Podcasts Business Your Financial Pharmacist YFP Real Estate Investing 49: Scaling Big from a Single Family House with the Flying Investor

YFP Real Estate Investing 49: Scaling Big from a Single Family House with the Flying Investor

Published: March 19, 2022, 9 a.m.

Drew Wiard, The Flying Investor, discusses his prolific success in real estate investing, scaling from single family homes to multi-million dollar syndication deals.

Key Points From This Episode

  • Jumping in with Drew Wiard's background and real estate career.
  • He shares the 'why' behind his prolific success.
  • The stepping stones that took him from one house to multifamily syndicated deals.
  • The focus of his first few years and the type of unit that became his bread and butter.\xa0
  • What drew him to commercial property and what got easier (and more difficult).\xa0
  • Pushing back on the fear that real estate will eclipse everything in your life.\xa0
  • The differences between being a real estate operator or an investor.
  • Specific areas that Drew found success in as a more passive investor.
  • The importance of reaching out to your local REIA.
  • Why making mistakes is good; you can adapt in real estate in ways you can't in pharmacy.
  • Syndication and Drew\u2019s approach to this kind of collaboration.
  • Hear about the 163 unit project he just finished in Phoenix.
  • Drew shares how he got started with acquiring bigger funding and what to avoid.
  • How Drew deals with risk management at scale.
  • How buying more houses mitigates risk rather than increasing it.\xa0
  • Why playing 'feel' estate is a recipe for disaster.\xa0
  • Drew explains his persona: The Flying Investor.
  • His top strategy to make investing work hand-in-hand with being a pharmacist and family man.
  • Daily journaling, habit-tracking, and his top advice if you're just starting out.

Links Mentioned on Today\u2019s Episode