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Real Estate Investing with Coach Carson

#287: Why Your Real Estate Investing Strategies Won't Work in 2023

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 17 April 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Episode #287 - Are you frustrated with your lack of progress as a rental property investor? It could be you have the wrong strategy - or it could be something more important. Learn what in this episode.

📑 COMPANION ARTICLE/SHOW NOTES:

https://coachcarson.com/real-estate-strategies-2023

Links:

Register for Free Webinar - The Rental Property Business Blueprint: https://coachcarson.com/businessblueprint

 

🎬 AUDIO TIMESTAMPS: 

0:00 - Need a better strategy?

2:20 - Strategy chasing

3:32 - Your strategy isn't enough!

4:55 - Building an actual business

6:56 - The Business Blueprint

9:13 - Takeaways

9:57 - How to build your Blueprint

______________________

🧰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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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast

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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit

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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/

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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook

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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson

Transcript

Click on a timestamp to play from that location

0:00.0

A strategy is not enough. But in this episode, I'm going to tell you what you do need to be a successful

0:06.0

real estate investor in 2023 and is probably not the thing you've heard everyone else talking about.

0:11.8

Let's get started right now. Welcome to the podcast, Real Estate Investing with Coach Carson.

0:24.6

I'm your host, Chad Carson.

0:26.2

You can also call me Coach.

0:27.6

And this is a show to help you build a profitable and passive rental property business

0:31.3

so you can spend more of your time doing what matters.

0:34.7

As a rental property investor, I'm willing to bet that the ultimate dream is

0:38.4

to live off the cash flow from your properties. Each month, the rent reliably comes in and you use

0:44.2

the money that's left over to pay the bills. But you might have found that making progress

0:48.7

towards this stream isn't always easy. For some reason, your own experience might not be as smooth as the success stories

0:55.6

you've seen online or heard in podcasts. You're over here working your tail off, trying to do everything

1:01.1

right, and not quite getting enough traction. But then you hear about some investor in their 20s

1:06.2

who's bought 30 properties in four years and has now achieved financial independence. What's the problem?

1:12.2

Is it the economy? Is it rising interest rates? Is it you? Or perhaps the problem is that you have

1:18.7

the wrong real estate investing strategy. For example, you could switch to the popular Burr method

1:24.2

where you buy properties at a low price, remodel them, get them rented out,

1:29.0

then refinance them to pull all your money back out, and then repeat. Or maybe you should try

1:33.5

the latest financing strategy, like buying properties subject to the mortgage with little or

1:38.2

none of your own money without getting a new bank loan. Or maybe you need to switch the types of

1:43.1

properties you buy. Instead of just buying single family houses or duplexes, maybe you need to switch the types of properties you buy. Instead of just

1:44.5

buying single-family houses or duplexes, maybe you need to up your game and buy multifamily

...

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