• #369: Should I Buy More Rentals or Pay Off Debt? (Here’s What I Did)

  • Nov 11 2024
  • Length: 50 mins
  • Podcast

#369: Should I Buy More Rentals or Pay Off Debt? (Here’s What I Did)

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  • Summary

  • ⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
    http://coachcarson.com/rpm

    🎙️ Episode #369 – Trying to decide between buying more rentals or paying down debt to reach financial freedom? I’ll share my own story of facing this BIG choice, along with insights from one of the wisest investors I know, Erion Shehaj, who’s tackling the same question. Find out which path could be right for you!

    Next Episode:
    How Much Tax I Paid When I Sold a Rental Property
    https://youtu.be/SgNXl8eqa2U

    📄 Show Notes:
    https://www.coachcarson.com/rentalsvsdebt/


    🎬 Timestamps:
    0:00 - Pay off debt or keep growing?
    0:43 - 3 stages of a rental property
    6:12 - How to know when you've won the game?
    9:16 - Erion's personal journey + blueprint for investing
    14:07 - Transitioning from the growth to harvesting phase
    19:33 - Planning from a mini harvester phase vs going all in
    23:27 - The planning phase
    33:54 - Finding a balance in investing
    41:46 - Chad's recommendation for increasing cash flow
    43:04 - When to transition to the next investing phase
    48:14 - Connect with Erion
    49:20 - How Much Tax I Paid When I Sold a Rental

    🔗 Connect with Erion Shehaj:
    Website: https://investingarchitect.com/
    Instagram: https://www.instagram.com/investingarchitect/

    _________________________________________________________

    ⚒️ Get my FREE Real Estate Investor Toolkit:
    https://www.coachcarson.com/toolkit-pod

    🖥️ My Real Estate Courses:

    *FREE COURSE* Find Your Focus in Real Estate for Beginners:
    https://www.coachcarson.com/fyf

    30 Days to a Better Rental Investor:
    https://www.coachcarson.com/30days

    Creative Financing for Real Estate Investors:
    https://www.coachcarson.com/creativefinancing

    My Books:

    📘 The Small & Mighty Real Estate Investor
    📙 Retire Early with Real Estate
    https://www.coachcarson.com/books-pod

    👋 Connect with Me:
    📸 https://www.instagram.com/coachchadcarson
    👍 https://www.facebook.com/coachchadcarson
    🐦 https://twitter.com/CoachChadCarson

    💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

    🌐 For everything else: https://www.coachcarson.com
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