Real Estate Investing with Coach Carson #419: From 0 to 12 Rentals in 3 Years - A Navy Vet’s Growth Story
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Jun 16, 2025 Ryan Phan, a Navy veteran turned successful real estate investor, shares his inspiring journey from a small town in Vietnam to building a 12-property rental portfolio in just three years. He reveals how he accidentally became a landlord and transformed challenges into opportunities. Ryan discusses strategic diversification, leveraging DSCR loans, and navigating the market with effective negotiation tactics. He emphasizes the importance of community support in real estate and outlines his vision for financial independence, aiming for 24 units in the future.
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Accidental Landlord Experience
- Ryan accidentally became a landlord when he was stationed away from his home and couldn't sell his house quickly.
- His first tenant was evicted, and he faced months of lost rent during COVID, but this ignited his real estate education.
Adapt Strategies to Market Conditions
- Different market conditions require adapting investment strategies, especially considering interest rates and deal flow.
- Fixating on a single strategy limits success; flexibility is essential for current real estate markets.
Buying Properties as Duty Station Trophies
- Ryan aimed to buy properties at every Navy duty station as trophies and keep them.
- His South Carolina flip taught him construction knowledge and improved confidence with contractors.
