I Interviewed a Pharmacist With 90 Rental Units
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- čas přidán 21. 07. 2024
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Have you ever met a Pharmacists with a multi-million dollar net worth? Well, in this video, I speak with a Pharmacist that has managed to accrue 90 rental units over the last 6 years and he's doing it all on his own!
Listen to his story of why he decided to become a pharmacist and how his career choices have propelled him closer to his goal of reaching financial independence.
Follow him at / @stevendnguyen
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Thanks for having me on to share my journey to 90 units !
Hello, I don’t want to be rude, but if you have 90 units why didn’t you quit your job? Just asking? I don’t want to come off as rude just curious.
He talks about it in the video.
It was great talking with you! So thank you for reaching out to me!
Awesome interview!
@@rjsmusicstudio4716 I feel like maybe rental properties are one of the more passive investments and he still has a lot of time and doesn’t wanna lose 180k keep making that money maybe venture off into other business opportunities that could possibly make more then his salary and require more attention or he just likes the stability of a job
new subscriber here. Licensed pharmacist, but dropped out of my specialization program and planning to pursue Nursing this semester
This channel is a gem
Thank you for the video Steven
great interview!!!! I'm a travel nurse and yes we work--8 days in a row for me! my assignment and I have a PRN job---BUT Respect and treat good travel nurse tenants like gold 🥳
Wow, sounds like you are definitely the type of Travel nurse he'd love as a tenant 😁. What state do you work in?
@@NursesToRiches Currently in SD-I text your videos to all my fellow nurses and techs! Thank you for your channel--You inspire lots of us!
How do you maintain a PRN job while travelling? At my former workplace we had to resign if we were to travel.
hello, when I travel I've been lucky to have extended my stay-11 months, so I picked up a PRN gig at a nursing home close to the hospital I work at, so every time I travel I always get a PRN gig-critical/acute/longterm whoever hires me@@healthbeets1519
This man is an absolute genius and very money-savvy unlike many pharmacists i know, me being one lol.
I graduated with 250k of student debt and made six-figures starting out so I decided to self-educate myself on personal finance since 2017. Sadly, pharmacy school doesn't teach us how to manage our finances, but pharmacy school does teach us to be life long learners!
I live for these interview videos!
Thank you! I'm glad you enjoy them!
This guy is amazing! Not many people are able to work that hard at a young age to get things set up so well. Very cool how he lays his investment plans all out!
I agree. Thanks so much for watching and leaving a comment!
Another great interview showcasing how to reinvest your money so your later days are easy
Thank you for this video I recently got accepted to pharmacy school and been also looking into real estate hoping to get in soon.
I really like what Steven's talking about. I should also be doing the same stuff here down under. There are cities like the big 3, Melbourne, Sydney and Brisbane which I can invest in. Thanks Steven and Jason. 🙏💵
So far he is my favorite. And Jason this is a THANK YOU for being generous with your information. And THANKS to all of these wonderful people willing to share what is changing people life.
Wow, thank you so much! I'm glad you enjoyed watching this episode and it means a lot to me when I receive comments like yours.
My pleasure.
I just graduated nursing school and I'm debating on getting my real estate license so I can better understand buying properties like this.
Most healthcare workers I've spoken with who own rental properties do not have a real estate license. So it's definitely not a requirement, as you can see from Steven's example in the video.
This is more like it! Great interview $$$. 👏👏👏
Yessss! We need more healthcare workers like this so I can interview them all 🤣
Best video I have ever watched, great content 👌
Wow, thank you!
This video is really educative
This guy is smart!!! I luv real estate as well:-)
I also househack a home in sacramento. Best thing I ever did! Able to live mortgage free and still be a full-time nursing student
That's what's up! You're setting yourself up nicely for the rest of your life.
As a FT Pharmacist that’s house hacking currently, thanks for this blueprint man.
Real estate intimidates me but you have truly inspired me to look into this haha thank you! 🎉😂
Wow wow wow. So much inspiration!
Thank you, I agree!
Thank you so much for this video! 30 year old nurse on a med surg tele unit of almost 7 years, did not travel during Covid 😢 and literally was making 80k a year for the last several years without assets. Just getting started on investing. Have been debt free since 2016. Jason you are wonderful- this brings me so much hope for the near future- going travel nursing and goal is to get into the ICU at Kaiser Permanente and work my butt off these next several years to build my real estate portfolio (also looking into stem cell therapy to fix my heart from Covid). Wish me luck on this journey to fire and to becoming a landlord!
Thanks a ton for watching and sharing your story! It's awesome to hear about your plans to travel nurse, get into the ICU, and build your real estate portfolio. And stem cell therapy for your heart? Wishing you loads of luck on your journey to FIRE and becoming a landlord. You've got this!
This was so good! He's still working while he can and maxing out on the free money aka the employer match benefits and tax benefits. Keeping that W2 that will help with new loans. This is good and still under 30? Wow! So good.
Great content as usual 💯🔥
Thank you so much! 🙏
I love these interviews, very inspiring! Keep up the good work and keep these kinds of videos coming! It’s also a good life lesson to stay motivated and keep grindin!
Thank you so much! It's good to see all of this positive feedback in the comments.
Great video! I’m investing in stocks but starting to save for a property down payment in the near future!
Thank you! You can do it, keep it up!
