Great content with a lot of valuable information. Thank you so much for sharing your knowledge.
@CoachChadCarson6 ай бұрын
Glad it was helpful! thanks for watching. 🙌
@dropoutandretireearly17814 ай бұрын
I was just watching you in the video talking about finding the deals. When you buy 100% debt free and save up slowly at the speed of cash, you don't worry too hard about the price of the home your buying for a rental because you're not going to pay double of the house because you're not paying interest for the next 30 years on a mortgage. I LOVE BEING DEBT FREE NOW !!!! It's a whole new world for me for the roughly last 3 years.
@TGriffiths866 ай бұрын
Thanks coach. I appreciate all the time you put in to sharing knowledge
@CoachChadCarson6 ай бұрын
My pleasure! Thanks for watching. I am making a video on deal analysis that's taking a LOT longer than usual to record. Coming soon. Hope it's helpful as well
@TGriffiths866 ай бұрын
@@CoachChadCarson all of your stuff has been very helpful. You know what I would love to see? A video on how you analyze a properties performance AFTER you've owned it for a while. For example: how to know if a property is still performing well: should I refinance it? Cash out? Pay it off? Sell it? Etc
@CoachChadCarson6 ай бұрын
@@TGriffiths86thanks for the suggestion! I like the idea. I've done a couple of videos like that before. I'll link them below but I'd like to do another in the near future: kzfaq.info/get/bejne/b9SJoM-Ly7aqZ40.html and kzfaq.info/get/bejne/mZ11acqrnNqto2g.html
@jmfu6 ай бұрын
In San Diego, an ordinary property I analyzed recently had GRM of 27. ☠️☠️☠️
@joshmac59146 ай бұрын
Very informative video for a beginner like me,ty
@ayres534 ай бұрын
Newbie here and really like and appreciate your content Chad. Thank you.
@CoachChadCarson16 күн бұрын
thank you for the feedback and for watching!
@dropoutandretireearly17814 ай бұрын
I look for houses the same exact same way. I always buy in suburbs around large cities, I chose cities where southwest airline flies out of so my wifey and I can travel hack the southwest companion pass to go check on our homes once a year.
@EvelynChacon-wl8qi2 ай бұрын
Thank you so much for all this helpful information.
@dropoutandretireearly17814 ай бұрын
People that carry debt are really stuck on the 1% to create cashflow. If you buy the Dave Ramsey 100% debt free way every city nationwide cashflows. Sure the Dave way takes massive discipline but its an AMAZING place when you get there. Great video thanks of posting.
@JevonMusicGroup6 ай бұрын
Hey coach... another great video! So I have a question... I'm in the south suburbs of Chicago. Every satellite city I've researched has a population that's been declining. I found one that I like with a 0.7% rent-to-price ratio and a population decline that is less than most -0.5%. Would a market like that be feasible? Considering that I'm not comfortable with long distance investing and want to stay within maybe a two hour radius of my own back yard. Thanks again! Also, consider releasing your videos so that people in the US will see it pop up at a more optimal time. I hear that helps with the algorithm. I was notified of this video at 4am. Just a thought.
@CoachChadCarson6 ай бұрын
Thanks for the video timing tip. I'll try it! Population decline is definitely a concern. But if you can find one that's better than the rest or growth neutral that may be ok. Just a couple of warnings. 1. Buy for cash flow or at a price discount. You need to make your money at the BUY because appreciation may not help you. 2. Study property tax trends. If they are rising fast or the local gov't finances are rough, be careful. That could mean worse cash flow and/or city services in future.
@JevonMusicGroup6 ай бұрын
@@CoachChadCarson Thanks so much! I hadn't considered property taxes. You always share helpful input.
@codybouscaren64923 ай бұрын
What do you think about Arizona? Like in or outside of Phoenix, for example. The population is growing quickly, so you'd think demand would be up.
@cesarcruziii6 ай бұрын
Thanks for the gameplan coach! See in the ORAAT Vegas event!
@CoachChadCarson6 ай бұрын
My pleasure! See you soon!
@leeroach33816 ай бұрын
Very helpful Thank you for sharing
@dropoutandretireearly17814 ай бұрын
The clean and sober living homes that I do pay a little more and get you closer to that golden 1%. They can pay a little more because there is an average of 8 people in the homes splitting the rents.
@MydaGreat96 ай бұрын
Thank you for all the helpful tips. SC also has higher property tax for out of state investors. Is it landlord friendly?
@CoachChadCarson6 ай бұрын
Property taxes are higher for landlords than owner occupants in SC. But generally still lower than many states even with that. For example i have house that rents for $1,800 with $3,000 of taxes. Middle of road. And SC is more on the landlord friendly spectrum. Reasonable eviction times and no unreasonable tenant qualification restrictions.
@lizsantoyo66996 ай бұрын
Hi Thank you for the information. I am still learning. I got confused about the rent to ratio formula in comparison with the 1% rule can you please explain how they affect each other? Thank you
@CoachChadCarson6 ай бұрын
Sure. $1,500 rent / $300,000 price = .5 % rent-to-price ratio $1,500 rent / $200,000 price = .75% rent-to-price ratio $1,500 rent / $150,000 property = 1% rent-to-price ratio / aka 1% rule So, 1% rule is just one specific rent-to-price ratio. It's popular because if you can buy a rental property at that ratio, it typically has a better chance of making a positive cash flow. But it's not the only thing that matters. The terms of your financing matter a lot, as people have seen with higher interest rates lately.
@lizsantoyo66996 ай бұрын
@CoachChadCarson I see. So if its less than 1% is not a good long-term cash flow? 🤔
@AllNighterHeider6 ай бұрын
Great stuff Thanks Coach
@CoachChadCarson6 ай бұрын
Glad you liked it! Thanks for watching.
@rentalincomeadvisors6 ай бұрын
Great stuff as always, Chad! A few questions that might complicate this: first, is recent population growth predictive of future growth? My guess is that it's not as predictive as we might intuitively imagine. And second, does a market with .65% rent to price ratio have sufficient cash flow opportunities? Sure, it's better than .5%, but in my experience it's still going to be really tough to create cash flow in those markets, particularly at today's higher interest rates. My "sweet spot" would be more like .9%, but places with those price almost aways do NOT have growing populations -- they might be stable instead. There's a give-and-take between cash flow and the "hotness" of a market, since "hotness" drives prices upward and erodes rent-to-price; for me, I'd much rather give up the "hot" factor in favor of cash flow, since I also question my own ability (or anyone else's) to reliably predict the future trajectory of any given market.
@CoachChadCarson6 ай бұрын
Spot on questions. Thanks Eric! Here's my take. 1. Like anything in the future, past population growth isn't always predictive. True. But usually there's some structural "magnet" that's attracting people there. I think you can analyze this and say "why is this region attractive to new people? And will that reason still be valid be for the next 10 years or more?" This is often an intuitive answer - like analyzing why you'd move to a place and less of a data-driven decision. The data follows human decision making. 2. I like finding a hot region (the sun) and then finding the "cash flow" markets within that solar system. You're right - .65 might be the rent-to-price ratio there even in the cash flow satellites. - But if you can buy a property 20-30% below full value, now you're doing better than average and giving yourself a chance to cash flow. - Of if you find a partner or private lender who'll accept a lower interest today to make the deal cash flow, that could work. - Or if you can negotiate low interest seller financing (or buy subject-to), now the cash flow can work. - Or if you buy in C/up-and-coming neighborhoods in that satellite city, you can often get better cash flow. So, my point is I'd rather work harder and cash flow in a growth solar system and have the best of both worlds. 3. Cash flow markets are fine too. You just have to be disciplined to buy without expectation of growth. And you have to be careful of cash flow that evaporates with old, cap-ex-heavy properties. Just my 2-cents! Thanks for watching.
@rentalincomeadvisors6 ай бұрын
@@CoachChadCarson Great points! Some of those strategies are tougher to achieve for the average investor than just, say, buying a house off of MLS. But if you make them work (as you have in your own portfolio), then for sure they'll be lucrative. The expectation of no growth in cash flow markets is taken as a given by nearly everyone, and implied in your response as well. But again, I think we significantly overestimate our ability to predict these things. Here's an interesting counter-example that I often use: I started building a portfolio of cash flow rentals in Memphis in 2018. At that time, if we had asked 100 investors where I should invest for price growth -- Nashville or Memphis -- probably 100 of them would have told me Nashville. Except that's not what happened: over those 6 years, median home values have grown 71% in Memphis, vs. 60% in Nashville. Memphis was the better cash flow market (by far), but it was also the better growth market. Will that continue? I have absolutely no idea -- and I would contend that nobody else does either.
@TheMrslebron6 ай бұрын
Coach great video. Can you do something on setbacks? For instance, I was saving money to invest and we had a death in the family which if no one knows can be very costly if no one has prepared for it in point we had to empty our investment fund. Are there tips and ways to try to get back into motivation.? Thanks for your help.
@adriennerecco6 ай бұрын
This is great! Do you have a video about finding the funding or saving for buying?😊
@CoachChadCarson6 ай бұрын
This recent one is about investing with less cash: kzfaq.info/get/bejne/bMVgpNip2Labfac.html
@CoachChadCarson6 ай бұрын
This one is about buying with less than 20% down: kzfaq.info/get/bejne/iJeYdpl2vLa9n40.html Thanks for watching!
@Aninebula6 ай бұрын
New to learning but anyone does real estate in the Tampa area And know if 4 plexes are common? The markets expensive but this would be like for post election reference And I havnt really seen any 4 plexes on Zillow or anything for tampa
@CoachChadCarson6 ай бұрын
Tampa has a lot of single family houses and condos. You can look for houses with ADU/garage apartments. And look in older part of town for 4plexes
@christopheranderson69316 ай бұрын
What does the election have to do with anything? That's not going to change the housing market
@coachyamyam96666 ай бұрын
is it advisable to invest out of state or city? I'm in Houston and prices are so inflated.
@danayramirez23956 ай бұрын
Flint as in the city with the water crisis?
@NM-nd4zq6 ай бұрын
Hey coach! Another great video! How do college rentals change this approach? Could be in a slow growing population center but strong demand (albeit for 10 months only each year)?
@CoachChadCarson6 ай бұрын
Good question. Many college towns are ALSO good, growing satellite cities. But if that's not the case, I'd just treat it like a steady cash flow market - buy for cash flow. I'd be a little concerned about some private colleges or less prominent colleges over the long run. The world's changing. College tuition can only go up so much so some schools are bound to get squeezed in new economy,
@JNYC-gb1pp6 ай бұрын
I noticed when I did the research you suggested that houses sold were 260k but new ones were much more. Does this just mean the price went up or that many of those were off market? (obviously asking price isn't necessarily met)
@CoachChadCarson6 ай бұрын
Good question. You can look at individual sold properties and see if they were listed and if so what for. That may give you more answers
@jj1221ify4 ай бұрын
Hey coach.. What are your thoughts on buying a home in Dallas, where there is a lot of inventory? I want to buy, but don't want to lose 25% of the home value if I need to sell in 3-5 years. First time home buyer here.
@jj1221ify4 ай бұрын
I ask because some people say that where there is more inventory, prices would be expected to drop. Just curious your thoughts on this. Thank you!
@CoachChadCarson4 ай бұрын
Inventory can affect prices short-term. But long-term, the overall demand and desirability of the market is most important. That's why I buy everything as if I'll keep it for 5 to 10 years. So, if you're convinced Dallas generally and your neighborhood specifically will be better 5 or 10 years from now - it can still be a good investment. When you take this approach, even if prices drop by 25% you can hold on and ignore the news and the crowds because you don't have to sell! Of course, you need to also have some good cash reserves and buy so that in a worst case scenario you could rent your house out and not be upside down with cash flow.
@jj1221ify4 ай бұрын
@@CoachChadCarson that’s what I was hoping to hear! I love Dallas but quite a few negative opinions out there. 5-10 sounds doable! And I will definitely like to cash flow after maybe living there a few years. Thank you so much for the reply! Love your content and appreciate it so much.