Strategies for Successfully Investing in College Towns

Inspired to become a real estate investor by his grandpa who had bought 3 properties in the Bay area in California, Ryan Chaw saw that his grandpa’s rental income covered all his expenses and allowed him to retire early. He was even able to use that rental income to help cover his grandchildren’s’ college tuition. Guest: Ryan Chaw, Real Estate Investor & Pharmacist Inspired to become a real estate investor by his grandpa who had bought 3 properties in the Bay area in California, Ryan Chaw saw that his grandpa’s rental income covered all his expenses and allowed him to retire early. He was even able to use that rental income to help cover his grandchildren’s’ college tuition. A graduate of Doctor of Pharmacy in 2015 at age 23. Ryan loves his job but knew he wanted to do something more in life, not wanting to become just “that pharmacist” who worked at his job until he retired at 65. Ryan bought his first property in 2016 a single-family home close to a college in Stockton. He rented out the home per bedroom to college students and renovated to add extra bedrooms to increase rental profit. He repeated the same process, buying a new property each year.  He then created a system for getting consistent high-quality tenants, self-managing the property and decreasing expenses through preventative maintenance. Knowing he had his pharmacy income Ryan has approached his investing focus on 15-year mortgages versus 30 and he now makes $10,755 per month in rental income and could retire by the age of 31. Ryan is now teaching others his system on how to find a college town to invest in, analyzing a deal, generating tenant leads through strong marketing tactics and how to self-manage college tenants so everything is hands-off and automated. You will learn about:– Benefits of investing in college towns– Best types of student tenants to look for and tenant empowerment– Maximizing the rooms in a property for rental– Establishing systems and hands-off management.– Lessons from mistakes made as a new investor– Tips and why is it important to have a preventative maintenance Get in touch with Ryan:Email: [email protected]: www.newbierealestateinvesting.com Thank You to Our Sponsors “Where Should I Invest” is brought to you in part through the sponsorship and support of the following; Dalia Barsoum of Streetwise Mortgages – click here for more details Jon TenBrinke of Black Jack Contracting Inc – click here for more details Dylan Suitor of Elevation Realty – click here for more details White Elm Design Build Inc – click here for more detailsThe post Strategies for Successfully Investing in College Towns first appeared on Sarah Larbi Developments.