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Millionaire Mindcast

Full Time Pharmacist Replaces His Income With Room Hacking And Student Housing Real Estate Investments | Ryan Chaw

Millionaire Mindcast

Matt Aitchison Media, Inc

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 21 April 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today’s episode of the Millionaire Mindcast, host Matty A. interviews Ryan Chaw, a full-time pharmacist turned real estate investor who has built a student housing empire with 90 tenants and $50K/month in rental income. Ryan shares his journey from house hacking to scaling his portfolio, the unique strategies he uses to maximize rental income, and how he manages everything remotely with virtual assistants.

What You’ll Learn in This Episode:

  • How Ryan transitioned from a pharmacist to a full-time real estate investor

  • The student housing model that generates high cash flow

  • Screening and attracting responsible student tenants

  • Why renting by the room can significantly boost profits

  • How Ryan selects the best properties near college campuses

  • Leveraging virtual assistants to scale and manage properties

Resources & Links Mentioned:

Episode Sponsored By:

Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/

CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!

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FREE Financial X-Ray: Text  "XRAY" to 844-447-1555

 

Transcript

Click on a timestamp to play from that location

0:00.0

What's going on, guys? Welcome into today's episode. My buddy Ryan Cha is going to share his house hacking, room hacking, really his student housing model, very specific to student housing

0:22.7

and how he focuses on properties around college campuses and chops them up and, you know,

0:28.6

doubles or triples the income that you could generate just off of one tenant by renting to

0:34.0

grad students and really leveraging this niche strategy and how you can pretty much follow

0:39.4

the same model. I mean, we dived into how he analyzed these deals, how he screens tenants,

0:45.0

how he finds the right colleges, the right locations, how he manages these properties in-state

0:52.3

versus out-of-state. And really really his plan for scaling to 100 of these

0:57.4

things right now. He's got 14 properties, 90 tenants. And he started this out of a full-time job,

1:05.3

working as a pharmacist and really wanting to pivot to something that could slowly replace his income over time.

1:13.6

He did it much faster than he thought he would.

1:15.9

And I know a lot of people who are high income earners that, you know, know that they got to

1:21.3

find a path to financial freedom instead of just trading time for money,

1:25.3

diversifying some of that income into other real estate investments. And this is one great strategy that you can take a look at. So you're going

1:31.1

to get the full kind of soup to nuts insight from Ryan on his model, his strategy and how you

1:37.9

could potentially follow something very similar in your own journey. Let's go ahead and dive

1:43.5

into Ryan Chaw's episode.

1:46.3

Let's take a quick break in here from today's show sponsor.

1:51.1

If you got into real estate to build wealth and gain financial freedom, but unlike most

1:55.6

investors, you're just stuck in the grind. Maybe you're wholesaling or flipping houses, you're

1:59.6

managing rentals that are barely cash flowing. Then listen up. I've been there. Burnt out, stressed out, you name it, right?

2:05.3

Realizing that single family and scaling single family real estate, it's slow. It's exhausting.

2:11.4

And oftentimes it just doesn't move the needle financially in the way that you want it to.

...

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