The ones with the most free time have small real estate investing portfolios. Watch my next video to see how many rentals you need exactly to retire! kzbin.info/www/bejne/d5DYqYGZeq6HoqM
@nadbed25504 ай бұрын
My wife and I can be compared to the first of the three. We have a number of apartments in the center of the city that provide us with enough income to be financially free. But our favorite piece of property is a cottage my wife inherited from her grandparents. It’s in the middle of the forest, and it’s surrounded by birch trees. My wife at first wanted to get rid of it, as she saw no value in it. We wouldn’t be able to sell it for a decent price, nor rent it out. But I told her to keep it. We renovated the cottage, and now it’s our favorite. I keep telling my wife that the sound of the wind running through the birch trees is like the sound of the waves crashing against the beach. That little cottage is our escape, our little eden. Worth very little in the market, yet priceless.
@DionTalkFinancialFreedom6 ай бұрын
Totally agree. “The right amount of cash flow. From the least amount of units.”
@CoachChadCarson5 ай бұрын
simplicity, simplicity, simplicity! But I still have some work to do :)
@DionTalkFinancialFreedom Жыл бұрын
Makes total sense. I retired with 16 units on 7 properties. Cash flow is 17k a month and I don’t really want more units.
@CoachChadCarson Жыл бұрын
thanks for sharing your example! That's inspiring!
@davido.91803 ай бұрын
great video, at a certain point more money is not living life … we need more Time not more money - time is limited … dying with a lot of money is not always win
@mattslowikowski3530 Жыл бұрын
This is beautiful. Only 2 properties in, but both really quality properties. Thank you for this.
@CoachChadCarson Жыл бұрын
Nice job! 2 properties is a big accomplishment.
@DownHomeMoney2 жыл бұрын
Love this Coach! Right there with you! Enough is Enough! Every new property I added created more stress so once I got purposeful on my goals, Life got BIG!
@CoachChadCarson2 жыл бұрын
Thanks Myra! Always good to hear from you. I Dm'd you on IG about potentially featuring you in my book. Hope you got it!
@erikg666 Жыл бұрын
At 23:10 I preemptively said “creativity” to myself. Nice to see I’m not the only one who feels this way.
@CoachChadCarson Жыл бұрын
for sure! Creativity gets squashed out of us as adults. It's such an important quality to rekindle. Thank you for the feedback.
@adelrezk37582 жыл бұрын
While doable, the whole purpose is doing and enjoying what matters. Leading with a purpose is a key!
@bernadettepineda41795 ай бұрын
Ty Coach, just on my first deal and I’m losing a lot of sleep…. and I know the key is not to stop since my goal is to get to the point that I could say enough is enough! This is so refreshing, thank you for your wisdom.
@CoachChadCarson5 ай бұрын
Glad to hear we're on the same page. Congrats on your first deal! I wish you best of luck with your next deals and for finding your "enough." Thanks for watching!
@charlesemina73322 жыл бұрын
you are right more is not better law of diminishing return
@user-wi5wv8jb5o2 жыл бұрын
.
@CoachChadCarson2 жыл бұрын
Exactly! Gotta find enough
@marcuslittle95062 жыл бұрын
Morgan Housel talks about the concept of enough in his book, The Psychology of Money. Love that!
@CoachChadCarson2 жыл бұрын
Great book!
@user-wi5wv8jb5o2 жыл бұрын
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@TheRetirementality2 жыл бұрын
Moving from the Virgin Islands back to FL has really made my content creating suffer. But, I'm about to get back at it. This is good stuff. If you want to interview me, I'm available to talk about my little portfolio.
@CoachChadCarson2 жыл бұрын
Thanks Jeff. I just replied to your email with the survey link updated. I look forward to hearing back.
@Brian-rs4ug2 жыл бұрын
Very Thought Provoking. This is a great video to help us reevaluate our values and ask why am I doing what I am doing? I rarely come across teachings that walk you through value clarification and getting down to what is most important in life. Nothing wrong with a thriving business and loving our work. But what’s is going to ultimately fulfill the deepest desires of the heart?
@CoachChadCarson2 жыл бұрын
Well said Brian! It's not an either/ or thing. Let's try to have that thriving business that fits in with our true goals and values.
@honkaiming4jesus9 ай бұрын
Coach Carson is the GOAT.
@matthewdaniels56592 жыл бұрын
I can tell this has been beating you up for a bit to not grow larger than what you can spend. I'm doing it myself but I miss enjoying life. Been at the grind for 12 years, slept in my truck or on the floor of an apartment to get it done (work a full time job with over time. I'm over it and have realized that I don't need anymore because I'm simple in needs! Thanks for your videos, it makes me feel better about deciding to build more. Love your content. Have a good day and thanks again.
@CoachChadCarson2 жыл бұрын
Thank you for sharing your thoughts and watching Matthew!
