Real estate is the golden key to passive income. How can you use it to reach FI?

Chad Carson got started with real estate right out of college. Him and his business partner started flipping houses and securing good deals on houses. Now he owns 90 properties and does amazing mini-retirements (in Ecuador!) while teaching others about real estate on his blog.

You'll how interesting his story is.

We also chat about...

Why and how you should treat real estate like a business How Chad picks houses How he got to FI What he manages currently Chad's 17 months in Ecuador Medical costs overseas

Enjoy this chat with Chad, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Chad's website: Coach Carson Chad's Real Estate Start School (the course closes on the 18th, but you can get on the waitlist) Chad's 7-day free real estate course. Realtor app Retire Early with Real Estate <- Chad's book The E-myth <- book we talked about in the episode Our YouTube review of Chad's Course

Key takeaways from our chat with Chad 1 - Getting out into a neighbourhood is a great way to search for houses Chad's favourite way of looking for house deals is to go for a walk in a neighbourhood for 2/3 hours. He takes notes, asks neighbours and has his Realtor app to see how much the property is selling for. He looks for something interesting and then does some following up to see if it could be a good deal, many times before the house is even on the market. 2 - Treat real estate like a business You need start building it from the beginning: have an operations manual, test the metrics and keep account of all the numbers. Chad says you need to act as if you're going to teach someone else to do the job. Not only does that create efficient systems but it removes a lot of stress and work. 3 - Should you get into real estate? As Chad says, you should get into the aspect that you're good at and that you're passionate about. He says he's terrible at designing and fixing up houses himself, so he outsources all that. What he loves is negotiating and seeing the transformation. He's also good at implementing systems and management, which is what he does most when managing all his properties. Questions? Like or dislike? Leave us a comment!   Want to support the podcast?  Here are three things you can do. 1.  Start tracking your net worth with Personal Capital using our link.  It's free. 2.  Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3.  Join our Facebook group and connect with other members of the FI community.