How to Create $10k Per Month Rental Cash Flow, Starting From Scratch

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  • Опубликовано: 22 дек 2024

Комментарии • 140

  • @williampalmer7026
    @williampalmer7026 Год назад +79

    5 buildings, 20 units, and self managing. I just hit enough after 9 years, I just turned 51 and I'm retiring from my job.
    Thanks Coach for your videos!

    • @bothornton5246
      @bothornton5246 Год назад +2

      Congrats! Great story.

    • @CoachChadCarson
      @CoachChadCarson  Год назад +2

      Amazing! Congrats William. I'm sure that's been a lot of work to get where you are. Celebrate!

    • @alpinismutilitar3886
      @alpinismutilitar3886 Год назад +2

      @@CoachChadCarson Thank you very much for the effort put into this quality video.

    • @ciclurieconomice8494
      @ciclurieconomice8494 Год назад +1

      @@CoachChadCarson Love your video. I have some charts at my community section; real estate related.

    • @CoachChadCarson
      @CoachChadCarson  Год назад +1

      thank you for the feedback! My editor Mike and I are trying hard!🙏

  • @lailaatallah1857
    @lailaatallah1857 Год назад +10

    Enormously helpful! It’s so rare to see real numbers shared and I appreciated that you showed two contrasting examples: one focused more on cash flowing properties and more modest home prices and one that showed how people challenged by high housing prices might also pursue this journey. Love your content!!

    • @CoachChadCarson
      @CoachChadCarson  Год назад +1

      thank you Laila! I always appreciate your feedback.

  • @dhruvpatel329
    @dhruvpatel329 Год назад +4

    A starter here 🙋🏻‍♂️I have been listening to a lot of REI content since last year and this seems one of the safest way to get started in real estate. Thanks for putting the long run prospective and showing it what it actually takes to build wealth through real estate coach.

    • @CoachChadCarson
      @CoachChadCarson  Год назад +1

      Glad you're here on the channel! Welcome and thank you. And this is a more steady approach to wealth building. Does take some work, but I like that it's simple and straight forward.

  • @ezeamadi885
    @ezeamadi885 Год назад +2

    This was helpful
    I’m in the RUclips watching phase - the phase before you get started. I am happy to learn as much as I can before I get in

  • @hangfire5005
    @hangfire5005 9 месяцев назад +6

    These are the best videos on the subject. Some dude that has two kinds of dads has a channel with the same chart every video that doesn't even address the title of the video. This stuff is awesome.

  • @brayannunez766
    @brayannunez766 Год назад +34

    Starter here. 20 years old have 2 rentals, make 70k a year on my current job. Currently have between 40-50% equity on one of the homes (80-100k). Should I sell it to purchase more or keep it as a backup incase of any financial troubles?

    • @TheSolver-PR
      @TheSolver-PR Год назад +15

      You're doing better than most 40 year olds (better than me). Time is on your side. Analyze how your cash flows from the properties stands and your ROI. You can build more equity, stack up more reserves, and make a decision a couple of years ahead... A decision to grow using your one of your properties as your bank. But don't sell them. They will serve you well and still serve you as a backup in case of future distress.

    • @martinmontagut2920
      @martinmontagut2920 11 месяцев назад +4

      It could better to look into a 1031 exchange. Utilize that equity to purchase 1 or two different homes without paying taxes. The rules are a little tricky on it but it can give you the most benefits with what you have

    • @youngkyguy
      @youngkyguy 10 месяцев назад +6

      You can give it to me if you want.

    • @daustin1213
      @daustin1213 5 месяцев назад +5

      20 years old? You are going to be rich beyond your wildest dreams!!

    • @adesireforyou
      @adesireforyou 4 месяца назад

      Educate yourself! Stress test selling one and or cash out to purchase more

  • @sohyunpark6110
    @sohyunpark6110 Год назад +1

    This was so so helpful. The two very difference case studies were great. Thank you.

  • @paulgarza133
    @paulgarza133 Год назад +3

    Truly inspire people like myself and my wife coach! We are following your footsteps one year at a time. Currently at 4 homes, but plan to add 2 more next year. Thanks again for all the clear, precise content you put out. God bless.

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      so happy to hear it, Paul! congrats on your progress and best of luck with the next steps. I'll be here!

