Don’t Wait For a 30% Crash to Buy Real Estate!

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Welcome to the podcast, Real Estate Investing with Coach Carson. I’m your host, Chad Carson. You can also call me Coach. This is a show to help you get out of the financial grind so you can do more of what matters. Whether you’re a long time listener or a first time listener, it’s so great to have you here for another episode. In today’s episode, I want to address a common piece of feedback I’m getting, a concern people have where they say buying deals in today’s market is impossible.

 

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The prices are higher.

 

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The interest rates are higher. I’m just going to sit out and wait until things get better. Today’s episode is my response to that and a nice short, compact version of that. Because if you’ve listened to me for a while, you know that there’s two approaches you can take to any challenging situation. There’s one where you say, hey, this is just the way things are. It’s not going to be successful. I’m going to be a victim and I’m just.

 

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Going to sit.

 

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On the sidelines and wait till things change. Kind of like a boat in the ocean that just gets tossed around by the waves and you have no control. The other alternative, and this is more of a stoic.

 

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Philosophy, which I.

 

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Really like and.

 

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Enjoy.

 

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Is, hey.

 

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There is a.

 

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Reality here. Interest rates have changed.

 

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Prices are higher.

 

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But what are the.

 

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Things.

 

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That we.

 

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Can control.

 

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That’s what I talk about in this episode. It’s actually an interview with Michael Zuber from One Rental at a Time. It originally aired on his show on his YouTube channel. He was kind enough.

 

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To let us.

 

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Publish it here for you. This is going to be an optimistic episode that gives you tools.

 

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That gives you.

 

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Strategies so that you can still buy great deals today. This isn’t theory. This is something I’m doing. This is something I’m helping people do in today’s market. I want to give you the tools and.

 

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The mindset to.

 

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Do it as well. Before we get to the episode, I want to remind you that I love getting your feedback. You can always send me an email at podcast@coachcarson. Com with your comments on this episode or suggestions for future episodes. And if you like what you hear today and you do believe there’s great deals out there, but you want someone to help you and coach you to actually do it, I think you might be interested in my new coaching and learning community called Rental Property Mastery. I’m coaching people every single week. We have a community of people who are taking action with accountability and learning how to implement the details and the craft of rental property investing. You can check out a link in the podcast description for more details. With that, let’s get to this week’s episode with me and Michael Zuber.

 

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All right, folks, I am going to spring a question on Coach Carson that I get all the time. I’m just going to sit back and eat some popcorn and see how I respond to this. You ready to go, Chad?

 

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Let’s do it. All right.

 

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All right, Chad, I get a hold of you. I call you up. I’m excited about real estate investing, but I got to tell you, dude, I am going to wait for houses to crash 30 % and then I’m going to buy. What do you think?

 

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Oh, boy. Well, multiple red flags for me on this one. First and foremost is that we, as real estate investors are our number one asset. The thing that really makes us the most money is not the real estate itself. It’s the knowledge we have in our heads and the the not the skills that we accumulate. And we never accumulate real knowledge and real skills sitting and doing nothing. So if you sit on the sidelines, you’re never going to make progress. It’s like trying to steer a parked car. So if you want to compound your number one asset, you’ve got to get emotion. You’ve got to do some deals. That’s first and foremost. That’s just the personal side of things. The second side of things is I’m a big Warren Buffett fan. I think I have a picture of him somewhere there, my background. And he constantly says that people who try to predict markets are no better than fortune tellers. The people who are the gimmicky people at the circus trying to tell you, Hey, this is when you should get out. That doesn’t mean economic forecasting isn’t important. That doesn’t mean predicting like, Here’s the variables that could happen.

 

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I love your show because I think you are humble enough to say, What? I’m wrong? But you also say, Here are some things we’re looking at. But from a decision to be in the market standpoint, I would consider it folly, a mistake to sit on the sidelines saying, This is what is going to happen. This is what it’s not. Instead, here’s my approach. My approach is, let’s listen to people like Michael who have economics backgrounds who can tell us some facts in order to prepare for the different potential things that are going to happen, and then I just get in the market. I’m an arena person. I like the Teddy Roosevelt quote of, I’m not the critic. I’m the person in the arena who, yes, I’m looking at economics, but I’m doing deals. I’m getting the financing. I’m making things happen. There might be a lion that takes a swipe at me and I make a mistake and lose some money in the arena, but I’m in the arena because that’s where you learn, that’s where you grow. From a practical standpoint, this is a stop market strategy, but there’s something called dollar cost where the most successful strategy typically in stock investing is just to always be investing consistently over time.

 

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And what’s cool about that strategy is during a really high market, you’ll still be investing, but you’ll buy a lot fewer properties or a lot fewer stocks because the prices are higher. But because you’re always investing, you’re not going to miss out on the opportunities because when things are really good, those windows are short. Recessions are a lot shorter than the uptimes. This is a three-month recession, like the little mini recession we had during COVID, like a two, three-month thing.

 

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There’s some.

