#40: Ask Coach - How to Evaluate a Multiunit Apartment Purchase

⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT

🎙️ Episode #334 - Join Coach Carson and Michael Zuber as they unveil the keys to rental property financial mastery. Discover the significance of meticulous record-keeping, strategic KPI monitoring, and cash flow management, empowering you to navigate the real estate landscape with confidence and secure long-term success in your investments.

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

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

🎬 Timestamps:

0:00 - Being NEO in the Matrix

1:39 - Why is Bookkeeping so important?

3:08 - 1 - It's the law!

7:37 - 2 - Your Key Performance Indicators

9:27 - Profit is NOT cashflow

13:21 - Playing strategic chess

16:12 - Be a better future investor

18:17 - How much taxes I paid when I sold my rental

🔗 Connect with Michael Zuber: 

• Michael Zuber's Youtube: https://www.youtube.com/@OneRentalataTime
• Michael Zuber's Podcast: https://podcasts.apple.com/us/podcast/one-rental-at-a-time/id1456199456

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

🖥️ My Real Estate Courses: https://courses.coachcarson.com
🔵 30 Days to a Better Rental Investor
🔵 Creative Financing for Real Estate Investors

📚 My Books:
📘 The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook

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

✅Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT

🎙️ Episode #333 - Coach and Erion guide you through the essential steps of finding a reliable property manager, covering everything from defining your needs to evaluating crucial qualities such as market knowledge, incentive alignment, tenant management skills, and company stability.

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

▶️ Next Video: The Top 5 Mistakes I’ve Made as a Real Estate Investor https://youtu.be/5pZGBzaeMw0

🎬 Timestamps:

0:00 - How to find a property manager

1:56 - Define your expectations

6:25 - 1: Superior market knowledge

10:42 2: Incentive alignment

14:55 - 3: Proactive maintenance approach

18:48 - 4: Tenant communication

21:06 - 5: Experience & reputation

26:56 - My Top 5 Mistakes

🔗 Connect with Erion

• Erion's Twitter: https://twitter.com/investarchitect

• Erion's Website: https://www.signaturehouston.com/

• Erion’s LinkedIn: https://www.linkedin.com/in/erionshehaj/

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

🖥️ My Real Estate Courses: https://courses.coachcarson.com
• 30 Days to a Better Rental Investor
• Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook

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

✅ Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT

🎙️ Episode #332 - Ready to dive into the nitty-gritty of single-family rental property analysis? Coach Carson guides you through a real-life example, breaking down the process step-by-step using tried-and-true tools. Whether you're a seasoned investor or just starting out, this episode is your ultimate guide to running the numbers and making savvy real estate decisions.

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

🎬 Timestamps:

0:00 - Intro

0:59 - Back of the Envelope Analysis

1:27 - The 3 Ingredients of a Good Deal

2:50 - #1: Location

6:58 - #2: The Property Itself

11:02 -#3: Running the Numbers

23:47 - Using a Spreadsheet

37:49 - How Much Cashflow I Actually Made on my 1st Rental

🔗 Coach's Recommended Links:

• Coach’s Deal Worksheet (Desirability Checklist): https://www.coachcarson.com/toolkit-yt/
• Coach's Buy Box Video: https://youtu.be/r5C_Lvw5aWw?si=Dby-5e3R2_k2sZQ2
• BiggerPockets Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new
• Coach’s Simple Rental Property Calculator: https://www.coachcarson.com/rental-property-calculator-spreadsheet/
• Coach’s Internal Rate of Return Video: https://youtu.be/HJnnpXoR6y0?si=cbfHkXu-wJ27dPRg

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

🖥️ My Real Estate Courses: https://courses.coachcarson.com
🔵 30 Days to a Better Rental Investor
🔵 Creative Financing for Real Estate Investors

📚 My Books:
📘 The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook

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

✅Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT

🎙️ Episode #331 - David Greene from Bigger Pockets recaps his journey from restaurant gigs in college to real estate millions. Discover how his relentless work ethic translated into what he calls the "3 Pillars of Building Wealth."

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

▶️ Next Video: How to Confidently Buy Your First Rental Property (10-Steps) https://youtu.be/Vl82XxjUiGA?si=4eBQi0HOFG1bWS8i

🎬 Timestamps:

0:00 - 4 Strategies to Wealth Building

1:34 - Comparing wealth to fitness

9:51 - David's motivation to work

14:11 - Building money-making skills

27:23 - David's evolution as an investor

37:44 - Risk Managing and Portfolio Building

48:08 - How the real estate game has changed

52:22 - How to connect with David

53:39 - Outro

🔗 Connect with David

• David's Book: https://store.biggerpockets.com/products/pillars-of-wealth
• David’s Website: https://www.davidgreene24.com/
• David’s Accelerators: https://www.davidgreene24.com/agent
• David's Instagram: https://www.instagram.com/davidgreene24/

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

🖥️ My Real Estate Courses: https://courses.coachcarson.com
🔵 30 Days to a Better Rental Investor
🔵 Creative Financing for Real Estate Investors

📚 My Books:
📘 The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook

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

✅Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT

🎙️ Episode #330 - Coach and Erion share insights on recognizing opportune moments to sell, such as peak property value or declining quality, and discover poor reasons that may lead to suboptimal outcomes. Whether navigating market fluctuations, evaluating replacement opportunities, we’ll equip you with a strategic approach to maximize the potential of your real estate investments.

