Bryce Garcia @BryceWGarcia Twitter profile

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Bryce Garcia

5 months

Almost booked a $174 Airbnb before it came out to $350 after taxes, cleaning, & service fees. Booked a hotel for $160 instead.

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Bryce Garcia

@BryceWGarcia

8 months

It’s time to cut back on tipping. I’m not tipping you 20% just because you took my order and did nothing else. It’s insane.

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Bryce Garcia

@BryceWGarcia

2 months

My condo association is charging $36,000 per unit for a special assessment. This is why I'll never buy in an HOA again.

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Bryce Garcia

@BryceWGarcia

3 months

My WORST financial decision: Buying a BMW. I bought a 2013 BMW 328i for $10,000. The result: • More than $10K in repairs • It constantly needs service • The problems never end I will NEVER buy a BMW ever again.

Bryce Garcia

@BryceWGarcia

11 months

BMWs are the most overrated cars of all time I will never buy one again. Complete waste of money. If you can afford a BMW you can afford a better car.

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Bryce Garcia

@BryceWGarcia

14 days

My condo's HOA voted to renovate the property. My cost? $36,000. This is why I won't buy in an HOA ever again. Other people have too much control. It's not true ownership.

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Bryce Garcia

@BryceWGarcia

2 years

90% of millionaires got their wealth from real estate

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Bryce Garcia

@BryceWGarcia

7 months

If you make over $200K, cleaning your house is a waste of your time.

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Bryce Garcia

@BryceWGarcia

7 months

Mint is shutting down on Jan 1, 2024 Throwing away millions of users and a loyal following. Seems remarkably stupid by the parent company, Intuit.

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Bryce Garcia

@BryceWGarcia

12 days

I don't get why every dad in my neighborhood is doing yard work today. I'll hire all of that shit out. I'm not spending my Saturday mornings doing chores. • If I'm working, I'm doing something $$ productive • If I'm not working, I'm not doing freaking yard work

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Bryce Garcia

@BryceWGarcia

11 months

No one cares that you wake up at 4 am

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Bryce Garcia

@BryceWGarcia

1 year

Someone clarify my thinking please: If your mortgage rate is 7% isn’t paying it down guaranteeing a 7% return and likely better than anything you’ll find in the market today?

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Bryce Garcia

@BryceWGarcia

2 years

I know someone who bought a condo in Austin thinking he could rent it on Airbnb. The seller's agent said the complex allows it but they didn't verify. Imagine his feeling when the HOA fined him for breaking the no STR policy. Read HOA laws BEFORE buying a rental

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Bryce Garcia

@BryceWGarcia

9 months

My friend's dad has 30 paid-off rentals. Why doesn't he leverage that equity into bigger properties? Because he's 60, has no employees, and doesn't want the stress. (You don't always have to scale.)

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Bryce Garcia

@BryceWGarcia

11 months

BMWs are the most overrated cars of all time I will never buy one again. Complete waste of money. If you can afford a BMW you can afford a better car.

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Bryce Garcia

@BryceWGarcia

2 years

Most people use index funds to get rich I use index funds as insurance if I fail at business & real estate investing

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Bryce Garcia

@BryceWGarcia

1 year

Use your salary to buy more income

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Bryce Garcia

@BryceWGarcia

2 years

Most young people should start off house hacking instead of long-distance real estate investing.

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Bryce Garcia

@BryceWGarcia

1 year

I ran my 1st short-term rental 21 months ago Here are 5 costly mistakes I made for you to avoid:

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Bryce Garcia

@BryceWGarcia

2 years

Until 2020, I literally thought you got rich by climbing the corporate ladder and investing in your 401k 😂

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Bryce Garcia

@BryceWGarcia

2 years

I have enough cash for another downpayment but the loan can't be in my name because of my debt to income ratio. Even though I'm making $ on my rentals, I need to show years of profits on my taxes for the lender to realize I'm actually making $. Annoying. Time to get creative.

