407: Net Worth Of $1.6M - Capsules to Campuses: How One Pharmacist Flipped Careers

Summary

In this episode, Ryan shares his journey from being a pharmacist to achieving financial independence through real estate investing. He has a net worth of $1.7 million mostly in Real Estate. He discusses his unique strategy of renting properties by the bedroom, which significantly increased his cash flow. Ryan reflects on the challenges he faced with his first property, the importance of leveraging loans, and his plans for future growth in the real estate market. He also emphasizes the value of mentorship and teaching others about real estate investing, providing insights and advice for aspiring investors.

Takeaways

• Ryan retired at 31 through real estate investing.
• He bought one property a year, focusing on student rentals.
• Renting by the bedroom significantly increased his cash flow.
• Ryan learned from his mistakes, losing $30,000 on his first property.
• He uses DSCR loans to finance properties without W-2 income.
• Ryan aims to reach 100 doors in his portfolio.
• He teaches others how to invest in student housing.
• Choosing the right college markets is crucial for success.
• Every year you wait to invest pushes back your timeline.
• Ryan underwrites deals based on cash flow, not appreciation.

Sponsored by:

Shopify

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Code: Millionaire