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

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

🎬 Timestamps:

0:00 - Intro

00:41 - Rental Property Mastery

01:30 - 3 Good Reasons to Sell a Property

08:21 - 3 Bad Reasons to Sell a Property

15:20 - Checklist When Determining to Sell a Property

18:26 - Conclusion

🔗 Connect with Erion

• Erion's Twitter: https://twitter.com/investarchitect

• Erion's Website: https://www.signaturehouston.com/

• Erion’s LinkedIn: https://www.linkedin.com/in/erionshehaj/

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

🖥️ My Real Estate Courses: https://courses.coachcarson.com
🔵 30 Days to a Better Rental Investor
🔵 Creative Financing for Real Estate Investors

📚 My Books:
📘 The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook

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

✅Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:

https://www.coachcarson.com/RPM-YT 

🎙️ Episode 329 – Stuck in a market where real estate feels like a cash flow dead-end? Don't get stuck again. Uncover my game-changing 5-step recipe for finding markets that not only pump out robust cash flow but also set the stage for long-term growth.

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

▶️ Next Video: Run the Numbers (Example Duplex):

https://youtu.be/MPbuwBH_ZDo

🎬 Audio Timestamps:

0:00 – Intro

01:46 – The Criteria of What Makes a Good Market

02:02 – Criteria #1: Strong Demand

03:40 – Criteria #2: Affordability

07:57 – Locations are like Solar Systems

09:21 – "Surban" Locations

12:09 – Finding Good Deals

13:00 – Checklist for Finding Your Target Market

17:28 – Conclusion

🔗 Show Links:

• Evaluate the growth of a location: https://www.census.gov

• Big Shifts Ahead by John Burns: https://www.coachcarson.com/big-shifts-ahead/

--------------------------

⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

🖥️ My Real Estate Courses: https://courses.coachcarson.com

   🔵 30 Days to a Better Rental Investor

   🔵 Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook

💰 DealMachine - Software to help you buy more real estate deals:

https://www.coachcarson.com/dealmachine-YT 

✅ Subscribe for more videos about real estate investing:

https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

👋 Connect with me:

   📸 https://www.instagram.com/coachchadcarson 

   👍 https://www.facebook.com/coachchadcarson 

   🐦 https://twitter.com/CoachChadCarson

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:

https://www.coachcarson.com/RPM-YT 

🎙️ Episode 328 – Limited cash? Here are the 4 practical approaches I would take to overcome those financial hurdles and build wealth through real estate investing.

📄 Show Notes:

https://www.coachcarson.com/buynextrental/

🎬 Timestamps:

0:00 - Intro

00:39 - The Cash You Need to Buy a Rental Property

01:37 - O.P.M. Other People's Money

02:47 - Example #1: Money Partner

07:40 - Buy & Hold Growth Strategy

12:12 - Example #2: Private Lender

17:05 - Example #3: Seller Financing

22:59- Example #4: Subject to Mortgage

27:18 – Conclusion 

🔗 Show Links:

• My Simple Rental Calculator: coachcarson.com/rental-property-calculator-spreadsheet/

• My Buy Box Video: https://youtu.be/r5C_Lvw5aWw?si=kQLOcVb-weRLGQuP

• 4 Underrated Ways to Find Off Market Property Deals in 2024: https://youtu.be/cL_Xw-vPqRI?si=DN6rK0yVCrS4GpL8

• How to Buy with Seller Financing: https://youtu.be/XHe0ckdsCLE?si=hdximMfvtwsIEy8r

• How to Buy Subject to the Mortgage: https://youtu.be/ydN34A1VjBg?si=nbaxgZMTyT7JmDIh

--------------------------

⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

🖥️ My Real Estate Courses: https://courses.coachcarson.com

   🔵 30 Days to a Better Rental Investor

   🔵 Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook

💰 DealMachine - Software to help you buy more real estate deals:

https://www.coachcarson.com/dealmachine-YT 

✅ Subscribe for more videos about real estate investing:

https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

👋 Connect with me:

   📸 https://www.instagram.com/coachchadcarson 

   👍 https://www.facebook.com/coachchadcarson 

   🐦 https://twitter.com/CoachChadCarson

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:

https://www.coachcarson.com/RPM-YT 

🎙️ Episode 327 – Dave from BiggerPockets shows the blueprint to tailoring your real estate strategy. Whether you're a newbie or a seasoned pro, learn how to build a resilient, purpose-driven portfolio that aligns perfectly with your unique goals. Success in real estate, your way!

