#353: How 8 Rentals Gave One Mom the Freedom to Be Work Optional
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 22 July 2024
⏱️ 38 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 #353 – Casey ran an Etsy shop to save $20K for her first rental and built a portfolio of eight rental properties. She and her husband overcame initial fears, embraced frugality, and strategically invested in B-class neighborhoods to achieve financial independence through real estate. Get insights into their strategies, challenges, and future plans in this episode.
▶️ Next Episode:
How One Landlord Keeps His Rentals Low Maintenance in 2024
📄 Show Notes:
https://www.coachcarson.com/brickbybrickwealth/
🎬 Timestamps:
0:00 - Casey Franchini's Real Estate Journey
01:55 - The Struggle with a Traditional Job
03:48 - Struggles in Southern California Market
06:49 - Importance of Getting Started in Real Estate NOW
10:11 - Investing in Memphis
11:52 - Using Etsy to Buy her 1st Rental Property
18:42 - Investing in Multiple Properties
22:57 - Investing Strategy and Buy Box Criteria
29:16 - Managing Rental Properties and Future Plans
35:09 - How One Landlord Keeps His Rentals Low Maintenance in 2024
🔗 Connect with Casey:
• Instagram: https://www.instagram.com/brickbybrickwealth/
• YouTube: https://www.youtube.com/@BrickbyBrickWealth
• Website: https://brickbybrickwealth.com/courses/
--------------------------
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💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine
Transcript
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| 0:00.0 | I started an Etsy shop, but I saved up about $20,000 and that's what we use for our first down payment. |
| 0:07.2 | That's Casey from Brick by Brick Wealth, a mom who helps support her family with income from only eight rental properties. |
| 0:13.1 | It's like a whole invisible person lives in our house and gives us their paycheck. |
| 0:16.9 | In this episode, you learned her struggle holding a traditional job. |
| 0:20.1 | And I would drive an hour and a half to work, and I would leave in the dark and I would come home in the dark. |
| 0:26.1 | Is this what life is supposed to be? Her fears while starting real estate. |
| 0:30.0 | Something inside was holding us back from going all the way and closing on these deals. |
| 0:34.1 | I was scared. And I didn't know if what I was doing was right. |
| 0:38.3 | And how she keeps her rentals low maintenance. |
| 0:41.0 | Then when someone's in there, you might get a phone call, like about something's broke. |
| 0:45.1 | I mean, there are months go by, I hear from nobody. |
| 0:48.1 | And now we're going to dig into all of that and more. You have eight properties. You have worked for six years to build up to that point. |
| 1:02.9 | Obviously, a lot of work. You're in a good place where you have cash flow and you have wealth. |
| 1:06.7 | But I want to pick that story apart. People are listening to the various stages of their journey. If you could, I want to go all the way back to before you even started investing in real estate, maybe do you have a story, a moment, a situation that kind of motivated you to even get in this in the first place? For those who were kind of on the fence about even getting into it, where were you when you just started this journey? Well, my dad actually kind of got me started thinking about the whole |
| 1:28.6 | entrepreneurial mindset and just doing things differently, going against the grain. So I had my dad |
| 1:33.7 | on one shoulder always saying, Casey, go your own direction, don't go get a nine to five job, |
| 1:39.2 | make more money for yourself. My mom, a nurse, right, carrying the family through all my dad's entrepreneurial journeys |
| 1:46.3 | was like, you need a job, you need to go be a nurse, go do something. Like, don't be like your father, |
| 1:50.9 | you know. I had the devil and the angel on each shoulder and I was like, ah! When I got my first |
| 1:56.3 | real job right out of college, it was in, I lived in Southern California at the time, and I would |
| 2:01.2 | drive an hour and a half to work. And I would leave in the dark and I would come home in the dark |
| 2:06.5 | and I was crying because I'm like, is this what life is supposed to be? I'm really supposed to |
... |
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