How to Retire Early with 10 Rental Properties (or Less)

You can retire early with fewer rental properties than you think. That's right; you DON’T need thirty income properties or a fifty-unit apartment building to find financial freedom. You can have stellar, six-figure cash flow coming in EVERY YEAR while only working TWO hours per WEEK. But how do you get there in 2023’s high-priced housing market? Look to Chad “Coach” Carson as your guide to early retirement, financial independence, and building a small but mighty rental property portfolio.

Chad was able to build a $10K/month passive income stream, live abroad, and achieve ultimate time freedom thanks to his small, paid-off rental property portfolio. With a portfolio of his size, you don’t have to deal with constant tenant phone calls or the operational nightmares of a huge rental empire. Meanwhile, you’ll still get the cash flow, consistent income, and appreciation you need to build wealth WITHOUT the headaches. Want to repeat Chad’s system for success? Pick up his new book!

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0:00 Do More with LESS
2:06 Make $10K/Month
3:20 Work 2 Hours Per WEEK
4:23 Paying Off Your Properties
6:26 Find Financial Freedom!

[seanm]

7min book advertisement here... BP masters of marketing

[robertglynnlane]

Ten properties at $1K/month positive cashflow is exactly my goal over the next ten years! I'm closing on my first property next week!

[bonniebriggs]

Yes! This is great encouragement for those of us who aren't Type A personalities, and don't want the hassle of a real estate empire. We just want the freedom of passive income!

[AK-dgry]

Turns out that just by reading a book you can pay off 10 properties and own them free and clear!! Spain, here I come!!!

[dahammakumbura]

this video is so bad he just advertises his book and just does some simple math

[Dimrain]

This is a fair compromise between the nonsensical approach of Dave Ramsey and most investors. I like the concept as making millions isnt always worth the squeeze if you can just make 300k a year and have no debt, but it always requires debt to get there in a meaningful amount of time.

[mrs.germain]

We are currently doing this, we have 5 paid off properties that we are renting out. 5 more to go! Goal is to retire by 40.

[redtiger]

I'll save you having to pay for this guys book. He most likely used a process known as steamrolling. In this you get into one small unit that you can pay down to 50% in under 3 years. As soon as that is done you refi into another 30 years (only worked when interest rates were sub 4%) You then buy another small unit that is roughly the same price as your first. Rent out the first unit for the new mortgage amount plus 50% min. Take all the 50% overage plus any additional income you have and pay off the 1st unit. If done right this would mean the 1st unit is paid off in 6 years. Now take everything and dump it into the unit you are living in. Once it is paid off you move into yet another unit of similar price. Rent out unit 2 and if the rents work out right the rent from unit 1 and unit 2 are paying off unit 2 in just under 4 years. All the while you are putting your own income into the 3rd unit which you live in. Now once unit 2 is paid off you switch everything to paying off unit 3 before you move again. As you can see this is tedious. It requires you to move a lot because under this old system you could always keep a lower mortgage as owner occupied. Until rates go back to sub 5% the system will not work, also the price of the units plays a large part. The time frames I listed were based on units in the mid $200s (something that cannot be found anymore as is because he did this over a decade ago)

[ritamc]

I just have a small handful of properties, and it really goes such a long way!! With my free time I'd just spend more time with my family. It's why I'm looking at property management software right now to help automate things.

[zanerobloxgamer]

I used the same strategy the guy talks about and frankly it works to increase your NW into multimillion, personal experience. That said, the zoom in and zoom out editing made me dizzy lol. I would have just promoted the book at the end too not throughout.

[listerinr]

This is assuming taxes, insurance, cost of maintenance never increase over the ten years it took to pay off the mortgages.

[tressacramer]

I get it. My husband and I have considered this approach.

[lawrencebriggs]

Good video Coach Carson! I’m a SMALL & MIGHTY real estate investor too!

[surfnbacker]

Being a RE investor for 15 years now, the biggest lesson I’ve learned is patience. These things take time to appreciate. Everyone complains that RE prices are too high right now, and they are mostly right. Here’s the thing, up until 2021, there was 11 years of great buying opportunities. It’s high right now but won’t be high forever. Invest in stock market until you have enough to get into the RE game. Gotta have a 10+ year outlook.

[AKcam]

This is my sort of RE investing! I cringe at the thought of owning more than 10.

[saitharunthodupunuri]

All these equations did not calculate how to handle or bypass the taxes. Please tell me if I am missing something here

[gregtrahan]

I’ll do you one better, just get 10 properties that profit $2000/month. Now stay with me here
2k x 10 = $20k
20k x 12 = $240k/year
Doing some simple math does not explain anything.

[Recklessness]

JUST TEN properties! That's right ONLY ten, lol. Most people have a hard time just getting one good deal property. Shameless book advertisement. No one is paying off 10 properties within 10 years working a 9-5, especially with the current interest environment let alone getting cash flow. They MIGHT gain home appreciation, maybe, but not cash flow or if they are it's very little, not $1, 000 a month.

[sarahgrillo]

@coachcarson is and has been the best voice for me in my real estate journey! He offers so much value from the step by step process of purchasing to practical property management. I have always had a modest income but following his plan we’ve been able to invest in real estate to begin changing the financial trajectory of our family!

[memopersonal]

That's what I've been thinking. Wow I'm will pre-order. Thank you.