#119: How to Buy Your First Rental Property & Improve Your Community
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 22 June 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
Episode #119 - In this episode, Chad interviews Yolanda Brown, a new investor who lives in Florida but recently bought her first rental back in her home town in rural Mississippi. After reading Chad's book Retire Early With Real Estate, Yolanda reached out to share her story of fixing up her family home to keep it in the family while also building her own wealth and improving the local community.
Chad knew immediately he wanted to share the details of the story with all of you. Hope you enjoy!
Companion article: https://www.coachcarson.com/rental-property-improve-community/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | literally the house was left in worse shape than it was found and it ended up costing more money. |
| 0:07.4 | The second contractor was a friend of my boyfriend who's also in construction. He lived in |
| 0:16.4 | Louisiana so he was familiar with the way the homes were structured. And he got a lot of work done |
| 0:23.8 | until it was time for him to do another project. And mine would just left kind of like, |
| 0:29.1 | whatever, figure it out. I'm done. So in the end, I had two wonderful uncles who are more handy |
| 0:36.5 | than I thought they were, who actually brought the |
| 0:40.3 | property together, alone with a little help of my mom. So I went through two contractors, two |
| 0:46.8 | uncles and my mom and my boyfriend to get it done. Welcome to the real estate |
| 1:01.2 | My name is Chad Carson. |
| 1:03.6 | You can also call me coach. |
| 1:05.1 | And this is a show all about investing in real estate, achieving financial independence, and doing more of what matters. |
| 1:11.6 | As always, it's an honor to have you here listening to another episode. |
| 1:15.4 | I'm really excited to bring you another interview. |
| 1:18.1 | Today, the interview is with Yolanda Brown, and the story is going to be about Yolanda's |
| 1:23.3 | first rental property. |
| 1:24.7 | She bought it long distance. |
| 1:26.3 | She lives in Florida, but she went and bought a |
| 1:28.3 | property back in her hometown, a more rural area of Mississippi. And we're going to share all the |
| 1:33.9 | details, how she found it and actually got it from a family member and where she got the money |
| 1:38.5 | to fix the property up, what the trials and tribulation she went through to get the property |
| 1:43.3 | fixed up, how she ultimately decided how to rent the property. And she ended up choosing Section 8 rentals and how that came about and what the process was like. So we're just going to the details of a first deal. And I was really excited to get an email from Yolanda. She read the book, Tire early with real estate and then she reached out to me to share her story. And I just thought it would be a good example, not only of a first deal, but also |
| 2:04.7 | someone investing where they came from, investing in the community where their family is and |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chad Carson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chad Carson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

