Rx Investor Podcast

Here’s another special, kid-friendly episode for everyone! Our very own Claude Condo is joined by his fantastic co-host, Isaac. He’s nine years old and loves to explore and discover new things! Isaac shares what he would like to be when he grows up and plans to do when he becomes a CEO! He also mentions three things that he will do with his money. Relax, take a break, enjoy the show and view success through the eyes of a child!

Key Points from This Episode:

• What Isaac loves to do and why.
• What “exploring” means for Isaac.
• What Isaac would like to become someday.
• Two things Isaac plans to do when he becomes successful.
• Isaac’s advice to grown-ups and kids.

Tweetable:

“Instead of thinking about what’s it gonna look like, I think about what’s inside it.” [00:00:59]

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Today is a very special episode! Get to meet our youngest investor, Ella Condo, and find out what this amazing 6-year-old girl plans to do with her money when she becomes successful!

Key Points from This Episode:

• What Ella likes to do every day.
• What she would like to become.
• What Ella would do with her money when she becomes successful.
• What is Ella’s advice to kids like her?

Tweetable:

“Always be good and follow the Ten Commandments.” [00:03:50]

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Claude Condo on LinkedIn

Jeff Stark on LinkedIn

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Today our guest, Kevin Amolsch, shares his real estate journey as an investor and private money lender. He learned early on how to buy properties with owner-type financing. He became successful by making phone calls to motivated sellers, people in foreclosure, or landlords going through evictions. He developed a structure to help these people solve their payment problems and profit from it. And what started as just a desire to make money became a passion to help and support charities and kids.

Also, in this episode, you’ll learn the strengths and weaknesses of investing in residential and commercial real estate, syndications, and private funds. But the best way to choose where to invest your hard-earned money is to know which offer fits your risk tolerance, personality and investment criteria. Listen now and enjoy the show!

Key Points from This Episode:

• A brief background on Kevin and how his journey in real estate started.
• The problems Kevin encountered with his very first tenant.
• Kevin’s transition from residential to commercial real estate.
• The pros and cons of investing in syndications.
• What is the role of SEC?
• The difference between accredited and non-accredited investors.
• How to qualify as an accredited investor.
• What is the average minimum investment in a public fund?
• The strengths and weaknesses of investing in residential and commercial real estate.
• Kevin’s thoughts and predictions on the residential and commercial real estate market and his advice for new investors.

Tweetables:
“It’s your ‘why.’ Why are you listening to this podcast? Why are you interested in investing in real estate? It’s got to be bigger than you.”  [00:08:58]

“If failure is part of it, you have to trip up, you have to make mistakes or you’re not going to be successful.” [00:09:47]

“I think investing in Main Street over Wall Street is going to produce far better results.” [00:36:22]

Links Mentioned:
Kevin Amolsch on LinkedIn
Kevin Amolsch on Facebook
Pine Financial Group website
45-Day Investor (book)

About Kevin Amolsch
Kevin Amolsch is a successful real estate investor and private money lender.  He earned his degree in Finance after serving four years in the US Army. After college, Kevin spent two years working with Wall Street as a Mortgage Bond Analyst before leaving to work in real estate financing for investors full time. He and his companies have closed on over 2,400 transactions as a buyer, seller or private money lender. He has spent 2 decades as a real estate investor and 16 years in real estate lending. He is the author of The 45-Day Investor, a frequent speaker, and has been quoted in The Las Vegas Review Journal, The Denver Post, Yahoo Real Estate, Denver Business Journal, and Forbes.

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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How we feel impacts how we show up in our businesses and families. So today, we sit down with Ryan Kennedy, a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist, to learn simple and natural strategies that will change our mindset about health and help us establish routines to improve our performance. 

Lack of time is the number one excuse people use, especially “busy” professionals, to justify their unhealthy lifestyle. But we must all realize that our health and wellness are more important than money and business. Now is the time to act! Listen now to learn the best way to start your journey to amazing health! 

