Rx Investor Podcast: Recent Episodes
Claude Condo & Jeff Stark
On the Rx Investor Podcast we interview healthcare professionals and business owners who have inspiring wealth-building stories. Our goal is to lift the veil on the most effective strategies in entrepreneurship, business growth, real estate, and investing so that YOU can add new streams of income and grow your wealth exponentially. Join our podcast hosts, Claude Condo and Jeff Stark, as they interview prominent individuals and investors, have some laughs along the way, and help the audience achieve financial independence.
In this episode, Dr. Elaine Stageberg, a psychiatrist and mother of four, shares her inspiring journey to financial independence through real estate investing. From converting her primary home into a rental property to establishing Black Swan Real Estate, she now manages a third of a billion in assets. Driven by an investor-focused approach and a commitment to transparency, she emphasizes continuous learning, leadership development, and maintaining grace and humor. Join us as we delve into her remarkable story, highlighting the power of determination and the vast potential of real estate investment. Tune in to gain insights and inspiration for your own financial journey.
Links mentioned:
The Rate Guy
The Real Estate Espresso
meetblackswan.com
Dr. Elaine Stageberg’s Bio:
Elaine Stageberg, MD, MHA is a psychiatrist, mother of 4, & Owner of Black Swan Real Estate. She owns & manages a portfolio of over $300M in assets under management. Through real estate investing, she reached financial freedom in her 30s and now helps others to do the same; Black Swan has delivered exceptional returns to hundreds of passive investors through their unique investor-focused private equity funds which enjoy no sponsor fees whatsoever, 100% return of capital to investors before any splits, and long-term returns and tax advantages, all coupled with socially conscious investing and at least 5% of profits donated to charity. Connect with her at meetblackswan.com.
Tweetables:
“How can I learn from this pain and how can I structure my life such that I don't feel this pain anymore?” [00:08:48]
“So if you’re feeling pain, like ask yourself, what is this pain trying to teach me?” [00:10:39]
“You just show up and say, how can I get a foot closer to my, my ideal future vision every single day?” [00:14:50]
“Live today like no one will so that later you can live like no one can.” [00:20:04]
“But it’s really not that far if you just choose to have a little bit of short-term pain in exchange for the long-term pain.” [00:20;57]
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
In this episode, we sit down with Nick Stageberg, owner of Black Swan Real Estate, a thriving investment and property management firm. Nick shares his inspiring journey to financial independence in his 30s and his mission to help others achieve the same. With a portfolio of over a thousand doors and assets exceeding $300 million, Nick emphasizes the power of adding value to properties through renovations and attracting ideal tenants. Discover how Black Swan's investor-focused private equity funds have delivered exceptional returns while maintaining a commitment to social consciousness through charitable donations. Join us as Nick unveils the unique Vertical Integrated strategy, shares insights on tax advantages, and emphasizes the importance of trustworthy partnerships.
Learn how strategic real estate investing can pave the way to financial independence and success. Tune in now!
Links Mentioned:
meetblackswan.com
Nick Stageberg’s Bio:
Nick Stageberg is a career technologist, father to 4 children, and Owner of Black Swan Real Estate, a real estate investment and property management company. Along with his wife Elaine, Nick owns and manages a real estate portfolio of over 1,000 doors and more than $300M in assets under management. Through real estate investing, Nick reached financial freedom in his 30s and now helps others to do the same. Black Swan has delivered exceptional returns to hundreds of passive investors through their unique investor-focused private equity funds which enjoy no sponsor fees whatsoever, 100% return of capital to investors before any splits, and long-term returns and tax advantages, all coupled with socially conscious investing and at least 5% of profits donated to charity. Connect with Nick at meetblackswan.com.
Tweetables:
“I don't know why this is a revolutionary thought, but doing the right thing is actually the profitable thing to do.” (16:06)
“If this was just about making money, this would not be interesting to us. This is about so much more than money.” (42:12)
“If you take care of homeless people, the whole neighborhood does better. If you give homeless people a home, they're not homeless anymore.” (44:37)
“If you lead with principle, if you lead with your heart, it's very easy to serve people.” (48:28)
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
In this episode, Sergio Altomare shares his journey from working at the Federal Reserve to becoming a successful real estate investor. He started as a file clerk and developed a passion for IT and technology. He transitioned into real estate investing with a focus on self-storage due to its recession resilience. He emphasizes the importance of cash flow and net worth in property investments and discusses the significance of strategic decision-making and building strong relationships. He also highlights the importance of stress tolerance, mindful habits, and eliminating ego to scale his business. His long-term vision includes building an elite company and launching a charitable organization focused on education.
Links mentioned:BlinkistLinkedIn – Sergio Altomarehfirecapital.com
investwithsergio.com Sergio Altomare’s Bio:After transitioning into real estate as a side business in 2012, Sergio partnered with his wife Corinn to start Healthfire Holdings, a boutique real estate investment and property management company. In just eight short years, Hearthfire Holdings has built a portfolio of more than $50M in assets under management and syndicated over $12M in assets, returning more than $2M in profit and 25% IRR to investors. Property types have spanned in small multi-family, commercial, retail, and self-storage properties. Sergio has also flipped houses and rehabbed properties and multi-family developments.
Tweetables:
“I give 100% to every aspect of my life. And it starts with taking care of myself and my intentionality. My meditation, my faith, that goes into making sure that I am paying attention to what is most important.” (41:33)
“Money is not most important. Most important is our purpose. Our biggest purpose in our household is to share impact, whether it be for our team, whether it be for our investors, to help people be exposed to investing, to building wealth for the entire life” (42:01)
“We don't define wealth in terms of just net worth. It's about having a fulfilling, intentional life where you're able to have that purpose, follow your passions, be where you're at, where your heart is at.” (42:29)
“but it's really about understanding your passions and what drive you.” (46:34)
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Join us as we delve into the extraordinary life and career of Pasha Esfandiary in this captivating episode. Pasha's journey encompasses diverse experiences in real estate and entrepreneurship, including a lucrative stint as a professional poker player. With his sharp strategic thinking and calculated risks, he achieved financial success that surpassed even top executives. He made a pivotal decision to transition into the world of real estate, which he considered his ultimate end game. Throughout the episode, Pasha generously shares invaluable insights from his entrepreneurial journey, reflecting on the lessons he gleaned from poker and offering firsthand experiences navigating the dynamic real estate market.
Prepare to be inspired by Pasha Esfandiary's remarkable story of charting an unconventional path and pursuing passions beyond the confines of convention. Don't miss out on this episode, where you'll gain exclusive insights from Pasha, a real estate flipper, investor, professional poker player, and the visionary founder of the Evoke Capital Fund.
Links mentioned in today's episode:Evoke Capital
Road to 100
About Pasha Esfandiary
Pasha Esfandiary started his real estate career in 2011, flipping auctioned homes. With over $250 million in transactions, he has worked on various property types, including residential homes, boutique motels, and large multifamily properties. In 2021, Pasha founded Evoke Capital to help others achieve financial freedom through real estate. With a focus on community development, Evoke Capital aims to provide more than just housing, fostering educational resources and empowering residents to thrive. Pasha's commitment to growth ensures that Evoke Capital is just beginning its real estate journey.
Tweetables:
“I get super like crystal freaking clear of my vision and who I want to be in my vision and I emotionally attach myself to that vision.” (15:06:0662)
“Would I rather listen to my limiting belief or would I rather live in my vision?” (17:56:642)
“Whatever you think about, you become.” (19:10:826)
“And when there’s good communication and trust there, you can weather the storm.” ((33:43:922)
“If I could teach any child the power of I can go accomplish this, just that one thought alone can change the trajectory of somebody’s life tremendously.” (46:56:618)
“Environment is stronger than willpower until willpower is stronger than the environment.” (48:21:678)
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Welcome to our podcast featuring special guest Jessica Smith Dos Santos, a life coach who will challenge you to think differently about the choices you make in your life.
In this episode, Jessica discusses the idea of making decisions and the importance of being willing to embrace discomfort in order to achieve your goals. She poses thought-provoking questions such as, "What are the things in your life that you are sick and tired of?" and "How willing are you to be uncomfortable?" Jessica encourages listeners to reflect on their own lives and to consider whether they are truly ready to let go of old patterns and habits that no longer serve them.
Through her own personal experiences, 17 years of nursing, and insights gained from working with clients, Jessica highlights the fact that deciding to make a change means giving death to all other options. She reminds us that life is not going to get easier or more comfortable, and that we must be emotionally prepared to cope with the discomfort that comes with growth and change. Ultimately, she challenges us to ask ourselves, "Am I willing to be uncomfortable in order to create a new and better story for my life?"
Tune in to this inspiring conversation to gain new perspectives and motivation to make the changes you want in your life.
Links from today's episode:
Jessica's Facebook
Dr. Anderson Conscience Leadership Forum
About Jessica Smith Dos Santos:
Jessica Smith Dos Santos is a high-level business mentor who helps health coaches to successfully grow and scale their coaching businesses. Unlike traditional coaching programs that teach only the basics and leave you to build your business on your own, Jessica's 1:1 apprenticeship model teaches you how to grow and scale your business while maximizing income and impact from the very beginning.
The focus of Jessica's coaching is on empowering clients in their physical, mental, and financial health by breaking the chains of poor lifestyle habits through habit retraining. Her ultimate goal is to help her clients learn the skills needed to love the lives they live.
Jessica's background is in nursing, and after 17 years of frustration with serving people within the confines of a healthcare system that only reacts to illness, she decided to retire from her nursing career. Her experience has taught her that merely helping people to live with disease is not her calling, and that she wants to make a bigger impact on people's lives.
If you're looking to take your health coaching business to the next level and maximize your impact and income, Jessica Smith Dos Santos is a mentor who can help you achieve your goals.
Tweetables:
To decide means to give death to all other options.
How will are you to uncomfortable?
What is one thing in your life you are sick and tired of?
I am no longer willing for this to be my life story.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Welcome to this episode of our podcast! Today, we have a special guest, Kalya Smith, a graduate student who will share her perspective on collecting skills and preparing for uncertainty.
In a rapidly changing world, it's essential to equip ourselves with skills that will help us navigate uncertain times. Kalya has been collecting skills throughout her academic journey, and she'll discuss how she's been able to apply these skills in various aspects of her life.
Kalya will also share her thoughts on how she's been preparing for uncertainty, not just in her career but also in her personal life. She'll offer practical tips and insights on how you can start building your skillset and preparing for whatever the future holds.
So sit back, relax, and tune in to this exciting episode as we hear from Kalya Smith and gain valuable insights on collecting skills and preparing for uncertainty.
