helpful!
This podcast was great! Stewart is an amazing teacher. And he teaches concepts that other investors have forgotten they learned! Thank you for this!
Bryce is Gold!! What he says to do to get started is just what I needed. He's a great teacher. I've done training. It's about breaking what you want down, into little understandable steps along the way. It helps to build confidence. That's what Bryce does. When he busted out the guitar, I was sold. What a great person to have as a mentor. Will purchase his book. You can have Bryce on anytime.
This was super informative! Bryce’s teaching style is awesome and I will definitely utilize these teachings in my REI journey to financial freedom! Thanks BP!!! ❤️
Great episode! I went back and listened to Bryce’s first episode and then listened to both again alongside my husband. We’re about to list our first live-in flip and grab a dilapidated triplex to hold. Such an exciting journey (and I’ve been painting the house today so can totally relate to the hustle of juggling everything).
NICE! When I used to do my own painting, I would listen to Jim Rohn videos. That's gasoline for the tank, baby!
That's great news Kristin. Which city state is this in? Where I live, its very expensive in South Florida
He is a teacher at heart. He said so many things that resonated with me and had me thinking about so much
This is the first podcast I have seen from you guys, and if the others are anything like it, I’ll watch them all at least twice😈
Such a good episode. Bryce laid our investing tactics like the teacher he is! So well outlined and easy to understand for new investors.
This is my favorite episode so far. Thank you guys!!
Jose, thanks! Mine too.
I love the purchase agreement tip. It really is great and having a full understanding of it will truly help later on. Thank you!
One of the best BP podcasts out there in my opinion. Such great, practical advice for the little guy. Thank you so much, I feel like I have much more direction to start working on my business
I can’t thank the guest for this interview anymore. This was really timely for my life! I am coming upon roadblock after roadblock. What I desire seems so difficult but once I take it one step at a time, take a beat and then pray, I find myself being less overwhelmed.
Thanks for listening. If someone takes time out of their day to listen, I believe they deserve to get some value!
27:30 I NEED THIS GUY AS A MENTOR! I will pay for your time!!
Good information, thank you for explaining so much of this business & your testimony of the problems you incurred.
I really enjoy Bryce’s breakdown and humbleness/humility that so many of us feel the same way about. This episode really grabbed my attention, great lessons
Great podcast! Everytime i learn something new when I watch these podcasts. Thank you!
Glad you learned something from it!
This was a really good podcast, thanks Bryce for sharing your experience. I really want to start doing the same and this podcast puts me in the right direction. I’m from Allentown and is good to see someone from the area doing it!!
One of the best interviews I've heard, definitely worth the listen!
Thanks Jay 303! The book is worth it, too! House Hacker's Guide to the Galaxy.
@@brycestewart4240 Just finished the book and let me tell you.
Your story is beyond inspirational! I've read a few real estate and business books this year yet, none have inspired me to take action.
House Hackers Guide to the Galaxy is a Great read!!
Can not wait for a part 2.
P.S. for part 2 can we get some nerdy number crunching examples.
This is an amazing conversation. Bryce, Thank you for all the good nuggets! It feels good to be a capital "I" Investor!
I haven't moved forward with my investment goals and this is just the video I needed. Now I need to go find an Agreement of Sale....
I love how he helps us beginners to really understand how to start. Thank you 🙏🏼
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Great podcast guest with tons of nuggets to make you rethink how you go about investing in real estate. Sound advice through and through!!
Fantastically Simple! The Best Podcast ever, IMO, regarding taking action in Real Estate Investing. I feel empowered by Bryce's humble vulnerability and "dumbed down" way of explaining how to break down my years of research into manageable, bite sized steps of ACTION.
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I love his humble teaching way of explaining everything and the song makes it all stick. ☀️
This is exactly what I needed. It needs to be this dumbed down, it really helps.
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Such a fun memorable episode. Lots of value. And the SONG!!!! Made my day
Thanks Jonathan! I seriously considered NOT pulling out a guitar and singing. Then I thought..."it might end up looking stupid, but...there are PLENTY of forgettable podcasts out there."
