Real Estate Investing to Financial Independence

On this episode of Martinis and Your Money, I'm talking to Chad “Coach” Carson about how he built a real estate portfolio from scratch – with no background in real estate whatsoever – and about how this portfolio has afforded him the dream of financial independence. Chad’s story of hard work and determination was inspiring to me, and I hope it inspires you to achieve your own financial goals! Cheers!

What are we drinking?

Chad — Sam Adams Bonfire Blonde

Shannon — Mimosa with Cava

Podcast Notes

In college, Chad was actually a biology major, not a business major.
When he was 22, he chose to take some business classes and then decided to invest in real estate and acquire some rental properties.
One of his business professors was the person who put up the money for Chad’s first property.
He learned how to find good real estate deals, and that is one reason investors wanted to invest in him.
14 years later, Chad, along with his business partner, now have 90 property units in Clemson, South Carolina.
His big picture goal from the very beginning was to purchase long-term hold properties.
The first few years of being in business, he lived very frugally and saved most of the money he earned.
He and his business partner also established personal relationships with their lenders.
After purchasing 30 properties this year, they hired a 3rd-party management company to manage their 90 units.
Chad’s ultimate goal for building his real estate portfolio was to achieve financial independence.
In 2009, Chad took a mini-retirement and traveled with his wife for a few months before returning to work.
Now he has decided to take another sabbatical and live in Ecuador with his wife and two children for an entire year starting January 2017.
He plans to work remotely while in South America.
Shannon says the clients she sees get results are the ones that put in the time and energy and work to achieve their goals.
Chad put in the work and now, at 36, has the opportunity to travel with his family for an entire year.

TAKEAWAY: Remember the importance of hard work in achieving your financial goals. If you dedicate the time and energy into learning, the same success is achievable for you!