Go Small Or Go Home w/ Chad Carson

In this episode, Coach Chad Carson joins us again to talk about an important article he wrote for BiggerPockets on making sure your investment goals are in line with your life goals.  Link to article: https://www.biggerpockets.com/blog/go-small-or-go-home   Link to Chad's website: https://www.coachcarson.com/  --- Transcript   Michael: Hey everybody. Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by my co host, Emil Shour. We have a very special guest with us today. Chad Carson is joining us again, and Chad's going to be talking to us today about his article that he wrote for BiggerPockets. Why the Massive Real Estate Empire you think you want won't give you the life you imagine? So let's get into it.   Chad Carson, thanks so much for coming back on the podcast, man, we so appreciate you taking the time out of your busy schedule to hang out with this.   Chad: Happy to do it. Thanks for asking me back.   Michael: No, of course, of course. So you wrote an article that got published on BiggerPockets. And we're gonna link to that in the show notes. But the article is called why the massive real estate Empire you think you want won't give you the life you imagine? So we're gonna have you read an excerpt from this article. But I would love to know to kick things off. What made you write this article was kind of your inspiration.   Chad: Yeah, I wrote a lot on bigger pockets I haven't written as much lately, but also wrote a book for bigger pockets. And so I just I love the ecosystem of BiggerPockets. I love the team behind the scenes. It's just a great service to real estate investors and was immersed in a lot of that, though, I think I heard a common refrain. And it's not necessarily a bad thing. But a lot of the podcasts, a lot of the articles you read the ones that really stood out, were the ones talking about get as big as you can, you need to syndicate, you need to get it 1000s of units.   And that was exciting. I guess it makes you know, my podcast hosts your podcast, it makes exciting, you know, headlines when you have this person who bought 50 properties in one year. And that's amazing. But as I thought about it, like the people I knew, both in like the non famous people, nobody even knows who they are, but they have tons of lifestyle, and they have flexibility. And they do what matters to them. A lot of these people had like five properties or three properties, and they had paid them off. And they were really simple. And it was nothing to write home about supposedly.   But if you measure things a little bit differently, it actually was pretty incredible. And so I wrote the article to try to tell that story and to explain kind of my point of view on that. And the headline was, you know, go small or go home, because the Grant Cardones of the world are saying you need to 10x otherwise you're no good, you know. He in particular, you know, maybe I get Grant Cardone on my show one day and have a discussion.   Michael: Have a chat with him.   Chad: Yeah. But I wanted to be kind of the the foil to that not because that's wrong, not because people shouldn't get big and go big. Like, I'm not saying that. What I'm saying is all of us who think keeping things simple, and going small, is just perfectly fine and actually preferred. I wanted to give a voice to that for those people and make an argument, why that's actually a better thing, in many ways.   Michael: Michael: Awesome. Love it.   Emil: I love that I stumbled on this and like the perfect time because I was starting to have that internal conflict where I'm like, man, am I just not thinking big enough? Like, I think this is what I want. But you see it everywhere, like you mentioned, like everyone's saying, Oh, I just took down 100 units here. And he starts to be like, is that what I need to do to be successful? And I love that this reframes that. So yeah.   Chad: Yeah.   Michael: All right. So let's jump into a c