Awesome interview and excellent advice.
Wow this was an amazing interview. 👏
Thanks Michael! Go take action!
Really liked the way he explains it in tiny baby steps to get going!
Baby Steps. After a while, like a baby, you can begin running faster.
This is an amazing podcast! Please share whatever your guests think is stupid because that's the questions on everyone's mind! Total good learning experience!
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THISSSSSSS OMG I thought it was just me and I beat myself up every single day over being STUCK not knowing what to do. This man is describing my current system. This video was my step dayum one.
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This is everyone who starts. This was me 10 months ago when I was first getting started
5 star interview. So many nuggets. Love it.
This episode is prefect for a new investor. Thanks for teaching at the elementary level.
I enjoyed this podcast. Bought Bryce's book. Looking forward to the read. Thanks for the info.
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I love the idea of reading an agreement 10 times. I'm experienced and I'm going to do that. I'm sure I'll learn something.
Nice! Can't hurt. Teachers beginners what they are actually doing/negotiating when they offer.
What an wonderful podcast! I have ordered the book.
Thank you Biggetpockets !!
So true about the paper sitting there! I have some self storage units going to auction, I dread it so much that the papers have been sitting by my printer for over a week. Today I realized I just need to get them started, and as usual it ended up being much less time and easier than the anticipated dread makes it seem. Thanks for the worker's comp tip! I have a friend getting on my facility's roof later this week, working on getting that form now
Awesome. Don't you ever forget it!
This man is so down to earth personable. Great cast.
What a great perspective with the truck vaccuum and the 5 minute tasks. Thank you!
Awesome job , I found more value and knowledge in this podcast than most other investment you tubers👍
Oh my God, Love Bryce's fundamental explanations! Bryce must have been the best 6th grade teacher ever, Thank you!
Definitely the heart of a teacher! Great episode.
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Great distinction between who owns the property and who owns the loan. Needed to hear that! Thank you!!
you can tell this guy is a teacher! a great one too! long her explaining! very real person
Great podcast. Valuable sharing. TQ.
Thanks Ian.
Brice is the man , glad he did another show !
Thanks! It was fun!
15 minutes in & I’m glad I watched👏🏾👏🏾💯
Thanks! Go find something small to move your journey forward. Rinse, lather, repeat.
@@brycestewart4240 Yes sir, on the move!
Thanks Brandon TOP Real estate Investor,
David Green and Bigger Pockets for yet another great interview. I really like Bryce, humble and intelligent demeanor. Thanks 🎖🎖🎖
Thanks! My hope is that everyone could get at least a small piece of usable info. At the same time, I'm open to robust argument and alternate paths toward successful outcomes.
I want to like this one several times, it's very informative!
Great interview with Bryce!
Thanks man!
Fantastic gems of knowledge!
Thanks Jeni!
One of the best interviews on the podcast 👌
Bryce the way you speak is definitely like a teacher. Good teachers make everything digestible in bite sized pieces. I'm a teacher myself, and I often find myself frozen in inaction because everything is so different. We're trying to buy our first investment home and I feel like even though we've watched so many BP videos that we barely know what we're doing. It's scary but we're trying.
One of the better episodes I have seen for Newbies. I think the step by step demonstration went a far way. I think you guys can have a section of the show where you ask a guest to walk (baby steps) us through how they overcame an obstacle just the way how he did it here. Probably can use that instead of the “deal deep dive” just a suggestion
This guy is gold. Great show
Thanks Jillian!
By far one of my favorite guests
Thanks for this Bryce! This is what I need; that foundational knowledge, and potentially somebody to teach me when it's appropriate to use a semicolon. I realize not every podcast should target those who are just beginning, but I'd love to see more of them.
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Thank you for breaking this down ⭐
I live in Phillipsburg, NJ
The Lehigh Valley area is amazing. Always something to do.
