795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson

Publish Date: 2023/7/23

BiggerPockets Real Estate Podcast

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Shownotes Transcript

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!

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