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Real Estate Investing with Coach Carson

#295: Build Big Wealth One Rental at a Time - with Michael Zuber

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9 โ€ข 613 Ratings

๐Ÿ—“๏ธ 19 June 2023

โฑ๏ธ 59 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐ŸŽ™๏ธ Episode #295 - What makes a small and mighty real estate investor so powerful? Why does the gradual approach of acquiring 1 property at a time turn into a blue chip stock later on? Gain valuable insights on how many properties it takes to reshape your real estate investment unlock long-term success.

๐Ÿ“‘ COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/michaelzuber/

ย 

๐Ÿ”— Connect with Michael:

ย 

๐ŸŽฌ TIMESTAMPS:

0:00 - Hook/Intro

3:44 - The one rental at a time approach

8:13 - Bigger isn't always better

13:06 - What is the best financing and why

20:30 - What is the ideal buy box

24:43 - Transitioning to the next investing phase

33:28 - The state of the economy

43:52 - Being a buy and hold investor

48:31 - Using turn key rental companies

50:25 - Syndications

54:57 - Michael's advice on first 4 rentals

55:30 - How to connect with Michael

56:02 - Outro

____________________________________________________________________

โš’๏ธ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod

๐Ÿ–ฅ๏ธ Learn with Coach (Courses, Books & more):
https://www.CoachCarson.com

๐Ÿ‘‹ Connect with Me:

๐Ÿ“ธ https://www.instagram.com/coachchadcarsonย 
๐Ÿ‘ https://www.facebook.com/coachchadcarsonย 
๐Ÿฆ https://twitter.com/CoachChadCarson

๐Ÿ’ฐ DealMachine โ€“ Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT

Transcript

Click on a timestamp to play from that location

0:00.0

I can show with clear evidence that bigger isn't always better.

0:03.8

It's more units, but that doesn't mean anything.

0:05.8

It means you could still lose money.

0:07.3

The other thing you need to realize is what hassle factor do you want to sign up for?

0:12.1

If your life is already busy, you have 20 minutes a day and that's all you have to devote to this,

0:16.8

you don't want to own apartments.

0:18.1

You want to own single family homes.

0:27.9

Music You don't want to own apartments. You want to own single family homes. Welcome to the podcast, Real Estate Investing with Coach Carson.

0:30.9

I'm your host, Chad Carson.

0:32.1

You can also call me Coach.

0:33.3

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

0:36.7

so you can get out of the financial grind and do more of what matters. Whether you're a first time listener or a long time listener, thank you for being back for another episode. The title of this episode is How to Go Big, one rental at a time. This is an interview with Michael Zuber. If you pay attention to real estate investing online or watch it on YouTube, you've probably heard of Michael Zuber. He's written a book called One Rental at a Time that's done really well. He also has a daily show, which kind of blows my mind as a podcaster who tries very hard to put out one show per week. But his daily show talks about real estate investing, talks about the economy, talks about trends that affect us as small real estate investors. So I'll have a link to his show and what he has going online in the show notes below. But my last conversation with Michael almost a year ago is one of my most popular episodes of the year. And as for good reason, Michael comes with a lot of experience. He's been investing for 22 years. But I also really appreciate the groundedness of his philosophy. And in today's episode, we get into a topic near and dear to my

1:27.8

heart that I think has some crossover with his own approach, which is should you go big as a

1:32.3

real estate investor? Maybe should you take a one rental at a time approach, staying small and

1:37.2

mighty? And what are the benefits of doing that versus going big and growing even faster?

1:41.3

I do believe the turtle approach is the right for most people.

1:44.8

I frankly believe if you get to four and only four, your life fundamentally changes forever.

1:51.3

One a year, one every two years, four single family homes paid off by the time you're retired.

1:57.0

Your financial future is light years away from anyone else.

2:00.2

I also, of course,

2:01.5

talk to Michael about his 2003 market predictions and what we might be able to expect as real estate

2:06.4

investors. I think we're in a period of the next two weeks where rates will go higher.

...

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