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Bryce Garcia

@BryceWGarcia

10 months

Money in a savings account isn't "doing nothing" It's giving you piece of mine and safety.

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Bryce Garcia

@BryceWGarcia

2 years

9 Simple short-term rental threads to get you started (I invested $45,000 to learn these):

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Bryce Garcia

@BryceWGarcia

1 year

Naval Ravikant once said “To get rich, you need leverage” Here are 4 different types of leverage to grow your wealth with short-term rentals:

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Bryce Garcia

@BryceWGarcia

1 year

Weekend of short-term rental guests: - Buys groceries & alcohol: $200 - Goes to restaurants & bars: $500 - Goes to a local concert: $200 per person - Rents a boat from a local vendor: $1,000 total Anti-STR people: "Short-term rentals are bad for the local economy." 🤦‍♂️

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Bryce Garcia

@BryceWGarcia

1 year

Another thing I’ve realized about short-term rentals: After you buy the property, it becomes more of a hospitality business than a real estate investment.

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Bryce Garcia

@BryceWGarcia

1 year

Anytime someone says their property cash flows under $500/ mo, I assume they break even. Any property can easily have a $6k expense to wipe out your entire year’s cash flow.

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Bryce Garcia

@BryceWGarcia

1 year

The mental hurdles of buying your 1st rental property are higher than the hurdles of actually buying it

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Bryce Garcia

@BryceWGarcia

2 months

@Clewis010 Homes are expensive

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Bryce Garcia

@BryceWGarcia

2 years

I'm officially 30 today Instead of 30 life lessons that you already know, here are 30 people you should follow for 🔥 content on money, business, and investing: (It's actually 50 because I have a Yeti full of coffee and these people are dope)

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Bryce Garcia

@BryceWGarcia

2 years

A king bed is a low-cost way to add luxury to your rental. People dream about spreading out on a king bed. Not a queen.

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Bryce Garcia

@BryceWGarcia

1 year

Property managers taking 20% is a joke for the amount of work it takes

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Bryce Garcia

@BryceWGarcia

2 months

Owning a condo isn't true ownership.

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Bryce Garcia

@BryceWGarcia

2 years

I'm sorry but "lean F.I.R.E." is a stupid end goal. It means you can retire early, but with a minimalist lifestyle. You're going to die. Do you want to live your life to the fullest, or to the minimalist?

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Bryce Garcia

@BryceWGarcia

22 days

Genuine question - What's the point of business school?

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Bryce Garcia

@BryceWGarcia

3 months

My last Airbnb guest stole my towels. Why?

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Bryce Garcia

@BryceWGarcia

10 months

I quit my job after reaching financial independence! My rentals make more than my job. I'm going full-time into real estate! --22 year-olds on Instagram leaving a $30k base salary (& living at home w/ their parents)

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Bryce Garcia

@BryceWGarcia

1 year

Short-term rental hosting 101: Don't discount when a guest asks. A cheap guest wants a cheap vacation, at your expense.

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Bryce Garcia

@BryceWGarcia

2 years

I started running short-term rentals 18 months ago Since then, I've... • Made 6-figures in revenue • Become a Superhost • Met amazing people along the way If I had to do it over again, here are 5 things I'd do differently:

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Bryce Garcia

@BryceWGarcia

8 months

@brandnewhabibi I know. And you automatically feel bad for doing 18% when that used to be a good tip haha

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Bryce Garcia

@BryceWGarcia

11 months

Would you buy a rental property built in the 1940s?

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Bryce Garcia

@BryceWGarcia

2 years

My cleaner didn’t show up to clean before a booking. The doors were left open, so the guest cancelled the booking. Cost me a bad review and $2,500. 2nd issue with the cleaner this month. Will be sending another cleaner out for an estimate. Smh.

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Bryce Garcia

@BryceWGarcia

17 days

@FilledWithMoney idk how you can go thru an interview process and get an offer without knowing that 😂

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Bryce Garcia

@BryceWGarcia

9 months

I feel like residential rental properties were great to build wealth from 2010-2021. Tougher to do now.

