407: Net Worth Of $1.6M - Capsules to Campuses: How One Pharmacist Flipped Careers

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8 • 872 Ratings

🗓️ 28 April 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Ryan shares his journey from being a pharmacist to achieving financial independence through real estate investing. He has a net worth of $1.7 million mostly in Real Estate. He discusses his unique strategy of renting properties by the bedroom, which significantly increased his cash flow. Ryan reflects on the challenges he faced with his first property, the importance of leveraging loans, and his plans for future growth in the real estate market. He also emphasizes the value of mentorship and teaching others about real estate investing, providing insights and advice for aspiring investors.

Takeaways

Ryan retired at 31 through real estate investing.
He bought one property a year, focusing on student rentals.
Renting by the bedroom significantly increased his cash flow.
Ryan learned from his mistakes, losing $30,000 on his first property.
He uses DSCR loans to finance properties without W-2 income.
Ryan aims to reach 100 doors in his portfolio.
He teaches others how to invest in student housing.
Choosing the right college markets is crucial for success.
Every year you wait to invest pushes back your timeline.
Ryan underwrites deals based on cash flow, not appreciation.

Transcript

Click on a timestamp to play from that location

0:00.0	The way I look at properties is a lot different than the way most real estate investors will
0:04.2	look at properties.
0:05.4	I look at properties specifically very close to the colleges, pretty large square footage.
0:10.7	There's plenty of those.
0:11.7	As long as it's 1,500 square foot or more, typically I can get to 5 or 6 bedrooms.
0:16.5	And I look for generally pretty good condition properties.
0:20.6	Welcome millionaires and future millionaires.
0:23.4	You're listening to the Millionaires Unveiled Podcast.
0:26.4	The show where you'll hear the stories and interviews of everyday millionaires
0:29.9	will unveil their decisions, their strategies, and their portfolio allocation.
0:35.6	Now to your host, Jace Matanson.
0:41.5	Welcome back to another set of the Minters and Vogue podcast. This is episode number 407. This is the podcast where we take a deep
0:48.5	dive into the journeys, secrets, and strategies of self-made millionaires. In each episode,
0:53.0	we sit down with regular people, turn millionaires,
0:55.2	to uncover the real stories behind their wealth building.
0:57.8	Whether you're looking for inspiration, practical advice,
1:00.2	or the untold lessons from those who've made it, you're in the right place.
1:03.6	Tune in and discover what it really takes to build lasting wealth and change your life.
1:07.5	Let's get started.
1:08.9	Awesome.
1:09.6	As always, if you'd like to be on the show, send us an
1:11.7	email, Millionaires Unveiled at gmail.com. We're always looking for new great guests who are willing
	...

Transcript will be available on the free plan in 25 days. Upgrade to see the full transcript now.

Previous episode

Disclaimer: The podcast and artwork embedded on this page are from Jace Mattinson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jace Mattinson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.