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Real Estate Investing with Coach Carson

#419: From 0 to 12 Rentals in 3 Years - A Navy Vet's Growth Story

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 16 June 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://coachcarson.com/rpm

 

🎙️ Episode #419 - Ryan Phan moved from a small town in Vietnam to the U.S., joined the Navy, and accidentally became a landlord. What started as a forced rental turned into a 12-property portfolio through creativity, grit, and zero excuses.

 

▶️ Next Episode: 

How to Build your Team — for Long Distance Real Estate Investors

https://podcasts.apple.com/us/podcast/337-buying-real-estate-long-distance-how-to-build-your-team/id1448707654?i=1000651050890

 

📄 Show Notes:

https://www.coachcarson.com/navyinvestor/


🎬 Timestamps:

  • (0:00) - How Ryan got into the navy
  • (2:43) - How Ryan got his first deals
  • (10:50) - When to deploy investing strategies
  • (13:57) - Ryan's homerun flip in SC
  • (16:07) - From the navy to full time real estate
  • (25:07) - Ryan's best deal finding methods
  • (32:36) - Ryan's best financing tool
  • (34:22) - Best advice from Ryan's journey
  • (42:30) - Build your long-distance investing team

 

🔗 Connect with Ryan: 

 

____________________________________________________________________

⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod

🖥️ Learn with Coach (Courses, Books & more):
https://www.CoachCarson.com

👋 Connect with Me:

💵 Need Investor-Friendly Financing?
This is who I trust → https://www.coachcarson.com/bryan

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT

Transcript

Click on a timestamp to play from that location

0:00.0

I'm trying to do birth. My very first house in 2022 was 110. We put $16,000 into it.

0:07.5

Very light rehab, just carpet and paint. I refinance that house out and they appraised it for 187.

0:13.5

With that appraised value, I was able to cash out almost everything and then use that to purchase the next one.

0:20.1

But the second one was not that good.

0:30.3

So Silicon Valley makes a ton of sense.

0:32.6

There's so many people who need that demand,

0:34.9

but you decided to go in the Navy instead.

0:37.3

I got to hear what was your

0:38.8

decision tree there? How did you decide to do that? After eight months at OU, right, I started seeing

0:44.1

people and meeting groups and stuff like that. And that's when I met my wife now, right? At the,

0:50.2

at the time, is my girlfriend. And in her family, they are migrant from Vietnam too.

0:57.6

And one of the uncle served in the Air Force.

1:01.1

And that family always have the most respect from everybody in the family.

1:07.2

Whenever they show up, it's like a superstar, you know.

1:10.1

And I was like, yeah, I want to do

1:12.4

that too. I think I can do it. And, you know, I want to make her proud. I want, I want to thank the

1:18.3

US for the opportunity for me to have the job, have the family. So that's when I start looking into

1:23.2

multiple services of the US, um, armed forces. And, and the Navy just struck out because of the thing that I told you at the U.S. armed forces.

1:32.3

And the Navy just struck out because of the thing that I told you at the beginning where in the advertisement they said you go join the Navy and see the world, right?

1:36.2

I always want to travel and see new stuff.

1:40.0

So the Navy stuck out.

1:41.9

And because of my background, they have to do a lot of like background check and stuff like that.

...

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