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Bryce Garcia

@BryceWGarcia

1 year

2 Quotes from Alex Hormozi inspired me to get a higher-end short-term rental: 1. Solve rich people's problems. They pay better. 2. If you increase the quality of your customers, you increase the quality of your business

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Bryce Garcia

@BryceWGarcia

2 years

What's the BEST investment you've ever made?

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Bryce Garcia

@BryceWGarcia

2 years

Top 4 things fintwit hates 1. Jobs 2. Dave Ramsey 3. Paying off your mortgage 4. Leasing / getting a loan on a car What am I missing?

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Bryce Garcia

@BryceWGarcia

8 months

@Boston_Diehards Picture of the season

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Bryce Garcia

@BryceWGarcia

10 months

Moving to a new city to change your life is easier than changing your life in your current environment. (When single with no kids)

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Bryce Garcia

@BryceWGarcia

10 months

Working at 4:30 am has no benefit over any other time of day. It doesn't matter what time you work as long as you get shit done.

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Bryce Garcia

@BryceWGarcia

2 years

If a potential guest asks you “Can you discount the price? I’ll book if you can.” Appropriate answers are: “Hi _, we don’t discount” “Hi _, we can’t. Another home may be better for you” “Hi _, we don't. Another customer will book at this price” Don't discount. Agree or no?

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Bryce Garcia

@BryceWGarcia

7 months

I'm looking for a new budgeting app (since Mint is shutting down) Which should I use?

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Bryce Garcia

@BryceWGarcia

2 years

House hacking’s great but that doesn’t mean everyone should do it I’d rather pay $2,000 in rent to live in NYC than live for free in Kansas.

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Bryce Garcia

@BryceWGarcia

2 years

It blows my mind how many people call me Bryan in emails. Even people who know me. Get someone's freaking name right when asking a favor or trying to do business with them.

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Bryce Garcia

@BryceWGarcia

10 months

I love coffee but why do people willingly enslave themselves to it? - They wear "But first, coffee" shirts - They say "I can't think without my coffee" Kind of pathetic to have your life controlled by a drink

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Bryce Garcia

@BryceWGarcia

9 months

@sadpatsfan__ Tom should have 12 statues

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Bryce Garcia

@BryceWGarcia

1 year

I had 0 bookings for 3 weeks Then I got 6 in 48 hours If your bookings are slow, here's what I did:

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Bryce Garcia

@BryceWGarcia

6 months

Monday was one of the best days of my life. All weekend, we thought Bear was going to die. In a lot of pain, our guy wasn’t eating, drinking, and couldn’t move. After multiple late-night ER/Hospital visits, the vets told us euthanasia was likely the best option. The whole

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Bryce Garcia

@BryceWGarcia

9 months

I've done a complete 180 on this: Doing your own property management comes at great opportunity costs. You're better off focusing on higher $/hour activities than managing a rental.

Bryce Garcia

@BryceWGarcia

1 year

Property managers taking 20% is a joke for the amount of work it takes

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Bryce Garcia

@BryceWGarcia

8 months

@JoshuaImel Could be but it already doesn’t impact me that much. Can’t deny that it’s out of control. Especially for people and families not well off financially.

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Bryce Garcia

@BryceWGarcia

2 years

I'm trying to learn about commercial real estate... 1. Who do I follow? 2. Where do I start?

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Bryce Garcia

@BryceWGarcia

1 year

The $12,000 rental we stayed at this weekend didn't provide towels and had the cheapest toilet paper. No excuse for this as a short-term rental host.

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Bryce Garcia

@BryceWGarcia

2 years

Short-term rental success is 80% upfront ▪️ The deal ▪️ The set up ▪️ The team 20% is keeping it successful ▪️ Communication w/ guest & team ▪️ Managing pricing ▪️ Solving inevitable problems Comment if you agree or disagree 👇

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Bryce Garcia

@BryceWGarcia

2 years

I tweet about real estate but have no idea what 75% of the terms are that the smart people use on here (I tweet for beginners so cut me some slack😂)

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Bryce Garcia

@BryceWGarcia

2 years

Your own vacation home > timeshares

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Bryce Garcia

@BryceWGarcia

2 years

Allow pets in your short-term rental because guests will bring them anyway and most of your competition doesn't allow them.

