This is my Ideal Rental Property (size, materials used, buy box)

⭐ Join Rental Property Mastery, my coaching & learning community:
www.coachcarson.com/RPM-YT
🎙️ Episode 305 - Ever wondered what it truly means to buy properties that appreciate, add value, or offer positive cash flow? Join me on a revealing journey as I unveil my ideal rental property criteria. Let's demystify these concepts and empower you to tailor them for your market.
📄Show Notes:
www.coachcarson.com/mybuybox/
🎬 Timestamps:
0:00 - Intro
1:20 - Thank you
4:07 - Location
11:15 - Type of property
17:09 - The "lot"
23:53 - The "building"
32:13 - Final takeaways
🔗 Coach's Recommended Links:
Get Coach's Buy Box Example:
coach-carson-llc.ck.page/8236...
Small and Mighty Real Estate Investor (Amazon):
www.coachcarson.com/SMREI-amazon
Small and Mighty Real Estate Investor (BiggerPockets) - 10% off with coupon code CHAD:
biggerpockets.com/smallandmighty
________________________________________
⚒️ Get my FREE Real Estate Investor Toolkit:
www.coachcarson.com/toolkit-yt/
🖥️ My Real Estate Courses: courses.coachcarson.com
🔵 30 Days to a Better Rental Investor
🔵 Creative Financing for Real Estate Investors
📚 My Books:
📘 The Small & Mighty Real Estate Investor:
www.coachcarson.com/smallandm...
📙 Retire Early with Real Estate:
www.coachcarson.com/retiremen...
💰 DealMachine - Software to help you buy more real estate deals:
www.coachcarson.com/dealmachi...
✅Subscribe for more videos about real estate investing:
kzbin.info...
👋 Connect with me:
📸 / coachchadcarson
👍 / coachchadcarson
🐦 / coachchadcarson
🌐 For everything else: www.CoachCarson.com

[@CoachChadCarson]

Get the Free PDF of my Buy Box here: coach-carson-llc.ck.page/82360ef9b8

[@betsybishop2708]

Coach Carson, let me just say that hearing your episode on Real Estate Rookie with Ashley and Tony has been a HUGE blessing! Thank you for changing our mindset that one does NOT have to have 100 doors to be successful, especially when you enter real estate investing as 60 year olds! I listened to this very thoughtfully detailed episode with my Small and Mighty copy beside me- best book I've purchased so far. I would love a detailed episode of the Creative Strategies chapter and an episode for best strategies for people late to the game. BTW, We have a nephew looking at Clemson:)

[@jerrystpierreofficial]

Agreed. I intentionally built a small portfolio to meet our needs but not make a job for us. I am glad Coach Carson is brining this to the forefront. I am proud of what I have built. NO need to be shamed. Thanks for commenting.

[@CoachChadCarson]

thank you for your comments, Betsy! It means a lot. It makes me really happy that the Small and Mighty message is resonating with so many people. I think you'll like an interview I did with Karen and Bob - who started in their 60s: kzbin.info/www/bejne/iV6ThJSJm5qinK8si=Ng5w9_0aLCVpMn8g And I wrote this article and made a video called "the 2-minute drill of life" about starting later: www.coachcarson.com/too-late-invest-real-estate/

[@dayrelalcolea6916]

You are by far the best real estate content creator in youtube, I am still wondering why you don’t have much more views

[@CoachChadCarson]

thank you so much! That means a lot. You and others are viewing it, so I'm thankful for that!

[@patrickalexis6230]

Coach Carson, I love your videos. So are down to Earth and grounded. Thank you for your content.

[@CoachChadCarson]

thanks Patrick! Really glad they're helpful. Thank you for watching!

[@CurdBros]

We 100% agree with the "Small and Mighty" strategy. Owning smaller properties has its advantages. Getting to enjoy more of your videos lately. Thanks for the great content.

[@CoachChadCarson]

thanks for watching! Welcome to the Small and Mighty community:)

[@jordanthomas5259]

That "Romance" aspect of location is interesting. I haven't heard it before but I like that. It's like that intangible quality of a place that you can't quite describe - but it's really just a culmination of all the little things of a community - environment, parks, boutiques, cafes, etc.

[@CoachChadCarson]

exactly! Hard to quantify but it's really the essence of why people rent or buy something. Therefore we have to pay attention to it!

[@dstorm2.02]

Coach Carson, everything you are saying is so true, I recently found this out that the lot size and the location is worth a lot more over time. I currently own a Duplex here in Staten Island NYC. Please keep pumping out this content. 💌

[@CoachChadCarson]

thanks for confirming with your experience! I learned most of these lessons about location the hard way.

[@ffstretch]

Great thought process. Thank you

[@CoachChadCarson]

Thanks for watching!

