How I Reached Financial Independence Through Real Estate – With Chad Carson
#403: September Sabbatical continued! If you’ve been listening to the show for the past few years, then you know that we’ve entered our September Sabbatical, where the team takes a break from podcast production and airs a few of our favorites from the 400+ episodes we’ve aired to date.F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship.This September, we’re running four weeks of episodes focusing on each of these four pillars. Today’s episode is focused on real estate.—-------------------------------------------------------------------------------------Chad Carson’s friends called him a “nerdjock.”When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn’t have any money.He was a 235-pound athlete who attended college on a football scholarship. He graduated debt-free with $1,000 in savings from various odd jobs. He wanted to become an entrepreneur, and he knew he was starting from zero.As Chad viewed it, starting from zero meant he had nothing to lose.He started jogging around local neighborhoods near the university. Whenever he noticed a property in disrepair, he’d ask if it was for sale.If he noticed a ‘For Sale by Owner’ sign in the yard, for example, he’d dial the number.If he noticed a home with an overgrown lawn and no curtains in the windows, he’d leave a note on the door, or he’d knock on the neighbor’s doors to get the owner’s phone number.By doing this, Chad started a real estate wholesaling business. He’d find off-market properties, enter into a sales contract with the owner, and then ‘flip’ the contract to an investor. He earned around $5,000 for each deal.The benefit to a wholesaling business, Chad discovered, is that he could get a foothold inside the real estate industry without much access to capital. He was a recent college graduate without any official employment, so most banks weren’t interested in offering him loans. Wholesaling gave him a start in the industry.But after awhile, he wanted to chase bigger deals. He and a business partner decided to start flipping houses themselves. They earned profits of around $20,000 to $30,000 for each deal.While this was great, Chad wanted to transition into something that would provide a steady, stable income stream. He was running an active business; he wasn’t accumulating a portfolio of passive investments.He and his business partner stopped flipping homes and began accumulating buy-and-hold rental properties. Today they have 90 units between the two of them.A few years ago, Chad realized that the passive income from his investments made him financially independent. He and his wife decided to enjoy their newfound freedom by moving to Ecuador with their two children, ages 3 and 5.They spent 17 months living in Ecuador, learning Spanish and enjoying a slower pace of life. They recently returned to the U.S. and are considering moving to either Spain or Germany — or maybe Colorado? — for their next adventure.In today’s episode, Chad and I discuss real estate, financial independence, and international travel with children.Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Several years ago, Chad Carson and his family moved to Ecuador without making any plans beyond a three-day Airbnb rental. They ended up living there for 17 months. Now they are preparing for a move to Spain for a year. Carson played football at Clemson from 1998 to 2001 but has carved out life and leadership that is totally separate from the sport that defined him in college and high school. Carson's success in the real-estate business has allowed him, his wife and two children the flexibility to explore the world. It's also granted him the time to pursue his passion of making Clemson's transportation infrastructure inclusive of more than just automobiles. Carson joins the podcast to talk about his life in football and after football, and he offers his reflections on the rapid changes in college athletics. "I'm not saying that getting a scholarship and an education is not valuable -- it really is. But I think college football has always been a pro sport. We were treated like pro athletes all along. It's a business, and you get pushed hard by coaches who are saying 'sink or swim' because their jobs are on the line, and they're facing the pressure of getting paid millions of dollars. It's a pro sport that happens to be on a college campus. In my mind there has always, always been a disjunction there -- coaches making millions of bucks, players making nothing. It didn't sit right with me, particularly knowing that a few of those really big-time players were generating a lot of that revenue. It never seemed equitable to me."
Tim and Lisa are delighted to have Chad Carson back on the podcast!If you missed it, Chad first came and talked with us in Season 2, Episode 30.Chad is the author of Retire Early with Real Estate: How smart investing can help you escape the 9-5 grind and do more of what matters. He's a featured contributor on the Bigger Pockets Blog and has been featured on sites and podcasts like MadFientist.com, SideHustleNation.com, 1500days.com, The Radical Personal Finance Podcast with Joshua Sheets, and The Best Real Estate Investing Advice Ever Podcast with Joe Fairless.How You Can Connect With Chad:Contact Me Page (email)InstagramPinterest TwitterFacebookYouTubeLinked-InConnect with us:Schedule a call with TimSchedule a call with LisaSchedule a call with JeanLearn more at thereiconcierge.com
Retire Early with Real Estate - Chad Carson | PREI 376
Passive Real Estate Investing
Click Here for the Show Notes Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast.
67. Drinking the Real Estate Kool-Aid with Chad Carson
House Hacking Success
In this episode Chad Carson and Bradley Labrie talk about being all in on real estate and really loving it. Topics covered in this episode:The current state of the economyFinding a great real estate agentAnalyzing markets and propertiesLooking at real estate investing long termInstagram: CoachCarson1Visit our website to learn more about house hack at househackingsuccess.comFollow us on Instagram: @househackingsuccess
How to Retire Early Investing Real Estate w/ Chad Carson of Coach Carson
Master Passive Income Real Estate Investing
90% of all millionaires became so through investing in real estate. You can become a millionaire, retire early, and never work a job again if you follow these steps by Chad Carson of Coach Carson. Join the Real Estate Wealth Builders Conference: https://rewbcon.com and use the code "dustin" to get $50 off. Get your ticket to the Real Estate Wealth Builders Conference: https://masterpassiveincome.com/rewbcon $50 OFF with the the promo code: dustin Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: https://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ Join our free private Facebook group! https://masterpassiveincome.com/group NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
Chad Burke & Chad Carson, Economic Alliance Houston Port Region, Season 7 Episode 1 – Gulf Coast Growth Show
The Gulf Coast Growth Show
Tune in as we kick off Season 7 with Chad Burke, President & CEO and Chad Carson, Vice President Economic Development at Economic Alliance Houston Port Region. They give a recap of 2021, from Economic Development Wins, Public Policy & Transportation Advocacy, Workforce Development Accomplishments, Quality of Life Partnerships, Event Highlights, and everything in between. They also address the important initiatives Economic Alliance is working on for 2022.Stay tuned in & subscribe today! https://allianceportregion.com/subscribe-to-podcast/Brought to you by the Economic Alliance Houston Port Region Produced in the Shell Deer Park Studio.Feedback? Email our marketing team at email@example.com
Chad Carson is an entrepreneur, writer, and teacher who used real estate investing to reach financial independence before the age of 37. Soon after he traveled with his wife and two kids to live in Cuenca, Ecuador for 17 months. Chad also wrote a best-selling book Retire Early With Real Estate and hosts the popular podcast Real Estate & Financial Independence. When not writing about himself in 3rd person, vying for the silliest dad award, playing pick-up basketball, or publishing in-depth posts and podcasts at coachcarson.com, Chad enjoys volunteering with a local non-profit he co-founded to create a network of walking and bike paths in his hometown of Clemson, SC. In this episode, Chad shares with us what he means by Do What Matters. He realized what he was after was time currency more than anything to create the ideal day he longed for. This episode is full of great tips on getting started, taking action, finding a mentor, working with a money partner, etc. It's got everything! Enjoy!