YFP Real Estate Investing 64: How One Pharmacist Bought 10 Rentals in His First Two Years

Tyler Dalton, PharmD, shares his real estate investing experience, how he purchased 10 houses in his first two years as a real estate investor, and how he continues to grow his portfolio toward the ultimate goal of replacing his pharmacy salary.

Key Points From This Episode

Tyler’s background: how he got into both pharmacy and real estate.  Why he chose real estate and his passion for it.  How our guest found success after his ambitious start in real estate.  Using hard money lenders and investing without putting up capital.  Tyler explains what a hard money lender is.  Why he chooses to buy ‘fixer-upper’ properties.  What Tyler learned in the process of flipping houses and what he would do differently now. The importance of comprehensive property analysis and vetting contractors.  Correlations between location and price point.  How our guest was able to manage so many properties while being a full-time pharmacist.  The type of work that needs to be done to successfully flip a house.  Discussing the time value of money.  How to approach with caution and recognize the warning signs of an untrustworthy contractor. Some tips on how to find the right contractors.  Why Tyler says that project number 10 was much more efficient than the previous nine.  Why he decided to switch to short-term rentals and a breakdown of the 1031 exchange.  How to boost your cash flow and multiply it by 10.  Insight into Tyler’s five-year plan.  Parting words of advice from our guest and a podcast that inspired him.   

Links Mentioned in Today’s Episode

Join the YFP Real Estate Investing Facebook Group BiggerPockets BiggerPockets Podcasts Follow Tyler Dalton on Instagram: @drtylerdalton YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures