Real Estate Investing with Coach Carson

Latest Episodes:

#366: How We Make $140K/Year with One Rental Property Oct 21, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #366 – Curious how a single Airbnb can pull in $140K a year? Joe and Katie transformed an underperforming property into a thriving short-term rental. From securing the deal and navigating construction setbacks to delivering top-notch guest experiences, you'll learn the strategies that turned their challenging first year into a $140K success!

▶️ Next Episode: House Hacking Guide

https://podcasts.apple.com/us/podcast/the-house-hacking-guide-how-to-hack-your-housing-live/id1448707654?i=1000428608108

📄 Show Notes:

https://www.coachcarson.com/airbnb140kyear/

🎬 Timestamps:

00:00 - Initial Property Purchase and Remodel Costs

09:21 - Challenges and Cash Flow in the First Year

11:18 - Expanding Their Target Rental Market

12:13 - Airbnb and VRBO for Short Term Rentals

13:09 - Google Reviews for Growing Your Business

14:56 - Hospitality and Design Elements

30:29 - Increasing Value of the Property

33:42 - Partnership Structure and Benefits

39:36 - The Future of Switchback Suites

47:57 - Advice for Aspiring Real Estate Investor

🔗 Show Links:

Get Joe's Short-Term Rental Tech Stack: https://www.coachcarson.com/strtech

Book your Stay in Kalispell, MT: https://book.switchbacksuites.com

Switchback Suites on Instagram: https://www.instagram.com/switchbacksuites/

Joe on Instagram: https://www.instagram.com/joe_r_jimenez/

Joe's Previous Episode: "How We Turned an 8-unit Building into a Cash Flow Machine in 6 Months" https://youtu.be/WHO9iA1RZW0

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#365: PLUMBING EXPERT Reveals Secrets to Avoiding Rental Nightmares Oct 14, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #365 – How does a simple kitchen leak that escalates into a $15,000 asbestos remediation sound? Scott shares his firsthand experience with common plumbing problems and the critical role of proactive maintenance. Learn how to make your rental property virtually bulletproof against these costly plumbing repairs.

▶️ Next Episode: I spent $12,650 on an HVAC for my Rental (8 Lessons Learned)

https://podcasts.apple.com/us/podcast/347-i-spent-%2412-650-on-an-hvac-for-my-rental-8-lessons-learned/id1448707654?i=1000658431946

📄 Show Notes:

https://www.coachcarson.com/plumbingmaintenance/

🎬 Timestamps:

00:00 - Intro to Scott at Everyday Home Repair

01:13 - Discussing Rental Property Maintenance Issues

02:52 - Basement and Crawl Space Issues

09:09 - Different Types of Water Supply Systems

13:10 - Evaluating and Upgrading Galvanized Pipes

16:08 - Inspecting and Repairing Sewer Lines

20:04 - How Communicating with Tenants Can Prevent Problems

24:39 - Preventative Maintenance for Sinks

27:04 - Preventative Maintenance for Toilets

30:19 - Preventative Maintenance for Showers & Tubs

32:49 - Standardizing Fixtures and Building a Repair Kit

38:13 - Maintenance Checklist for Rental Properties

38:39 - Connect with Scott at Everyday Home Repairs

40:07 - Lessons on Heating & Air Units

🔗 Connect with Scott:

Free Maintenance Checklist for Rental Properties: https://www.coachcarson.com/maintenance-checklist-rental-properties/
Everyday Home Repairs YouTube: https://www.youtube.com/@EverydayHomeRepairs
Everyday Solar YouTube: youtube.com/channel/UCXcoxCRD5qe1CAwoNrbST8g
Website: https://everydayhomerepairs.com
Facebook Community: facebook.com/groups/623172345205906
Instagram: https://www.instagram.com/everydayhomerepairs/
TikTok: https://www.tiktok.com/@everyday_home_repairs

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#364: Meet Darius: From $10k & ZERO Knowledge to 9 Rentals in 6 Years Oct 07, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #364 – Darius transformed Pontiac's downturn into his personal success story, starting with homes under $10K and scaling up to 9 properties. By mastering DIY renovations and strategic financing during tough economic times, he reveals the key strategies that can help any investor thrive in a recovering market.