WATCH EPISODE HERE
Tweetables:“It takes a lifetime to build your name but a minute to destroy it.” [00:24:01]
“You do have to protect your reputation and ensure you're doing right by everybody as much as you can even if it means passing on deals to do so.” [00:24:12]
“Abundant caution is the rule of the day.” [00:31:00]
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Being able to pivot in the real estate investing business is a valuable key to success. Our guest, Yoav Gilad, did that as he transitioned from flipper to lender. It hasn’t been an easy journey for him. He faced many challenges and made mistakes along the way that might have cost him much, but the lessons learned are valuable to him and everyone who hears and learns from his story.
Key Points from This Episode:
- How did Yoav and his wife learn about house hacking and what were their initial steps?
- What did they gain from enrolling in a $40,000 real estate course?
- What challenges did they encounter in remotely buying houses through county tax auctions?
- How did he discover lending? What path led him from being a flipper to a lender?
- Did they have to get another training to start their lending business? What was their first step?
- How long have they been in the private lending business and how did they scale from their first deal to becoming full-time lenders in 44 states?
- As private lenders, who do they like to partner with? Do they prefer a specific niche to help finance?
- What are the kind of deals that they don’t like to fund?
- The story of a deal that went wrong.
- Given the current market trend and rising interest rates, what are his insights and advice as a private lender to other investors?
Tweetables:
“It takes a lifetime to build your name but a minute to destroy it.” [00:24:01]
“You do have to protect your reputation and ensure you're doing right by everybody as much as you can even if it means passing on deals to do so.” [00:24:12]
“Abundant caution is the rule of the day.” [00:31:00]
Links Mentioned:
Green Block website
Yoav Gilad on LinkedIn
About Yoav Gilad
Yoav began investing in real estate in 2007, just in time for his first rental purchase to lose half its value. Fortunately, he hadn’t quit his day job just yet. After the recovery, Yoav and his wife and partner, Marcia, flipped houses, wrote land-contract deals, and BRRR’d other homes. When someone coincidentally approached the Gilads for a loan, they incorporated Green Block and wrote their first loan. They are now full-time private lenders in 44 states, with investors across the country. Additionally, they have participated in multiple syndications and were key partners in their first deal, a 98-unit, last year. Yes, the rate is locked (at 4.25%) and the property is performing well.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today, we sit with someone who has made it big in the multifamily industry, Andrew Cushman. We pick his brain on how to successfully invest in real estate even in the midst of rising interest rates and a lot of uncertainties in the market.
Learn how to vet a sponsor, get genuine referrals, and know when to do a deal. You’ll get tons of value and investing strategies in this episode so be sure to tune in!
Key Points from This Episode:
- Andrew’s background as a chemical engineer.
- Andrew’s transition from leaving his job into full-time house flipping.
- Andrew’s transition from house flipping into apartment units.
- Andrew explains what a real estate syndication, limited partner, and general partner are.
- How to vet a sponsor and get a genuine referral.
- The value of detailed, complete and transparent communication with investors.
- A good strategy for syndicators to know when to do a deal.
- Andrew explains the big difference in the multifamily space from when the financial crisis hit in 2008 to the recession and financial crisis happening now.
- What opportunities does Andrew see in the multifamily market in the midst of rising interest rates?
- Andrew’s advice for people who are unsure if it’s a good time to invest because of the uncertainties in the market.
- Andrew shares the lessons he learned from past mistakes as an investor.
Tweetables:
“You are investing more in that sponsor than you are in any particular deal.” [00:10:04]
“You cannot time the market, you have to buy the right assets in the right place and structure them properly. And then make sure that you have plenty of flexibility on the exit.” [00:22:13]
“It's not, ‘Don't invest,’ it's ‘Change the strategy’ to fit the market that we're in so that you can still make successful investments.” [00:33:02]
Links Mentioned:
Andrew Cushman on LinkedIn
Vantage Point Acquisitions (VPACQ) website
The Hands-Off Investor by Brian Burke
Macro Voices Podcast
Derivative Logic website
Globe Street Bisnow
About Andrew Cushman
Andrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007, Andrew left his corporate position to start a business in real estate investment, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,600 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today, we sit with Jason Hartman. He is the CEO of Empowered Investor and Real Estate Tools. Jason has developed many investing strategies, and in today’s episode, he’ll dive into one that will help you understand the real estate game in today’s market and inflationary environment.
Our conversation zeroes in on his “Inflation-Induced Debt Destruction” strategy, which teaches how borrowers can benefit from inflation. Jason also discusses the three different types of markets, which market to avoid and which to invest in. Enjoy the show!
Key Points from This Episode:
- Timing the market is difficult and usually doesn’t work.
- The real estate game is not really about capital appreciation.
- Real wealth is created by understanding the math of the market and holding the assets for the long term.
- Understanding the three major types of markets: linear, cyclical, and hybrid
- How to identify if the market is linear, cyclical or hybrid.
- Why must investors avoid cyclical markets and invest in linear ones?
- Two value drivers for any asset: scarcity and utility
- Understanding Inflation-Induced Debt Destruction (IIDD).
- How to use inflation to redistribute wealth.
- How can borrowers benefit from inflation?
- Are there still risks in investing even in linear markets and using the IIDD strategy?
Tweetables:
“Timing the market is kind of a fool's errand in any asset class. People that try to time the market in precious metals, stocks, bonds, cryptocurrency, real estate —it never really works. What works is being in the market and being in the game.” [00:03:08]
“The real wealthy people are value-oriented investors who buy and hold assets over the long term.” [00:05:27]
“Inflation destroys the value of savings, stocks, bonds, and even equity in real estate. But thankfully, it destroys the value of debt.” [00:17:16]
Links Mentioned:
JasonHartman.com
1984 by George Orwell
About Jason Hartman
Jason Hartman® is the CEO of Empowered Investor and Real Estate Tools. Starting with very little, Jason, while still in college at 19, embarked on a career in real estate while brokering properties for clients. He was investing in his portfolio along the way.
Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years, he developed his Complete Solution for Real Estate Investors™, where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought-after educational events, speaking engagements, and ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands in 164 countries worldwide.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
In today’s episode, we give you an update on the state of the market and our takeaways on the commercial real estate mastermind we have just been to. Being surrounded by a community of people with the same passion is a great way to reset and get back to a healthy baseline, network with people and build new friendships with which you could do business. That’s why we encourage you to become part of a mastermind group that you can learn from and that will hold you accountable to go farther in your business or investment.
Our conversation also zeroes in on the state of the real estate market. We have witnessed how the market has changed drastically over the last six months. Interest rates continue to rise and the banks are becoming stricter and picky about the deals they want to finance. However, it is still a good time to invest. We’ll explain that further in this episode and also talk about different investing strategies on how to take advantage of the current market, so be sure to join us!
Key Points from This Episode:
- Most investors stay on the sidelines because of high interest rates and uncertainties in the real estate market. However, the right time to invest is now.
- How can investors strategize and take advantage of the market?
- The importance and benefits of joining masterminds and participating in a community.
- Claude’s insights on the state of the market for real estate and other businesses.
- What’s the possibility of getting higher returns because of the changes taking place in the marketplace?
- Claude’s vision on what will continue to happen in the market for the next six months.
- What to prepare for and expect for investors with bridge loans.
- What opportunities are available for people with money who want to grow it differently?
Tweetables:
“It's not just buying deals, deals and deals; it's actually studying the market.” —Claude Condo [00:03:45]
“You've got to get around other people and expose yourself to ideas that are coming from other people's brains. That is where the magic happens. That is where you learn and that is where you grow.” —Jeff Stark [00:09:47]
“It's always about seasons. There's a season to sow, there’s a season to reap. So, I think this is the season to sow and work strategies.” —Claude Condo [00:11:41]
“There's the possibility for getting higher returns because of the change in the marketplace. They're slightly better than they have been over the past few quarters, maybe a few years even.” —Jeff Stark [00:14:46]
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Here’s another special, kid-friendly episode for everyone! Our very own Claude Condo is joined by his fantastic co-host, Isaac. He’s nine years old and loves to explore and discover new things! Isaac shares what he would like to be when he grows up and plans to do when he becomes a CEO! He also mentions three things that he will do with his money. Relax, take a break, enjoy the show and view success through the eyes of a child!
Key Points from This Episode:
- What Isaac loves to do and why.
- What “exploring” means for Isaac.
- What Isaac would like to become someday.
- Two things Isaac plans to do when he becomes successful.
- Isaac’s advice to grown-ups and kids.
Tweetable:
“Instead of thinking about what’s it gonna look like, I think about what’s inside it.” [00:00:59]
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today is a very special episode! Get to meet our youngest investor, Ella Condo, and find out what this amazing 6-year-old girl plans to do with her money when she becomes successful!
Key Points from This Episode:
- What Ella likes to do every day.
- What she would like to become.
- What Ella would do with her money when she becomes successful.
- What is Ella’s advice to kids like her?
Tweetable:
“Always be good and follow the Ten Commandments.” [00:03:50]
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today our guest, Kevin Amolsch, shares his real estate journey as an investor and private money lender. He learned early on how to buy properties with owner-type financing. He became successful by making phone calls to motivated sellers, people in foreclosure, or landlords going through evictions. He developed a structure to help these people solve their payment problems and profit from it. And what started as just a desire to make money became a passion to help and support charities and kids.
Also, in this episode, you’ll learn the strengths and weaknesses of investing in residential and commercial real estate, syndications, and private funds. But the best way to choose where to invest your hard-earned money is to know which offer fits your risk tolerance, personality and investment criteria. Listen now and enjoy the show!
Key Points from This Episode:
- A brief background on Kevin and how his journey in real estate started.
- The problems Kevin encountered with his very first tenant.
- Kevin’s transition from residential to commercial real estate.
- The pros and cons of investing in syndications.
- What is the role of SEC?
- The difference between accredited and non-accredited investors.
- How to qualify as an accredited investor.
- What is the average minimum investment in a public fund?
- The strengths and weaknesses of investing in residential and commercial real estate.
- Kevin’s thoughts and predictions on the residential and commercial real estate market and his advice for new investors.
