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Real Estate Investing with Coach Carson

#463: How I Turned 1 Ugly House Into 3 New Rentals

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9613 Ratings

🗓️ 5 December 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm

 

🎙️ Episode #463 – What looks like a terrible deal on the surface can become a long-term winner with the right strategy. Coach Carson breaks down how one buzzard-covered house beyond saving turned into three brand-new rentals through creative thinking, zoning insight, and smart financing.

 

 ▶️ Next Episode: Why I'm Building Properties NOT Buying (Build-to-Rent 101)

 

📄 Show Notes: https://www.coachcarson.com/3newrentals/

 

🎬 Timestamps:

  • (0:00) - One of Chad's craziest deals
  • (1:35) - Price ranges for Clemson area
  • (4:30) - How Chad found the property
  • (5:53) - Running the numbers
  • (10:48) - Were these numbers worthwhile?
  • (14:42) - The long-term plan 
  • (17:55) - What the lot looked like
  • (20:12) - Join my Private Community (20:40) - Why I'm Building Properties, NOT Buying

____________________________________________________________________    

💵 Need Investor-Friendly Financing? This is who I trust → https://www.coachcarson.com/bryan

🏠 TurboTenant – Streamline Your Property Management for Free: https://www.coachcarson.com/turbotenant


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

Transcript

Click on a timestamp to play from that location

0:00.0

Today I'm going to show you one of the craziest deals I've done in my real estate market.

0:03.2

I bought a completely trashed house, I mean buzzards on the roof, trashed, and I'm turning it into three brand new rental houses. This video actually started as a behind-the-scenes training in my rental property mastery community known as RPM. I call it Coaches Business Backstage, and I walk members through real deals for my business with full transparency, numbers, and lessons learned. So today you're also getting that sneak peek. And I'm going to show you how we found this property, how the numbers worked, why we tore it down, how we financed it, and exactly how we turned one nasty house into three buildable lots. Hey, everyone. I want to go behind the scenes and share a recent deal that my business partners and I did in Clemson. And I've told some of you about

0:38.9

this property. It's a existing house with an extra lot. We've torn the house down and we're now building

0:45.2

a new construction house. We divided those two lots into three lots. And then we're building a new

0:50.5

construction house. So I want to share the numbers with you, share the story of how we found the property, how we negotiated and bought it, also kind of how we're financing it, where the money's coming from, and what our sort of overall operation and this looks like. So if you have any questions about this, I'm just kind of stream of consciousness showing you a bunch of stuff randomly here. If you have any questions, let me know. My goal here is just to be transparent with you. One of the benefits of RPM, and really I'd love to encourage everybody to do this, is I'm willing to share everything behind the scenes with you to help you learn and grow and get better as investor. I'm not saying I'm doing all this perfectly, but just I just want to share these details and hopes that it'll help you do more of your own deals. And maybe there'll be a couple insights here and there that can help you do better deals, buy better deals, build better deals. And so let's get started with it. This property is 101 Issaquina Trail in Clemson, South Carolina, which is my home market. You can see as an old kind of ranch 1950s brick house. The owner of the property had let his family

1:45.8

member, I think a daughter, a granddaughter lived there for a long time, trash the house,

1:50.4

pets living inside, nasty, you know, just go to the bathroom inside the house, just really,

1:55.3

really gross. But good location. So let me show you the kind of the context, the Clemson and my buybox.

2:02.6

So if you zoom out on Zillow here, 18 Mile Creek is the kind of border line between Pickens County, Anderson County, the town of Pendleton and Clemson.

2:11.6

And my little markets that I really like to focus on are Clemson Central Pendleton.

2:15.6

They all, you know, right now, Clemson University Pendleton they all you know right now Clemson

2:17.9

university is right here that's the big draw there's another town called Seneca nearby

2:21.3

across another county so there's three counties here Anderson Pickens and O'Conney and we're

2:26.5

right at the kind of corner of those three and Clemson is the big drawls where everybody you

2:30.7

know people go to school there faculty members work there that's like the big factory of our town there's 20,000 people or so in the city of clompson there's about five to

2:39.6

seven thousand in penleton about five to seven in central so maybe like 30,000 or more in these three

2:46.6

towns plus you have some university students that live on campus then you have to seneca has it's

2:51.4

you know probably 10 um 10 and 15 000 as well so it kind of gives you an idea like the overall

2:57.0

area the size of the area my little zip codes are these three but i really like the best you know

3:02.9

all of them have their pluses and minuses that central is more affordable than clumson or pend. Pendleton is a little bit more affordable than Clemson. Pendleton has like an old historic feel. It was like the old historic town before Clemson even existed. And so it's got kind of some characters and some cool stuff about it. But I like to be, you know, the school district and everything else in Clemson is probably the best. So that's kind of, you know, Plan A is in Clemson. And this property happens to be in Clemson. And it's hard to find lots

3:27.7

that are affordable or houses that are affordable in Clemson. So affordable on rent or price.

3:32.9

Like you'll see a lot of new construct, a lot of houses in the 380s to 500,000. Here's a lot for 160.

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