  • @lrg256
    @lrg256 9 месяцев назад +1

    Well i started like the second example, both my second home, and I got stuck there just because I don’t know what to do, but I have built equity, credit, and I’m ready for the next step. Just sure where to go invest so this helps me motivate and take the next step.

  • @JasonJFlippingLife
    @JasonJFlippingLife 5 месяцев назад +2

    In the building phase in Birmingham Alabama. In a bit of a catch 22 because I bought a multi unit property in Portimao Portugal to reno and airbnb and would love to live in Portugal long term but I need to have stable cash flow from my properties in the Birmingham area. Majority of my properties in Birmingham are fixer uppers I bought well below market value over the past 3 years. I have about 12 but only 2 are completed and rented. My own house is paid off. I mainly flip to get cash I siphon off a portion to rehab my buy and hold fixers. End goal is to get to that $10k monthly cash flow and transition to Portugal and hopefully start a family.

  • @aneeshkumar1891
    @aneeshkumar1891 Год назад +2

    Coach, you always give very valuable real estate investing tips. I appreciate all your knowledge.
    Gargle for that throat!

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      I'm happy to say it got better a few days after recording. Definitely gargled a lot! Thank you for watching and for your feedback. 🙏

  • @aprilwalker13
    @aprilwalker13 3 месяца назад +1

    Curious…do you buy properties that are say within 50-100 miles of where you currently live in order to be able to oversee the properties?

  • @BVSSNRaju
    @BVSSNRaju 7 месяцев назад +3

    I wish someone should have made this video 10 years back. ❤

  • @oogie-boogie
    @oogie-boogie Год назад +4

    u should do a vid like this for ,low ish,, income ppl ,,like 48,000 and down per year,, great vid,, keep up the great work

  • @TheParadoxicality
    @TheParadoxicality 25 дней назад

    Great video @Coach Carson!I will have to go through it again in order to grasp the math you did better.I am in the process of selling a piece of land i own and then hopefully investing the income in rental properties creating passive income and equity.Do you offer online personal coaching ?

  • @davebrown7009
    @davebrown7009 10 месяцев назад +1

    Coach - where do you like going for your private money? Friends and family? Professional references?

    • @CoachChadCarson
      @CoachChadCarson  10 месяцев назад +1

      I've found private money lenders at real estate meetups / REIA groups, networking with other local business owners, taking classes (a professor), networking with other local professionals, and family/friends.

    • @davebrown7009
      @davebrown7009 10 месяцев назад

      Makes sense…I really need some guidance on raising private money. I am well aware of different interest rate/equity combos. I have pitch decks. I have the networking pitch. “I help people get a x% return on their money backed by real estate.” I need to move into higher net worth circles I think

  • @ramire7heavenz252
    @ramire7heavenz252 Год назад +1

    1 duplex with an adu. 2xs equity than mortgage and cashflowing. Going for #2. Tri-state area. Thanks coach

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      congrats! That's an awesome start. Keep rolling and good luck!

  • @DamienCH
    @DamienCH 5 месяцев назад

    This is exactly what I want our journey to look like. We are in a similar market here in Northern Kentucky. Thank you 🙏🏻 for sharing this! I will be writing ✍️ this down! Much praise for you 🙏🏻

  • @tonydegroot7735
    @tonydegroot7735 5 месяцев назад

    What a fabulous demonstration!! Really well done. I loved how you compare strategies while living in different areas. I have a different route in real estate but it’s been really interesting investing in cash flow central markets and high end markets. I also love the being an ender in your planning. This is something I’ve talked a lot about but find so many investors that have no end strategy. Again super well done!!

    • @CoachChadCarson
      @CoachChadCarson  5 месяцев назад +1

      Awesome! Thank you for sharing your perspective and story. I'm trying to fill that void in the conversation!

    • @tonydegroot7735
      @tonydegroot7735 5 месяцев назад

      @@CoachChadCarson It is a void for sure. And this is where emotions come into play. Because, for many once you have this growth going on and knowledge it's hard to stop. At the same time I've stopped a number of times too soon! And then life forces me to have to grow more. In fact, once you achieve your income number, inflation comes around and you realize your income now does not go as far as it did. Or, family medical issues come up that you didn't expect. I've found that you have to make the retired income number higher by quite a bit and then you have to come back and monitor what's going on. I don't like to raise my tenants but insurance costs and maintenance keep going up and then I realize not only are my personal costs going up but my monthly income has gone down as well as the maintenance costs have gone up by a totally unexpected amount.