 

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People who bought amazing deals, but if they were sitting there waiting, they would have missed out because you have to have the machine going, you have to be out there buying. I think from a personal standpoint is a mistake. I think from a practical investment strategy standpoint, feeling like you listen to Warren Buffett, if you listen to Charlie Munger, if you listen to anybody who’s been in the market for a long time, they tell you time in the market is more important than trying to time the market. And it’s just a better strategy that will work out better in the long run.

 

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Yeah, because I get this comment or a version of this comment almost every day. I’ve gotten to the point of saying, but frankly, who said that? Who thinks Home Price are going to crash? Because you and I both have growing YouTube channels and our influencers in this space who talk about doing the work. Not sexy, but doing the work and in the market, get skilling up. The answer comes back. It’s like one of five or six channels that are talking about 30 % price crash. And they’ve been talking about this for four or five years now. And I’m to the point where I say block those people, frankly. They’re fear mongers. They’re porn creators. The only people they’re helping are themselves. They never admit when they’re wrong. They have hurt people beyond financial repair in many cases. So if I get somebody that comes, they get attracted to my daily financial news or something, but then they something like, Hey, I’m going to wait for the price crash. I ask who, and they give me one of five names. I’m like, Either follow them or, Father, follow me. You can’t follow us both. I mean, I don’t care.

 

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Pick one of them. Because you can’t have a glass of water, add a drop of oil and drink the water. That’s what you’re doing yourself. You got to cut out the just negative nonsense. It’s crazy.

 

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Yeah, that doesn’t mean we’re Pollyanna. That doesn’t mean we’re ignoring the facts. That’s what.

 

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Some of the responses are. I talk about shit all the time. Just do the work.

 

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Exactly. Yeah, I get that pushback, though. Like, Oh, you’re just propping up real estate. You’re promoters of real estate. It’s like, No, no. I am putting my money where my mouth is. I’m investing the money. I’m putting hundreds of thousands of dollars per deal right now into deals. I’m not waiting. And so, yes, I might, going back to my arena metaphor, when you’re in the arena, you might make mistakes. What if those people are right and prices do drop 30%? I’m going to buy more. I’m going to buy more.

 

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I’ve gotten to the point where I tell people, because I’ll put out a video, I’ll talk about prices being flat. I’ll get comments about a 30 to 50 % price crash. You know what I say? I hope you’re right. I’m just so annoyed. Let me just say this for the YouTube universe. I hope real estate crashes 50 %. I hope I have to wear my swing in a missed T-shirt for a month and a half because folks, unlike those idiots living in their mom’s basements, I have been in that environment before and made a killing in that environment. I hope they’re right. They’re just not, but I hope they’re right.

 

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Yeah. The bottom line is we have to control what we can control. We can control how we prepare. We can control what property, what our buy box looks like, all the stuff you and I talk about. Those are the things we can control. And yes, we got to listen to a little bit of like, All right, what’s the weather like outside? Let’s listen to the weather report. But if you sit there all day listening to the weather report instead of getting outside, what’s the point? Are you living your life? You’ve got to be an investor, not a watching YouTuber. You’ve got to go out and do it. I know that’s what your mission’s about. Your mission’s about doing the work. My mission’s about doing what matters, buying properties, getting in the game. That’s the common thread.

 

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At the end of the day, folks, I’m really getting to the point where you got to block… I’ve always talked about one of my seven rules is you have to audit your network. When I made the seven rules that was always a physical, your five friends, all of that. But now with the social media and these apps on our phones, dude, find the block feature. Trust me, one of the most insidious places on the planet is Twitter or X. My Twitter feed has become actually pretty awesome once I started blocking doomers. The obvious one is going to be. If you want to watch these five or six crash channels, you want to make them rich while they hurt at you. You’re the adult. You make that choice. So own your choices, folks. Own your choices. Chad, where can people find you?

 

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Anywhere you search on social, YouTube in particular, search Coach Carson. I’m out there. You can come to my website, Coach Carson. Com, and I have a weekly newsletter behind the scenes sharing what I’m up to. I’d love to connect with you anywhere that I feel is the best spot for you.

 

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There you go. Don’t forget your new book. What’s the new book title?

 

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Book is The Small and mighty real estate investor. It’s a business model for those of us who want a lifestyle, not another nine to five job, but we want to invest for cashflow and travel and do what matters to you. That’s what I’m all about.

 

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There you go. Thank you, buddy.

 

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Thanks, Michael.

 

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Hey, team, thanks for listening to this episode. Hope you enjoyed it. If you did, the biggest compliment and favor you can do for me is to leave a review on Apple Podcast. It only takes a minute and it would mean the world to me because it helps other people to find this show. I also want to remind you that I have a free weekly newsletter where I share success stories, case studies, and lessons that will help you on your journey to financial freedom as a rental investor. So check out a link for the newsletter below in the podcast description. You’ll also get some free goodies, tools and spreadsheets that’ll help you become a better rental investor. You’ve been listening to the podcast, Real Estate Investing with Coach Carson. I’m your host, Chad Carson. You can also call me Coach, and this is a show to help you get out of the financial grind so you can do more of what matters.

 

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See you next time.