#284: How I Got Started With No Money In Real Estate Investing (Full Story)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 27 March 2023
⏱️ 23 minutes
🧾️ Download transcript
Summary
Episode #284 - With being brand new to real estate investing and only $1000 in the bank, I had to get creative if I wanted to grow a rental portfolio. This is the ONE financing strategy I'm glad I used 20 years ago, and I still use today…
📑 COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/getstartednomoney/
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine
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💰CREATIVE FINANCING COURSE🏘️Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork!
https://coachcarson.com/creativefinancing
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Transcript
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| 0:00.0 | I was 23 years old when I decided to jump into real estate investing full time. |
| 0:04.0 | Looking back now, 20 years later, I realized it was sort of a crazy move, maybe even a little stupid. |
| 0:10.0 | I didn't have a real job, I didn't have a lot of experience in real estate, all I had was a few thousand dollars in the bank and a whole lot of enthusiasm. |
| 0:18.0 | But I did find a way to start buying properties at 23 years old without much money. |
| 0:22.6 | And that got me started on a path to buy dozens of properties since then. And today those |
| 0:26.8 | properties give me passive monthly income that allows me to be financially independent and do what I |
| 0:30.9 | want with my time, like living in Spain for a year with my family. I want to take you back in time |
| 0:35.9 | to those early days and tell you the story of |
| 0:38.1 | three properties that got me started in real estate without much money. My hope is that the |
| 0:43.1 | details of these stories will give you the inspiration to buy your own real estate investments, |
| 0:46.5 | even if you don't have a lot of cash. Welcome to the podcast Real Estate Investing with Coach Carson. |
| 0:59.7 | I'm your host Chad Carson. |
| 1:00.7 | You can also call me Coach, and this is a show to help you build a thriving rental |
| 1:04.3 | property business so you can get out of the financial grind and do more of what matters. |
| 1:08.8 | The story actually begins a year earlier when I was still living on |
| 1:12.1 | campus at Clemson University in South Carolina, where I had recently graduated with a degree in |
| 1:16.9 | biological sciences, and I'd also recently finished playing football, which, believe it or not, |
| 1:21.7 | I was a middle linebacker, a lot bigger at that point. And I was at one of those transition points, |
| 1:26.4 | trying to figure out what I wanted to do. |
| 1:28.3 | And so I just took a few classes at Clemson University to learn a few things, to kill some time. |
| 1:33.1 | And I was in a business class, which was very interesting, but it was the professor that was |
| 1:37.6 | really the big change for me. His name was Louis Stone. I call him Dr. Stone. And during the |
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