[@thomascorrigan2917]

Love it! Thanks

[@charlesmendoza7261]

Awesome coach! Great info!

[@pbdmd3688]

This video is a gem Coach Carson!! what a clear thought process! No wonder years and years of your experience and hard work has gone into it and in your book ❤

[@CoachChadCarson]

Thanks for watching! You accumulate a lot of specific knowledge over 20 years. Happy to share it.

[@fwfeo]

That was such a fantastic video! So informative! I love those little details about the windows for example or the landscaping of a big plot! So helpful to me! Thanks coach!! ❤

[@CoachChadCarson]

Glad it was helpful! I always like to hear the details from others so I'm glad you liked hearing it.

[@dfrank2044]

Thank you coach, I saved this as my favorite video. I will watch it several time, nuggets of wisdom many thanks.

[@CoachChadCarson]

glad to hear it! Thank you so much for watching. Good luck with your investing!

[@TeslaFIRE88]

your books are my RE rental properties bible, thank you thank you thank you coach!

[@CoachChadCarson]

Thanks Jason!! makes me happy to hear!😁

[@amyfrostcreative6636]

Thank you for all of this valuable information!

[@CoachChadCarson]

happy to share! Thanks for watching.

[@richardseel3700]

Great Podcast - Having listened to your podcasts for the last 6 months, I've actually created my own "Buy Box" without realizing it. I especially liked the details on the unit sizes and materials info. Your information is always helpful and complete. Thanks again, R Seel

[@CoachChadCarson]

I appreciate you listening! Thanks for the feedback. Good to know this is helpful.

[@Investorjerm]

Great video just purchased the book on audible looking forward to listening. Thank you

[@CoachChadCarson]

Hope you enjoy it! thanks for listening🙏

[@r.5108]

very informative, keep up the good work

[@CoachChadCarson]

thanks for watching!

[@hermanchan6260]

Definitely gonna get the book. I like your down to earth videos

[@CoachChadCarson]

thank you! Let me know what you think.

[@leeroach3381]

Very helpful Thank you for sharing

[@CoachChadCarson]

thanks Lee!

[@jerrystpierreofficial]

Coach, I love this. I have a small portflolio. Two things I have come to look for are trees and decks. Both are costly along the way.

[@CoachChadCarson]

Trees and decks cost me a lot of money, too!

[@rmbrugge]

Thanks so much for this well done video🙂

[@CoachChadCarson]

Thank you for watching!

[@jessescott3558]

Excellent work

[@CoachChadCarson]

thanks Jesse!

[@wadehuber4366]

Thanks Coach!

[@CoachChadCarson]

🙏

[@danielmills3337]

This is awesome! I wish I knew this before I started investing in 2014.

[@CoachChadCarson]

me too! Unfortunately we learn through school of hard knocks (until KZbin!)

[@wallyjohnson4971]

Great video!!!

[@CoachChadCarson]

thanks for watching!

[@johmu5466]

The level of detail in this video is extremely helpful... ...Also, since you asked, any audio "extended versions" of the book sections as KZbin videos would be really great... Always learn new things from you - Many thanks...(!!) Ordered the book via Amazon (would look forward to a Kindle version too if it becomes available)

[@CoachChadCarson]

thanks for the feedback! More extended version videos of the book to come! And thank you for buying the book. The Kindle book is delayed on Amazon buy coming soon!

[@johmu5466]

@CoachChadCarson You're welcome - and thanks for the info re all !

[@erickvarela2777]

I want that book!

[@CoachChadCarson]

Thanks! I hope you like it.

[@tedknudstrup6101]

Great job on the nuances of investment realestate. I get tons of calls and most are clueless about all the subtleties of location, lot, materials and layout? Probably get your book and recommendation it. Thanks again.

[@CoachChadCarson]

Thank you!

[@user-ci5in5ey9u]

I have read so much and listened to so much. This is just what I needed. Thanks!

[@CoachChadCarson]

glad it was helpful! thanks for watching.

[@janitoronfire]

Just ordered my book on Amazon.

[@CoachChadCarson]

🙌Many thanks! Hope you enjoy it and find it helpful!

[@iwantosavemoney]

Just bought your book sir

[@CoachChadCarson]

thank you! 🙏I hope you find it helpful.

[@MichaelHinnen]

What’s an avg. 3/2, brick house cost in your area? As a new investor, the 3/2 brick is definitely ideal, but so hot right now it’s hard to find them that will cash flow in our area. We’re house hacking one that we will live In for a year or two with 5% down, but when we move out, should cash flow $150-200, but that doesn’t include expenses. Decided to do it because it was for sale by owner and a 2020 build, so expenses should be low and are trying to also play the appreciation game.