  • @emrahlimon6145
    @emrahlimon6145 4 месяца назад +1

    I have started 2017 bought two foreclose homes at 18k upgraded total spent $26k on each and sold 1,5 years ago at $68k each. Now have two rental one cash paid other one is on rental cashflow $700/a month. $1200 on the one I have paid cash after extra expenses. It is great thing to grow wealth the only thing now is foreclose homes are even so expensive to buy. Wish to go back to 2017 :)

  • @alexisgilgonzalez9268
    @alexisgilgonzalez9268 22 дня назад

    Thanks. Very realistic. Congratulations! Excellent analysis.

  • @kerrybaird739
    @kerrybaird739 6 месяцев назад

    Finisher here. Have a portfolio of SFRs which we paid off and then pulled about 50% out of to buy a couple more. Now using the debt snowball to pay them off again. Great episode. We moved a lot when younger and left rentals behind us.

    • @CoachChadCarson
      @CoachChadCarson  6 месяцев назад +2

      Very cool!! Congrats on your progress with the houses. And thank you for sharing!

  • @mohammedridha9171
    @mohammedridha9171 Месяц назад

    For a beginner would you recommend multi family homes to rent out or single family home?

  • @xonicon60fps34
    @xonicon60fps34 11 месяцев назад

    I love your videos brother! By the way is there any videos of you explaining how an FHA loan works ?

    • @martinmontagut2920
      @martinmontagut2920 11 месяцев назад +1

      Fha loan CAn get you a 3.5% down payment on a house. The condition is that you must live there for 1 year. Permissible up to a 4 unit property. So you can rent the other units but you must live in one for 1 year and the rentals cannot be short term.

  • @josephawad3493
    @josephawad3493 Месяц назад

    I love this video and watch it repeatedly; but am i missing something on the math? After cap ex, the net positive cash flow per unit in the example would be $720, not $1080. The concept remains intact, but that's a sizeable difference, so it's worth noting for anyone, like myself, putting together a similar plan. A great strategy, regardless. Thanks for creating!

  • @LaramacH5434
    @LaramacH5434 Год назад +1

    Simply awesome video. Thank you 😊

  • @kmarcs100
    @kmarcs100 3 месяца назад

    Great video! Would like a similar scenario with someone age 60 just starting out.

  • @et6794
    @et6794 Год назад

    Awesome episode, thank you! 😊

  • @ThatADUGuy
    @ThatADUGuy Год назад

    This is a great show! Thanks Coach 🎉🎉🎉

  • @danielmills3337
    @danielmills3337 Год назад

    This is probably one of my favorite videos/podcasts from you. I love the strategies you lay out. I’m in a different situation in that I have 12 SFHs and a duplex totaling over $1,000,000 in equity but I’m trying to optimize at this point to maximize cash flow. Maybe I could send you the details on my portfolio and you can make a video detailing what you’d do to optimize 😊

    • @CoachChadCarson
      @CoachChadCarson  Год назад +2

      thank you Daniel! send me an email at podcast@coachcarson.com and maybe we can record it live:)

    • @danielmills3337
      @danielmills3337 Год назад

      @@CoachChadCarson I will. Thanks!

    • @danielmills3337
      @danielmills3337 Год назад

      @@CoachChadCarson I sent an email. I hope you got it.

  • @adrianwooten6848
    @adrianwooten6848 Год назад

    I am currently a starter. Do you have an episode talking about how you started? If so what episode is it?

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      This video shares my story: www.coachcarson.com/getstartednomoney/
      I also tell a more of my story in my book The Small and Mighty Real Estate Investor. amzn.to/3Zv6VEF

  • @jwalk937
    @jwalk937 4 месяца назад +2

    Me and my wife are Liz and Tom we house hacked a triplex and a duplex our triplex makes $4500 and our duplex will clear $6000 next year we have a total of 14 bedrooms renting at $750 per to non-profits. Working on refinancing DSCR into our LLP we bought both with VA loans.

    • @CoachChadCarson
      @CoachChadCarson  3 месяца назад +1

      @@jwalk937 very cool! Congrats! Thank you for sharing.

