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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI071: Willing Your Way Into Real Estate w/ Tyler Gerhold

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 24 May 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

On today’s show, Robert Leonard chats with Tyler Gerhold about his journey as an Aerospace Engineer to becoming a real estate investor. Tyler is just 23 years old and graduated from Penn State University in 2019 with a BS degree in Aerospace Engineering.  IN THIS EPISODE, YOU’LL LEARN: How money talks in the home are important and how it influences one’s attitude and personal finance decisions.  How to decide which strategy or asset class to focus on. What the best educational resources first-time investors can use before making their first deal.  What house hacking is and its best practices to implement. What the best time management strategies are to balance a full-time job, grad school, and a real estate business. How to manage the dynamic of paying off student loans versus investing. Whether to scale your real estate business or keep things small and manageable. How to approach real estate and better yourself during the pandemic. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Gay Hendricks’ Book The Big Leap. Brandon Turner’s book How to Invest In Real Estate. Jesse Itzler’s book Living with a SEAL. Neal Bawa’s real estate education platform MultifamilyU. Real estate education platform BiggerPockets. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram  Connect with Tyler: LinkedIn | Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP. On today's show, I chat with Tyler Gerhold about his journey as an aerospace

0:06.6

engineer to becoming a real estate investor. Tyler is just 23 years old and graduated from Penn

0:12.2

State University in 2019 with a BS degree in aerospace engineering. Tyler has actually been a listener

0:18.6

of the show for a while now, and he reached out to me to

0:22.3

ask if he could join as a guest to share his story.

0:25.9

Once I heard his story, I knew he'd be a great guest because his story is relatable.

0:31.2

Hearing from guests that have thousands of units is inspirational and can help provide guidance

0:35.4

on how to get you there, if that's your goal.

0:38.4

But I think it's potentially even more valuable to hear from everyday people having success

0:43.1

in real estate. I know for me, when I first got started, I was actually turned off from

0:48.6

some real estate people with thousands of units and I felt very motivated and excited when I

0:54.1

heard stories of people

0:55.1

just like me doing what I wanted to do. I hope you all find that to be the case with this

1:01.2

episode. So without further delay, let's dive into this week's episode with Tyler Garehold.

1:10.2

You're listening to Real Estate Investing by the Investors Podcast Network,

1:14.7

where your host, Robert Leonard, interview successful investors from various real estate investing niches

1:20.6

to help educate you on your real estate investing journey.

1:37.2

Thank you. Jenny. Hey, everyone. Welcome back to the Real Estate 101 podcast. As always, I'm your host,

1:42.2

Robert Leonard. And with me today, I bring in a guest who has been a big fan of the show for quite some time. So I'm humbled and honored to have him here. Tyler, welcome to the show. Thanks for having me, Robert. It's been a real pleasure being able to listen to your show over the past year. I started out listening to the Millennium Investing Podcast, and then I got hooked on this one. It's definitely been a journey, and I've definitely learned a lot from you and your podcast. But for those of your listeners that don't really know much about me, a 23-year-old grew up south of Pittsburgh, PA, and then I went on

2:06.2

to study aerospace engineering at Penn State University and State College PA. After I graduated,

2:13.6

I had multiple job offers all across the country. I settled in in an area in Dayton, Ohio. There's an Air Force Base here. I work as an aerospace engineer in the Air Force Base. One of the big driving factors in me moving out to the Dayton area was the income relative the cost of living here was one of the best that I've had amongst my job offers. And also, I have one of the coolest jobs, I think. So it was kind of a two-for-one

2:35.1

kind of deal. But after moving out here, I started grad school studying astronomical engineering,

...

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