The Benefits of Being a “Slowmad,” Turnkey Real Estate Investing for Travelers, and Advice From 10 Years as a Nomad With Matt Bowles From The Maverick Show
Jul 23, 2024
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Entrepreneur and 10-year nomad, Matt Bowles, discusses balancing life pillars, immersing in local experiences, remote business models, turnkey real estate investing, and minimalist travel. Topics include dating while traveling, benefits of a nomadic lifestyle, and the financial sustainability of remote work and entrepreneurship.
Balancing 'life pillars' is crucial for a nomadic lifestyle.
Immersing in local experiences outside the expat bubble is valuable.
Establishing a remote real estate brokerage requires strategic planning.
Remote investors can effectively conduct due diligence with professional assistance.
Favorable real estate markets like Cleveland and St. Louis offer profitable opportunities.
Deep dives
Cabin Culture and Airbnb Hosting in Norway
The cabin culture in Norway, with various levels of rustic and modern cabins, offers an opportunity for extra income through Airbnb hosting. By utilizing Airbnb, individuals can maintain their cabins, generate income, and have flexible use of the property. This trend showcases a smart approach to property management and income generation.
Immersive Travels in Africa and Local Experiences
Traveling to Africa, particularly Uganda, offers immersive experiences by engaging with local communities and exploring authentic music scenes such as Afro beats. By connecting with locals and engaging in local activities like music events and clubs, travelers can delve deeper into the culture and essence of a place, gaining unique insights and memorable adventures.
Creating Lifestyle Freedom and Remote Work Opportunities
Guest Matt Bowles, a seasoned nomad, shares insights on designing a lifestyle for flexibility and travel freedom. With expertise in real estate investing and remote work, he highlights the potential for digital nomadism and long-term travel. Topics such as minimalism, dating on the road, and remote business strategies are explored, offering valuable advice for creating a location-independent lifestyle.
Building Remote Real Estate Investment Business
Matt Bowles details the strategic framework behind establishing a remote real estate brokerage, emphasizing the importance of identifying geographically restrictive aspects and building scalable operations. By leveraging local partners for property management and acquisitions, investors can remotely access turnkey real estate markets like Cleveland, St. Louis, Indianapolis, and Kansas City, maximizing investment opportunities in cost-effective markets.
Researching and Due Diligence in Remote Real Estate Investing
Remote investors in real estate markets can conduct due diligence effectively by hiring professionals for property inspections, appraisals, and management. Engaging third-party experts and leveraging online resources for market research and property evaluations enable independent investors to make informed decisions and successfully navigate remote real estate investments.
Top Real Estate Markets for Independent Investors
Recommended real estate investment markets like Cleveland, St. Louis, Indianapolis, and Kansas City offer favorable price-to-rent ratios and opportunities for remote investment. These markets, located in the Midwestern United States, provide accessible entry points for investors seeking profitable turnkey properties and long-term income generation, making them attractive options for independent investors.
Research Resources for Real Estate Investing
Key resources for researching real estate investments include professional home inspectors, appraisers, and property management companies in target markets. Online platforms and databases, alongside expert recommendations, provide valuable insights into market trends, property evaluations, and investment opportunities, empowering independent investors to make informed decisions and establish successful remote real estate portfolios.
Utilizing Resources for Real Estate Investments
Utilize resources like Rent Range to determine fair market rents, vacancy rates, and rent trends before buying a property. Resources like Rent Range provide essential data to ensure that the rent charged aligns with the current market rates, allowing for informed investment decisions.
The Hidden Perk of Nomad Life: Quality Time with Family and Friends
Being a nomad offers the unique advantage of spending extended periods with loved ones while traveling. The ability to visit and surprise family and friends, provide support during challenging times, and create lasting memories is a significant benefit of the nomadic lifestyle.
Do you want to create a life or business that allows for freedom and flexibility?
Matt Bowles is the host of The Maverick Show podcast, where he travels the world full-time to find the most fascinating people on the planet, draw out stories of their most epic adventures, and unpack the skills, tactics, and strategies they use to build their remote businesses and design their lifestyles.
As an entrepreneur and 10-year nomad, Matt shares his insight into decision-making and prioritizing as a digital nomad, his methodology for building a remote business from traditionally location-dependent models, and his process for creating a business from scratch. Matt is also an expert on turnkey real estate investing, and he shares how this could be a viable option for you as a traveler. This episode will give you plenty of insights into life on the road (even dating!) and building a business around your lifestyle.
What insights from Matt will you take into your business? I'd love to hear your thoughts, and I hope you’ll share them by sending me an audio message.
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Tune In To Learn:
How moving around as a kid prepared him for a nomadic lifestyle in some ways
Why it’s important to balance your “life pillars” with this lifestyle
The value in getting out of the expat bubble and immersing in local experiences
What it means to be a maverick
Matt’s remote business model and how to run location-based businesses while traveling
What Matt would do if he were starting a new business from scratch
Insights on how to find and run profitable real estate investments remotely
Why minimalist packing is one of the most liberating things he’s ever done in his life
How dating as a nomad can be one of the best forms of cultural immersion