@christ-iamthewaythetruthan1290 Жыл бұрын
So much comforting.. peace!! I am happy I found you😀
@DowntownCharlieBrown-w5c Жыл бұрын
Great video. Right up their with the lifenaire book.I made the mistake many years ago thinking I wanted to be a rich big shot and bought a 48 unit building. Why manage 48 units when you get the same cash flow off of 5 homes free and clear. Much of the "equity" you get every month goes into repairs that reduces your cash flow to almost nothing. Huge hassle to be rich two days before death.
@worldwideachievers12342 жыл бұрын
Your absolutely correct on how we forget what we really want as we become adults
@CoachChadCarson2 жыл бұрын
It's like we have to figure out again who we want to be when we grow up;)
@worldwideachievers12342 жыл бұрын
@@CoachChadCarson I believe people could be happier if they understood this. Wondering do you claim real estate professional status since you own many properties? If so could you do a video on this topic as I think many subscribers would be interested.
@CoachChadCarson2 жыл бұрын
@@worldwideachievers1234 agree! Thanks again. I have not been a real estate professional for many years. I talk about spending an hour or two per week on my real estate so it would be hard to justify! But I do think it's a good video topic. Thanks for the idea.
@dfrank20442 жыл бұрын
Great episode lot of wisdom nuggets, "what matters". Thanks
@CoachChadCarson2 жыл бұрын
thank you! Glad you enjoyed it.
@gonoenriquez26.22 жыл бұрын
Love this! We all have different ways and I love that you respect that. Some people just love working and stressing its their personality and work ethic. I love working but my plan is to retire soon I get 10 payoff rentals. Thank you for everything you share!
@CoachChadCarson2 жыл бұрын
Exactly. Different approaches for different folks. But I don't think the small & mighty perspective of finding "enough" gets as much attention in the online world. Trying to change that. Thanks for the support!
@lhartzee-lb5wq6 ай бұрын
Love this so much, thank you! Wise sharing and bigger-picture thinking on life and investing.
@lamhamoon87852 жыл бұрын
amazing video
@CoachChadCarson2 жыл бұрын
Thank you so much! I appreciate you watching.
@shahnavazkm5 ай бұрын
The best video i have ever seen. Thank u. U have a beautiful heart.
@CoachChadCarson5 ай бұрын
thank you for watching and commenting! It means a lot.
@lamhamoon87852 жыл бұрын
thank you for your video loved it
@CoachChadCarson2 жыл бұрын
I appreciate you watching!
@amt7877 Жыл бұрын
Thank you I needed to hear this
@NicholasRadina6 ай бұрын
Really great. Thank you!
@leeroach3381 Жыл бұрын
Very helpful Thank you
@themisguidedpodcast2 жыл бұрын
This is absolutely great information and examples and i really needed this as I’m struggling to get another unit right now and want to scale because i see my friends scaling
@CoachChadCarson2 жыл бұрын
I get it! FOMO is real for us all, myself included. Finishing the race is more important than speed at start. And crossing the RIGHT finish line for you is the key. Thanks for comment!
@ryanmonti4903 Жыл бұрын
Thank you
@noelkambilinya11922 жыл бұрын
Wow. I’m inspired… may I reach my sweet spot.
@CoachChadCarson2 жыл бұрын
Exactly! Thanks for watching and best of luck.
@user-wi5wv8jb5o2 жыл бұрын
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@reynaldoguillen499 Жыл бұрын
I Agree, My $2,300,000 of 6 Single Family Rental Portfolio is quite enough for me and my 2 son's to continue the generational wealth.
@CoachChadCarson Жыл бұрын
sounds good to me! Congrats!
@jakethehitman-187 Жыл бұрын
Thanks like this
@krisplacek72923 ай бұрын
How many houses you have Chad?
@freedomworks39766 ай бұрын
You wild dreamer you ❤❤❤❤
@toddspangler66692 жыл бұрын
Exactly! Our goal has been NOT to get too big, otherwise, we'll be on the phone hours on end dealing with issues, basically buying a job. For us, a max of 8-10 units is fine.
@CoachChadCarson2 жыл бұрын
Love it!
@Thrive910Ай бұрын
What do you do for healthcare?
@CoachChadCarsonАй бұрын
The Obamacare exchange in my state. Have also used a United Healthcare plan but not sure I liked it as much.
@athenatong37682 жыл бұрын
Hi coach, is it possible to have an one to one with you on my investment strategy? Thanks!
@CoachChadCarson2 жыл бұрын
Hi Athena, thanks for your interest but at the moment I'm not doing any one-on-one consulting just because of some time constraints. However, I may do more in early 2023 so if you're on my email newsletter that'd be the best place to stay in touch. Thank you for the support.
@user-wi5wv8jb5o2 жыл бұрын
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@joycesewald1788 Жыл бұрын
Great video!!
@CoachChadCarson Жыл бұрын
thanks for watching, Joyce!
