Get Rich Education

332: Financial Freedom With Four Single-Family Homes


Listen Later

Today's guest reveals how he gets $10,755 of monthly cash flow with four SFHs. They're long-term rental tenants.

Get our free newsletter here: www.getricheducation.com/letter

I tell you why a man with $20 million of debt is a financial winner, making analogies to Brett Favre and Cy Young.

Ryan Chaw of Sacramento, CA joins us. A full-time pharmacist, he's age 29, on track to retire from real estate income by age 31.

Unusually, he invests in California single-family homes (SFHs). It's not an area known for cash flow.

He rents them to carefully-screened college students. He self-manages, but hasn't visited his properties in over a year.

In areas like Stockton, CA, he gets $3,000 rent from a $300K SFH.

Ryan uses his "PRIME" Method: Placement of ads, Review applicants' social media, Identify tenant type, Measure responsiveness, and Ensure proof of income.

He has 17 tenants in four SFHs.

Ryan gets money for down payments with his W-2 job. He also uses a HELOC to reset his leverage and create arbitrage.

He travels the world too. He won't delay all gratification.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/332

Ryan Chaw's free guide:

www.NewbieRealEstateInvesting.com

Mortgage Loans:

RidgeLendingGroup.com

New Construction Turnkey Property:

CashFlowAndGrowth.com

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

eQRP.co

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building "Don't Quit Your Daydream Letter":

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

...more
View all episodesView all episodes
Download on the App Store

Get Rich EducationBy Real Estate Investing with Keith Weinhold

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

596 ratings


More shows like Get Rich Education

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,749 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

702 Listeners

Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

Creating Wealth Real Estate Investing with Jason Hartman

536 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

993 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

834 Listeners

Wealth Formula Podcast by Buck Joffrey

Wealth Formula Podcast

402 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

960 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,399 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

406 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

426 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

516 Listeners

Real Estate News: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Estate News: Real Estate Investing Podcast

559 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

723 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

319 Listeners

On The Market by BiggerPockets

On The Market

901 Listeners