Coach Carson - The Simple Way to Retire Early with Real Estate

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 20 January 2017

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

After delivering an epic guest post on the tax advantages of investing in real estate, I asked Chad Carson from CoachCarson.com to join me on the podcast to hear more about his own experiences with real estate investing.

Chad started with only $1,000 in the bank and was able to build up a real estate empire that now consists of over 90 units!

It’s an incredible story of hard work, intelligent money management, and perseverance so listen to find out how he did it. And if you’ve ever wanted to know what it felt like to be a full-time real estate investor when the entire housing market collapsed in 2008, hear how Chad survived despite making over 50 acquisitions in 2007 alone!

Highlights:

How to get started in real estate with no money
What is ‘bird dogging’?
Why you should invest in something that’s simple and understandable
The numerous ways to finance real estate purchases
What it was like to survive the financial crisis as a real estate investor after making 50+ acquisitions in 2007
The importance of having a cash reserve
Why you should house hack or do a live-in flip if you want to retire early
What Chad would do if he was starting again and wanted to reach financial independence as quickly as possible
Why you need to be cautious when considering passive real estate investing options
How buying real estate to live in is much different than buying real estate as an investment

Transcript

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0:00.0	I'm blind to give you a new finance.
0:05.0	Hey, welcome to the Financial Independence Podcast, the podcast where I get inside the brains
0:09.7	of some of the best and brightest in the personal finance space to find out how they achieved financial
0:13.2	independence.
0:14.2	You'll be familiar with my guest today if you read my last article.
0:17.6	It's Chad Carson from coach Carson.com and Chad was kind enough to publish an incredible guest post on my site all about the tax
0:26.5	optimization strategies when investing in real estate.
0:29.2	And it's a phenomenal article and it's an article I was hoping to write over the past few years, but since I didn't have the expertise to do it, since I'm not a real estate investor, I wasn't able to.
0:39.6	So when Chad came along and offered to write it for me, I took him up on the offer and I couldn't
0:45.0	be more pleased with it. So if you haven't checked it out yet, head over to the blog and check
0:48.9	out the most recent article and I'll also link to it in the show notes of this post in case you're listening to this far in the future.
0:56.0	But once Chad delivered his post to me, I knew I had to get him on the show to talk to him about his own story and how he was able to
1:03.2	accumulate 90 plus rental units with his partner and how he got started and what he
1:09.2	learned along the way so I also wanted to get him on the program because he and his family just moved to Ecuador for the year and that seems like quite an adventure.
1:17.0	They have two small children and they just uprooted their entire lives and just landed this past week in Ecuador and that's where
1:26.2	they're going to be for the year and it seems like it's going to be a really cool experience
1:30.4	so I wanted to dive into that as well.
1:33.0	Speaking of Ecuador, the Chautauqua is just opened for booking this week.
1:38.0	So if you're listening to this near the release date,
1:42.0	there should hopefully still be some
1:43.1	slots left so if you're interested in joining us down in Ecuador for a week definitely
1:48.9	head over to above the clouds retreats.com that's above the clouds retreats dot com and see if there are any tickets left and I'm pretty sure I'd just talk Chad into go and so if you like this interview and wanted to chat more with Chad.
	...

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