  • @rauldoppler1890
    @rauldoppler1890 2 месяца назад

    I live in Spain and wanted to do this in Madrid. Unfortunately the laws are not friendly to small investors. I will start investing in the US next year. Thank you for the videos. Lets have some cervezas if you come back to Spain.

    • @CoachChadCarson
      @CoachChadCarson  2 месяца назад

      Gracias Raul! I have noticed that about Spain. I didn't buy any property while there, but I had fun looking at some.
      What specific laws did you run into that made it hardest to invest as a small investor?
      Y proxima vez las cervezas!

  • @MyExperienceUnderTheSun
    @MyExperienceUnderTheSun Год назад

    How did their emi evolved when they bought new properties? Not clear on that aspect. Can they qualify for new loan while they are paying existing loans.

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      Yes, they just have to season the rent on their rentals. Then most of it (usually about 70%) counts as positive income towards their DTI/debt-to-income ratio. I assume that's what you were asking.

  • @zeekflash6924
    @zeekflash6924 Год назад

    Not a morning person either , I sleep at 5-6 am lol , coach , what do u know about , slow flipping & maybe some other I know strategies that people don’t talk about
    Thx

  • @luisrivera5314
    @luisrivera5314 Год назад +1

    I am exitet to listen to this video. Thanks Carson!!!

  • @Flipping_Assets
    @Flipping_Assets Год назад

    I have equipment I'm selling and should have 125k in a few months. Got a job making 86k/yr before taxes. Anyway possible to get up to 5-10 homes and start getting 5-10k/mo income in a faster time frame than this video? Will renting or flipping be better?

    • @priceandpride
      @priceandpride 5 месяцев назад +2

      $150k in the bay is just making it and comfortable, you're not buying a house there for with that

  • @juliebee61
    @juliebee61 4 месяца назад

    it makes me want to cry because i could have used this info, examples and spreadsheet 20 years ago. i always wanted RE but my husband is extremely debt averse. Despite having a great income and investing in other vehicles, we never bought much RE. Now were past having the time and energy to do it.

  • @fpm8338
    @fpm8338 Год назад

    Hey Coach! Great video! Do you do consultations? I need some help with my current situation- thanks!

    • @CoachChadCarson
      @CoachChadCarson  Год назад +1

      Not at the moment, but I will soon. If you want to get on this waiting list I'll let you know first. Thanks for your interest and for watching: coach-carson-llc.ck.page/9413e0b2fb

    • @fpm8338
      @fpm8338 Год назад

      Thank you!@@CoachChadCarson

  • @timvandergriff1319
    @timvandergriff1319 Год назад

    I just want to say thanks for taking the time to break these concepts down for us little guys. I am just getting started and I have found your channel to be very informative. I know this might be outside of your wheelhouse, but I am curious to know if you have any thoughts on where things are going with interest rates and if there are any good strategies for real estate investing when rates are going up. I bring this up because another guy I follow explains how for the last forty years interest rates have been declining and the future forty years looks to be the opposite. Many thanks again for what you do.

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      I agree that the last 40 years had a HUGE tail wind because of falling interest rates. It inflated property values and made it easier to cash flow with refinances.
      I'm not good at predicting. But I wouldn't be surprised if we're in an era a little like the 70s and 80s. On and off again inflation, rising and then falling interest rates. So, sort of a roller coaster ride.
      But investors make money with turbulence. It's primarily about controlling and getting creative with financing. that's something I'll talk about a lot on the channel going forward.

  • @mr_smilegaming8842
    @mr_smilegaming8842 4 месяца назад

    This is almost impossible to do in California when house is running in the millions especially in Bay Area where 1.5m-3m is common. People cannot even afford their first home despite having a 200k salary, let alone getting a rental.
    What are some cities and states that allow investing possible?

  • @scantrontest
    @scantrontest Год назад +3

    Thanks for this. Very interesting to see the numbers. I think I was a bit delusional as to the numbers. I thought someone with 10 properties would be earning much much more than 10k / month.

    • @CoachChadCarson
      @CoachChadCarson  Год назад +4

      It's possible with larger properties or with short-term rentals. In terms of cash flow / equity, real estate can be stronger than other asset classes like stocks or bonds - depending on where you buy. But you've still got to build for a while.

  • @neocollective5959
    @neocollective5959 11 месяцев назад

    Another great video !!

