#85: Do You Need to Be Handy to Invest in Real Estate
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 21 November 2019
⏱️ 8 minutes
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Summary
Episode #85 - Real estate investing often involves fixing up properties, so does that mean you have to be handy to be a successful real estate investor?
Coach Carson reveals that he is definitely NOT handy, yet he's invested in hundreds of properties with repair and maintenance issues.
So, if you're in the same boat, you can be successful too. But Coach does share some tips and skills you DO need even if you don't swing a hammer.
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Transcript
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| 0:00.0 | If you are not handy or good at fixing up properties with your own two hands, is it possible to |
| 0:05.9 | still be successful as a real estate investor? That's the question we're going to tackle in |
| 0:10.9 | this Ask Coach edition of the podcast, and we're getting started right now. |
| 0:26.7 | Welcome to the Ask Coach edition of the Real Estate and Financial Independence podcast. |
| 0:28.4 | My name is Chad Carson. |
| 0:29.5 | You can call me Coach. |
| 0:35.8 | This is a show all about real estate investing, financial independence, and doing more of what matters. |
| 0:39.2 | You know, I totally get this question because if you think about the core of real estate investing, you think about HGTV, house flipping shows, landlords who |
| 0:46.0 | get their hands dirty and have fun, you know, knocking in walls of a house and then putting it |
| 0:49.8 | back together, making it beautiful. But I need to admit something to you right off the bat. I am not |
| 0:55.9 | handy at all. Might as well get that out of the way right here. It's not to say, and I'm going to talk |
| 1:02.3 | about this here in a minute, that I don't know a lot about fixing up properties and haven't learned |
| 1:07.8 | a lot about that, but me actually getting there, cutting something straight with a saw, using tools and being |
| 1:14.3 | able to fix stuff up, doing my own maintenance on rental properties, not at all. |
| 1:19.5 | I've hired other people to do that. |
| 1:21.6 | And so that's my quick answer to this question is, do you need to be handy and to be |
| 1:26.8 | successful in real estate investing? The answer is no. |
| 1:30.1 | But there's some nuance to that response because if you are handy, if you are a contractor, |
| 1:35.3 | if you enjoy flipping houses, fixing them up, turning them around, it can be a real asset for you. |
| 1:39.6 | So if that's the case for you, don't shy away from that. In fact, embrace that and say, this is a great reason to get into real estate investing |
| 1:46.6 | because unlike buying a stock, unlike buying a bond, putting money in a CD in a bank, |
| 1:52.1 | you can actually influence the success of your money, the success of your investment. |
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