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Bryce Garcia

@BryceWGarcia

2 years

People say Twitter is negative. Not if you’re surrounded by real estate investors, personal finance fanatics, and mindset people. I've laughed & learned from my Twitter community. Sure, I think some people are idiots...but people think I'm an idiot so it equals out.

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Bryce Garcia

@BryceWGarcia

2 years

My parents spent $200,000 for me to be a finance major But I’ve learned more about wealth on Twitter 10 threads to teach you more about wealth than your school did 👇 (Enjoy the variety)

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Bryce Garcia

@BryceWGarcia

1 year

@loganzuber17 Love a good revenge story

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Bryce Garcia

@BryceWGarcia

1 year

4 Reasons why I won't use a property manager for my STRs: 1. I'd give up 20% of my revenue 2. To avoid what I can easily do myself 3. To someone whose skin isn't in the game 4. And I won't learn anything along the way I won't use a PM when I scale. It'll be in-house.

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Bryce Garcia

@BryceWGarcia

8 months

Buying drinks at the bar is the easiest way to waste your money in your 20s.

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Bryce Garcia

@BryceWGarcia

11 months

Imagine buying a $500,000 rental property but being too cheap to get professional photos taken…

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Bryce Garcia

@BryceWGarcia

2 years

Listen up if you are new to real estate, Airbnbs, or want to buy a home with low money down! I talked about house hacking and running an Airbnb on the Austin Real Estate Investing podcast with Jordan Moorhead. He got me my 1st property in ATX.

Bryce Garcia - Househacking a Condo in Austin!

Listen to this episode from Austin Real Estate Investing on Spotify. Bryce is a househacker and Airbnb host in Austin, TX. Originally from Sudbury, MA. Bryce decided he was ready for greener pastures...

open.spotify.com

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Bryce Garcia

@BryceWGarcia

2 years

Just got a 47-day booking! My Austin condo has become a great mid-term rental (MTR) 3 benefits of mid-term rentals: 1. Not having to pay the 11% short-term occupancy tax 2. Fewer cleaning expenses 3. Less work

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Bryce Garcia

@BryceWGarcia

2 years

Imagine being a double major in college Late nights you study while your friends party Early AM treks to the library while your friends sleep The stress about your grades your friends don't have Then when you graduate... No one gives a fuck you double majored

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Bryce Garcia

@BryceWGarcia

2 years

Real estate investing is hard. Having 1 source of income is harder.

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Bryce Garcia

@BryceWGarcia

2 years

Red flag: A guest who asks you 30 questions before booking. You think it's bad now? Just wait till they get inside your home...

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Bryce Garcia

@BryceWGarcia

2 years

My number 1 takeaway from the BiggerPockets conference: Your network is your net worth. Top investors hang around other top investors • They do deals together • Share contacts • Help each other • Grow together • Cheer for each other Start hanging w/ other investors today

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Bryce Garcia

@BryceWGarcia

2 years

I never felt more alpha than when I got a 4-night booking that paid off my month's mortgage on the home my mom tried to convince me not to buy.

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Bryce Garcia

@BryceWGarcia

1 year

A self-managed STR usually makes a 20%+ return An index fund usually makes a 7-10% return Good STR returns seem better but you pay for the difference with your time and energy.

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Bryce Garcia

@BryceWGarcia

2 years

I listen to every episode of the Pomp Podcast. This 1 stood out. Ben Miller ( @BenMillerise ) is the founder of @Fundrise , which manages $1.5 B in equity for RE investors. He talked: 📈Inflation 🏠RE prices 🌎Best locations 📱The next decade (and how to win) Plan accordingly 👇

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Bryce Garcia

@BryceWGarcia

2 years

Short-term rentals aren't passive income. They can be systematized. Pricing & messages should be automated. But issues will come up that you have to address immediately.