▶️ Next Episode: Tenant Screening 101 For Landlords | with Pam Storm from Rent Marketplace

https://podcasts.apple.com/us/podcast/224-tenant-screening-101-for-landlords-with-pam-storm/id1448707654?i=1000559312211

📄 Show Notes:

https://www.coachcarson.com/rewithd/

🎬 Timestamps:

0:00 - Turning a Downturn into a Personal Success Story

1:08 - Darius' Investing During Tough Times

4:16 - Darius' life when Starting his Real Estate Career

7:10 - Where Darius Saw Opportunity Despite Tough Economic Times

7:56 - Breaking Down the Numbers

9:12 - Big Learning Curves

11:33 - Growing his Confidence as an Investor

13:50 - Thinking Outside the Box

15:09 - How Darius Grew his Portfolio

18:41 - Balancing a Full-Time with Real Estate

21:07 - Screening Tenants

24:12 - Standing Out from the Competition

25:21 - Learning from the "scars"

32:11 - Screening and Picking the Best Tenants for your Rental

🔗 Connect with Darius:

Instagram: https://www.instagram.com/darius_oneofone/
Website: https://rewithd.com/
YouTube: https://www.youtube.com/@darius_oneofone
Facebook: https://www.facebook.com/realetstatewithdarius/

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#363: How One Dad Earns $5K/month From 8 Rental Properties Sep 30, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #363 – Aaron, a new dad who transitioned from concert organizer to real estate investor, built a portfolio of 8 rental properties while long-distance. Learn how Aaron leveraged his music industry skills, overcame challenges, and chose the strategies that fueled his rapid growth in real estate.

▶️ Next Episode: How to Find the Best Property Managers

https://podcasts.apple.com/us/podcast/333-how-to-find-the-best-property-managers/id1448707654?i=1000647918499

📄 Show Notes:

https://www.coachcarson.com/8rentalportfolio/

🎬 Timestamps:

0:00 - From Music to Real Estate

1:12 - Aaron's Career turning point

9:25 - Aaron and his wife's journey to real estate investing

17:49 - Numbers on Aaron's first rental property

24:20 - Leveraging equity in your residence

31:54 - Migrating to Washington

41:02 - Trying long distance in Iowa

45:20 - Operations and lessons of managing remotely

53:25 - Aaron's reflections on his journey

56:32 - What's next for Aaron?

1:00:00 - How to find the best property managers

🔗 Connect with Aaron:

• Website: https://aaronameen.com

• Twitter: https://x.com/AaronAmeen

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#362: How a Couple Used a HELOC to Buy their 4th Rental Property Sep 23, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #362 – Kelli and her husband used a $223K HELOC to turn a distressed property with mold and water issues into a $2,750/month rental. By staying under budget and securing a higher appraisal, they successfully executed their BRRRR strategy. Kelli shares the secrets behind their success and offers practical advice for aspiring investors!

▶️ Next Episode: How to Estimate Repair Costs for Your Next Rental Property

https://podcasts.apple.com/us/podcast/339-how-to-estimate-repair-cost-for-your-next-rental/id1448707654?i=1000652540659

📄 Show Notes:

https://www.coachcarson.com/helocbrrrr/

🎬 Timestamps:

00:00 - Meet the couple who took out a $223K HELOC

01:32 - Kelli's Rental Portfolio & Real Estate Investment Journey

04:34 - Using a HELOC for Property Investment

06:15 - What is a HELOC?

08:56 - Finding the New Property

12:14 - Numbers and Budget for their New Property

15:02 - Property Inspection and Challenges

18:09 - Repair Stories and Project Management

21:49 - Property Before & After

24:02 - Financial Details and Refinancing

29:39 - Renting the Property and Final Advice

36:50 - How to Estimate Repair Costs

🔗 Connect with Kelli on Instagram:

https://www.instagram.com/the.d.i.y.duo/

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#361: Meet the Mentor Who Changed My Entire Real Estate Journey Sep 16, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #361 – Chad sits down with his long-time mentor, Doctor Louis Stone, to reflect on the pivotal lessons that shaped Chad's real estate career. From their early days at Clemson University to navigating complex real estate deals together, they discuss the importance of mentorship, strategic financial management, and the philosophies that guide their approach to wealth-building and entrepreneurship.

▶️ Next Episode: How to Buy Rental Properties That Cash Flow in any Economy - with John Schaub

https://podcasts.apple.com/us/podcast/291-how-to-buy-rental-properties-that-cash-flow-in/id1448707654?i=1000613044148

📄 Show Notes:

https://www.coachcarson.com/mymentor/

🎬 Timestamps:

0:00 - The mentor who changed everything!

1:12 - How Chad & Louis met

9:21 - Finding & using the perfect model

15:29 - Free roll of the dice

20:52 - The four "F's"

34:14 - What it takes to become an entrepreneur

36:52 - Types of assets Louis owns

43:09 - Private loans are mutually beneficial

51:27 - Don't lose yourself trying to go "big"

54:49 - "Let a good dog have pups!"

56:54 - John Schaub's investing style

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#360: I Made $385k from One Rental – Here's How! Sep 09, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #360 – This 4-plex I house-hacked at 26 was my first major investment. I'll share how I secured financing, made improvements, and navigated the ups and downs of management. Finally, I'll break down how exactly I made $358,000—not from cash flow!