Key Points from This Episode:

• How to optimize sleep and the benefits of complete and quality sleep.
• Simple stress management strategies to start on.
• Time-efficient ways to integrate health improvement practices into your busy schedule.
• Natural ways to deal with chronic diseases.
• Proper eating habits and the best way to harness the benefits of fasting.
• Two basic health principles for men and women.
• Natural and holistic ways to boost testosterone.
• Causes and remedies for behavioral disabilities in kids.

Tweetables:

“Sleep is sacred.” [00:09:49]

“Stress is a killer.” [00:10:49]

“Good sleep starts in the morning.” [00:15:52]

“Humans are suffering right now because we’ve been so domesticated, we’ve been so removed from the natural environment that enables us to thrive.” [00:17:55]

“Our health and our wellness are more important than money and business at the end of the day.” [00:38:03]

Links Mentioned:

The Ryan Kennedy Show (podcast)

Ryan Kennedy Health website

Ryan Kennedy on Instagram

Ryan Kennedy on YouTube

Giveaway from Ryan Kennedy!

The Gap and the Gain (book)

The Drive podcast

About Ryan Kennedy

Ryan Kennedy is a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He works with entrepreneurs and busy professionals utilizing efficient & targeted approaches to maximize their performance, longevity, and quality of life. 

Ryan has dedicated his life to helping people become the healthy, happy, empowered versions of themselves through lifestyle adjustments. One of his greatest joys is to work with people who have struggled with their health for years, to give them the exact steps and coaching they need, and see them transform for good.

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Claude Condo on LinkedIn

Jeff Stark on LinkedIn

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Steven Nguyen graduated from pharmacy school with a whopping $250,000 student loan. For four years he focused on trying to pay it off. He achieved his goal and invested in real estate after that. Now, Steven works as a hospital pharmacy director but he also earns passive income through commercial real estate.  But, if he were to go back and do it again, knowing what he knows now, would he still focus on paying off his debt or start investing in real estate at once?

In this episode, you will also learn creative ways to finance your investment if you don’t have a huge capital on hand. So hit that play button now!

Key Points from This Episode:

• Why Steven chose to be a pharmacist and how he got into it.
• Get out of bad debt and learn how to use and manage good debt.
• How to pay off a $250,000 student loan in four years.
• What to do after you have paid off your student debt.
• Why is it better to invest in real estate before paying off your student debt?
• Learn house hacking tips.
• Learn how to transition from house hacking to commercial real estate.
• Learn how commercial real estate investing works.
• Why is commercial real estate better than single-family?
• Creative ways to finance your real estate investments.
• Three options for seller financing.
• Different financing tools and concepts in real estate.

Tweetables:

“Keep that student mentality, that poor college student mentality, keep your living expense low, and save the difference. From there, once you saved money and you get into the habit of saving money, you’ve got plenty of options. You can just pay off your student loans if you want to or you can save it for a down payment on a house and house hack the property.” [00:17:20]

“What’s beautiful about multifamily is creative financing.” [00:27:24]

“Everything takes practice. It took me three years to become a pharmacist and two, three years to feel comfortable as a pharmacist. Same thing as a director. Same thing in real estate. It just takes repetitions. But what’s very fortunate about real estate is you don’t have to reinvent the wheel.” [00:37:04]

Links Mentioned:

Link to Steven Nguyen's social media accounts

Giveaway! Sign up here for a chance to win the Making Multifamily Money course for free!

About Steven Nguyen

Born and raised in the Bay Area, CA, Steven graduated from pharmacy school in 2013. He has been a hospital pharmacy director for the past 5 years. He owns 90 units of real estate – two apartment complexes, a mobile home park, and five single-family homes – without any partners while working full time. Steven offers a course and mentorship called Making Multifamily Money which includes a direct mailing automation service and one-on-one coaching.

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Claude Condo on LinkedIn

Jeff Stark on LinkedIn

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Our guest, Tanh Truong believes that the most valuable commodity anyone possesses is time. That is why he transitioned from his career as a pharmacist into becoming a commercial real estate investor. Tanh learned about real estate as he was taking up his Doctorate in Pharmacy.

Tanh came from very humble beginnings. They were immigrants to the U.S. and growing up he faced difficult challenges in his studies from preschool to pharmacy school. What mindset, habits, and virtues shaped Tanh and helped him overcome adversity and become successful? Listen now to find out!

Key Points from This Episode:

• Tanh Truong’s humble beginnings.
• The challenges he faced in his schooling as an immigrant.
• Why his parents placed a high value on education. 
• How his parents afforded to send him to pharmacy school.
• How he became a full-time commercial real estate investor.
• Tanh Truong’s mindset and habits that helped him get out of a poor background to become a successful investor.
• How Tanh started acquiring small multifamily properties.
• How the residential assisted living model helped him to scale faster.
• How Covid affected his business plan. 
• Why he transitioned to commercial real estate.
• Tanh’s advice on how to reach $5 million.
• How Tanh finds good business partnerships.
• The habits and virtues that are the most impactful for him in his investing journey.
• How Tanh found his mentor by providing value.
• What does Tanh enjoy the most now and what are his goals for the future?

Tweetables:

“Learning is one thing but putting it into action is another.” [00:16:46]

“Your foundation has to be the strongest. You have to understand what you’re getting into. If you don’t understand what you’re investing in, you should not be investing in it.” [00:24:34]

“Integrity and transparency are, probably, two of the biggest characteristics that you can have, two of the strongest when it comes to operating a business.” [00:32:45]

Links Mentioned:

Proton Profits website

Tanh Truong on LinkedIn

Tanh Truong on Facebook

Tanh Truong on Instagram

Investor’s Podcast Network

Tony Robbins Podcast

Ed Mylett Podcast

About Tanh Truong

Tanh Truong is a former pharmacist turned full-time commercial real estate investor. He is the founder of Proton Capital and now controls over a quarter million square feet of commercial space. A thoroughbred of Cincinnati, he invests in high-yielding assets and higher-yielding relationships. Aside from investing, Tanh is a connoisseur of finance with a macro focus, a foodie, and an aspiring author.

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Claude Condo on LinkedIn

Jeff Stark on LinkedIn

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Are you graduating from college with a huge amount of student loans? Listen to Frank Macia’s story of how he got out of his student debt by being intentional, creating a plan, mitigating life’s expenses, and taking the first step toward his goal.

Because of his desire to achieve financial freedom, Frank explored other ways to earn more income. He discovered real estate and learned how to house hack and do short-term rentals. He experienced challenges along the way but he was able to get through them and learn valuable lessons. Listen now!

Key Points from This Episode:

• How Frank started as a pharmacist.
• Why he invested in real estate.
• His initial steps moving towards his vision and goal of financial freedom.
• How Frank's journey in real estate investing started.
• How he financed the lot he bought while still paying off his student loan.
• The setbacks of building a house from scratch and how Frank solved them.
• The advantages of getting a builder. 
• Frank’s advice to pharmacists who graduated from school with a huge loan? Which should they prioritize – paying off their student loan or saving for an investment?
• The benefits of investing in real estate for a pharmacist.
• Why does Frank love house hacking?
• The tax benefits of real estate investing.

Tweetable:
“If you want to accomplish anything in your life, whether it’s career or financial goals, then you have to have some type of planning. You have to have some type of intentionality.” [00:10:06]

Links Mentioned:
Email Frank Macias
Frank Macias on Facebook
Frank’s Listings
Building an Investment Property with Frank Macias, PharmD
The Real Estate Robinsons
Gordon Ramsay’s podcast
STR Unfiltered podcast
The Short-Term Show

About Frank Macias, PharmD
Frank Macias graduated from Mercer University in Atlanta, GA in 2017 and worked as a pediatric pharmacist for Children’s Healthcare of Atlanta for 1 year.  He moved back to Florida and worked full-time as a retail pharmacist and part-time at a pediatric hospital. Later on, he made the transition from retail to hospital. He worked as an evening staff pharmacist for about 4 years and transitioned to daytime. 

As of now, Frank has been doing short-term rentals for half of the duplex and his initial single-family home since April of 2022. He self-manages the properties as they are on-site. Frank handles all the guest communications, listing management, pricing, maintenance and reservations while his wife handles the coordination of the cleaners, final inspections, supply ordering, and payroll.

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Jeff Stark on LinkedIn

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Dr. Rachel Gainsbrugh’s mission is to build a luxury short-term rental portfolio with as many women, mothers, and entrepreneurs as possible. Her goal is to generate passive income so she can have more time to spend with her family and passion. She believes in the importance of aligning her investments with her goals. So, after looking at all the investment strategies, she knew that real estate was the best vehicle for her. 

Dr. Gainsbrugh wants to help women in healthcare learn how to invest because she wants to provide her fellow pharmacists with options so that they can have the confidence to say no to things they disagree with or don’t like to do. If you are seeking to invest in real estate or start your own business, take Dr. Gainsbrugh’s advice to surround yourself with like-minded people, learn, and seek help from the experts in your niche.

Key Points from This Episode:

• Dr. Gainsbrugh graduated with half a million dollars in student loans!
• Joining communities of like-minded people who are focused on paying off their debts helped her to get out of her loans.
• Having an accountability group would greatly help someone battling with debts.
• How did Dr. Gainsbrugh start to move towards investing in real estate and gaining passive income?
• What led her to invest in short-term rentals?
• It is crucial to align your goals with your investments.
• How to know if your goals and investments are in alignment.
• Learn to ask for help and lean on the information from experts in the specific niche you want to invest in.
• The lessons Dr. Gainsbrugh learned from her first deal that prepared her for the deals that came after it.
• Dr. Gainsbrugh touches on the regulations for HOAs.
• Dr. Gainsbrugh’s goal in 2023 for women in healthcare.

Tweetables:

“If your investment is not in alignment with what your goals are, that has to change in 2023. Rethink that in 2023. Alignment is so important.” [00:19:35]

“Just one investment that’s bringing in some income gives you a little bit of breathing room.” [00:28:18]

“When you surround yourself with investors who are all focused on accomplishing that goal of achieving passive income, that’s where all of the nuggets are gonna be found.” [00:31:48]

Links Mentioned:
Dr. Gainsbrugh’s website
Top 75 Cities for Short-Term Rentals in 2022
Who not How (book)

About Dr. Rachel Gainsbrugh
Born in Haiti, the poorest country in the Western Hemisphere, Dr. Rachel was driven to make a difference and not take her parents' sacrifices for granted. She graduated with a whopping $500,000 in student loan debt. She struggled, burned the candle at both ends, worked multiple extra hospital shifts to pay it off… until she discovered real estate and digital courses.

Fast forward to now, Dr. Rachel is a semi-retired pharmacist, Luxury AirBNB Real Estate Investor, Educator, Public Speaker, Podcast Host, Course Creator, Coach, and a mom to two boys 24/7! 

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Tim Rhode achieved financial freedom by age 40 and currently has 25 income streams! How did he do it? What helped him find his purpose and passion?

Tim re-invented himself, changed his mindset, and connected the data points in his life until he achieved his dream of having a business where he could mentor and serve people. Investing in real estate changed his direction and enabled him to find his purpose and live with joy and inspiration.

Key Points from This Episode:

• Being financially free, Tim enjoys life and look for opportunities to serve, fit in, and help his family and community.
• Changing mindsets from a clerk to RE investor.
• Taking all the necessary steps to learn about RE.
• How his first three RE transactions changed his direction in life.
• Discovering his new identity at 40.
• Know and connect the data points in your life to discover your gift and passion.
• How did Tim know about his gift of giving and serving others? What pushed him to do it?

Tweetables:
“You have a new identity sitting out in front of you. You just haven’t have the courage to tell your brain, ‘It is time!’” [00:15:34]

“The keyword is data points. You gotta get away from your life and just get out and get your heart rate elevated and start putting these data points together.”  [00:16:33]

“Get the courage to do the thing that you know you need to do and you know you don’t want to do it.” [00:44:46]

Links Mentioned:
The Quitter’s Manifesto (book)
Why Doctors Don’t Get Rich (book)
1Life Fully Lived website
GoBundance website
Follow Your Different podcast by Christopher Lockhead

About Tim Rhode
Tim would tell you that he got off to a slow start. After growing up in the rural town of Portola in Northern California and barely graduating high school, Tim Rhode found himself at the age of 25 working as a grocery clerk with two young children to provide for.

He eventually found his “niche” selling real estate; and from 1986 to 2000, he sold over 2,500 homes and from 1997 to 2006 he invested in over 100 properties. Tim focused on saving money, keeping his expenses low, and playing solid “financial defense” which allowed him to basically retire, and he was financially free at the age of 40. 

Not wanting to play hike, bike or ski all day, Tim threw his energy into his true passion: helping people thrive and live their most fulfilling life. He founded the nonprofit 1Life Fully Lived to help people of all ages gain the tools and skills they need to thrive and also co-founded GoBundance, a high-level mastermind, with David Osborn, Pat Hiban and Mike McCarthy to help healthy, wealthy, generous people lead epic lives. We have a women’s tribe now!

Tim has also authored and co-authored numerous books such as Tribe Of Millionaires and The Quitters Manifesto and has been featured on a variety of podcasts and media outlets.  He now lives near his children in the High Sierras with his wife and dog.

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The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Jeff Stark
Claude Condo
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Dr. Nathan Smith believes that if you want to get financially free early in life, you have to be fanatical. He was still a student in pharmacy school when his real estate investment journey began. By the age of 30, Dr. Smith was already financially free. How did he start and where did he get his capital? His secret sauce is to live minimally, so you can eventually live richly. Listen as Dr. Smith shares his real estate investing roadmap with us in this episode!

Where and how to get capital is one of the biggest challenges in real estate investment. So be all ears up to the end as Dr. Smith shares creative ways and strategies to finance acquisitions. He goes into detail about seller financing and how to approach property owners. Enjoy the show!

Key Points from This Episode:

• Dr. Smith’s background and why he chose PharmD over MD.
• Investing in real estate while studying pharmacy.
• How he educated himself about real estate investing.
• His first house hack.
• Why he focused on the student rental market.
• Why seller financing is a great strategy for Dr. Smith.
• How to make the first touch with a property owner.
• Ways to finance an acquisition.
• Why is he diverting his focus away from student housing now? 
• Failures and lessons in his real estate investing journey.
• How pharmacy helped him in his real estate investing. 
• Nate’s advice for risk-averse pharmacists and his roadmap to get you started in real estate investing.

Tweetables:

“If you will put up with what most people won’t put up with, you’ll have what most people won’t have.” [00:17:33]

“The way that you become financially independent, generally, is cash flow.” [00:19:03]

“As long as we’re disciplined in our personal lives, pharmacy provides us with such a great income. It bailed me out many, many times. I always made sure to live below my means.” [00:45:15]

Links Mentioned:

Dr. Nathan Smith on YouTube

Dr. Nathan Smith on Facebook

Dr. Nathan Smith on Instagram

The All-In Podcast

E192: Finding Triumph in Creative Financing with Nathan Smith

Episode 111 - Seller Financing: A Creative Tool For A Changing Market With Nathaniel Smith

About Dr. Nathan Smith

Nathan Smith is a real estate investor and an industry leader in creative financing and asset management. He owns over 200 doors, totaling approximately 24 million dollars in assets. Nathan has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation, and “Live in Eau Claire,” a property management company that managed over 1,000 units at the time of his exit. One of Nathan’s passions is teaching others about the power of investing in real estate.

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Jeff Stark on Link

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Claude Condo
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