[@iwantosavemoney]

I bought the book I don’t have it yet but I would like to get into a very good rental agreements that meets my needs and the renters

[@RiskOnTrading]

Small multifamily criteria : are you shooting for 3/2 or 2/1 in a down town “the lots location is the amenity” I don’t know why but I have trouble seeing and understanding who rents a 2/1 for long . Currently aiming for 3/2 duplex in Colorado . I can aim more for single soldiers in the city . Older buildings, or newer, bigger 3/2 per unit , 30 min away from that “the lot is the amenity” location I’m afraid of things breaking and going wrong draining my cash on hand with a 2/1 style duplex / 4 plex in that better lot location . What do you think between the two ? I know that wasn’t very much detail but in general as far as location . Colorado Springs vs north end of Pueblo Colorado

[@abq5525]

Great video, thank you. Do you recommend small homes near hospitals? What do you think about those?

[@CoachChadCarson]

hospitals have a lot of jobs. So, as long as the neighborhood is quite, safe, and convenient that sounds great!

[@abq5525]

@@CoachChadCarson thank you your time and effort. I am a big fan.

[@Joseph-ux8xg]

Thank you for information coach!! Hey, what do think about John Shaubs owner financing course. I was thinking about purchasing it.

[@CoachChadCarson]

I pretty much like anything by John Schaub! Thanks for watching.

[@Joseph-ux8xg]

@@CoachChadCarson Me too I'm currently reading his third edition of "Building Wealth One House at a time" (read the 2nd edition as well). Buying yours after I'm finished with this one. Have you attended the owner financing course or bought the at home owner financing course?

[@cuttingpro]

Love this content. Have watched many of your videos. I’m in the Nashville, TN market. Real Estate prices here are off the rails. Any hope to be a small and mighty investor?

[@CoachChadCarson]

thanks for watching! Yes, there's still hope to be a small and mighty investor even with the current market. It takes more work but I know lots of people buying lately. You've got this!

[@2ndchancecellular]

Coach you said there are only two ways to make money cash flow or appreciation but that's not true. There are also the tax benefits of depreciation deducting paying points on your mortgages being able to take out a HELOC and not pay any taxes on it because it is borrowed money etcetera etcetera. I saved 65000 on my taxes from doing a lot of real estate investing several years ago

[@CoachChadCarson]

You're right. Tax savings is another way to make money. But when analyzing and deciding to buy real estate, I don't like to include tax benefits. They can be taken away at a whim my law makers, so I don't consider it a core economic driver. Of course - I do like to take advantage of it as long as it's here, though.

[@mcanultymichelle]

👍got 🤔

[@NICOHOLGUIN-sm4dd]

Great info would like to personally meet you some day

[@CoachChadCarson]

I'll be at BPCon this year. Hope to see you sometime.

[@selekedintwe1066]

Just watched the video. Is the pdf still available on the thread?

[@CoachChadCarson]

It's in the description but it was hard to see. Thanks for the heads up. Here it is: coach-carson-llc.ck.page/82360ef9b8

[@Johnsmith46392]

I’m changing my buy box to have newer homes because the insurance is getting crazy.

[@CoachChadCarson]

For sure. What part of the country do you invest in? I've heard insurance is very hard to get in some places.

[@Johnsmith46392]

@@CoachChadCarson Florida. Rates have gone up 300% in the past few years.

[@ln5747]

My problem with studio and 1 bed apartments is that for the small outlay and good return you're dealing with more sets of tenants and the problems humans bring with them. I'd rather have 10 family homes with a lower rental yield than 20 1 bed apartments of the same value/money invested.

[@CoachChadCarson]

I like homes for the reasons you state as well. And I have a number of house rentals. My market is a niche market (college town) and studios and 1-bedrooms are just my preference within the apartment market. We do have a lot more turnover being in a college town, but I almost never have vacancy because my units are in such high demand.

[@user-pt2if5td8l]

How do you get 30 year loans on investment property?

[@CoachChadCarson]

With good credit, enough documented income, and a 20% down payment, there are conventional loans for investors out there. It usually gets tougher to be approved with each loan, and I think 10 loans max is the cut-off. But there is also a loan product called DSCR (debt service coverage ratio) that gives investors 30-year loans as well. Just google it. They're more flexible on personal income, but are more strict on the income the property itself products. Those are your two best bets! Good luck!

[@user-pt2if5td8l]

@@CoachChadCarson thank you for taking the time to reply

[@ohameed]

Do you include year built in your buy box?

[@CoachChadCarson]

Yes, i think that's a good idea. Newer houses are easier for remodeling. I like old houses too but it's a perfect thing to include

[@ohameed]

@@CoachChadCarson i try to stay away from properties built before the 70s. Older ones seem to come with more maintenance issues. Thank you for the feedback!

[@rdbeaz]

3 bed 2 bath 1200-1700 sqft

[@CoachChadCarson]

great!

[@isaiah24.5]

Full of crap

[@CoachChadCarson]

ok