In this episode, Seun Adeyemi interviews Dr. Chad Carter about investing in the US real estate market. Seun expresses frustration with the Canadian real estate market and its pro-tenant regulations. Dr. Chad shares his journey into the US market and his first property purchase. They discuss the benefits of investing in the US, including lower prices and better cash flow. They also talk about finding properties, financing options, and managing properties from a distance. Dr. Chad introduces Beyond Borders, a platform that provides education and consulting services for Canadians interested in investing in US real estate. In this episode, Chad Carter discusses the importance of financial literacy and provides insights into common financial mistakes. He shares investment strategies and highlights the role of real estate in building wealth. The conversation also covers retirement planning and the impact of education on financial success. Finally, Chad shares his thoughts on the future of personal finance.
Takeaways:
The Canadian real estate market is becoming increasingly pro-tenant and anti-landlord, making it less viable for investors.
Investors can find better opportunities in the US real estate market, where prices are lower and cash flow is higher.
It is possible for Canadian investors to finance US properties using Canadian banks and their Canadian credit history.
When investing in the US, it is important to choose the right market and neighborhood based on metrics like population growth, home price appreciation, and household income.
Section 8 housing is a government-sponsored program in the US that provides rental vouchers to tenants, offering landlords a steady source of income and reducing the risk of non-payment. Financial literacy is crucial for making informed financial decisions.
Avoid common financial mistakes such as overspending and not saving enough.
Diversify your investment portfolio and consider real estate as a wealth-building strategy.
Start planning for retirement early and take advantage of retirement savings accounts.
Education plays a significant role in achieving financial success.
The future of personal finance is likely to be influenced by technology and changing economic landscapes.
Featured on the Show:
Dr.Chad Carter
US Real Estate Investor and Sports Chiropractor
Email: info.beyondbordersgroup@gmail.com
https://linktr.ee/beyondbordersgroup
https://www.beyondbordersgroup.com/
Follow us on
Support this show http://supporter.acast.com/the-dollarsavvy-podcast.
Hosted on Acast. See acast.com/privacy for more information.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.