Managing Real Estate Properties and the Virtuous Cycle

Episode #304 – Karen and Bob are students of mine who are closer to the traditional retirement age. They demonstrate how it's never too late to get started in real estate investing, found a niche to be successful in, and now live a fulfilling life in Portugal!

🔗 Show Notes:

https://www.coachcarson.com/retired-to-portugal/

🔗 Chad's New Book:

https://biggerpockets.com/smallandmighty

🎬 Timestamps:

0:00 - Intro

3:52 - Why Portugal?

5:44 - Leaving corporate careers

13:05 - Investment philosophy

17:59 - Diversifying with real estate

21:46 - Strategy for flipping houses

25:36 - Tips for working with contractors

27:30 - Getting started with rental properties

32:05 - Flipping houses vs rentals

38:07 - Benefits of manufactured homes

43:20 - Using rentals to move abroad

48:16 - No debt properties

52:19 - What they would have done differently

55:17 - Tax considerations for retired lifestyle

59:54 - Starting with real estate later in life

1:02:33 - Time spent on rentals

1:05:44 - Summary and closing

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