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Real Estate Investing with Coach Carson

#149: Under Contract! How a New Investor Found Tied Up His First Deal

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9614 Ratings

🗓️ 18 January 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Episode #149 - A new investor named Scott Palmer just got his first rental property under contract! This is his 3rd coaching call with Chad where you get to look over Coach's shoulders and listen to their discussion about how Scott found, analyzed, and put this deal under contract. You'll also learn some of Scott's concerns about the next steps with due diligence, financing, and closing and Chad's feedback to help him.

Free Webinar with Coach "My 5-Step Process to Confidently Close on Investment Properties" - http://coachcarson.com/webinar

Show notes:  https://www.coachcarson.com/ep149-under-contract/

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Transcript

Click on a timestamp to play from that location

0:00.0

I kind of got to this point and I was like, I want to take a breath.

0:04.1

It feels as though it was doing this in stages.

0:06.3

It was getting all the leads and getting to this point.

0:10.1

And now it's okay, I got, I did step one.

0:13.2

I'm still in kind of like shock, take a breath, re-evaluate mode.

0:29.3

Okay. mode. Hello, everyone. Welcome to the Real Estate and Financial Independence Podcast. My name is Chad Carson. You can call me a coach, and this is a show all about

0:34.1

investing in real estate, achieving financial independence, and doing more of what

0:38.9

matters. I've got a fun episode for you today. The title is under contract, how a new investor

0:45.3

found and then tied up his first deal. And so if you remember, this is actually call number three

0:52.0

with Scott Palmer in the coaching series. This is a series in my

0:56.1

podcast that I'm experimenting with where I show you kind of real time as I, you can look over

1:00.8

my shoulder as I coach someone who's actually trying to buy deals. And in this case,

1:05.1

Scott is a new investor. He lives in L.A. and he's buying properties across the country in

1:09.9

North Carolina. I'm also going to,

1:11.4

if this is a successful series and people like it, I'm going to do some more experienced investors

1:16.0

too and kind of give some different contexts and different scenarios. But in this particular

1:19.9

situation, the first two calls, we went over just the basics of helping him find his financing,

1:25.3

line up which financing made the most sense for him,

1:33.1

building a team, identifying his market, and then kind of zoning in on a particular part of his market. And then how do you start finding deals? And so we went to all those kind of fundamental

1:37.3

detail steps that you have to go through to get started in real estate. And then on the end of the

1:42.3

prior call, he was a little frustrated because he felt

1:44.7

like there weren't enough deals coming through that he was just looking on MLS to his agent.

...

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