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Real Estate Investing with Coach Carson

#321: Don't Wait For a 30% Crash to Buy Real Estate!

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 11 December 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

Episode #321 – Join Michael Zuber and me as we champion a proactive strategy in the face of today's uncertain real estate market. Don't play the waiting game; become the driver of your financial destiny. Tune in to learn how to filter out negativity, build a positive network, and thrive in this high-interest market!

📑 Show Notes:

https://www.coachcarson.com/investtoday/

🔗 Show Links:

• My Newsletter & Free Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

• Michael Zuber - One Rental At A Time:

https://www.youtube.com/@OneRentalataTime

🎬 Timestamps: 

0:00 - Addressing the concern

2:57 - Waiting is WRONG

5:09 - Dollar Cost Averaging

6:26 - Ignore the negative influencers

8:09 - What if REI does crash 30%?

8:57 - The Stoic Investor Mindset

10:23 - Conclusion

--------------------------
⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod 

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com 

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson 

💰 DealMachine – Software to help you buy more real estate deals:  https://www.coachcarson.com/dealmachine 

Transcript

Click on a timestamp to play from that location

0:00.0

We have to control what we can control and we can control how we prepare.

0:04.4

We can control what kind of property, what our buy box looks like.

0:07.3

And yes, we got to listen to a little bit of like, all right, what's the weather like outside?

0:10.3

Let's listen to the weather report.

0:11.7

But if you sit there all day listening to the weather report instead of getting outside, like,

0:15.6

what's the point?

0:16.3

Like, are you living your life?

0:17.4

Like you've got to be an investor, not a, not a watching YouTuber.

0:33.1

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

0:36.7

so you can do more of what matters. Whether you're a longtime-time listener, a first-time listener, so great to have you here for another episode. In today's episode, I want to address a common piece of feedback I'm getting, a concern people have where they say buying deals in today's market is impossible. The prices are higher, the interest rates are higher.

0:55.9

I'm just going to sit out and wait until things get better. And today's episode is my response to that

1:01.5

and a nice, short, compact version of that. Because if you've listened to me for a while,

1:05.9

you know that there's two approaches you can take to any challenging situation. There's one where you say, hey, this is just the way things are. It's not going to be successful. I'm going to be a victim, and I'm just going to sit on the sidelines and wait until things change. Kind of like a boat in the ocean that just gets tossed around by the waves and you have no control. The other alternative, and this is more of like a stoic philosophy, which I really like and enjoy,

1:29.0

is, hey, there is a reality here. Interest rates have changed. Prices are higher. But what are the

1:34.0

things that we can control. And that's what I talk about in this episode is actually an interview

1:39.1

with Michael Zuber from one rental at a time. It originally aired on his show on his YouTube channel. He was kind

1:45.1

enough to let us publish it here for you. And this is going to be an optimistic episode that gives you tools, that gives you strategies so that you can still buy great deals today. This isn't theory. This is something I'm doing. This is something I'm helping people do in today's market. And I want to give you the tools and the mindset to do it as well. So before we get an episode, I want to

2:03.6

remind you that I love getting your feedback. You can always send me an email at podcast at coach carson.com with your comments on this episode or suggestions for future episodes. And if you like what you hear today and you do believe there's great deals out there, but you want someone to help you and coach you to actually do it. I think you might be interested in my new coaching and learning community

2:21.1

called Rental Property Mastery. I'm coaching people every single week. We have a community of people

2:26.2

who are taking action with accountability and learning how to implement the details and the craft

2:30.6

of rental property investing. You can check out a link in the podcast description for more details. And with that, let's get to this week's episode with me and Michael Zuber. All righty, folks, I am going to spring a question on Coach Carson that I get all the time. And I'm just going to sit back and eat some popcorn and see how a response to this. You ready to go, Chad? Let's do it. All right. All right, Chad. I get a hold of you. I call you up. I'm excited about real estate investing. But I got to tell you, dude, I am going to wait for houses to crash 30% and then I'm going to buy. What do you think? Oh, boy.

3:10.8

Well, multiple red flags for me on this one.

...

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