Financial freedom with only a handful of rental properties!? So many real estate investors are convinced that amassing units is the key to bigger profits, but the truth is that a strategy involving fewer doors can be just as—if not more—effective. Today’s guest is an advocate for the “small and mighty” real estate portfolio that allows you to create passive income, pursue your passions, and achieve financial independence on your terms!
Welcome back to another episode of the Real Estate Rookie podcast! Today, we’re sitting down with Chad “Coach” Carson to discuss his latest book, The Small and Mighty Real Estate Investor. Enjoying the flexibility that many rookie investors dream of, Chad and his family live abroad while his property managers handle the day-to-day operations of his rentals stateside—allowing him to spend very little time on his business each week.
If you want to achieve financial freedom without becoming enslaved to your real estate business, this is an episode you won’t want to miss! Chad speaks on creating passive income through real estate, how to enjoy a two-hour workweek, and why accumulating more units shouldn’t be your end goal. He also talks about the three phases in every real estate journey and why the final phase is the key to unlocking your financial independence!
Remember to pick up Chad’s new book and use code “SMALL306” at checkout!
In This Episode We Cover
How to build a small real estate portfolio that supports your financial goals
The three important phases in every real estate journey
Lean FI, fat FI, and why you should know both numbers before investing
The people and systems you NEED to create passive income from your rentals
Arriving at “enough” when scaling your real estate empire
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner
Books Mentioned in the Show
Retire Early with Real Estate by Chad Carson
Get Your Copy of “The Small and Mighty Real Estate Investor” and Use Code "SMALL306" for 10% Off
Connect with Chad:
Chad's BiggerPockets Profile
Coach Carson Podcast
Chad's Instagram
Chad's YouTube
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-306
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383: Rookie Reply: “Managing” Your Property Manager & How to Invest While in Debt w/Tiamo Wright and Mindy Jensen
382: The REAL Cost of Bad Tenants and “Cheap” Contractors (Mistakes to Avoid!) w/Dan Stowell
381: Making $7K/Month in PURE Cash Flow with Only 3 Rental Properties w/Bailey Kramer
380: Rookie Reply: How to Start Investing, Walking Away from Deals, & Co-hosting
379: How to Buy Your First or Next Rental Property in 90 Days (or Less!) w/Dave Meyer
378: Paying Off $100K in Debt with 3 Rentals Thanks to THIS Low-Money Strategy w/Dave Williams
377: Rookie Reply: Cash Flow vs. Appreciation, Using HELOCs, and Trashed Rentals
376: The $150K “Stolen” Rental Property and How to Avoid a Real Estate Scam w/Matt Drouin
375: Making $160K/Year From ONE “Rare” Property Thanks to Seller Financing w/Adam Howard
374: Rookie Reply: Screening Tenants, Using Hard Money, and Raising Rents
373: Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business w/Nicole Rutherford
372: $4K/Month and Financial Stability From Rentals After Losing His “Safe” Job w/Kevin and Julia Windheuser
371: Rookie Reply: Estimating Rehab Costs, Finding "Hard Money," & Tax Planning w/Natalie Kolodij
370: Making $140K/Year & Retiring His Wife in 18 Months with “Rental Arbitrage” w/Keron Bryce
369: Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio w/Dion McNeeley
368: Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij
367: How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal
366: The EASIEST Way to Get into Real Estate Investing With NO Money w/Amina Stevens
365: Rookie Reply: How to Analyze Deals Like a PRO (Use THESE Numbers & Tools)
364: Making $115K From a Nightmare First Deal (Cops, Evictions, and Break-Ins!) w/Mitch Krotz
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