  • @EDWINLOPEZ-xt9ze
    @EDWINLOPEZ-xt9ze Год назад +2

    Well I only have one rental, very good strategy for growth

  • @Ricocase
    @Ricocase Год назад

    Buy what at these rates and inflation?

  • @Emmap-d2r
    @Emmap-d2r 8 месяцев назад

    Hi
    I am in Uk found your book on Amazon audiobooks £7.99 for the book Small and Mighty Real Estate Investor. How can I get the free bonus comes with the book?

  • @rebeccaamador6679
    @rebeccaamador6679 2 месяца назад

    Soooo good! Thank you!!!

  • @viktorivakhno2244
    @viktorivakhno2244 Год назад

    Is there areas with 200k for house our days?

    • @CoachChadCarson
      @CoachChadCarson  Год назад

      Yes. Just not in the big cities on the east and west coasts.

  • @nicogarcia6711
    @nicogarcia6711 Год назад

    this was awesome!! thx coach

  • @eldersanto
    @eldersanto 4 месяца назад

    i liked the video. but the best was i learned more then what i think i knew.

  • @jarrettcameron5920
    @jarrettcameron5920 4 месяца назад

    Amazing content!

  • @anythingadrenaline4515
    @anythingadrenaline4515 4 месяца назад

    Do you offer one on one advice? Phone call possibly?

  • @dannyduffy9506
    @dannyduffy9506 9 месяцев назад

    Great content, thank you.

  • @mikkaylaleighann9850
    @mikkaylaleighann9850 3 месяца назад

    I’m actually considering moving to Spain - mind if I asked what brought yall back/why yall left? May make a good video 😂

    • @CoachChadCarson
      @CoachChadCarson  3 месяца назад

      @@mikkaylaleighann9850 family and daughters' friends. We loved Spain (and still do!) but US had our closest relationships. So, that brought us back.

    • @CoachChadCarson
      @CoachChadCarson  3 месяца назад

      @@mikkaylaleighann9850 I hope you get to make the move! Amazing people and culture.

  • @frankle246
    @frankle246 7 месяцев назад

    Thanks coach Chad.

  • @notsohandyguy
    @notsohandyguy 20 дней назад

    great video

  • @kimpedersen8851
    @kimpedersen8851 2 месяца назад

    Had several friends who haf tenants completely ruin their houses and left without finances to rebuild it, alot dont cobsider you could have tenants like that and then its a very bad buisness

  • @gonoenriquez26.2
    @gonoenriquez26.2 Год назад

    Pretty close to my goal. 1 year investment 9 to go 😊

  • @SergioB-MakingMillionaires
    @SergioB-MakingMillionaires 9 месяцев назад

    Great explanation

  • @ReeInvesting
    @ReeInvesting 4 месяца назад

    thnx so much!

  • @MuscleMan500
    @MuscleMan500 Месяц назад

    17:15 throw away 150k when you could defer the taxes to gain peace of mind?

  • @cgourdin12
    @cgourdin12 3 месяца назад

    So let’s say you have a house - primary residence and you want to rent it out to get another. Can you still get favorable financing on the new property?

    • @CoachChadCarson
      @CoachChadCarson  3 месяца назад +1

      @@cgourdin12 yes, you can. But at least at first you have to make enough income to still meet the debt-to-income requirements with 2 mortgages. But later after it's rented a mortgage company will give you credit for that rent and reduce your debt to income ratio.

    • @cgourdin12
      @cgourdin12 3 месяца назад

      @@CoachChadCarsonthanks so much for this. You earned a new subscriber! 🎉

  • @jensbiederstaedt8022
    @jensbiederstaedt8022 6 месяцев назад

    We bought 2 units the last 3 years, we pay them off before we continue. Will be done within the next 3 years. We're 57 so we don't have all the time in the world. And none for mistakes. We will certainly continue buying but only when these two are at least almost entirely paid off. So no cash flow, just a lot of money saving and lump sum payments. The next ones we will aim for cash flow. Let's see. Btw. Liz and Rom probably never had kids. We did.

  • @daveg2199
    @daveg2199 10 месяцев назад +6

    What could their cash flow be if they sold the properties and put the 2.5 million down on a $10 million apartment complex? 🤔

  • @randyrandall2148
    @randyrandall2148 Год назад +1

    Good video. Would be a great video if you could do this again, except assume a rising interest rate environment. In other words, start in the 70s, so to speak, and pretend interest rates rise for 10 years. Also add in current home price to income/salary ratios. That video would be pure gold.

