Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to. For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio. In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount! In This Episode We Cover: How to retire early with rental properties and only work two hours per week When to take profits and when to reinvest in your portfolio Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom The five most commonly believed myths about building a real estate portfolio  Paying off your rentals early and the double benefit of being debt-free And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast Ep 84 BiggerPockets Podcast Ep 141 BiggerPockets Podcast Ep 293 Real Estate Rookie Podcast Ep 306 BiggerPockets Money Podcast Ep 19 Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Pick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795” Connect with Chad: Chad's BiggerPockets Profile Chad's Podcast Chad's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episode 422: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about their Canadian MFM event and the success stories they met there, the answer to what is a tax haven, the story of Kim Dotcom, and more. Want to see more MFM? Subscribe to the MFM YouTube channel here. ----- Links: * Rootd App * Vessi * Nike * Kim Dotcom * Megaupload * Prime * Congo Brands * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (00:35) - Recap of MFM Event (18:25) - Rootd (22:50) - Vessi (26:35) - Tax Havens (37:00) - Kim Dotcom (46:00) - Prime Energy Drink and Logan Paul Freakout ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property? We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property. Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: How real estate professional status can greatly reduce your tax burden (if you qualify) Why smart investors look at their income before buying their next property  The most valuable thing a new investor can bring to a mentor How to know when to pivot investing strategies and the bright side of “shiny object syndrome” What to do when you and an investing partner can’t reach a compromise  Building and buying depreciation so you can keep more of your cash flow And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Understanding Rental Property Depreciation 9 Simple Steps to Finding the Best Real Estate Mentor for You Henry's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate is sexy… most of the time. But is that really what makes it profitable? On today’s show, we sit down with Charles Roberts, an investor and agent from the Denver market. He explains that the secret to success is far more boring than we like to admit. In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more! Charles is incredibly wise, and he has years of experience — so this is one episode that you’ll come back to time and time again. In This Episode We Cover: How Charles got started by buying his first duplex A 15-year loan vs. a 30-year loan How he managed to go full time as a fix-and-flipper What went wrong — despite having 29 properties Should newbies get into flipping? Figuring out what works and what doesn’t What Charles looks for in a partner The benefits of helping someone else achieve success in real estate Scaling, and what he thinks about it Why lending is important in real estate Work harder not smarter Where is he finding deals And SO much more! Links from the Show BiggerPockets Forums Share your story to the No Money Book BiggerPockets Store Dave Ramsey’s Calculator Billions TV Series BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Investing with Low or No Money Down by Brandon Turner The Book on Flipping Houses by J. Scott Lifeonaire by Steve Cook & Shaun McCloskey Set for Life by Scott Trench The Millionaire Next Door by Thomas Stanley & William Danko Born to Run by Christopher McDougall Tweetable Topics: “We think that everybody else is stupid but it turns out we’re the ones stupid.” (Tweet This!) “You don’t know anything until you do it.” (Tweet This!) “You want to work with people you like.” (Tweet This!) “The harder you work the smarter you end up.” (Tweet This!) Connect with Charles Charles’ BiggerPockets Profile Charles’ Company Website Email Charles Learn more about your ad choices. Visit megaphone.fm/adchoices

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in! In This Episode We Cover: The new book that will help you save money Who Amanda Han is and how she became CPA to an investor Why the Tax Code is a language on its own The importance of working with a CPA in regard to the Tax Code The big list of people who screw up their taxes Getting the right legal entity on the first deal The two things to ask your CPA Legitimate tax deductions you should know Getting deductions from equipment What you should know about the home office deduction Other neglected deductions A discussion on income shifting Why you need to make sure you keep receipts How to figure out if an activity is deductible through a CPA Important retirement strategies What you should know about self-directed investing The basics of a 401(k) The tax deferred and leverage concepts all rolled into one Tips for getting benefits from depreciation Entities and mistakes people make with them How having corporations save on tax Why you need proactive planning And SO much more! Links from the Show BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors BiggerPockets Podcast SenseFinancial 4 Depreciation Tax Mistakes Investors Need to Avoid BiggerPockets Webinar BiggerPockets Store BiggerPockets Forums Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “Within the Tax Code, there are a lot of loopholes.” (Tweet This!) “As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!) “Depreciation is not a choice.” (Tweet This!) Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices