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.
\nHe 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.
\nQuestions from the podcast:
\n\u2022 How did you get in real estate?
\n\u2022 What's your strategy to build a 6 figure rental income portfolio?
\n\u2022 How do you find properties which work for your strategy?
\n\u2022 I looked into this myself but it seemed hard to pull it off because of dealing with students. How did you overcome that fear?
\n\u2022 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?
\n\u2022 What\u2019s the best advice you would give yourself if you could go back in time?
\n\u2022 Any tools or tips you want to share with someone starting to invest in real estate?
\n\u2022 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:
\nIf you want to invest out of state, check out these landlord & rental laws before picking city/state to invest in.
\nLearn about protecting assets and reduce taxes while investing in real estate by visiting Tax and Legal Library Mark Kohler.