- Rethink the Rat Race

How Can We Help You?

Featured On

Articles

Podcasts

We're Cooler on Social Media

rethinktheratrace

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

Sometimes our life looks extravagant like this picture of us on our Eurotrip in France 🇫🇷

Other times we’re doing a live-in renovation and don’t have a kitchen for a month 😅

What’s crazy is that the unglamorous parts are what funds the amazing lifestyle that we have 🛠

Putting in the work and consistently making progress is much more reliable and replicable than some get-rich-quick scheme that only works for a few people for a few months 📅

You can plan for tomorrow, but you need to start today ⏳

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

We launched our newest Airbnb ‘Funky Flora’ at the beginning of May 🎉

During that month we had 5 bookings and 1 cancellation 🚫

That equaled 15 nights booked & 16 nights vacant, which we were happy with since we just launched it 📆

Here’s the breakdown:
Income - $1,433.16 📈

Total Expenses - $526.01 📉
-Cleaning: $240 🧹
-HOA: $113 🏢
-Internet: $75 💻
-Insurance: $42 👨🏼‍⚖️
-Utilities: $41.13 💡
-Misc: $14.88 🍊

Net: $907.15 🤑

You may notice that we’re missing a mortgage. That’s because we bought this place with cash. We don’t know the exact tax amount yet, but we are setting aside for that 🏦

We’ll continue to update you on this place monthly so you can see our real numbers as they happen! 🙋🏼‍♀️🙋🏻‍♂️

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

@jonjfarb coming in with the heat 🔥

Who else is guilty of doing this? 🙋🏼‍♀️

The same concept can be applied to so many different things 📝

From evaluating potential rental properties and never making a move, to constantly running your numbers on a spreadsheet and never feeling confident enough to retire 📊

From listening to every unsolved murder podcast and never being confident enough to get away with it 💀

Don’t get caught in the trap of analysis paralysis. Fortune favors the bold & the bold are making moves, not just learning about it 💪🏼

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

Managing short term & long term real estate remotely IS possible 🤳

Last year, we spent a month traveling around the Greek islands with our friends 🇬🇷

During that time, we hosted 11 guests at our 3 short term rentals and had our 8 long term rentals occupied, and we managed them completely remotely 🏠

We’ve created the systems so we can travel the world while minimizing our time & effort managing our properties ✈️

By self-managing our properties, we get to keep over $22,000/year in our pockets that would be paid toward property managers 🤔

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

House hacking is such a wealth builder and is a key reason we were able to reach financial freedom so quickly 🔑

So many people buy as much house as they can afford and drain a ton of income into a house 📉

Sure, they appreciate, but you don’t see that money until you sell and historically homes appreciate at 4% per year 📊

That’s less than historic stock market returns and less than real estate investment returns 🏠

Instead of spending all your disposable income, you could be saving huge amounts 💰

If Ginny only invests what she’s saving compared to Gary, and not a penny more, she’ll be a millionaire in less than 14 years 🤑

👉🏼 Follow @rethinktheratrace for more tips o

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼

Our friend @codydberman said it best 🗣

One of our favorite things about traveling is that it can humble you and make you appreciate what you have 😊

On the other hand, traveling can also motivate you to reach different goals and make changes in your life 🥇

We’ve been to at least 20 countries each, and with each new country, our love for traveling and appreciation for what we have grows even more 🛫

Load More Follow on Instagram