The Benefit of Starting Small in Real Estate

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 24 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join host Jaren Sustar and guest Chad Carson, a distinguished real estate investor, author, and podcaster who obtained financial independence through real estate in his 30s. In this episode, Chad reveals the secrets to building a 'small and mighty' rental portfolio, the significance of a tactically balanced business approach, and the power of leveraging Other People's Money (OPM) to maximize wealth.

Discover practical strategies for funding deals, managing risk, and maintaining a manageable yet lucrative property portfolio. Additionally, Chad shares his experiences from the 2007-2009 financial crisis and the 2020 COVID-19 pandemic, offering invaluable insights for long-term investment success. Whether you’re new to real estate or looking to refine your tactics, tune in to learn how strategic decisions and persistence can lead to lasting financial freedom.

00:00 Introduction
00:28 Meet Chad Carson: The Small and Mighty Investor
04:37 The Importance of Taking Risks
11:39 Building a Real Estate Portfolio
17:10 The Power of Using Other People's Money
20:35 Embracing the Small Money Investor Mindset
21:35 The Advantages of Single Family Homes
22:54 Success Stories: House Hacking and Flexibility
23:52 Lessons from Scaling a Rental Portfolio
25:42 The Importance of Debt Management
26:39 Financial Freedom and Personal Fulfillment
29:04 Surviving Economic Downturns
32:18 Long-Term Real Estate Market Outlook
34:39 The Power of Hard Work and Hustle

Transcript

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