Real Estate Investing with Coach Carson #409: 22 Years of Real Estate Investing Advice in 46 Minutes
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May 12, 2025 Explore how 22 years of real estate experience reveals that true wealth isn’t just about cash flow, but understanding your investment strategy. Learn the importance of defining 'good deals' and creating a targeted 'buy box' for opportunities. Discover how effective tenant relationships and diligent bookkeeping can elevate your success. The episode highlights the virtues of patience in investing, emphasizing that wealth-building should enhance your life without consuming it.
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Cashflow vs Wealth Building
- Cashflow is your target but wealth building is the pathway to achieve it.
- Simply stacking cashflow units without strategic planning leads to high risk and management complexity.
Use Wealth Goals Over Units
- Set a wealth goal and work backwards to determine needed properties instead of aiming for many units.
- Use rules like the 6% rule to estimate the equity required to achieve your cashflow goal.
Find Your Focus and Phase
- Identify your investing phase: starter, builder, or harvester to select fitting strategies.
- Assess your weekly time availability to pick appropriate real estate investment activities.
