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795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson

795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson

FromBiggerPockets Real Estate Podcast


795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson

FromBiggerPockets Real Estate Podcast

ratings:
Length:
60 minutes
Released:
Jul 23, 2023
Format:
Podcast episode

Description

Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to.
For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio.
In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount!
In This Episode We Cover:
How to retire early with rental properties and only work two hours per week
When to take profits and when to reinvest in your portfolio
Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom
The five most commonly believed myths about building a real estate portfolio 
Paying off your rentals early and the double benefit of being debt-free
And So Much More!
Links from the Show
Find an Agent
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David's BiggerPockets Profile
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David’s YouTube Channel
Work with David
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
BiggerPockets Podcast Ep 84
BiggerPockets Podcast Ep 141
BiggerPockets Podcast Ep 293
Real Estate Rookie Podcast Ep 306
BiggerPockets Money Podcast Ep 19
Books Mentioned in the Show
BRRRR by David Greene
Long-Distance Real Estate Investing by David Greene
Pick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795”
Connect with Chad:
Chad's BiggerPockets Profile
Chad's Podcast
Chad's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795
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Released:
Jul 23, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.