821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko

14 snips

Sep 21, 2023

Ryan Tseko, a former pilot, became a multimillionaire by his mid-30s through real estate investing. He shares his journey from house-hacking to managing one of the largest real estate portfolios. Learn about the challenges of long-distance investing, adding value to a team, and leasing 40 units in 40 days. Discover how Ryan transferred skills from flying to real estate and the importance of checklists. Plus, hear about getting your foot in the door and using social media for promotion.

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ADVICE

Save Creatively For Your First Down Payment

Save aggressively early and be creative to build down payments for properties.
Ryan saved about $10k a year and flipped a car to pull $25k for his fourplex down payment.

INSIGHT

Trading Time For Cash-Flow Motivation

Ryan realized trading time for money at the airline limited his future and pushed him toward cash-flowing assets.
He used rental cash flow to accelerate paying off $140k of student loans while keeping principal working for him.

ADVICE

Pitch With Immediate, Specific Value

When reaching out to high-profile operators, lead with clear, specific value you can deliver.
Offer to solve a concrete problem (Ryan offered to run an airplane/flight department and work free to prove himself).

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