Real Estate Investing with Coach Carson cover image

Real Estate Investing with Coach Carson

#283: How a Part-Time Investor Bought an OLD Duplex Rental Property

Mar 20, 2023
01:01:06

Episode #283 - With only a partial inspection, Mike wishes he caught these glaring red flags before purchasing his 1920s duplex. The mistakes he made have forever changed him as an investor.

📑COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/1920duplexrental/

Mike's Email: mnguyen474@gmail.com

🎬AUDIO TIMESTAMPS:

0:00 - Hook 

0:33 - Chad's Intro

1:43 - Mike's career and backstory

 7:43 - Mike's buy box

11:00 - How Mike found the deal

14:33 - The bidding process

18:30 - Mike's due diligence

22:06 - Mike's financing plan

32:12 - The first two weeks of owning the property

40:04 - The process of getting the property rented

47:25- Running the final numbers

54:11 - Mike's biggest takeaways

57:18 - Mike's advice for listeners

58:23 - How to get in touch with Mike

58:58 - Chad's outro

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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:

- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine

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💰CREATIVE FINANCING COURSE🏘️Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork!

https://coachcarson.com/creativefinancing

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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast

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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit

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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/

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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook

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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson

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