Real Estate Investing with Coach Carson artwork

#299: From Ordinary to Extraordinary: Transforming an 8-unit Building into a Cashflowing Powerhouse

Real Estate Investing with Coach Carson

English - July 17, 2023 09:00 - 1 hour - 52.7 MB - ★★★★★ - 479 ratings
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Previous Episode: #298 - From Bankruptcy to Debt-Free Rental Portfolio - One Family’s Journey
Next Episode: #300: The Rise of the Small & Mighty Real Estate Investor (Book Launch Day!)

Episode #299 - Dive deep into Joe's $1.75 million 8-unit apartment purchase! After months of sweat equity, he and his wife transformed it into a gorgeous Airbnb powerhouse, making 2-3 times more money than the previous owner.

📑 COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/airbnbtransformation/

🔗 LINKS:

Joe's 8-unit Hotel: https://www.switchbacksuites.com

Joe's prior episode: https://www.coachcarson.com/montanahousehacks/

🎬 TIMESTAMPS:

0:00 - Seeing the vision

2:35 - Living in an RV

4:53 - Why Kalispell, Montana

6:36 - Current rentals

11:53 - ADU Househack

15:45 - How to find deals

26:30 - Negotiation

30:14 - 3 offers

34:03 - 2x -3x rents

45:25 - Owner counteroffers

50:47 - Financing structure

53:33 - Repairs & final numbers

57:03 - Property performance

1:04:35 - Net cashflow numbers

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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:

- Deal Machine - software to help you buy more real estate deals - https://www.coachcarson.com/dealmachine

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💰CREATIVE FINANCING COURSE🏘️

Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork!  coachcarson.com/creativefinancing

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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing!  https://coachcarson.com/podcast

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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT   https://coachcarson.com/reitoolkit

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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/

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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook

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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson

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