Ryan Chaw and Todd discuss the power of single-family student rentals in strong college markets. In this episode, they deep dive into what it takes to get started and what to look out for.
Books: Millionaire Real Estate Investor by Gary Keller & Traction by Gino Wickman
3 Pillars:
- Health
- Relationships
- Impact
Ryan purchased one single-family home a year and slowly built up a reputation at his local college for having high-quality student housing rental spaces. Because he rented by the room, there was double the rental income and a lot more cash flow compared to renting to a family by the whole house. By the age of 28, he became a millionaire and was earning multiple 6 figures in rental income on my student rentals. He teaches others his “room-hacking system”: figuring out neighborhoods with great cash flow, renovating to increase the maximum rentable space, finding high-quality tenants, and managing properties with unique systems. Ryan built a community of like-minded creative real estate investors who focus on getting one deal at a time.
Reach out to Ryan at www.newbierealestateinvesting.com/guide
Interested in coaching? Schedule a call with Todd at www.coachwithdex.com
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