JF3306: Chad Carson - Finding the Balance Between Aspiration and Satisfaction

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 23 September 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this enlightening conversation with Chad Carson, we unpack the intricate journey of commercial real estate investment. From the balance between aspiration and satisfaction to understanding the deeper reasons behind urban development, Chad offers a unique perspective that integrates real estate knowledge with personal growth and community-building aspirations.

Key Takeaways:

The Moving Goalpost Phenomenon:
- Investors often shift their financial targets, leading to a never-ending race.
- Recognizing your "enough" is pivotal for satisfaction and growth in the industry.
Importance of Community Understanding:
- Chad recommends the book "Strong Towns" that emphasizes the financial dynamics and designs of towns, which is crucial for commercial investors.
- Engaging in local community activities and understanding urban development can influence investment decisions and enhance community welfare.
The Power in Diversification:
- Chad shares his strategy for investing in both single family rentals and small multifamily properties to create the ideal portfolio.
- He also discusses the power in "doing your own thing" with the lessons you learn from others to create the lifestyle you want to live.

Chad Carson | Real Estate Background

Owner of Coach Carson
Portfolio:
- 37 units, 99 units total - mix of small multifamily and single family homes
Based in: Clemson, SC
Say hi to him at:
- coachcarson.com
- The Small and Mighty Real Estate Investor (Chad’s book)
Best Ever Book: Strong Towns by Charles Marohn
Greatest Lesson: Understand your why before you scale quickly. Know where your threshold of success is and stick to it, so you don't end up chasing the ever moving goalposts.

Click here to learn more about our sponsors:

Delete Me

BAM Capital

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:00.6	Prom best ever to get $100 off your ticket.
1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action.
1:18.8	For more information go to best ever show.com.
1:22.1	Why am I doing this?
1:23.0	What am I trying to accomplish?
1:25.0	Specifically, I'd recommend the advice of doing that exercise of writing down,
1:28.0	how would you spend your time if you waived your magic wand and had
1:32.0	$300,000 a year coming in from your rental
1:33.7	properties right now what would you spend your time doing what would it be?
1:37.3	Welcome to the best ever show the world's longest running daily commercial
1:41.6	real estate podcast. Our hosts interview
	...

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