Tweetables:“It’s your ‘why.’ Why are you listening to this podcast? Why are you interested in investing in real estate? It’s got to be bigger than you.” [00:08:58]
“If failure is part of it, you have to trip up, you have to make mistakes or you’re not going to be successful.” [00:09:47]
“I think investing in Main Street over Wall Street is going to produce far better results.” [00:36:22]
Links Mentioned:Kevin Amolsch on LinkedIn
Kevin Amolsch on Facebook
Pine Financial Group website
45-Day Investor (book)
About Kevin AmolschKevin Amolsch is a successful real estate investor and private money lender. He earned his degree in Finance after serving four years in the US Army. After college, Kevin spent two years working with Wall Street as a Mortgage Bond Analyst before leaving to work in real estate financing for investors full time. He and his companies have closed on over 2,400 transactions as a buyer, seller or private money lender. He has spent 2 decades as a real estate investor and 16 years in real estate lending. He is the author of The 45-Day Investor, a frequent speaker, and has been quoted in The Las Vegas Review Journal, The Denver Post, Yahoo Real Estate, Denver Business Journal, and Forbes.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
How we feel impacts how we show up in our businesses and families. So today, we sit down with Ryan Kennedy, a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist, to learn simple and natural strategies that will change our mindset about health and help us establish routines to improve our performance.
Lack of time is the number one excuse people use, especially “busy” professionals, to justify their unhealthy lifestyle. But we must all realize that our health and wellness are more important than money and business. Now is the time to act! Listen now to learn the best way to start your journey to amazing health!
Key Points from This Episode:
- How to optimize sleep and the benefits of complete and quality sleep.
- Simple stress management strategies to start on.
- Time-efficient ways to integrate health improvement practices into your busy schedule.
- Natural ways to deal with chronic diseases.
- Proper eating habits and the best way to harness the benefits of fasting.
- Two basic health principles for men and women.
- Natural and holistic ways to boost testosterone.
- Causes and remedies for behavioral disabilities in kids.
Tweetables:
“Sleep is sacred.” [00:09:49]
“Stress is a killer.” [00:10:49]
“Good sleep starts in the morning.” [00:15:52]
“Humans are suffering right now because we’ve been so domesticated, we’ve been so removed from the natural environment that enables us to thrive.” [00:17:55]
“Our health and our wellness are more important than money and business at the end of the day.” [00:38:03]
Links Mentioned:
The Ryan Kennedy Show (podcast)
Ryan Kennedy Health website
Ryan Kennedy on Instagram
Ryan Kennedy on YouTube
Giveaway from Ryan Kennedy!
The Gap and the Gain (book)
The Drive podcast
About Ryan Kennedy
Ryan Kennedy is a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He works with entrepreneurs and busy professionals utilizing efficient & targeted approaches to maximize their performance, longevity, and quality of life.
Ryan has dedicated his life to helping people become the healthy, happy, empowered versions of themselves through lifestyle adjustments. One of his greatest joys is to work with people who have struggled with their health for years, to give them the exact steps and coaching they need, and see them transform for good.
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Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Steven Nguyen graduated from pharmacy school with a whopping $250,000 student loan. For four years he focused on trying to pay it off. He achieved his goal and invested in real estate after that. Now, Steven works as a hospital pharmacy director but he also earns passive income through commercial real estate. But, if he were to go back and do it again, knowing what he knows now, would he still focus on paying off his debt or start investing in real estate at once?
In this episode, you will also learn creative ways to finance your investment if you don’t have a huge capital on hand. So hit that play button now!
Key Points from This Episode:
- Why Steven chose to be a pharmacist and how he got into it.
- Get out of bad debt and learn how to use and manage good debt.
- How to pay off a $250,000 student loan in four years.
- What to do after you have paid off your student debt.
- Why is it better to invest in real estate before paying off your student debt?
- Learn house hacking tips.
- Learn how to transition from house hacking to commercial real estate.
- Learn how commercial real estate investing works.
- Why is commercial real estate better than single-family?
- Creative ways to finance your real estate investments.
- Three options for seller financing.
- Different financing tools and concepts in real estate.
Tweetables:
“Keep that student mentality, that poor college student mentality, keep your living expense low, and save the difference. From there, once you saved money and you get into the habit of saving money, you’ve got plenty of options. You can just pay off your student loans if you want to or you can save it for a down payment on a house and house hack the property.” [00:17:20]
“What’s beautiful about multifamily is creative financing.” [00:27:24]
“Everything takes practice. It took me three years to become a pharmacist and two, three years to feel comfortable as a pharmacist. Same thing as a director. Same thing in real estate. It just takes repetitions. But what’s very fortunate about real estate is you don’t have to reinvent the wheel.” [00:37:04]
Links Mentioned:
Link to Steven Nguyen's social media accounts
Giveaway! Sign up here for a chance to win the Making Multifamily Money course for free!
About Steven Nguyen
Born and raised in the Bay Area, CA, Steven graduated from pharmacy school in 2013. He has been a hospital pharmacy director for the past 5 years. He owns 90 units of real estate – two apartment complexes, a mobile home park, and five single-family homes – without any partners while working full time. Steven offers a course and mentorship called Making Multifamily Money which includes a direct mailing automation service and one-on-one coaching.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Our guest, Tanh Truong believes that the most valuable commodity anyone possesses is time. That is why he transitioned from his career as a pharmacist into becoming a commercial real estate investor. Tanh learned about real estate as he was taking up his Doctorate in Pharmacy.
Tanh came from very humble beginnings. They were immigrants to the U.S. and growing up he faced difficult challenges in his studies from preschool to pharmacy school. What mindset, habits, and virtues shaped Tanh and helped him overcome adversity and become successful? Listen now to find out!
Key Points from This Episode:
- Tanh Truong’s humble beginnings.
- The challenges he faced in his schooling as an immigrant.
- Why his parents placed a high value on education.
- How his parents afforded to send him to pharmacy school.
- How he became a full-time commercial real estate investor.
- Tanh Truong’s mindset and habits that helped him get out of a poor background to become a successful investor.
- How Tanh started acquiring small multifamily properties.
- How the residential assisted living model helped him to scale faster.
- How Covid affected his business plan.
- Why he transitioned to commercial real estate.
- Tanh’s advice on how to reach $5 million.
- How Tanh finds good business partnerships.
- The habits and virtues that are the most impactful for him in his investing journey.
- How Tanh found his mentor by providing value.
- What does Tanh enjoy the most now and what are his goals for the future?
Tweetables:
“Learning is one thing but putting it into action is another.” [00:16:46]
“Your foundation has to be the strongest. You have to understand what you’re getting into. If you don’t understand what you’re investing in, you should not be investing in it.” [00:24:34]
“Integrity and transparency are, probably, two of the biggest characteristics that you can have, two of the strongest when it comes to operating a business.” [00:32:45]
Links Mentioned:
Proton Profits website
Tanh Truong on LinkedIn
Tanh Truong on Facebook
Tanh Truong on Instagram
Investor’s Podcast Network
Tony Robbins Podcast
Ed Mylett Podcast
About Tanh Truong
Tanh Truong is a former pharmacist turned full-time commercial real estate investor. He is the founder of Proton Capital and now controls over a quarter million square feet of commercial space. A thoroughbred of Cincinnati, he invests in high-yielding assets and higher-yielding relationships. Aside from investing, Tanh is a connoisseur of finance with a macro focus, a foodie, and an aspiring author.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Are you graduating from college with a huge amount of student loans? Listen to Frank Macia’s story of how he got out of his student debt by being intentional, creating a plan, mitigating life’s expenses, and taking the first step toward his goal.
Because of his desire to achieve financial freedom, Frank explored other ways to earn more income. He discovered real estate and learned how to house hack and do short-term rentals. He experienced challenges along the way but he was able to get through them and learn valuable lessons. Listen now!
Key Points from This Episode:
- How Frank started as a pharmacist.
- Why he invested in real estate.
- His initial steps moving towards his vision and goal of financial freedom.
- How Frank's journey in real estate investing started.
- How he financed the lot he bought while still paying off his student loan.
- The setbacks of building a house from scratch and how Frank solved them.
- The advantages of getting a builder.
- Frank’s advice to pharmacists who graduated from school with a huge loan? Which should they prioritize – paying off their student loan or saving for an investment?
- The benefits of investing in real estate for a pharmacist.
- Why does Frank love house hacking?
- The tax benefits of real estate investing.
Tweetable:“If you want to accomplish anything in your life, whether it’s career or financial goals, then you have to have some type of planning. You have to have some type of intentionality.” [00:10:06]
Links Mentioned:Email Frank Macias
Frank Macias on Facebook
Frank’s Listings
Building an Investment Property with Frank Macias, PharmD
The Real Estate Robinsons
Gordon Ramsay’s podcast
STR Unfiltered podcast
The Short-Term Show
About Frank Macias, PharmDFrank Macias graduated from Mercer University in Atlanta, GA in 2017 and worked as a pediatric pharmacist for Children’s Healthcare of Atlanta for 1 year. He moved back to Florida and worked full-time as a retail pharmacist and part-time at a pediatric hospital. Later on, he made the transition from retail to hospital. He worked as an evening staff pharmacist for about 4 years and transitioned to daytime.
As of now, Frank has been doing short-term rentals for half of the duplex and his initial single-family home since April of 2022. He self-manages the properties as they are on-site. Frank handles all the guest communications, listing management, pricing, maintenance and reservations while his wife handles the coordination of the cleaners, final inspections, supply ordering, and payroll.
Connect with us!Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Rachel Gainsbrugh’s mission is to build a luxury short-term rental portfolio with as many women, mothers, and entrepreneurs as possible. Her goal is to generate passive income so she can have more time to spend with her family and passion. She believes in the importance of aligning her investments with her goals. So, after looking at all the investment strategies, she knew that real estate was the best vehicle for her.
Dr. Gainsbrugh wants to help women in healthcare learn how to invest because she wants to provide her fellow pharmacists with options so that they can have the confidence to say no to things they disagree with or don’t like to do. If you are seeking to invest in real estate or start your own business, take Dr. Gainsbrugh’s advice to surround yourself with like-minded people, learn, and seek help from the experts in your niche.
Key Points from This Episode:
- Dr. Gainsbrugh graduated with half a million dollars in student loans!
- Joining communities of like-minded people who are focused on paying off their debts helped her to get out of her loans.
- Having an accountability group would greatly help someone battling with debts.
- How did Dr. Gainsbrugh start to move towards investing in real estate and gaining passive income?
- What led her to invest in short-term rentals?
- It is crucial to align your goals with your investments.
- How to know if your goals and investments are in alignment.
- Learn to ask for help and lean on the information from experts in the specific niche you want to invest in.
- The lessons Dr. Gainsbrugh learned from her first deal that prepared her for the deals that came after it.
- Dr. Gainsbrugh touches on the regulations for HOAs.
- Dr. Gainsbrugh’s goal in 2023 for women in healthcare.
