#265 - Is Real Estate Investing a Better Option Than College? - Steven Rich

Living Off Rentals

Is college the best path to financial success, or is there another way?

In this episode, Steven Rich shares his bold decision to drop out of his mechanical engineering program and dive headfirst into real estate investing.

Now, he is the owner of 50 service accommodation rooms with bookings across several online travel agency (OTA) platforms like Airbnb and Booking.com.

Steven reveals the experiences, lessons, risks, and rewards of building a real estate business instead of following the traditional college route.

Tune in to hear his story, and enjoy the show!

Key Takeaways:

[00:00] Introducing Steven Rich and his background

[02:57] His decision to leave college

[07:28] The worst-case scenario of leaving your full-time job or college degree

[11:14] Risky move to own a 22-room hotel

[23:05] Time frame between purchasing the property and start taking bookings

[31:38] Optimizing on- and off-seasons in property bookings

[41:54] FAIL: First Attempt In Learning

[49:20] Outro

Guest Links:

Follow Steven on Instagram: https://www.instagram.com/steven_rich_property/

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals