Real estate tips for early retirement
If money didn’t hold you back, what would you do with your life? What if you had the opportunity to retire early and pursue your dreams? Chad Carson shares five early retirement real estate tips that will allow him to retire at 36 and now have the freedom to travel extensively around the world!
Hear all 5 real estate tips for early retirement
Meet Chad, the pre-retirement real estate guru
Chad is an active real estate investor and entrepreneur from Clemson, South Carolina. He writes and teaches real estate investing on Coach Carson.com and through BiggerPockets.com, the largest real estate hub on the Internet. Chad is also the author of Retire early with real estate: How smart investing can help you escape the 9-5 grind and do more of what matters.
Chad joins us Queer money™ to discuss how you can determine your own WHY instead of borrowing someone else’s financial goals. He explains how he survived the 2008 crash and explains how he makes market forecasts. Chad offers advice on investing in neighborhoods you’re comfortable in and house hacking to start your wealth-building journey. Listen to Chad’s 5 early retirement real estate tips to help him retire at 36!
Pre-retirement real estate topics covered
Chad’s early retirement at 36
- Costs covered by rental properties
- Freedom to travel with family
The value in determining your WHY
- Find the “golden mean” of money
- Motivated by inertia
How Chad survived the 2008 crash
- Cash reserves (i.e. make $120,000, live on $30,000)
- Borrowed money = dangerous tool
Chad’s take on market forecasts
- I can’t predict it, but I can read signs
- Pay attention to the basics
- It may take 15 years for the bubble to burst
Chad’s insight into high cost of living areas
Chad’s advice on investing where you feel safe
- Spend time there, talk to neighbors
- Look for B neighborhoods on the path to progress
The concept of house hacking
- Buy a quad (live in one unit, rent others)
- Buy a single-family home with a basement apartment
The financing alternatives to conventional loans
- Private lenders (e.g. self-directed IRA or 401(k))
- Negotiate a lease with an option to buy OR a master lease
Chad’s 5-Step Early Retirement Plan
- Be clear about WHY
- Identify the financial independence number
- Progress towards wealth creation
- Choose the right plan for YOU
- Get started
Connect with Chad
Real Estate Tips Resources for Early Retirement
