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Real Estate Investing with Coach Carson

#228: 11 Long Distance Rentals While Working Full Time in Silicon Valley

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9613 Ratings

🗓️ 16 May 2022

⏱️ 78 minutes

🧾️ Download transcript

Summary

Episode #228 - Gorden arrived in the US from India as a college student. Now 15 years later, he owns 17 rental units that produce $5,000/month of cash flow and he is on his way to financial independence. Learn is story, how he got started with house hacking in the Bay Area, why he eventually invested in long distance rentals, how he finds good deals, and more.

Companion Article:  https://coachcarson.com/longdistancebayarea

BiggerPockets Profile: https://www.biggerpockets.com/users/gordenlopes#0

LinkedIn: https://www.linkedin.com/in/gordenlopes/

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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:

- American IRA - invest your retirement accounts into alternative investments like real estate, private loans, partnerships, and more https://www.coachcarson.com/americanIRA

- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine

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Transcript

Click on a timestamp to play from that location

0:00.0

The simple notion that the $100 that I earn, I need to give $40 to Uncle Sam.

0:06.8

But the $100 that I earn in real estate, I can keep all that to myself.

0:11.1

Here in Amazon, on paper, right, I earn like 300 or 200K.

0:15.9

But out of that, I give 40% away.

0:18.9

I would rather earn just like $120,000 in real estate and keep all that to myself

0:23.6

by just spending two, four hours in a week.

0:35.1

Welcome to the real estate and Financial Independence Podcast.

0:38.2

I'm your host Chad Carson.

0:39.4

You can also call me coach, and this is the show all about helping you get out of the financial grind so you can do more of what matters.

0:45.6

Whether you're a long-time listener or a first-time listener, it's always an honor to have you back for another episode.

0:50.4

The title of today's episode is 11 long-distance rentals while working full-time in Silicon Valley.

0:57.0

This is an interview with Gordon Lopez, and a lot like my interview last week, this is one that's just

1:02.8

inspiring to me, and I feel like is the best of American stories.

1:07.3

This is Gordon's story of actually being born in India and coming to the United States to go to college.

1:12.8

His family saved up money and I'm not going to spoil the whole story, but to help him kind of

1:16.5

just make a leap and come here and study and he studied computer science and eventually got a job

1:21.6

working in Silicon Valley.

1:23.2

So kind of the epicenter of high salary tech work in California.

1:27.6

But he tells his story about how he got a little bit jaded with the pace of life,

1:32.0

with the 80-hour work weeks, with the style of work he's having to do,

1:36.5

and got interested in financial independence and investing in a particular real estate.

1:40.7

And so this story is all about his journey of investing long distance.

...

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