#143: How I Rented My House and Bought Another - Case Study of a Live-In-Then-Rent
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 7 December 2020
⏱️ 51 minutes
🧾️ Download transcript
Summary
Episode #143 - Of all the strategies to begin investing in real estate, perhaps the simplest (and safest) is to rent your house and buy another. I call this the "Live-In-Then-Rent" strategy. In this episode, Coach shares a detailed case study of how he successfully bought, fixed-up, lived in, and eventually rented his own principal residence. By learning the details of this strategy, you can use and profit from it too.
For additional pictures, charts, and details, be sure to check out my companion article: https://www.coachcarson.com/rent-house-buy-another/
🏘️REAL ESTATE IN YOUR RETIREMENT ACCOUNT? This is a strategy I've used successfully for years, but you've got to make sure you have a custodian that specializes in this type of investment. I personally use and highly recommend my friends at American IRA. You can watch a short video, get an information guide, or set-up a free consultation at https://coachcarson.com/americanIRA
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Transcript
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| 0:00.0 | The house had termite damage all the way into some of the interior walls. And if you look at the |
| 0:04.7 | companion article, I have some pictures, what that looked like. It basically looked like Swiss cheese. |
| 0:09.0 | Some of these solid wood had turned into this little, this wood that had all these tunnels and holes in |
| 0:13.7 | it that you could just rip out with your hand in some cases. |
| 0:27.1 | Welcome to the real estate and financial independence podcast. |
| 0:28.8 | My name is Chad Carson. |
| 0:29.9 | You can call me coach. |
| 0:34.2 | And this is a show all about investing in real estate, achieving financial independence and doing more of what matters. |
| 0:36.7 | Thank you for being here to listen to another |
| 0:38.4 | episode, whether you're brand new to the show or whether you're a long time listener. I always |
| 0:42.9 | appreciate you being here. Today's episode is actually just going to be me. It's not an interview, |
| 0:47.7 | and I'm going to share a topic that I'm excited to share because it's very personal, and it's about |
| 0:53.0 | how I rented my house and then bought another. |
| 0:56.8 | So it's a case study of what I call a live in then rent strategy. |
| 1:02.9 | So I'm going to get into more detail. |
| 1:04.4 | I'm actually going to have a companion article as well because I have a lot of pictures |
| 1:07.3 | before and after and how as we remodeled this property and share some of the rental |
| 1:12.1 | numbers with you. So you might later on when you have a chance, click on that companion |
| 1:16.2 | article to kind of follow along there as well. But I just want to share this strategy because |
| 1:21.3 | I found it's one of the simplest and the easiest to apply strategies, but also one of the |
| 1:27.4 | most profitable. And it's one that many of you, |
| 1:29.7 | even if you just do this once or twice, you can build a good long-term rental property and turn |
... |
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