POWC # 678 - College Rental Cash Flow | Ryan Chaw

Pillars Of Wealth Creation

English - April 08, 2024 08:00 - 47 minutes - 35.9 MB - ★★★★★ - 121 ratings
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Previous Episode: POWC # 677 - Top 4 Considerations When Buying Real Estate

Next Episode: POWC # 679 - What Are Your 3 Pillars of Wealth?

Ryan Chaw and Todd discuss the power of single-family student rentals in strong college markets. In this episode, they deep dive into what it takes to get started and what to look out for.

Books: Millionaire Real Estate Investor by Gary Keller & Traction by Gino Wickman

3 Pillars:
1.) Health
2.) Relationships
3.) Impact

Ryan purchased one single-family home a year and slowly built up a reputation at his local college for having high-quality student housing rental spaces. Because he rented by the room, there was double the rental income and a lot more cash flow compared to renting to a family by the whole house. By the age of 28, he became a millionaire and was earning multiple 6 figures in rental income on my student rentals. He teaches others his “room-hacking system”: figuring out neighborhoods with great cash flow, renovating to increase the maximum rentable space, finding high-quality tenants, and managing properties with unique systems. Ryan built a community of like-minded creative real estate investors who focus on getting one deal at a time.

Reach out to Ryan at www.newbierealestateinvesting.com/guide

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation
Interested in coaching? Schedule a call with Todd at www.coachwithdex.com
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