How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early) w/Chad Carson

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 20 January 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to retire early? Then, STOP buying rental properties. You heard that right; buying more rental properties may actually push you further away from early retirement IF you’ve crossed a certain threshold. Today’s guest proves you don’t need dozens of rental properties to reach financial freedom. Chad Carson, the “small and mighty” investor, is back to share why he scaled down his rental portfolio and now only works two hours a week because of it! Don’t know Chad? He’s the investor who did it right. After building a real estate business way too big for his liking, he and his partner thought, “Is this the life we dreamed of?” It wasn’t, so they began scaling down, only keeping the properties they loved and selling the rest. Now, Chad does what he wants full-time, including traveling the world and living abroad with his family, coaching other investors, and spending a fraction of his waking hours on his rental property portfolio. This is an investor who has actually retired early with real estate. Want to copy Chad’s blueprint to financial freedom in just ten to fifteen years? He’s sharing the three “phases” every investor goes through, including the most important one—the “harvesting” phase that allows you to retire early. How do you get to the “harvest” after all your hard work, and what should you do once you get there to unlock ultimate financial freedom? Chad is sharing it all, step-by-step, in this episode. In This Episode We Cover: How to retire early with fewer rental properties than you’d think The three “phases” of financial freedom investing (and how long it’ll take to retire early) How to start building your real estate portfolio even if you have no money or experience Why cash flow is far less important than you think when building a rental portfolio Why Chad sells some of his successful rental properties to pay off others (this is a cheat code!) Three tools you can use to start “harvesting” your portfolio and retire early And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube BiggerPockets Money Podcast Set for Life by Scott Trench Zeckendorf: The autobiography of the man who played a real-life game of Monopoly and won the largest real estate empire in history Find Your Next Real Estate Deal with PropStream Grab Chad’s Book “The Small and Mighty Real Estate Investor” Find an Investor-Friendly Agent in Your Area BiggerPockets Real Estate 1004 - How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson Connect with Chad Connect with Dave (00:00) Intro (01:52) Financial Freedom, Not Just Getting Rich (05:09) The "Harvesting" Phase (09:51) 3 Phases of Financial Freedom Investing (18:32) How to "Grow" the Right Way (24:29) What About Cash Flow? (26:58) How to Start "Harvesting" (33:55) Consolidating Your Portfolio (36:32) Spending Your Time Freedom Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1072 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, Dave Meyer here from Bigger Pockets.
0:07.9	You've probably been hearing a lot recently about achieving financial independence through real estate.
0:12.9	It's the idea that you can buy rental properties, which generate income as tenants pay you rent.
0:18.0	And when that income matches the cash flow you make from your regular job,
0:22.1	you can retire and live off your mostly passive real estate portfolio. Today, we're talking
0:27.8	with an investor who has actually done it. Chad Carson didn't need to accumulate dozens of
0:33.6	properties or use any crazy strategies to totally change his life through real estate.
0:38.6	He's a long-term buy-and-hold investor who's made smart decisions over a few decades,
0:43.8	and now that he's been patient, he has the freedom to travel, to play basketball,
0:47.9	and only spend a couple of hours per week managing his portfolio.
0:52.3	Chad was last on the Bigger Pockets podcast for episode 1004 back in August,
0:57.2	and that was one of our most popular episodes ever. So check it out, but I'm also really excited
1:02.3	to share today's fresh conversation with him about the different stages of real estate
1:07.2	investing. There's a starting phase, there's a growth phase, and we're going to
1:11.4	dig into a new concept that I'm super fascinated within, which Chad calls the harvesting stage.
1:17.2	So we'll talk about each of those phases, but we're also going to not just talk about what they
1:21.6	mean, but also the mindset that is required in each of those phases. Like, how do you go from this mindset of growing all the time and getting deals that
1:31.4	build equity to one that's a little bit more passive and perhaps a little bit more cash flow
1:36.1	focused?
1:36.8	This is something I'm personally dealing with in my own portfolio.
1:40.3	So I'm super excited to talk to chat about it.
1:43.3	And I think we're all going to learn a lot from his
	...

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