BiggerPockets Real Estate Podcast

How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early) w/Chad Carson

19 snips
Jan 20, 2025
Chad Carson, a "small and mighty" real estate investor, discusses how to achieve financial freedom with fewer rental properties. He shares his journey of downsizing his portfolio to focus on lifestyle and family, now working just two hours a week. Chad outlines the three critical phases of investing, particularly the ‘harvesting’ phase that enables early retirement. He emphasizes optimizing portfolios for financial and time freedom, and the importance of adaptability in achieving personal goals in real estate.
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ANECDOTE

Realization

  • Chad Carson realized his real estate business wasn't giving him the lifestyle he wanted.
  • He and his partner were too busy and weren't achieving their personal goals like travel and hobbies.
ADVICE

Finding Inspiration

  • Find examples of people who have achieved the lifestyle you want through real estate.
  • Borrow optimism from their success during times when you lack proof.
INSIGHT

Investing Phases

  • Real estate investing has three phases: starter, growth (builder), and harvester.
  • The growth phase, lasting 5-10 years, requires patience and discipline.
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