▶️ Next Episode: How Much Tax I Paid When I Sold a Rental Property

https://youtu.be/SgNXl8eqa2U?si=0TlCsQMqIDJ1uhsD

📄 Show Notes:

https://www.coachcarson.com/househackinganalysis/

🎬 Timestamps:

00:00 - Intro: Living Almost for Free at 26 Years Old

00:53 - Where I Got the $$$ for my First House Hack

06:42 - $0 in with the BRRRR Strategy

09:01 - Breaking Down the Numbers (Cash Flow)

15:27 - Tracking the Appreciating Value of the Property

18:06 - Breaking Down the Numbers (The Return on Value)

22:17 - Analyzing the Internal Rate of Return (IRR)

27:12 - Forecasting the Property's Future Cash Flow

32:45 - How Much Taxes Do You Pay When Selling a Rental Property?

🔗 Coach Carson's House Hack Analysis Spreadsheet:

https://www.coachcarson.com/4plexanalysis

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#359: You DON'T Need an LLC to Buy Rental Properties?! Sep 02, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #359 – LLCs might not be the best choice for small-scale investors. In this episode, we debunk common LLC myths, provide practical alternatives for asset protection, and help you navigate legal pitfalls. Plus, we'll explore when—if ever—an LLC truly makes sense for your investment strategy.

▶️ Next Episode: How to Create $10k Per Month Rental Cash Flow, Starting from Scratch

https://podcasts.apple.com/us/podcast/309-how-to-create-%2410k-per-month-rental-cash-flow-starting/id1448707654?i=1000628231813

📄 Show Notes:

https://www.coachcarson.com/llcnotneeded/

🎬 Timestamps:

0:00 - Pros, cons, and Disclosure

1:48 - Debating the Need for LLCs in Real Estate

2:06 - Common Misconceptions About LLCs for Real Estate Investors

3:22 - Reasons For and Against Using an LLC

4:30 - Addressing Myths: Asset Protection and Tax Benefits

6:17 - Legal Complications and Local Laws Impact on LLCs

9:20 - Liability and Risk Management

19:07 - Importance of Being Proactive and Maintaining Properties

24:06 - Personalized Approach: When to Consider an LLC

🔗 Connect with Dion on YouTube:

https://www.youtube.com/@DionTalkFinancialFreedom

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#358: Meet the 9-5 Employee Who Bought 22 Rentals | Finance Cowboy Aug 26, 2024

Show notes

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #358 – Jaren went from $100K in debt with no financial knowledge to 22 properties and $2 million in net worth. He discusses overcoming debt, leveraging the BRRRR method, and the importance of networking and creative financing. His story emphasizes today's American dream of financial independence and time freedom!

▶️ Next Episode:

https:/podcasts.apple.com/us/podcast/317-rental-property-analysis-2-0-how-to-adapt-to-high/id1448707654

📄 Show Notes:

https://www.coachcarson.com/financecowboy/

🎬 Timestamps:

0:00 - Jaren's Definition of Success

02:55 - Why Time-Flexibility is Life Changing

04:59 - Overcoming $100,000 in Debt

07:52 - Debt Snowball Method

10:09 - The Value of Long-Term Financial Planning

13:13 - Jaren's Initial Deals and Learning Process

15:17 - Expanding from 2 to 19 Properties

17:34 - Utilizing Private Lenders and Joint Ventures

26:45 - Using Your Network to Find Deals

29:46 - What's In It for a Private Lender

32:28 - Adjusting Strategies in 2024's Market

39:12 - Jaren's Future Plans and Small & Mighty Investing

41:15 - How to Adapt to High Interest Rates

🔗 Connect with Jaren:

Instagram: https://www.instagram.com/financecowboy/
YouTube: https://www.youtube.com/@financecowboy
TikTok: https://www.tiktok.com/@thefinancecowboy
Podcast: https://financecowboy.com/podcast/

-------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

#357: How to Become Financially Free With 5 Small & Simple Rentals Aug 19, 2024

Show notes

⭐ Get my coaching & community to achieve financial freedom → https://www.coachcarson.com/rpm-podcast-357

⚒️Get my best investor tools for FREE → https://www.coachcarson.com/toolkit-podcast-357

▶️ Next Episode: How to Analyze a Rental Property (No Calculators or Spreadsheets Needed!)

https://youtu.be/ExFWAYXr11s

EPISODE NOTES:

🎬 Topics Covered:

(0:00) - Gaining Financial Freedom Doesn't Have to Take So Long
(00:55) - Finding Your Number that Defines Your Financial Freedom
(05:16) - The Number of Properties to Have Financial Freedom
(09:07) - The 4 Steps Towards Your Financial Freedom
(18:18) - How to Analyze a Rental Property

🎙️ Episode #357 - Achieving financial freedom requires a massive portfolio of rentals and decades of effort is a myth. Here's a step-by-step plan to build wealth with just 5 small and simple rentals instead.

📄 Show Notes:

https://www.coachcarson.com/10simplerentals/

ADDITIONAL RESOURCES

💵 Need Investor-Friendly Financing?

This is who I trust → https://www.coachcarson.com/bryan

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT