Business
I had the pleasure of speaking with the pharmacist, real estate investor, and founder of Newbierealestateinvesting.com, Ryan Chaw. Ryan owns four single-family homes and has 18 tenants, who make $10,755 gross-rent per month. He plans on retiring by the age of 31. He helps newbie real-estate investors learn how to start with a single-family home so that you can build passive income and achieve financial freedom. Let’s jump into Ryan’s story, where we learn to go through our first real-estate deal. There is A LOT to know about CREATING a PROFITABLE real estate investment. Things you will learn in this episode: [00:01: 04:32] Opening Segment I welcome our guest, Ryan Chaw, to the show Ryan talk about his background and how he got into real-estate How he acquired his first property [04:33 - 09:52] How to Market for High-Quality Tenants Ryan talks about the investment criteria that you need to consider when you’re looking for these single-family homes Ryan shares an exciting story about his process of learning real-estate investing Mistakes made during his learning process Ryan offers valuable advice on the things you need to avoid when you buy a property. [09:53 - 15:50] How to Screen and Manage Tenants Do you have a plan to retire at a young age with a six-figure passive income? Let’s listen to Ryan’s point of view Ryan advises on how to screen and manage tenants [15:51 - 21:54] Learn the Right Strategy and Scale It Ryan talks about seasonal challenges for property owners to find tenants Ryan shares the resources he is using in educating himself more about real estate investment Ryan sheds some light on first focusing on investing in real-estate within your state and scaling it rather than planning to invest in another estate [21:55 - 26:44] Call To Action What is a pain-point or weakness you face right now in your business? “I want to get into more systems-based.” What is your favorite book to regift? Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate by Gary Keller If you were to live abroad for a year, where would you live and why? Japan: I love the food, and it’s a great place to meditate Visit Elite Podcast Bookings the #1 Real Estate Podcast Booking service, and get 25% off the new Economy Plan. Final words from your host Tweetable Quotes: “Even as a new investor, you don't have to be doing so many deals; you can just focus on getting started in single-family investing.” -Ryan Chaw. Resources mentioned in the episode: David Greene Rich dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate by Gary Keller Podcast Questionaire Visit Elite Podcast Bookings, the #1 Real Estate Podcast Booking service, and get 25% off with our new Economy Plan. You can connect with Ryan on LinkedIn, Instagram, Facebook or visit his website https://www.newbierealestateinvesting.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. To know more about me and all the real estate opportunities you can find, check out my website at MatthewBaltzell.com. Book a free 15-minute call with me. Click here!