Click below to listen to this post.
Owning a short-term rental property was something Melissa and I had talked about for quite some time. It started as her BHAG (big, hairy, audacious goal) — one she researched and studied for a few years — and has now become an obsession for me.
I admit, I was hesitant at first. After all, it was just two years ago that we sold our tiny house and bought a traditional sticks and bricks home again. Did we really want to plunge into another mortgage?
Then I remembered what I tell my clients and students all the time — don’t get ahead of yourself. Just take it one step at a time.
So I agreed to go see some properties with her.
From Doubts to Discovery
Months of looking led to discouragement, and admittedly, a touch of relief on my part. Then our realtor proposed an unexpected opportunity: a condo in a charming beach town. Condos weren’t on our radar but we figured we’d go take a look.
Keep fanning those flames, right?
Pulling up to a former motel, momentarily baffled, our realtor explained.
“The condo is actually a suite here,” he said. “The property was just converted into condos and has been fully renovated.”
Situated across the street from seven glorious miles of coastline, I suddenly didn’t mind that the property was only 260 square feet. As they say, location, location, location.
Embracing the Opportunity
We were instantly drawn to the potential of this cozy space. After all, we know what to do with a small space.
It was a perfect spot to retreat to while enjoying all that Old Orchard Beach has to offer. 🏖️ Within just 20 minutes we made an offer and the next day, it was ours!
A Childhood Dream Come True
With the high rental season approaching, we got to work making this a home away from home for our future guests.
And I got to live out a childhood dream of working as an interior designer!
Isn’t she pretty?? 🤩 We named her Saltwater Serenity.
Since April, we’ve been renting it out on a short-term basis and enjoying a bustling and rewarding experience. And the reviews and feedback have been incredibly fulfilling. We’re already getting inquiries for next year!
I’m so grateful for Melissa’s determination and the small, steady steps we took to realize this now-combined BHAG.
Are You Ready to Step?
Sometimes BHAGs can take a while to come to fruition, but that doesn’t mean they’re not worth pursuing.
Sometimes BHAGs can be downright scary, but that doesn’t mean you shouldn’t take some small steps.
If you’re shaky or uncertain, the best way to know if a BHAG is a fit is to go for it. You’ll get clearer and clearer with each action you take.
It’s Your Turn!
What’s one of your BHAGs? What small step can you take today?
Comment below. I’d love to hear about it!
Your ambitions are worth pursuing and who knows, your journey might just lead you to your own Saltwater Serenity!
P.S. If you want some help identifying your BHAG and making a plan to go for it, check out my self-study course Design Your Dream Life for a roadmap to do just that.