    • @randyrandall2148
      @randyrandall2148 Год назад +1

      @@alliallison4935 Good question. The point is that the 2020s look to be far more similar to the 1970s vs the period between 1980-2020 where interest rates constantly declined. In other words, it's reasonable to assume that the 10 year projection here (one of the major assumptions of this video) is unlikely given current interest rate policy, 2023 average salary to median price homes, etc. Given such, simply change the assumptions to a stagflationary world in order to come up with real world future numbers. We all should be looking through the windshield rather than the rear view mirror when investing. Even if my assumptions are incorrect as you allude to, the exercise would nevertheless be interesting and perhaps even life saving for many.

    • @CoachChadCarson
      @CoachChadCarson  Год назад +1

      ​@@randyrandall2148Thanks for the suggestion. I like these what-if type videos and just helping us all think through scenarios. So, I'll give that some thought for a future one.

  • @dell7990
    @dell7990 4 месяца назад

    Why should an individual risk receiving $2000 a month from something worth $300k. Fire, Damage, vandalism could cost me from $15k - $60k to repair, or worse the tenant burned the house down now insurance is needed

    • @brianifitness3656
      @brianifitness3656 3 месяца назад

      So find a better deal. $2000/mo for 300k isn’t that great.

  • @Shepherdservices317
    @Shepherdservices317 11 месяцев назад

    I just want 2k a month rental. Could live many places for that

  • @jfarrar231
    @jfarrar231 10 месяцев назад

    Houses in my area are garbage and being listed at their weight in gold. We have a ton of old real estate investors that are all trying to cash out at the same time and have flooded our market with their retirement dream prices.

    • @jfarrar231
      @jfarrar231 10 месяцев назад +1

      I have $72k heloc that I'm wanting to use to buy a property but all of them in that range need bulldozed and rebuilt 😂 I don't want to use the heloc for a down payment. Heloc to purchase and renovate then refinance into a mortgage.

  • @robbie-jz6wh
    @robbie-jz6wh 4 месяца назад

    House hacking is great but it’s very hard to do it especially when you have kids and need to change schools every 2-3 years .

  • @plamenavramov7568
    @plamenavramov7568 Месяц назад

    every youtuber talking about how easy is to buy 5 ,10 ,15 ,20 properties but nobody talking about managing the properties and the terrible job the managing company are doing , what they doing is just finding tenants and collecting money that’s all they do and after five years renting your property becoming trash because they’re not taking care of it

  • @jonyezek8546
    @jonyezek8546 Год назад

    Keep going deep coach without the details and specifics and examples.

  • @genwe1894
    @genwe1894 Год назад +1

    $519k sold. You pay ordinary income!

    • @CoachChadCarson
      @CoachChadCarson  Год назад +5

      not in this case.
      When you sell long term investments like rentals, your gain is taxed at capital gains tax rates. And your depreciation recapture is taxed at ordinary income tax rates, up to 25%. See this video for a more detailed explanation: ruclips.net/video/SgNXl8eqa2U/видео.htmlsi=iaTs7Us0pmN_exQU

  • @juliancolvard5742
    @juliancolvard5742 Год назад

    ☄️🔥

  • @rybashgames6185
    @rybashgames6185 Месяц назад +1

    This video is to push product and has not accounting for risk. You shy away from details like mortgage debt would eat you alive and if any income stops even for a little bit then comes ruin. With nothing down essentially the maintenance and debt is greater than income brought in. No one making $90K is doing this at this speed. Prune off 5 and pay off 10? Please, $500K might satisfy 1 or 2 mortgages leaving them with millions left to pay off.

  • @vladkogan2474
    @vladkogan2474 4 месяца назад

    you failed in Spain

  • @priceandpride
    @priceandpride 5 месяцев назад

    you need at least 25% for a second home or straight rental, pretty hard at these coastal prices

    • @CoachChadCarson
      @CoachChadCarson  5 месяцев назад +3

      This is true. The options are:
      1. Buy fixer-uppers at lower prices so you can refinance and not put 25% down (BRRRR strategy)
      2. Buy creatively with seller financing, partners, or private money (my favorites)
      3. Buy somewhere else