Chad Carson, a 37-year-old real estate investor, is spending a year in Ecuador with his wife and two daughters living entirely off of passive income. He’s called it a “mini-retirement.” And how’s he done it? Investing in cash flow rental properties.
With a back story resembling that of Pioneer Homes founder and CEO Al Beahn, Chad started with $1,000 in savings after graduating from college in 2003. By 2007, his business partner and he owned 50 rental properties; today, Chad manages 90 rental properties — and he spends only three to five hours per week working!
In January, Chad explained to Business Insider how he was able to build wealth and creative passive income with real estate investments. This past Saturday, August 19, 2017, Business Insider ran a follow-up story breaking down Chad’s top three rules for achieving early retirement.