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Bryce Garcia

@BryceWGarcia

2 years

"Pet-friendly" is the most searched amenity on Airbnb • In my area of Myrtle Beach, there are 183 4-bedroom homes available • When filtering with pets, there are only 45 4-BR homes available You'll likely eliminate a lot of your competition by allowing pets

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Bryce Garcia

@BryceWGarcia

10 months

My girlfriend paid for her trip to Italy by doing Rover. When we get back, it'll pay for her rent. She got a dream vacation & free rent just by playing with dogs.

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Bryce Garcia

@BryceWGarcia

2 years

19 people to help you make $2,000+ more on your short-term rental per year (I guarantee it)

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Bryce Garcia

@BryceWGarcia

1 year

As long as you don’t bankrupt yourself, your 1st rental is more about learning than earning.

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Bryce Garcia

@BryceWGarcia

2 years

Imagine if we could buy stock in people

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Bryce Garcia

@BryceWGarcia

2 years

I'll admit it Sometimes I see other real estate investors & think, "dang, I haven't done shit." Then realize how far I've come in 2 yrs & where I'll be in another 2. And I'm doing a lot compared to most people outside of the REI world. Hope that helps if you've felt the same

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Bryce Garcia

@BryceWGarcia

1 year

Short-term rental amenity rule: Don’t be cheap. Guests don't like cheap hosts. Plus, being cheap costs you more in the long run.

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Bryce Garcia

@BryceWGarcia

1 year

If you are a real estate investor but not posting about it 1. You’re wasting your knowledge 2. You’re not helping anyone 3. You’re in fear 3 Easy writing tips to help others (& grow your network too)

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Bryce Garcia

@BryceWGarcia

1 year

3 of the last Airbnbs I stayed at didn't have a smart lock 2 of the owners literally checked in on us STRs may seem saturated, but there’s still a lot of opportunity

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Bryce Garcia

@BryceWGarcia

7 months

No matter how rich I get, I can't see myself paying $1,000 for a bottle of wine.

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Bryce Garcia

@BryceWGarcia

2 years

I’m not a “pay down your mortgage” guy, but… 4 short-term rentals making $175,000 each is $700k per year total. That's about $500k per year in net profit with paid-off mortgages. You don't need 100 doors. Just a few good ones.

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Bryce Garcia

@BryceWGarcia

2 years

Every 2 weeks, I automatically withdraw my paycheck into these 6 savings accounts: 1. Next real estate property 2. Personal development 3. Travel 4. Wellness 5. Emergency fund 6. Car (next car & current repairs)

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Bryce Garcia

@BryceWGarcia

7 months

My lady will make $2,500 this month from dog sitting. She has a 1 bedroom apartment with no yard. House hackers: If you love dogs and don't want roommates, consider the "Rover House Hack".

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Bryce Garcia

@BryceWGarcia

9 months

Has anyone who turned 30 actually felt 30? Asking for a friend.

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Bryce Garcia

@BryceWGarcia

1 year

@MikeReiss Embarrassing

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Bryce Garcia

@BryceWGarcia

2 years

Buying my beach house was stressful. I kept telling myself “In 2 months, this will be over and I’ll have my operations running smoothly.” I was right. But I never celebrated the purchase. Or the smoothed process. Don't forget to pat yourself on the back.

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Bryce Garcia

@BryceWGarcia

2 years

Real estate is scary. But it's not hard. These 7 threads will give you confidence to start investing in 4 minutes:

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Bryce Garcia

@BryceWGarcia

2 years

I've hosted hundreds of Airbnb guests 2 of my most demanding ones gave me 5 stars Here's the process to guarantee 5-star reviews

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Bryce Garcia

@BryceWGarcia

1 year

The easiest way to start building wealth without budgeting: Hang out with winners. Here are 4 affordable ways to make wealth-changing connections:

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