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065: Building 6 figure rental portfolio in an overpriced market with Ryan Chaw
Ryan graduated with my Doctor of Pharmacy in 2015 at age 23. Ryan bought his first property in 2016. It was a single family home at his local college. He rented out the house per bedroom and renovated to add extra bedrooms to increase rental profit.
He repeated the same process for each property, buying 1 property each year. He then created a system for getting consistent high quality tenants, managing the tenants, and decreasing expenses through preventative maintenance. He now makes $10,755 per month in rental income.
Questions from the podcast:
• How did you get in real estate?
• What's your strategy to build a 6 figure rental income portfolio?
• How do you find properties which work for your strategy?
• I looked into this myself but it seemed hard to pull it off because of dealing with students. How did you overcome that fear?
• What kind of systems and processes did you put in place so that you are able to work full-time job, have tenants and still stay sane?
• What’s the best advice you would give yourself if you could go back in time?
• Any tools or tips you want to share with someone starting to invest in real estate?
• Any business or real estate book you recommend?
This week we want to share a couple of valuable resources for any of our listeners interested in real estate investment:
If you want to invest out of state, check out these landlord & rental laws before picking city/state to invest in.
Learn about protecting assets and reduce taxes while investing in real estate by visiting Tax and Legal Library Mark Kohler.
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By Alpesh Parmar
5
6161 ratings
Ryan graduated with my Doctor of Pharmacy in 2015 at age 23. Ryan bought his first property in 2016. It was a single family home at his local college. He rented out the house per bedroom and renovated to add extra bedrooms to increase rental profit.
He repeated the same process for each property, buying 1 property each year. He then created a system for getting consistent high quality tenants, managing the tenants, and decreasing expenses through preventative maintenance. He now makes $10,755 per month in rental income.
Questions from the podcast:
• How did you get in real estate?
• What's your strategy to build a 6 figure rental income portfolio?
• How do you find properties which work for your strategy?
• I looked into this myself but it seemed hard to pull it off because of dealing with students. How did you overcome that fear?
• What kind of systems and processes did you put in place so that you are able to work full-time job, have tenants and still stay sane?
• What’s the best advice you would give yourself if you could go back in time?
• Any tools or tips you want to share with someone starting to invest in real estate?
• Any business or real estate book you recommend?
This week we want to share a couple of valuable resources for any of our listeners interested in real estate investment:
If you want to invest out of state, check out these landlord & rental laws before picking city/state to invest in.
Learn about protecting assets and reduce taxes while investing in real estate by visiting Tax and Legal Library Mark Kohler.