Tweetables:
“If your investment is not in alignment with what your goals are, that has to change in 2023. Rethink that in 2023. Alignment is so important.” [00:19:35]
“Just one investment that’s bringing in some income gives you a little bit of breathing room.” [00:28:18]
“When you surround yourself with investors who are all focused on accomplishing that goal of achieving passive income, that’s where all of the nuggets are gonna be found.” [00:31:48]
Links Mentioned:Dr. Gainsbrugh’s website
Top 75 Cities for Short-Term Rentals in 2022
Who not How (book)
About Dr. Rachel GainsbrughBorn in Haiti, the poorest country in the Western Hemisphere, Dr. Rachel was driven to make a difference and not take her parents' sacrifices for granted. She graduated with a whopping $500,000 in student loan debt. She struggled, burned the candle at both ends, worked multiple extra hospital shifts to pay it off… until she discovered real estate and digital courses.
Fast forward to now, Dr. Rachel is a semi-retired pharmacist, Luxury AirBNB Real Estate Investor, Educator, Public Speaker, Podcast Host, Course Creator, Coach, and a mom to two boys 24/7!
Connect with us!Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Tim Rhode achieved financial freedom by age 40 and currently has 25 income streams! How did he do it? What helped him find his purpose and passion?
Tim re-invented himself, changed his mindset, and connected the data points in his life until he achieved his dream of having a business where he could mentor and serve people. Investing in real estate changed his direction and enabled him to find his purpose and live with joy and inspiration.
Key Points from This Episode:
- Being financially free, Tim enjoys life and look for opportunities to serve, fit in, and help his family and community.
- Changing mindsets from a clerk to RE investor.
- Taking all the necessary steps to learn about RE.
- How his first three RE transactions changed his direction in life.
- Discovering his new identity at 40.
- Know and connect the data points in your life to discover your gift and passion.
- How did Tim know about his gift of giving and serving others? What pushed him to do it?
Tweetables:“You have a new identity sitting out in front of you. You just haven’t have the courage to tell your brain, ‘It is time!’” [00:15:34]
“The keyword is data points. You gotta get away from your life and just get out and get your heart rate elevated and start putting these data points together.” [00:16:33]
“Get the courage to do the thing that you know you need to do and you know you don’t want to do it.” [00:44:46]
Links Mentioned:The Quitter’s Manifesto (book)
Why Doctors Don’t Get Rich (book)
1Life Fully Lived website
GoBundance website
Follow Your Different podcast by Christopher Lockhead
About Tim RhodeTim would tell you that he got off to a slow start. After growing up in the rural town of Portola in Northern California and barely graduating high school, Tim Rhode found himself at the age of 25 working as a grocery clerk with two young children to provide for.
He eventually found his “niche” selling real estate; and from 1986 to 2000, he sold over 2,500 homes and from 1997 to 2006 he invested in over 100 properties. Tim focused on saving money, keeping his expenses low, and playing solid “financial defense” which allowed him to basically retire, and he was financially free at the age of 40.
Not wanting to play hike, bike or ski all day, Tim threw his energy into his true passion: helping people thrive and live their most fulfilling life. He founded the nonprofit 1Life Fully Lived to help people of all ages gain the tools and skills they need to thrive and also co-founded GoBundance, a high-level mastermind, with David Osborn, Pat Hiban and Mike McCarthy to help healthy, wealthy, generous people lead epic lives. We have a women’s tribe now!
Tim has also authored and co-authored numerous books such as Tribe Of Millionaires and The Quitters Manifesto and has been featured on a variety of podcasts and media outlets. He now lives near his children in the High Sierras with his wife and dog.
Connect with us!Claude Condo on LinkedIn
Jeff Stark on LinkedIn
Subscribe to our newsletter!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Nathan Smith believes that if you want to get financially free early in life, you have to be fanatical. He was still a student in pharmacy school when his real estate investment journey began. By the age of 30, Dr. Smith was already financially free. How did he start and where did he get his capital? His secret sauce is to live minimally, so you can eventually live richly. Listen as Dr. Smith shares his real estate investing roadmap with us in this episode!
Where and how to get capital is one of the biggest challenges in real estate investment. So be all ears up to the end as Dr. Smith shares creative ways and strategies to finance acquisitions. He goes into detail about seller financing and how to approach property owners. Enjoy the show!
Key Points from This Episode:
- Dr. Smith’s background and why he chose PharmD over MD.
- Investing in real estate while studying pharmacy.
- How he educated himself about real estate investing.
- His first house hack.
- Why he focused on the student rental market.
- Why seller financing is a great strategy for Dr. Smith.
- How to make the first touch with a property owner.
- Ways to finance an acquisition.
- Why is he diverting his focus away from student housing now?
- Failures and lessons in his real estate investing journey.
- How pharmacy helped him in his real estate investing.
- Nate’s advice for risk-averse pharmacists and his roadmap to get you started in real estate investing.
Tweetables:
“If you will put up with what most people won’t put up with, you’ll have what most people won’t have.” [00:17:33]
“The way that you become financially independent, generally, is cash flow.” [00:19:03]
“As long as we’re disciplined in our personal lives, pharmacy provides us with such a great income. It bailed me out many, many times. I always made sure to live below my means.” [00:45:15]
Links Mentioned:
Dr. Nathan Smith on YouTube
Dr. Nathan Smith on Facebook
Dr. Nathan Smith on Instagram
The All-In Podcast
E192: Finding Triumph in Creative Financing with Nathan Smith
Episode 111 - Seller Financing: A Creative Tool For A Changing Market With Nathaniel Smith
About Dr. Nathan Smith
Nathan Smith is a real estate investor and an industry leader in creative financing and asset management. He owns over 200 doors, totaling approximately 24 million dollars in assets. Nathan has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation, and “Live in Eau Claire,” a property management company that managed over 1,000 units at the time of his exit. One of Nathan’s passions is teaching others about the power of investing in real estate.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Get your dose of inspiration today from Quynh Vu as she speaks on how to shift from being risk-averse to risk-tolerant in this episode! The biggest reason people hesitate to invest in real estate or any business is the fear of taking risks. After working as a retail and hospital pharmacist for 16 years, Quynh realized that her job was not secure and having just one source of income was also a big risk.
As a pharmacist, Quynh was risk averse. But something changed her mindset. She decided to leave her job and focus her energy on achieving financial freedom and generational wealth through real estate. Find out what changed her mindset and how she became successful. Listen now!
Key Points from This Episode:
- Quynh’s experience working as a retail pharmacist at Walmart and in a hospital.
- The pressure of being a pharmacist in a hospital.
- What motivated Quynh to keep moving forward in her career as a pharmacist?
- Quynh’s advice to those who feel stuck in their jobs or want to leave retail pharmacy to move to a hospital.
- The difference between retail and hospital pharmacists.
- Why and how did Quynh get into real estate investing?
- How long it took for Quynh to become convinced to start investing.
- How to know if you are ready to invest.
- Quynh’s first investment and how they got the deal.
- Quynh’s coaching business.
- The challenges she faced in her journey and what she would have done differently knowing what she knows now.
- A smart way to know what action to take to achieve your end goal.
Tweetables:“Having only one source of income is very risky too.” [00:25:06]
“Starting with the end in mind is important. Once they know what they want then they also have to figure out how to get there.” [00:37:31]
“There’s a lot of different ways that you can invest. People have to look inside of them and see what their risk tolerance is.” [00:38:32]
Links Mentioned:The Wealth Building Agent website
The Psychology of Money
Our San Diego Home
Follow Quynh Vu on:LinkedIn
Facebook
Instagram
TikTok
YouTube
Connect with us!Claude Condo on LinkedIn
Jeff Stark on LinkedIn
About Quynh VuQuynh and her husband purchased their first home at 23 while still in college and have always owned a home since then. In 2018, her husband started investing in real estate to help them find ways to create more passive income while she worked as a pharmacist. They now own numerous properties, including accessory dwelling units (ADUs), condos, duplexes, and single-family homes used as vacation homes and long-term rentals in San Diego, California, and several states. Quynh is also a Real Estate Coach, who helps Real Estate Agents grow their real estate businesses and portfolios.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Learn how to become a “Pharmapreneur” in today’s episode with Blair Thielemier! Blair’s passion is to level-up pharmacy into a value-based healthcare model, and is currently training and coaching pharmacists looking to invest or start their businesses.
Blair touches on the mindset and limiting beliefs that pharmacists and healthcare professionals must overcome so they can move towards achieving their goals and passion in life. She shares three “pharmapreneurial” paths that pharmacists can take as they begin their journey to becoming entrepreneurs. Blair believes that pharmacy practice is changing so she trains pharmacists to become ready to adapt to these changes in the industry through PharmapreneurAcademy.com. Listen now to learn more!
Key Points from This Episode:
- Blair worked in a clinical hospital pharmacy before she became an entrepreneur.
- Losing her job led her to a new path.
- The challenge she faced and how it brought her to work with independent pharmacies.
- Blair’s passion for entrepreneurship and how she started pursuing it.
- What is the first step to transition out of retail?
- The three “pharmapreneurial” paths.
- The physician’s office path.
- The pharmacy-based path.
- The patient-paid path.
- How do you find your passion?
- The mindset or limiting beliefs that hinder pharmacists from pursuing their passion and how to overcome them.
- Blair talks about PharmapreneurAcademy.com.
- Blair’s vision and goals for PharmapreneurAcademy.com and how they help pharmacists and other healthcare professionals.
Tweetables:
“[Passion] begins to help you realize that you have more power over the way that you practice than maybe what you even realize.” [00:16:39]
“If pharmacists and healthcare professionals in general can see themselves as healers, then the question can be, ‘Are patients getting better or worse in this intervention?’” [00:16:54]
“The last thing that I want pharmacists to do is to go out and create a business around something that they are not passionate about. It’s like just creating another job for yourself that you don’t enjoy.” [00:12:27]
Links Mentioned:
PharmapreneurAcademy.com
Free Resource!
Blair on LinkedIn
Blair on Facebook
Blair on Instagram
Blair on YouTube
About Blair Thielemier, PharmD
Blair Thielemier is a business development consultant specializing in pharmacist-led billing models. She consults on and produces e-learning programs for state and national organizations, pharmacy wholesalers, payers, and technology start-ups. Blair has books and online courses available for individuals looking to leverage their pharmacy knowledge into monetized clinical programs at PharmapreneurAcademy.com. She speaks internationally about trends in leveraging pharmacists to improve value-based care.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today’s guest, Owen BonDurant, shares his valuable perspective on the pharmacy industry. If you are an employee looking to become a business owner, this episode is for you!
Owen’s father brought him up in the pharmacy industry and he has mastered every part of this business. Today, he’ll teach us about business ownership, how to find a business partner, effective strategies to implement in your pharmacy business, and his forecast for the pharmacy industry. Listen now!
Key Points from This Episode:
- How Owen was trained from a very young age to have a business management mindset in the pharmacy space.
- How Owen gets pharmacists into the marketing mentality.
- Owen talks about his businesses and Independent Rx.
- Two biggest things that make a partnership work.
- Owen’s opinion about the pharmacy industry's status and his predictions for this industry in the next three years.
- Will independent pharmacies remain relevant in the next three to five years?
- Three things that successful pharmacists do and focus on.
- Owen’s investments and the lessons he has learned from them.
- Owen shares his short-term and ultimate goals in life.
- What’s the next step after achieving success?
Tweetables:
“It’s good to have a partner who offsets your skill set.” [00:21:27]
“You don’t know everything and you can’t do everything.” [00:34:57]
“Wealth is when you leverage your time, you leverage your capital, you leverage your resources to get to where you want to be. – Claude Condo [00:41:35]
Links Mentioned:
Independent Rx website
Owen BonDurant on LinkedIn
Profit First by Mike Michalowicz
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
The New One Minute Manager by Ken Blanchard, PhD and Spencer Johnson MD
Traction: Get a Grip on Your Business by Gino Wickman
About Owen BonDurant
Owen is 2nd generation entrepreneur (his father Mark BonDurant is Independent Rx Chief Consultant and was Tim Clark's partner in the 30 pharmacies they owned). He currently is an owner with Tim Clark in three pharmacies. He is the founder of Independent Rx which provides services for starting, buying and selling pharmacies as well as a leading accounting firm for independent pharmacies. His pharmacy experience includes almost every role a small pharmacy has to offer from cleaning the bathrooms, and working as a pharmacy technician, to starting, marketing, and running a durable medical equipment company to today helping over 100 people start or buy a pharmacy. He graduated from Miami University of Ohio with a degree in marketing and a minor in management information systems (MIS).
He is married, with two children, enjoys playing golf, and strives to travel often.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Kyle Klitzke is not a pharmacist, but he successfully runs a pharmacy! What is his secret sauce for growing his business? In this episode, Kyle will speak on how to start and grow a successful business, the challenges he faced in the first year of his business, and the mindset that helped him overcome every struggle.
Our conversation also zeroes in on how to diversify in real estate. Kyle learned that most pharmacists and healthcare professionals find it hard to invest or start a business because they can’t get up from behind the counter to explore other opportunities. Listen now and glean from Kyle’s entrepreneurial journey!
Key Points from This Episode:
- Kyle Klitzke’s childhood and educational background.
- How Kyle was able to buy a business at 24 years old with no assets and a huge student loan debt.
- Hard lessons Kyle learned in business acquisition.
- Kyle’s mindset that got him through the challenges he faced in running a pharmacy business although he was not a pharmacist.
- Not being a pharmacist was a drawback, but Kyle saw it as a benefit and opportunity to focus more on growing his business while he hired a pharmacist to stay behind the counter.
- If you want to diversify, don’t abandon your main business that generates money.
- Find out your value per hour and prioritize the things that yield a higher return on your time.
- In real estate investing, you don’t have to learn everything. You can do syndications and earn passively.
- Kyle learned about investing in syndications through Dr. Jeff Anzalone (Link below on our episode with Dr. Anzalone).
- Books and podcasts that have educated Kyle about business and investing.
Tweetables:
“There’s tons of opportunities in pharmacy, you just got to get up from behind the counter and go get them.” [00:22:50]
“When you don’t have a plan B, plan A has got to work. You just have to keep working on plan A until something changes.” [00:28:41]
“Don’t quit letting the main thing be the main thing.” [00:38:17]
Links Mentioned:
Community Pharmacy website
Email Kyle Klitzke
Episode 7 - Ways to Achieve Wealth and Financial Freedom with Dr. Jeff Anzalone
The Millionaire Next Door (book)
Profit First (book)
Craig Groeschel Leadership Podcast
About Kyle Klitzke
Kyle Klitzke is the founder and owner of Community Pharmacy. They currently have 2 retail locations and a long term care division. Unlike most pharmacy owners, Kyle is not a pharmacist. He has a degree in Chemical Engineering from Louisiana Tech University and also pursued his MBA from Auburn University.
Kyle's goal has always been to be an entrepreneur and that goal was achieved in 2005 when he acquired Tri-Care Home Medical, a medical equipment supply company and pharmacy. Since 2005, he has acquired and sold Tri-Care Home Medical, started and sold MedNurse, a nurse staffing company, started and sold SanoCare, a wound care company, and started Community Pharmacy. He devotes more of his efforts to continue diversifying his investments and has been using syndicated investments as one path to achieve his goals.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
If you’re at the beginning of your investing journey and trying to figure out how to get going, there are three things you have to do – network, educate yourself, and take action. This is how Dr. Drew Wiard started, and we’ll hear about his journey from being a pharmacist to a successful real estate investor in this episode!
Listen and be inspired as Dr. Wiard talks about how he scaled from his first house rental to multiple real estate investments! He also shares his mindset shift from being a pharmacist to an investor, what he would have done to scale faster, and tips on doing your due diligence to find the best operator or syndicator. Enjoy the show!
Key Points from This Episode:
- Dr. Wiard’s growing up years in Indiana.
- What led Dr. Wiard to pharmacy?
- How he managed to do his residency in the morning, his MBA at night, and buy his first house.
- Dr. Wiard’s advice to pharmacists who are planning to purchase their first property.
- What was his mindset when he made his first real estate investment?
- How has his mindset on investing evolved through the years?
- What helped him shift from a healthcare professional mindset to an investor mindset?
- Getting around people who are willing to take risks was pivotal for him.
- How to organize your time.
- How to educate yourself about investing.
- How to create your network.
- How to take action.
- Beginning with the end in mind.
- The highest return on investment will require more of your time.
- How Dr. Wiard does his due diligence and finds the best operator or syndicator.
- How he scaled to where he is at today.
- What he would have done differently to scale faster.
Tweetables:
“Networking is the single most important thing because if you’re the average of the five people you hang out with the most, then you probably need to shift whom you hang out with.” [00:17:04]
“If you’re trying to find time, you’re never going to find it. You have to create it. [00:18:13]
“You don’t find deals in this market. Good deals are created in this market.” [00:18:19]
“If you’re at the beginning and you’re trying to figure out how to get going, there are three things you’ve got to do – network, educate yourself, and take action.” [00:18:23]
Links Mentioned:
Dr. Drew Wiard on Facebook
Dr. Drew Wiard on Instagram
Dr. Drew Wiard on YouTube
All In Podcast
About Dr. Drew Wiard
Born and raised in Indiana, Drew earned his Pharm.D from Purdue University in '05 and went immediately into Residency and MBA. He has been in Hospital Pharmacy Leadership in various roles until retiring from medicine in June of 2022.
On the side, Drew has been investing in MULTIPLE real estate investment strategies (rentals, commercial, industrial, NNN, Apartment Syndications, etc...) for the past seven years, allowing him to exit his W2 fully. He can now be found across all social media sharing his love of flying paramotors and his investment journey as "The Flying Investor."
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Bryce Platt is super focused on his pharmacist career but also invests in real estate. His real estate portfolio allows him to serve his healthcare purpose and take risks in his career.
In this episode, Bryce talks about the disastrous beginnings of his house hacking journey and the lessons that came out of it. He also explains the house hacking strategy and gives tips for pharmacists who want to try it out. Listen and be inspired by his story!
Key Points from This Episode:
- Bryce talks about his life in Kansas City.
- Why Bryce picked pharmacy and how his career started.
- His advice for younger pharmacists: invest in your education and network.
- Bryce has found a way to get real estate investing to serve his healthcare purpose.
- How his house hacking journey began and the lessons he has learned.
- Bryce explains the house hacking strategy for pharmacists and other healthcare professionals.
- Where should pharmacists who want to house hack start?
- What is Bryce’s goal in the future and what are other areas of real estate or investing that he would like to venture into?
Tweetables:
“I see reading as a bigger mentor than anybody I ever had.” [00:10:29]
“There are all those kinds of things that are risks in your business and if you only have that one income source, you don’t have control of that. [00:20:22]
“I could see commercial investing as the way to make it even more passive. [00:35:20]
Links Mentioned:
Bryce Platt on LinkedIn
The Two-Hour Job Search
The House Hacking Strategy
About Bryce Platt, PharmD
Bryce Platt, PharmD is a consultant pharmacist at MakoRx and a real estate investor. He earned his Doctor of Pharmacy degree from the University of Kansas. He is a disciplined, growth-minded pharmacist who implements time-saving procedures and process improvements and constructs patient health programs. He used a concierge service to land a 4-by-4 condo in North Carolina, where he plans to take on 3 rent-paying tenants to live for FREE!
Bryce is experienced in Medicare, Medicaid, commercial programs, quality improvement efforts such as HEDIS and Star measures, and interprofessional group collaboration. His expertise includes designing and implementing new programs and products that enhance patient health and lower healthcare costs.
Bryce is a pharmacist that has created multiple programs that utilize pharmacists to enhance patient health and lower healthcare costs. He completed a post-doctoral fellowship in Population Health Management with Omnicell and Campbell University College of Pharmacy and Health Sciences in July 2019.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Adam Broussard speaks on how to break free from a pharmacist/physician mindset of being afraid to make mistakes to an investor/entrepreneur mindset of being willing to take risks. Dr. Broussard is a practicing Pediatric Anesthesiologist and the founder of Dads Before Doctors, a mastermind group for physicians and other high-achieving fathers. He’ll share some steps in developing the right money mindset.
Dr. Broussard shares what changed his mindset and how his real estate investing journey began. He explains the benefits of building a passive income through real estate and how to invest in larger deals as a passive investor or limited partner while working as a physician or pharmacist. If you’re a pharmacist or healthcare worker who wants to be in the healthcare field to help people and not just because you need to be there to make a living, then it’s time to shift to the right money mindset!
Key Points from This Episode:
- Dr. Adam Broussard completed medical school and residency at Louisiana State University Health Science Center in New Orleans.
- During the Covid-19 pandemic, his second son was born, he made his first passive investment in syndication, bought a short-term rental property, and became a life coach.
- Why does he prefer to build passive income rather than go up the corporate ladder?
- Who mentored and changed Dr. Broussard’s mindset?
