Awesome conversation. Would love to hear another show about you private money lending strategy. Do you just down private notes to your investor friends? Thanks!
@17:00 -- is the 'American Dream' just going to be 'hard' for the next couple of years... or are you seeing it permanently receed from view for a large swath of the US population?
I’m in the Midwest. I work in aviation but I also buy and sell a couple properties every year. I pay cash and never use realtors as I find no value in their commissions. There has not been foreclosures here in a couple years. Now. They are ramping up. I just bought two. People are losing their jobs, businesses are closing, and I think people are out of credit. Everyone has significantly overpaid and now taxes and insurance are killing them. I’m definitely in the camp in Missouri that was praying that the NAR would get completely gutted and commissions would get squashed to 500-1000 flat fees for buying and selling. But. That didn’t happen. 😂😂😂. Oh well. Playing the game as it’s dealt.
Coach! Can you do a deal review of a new construction you bought/built? I’m considering it for my next purchase for the same reasons you mentioned in this video (low maintenance and cap ex, better tenants, etc). Would love to hear what you consider a good deal and what your strategy is for developing new rentals.
Would you still buy in a growing/good market and ignore cash on cash return? Norrthern NJ, Bergen County. Have enough capital to force cash flow to acquire a 3 family asset, new construction.
I'd never want to ignore cash on cash return, but if it's a strong enough location with long-term potential I'll settle for a much lower cash on cash return. This is especially true if I (or a partner) puts enough down so that we have a low-risk debt as well. That almost always results in a worse cash on cash return but a safer long-term investment strategy. Good luck!
With increasing percentages of multi-family / office real estate financing being delinquent, or being 'specially served'... is that signaling a potential correction in pricing on multi-family real estate?
@CoachChadCarson also wanted to let you know your book Small & Mighty has been pivotal to us this past couple of months. It is the single best summary I've found after 10 years of reading and being in expensive coaching programs. We were never on board with high leverage as debt free people, nor wanted 100 doors as a lifestyle to manage. Your book confirmed so many things and in such alignment witb our values. I am now doing a book club with my ladies that I've coached into debt freedom over the years. Thanks for being a rare voice against the " religion of debt" in the real estate space and bringing great wisdom and logic to it along with the math.
Another great video. Two of my favorite people to follow in the real estate space on the same pod cast, I love it! Thanks for putting this out there.
Awesome conversation. Would love to hear another show about you private money lending strategy. Do you just down private notes to your investor friends? Thanks!
Can confirm rent growth in Wisconsin has been pretty bangin.
@soundsnags2001 where are you investing in Wisconsin? I also invest in Wisconsin in Sheboygan County and I agree with your comment.
@@paulnovak2669 Green Bay here. Howdy, neighbor!
Very helpful Thank you for sharing this
@17:00 -- is the 'American Dream' just going to be 'hard' for the next couple of years... or are you seeing it permanently receed from view for a large swath of the US population?
Just getting into my first brrr thank you!
Also in the Midwest by the way!
@@skwidonk1238 I would really like to do this but I just haven’t summoned the courage yet
I’m in the Midwest. I work in aviation but I also buy and sell a couple properties every year. I pay cash and never use realtors as I find no value in their commissions. There has not been foreclosures here in a couple years. Now. They are ramping up. I just bought two. People are losing their jobs, businesses are closing, and I think people are out of credit. Everyone has significantly overpaid and now taxes and insurance are killing them. I’m definitely in the camp in Missouri that was praying that the NAR would get completely gutted and commissions would get squashed to 500-1000 flat fees for buying and selling. But. That didn’t happen. 😂😂😂. Oh well. Playing the game as it’s dealt.
Coach! Can you do a deal review of a new construction you bought/built?
I’m considering it for my next purchase for the same reasons you mentioned in this video (low maintenance and cap ex, better tenants, etc). Would love to hear what you consider a good deal and what your strategy is for developing new rentals.
Will do! New episode on my new build analysis coming in February! Thanks for the suggestion.
"It hasnt happened for over 100 years" ..but we are more primed for it to happen then we've ever been.
The state of the market link appears to be broken?
Would you still buy in a growing/good market and ignore cash on cash return? Norrthern NJ, Bergen County. Have enough capital to force cash flow to acquire a 3 family asset, new construction.
I'd never want to ignore cash on cash return, but if it's a strong enough location with long-term potential I'll settle for a much lower cash on cash return.
This is especially true if I (or a partner) puts enough down so that we have a low-risk debt as well. That almost always results in a worse cash on cash return but a safer long-term investment strategy.
Good luck!
With increasing percentages of multi-family / office real estate financing being delinquent, or being 'specially served'... is that signaling a potential correction in pricing on multi-family real estate?
Looks like the link to the state of the market report is broken?
My apologies. It looks like BiggerPockets hasn't published it yet. I'll update it as soon as I know it's live.
A couple good looking winners right here! Thanks guys.
The link for the 2025 State of the Market report is not working?
My apologies. It looks like BiggerPockets hasn't published it yet. I'll update it as soon as I know it's live.
@CoachChadCarson thank you for such a quick reply
@CoachChadCarson also wanted to let you know your book Small & Mighty has been pivotal to us this past couple of months. It is the single best summary I've found after 10 years of reading and being in expensive coaching programs. We were never on board with high leverage as debt free people, nor wanted 100 doors as a lifestyle to manage. Your book confirmed so many things and in such alignment witb our values. I am now doing a book club with my ladies that I've coached into debt freedom over the years. Thanks for being a rare voice against the " religion of debt" in the real estate space and bringing great wisdom and logic to it along with the math.
Is it me or is Coach Carson looking younger? Is it another effect of financial freedom?
I think it's just a better camera lens😄But I appreciate it!
"Wages are going up faster than inflation" ...b.. ➡️➡️.. S!!!
Midwest rents went up a lot. Tulsa is almost to socal levels 6 years ago when I left.
give up low low % rates same with property taxes give up a $3000 yr tax bill for ?
TEXAS ???? LOL !!!!! Have you looked at their property taxes ???? LOL !!!!! OUCHERONI !!!!!