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Real Estate Investing with Coach Carson

#290: Real Estate Investing For Beginners - How to Find Your Focus (Best of CC)

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 8 May 2023

⏱️ 65 minutes

🧾️ Download transcript

Summary

Episode #290 - (Best of Coach Carson) For real estate investing beginners, analysis paralysis is the enemy of your success. This episode you get focused & moving forward confidently.

 

📑COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/real-estate-investing-beginners/

 

🎬 AUDIO TIMESTAMPS: 

0:00 - Don't do cookie cutter strategies

4:04 - Strategy overwhelm

6:02 - Know thy self

10:51 - Real estate as a "job"

17:28 - Real estate as an "investment"

20:45 - Passive vs. active investor

30:07 - What's your wealth stage?

39:00 - Customized strategies for YOU

59:09 -  Clarity & focus is vital

______________________

🧰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

Have you ever seen one of those quizzes?

0:02.0

And I'm thinking of like a Harry Potter quiz because my family likes Harry Potter where you answer

0:06.1

a bunch of questions and they say, hey, you're in this house.

0:08.1

You're in Gryffindor.

0:09.1

You might take another quiz and they tell you this is the career you should take and you

0:12.3

answer a certain number of questions.

0:13.9

That's kind of what this is for real estate investors. Welcome to the podcast Real Estate Investing with Coach Carson.

0:27.8

I'm your host Chad Carson.

0:29.0

You can also call me Coach.

0:30.3

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

0:33.7

so you can get out of the financial grind and do more of what matters.

0:37.4

Whether you're a first-time listener or a long- time listener, thank you for being back for another episode. The title of today's episode is Real Estate Investing for Beginners, How to Find Your Focus. This is the third and final week where I've been publishing greatest hits episodes where I went back into the archive of the podcast and published some of the most popular episodes of all times. And I've done this for a couple reasons. One, we're almost episode number 300. And I wanted to share some of the gems in the past that maybe you haven't heard if you're new to the podcast or you might not have heard in a while. And the second reason is I've been hiking on the Camino the Santiago, which is an old pilgrimage route in northern Spain with my family.

1:12.2

And it just wasn't convenient to bring my podcasting equipment.

1:14.6

And I took a break from recording new episodes.

1:17.0

But I think you're going to enjoy this episode because it addresses one of my biggest pet peeves

1:20.9

with other real estate investing education.

1:23.6

And it's this idea of a cookie cutter strategy.

1:27.4

So you might have heard it where somebody says, hey, this new strategy or this old

1:31.0

strategy of buying properties in a certain way, of finding deals in a certain way,

1:35.0

of using a certain financing strategy, hey, this is the best thing ever, and it's new,

1:39.8

and nobody's ever talked about it before, and you should use it to, and you'll be successful

1:43.2

if you do it just like me. I call that a cookie cutter strategy, not because that strategy doesn't work,

...

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