Choosing Real Estate Development Over Resale
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 19 March 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | I was going to college during the recession, right? |
| 0:03.4 | Right. |
| 0:04.4 | And I just remember like, even then, I mean, we're broke college kids. |
| 0:08.2 | I was actually playing online poker in college. |
| 0:10.8 | Where do you? |
| 0:11.8 | Dude, I've always been a hustler. |
| 0:14.0 | So I remember, you know, we'd have to get our own housing. |
| 0:20.0 | The school didn't pay for it. |
| 0:21.0 | And, you know, I think we spent like 2,000 a month |
| 0:25.1 | for a like 2.5 bedroom, I'd call it, |
| 0:28.5 | because like one bedroom was like a freaking closet, |
| 0:30.8 | that thing. |
| 0:31.8 | But yeah, it was like 2,000 a month and five of us were living |
| 0:34.0 | there because it's just like it even then in 2009 it was just like do this is |
| 0:40.8 | crazy expensive for college kids and like I don't I don't want to know what the house |
| 0:45.1 | probably it probably rents for four or five grand a day or a month for sure it does yeah for sure |
| 0:50.7 | yeah yeah it's wild man is that supply? That's the supply issue. Yeah, but I'm with you and like you know even if you think about the valley |
| 0:59.2 | It's like there's no land. It's done done. So that will always be. |
| 1:04.0 | That's one actually, even that point right there is actually one of like the selling points of investing |
| 1:09.0 | in California. |
| 1:10.0 | The barrier to entry is so high because what you're building on is very limited. |
| 1:15.8 | Yeah, right? |
... |
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