795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson
Podcast: BiggerPockets Real Estate PodcastPublished On: Sun Jul 23 2023
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 Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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