- Syndications allow investors to purchase a larger property they would not be able to buy on their own.
- How can a physician or pharmacist build passive income and enjoy all the benefits of investing in real estate without managing the property?
- The benefits of real estate professional status and how to achieve it.
- How to shift from a pharmacist to an investor mindset.
- The steps to have the right money mindset and start building passive income.
Links Mentioned:
Dr. Adam Broussard’s website
Dr. Adam Broussard on Facebook
Dr. Adam Broussard on Instagram
Dr Adam Broussard on LinkedIn
Dads Before Doctors Podcast
The Life Coach School podcast
Who Not How
The Miracle Morning
Investing for Freedom
Millonaire Mindcast
Real Estate CPA Podcast
About Dr. Adam Broussard
Adam Broussard is a father of two young boys, Grant (4) and Harrison (2), and married to Nikki. They live in New Orleans, LA where Adam is a practicing Pediatric Anesthesiologist. Adam is the founder of The Five Freedoms Investment Club, a group of accredited investors learning together and sharing knowledge to expand their passive income, and Dads Before Doctors, a mastermind group for physicians and other high-achieving fathers, and a podcast by the same name. In addition, Adam is a certified Life Coach.
Adam is also an active short-term rental and passive real estate and business investor and always looking for new deals.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Lindsay McLaughlin works hard to achieve her goals and is passionate about helping other women achieve their biggest dreams, too. When working as a nurse, she dreamed of having the time freedom to raise her kids and do what she wanted. She wrote down her goals for the next five years and designed actionable steps to achieve the life of her dreams.
After seven years, Lindsay decided to quit her job as a nurse and dive into the world of real estate. Although her first deal was a failure, and she made more mistakes along the way, Lindsay learned to turn those mistakes into successes. She also talks about writing her life script and how she got into the real estate assisted living niche. Listen now to Lindsay’s pearls of wisdom in achieving dreams and investing in real estate!
Key Points from This Episode:
- Lindsay was a nurse but had the vision to be completely self-employed because she wanted to raise her kids and decide what she wanted to do for that day.
- She had many side hustles, including direct sales and a car washing business.
- Lindsay’s first step to achieving her goals was writing a life script.
- Write down your goals/vision and how you want your future to look.
- How did Lindsay overcome the fear of taking that first step?
- Lindsay’s first deal in real estate ended up being a bad investment, but she learned to turn her failures into successes.
- Don’t get cold feet if you make a mistake or lose money on a deal. Jump into another one or find another opportunity.
- How did Lindsay start in the assisted living facility? What prompted her to start in that niche?
- Lindsay shares her plans for the next five years and dreams for herself.
Tweetables:
“Just take steps. One step leads to the next step. Activity leads to more activity.” [00:13:26]
“Don’t think too small. Think big. There’s plenty of money out there. There’s plenty of opportunity. There’s not plenty of time. Your time is limited, everything else is abundant. ” [00:13:52]
Links Mentioned:
Lindsay Mclaughlin on LinkedIn
Lindsay Mclaughlin on Facebook
Lindsay Mclaughlin on Instagram
Optimized Senior Living website
RAL Optimized Consulting and Real Estate
RAL Optimized on YouTube
Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future by Cameron Herold
About Lindsay McLaughlin, RN
Lindsay McLaughlin was a nurse for over seven years. She is currently the CEO of Optimized Senior Living, a family-owned, faith-based residential assisted living home in Lebanon, OH. She is also the Founder of The Mompreneur Life and Director of Client Relations for RAL Optimized. Her passion is helping women understand their goals, working with them to identify the steps of starting a successful small business and laying out actionable steps to achieve the life of their dreams. She is dedicated to assisting investors and Residential Assisted Living operators to acquire real estate and establish a profitable assisted living business the optimized way.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Today’s episode is all about smashing mindsets. We’ll hear about our guest, Maurice Cyrus’ evolution as a person, professional and investor. Maurice came from an interesting family background and had to overcome many challenges growing up to get to where he is now. He will share the pearls of wisdom he has gained in his journey.
Mindset is so powerful. It can either bring you down or push you to accomplish what you were born to do. It is essential to identify the limiting mindsets and smash them so you can move forward. If Maurice didn’t smash those limiting beliefs, he wouldn’t have overcome the obstacles of lack of education and acceptance as a child and become a successful nurse anesthetist and commercial real estate investor.
Key Points from This Episode:
- Maurice grew up in an uneducated family. Education wasn’t a part of their culture at home.
- A judge helped Maurice become a nurse anesthetist.
- Maurice went through a lack of acceptance when he was a child.
- First mindset smash: “I wasn’t invited here, so I had to find my tribe.”
- Second mindset smash: “This is where I am. I’m not where I want to be.”
- How did Maurice get into the healthcare space?
- What mindset did he have to smash to shift from healthcare to real estate?
- Maurice wanted to be someone who understood and could impact the community’s infrastructure.
- Maurice shares the mindset that got him from starting as a nursing assistant to becoming a nurse anesthesiologist to entering commercial real estate.
- How does he distinguish which mindset needs to be smashed now?
- How did Maurice divide his time between being a nurse anesthesiologist and a commercial real estate investor?
- Maurice’s pearl of wisdom for healthcare professionals on how to get into real estate investing.
Tweetables:
“There are some mindsets that will hinder you from anything that you want in your life. There are some that you have to deal with, and you kind of work through those. But there are some that you have to be ruthless and smash.” [00:14:59]
“If my self-image isn’t congruent with the God I know and love, it’s got to go.” [00:24:02]
“Failure is learning.” [00:31:27]
“Leave your ego at the door and serve.” [00:49:25]
Links Mentioned:
Cyrus Capital on Facebook
Cyrus Capital on Instagram
Cyrus Capital on Twitter
Cyrus Capital on LinkedIn
Cyrus Capital Investments website
Udemy website
Udemy – Commercial Real Estate Investing 101 by Justin Kivel
About Maurice Cyrus, RN
Maurice Cyrus studied at Kaiser Permanente School of Anesthesia and is a part-time Certified Registered Nurse Anesthetists (CRNA). He is also the CEO at Cyrus Capital LLC, and now a full-time commercial real estate investor. He used to be an inexperienced investor, but now he owns an 11-door property in Elkhart, Indiana, and a 63,000-square-foot commercial-industrial property in Vicksburg, Mississippi.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Tom Burns is passionate about teaching people, especially those in the healthcare space, how to get rich through passive income. In this episode, he discusses the solutions to the common challenges doctors, pharmacists, and other healthcare professionals have when starting businesses or creating passive income through real estate.
One of the challenges is shifting from the healthcare professional mindset of avoiding mistakes to the investor mindset of being willing to take risks. Listen now and learn how Dr. Burns overcame this and the lessons he learned along his investing journey that have helped him succeed.
Key Points from This Episode:
- Why Dr. Burns looked for other income streams despite being a doctor and what led him to real estate.
- Dr. Burns' advice to healthcare professionals with busy schedules who want to start a business or invest in real estate.
- Lessons in real estate that Dr. Burns learned from his mistakes in the past.
- Balancing the healthcare professional mindset and the entrepreneur or investor mindset.
- Why having a delegation mindset is crucial.
- Why Dr. Burns spends around $250,000 a year on mentors and masterminds.
- Ways to grow your money while spending 70 hours in practice.
- Learn about Dr. Burns’ book, “Why Doctors Don’t Get Rich.”
- How Dr. Burns started his real estate investing journey.
- How to find the perfect investing partner.
Tweetables:
“One of the best successes in real estate hacks in the world is time and persistence.” [00:08:45]
“If you try to derive the perfect strategy and wait until you have the perfect strategy, nothing will happen. Action is the first thing. So, just do something.” [00:08:57]
Links Mentioned:
Dr. Tom Burns on Facebook
Dr. Tom Burns on LinkedIn
Email Dr. Tom Burns
Rich.Life Toolkit
Why Doctors Don't Get Rich: How YOU Can Create Freedom with Passive Income Investing by Tom Burns
Presario Ventures website
Rich Dad Poor Dad
Rich Dad's Cashflow Quadrant
The ABCs of Real Estate Investing
Who Not How
The Gap and The Gain
Be Your Future Self Now
The Power of Now
The Miracle Morning
The Real Estate Guys
Achieve Your Goals
Real Estate Strategies
The Rebel Capitalist
The Ed Mylett Show
About Dr. Tom Burns
Dr. Tom Burns is an entrepreneur, retired orthopedic surgeon, and a United States Ski Team physician. He is the co-founder and principal of Presario Ventures, a private real estate company focused on apartment development and private equity in Texas and the Sunbelt. He has over 25 years of real estate experience and has acquired or developed over $500 million of real estate locall
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Nate Hedrick is passionate about helping pharmacists to fulfil their financial plans and teaches them how to start investing in real estate while working as a pharmacist. Like many pharmacists, Dr. Hedrick graduated from pharmacy school with a ton of debt. Fortunately, he found a fantastic opportunity to achieve financial freedom in real estate investing. He wants to impart the lessons he has learned throughout his real estate journey to budding pharmacists looking for ways to build wealth as they build their pharmacy careers.
There are many ways to invest in real estate. Dr. Hedrick focuses on residential real estate and is looking to invest in other assets to expand his portfolio. Because of real estate, Dr. Hedrick was able to cut his pharmacy hours from 40 to 20 a week, giving him more time for his family. Listen now and find out how you can invest in real estate, diversify your income streams, and live a more flexible lifestyle while working as a pharmacist!
Key Points from This Episode:
- Dr. Nate Hedrick’s mindset when he was a pharmacist.
- The first action steps he took to start investing in real estate and get build his brand.
- How to shift from a pharmacist mindset to an investor mindset.
- Learning to work with a team and looking at the data.
- Who are the people or team members that Dr. Hedrick relies on the most for investing?
- Dr. Hedrick’s coaching program for pharmacists.
- Real estate investing mistakes in the past that served as valuable lessons for Dr. Hedrick.
- Where does Dr. Hedrick see himself in five years?
- Dr. Hedrick talks about his podcast and how they educate pharmacists to use real estate to supplement their pharmacy careers.
Links Mentioned:
Dr. Nate Hedrick on LinkedIn
Dr. Nate Hedrick on Instagram
Your Financial Pharmacist website
Real Estate RPH website
The Book on Rental Property Investing
Who Not How by Dan Sullivan and Benjamin Hardy
About Nate Hedrick, PharmD
Dr. Nate Hedrick is a full-time pharmacist by day and a blogger by late night and early morning. He also serves as the Clinical Program Advisor for Medical Mutual of Ohio, using his experience as a pharmacist to support their sales team.
