Chad Carson’s friends called him a “nerdjock.”
When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn’t have any money.
He was a 235-pound athlete who attended college on a football scholarship. He graduated debt-free with $1,000 in savings from various odd jobs. He wanted to become an entrepreneur, and he knew he was starting from zero.
As Chad viewed it, starting from zero meant he had nothing to lose.
He started jogging around local neighborhoods near the university. Whenever he noticed a property in disrepair, he’d ask if it was for sale.
If he noticed a ‘For Sale by Owner’ sign in the yard, for example, he’d dial the number.
If he noticed a home with an overgrown lawn and no curtains in the windows, he’d leave a note on the door, or he’d knock on the neighbor’s doors to get the owner’s phone number.
By doing this, Chad started a real estate wholesaling business. He’d find off-market properties, enter into a sales contract with the owner, and then ‘flip’ the contract to an investor. He earned around $5,000 for each deal.