@jfl-mw8rp2 жыл бұрын
My dad was a entrepreneur back in the 70s and 80s. He always said watch out for the office growth. Many businesses get to a point where the office employs more than the main business. Such as manufacturing. When the office starts requiring more "help", that's when you need to step back and rethink your business.
@CoachChadCarson2 жыл бұрын
Good analogy with the office growth! I never thought about it that way and it makes a lot of sense.
@tracyneighbors70592 жыл бұрын
LOVE IT COACH! GOD BLESS! STILL TRYING!
@CoachChadCarson2 жыл бұрын
You've got this Tracy!!
@tracyneighbors70592 жыл бұрын
@@CoachChadCarson I PUT IN A BID ON MY FIRST RENTAL TODAY, THANK YOU COACH! WISH ME LUCK! LOL I GOT THIS!
@tracyneighbors70592 жыл бұрын
@@CoachChadCarson I CAN GET AN $80,000 AND UP LOAN WITHOUT MY INCOME TO DEBT RATIO COMING INTO PLAY WITH LOANDEPOT! BUT I CAN'T GET A LOAN FOR A $40,000 DOLLAR HOME THROUGH MY BANK BECAUSE OF MY DEBT TO INCOME BEING OVER THE LIMIT! I'M ON DISABLITY AND MAKE $17,000 A YEAR! BUT IN THE FIRST CASE THE INVESTMENT STANDS ON Its OWN, BUT ON THE SECOND ONE AT THE BANK INSTEAD OF A PRIVATE LENDER WON'T GIVE ME THE $40,000, AND THE DEAL TO THEM DON'T WORK WITHOUT MY DEBT/ INCOME BEING BETTER! WHAT LENDERS DO YOU HAVE THAT CAN HELP BEFORE I LOSE 2 DEALS! THANX COACH!
@tracyneighbors70592 жыл бұрын
PLEASE HELP.! THANX
@koelg58584 ай бұрын
🔥
@PierreEpage2 жыл бұрын
I would love to follow Tiffany and Darius' path, and I feel like I am semi-stuck. Would they be willing to have a conversation with me?
@CoachChadCarson Жыл бұрын
They are sort of a combination of several real people I know. What seems to have you stuck in particular?
@PierreEpage Жыл бұрын
@@CoachChadCarson I have my financial targets, and projected resources. Just not sure what strategy would get me closest to my goals in the best way.
@PierreEpage Жыл бұрын
@@CoachChadCarson earlier response disappeared... sorry if double response. lets say i know my financial targets, my goals, and I know roughly my projected resources... but the strategy to get there. thinking 50-60 units spread over 2-4 apt buildings such that property management can handle most of the day to day dealings. Tif and Darius 1031 exchange method I liked. ***But whats the best process to go about building that equity?*** I feel like that will take forever. I am in a HCOL location, so distance investing is one consideration but hard time figuring out where. The places where I know people, property values in the good areas are still kinda high. maybe I am missing one key piece...? I guess the key question is "what is the best process for me to build equity"
@TheDjnatronic2 жыл бұрын
No thank you!!!!! I'll keep my dreams alive!!!
@CoachChadCarson Жыл бұрын
What are the dreams you want to keep alive? Just curious.
@TheDjnatronic Жыл бұрын
@@CoachChadCarson owning large 300 Unit + Apartment complexes. Started investing this year with a 4-Plex and a Duplex
@CoachChadCarson Жыл бұрын
@@TheDjnatronic There's definitely a place and a need for people to do that. And if you're excited about it, that's awesome. Best of luck! My point in this video was just that it's not necessary to own that many units to accomplish most life goals. Simpler, smaller portfolios can do that just as well with less complication.
@Onecamera2 жыл бұрын
You are right on point. For anyone starting, think and dream of unit #1. Then #2 and #3 will soon come along. God luck to all.
@CoachChadCarson2 жыл бұрын
Well said! Thanks Francisco.
@Onecamera2 жыл бұрын
@@CoachChadCarson good luck in Spain.
@joerogan182 жыл бұрын
Not enough professional speaking up for the small investors. Good stuff Coach!
@CoachChadCarson2 жыл бұрын
I appreciate it Joe!
@maimorgan222 жыл бұрын
struggling to buy my first unit because I am scared to jump in. Thanks for the video!
@CoachChadCarson2 жыл бұрын
You've got this!
@EmilyGloeggler79848 күн бұрын
After living small and ending up homeless, I know what you claim is definitely a lie.
@stansanders69592 жыл бұрын
Amazing
@user-wi5wv8jb5o2 жыл бұрын
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@CoachChadCarson2 жыл бұрын
Thanks for watching Stan!
@joebrooks16952 жыл бұрын
Easy to say after you made your money! Just sayin
@CoachChadCarson2 жыл бұрын
Feel free to find your own path. Different approaches work for different people. And I was still hustling when I figured this out for myself.