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Real Estate Investing with Coach Carson

#327: How to Choose Your Perfect Real Estate Strategy

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9 โ€ข 613 Ratings

๐Ÿ—“๏ธ 22 January 2024

โฑ๏ธ 28 minutes

๐Ÿงพ๏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

๐ŸŽ™๏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!

๐Ÿ“„ Show Notes:

https://www.coachcarson.com/perfectstrategy/

๐ŸŽฌ 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

๐Ÿ”— Connect with Dave Meyer:

ย --------------------------
โš’๏ธ Get my FREE Real Estate Investor Toolkit:

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

๐Ÿ–ฅ๏ธ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.comย 

๐Ÿ‘‹ Connect with Me:

๐Ÿ“ธย https://www.instagram.com/coachchadcarson

๐Ÿ‘ย https://www.facebook.com/coachchadcarson

๐Ÿฆย https://twitter.com/CoachChadCarson

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

Transcript

Click on a timestamp to play from that location

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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