After earning his real estate license in 2017, Dr. Hedrick founded “Real Estate RPH” as a source of real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey.
Today, Dr. Hedrick co-hosts the Your Financial Pharmacist Real Estate Investing Podcast, a show dedicated to educating and inspiring other pharmacists to consider real estate a part of their financial plan.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Meet Dr. Randy Lehman. At 33 years old, Dr. Lehman is already enjoying true financial freedom with his family. In this episode, he will share the best practices that helped him succeed as a doctor and real estate investor and gain financial independence quickly.
Dr. Lehman details the hyper-efficient habits that help him juggle medical practice and investing in real estate and dives deep into his minimalist lifestyle and how he tracks his net worth. We’ll also hear about ways to invest in real estate and Dr. Lehman’s mindset on leveraging to achieve financial independence quickly.
Key Points from This Episode
- Dr. Lehman is a 33-year-old Rural Surgeon.
- Two ways to define financial independence.
- Dr. Lehman’s greatest mentor.
- Creating a spread between what you make and what you spend.
- Leveraging the things that you’re buying.
- Get started by putting money away and start investing.
- The only way to afford to lose money is to get out of the paycheck-to-paycheck mindset.
- How Dr. Lehman graduated from residency with no debt and possessing cash-flowing assets.
- The house is the biggest problem.
- The initial steps to financial independence are to sell your house and slash your lifestyle.
- Being hyper-efficient allowed him to juggle medical practice and real estate investment.
- How living a minimalist life helps you achieve financial independence.
- Several ways to invest in real estate: tax liens, house-hack, industrial NNN commercial properties, and meeting the real estate professional status.
- Dr. Lehman’s “Leverage made simple.”
Tweetables:
“The house that you buy determines so many other expenses that you make.” [00:15:53]
“You’ve got to hack your life and hack your own personality to figure out what’s the most efficient way to carry things forward.” [00:21:33]
“What gets measured gets managed.” [00:26:53]
“No risk, no return.” [00:32:56]
Links Mentioned:
Dr. Randy Lehman on Facebook
Real Estate CPA podcast
Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth - and How You Can Too by Dave Ramsey and Ramsey Press
About Dr. Randy Lehman
Dr. Lehman is a Rural Surgeon in Winamac, Indiana, specializing in abdominal contents, including the esophagus, stomach, liver, gallbladder, pancreas, and often thyroid glands. He has been in practice for about ten years and is affiliated with Pulaski Memorial Hospital and Franciscan Health Rensselaer, Inc. He received his medical degree from the University of Cincinnati College of Medicine.
Dr. Lehman lives a minimalist lifestyle focusing on pouring money and capital back into his community and causes that he’s passionate about. He grew up in a farming community where he learned much about buying land and farms from his grandfather. His grandfather was very strategic about expenses and income, greatly influencing him.
Dr. Lehman and his wife are licensed pilots and have been married for five years with two children.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
The Medical Mindset thinks that, as an expert, you have to know and excel in everything. Doctors, pharmacists, and other healthcare professionals must break out of this trap to live their best life. In this episode, Dr. Brett Levine tells us how to overcome the medical mindset to live a life free from stress, burnout, and depression.
According to Dr. Levine, you can break out of the medical mindset by being vulnerable and open to others about the struggles and things that you go through. Be a part of a community, be authentic, and always remember that you are more than a doctor or a pharmacist. There are no limits to what you can become!
Key Points from This Episode
- How Dr. Levine got into the medical field.
- Dr. Levine shares the crisis he went through in life that slowly got him trapped in the medical mindset.
- The medical mindset thinks you need to know everything because you are an expert.
- The medical mindset is like a trap that medical professionals fall into.
- You don’t have to learn everything.
- Switching out of the medical mindset is a slow, transformational change.
- Dr. Levine shares his initial steps to break out of the medical mindset.
- Joining a mastermind will help you become authentic and open to others.
- Dr. Levine’s advice for somebody who is trying to break free from the medical mindset but is in the analysis paralysis.
- His goal in real estate investing: long-term multifamily buy and hold.
Links Mentioned:
Boomm Mindset website
25% discount for the BOOMM 1.0 Course
Sample video
Boomm Mindset on Instagram
Boomm Mindset on LinkedIn
Boomm YouTube channel
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan
Mindset: The New Psychology of Success by Carol Dweck
The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance by W. Timothy Gallwey
Passive Income MD podcast
Cashflow Tactics podcast
Tribe of Millionaires podcast
Milli
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Stop trading time for money! Invest in real estate. It is the best way to achieve wealth and financial freedom so you can spend more quality time with your family and your true passion. Today, we sit down with Dr. Jeff Anzalone, a board-certified periodontist in the great state of Louisiana and founder of DebtFreeDr.com. Dr. Anzalone is passionate about sharing his debt-free journey and finance strategies with medical and high-income professionals.
Our conversation highlights the benefits of investing in commercial real estate and the importance of building multiple income streams. Dr. Anzalone learned that you don’t need to pay your debt or student loans all at once. You can invest your money in cash-flowing assets and use your passive income to pay off your debt! Be all ears as Dr. Anzalone shares his experiences and all the key learnings he picked up on his journey to achieving wealth and financial freedom!
Key Points from This Episode
- What led Jeff down the path of real estate.
- Money as a tool to free up your time.
- The importance of due diligence.
- The benefits of investing in commercial real estate syndications.
- Putting money to work to replace your monthly income.
- Enjoying tax advantages and passive income.
- Debt snowball in reverse or equity snowball.
- How Jeff’s life has changed in his first year of investing in real estate.
- How he lost $15,000 in his first deal.
- The necessity of having multiple income streams.
- What to prioritize after getting out of pharmacy school.
- Where is Jeff now in his journey to financial freedom?
- The mindset of getting your assets to pay for your debt.
- Jeff’s personal finance strategy.
Tweetables:
“There are multiple different ways such as syndications and other things that you could do passively where you could keep practicing, working, taking that money, and slowly replacing your income, expenses, or whatever you want to do.” [00:09:15]
“With the syndications, you can keep focusing on being a pharmacist and you can take that extra money and pool it with other people.” [00:11:41]
“This (real estate) is a people business. You’re investing in people.” [00:12:10]
Links Mentioned:
Jeff Anzalone on Twitter
Jeff Anzalone’s email
Anzalone Periodontics
Debt Free Doctor website
Debt Free Doctor on YouTube
Debt Free Doctor blog
What They Don’t Teach You In Dental School: Everything You Need To Know About Setting Up And Running A Dental Practice by Dr. Jeff Anzalone and Halle Eavelyn
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan, Dr. Benjamin Hardy, et al.
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Dr. Garth Hatch is an endodontic specialist who served in the U.S. Army Dental Corps for 7 years. The military got his feet wet in real estate when they moved to South Carolina and bought their first house. After a year, they rented it out and bought another house. Then they found a foreclosure in Georgia, rehabbed it, lived in it, and rented out the basement. Eventually, they sold that house and pocketed $75,000. That started his journey to achieving success in private practice and real estate.
When he was in the military, he used his downtime to educate himself and read books about business, growth, and marketing. His lifetime goal was to own a business, so he got out of the military and started his private practice. Despite making many mistakes and facing challenges in the dental market, Dr. Hatch grew his business by 60% in the first year. Because they had grown so fast, many people came to him for advice. And so he launched a consulting business called Dental Specialist Institute, LLC. Listen now to learn more about him and how he achieved success as a doctor and entrepreneur!
Key Points from This Episode
- Studying dentistry and training in the military.
- Getting into real estate.
- Purchasing his first property.
- Serving in Germany for three years as Chief Endodontist.
- Leaving the military and starting his own practice.
- Growing the business by 60% in the first year.
- Buying a 33-acre cherry orchard and doing farming for four years.
- Starting a consulting business called Dental Specialist Institute, LLC.
- Venturing into commercial real estate.
- Joining GoBundance Mastermind in 2021.
- Purchasing four single-family units, a short-term rental, and two more properties.
- Investing in mobile home parks.
- Dr. Hatch’s mindset is to focus on the business that makes you money.
- Dr. Hatch’s advice to medical practitioners who want to start their business, real estate, or other passive income.
- What’s next for Dr. Hatch?
Links Mentioned:
The Millionaire Real Estate Investor Paperback – April 7, 2005 by Gary Keller
Traction: Get a Grip on Your Business by Gino Wickman
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork
by Dan Sullivan, Dr. Benjamin Hardy, et al.
All-In Podcast
BiggerPockets Real Estate Podcast
Wealth Formula podcast
Dr. Garth Hatch’s contact no: 509 378 0376
Dr. Garth Hatch’s email
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Amit Gaglani is a P.T. or Physical Therapist who started his private practice. He expanded his business to a national level, but after opening several locations, he realized that every time he took money out of his pocket, it took time to get his money back. And that started his journey in the real estate industry.
Amit wanted his passive income to overtake his active income so he could live the life he wanted. So he invested in multifamily syndications and started diversifying from there. Now, Amit has a group of over 40 accredited investors that partner with him on investments. Listen now for advice and tips on choosing the best syndicator for you, how to benefit from real estate’s tax efficiencies and many more!
Key Points from This Episode
- What inspired Amit to start his practice?
- How did he learn the business skills necessary to get to where he wanted to be?
- How did he find and train the people to replace him so he could focus on scaling the business?
- Amit leads the company and bases his decisions on statistics.
- How Amit got into real estate syndications and started earning passive income.
- What were his criteria for choosing the right syndication group?
- Why should pharmacy/business owners consider investing in real estate syndications?
- Amit explains tax returns, depreciation, and the benefits of syndicated deals.
- What is an accredited investor?
- The difference between Rule 506(b) and 506(c).
- What has Amit been working on lately?
Links Mentioned:
Amit Gaglani’s email
Amit Gaglani on LinkedIn
Accountable Equity website
Good to Great: Why Some Companies Make the Leap...And Others Don’t by Jim Collins
Turning the Flywheel: A Monograph to Accompany Good to Great by Jim Collins
Capital Hacking Podcast
About Amit Gaglani
Amit Gaglani PT, OCS has 20 years of healthcare, operational, marketing, and leadership experience in the outpatient physical therapy space. He was the Founder/Owner/CEO of Arrow Physical Therapy and Rehab LLC which has multiple locations in Northern, New Jersey. Amit has scaled and sold his business to private equity twice. He has over ten years of private placement investing in various alternative assets.
