#310: How a Couple With Full Time Jobs Built a $1.1 Million Net Worth Using Rental Houses
Real Estate Investing with Coach Carson
Chad Carson
4.9 โข 613 Ratings
๐๏ธ 25 September 2023
โฑ๏ธ 59 minutes
๐๏ธ Recording | iTunes | RSS
๐งพ๏ธ Download transcript
Summary
Episode #310 โ Join us as we dive into the inspiring journey of Matthew and Angel, a couple who skyrocketed their net worth to $1.1 million through savvy real estate investing while juggling full-time jobs. From their humble beginnings to their very first real estate venture, we explore the nitty-gritty of numbers, financing strategies, and the priceless wisdom they've gained along the way.
๐ Show Notes:
https://www.coachcarson.com/fulltimemillionaire/
๐ Links:
- Matthew's Facebook: https://www.facebook.com/matt.failor.1
- Matthew's Instagram: @failormatthew
- Matthew's LinkedIn: https://www.linkedin.com/in/matthew-failor-pmp-64569b35
- Angel's LinkedIn: https://www.linkedin.com/in/angel-failor-420b591a0
๐ฌ Timestamps:
0:00 - Hook/Chad's Intro
2:02 - Matthew and Angel's backstory
15:00 - Matthew and Angel's first deal
21:18 - Looking at the numbers
24:58 - Financing
30:31 - Getting the property rented
34:04 - Summary of the numbers
42:32 - Lessons learned from the first deal
50:42 - Advice for real estate investors
54:30 - Where to connect with Matthew and Angel
55:58 - Chad's Outro
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โญ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpmย
โ๏ธ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-podย
๐ฅ๏ธ Learn with Coach (Courses, Books & more):
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๐ฆย https://twitter.com/CoachChadCarson
๐ฐ DealMachine โ Software to help you buy more real estate deals: ย https://www.coachcarson.com/dealmachineย
Transcript
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| 0:00.0 | You try to buy at least one or two homes a year. |
| 0:02.2 | So as a friend of mine, she was like, I like this townhome, but I'm going to sell it. I said, look, you go with me. You're going to say 5 to 6% realtor fees. You don't need to look the finger. You know how clothes. There's no contingencies. I'll be the inspector. I wasn't chopping at the bit for it. I told her the whole time, I want to make sure you're happy with where you're at. |
| 0:27.6 | Hey there. |
| 0:30.2 | Welcome to the podcast, real estate investing with Coach Carson. |
| 0:31.5 | I'm your host Chad Carson. |
| 0:32.8 | You can also call me coach. |
| 0:36.5 | And this is a show to help you build a profitable and passive rental property business so you can get out of |
| 0:37.5 | the financial grind and do more of what matters. Whether you're a first time listener or a long |
| 0:41.7 | time listener, thank you for being back for another episode. In this episode, I'm going to interview |
| 0:46.1 | a couple in their early 30s who, while working full-time jobs, was able to buy six properties |
| 0:51.8 | over the last three years, and in the process, they've built a net worth |
| 0:55.8 | of $1.1 million in almost $3,000 in cash flow. So we're going to go into their story, into their |
| 1:02.2 | background, and in particular, we're going to dive into one single-family house deal, which they |
| 1:07.2 | like buying single-family houses. We're going to talk about how they found it, what the numbers were, how they financed it, the things that went well, and the things that didn't go so well. This deal deep dive series is all about sharing the behind the scenes details of real deals so you can get better as a rental investor. So without further delay, let's get to the interview with Matthew and Angel. Welcome to the podcast, Real Estate investing with coach carson. I'm your host, Chad Carson. You can also call me coach. And this is a show to help you get out of the financial grind so you can do more of what matters. This is another episode in our Deal, Deep Dive series. And I have Matthew and Angel Failer. And we are going to be talking about a single family house that they bought but also their |
| 1:44.5 | experience over the last five years of building up and buying single family houses on the side while |
| 1:49.3 | they both have w2 jobs while they have a family and so matthew angel just want to welcome you to the call |
| 1:54.7 | welcome you to the episode thanks for being here thank you really excited to speak today yeah awesome |
| 2:00.7 | well let's you know i want to get into the deal, the numbers, all that stuff's fun too, but let's take a step back and just talk a little bit about yourselves. Tell me where you're from, where you live, and maybe just a little, a couple other details about what you do professionally and maybe it's just an interesting fact about you as well. I don't know you go first, honey. |
| 2:19.3 | Okay. Well, hi everyone. I'm Angel. I was actually a teacher for most of my career so far. |
| 2:27.3 | I taught for seven years. I did third grade and sixth grade. |
| 2:32.3 | Here near Raleigh, North Carolina. I grew up in Benson, North Carolina, small town. |
| 2:39.6 | We currently live in Wake Forest. |
... |
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