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Real Estate Investing with Coach Carson

#138 - How a 59-Year-Old Teacher Grew From a House Hack to 13 Properties

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9613 Ratings

🗓️ 2 November 2020

⏱️ 66 minutes

🧾️ Download transcript

Summary

Episode #138 - It's not too late to begin investing in real estate in your 50s. Several years ago, 9th-grade teacher Paul Zimmerebner bought a duplex to "hack" his housing and reduce his housing bills.
 
Then after 4 years, he sold it and used the equity to buy even more rental properties. Learn all the details of how he found, bought, financed, rented, and grew his duplex into a 13-property mini-empire that will help him retire comfortably.
 
To read Paul's investor profile blog, visit https://www.coachcarson.com/59-year-old-teacher-house-hack-to-13-properties/
 
If you want to support the show, here are some easy ways:
1) Leave a podcast review: https://coachcarson.com/itunes
2) Get My Free Real Estate Investing Toolkit & Newsletter: https://www.coachcarson.com/reitoolkit/
3) Share the podcast with your friends, coworkers, and family members
 

Transcript

Click on a timestamp to play from that location

0:00.0

When I retire, if I'm looking at the stock part, and I, you know, like everyone else,

0:05.8

and I was like, okay, I didn't like it. I didn't want to get to retirement and then what

0:11.7

if the market, you know, it crashes or goes down, but then I'm pulling from the principal.

0:17.3

And my thought was real estate, again, is the sleep at night thing for me.

0:22.2

If I own property, people have to live somewhere.

0:24.6

They're going to pay me rent.

0:26.0

In my goal, of course, I've got five years until I retire.

0:29.8

My goal was this.

0:31.2

I want to make more in retirement than I make right now.

0:45.0

Welcome to the real estate and financial independence podcast.

0:46.5

My name is Chad Carson.

0:47.6

You can call me coach.

0:52.1

And this is a podcast all about investing in real estate, achieving financial independence,

0:54.0

and doing more of what matters.

0:59.7

Hi, everyone, whether you're a brand new listener or you're coming back for a repeat, I really appreciate you being here. It's always great to have you listening. Today's episode is called

1:04.0

how a 59-year-old teacher grew from a house hack to 13 properties. So this is an interview

1:10.6

episode. I interviewed one of my students in

1:13.0

my real estate start school class named Paul Zimmer Ebner. He lives in Boise, Idaho. He teaches

1:18.8

ninth grade, teaches critical thinking, used to teach English. Also gets to teach some budgeting and

1:23.4

different things, which I found fascinating. So we talked a little bit about that. But we talked about

1:27.6

his story of starting midlife, really. He's in his mid-50s. He's 59 now. So it's about four and a half

1:34.1

years ago. He began his real estate investing journey. And we talked about what motivated him,

...

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