The ones with the most free time have small real estate investing portfolios. Watch my next video to see how many rentals you need exactly to retire! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-A_uxNcEITlA.html
great video, at a certain point more money is not living life … we need more Time not more money - time is limited … dying with a lot of money is not always win
My wife and I can be compared to the first of the three. We have a number of apartments in the center of the city that provide us with enough income to be financially free. But our favorite piece of property is a cottage my wife inherited from her grandparents. It’s in the middle of the forest, and it’s surrounded by birch trees. My wife at first wanted to get rid of it, as she saw no value in it. We wouldn’t be able to sell it for a decent price, nor rent it out. But I told her to keep it. We renovated the cottage, and now it’s our favorite. I keep telling my wife that the sound of the wind running through the birch trees is like the sound of the waves crashing against the beach. That little cottage is our escape, our little eden. Worth very little in the market, yet priceless.
This is absolutely great information and examples and i really needed this as I’m struggling to get another unit right now and want to scale because i see my friends scaling
I get it! FOMO is real for us all, myself included. Finishing the race is more important than speed at start. And crossing the RIGHT finish line for you is the key. Thanks for comment!
My dad was a entrepreneur back in the 70s and 80s. He always said watch out for the office growth. Many businesses get to a point where the office employs more than the main business. Such as manufacturing. When the office starts requiring more "help", that's when you need to step back and rethink your business.
@@CoachChadCarson I CAN GET AN $80,000 AND UP LOAN WITHOUT MY INCOME TO DEBT RATIO COMING INTO PLAY WITH LOANDEPOT! BUT I CAN'T GET A LOAN FOR A $40,000 DOLLAR HOME THROUGH MY BANK BECAUSE OF MY DEBT TO INCOME BEING OVER THE LIMIT! I'M ON DISABLITY AND MAKE $17,000 A YEAR! BUT IN THE FIRST CASE THE INVESTMENT STANDS ON Its OWN, BUT ON THE SECOND ONE AT THE BANK INSTEAD OF A PRIVATE LENDER WON'T GIVE ME THE $40,000, AND THE DEAL TO THEM DON'T WORK WITHOUT MY DEBT/ INCOME BEING BETTER! WHAT LENDERS DO YOU HAVE THAT CAN HELP BEFORE I LOSE 2 DEALS! THANX COACH!
Love this Coach! Right there with you! Enough is Enough! Every new property I added created more stress so once I got purposeful on my goals, Life got BIG!
Very Thought Provoking. This is a great video to help us reevaluate our values and ask why am I doing what I am doing? I rarely come across teachings that walk you through value clarification and getting down to what is most important in life. Nothing wrong with a thriving business and loving our work. But what’s is going to ultimately fulfill the deepest desires of the heart?
Moving from the Virgin Islands back to FL has really made my content creating suffer. But, I'm about to get back at it. This is good stuff. If you want to interview me, I'm available to talk about my little portfolio.
Ty Coach, just on my first deal and I’m losing a lot of sleep…. and I know the key is not to stop since my goal is to get to the point that I could say enough is enough! This is so refreshing, thank you for your wisdom.
Glad to hear we're on the same page. Congrats on your first deal! I wish you best of luck with your next deals and for finding your "enough." Thanks for watching!
Hi Athena, thanks for your interest but at the moment I'm not doing any one-on-one consulting just because of some time constraints. However, I may do more in early 2023 so if you're on my email newsletter that'd be the best place to stay in touch. Thank you for the support.
I can tell this has been beating you up for a bit to not grow larger than what you can spend. I'm doing it myself but I miss enjoying life. Been at the grind for 12 years, slept in my truck or on the floor of an apartment to get it done (work a full time job with over time. I'm over it and have realized that I don't need anymore because I'm simple in needs! Thanks for your videos, it makes me feel better about deciding to build more. Love your content. Have a good day and thanks again.
@@CoachChadCarson I believe people could be happier if they understood this. Wondering do you claim real estate professional status since you own many properties? If so could you do a video on this topic as I think many subscribers would be interested.
@@worldwideachievers1234 agree! Thanks again. I have not been a real estate professional for many years. I talk about spending an hour or two per week on my real estate so it would be hard to justify! But I do think it's a good video topic. Thanks for the idea.
Great video. Right up their with the lifenaire book.I made the mistake many years ago thinking I wanted to be a rich big shot and bought a 48 unit building. Why manage 48 units when you get the same cash flow off of 5 homes free and clear. Much of the "equity" you get every month goes into repairs that reduces your cash flow to almost nothing. Huge hassle to be rich two days before death.
Love this! We all have different ways and I love that you respect that. Some people just love working and stressing its their personality and work ethic. I love working but my plan is to retire soon I get 10 payoff rentals. Thank you for everything you share!
Exactly. Different approaches for different folks. But I don't think the small & mighty perspective of finding "enough" gets as much attention in the online world. Trying to change that. Thanks for the support!
@@CoachChadCarson earlier response disappeared... sorry if double response. lets say i know my financial targets, my goals, and I know roughly my projected resources... but the strategy to get there. thinking 50-60 units spread over 2-4 apt buildings such that property management can handle most of the day to day dealings. Tif and Darius 1031 exchange method I liked. ***But whats the best process to go about building that equity?*** I feel like that will take forever. I am in a HCOL location, so distance investing is one consideration but hard time figuring out where. The places where I know people, property values in the good areas are still kinda high. maybe I am missing one key piece...? I guess the key question is "what is the best process for me to build equity"
@@TheDjnatronic There's definitely a place and a need for people to do that. And if you're excited about it, that's awesome. Best of luck! My point in this video was just that it's not necessary to own that many units to accomplish most life goals. Simpler, smaller portfolios can do that just as well with less complication.
Exactly! Our goal has been NOT to get too big, otherwise, we'll be on the phone hours on end dealing with issues, basically buying a job. For us, a max of 8-10 units is fine.