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

🎬 Timestamps:

0:00 - Intro

1:08 - Biggest challenge when choosing

3:10 - Your Resource Audit

9:34 - Your Deal Design

14:19 - Your Portfolio Optimization

20:12 - Key Portfolio Metrics to pay attention to

25:14 - Final advice

🔗 Connect with Dave Meyer:

• Start with Strategy Book: https://store.biggerpockets.com/products/start-with-strategy
• Dave's Instagram: https://www.instagram.com/thedatadeli/
• On the Market Podcast: https://www.biggerpockets.com/podcasts/on-the-market

--------------------------

⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

🖥️ My Real Estate Courses: https://courses.coachcarson.com

   🔵 30 Days to a Better Rental Investor

   🔵 Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook

💰 DealMachine - Software to help you buy more real estate deals:

https://www.coachcarson.com/dealmachine-YT 

✅ Subscribe for more videos about real estate investing:

https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

👋 Connect with me:

   📸 https://www.instagram.com/coachchadcarson 

   👍 https://www.facebook.com/coachchadcarson 

   🐦 https://twitter.com/CoachChadCarson

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:

https://www.coachcarson.com/RPM-YT 

🎙️ Episode 326b – Learn the risks, benefits, and why John Schaub advises against refinancing personal residences. Elevate your investing game with strategic insights in this quick, power-packed episode!

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

🎬 Timestamps:

0:00 - When you run out of cash

0:39 - John's true answer

3:55 - Don't be in a hurry

5:19 - Another strategy that's NOT refinancing

🔗 Connect with John Schaub:

• John's FULL episode: https://www.coachcarson.com/2024cashflowtricks/
• Building Wealth One House at a Time: https://a.co/d/86njibJ
• John's website: www.JohnSchaub.com 

--------------------------

⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

🖥️ My Real Estate Courses: https://courses.coachcarson.com

   🔵 30 Days to a Better Rental Investor

   🔵 Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook

💰 DealMachine - Software to help you buy more real estate deals:

https://www.coachcarson.com/dealmachine-YT 

✅ Subscribe for more videos about real estate investing:

https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

👋 Connect with me:

   📸 https://www.instagram.com/coachchadcarson 

   👍 https://www.facebook.com/coachchadcarson 

   🐦 https://twitter.com/CoachChadCarson

🌐 For everything else: http://www.CoachCarson.com

⭐ Join Rental Property Mastery, my coaching & learning community:

https://www.coachcarson.com/RPM-YT 

🎙️ Episode 326 – Unlock John Schaub's 50 year strategies for conquering high-interest rates, navigating inflation, and cherry-picking profitable properties. Feeling discouraged about investing in 2024? Don't miss out as John spills the beans on leveraging knowledge with other people's money for maximum profit in today's market.

📄 Show Notes:  https://www.coachcarson.com/2024cashflowtricks/

🎬 Timestamps:

0:00 - ONE goal for 2024

1:06 - Today’s Market vs. the 70s/80s

3:34 - Tactical Playbook for Inflation

5:23 - Financing that thrives in 2024

9:57 - If you started with $50K...

11:59 - Seller financing case studies

19:54 - The Lot, NOT the house, goes up in value

23:15 - John’s favorite Buy and hold strategy

26:06 - Conquer High-Priced Markets

31:08 - Buying with partners

35:14 - Final thoughts

🔗 Connect with John Schaub:

• Building Wealth One House at a Time: https://a.co/d/86njibJ
• John's website: www.JohnSchaub.com
• (My Book Review) Building Wealth One House at a Time: https://youtu.be/QHLslu__eI8?si=XUki3S4b_Pky7L22

--------------------------

⚒️ Get my FREE Real Estate Investor Toolkit:

https://www.coachcarson.com/toolkit-yt/

🖥️ My Real Estate Courses: https://courses.coachcarson.com

   🔵 30 Days to a Better Rental Investor

   🔵 Creative Financing for Real Estate Investors

📚 My Books:

📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty

📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook

💰 DealMachine - Software to help you buy more real estate deals:

https://www.coachcarson.com/dealmachine-YT 

✅ Subscribe for more videos about real estate investing:

https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

👋 Connect with me:

   📸 https://www.instagram.com/coachchadcarson 

   👍 https://www.facebook.com/coachchadcarson 

   🐦 https://twitter.com/CoachChadCarson

🌐 For everything else: http://www.CoachCarson.com