There are many ways to fund your nest egg. You could outright save, or you could invest in index funds, rental properties, or short-term rentals like today’s guest, Charlotte from Charlotte. Working as a teacher in one of the lowest-paid states in the US, Charlotte was able to fully replace her teacher’s salary by operating a single short-term rental cabin in Western North Carolina.
When she discovered the FIRE Movement only a year ago, she knew that intelligent investments like this could fund the globetrotting adventures she and her husband had plans for. But, with her husband four years away from securing his government pension, Charlotte wants to be absolutely sure that her short-term rentals will be pulling the fiscal weight of word travel when he steps away from his job.
Charlotte may be a rookie in the terms of real estate investing, but she’s far from it when it comes to taking actionable steps to ensure phenomenal returns. She’ll be hitting a 100% cash-on-cash return with her newest rental addition! If you have dreams of early retirement through real estate, follow Charlotte’s lead by planning, executing, and financing to FI!
Mindy:
Welcome to the BiggerPockets Money podcast show number 256, Finance Friday edition, where we interview Charlotte from Charlotte and talk about funding, a slow travel early retirement with short term rentals.
Charlotte:
I found FIRE just one year ago. In the couple there’s always the one action taker, that’s me. I’m the person who learns all the things and takes all the steps. But because I’m such an action taker, I think I’ve gotten a little over excited and I’ve made a lot of changes this past year. I think my husband’s head is spinning. And so one of the main questions I have is, now that you have our full picture, am I on the right path?
Mindy:
Hello, hello, hello. My name is Mindy Jensen, and with me today is my explosive growth co-host Scott Trench.
Scott:
All right. Well, happy to be here with my…