Hey, Great information n appreciate for ur efforts , whats the scope for Indian pharmacist n chances of pr
Great video! I'm a pharmacist as well following this same model currently on my second house hack! Wish you knew about PSLF and didn't spend all that money on your student loans. Could have used all that money to start investing earlier, but nonetheless you're still killing it!
Sadly, I worked for mostly for-profit hospitals so I didn't qualify for PSLF! As with all investors, I wish I started investing earlier.
Only 8% of PSLF applications get approved. He did the right thing! Never wait for anyone else to take care of YOUR financial obligations!
I'm coming for Bechlor of Nursing in USA (Michigan),
Watching your channel from Pakistan 💖
@jama ja currently I'm at central Michigan university but I'll transfer to California due to videos of this ♂️
Hi, whats the chance of indian pharmacist land job in USA
So when he raised on the rents in his apartment complex... how did his tenants react?
Great video as always
Thank you! 🙏
Knowing what you know now, would you have invested only out of state where cash flow is king or would you have still bought those properties in california where appreciation game is strong?
I still would buy the single family homes in CA where appreciation is strong as I can always 1031 exchange these into cash flowing apartment complexes out of state. I bought most my single family homes with 10% down since I was house hacking. With apartment complexes, the value is based on the net operating income / CAP rate so as you increase cash flow, it increases the value of the apartment complex. It is nice to have a balanced portfolio of appreciation and cash flow.
lol my bday is march 16th too, we also shut down then. Thank God were passed that
Damn what a way to celebrate a birthday, lol.
Whooow!! Where do you get all these folks from?
Thanks! They usually reach out to me after watching our videos.
Wow! So impressive!
I agree!
What life insurance do you have?
If i heard it right he said he also maximize his Roth IRA? 🤔.. Did he mention his Annual salary is $175,000-$250,000 in Pharmacy job? I remember i was told by the Tax preparer that I cant contribute to Roth IRA because my annual salary is morethan $150,000
You can contribute to a Roth IRA regardless of your income by doing what's called a Backdoor Roth IRA.
@@NursesToRiches I didnt know about that Back Door Roth IRA, I hate my accountant for making me feel that i should be careful in placing $6000 per year in Roth IRA because I am earning morethan 150k/year😥
You need a new accountant, lol. Better yet, get a tax strategist.
@@NursesToRiches Thanks for the info i should find a new accountant for next year
I think you should mention who this CZcamsr is that you bought a course from. It's best to expose these people and is your responsibility to do so
facts!
And I am much older and don't even have a job. Please reach out to me
Wow. 250,000 in 4 years
I know, right!
These thumbnails are awesome
Thank you! I love putting them together.
Wow 😮
❤️❤️
“They assume I’m rich…” um, sir….
good business plan but bad ethics.
How can I save money when I am not single. I have children
Budgeting
Can I have a loan 😂
LMAO, get in line.
Rent is theft. You need one house to live in, owning more than one should be punishable by being sent to a prison colony for LandLeeches, where you all have to rent from each other and see how long all your useful contributions allow your society to last. 😂
Another person taking advantage of poor people!!! Why is he not embarrassed? I would not want people to know I take advantage of other people that badly....
How is he taking advantage of anyone? The average rents in the area are $200+ more per month than what his units were renting for, which was around $500/mo. He renovated half the units and is bringing them up to market value. Every year going forward he plans to only increase the rent by $50/yr. If that's taking advantage of poor people then I guess you expect rent to never keep up with inflation.
@@NursesToRiches Well I will say he does better than many but me old renters constantly did not want to pay what I asked and their rent NEVER INCREASED THE ENTIRE TIME THEY LIVED WITH ME!!! So no the poor may see it his way but many of them resent price increases. They were only asked for $200 a month each while rooms at that time were going for $400 to $500 which many of my coworkers were paying!! Now if he were selling housing at 1/2 the rate in his area AND had no plans to increase rent for the first 24 months even without upgrades I would have nothing to say.
At the end of the day it’s business
@@rjsmusicstudio4716 Yeah but people don't like being taken advantage of. Making money requires exploiting others but the law also allowed for other stuff too.
I am sorry that is just greed; 90 rental units?
Greed? So what would you prefer he do with his OWN hard-earned money? He literally worked his butt off to become a licensed Pharmacist by the age of 23, paid off $250,000 of debt in 4 years, and has purchased all of these properties while providing housing to many, but you call him greedy?
@@NursesToRiches You're completely right it's not greed at all. All he did was simply took 90 units off of the housing market. Further added to the housing shortage and drive up costs. At the same time making home ownership even further out of reach for the average citizen. All while adding literally nothing of value to society. Not greed at all.
@@valentinesday7406he’s buying rental properties. It doesn’t take away housing…it was owned by a previous landlord. Those apartments were built to be rented and not owned.
I need to know how you did this because I just finished pharmacy school and recently got divorced and have 400k student loan debt. I feel so burned out now and not sure what to do. Can I schedule a call with you Steven. Or send me your LinkedIn
I dont like these videos unrelateable and it's a no brainer this guy making so much. You have to intentionally be irresponsible with money not to do what he's doing. If you brought surgeon on your show and said same thing mentioning he makes alot of money from real estate id say of course he makes more than half million a year. Same with this guy. You should only do nurses or respiratort therapist those are more relatable and gives us nurses hope