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cover of episode The Benefit of Starting Small in Real Estate

The Benefit of Starting Small in Real Estate

2024/10/24
logo of podcast Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Shownotes Transcript

Join host Jaren Sustar and guest Chad Carson, a distinguished real estate investor, author, and podcaster who obtained financial independence through real estate in his 30s. In this episode, Chad reveals the secrets to building a 'small and mighty' rental portfolio, the significance of a tactically balanced business approach, and the power of leveraging Other People's Money (OPM) to maximize wealth. Discover practical strategies for funding deals, managing risk, and maintaining a manageable yet lucrative property portfolio. Additionally, Chad shares his experiences from the 2007-2009 financial crisis and the 2020 COVID-19 pandemic, offering invaluable insights for long-term investment success. Whether you’re new to real estate or looking to refine your tactics, tune in to learn how strategic decisions and persistence can lead to lasting financial freedom.00:00 Introduction 00:28 Meet Chad Carson: The Small and Mighty Investor04:37 The Importance of Taking Risks11:39 Building a Real Estate Portfolio17:10 The Power of Using Other People's Money20:35 Embracing the Small Money Investor Mindset21:35 The Advantages of Single Family Homes22:54 Success Stories: House Hacking and Flexibility23:52 Lessons from Scaling a Rental Portfolio25:42 The Importance of Debt Management26:39 Financial Freedom and Personal Fulfillment29:04 Surviving Economic Downturns32:18 Long-Term Real Estate Market Outlook34:39 The Power of Hard Work and Hustle