I’m only up to the song and this guy is amazing.
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I so relate to this. ive learned to take baby steps...and it has paid off.
Great podcast heard it the first time he was on thank you?
What an awesome show ! Thank you
Great video! 👏🏼🎬
We need more people and videos like this 🤯
I live right there in the area. I was born and raised in Bethlehem. I can attest to what he is saying about the market being ridiculous.
A lot of New Yorkers and New Jersians anre moving in. Rents and property values are skyrocketing.
I still love my city and I am looking forward to beginning investing in the next few years.
Awesome podcast guys!!
One of the best podcasts on bigger pockets.
This is one of the BEST interviews on this channel! Thank you!
43:06. I love his approach. Good head on the shoulders
It felt scary at the time!
Great episode. Clear. And foundational
Outstanding information and entertaining
Raul - thanks! My book has great advice, too. House Hacker's Guide to the Galaxy.
Man I’m sure David enjoyed listening to this episode as much as me! Haha but great podcast! Love the show
Logan - right? He was totally straightfaced the entire time. Barely a smile!
This guy perfectly outlines why almost all business and commerce is not especially complicated just task intensive. Which plays perfectly into the pockets of those who take action.
Mike - right?
Stupid Me: "I don't know what I'm supposed to do next...so I'm not going to do anything."
Smart Me: "There are actually 5 small, free steps you can do Right Now. Their website has 'forms' and FAQ's - did you even read those?"
Stupid Me: "No...but it's 8:15 at night - after business hours. I won't be able to get the answer to my questions."
Smart Me: "Send an email and leave a voicemail. It will be in their Inbox when they arrive at work tomorrow. Plus, their number will be in your phone, so you won't have to look it up again to call back, tomorrow at 9am while you're driving."
Stupid Me: "They're going to think I'm stupid."
Smart Me: "So you're stupid. Who cares what they think? You only need a form/directions/appointment/information from them."
The song LOL love it!
Such a good podcast! I’ve been listening and trying to learn the ropes. Downloading the agreement of sale is the best “starter advice” I’ve been a personal trainer for years and always try and get my clients to start with learning the fundamentals. Everything build s off of that. This is so helpful. Thank you Bryce
Thanks Rocky! Good name for a trainer.
I love REAL teachers...They humble their own intelligence to transfer knowledge to you. Beautiful! Thank you!
Teachers are heroes! Especially in this environment. I loved many aspects of teaching, and hold only warm feelings toward all of my past colleagues and students. Reminder: IT IS COMPLETELY FREE TO CONTACT YOUR CHILD'S TEACHER AND ENCOURAGE THEM, THANK THEM, SUPPORT THEM. Seriously. Even if you don't like them or are disappointed with their consistency or ability - it still costs nothing to reach out positively; there's only upside.
GREAT Interview and thank you for taking the time to clarify the key points.
Q & A Segment Title: How would you Respond?
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this is great content
The Newbie tip of the week! Impart some investors wisdom... Getting it done like a pro..
Thanks!
I LOVE HOW HE DUMB IT DOWN FOR US!
THIS.....THIS is the way you guys should teach folks about real estate. I love BiggerPockets but you assume too much about folks who are trying to learn what you are trying to teach them. Great podcast.
Thanks, Kevin! You wouldn't believe how many conversations I STILL begin by saying "ok, I'm not very smart - so you're probably going to have to repeat everything twice for me to understand it." My other go-to is "I heard the words you just said...can I clarify out loud, back to you, to make sure I understood?"
@@brycestewart4240 I'm married to a Superhero (a teacher) and she has to dumb things down for me as well. I total appreciate your manor of thinking. Thanks for the reply. It's almost like getting a retweet. :)
Great content
This dude Bryce explains concepts very well. Great storytelling as well.
Yes, baby steps ...micro goals for big achievements.
Find one each day, no matter how insanely small it is.
This is also great advice if you are moving to an area with high property taxes. I did this when I moved to my township and got my taxes decreased by $4000