Real Estate Investing with Coach Carson
#304 - How a Couple Retired to Portugal Using Rental Properties in the US
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- It's never too late to start real estate investing and create a fulfilling retirement.
- Investing in manufactured homes can be a lucrative niche, offering appreciation, energy efficiency, and affordability.
Deep dives
Flipping houses as a late-start investing strategy
Karen and Bob, a couple in their mid-60s, decided to transition from their traditional corporate jobs in Silicon Valley to a more entrepreneurial path by investing in real estate. They started by flipping houses remotely in South Carolina, using their corporate connections and skills to find good contractors and property managers. The success of their first flip gave them the confidence to continue and eventually retire from their corporate jobs. They focused on acquiring rental properties to build an income floor for their retirement. By paying cash for the properties and having no debt, they enjoyed peace of mind and flexibility in their investment approach. Over time, they diversified their assets and built a portfolio of 10 houses, generating a stable income stream. They also took advantage of the lower tax rates by converting their pre-tax 401(k) income into Roth IRAs. The combination of rental income, pensions, and other investment returns provided them with a comfortable retirement in Portugal.
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