Your Financial Pharmacist

YFP Real Estate Investing 49: Scaling Big from a Single Family House with the Flying Investor

Broadcast on:: 19 Mar 2022

Drew Wiard, The Flying Investor, discusses his prolific success in real estate investing, scaling from single family homes to multi-million dollar syndication deals.

Key Points From This Episode

Jumping in with Drew Wiard's background and real estate career.
He shares the 'why' behind his prolific success.
The stepping stones that took him from one house to multifamily syndicated deals.
The focus of his first few years and the type of unit that became his bread and butter.
What drew him to commercial property and what got easier (and more difficult).
Pushing back on the fear that real estate will eclipse everything in your life.
The differences between being a real estate operator or an investor.
Specific areas that Drew found success in as a more passive investor.
The importance of reaching out to your local REIA.
Why making mistakes is good; you can adapt in real estate in ways you can't in pharmacy.
Syndication and Drew’s approach to this kind of collaboration.
Hear about the 163 unit project he just finished in Phoenix.
Drew shares how he got started with acquiring bigger funding and what to avoid.
How Drew deals with risk management at scale.
How buying more houses mitigates risk rather than increasing it.
Why playing 'feel' estate is a recipe for disaster.
Drew explains his persona: The Flying Investor.
His top strategy to make investing work hand-in-hand with being a pharmacist and family man.
Daily journaling, habit-tracking, and his top advice if you're just starting out.

Links Mentioned on Today’s Episode