How a Couple With Full Time Jobs Built a $1.1 Million Net Worth Using Rental Houses

[@chriswebb4797]

Awesome! We are not that quite high yet. We are closing on unit 10 (8 in 2023) and it will bring our property worth over $1M. I am also happy to hear that I will see you in Vegas in Feb at the ORAAT event!

[@nano1147]

Coach man, you’re a killer in the field.. I noticed the dominance in the conversation. Cheers!

[@pbdmd3688]

Love the simplicity and story of this couple! Thank you Coach for bringing it to us❤ I’m in singe family too. 4 so far and train is not stopping!

[@CoachChadCarson]

You got this!! 4 rentals is awesome (Michael Zuber and I both talk about that as a very important milestone). Congrats! Keep rolling!

[@CharlieRealEstate]

Can't Stop Won't Stop! 4 is a great milestone. Now its time for DSCRs

[@Tytrades]

Let’s go 919 🤘🏽6 houses in 3 years is not bad

[@CryptoGod79]

Great video

[@annecalep5966]

Greetings from Papua New Guinea 🇵🇬...inspiring

[@CoachChadCarson]

Wow. Thanks for watching!

[@CharlieRealEstate]

I love to see couples working together at real estate. If more spouses would work together to build wealth more people would be well off! Great Video as always @coachcarson

[@CoachChadCarson]

Thanks for watching! Agree. It's a team effort

[@humorean]

It must feel good to have a good teammate

[@booktube8156]

Do you partner on deals at all? I would like a video covering the best partners for flip deals.

[@owenjamesk]

How’s that NC portfolio doing

[@gonoenriquez26.2]

Thank you Coach! I’m on house #6 Thanks to you and all the information you share!!

[@CoachChadCarson]

Great job! Congrats! and best of luck with whatever comes next!

[@leeroach3381]

Very helpful Thank you for sharing

[@CoachChadCarson]

Glad it was helpful! thanks Lee.

[@freestroke3156]

Hey Chad! This was very encouraging. I really appreciate the couple's point of view and helpful suggestions. I have just finished your recent book "The small & Mighty Real Estate Investor" and I love it! Thank you for all you do. My wife and I have 3 Rental properties and are looking into our first flip. Any suggestions would be appreciated!

[@CharlieRealEstate]

Be cautious about flipping it is an entirely different game. You may want to consider wholesaling first and learn the game that way.

[@CoachChadCarson]

Congrats on your success with the 3 rentals! And thank you for reading the book. Flips are all about (1) desirable locations so that you can sell it quickly (2) buying low (usually 20-30% below full value, not counting repair costs) (3) estimating repairs well. On your first ones, focus on cosmetic rehabs where you don't have major unknowns to deal with like foundation issues. Good luck!

[@freestroke3156]

@@CoachChadCarson will do. Thank you.

[@KelbySchimming]

Great video! I have a strategy in question that I am considering that involves recasting my mortgage. For example, I recast a 30-year, $400,000 mortgage with $350,000 remaining by paying a lump sum of $100,000 five years after the loan was originated. Recasting the loan would involve amortizing the remaining $250,000 balance over the remaining 25-year term. Under these circumstances, the monthly payment-assuming a 3.5% interest rate-would decrease from $1,796 to $1,252 following the recast. This is an extra $544 cashflow that I could apply to the same mortgage as monthly principal or pay more principal on another property. I am not sure if this makes sense? Thanks in advance!

[@CoachChadCarson]

If you are in debt paydown mode I think it could make sense to recast a mortgage and free up cash flow. But if you are still growing your portfolio that $100k could be better used on new properties. Or maybe you could pay cash for a new property (or make big down payment) and avoid 8% mortgage rates. That'll make you more money than paying off $100k mortgage at 3.5%

[@Walina-gv9ph]

Cap rate is based on NOI value. How are you betting the value component on unsold properties? r=i/V

[@gregguiltner8764]

I love her "school teacher" voice😂! My mom was a teacher for many years, and she would come home and project like she was talking to her classroom. Thank you guys for sharing all the details! I've discovered the same thing about being satisfied. One of my properties was marginal to me, but it did work as a rental. The appreciation has just blown me away. I know you can't always count on appreciation, but in this case, it turned into my best deal!

[@CoachChadCarson]

School teachers are good at a lot of different things after managing classrooms full of kids! We definitely need more of them. Thanks for watching and for sharing your thoughts, Greg!

[@gregguiltner8764]

@CoachChadCarson They are both really good at presenting the info so that anyone can benefit! They presented the successes as well as the land mines they encountered. I'd definitely be interested in an update from them at some point!

[@Resto56]

So another video to glorify people with money and act like they did something out of this world. Get out of here, man

[@CoachChadCarson]

If not this type, what kind of videos would you like to see?

[@ln5747]

🍋

[@Noid1977]

⁠@@CoachChadCarson Love the interview format, but I agree with Resto56. I would also like to see more interviews with people that started out with low income, and how they grew from little to a small and mighty investor.

[@CoachChadCarson]

@@Noid1977thanks for the feedback. Will keep looking for people who started from scratch or with little means. In the meantime, here are a couple of interviews I already had like that: - kzbin.info/www/bejne/nam6qGt3fbh2nbc - kzbin.info/www/bejne/gYPbaIOMnNimes0

[@CharlieRealEstate]

I think you can find gems in every person story so I would encourage you to focus on that aspect. #winnersmentality.