During the process, he invested in syndications, aggregated 67+ accredited investors, and now is Head of Growth at Accountable Equity where he is on the leadership team creating funds and systems.
Dr. Dylan Koch talks about his mindset shift and how it impacted his journey from being a full-time pharmacist to focusing on investing in real estate. We’ll also hear about how Robert Kiyosaki’s book, Rich Dad, Poor Dad, influenced him to pursue financial independence and have multiple income streams.
Dylan did not have a mentor when he was starting. Instead, he learned how to leverage debts and invest in real estate through books and podcasts like this. Be all ears up to the end as Dylan shares his valuable advice to new pharmacists and pharmacy owners on replacing pharmacist income with passive investments. Listen now! Key Points from This Episode
- How Dylan, a full-time pharmacist, transitioned to real estate.
- How Robert Kiyosaki’s book, Rich Dad, Poor Dad changed his mindset and impacted his journey.
- What made him decide to replace his pharmacist income with passive investments?
- Dylan’s advice to new pharmacy graduates: have a clear plan.
- Dylan’s first real estate investment deal: a duplex.
- The advantages of finding the right partner to work with in the deal.
- Dylan’s advice on property acquisition.
- Dylan’s advice to pharmacy owners who want to invest in real estate for passive income.
- What does he see in the market right now?
Tweetables:
“I can make my own money working for someone else and then build up my own stream of passive income.” [00:09:18]
“If you’re just graduating, write down what your goals are so at least you could set a clear plan on how to get there and then just reverse-engineer the plan from there.” [00:12:04]
“Focus on making more money first and then get yourself in a position where you can do the slow and steady compounding wealth.” [00:12:51]
Links Mentioned:
Dr. Dylan Koch on Facebook
Dr. Dylan Koch on Instagram
Dr. Dylan Koch on Twitter
Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
Everything is Figureoutable by Marie Forleo
BiggerPockets
Macrovoices Investing Podcast
Forward Guidance podcast
About Dr. Dylan Koch
Dylan was born and raised in a small town, a very blue-collar area in western Ohio. He went to the University of Cincinnati to study pharmacy and graduated six years later, in 2017. Dylan was very career-oriented at first and went on to manage a retail pharmacy at 25. However, his mindset shifted from salary/career-oriented to entrepreneur and investing-oriented after he read Rich Dad Poor Dad by Robert Kiyosaki.
He bought his first house hack in June 2018, his second in August 2018, and another in January 2019.
Through a partnership, Dylan built up to 13 residential units b/t SFH and small multifamilies. When his partnership ended, he divested his assets and went full-time in real estate in September 2020.
Since then, Dylan has added seven units to his portfolio, six wholesales, one flip, and three agent sales.
Helping pharmacists and pharmacy owners make a profit is Dr. Lisa Faast’s passion and mission. She firmly believes in diversifying revenue streams as a business owner and individual. More than ten years ago, Lisa started her first pharmacy business, which became very successful and positively impacted their community until she encountered some issues and had to close down. It was a traumatic experience for her, but now, she uses that experience to teach and help pharmacy owners make a profit.
For Lisa, the best place for patients in the community to get the pharmacy care they need is at that local, independent pharmacy, and the only way they will stay open is if they are profitable. So, it’s okay to make a profit! It is what pharmacy owners should be striving for. Hit the play button now for more valuable tips and advice on making a profit and diversifying your income streams!
Key Points from This Episode:
- How Lisa started as a pharmacy entrepreneur.
- She talks about a traumatic but learning experience when she had to sell her first pharmacy due to legal issues.
- What got her interested in real estate?
- Many pharmacy owners feel uncomfortable with making a profit, but Lisa believes that we should make a profit normal in pharmacy.
- She encourages diversifying revenue streams as a pharmacy owner.
- Currently, she owns several pharmacies and looking forward to adding more.
- Lisa also goes out of the world of pharmacy to learn what other industries are doing and brings those lessons and tips and tricks back to pharmacy.
- Lisa loves to help pharmacists on the business strategy side.
- What is Lisa’s advice to new pharmacists?
- Pharmacists need to understand the basics of and be best friends with marketing.
- How much money you make is directly related to how much money you can make for other people.
- Understanding your data as a pharmacy owner is like looking at a profit map – you would know exactly what to fix or where to go.
- Most pharmacists rely on prescriptions for revenue.
- Lisa shares her six pillars of pharmacy profit.
- You have to actively own your pharmacy.
- Lisa talks about her community and coaching program and services for pharmacists.
- To have a profitable pharmacy, you have to do the boring work. It’s what’s going to make the profit.
- What’s next for Lisa that she’s excited about?
Tweetables:
“Profit is not a four-letter word. You don’t have to be doing something wrong or illegal to make a profit. It is okay to make a profit.” [00:10:11]
“There’s a lot of things that we can learn from what other professionals are doing right or what they’re doing wrong.” [00:13:19]
“To be in charge of your own destiny, you have to become invaluable.” [00:18:31]
“Yes, we control our expenses, but what [I] really have the most control over is how much money I make.” [00:19:42]
Links Mentioned:
Lisa Faast on LinkedIn
Lisa Faast on Facebook
DiversifyRx website
DiversifyRx on Facebook
Lisa Faast’s email
Tell No One: A Novel by Harlen Coben
Bijou Condo worked as a registered nurse for a few years but shifted to investing in businesses and real estate. When she moved to England to study nursing, she didn’t have family or anyone to stay with, so she learned to live on a budget. That experience laid a good foundation for her to become a successful entrepreneur. She became passionate about real estate and financial freedom and worked hard to achieve her goals.
After college, she met Claude Condo, now her husband, who educated her about real estate investing. Together, they have scaled their portfolio and now own businesses and commercial real estate properties. They believe that focusing on just one investment is risky. You need to have multiple income streams. Their journey wasn’t easy initially, but their passion and consistency helped them overcome the challenges. Listen now to hear Bijou’s inspiring story and learn how you can achieve financial freedom and be successful!
Key Points from This Episode:
- Bijou Condo’s early years in Congo, Central Africa.
- Moving to England to study nursing.
- A change in mindset from becoming a nurse to owning real estate.
- Learning a hard lesson from her first opportunity to purchase a property.
- Meeting Claude Condo, who was already doing real estate at that time.
- Their first investment together was a commercial property.
- Bijou’s growth as an investor: when did she become comfortable investing in and managing deals?
- The importance of learning how to budget your money and the value of consistency to become a successful investor.
- The lessons they learned about working with lenders and brokers in their first few deals.
- Bijou and Claude’s current businesses and real estate investments.
- What’s on the horizon for Claude and Bijou Condo?
Tweetables:
“Slow is the new fast.” [00:18:53]
“Consistency is important. You have to keep going.” [00:30:03]
“You can never be sure of just one type of investment. You always have to be willing to learn and to change when you have to, whether it’s comfortable or not comfortable.” [00:39:57]
“I enjoyed practicing nursing, but I hated being dependent on a paycheck.” [00:40:24]
Links Mentioned:
Rx Real Estate Investment website
Condo Foundation website
Homestead Community Pharmacy
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today! by David Osborn
Claude came to the U.S. and worked as a pharmacist. Because of his persistence and hard work, he landed a job in the biggest pharmacy in the country. Claude was successful in his career but still needed to find additional income streams to pay his bills and support his family. He learned about real estate and decided to enroll in a coaching program.
Claude started investing in real estate and eventually left a flourishing career to start his own pharmacy business. He used his passive real estate income to boost and support it. Then, he transitioned from residential to commercial real estate while his pharmacy business grew. Claude believes that having multiple income streams is key to financial success. He shares his advice and strategies for pharmacists like him and everyone who wants to get a foot in real estate and get their first passive income source. Learn how to make your money work for you. Listen now!
Key Points from This Episode:
- Claude Condo’s childhood to teenage years in Congo.
- How and why Claude got into the path of pharmacy.
- What it was like to move to the U.S. in Maine at 23 years old and with no English.
- His persistence got him his first break as a pharmacist in the U.S.
- The role of his mentors in his success.
- His transition to Miami to work for CVS Pharmacy.
- What pushed him to look for another stream of income?
- How Claude got under Robert Kiyosaki’s coaching program.
- What attracted him to real estate?
- Claude talks about his first property.
- What happened to his pharmacy career as he was starting in real estate?
- What made him leave the biggest pharmacy in the U.S.?
- The strategies that worked for Claude when he started his pharmacy.
- How did he juggle a pharmacy and commercial real estate business?
- Claude’s first transition from residential to commercial real estate was an investment property in Johnson City, Tennessee.
- Claude’s biggest lessons in this journey.
- How has investing in real estate boosted his pharmacy business?
- What’s next for Claude?
Links Mentioned:
Claude Condo on LinkedIn
Claude Condo’s email
Rx Real Estate Investment website
Condo Foundation website
Homestead Community Pharmacy
Rich Dad Poor DadRich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
Dr. Myles Munroe Podcast
Welcome to the Rx Investor Podcast! My name is Jeff Stark, I’m an entrepreneur, small business owner, real estate agent, and I have over 12 years of experience in the advertising and digital media space. My co-host, Claude Condo, is a registered pharmacist, multi-store owner, ecommerce entrepreneur, and he’s been investing in residential and commercial real estate for over 15 years.
The Mission for the “Rx Investor” podcast is to help improve the lives and careers of pharmacists and other healthcare professionals by exposing them to the real-life stories of people who have been through the struggle and found massive success! We hope these unique stories provide inspiration and help propel you forward on your journey towards reaching financial freedom.
We’re going to share stories about pharmacists, doctors, surgeons, nurses, dentists, and other expert investors who have added new revenue streams, taken their businesses to unimaginable new levels, and achieved financial freedom … all so that you can learn and apply these principles to your own life and investing career!
We’re working really hard on expanding our library of educational content and resources, so please check out our company’s main website: rxrei.com …. And you can also go directly to therxinvestor.com to listen to our library of podcasts. We also have a growing youtube channel which you can find by searching for “Rx Real Estate Investment” or simply “the Rx Investor Podcast” on Youtube.
If you listen to one of our podcasts and learn a new concept, or plan on applying a new strategy PLEASE leave us a 5-star review and leave a comment letting us know how the episode impacted you. We LOVE hearing from our listeners and want to share your positive feedback with our growing community.
Be sure to SUBSCRIBE to the podcast so that you are notified when we drop new episodes which we plan on doing weekly! Lastly, if you know one other pharmacist or healthcare professional that could benefit from the concepts that we focus on in these episodes please share the podcast episode with them.
To all the “Rx Investors” out there - thank you so much for being here. We hope you love the show!