#327: How to Choose Your Perfect Real Estate Strategy
Real Estate Investing with Coach Carson
Chad Carson
4.9 โข 613 Ratings
๐๏ธ 22 January 2024
โฑ๏ธ 28 minutes
๐๏ธ Recording | iTunes | RSS
๐งพ๏ธ Download transcript
Summary
โญ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
๐๏ธ Episode 327 โ Dave from BiggerPockets shows the blueprint to tailoring your real estate strategy. Whether you're a newbie or a seasoned pro, learn how to build a resilient, purpose-driven portfolio that aligns perfectly with your unique goals. Success in real estate, your way!
๐ Show Notes:
https://www.coachcarson.com/perfectstrategy/
๐ฌ Timestamps:
0:00 - Intro
1:08 - Biggest challenge when choosing
3:10 - Your Resource Audit
9:34 - Your Deal Design
14:19 - Your Portfolio Optimization
20:12 - Key Portfolio Metrics to pay attention to
25:14 - Final advice
๐ Connect with Dave Meyer:
- Start with Strategy Book: https://store.biggerpockets.com/products/start-with-strategy
- Dave's Instagram:ย https://www.instagram.com/thedatadeli/
- On the Market Podcast: https://www.biggerpockets.com/podcasts/on-the-market
ย --------------------------
โ๏ธ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-podย
๐ฅ๏ธ Learn with Coach (Courses, Books & more):
๐ Connect with Me:
๐ธย https://www.instagram.com/coachchadcarson
๐ย https://www.facebook.com/coachchadcarson
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 | Define what financial success is before you really get into the game. |
| 0:04.1 | That's Dave Meyer, Vice President of Data and Analytics and Bigger Pockets. |
| 0:08.0 | And he believes that the perfect real estate strategy for you is well, personal, |
| 0:11.9 | which means you shouldn't worry about what other people are doing. |
| 0:14.9 | There are many, many valid ways to succeed in real estate investing, |
| 0:18.9 | and you should just focus on the ones that are right for you. |
| 0:21.1 | In this episode, you'll learn the important first step that most people skip over in real |
| 0:25.5 | estate investing. Just think about like, what do I actually want to get out of real estate investing? |
| 0:31.0 | How to design the ideal investment property for you? Once you know your goal, then you can start |
| 0:35.9 | to design deals that work for you. Your financing |
| 0:39.3 | strategy, what property class you're going to buy. How to optimize your portfolio once you already |
| 0:44.7 | own some rental properties. If you sold your property, would you do better on cash on cash return or |
| 0:50.5 | works? And the key metrics to pay attention to at the end of your financial journey. |
| 0:55.1 | Evaluating across your portfolio. And now we're going to dig into all of that and more. |
| 1:04.0 | What's the problem you see a lot of smaller or just individual, whatever real estate investors |
| 1:13.0 | that get them to the point where they need to focus on strategy? |
| 1:17.5 | Because the name of the book starts with strategy. |
| 1:19.7 | Is it overwhelm? |
| 1:20.8 | Is it the fact that people have a thousand different ideas and they can't even figure out |
| 1:24.2 | where they should do? |
| 1:24.9 | Talk to me a little bit about what the common challenges are people are facing. |
| 1:28.6 | There is just an abundance of options in real estate to buy, and it's complicated to figure out |
... |
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