BiggerPockets | You DON'T Need Dozens of Rental Properties to Retire Early @biggerpockets | Uploaded August 2024 | Updated October 2024, 6 hours ago.
Episode #1,004
Grab Chad’s Book, “The Small and Mighty Real Estate Investor”:
store.biggerpockets.com/products/small-and-mighty-real-estate-investor?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode Show Notes: link.chtbl.com/BPRE
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Craft Your Personal Real Estate Portfolio with “Start with Strategy”:
store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
Property Manager Finder:
biggerpockets.com/findapm
See Dave at BPCON2024 in Cancun!
biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters:
biggerpockets.com/blog/count-cash-flow-over-doors?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Chad:
biggerpockets.com/users/clemsoninvestor?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, and now you’re raising money to buy even more. You have zero free time, investors to answer to, and a lot of stress. This wasn’t what you wanted. Let’s take it back to where you are now: how do you actually make it to early retirement?
At the height of Chad Carson’s real estate investing career, he was working eighty-hour weeks flipping homes, buying rentals, and dreaming of a financial freedom-enabling portfolio. But when the market crashed, he took a step back and asked, “What do I really want?” Thus, the small and mighty investor mindset was born. Now, Chad is retired early in his forties, working just two hours per week and making six figures in passive income. Want to do it, too?
Today, Chad discusses how you can build a small and mighty portfolio with fewer rentals, more cash flow, and ultimate time freedom. We’ll show you how to reverse engineer your goals to build the real estate portfolio you ACTUALLY want to own, why having hundreds of doors isn’t completely worth it, and the “metrics of success” you can use to measure your progress toward financial freedom.
00:00 Intro
01:56 You DON'T Need 100 Rentals
05:18 What Do You REALLY Want?
09:53 Why Work More?
14:04 Metrics of Success
23:36 Reverse Engineering Financial Freedom
26:42 Does Door Count Matter?
33:13 What is "Enough"?
37:20 The Dish
Episode #1,004
Grab Chad’s Book, “The Small and Mighty Real Estate Investor”:
store.biggerpockets.com/products/small-and-mighty-real-estate-investor?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode Show Notes: link.chtbl.com/BPRE
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
Let Us Know What You Thought of the Show!
BiggerPockets.com/Podcastfeedback
Craft Your Personal Real Estate Portfolio with “Start with Strategy”:
store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
Property Manager Finder:
biggerpockets.com/findapm
See Dave at BPCON2024 in Cancun!
biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters:
biggerpockets.com/blog/count-cash-flow-over-doors?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Chad:
biggerpockets.com/users/clemsoninvestor?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, and now you’re raising money to buy even more. You have zero free time, investors to answer to, and a lot of stress. This wasn’t what you wanted. Let’s take it back to where you are now: how do you actually make it to early retirement?
At the height of Chad Carson’s real estate investing career, he was working eighty-hour weeks flipping homes, buying rentals, and dreaming of a financial freedom-enabling portfolio. But when the market crashed, he took a step back and asked, “What do I really want?” Thus, the small and mighty investor mindset was born. Now, Chad is retired early in his forties, working just two hours per week and making six figures in passive income. Want to do it, too?
Today, Chad discusses how you can build a small and mighty portfolio with fewer rentals, more cash flow, and ultimate time freedom. We’ll show you how to reverse engineer your goals to build the real estate portfolio you ACTUALLY want to own, why having hundreds of doors isn’t completely worth it, and the “metrics of success” you can use to measure your progress toward financial freedom.
00:00 Intro
01:56 You DON'T Need 100 Rentals
05:18 What Do You REALLY Want?
09:53 Why Work More?
14:04 Metrics of Success
23:36 Reverse Engineering Financial Freedom
26:42 Does Door Count Matter?
33:13 What is "Enough"?
37:20 The Dish
