From Pills to Properties: A Pharmacists Journey to $10MM in Rentals
Tejas Gosai
RE Fund Manager | LVPEFUND.COM | $400MM/3000+ Units Closed | REI.MBA Podcast Host
In the realm of real estate, where the landscape can seem as vast and daunting as the Arizona desert, finding the right path forward can be a challenge. Yet, in the midst of uncertainty, there are those like Stuart Gethner, RPh who illuminate the way, guiding aspiring investors through the maze of opportunities and pitfalls. In a recent episode of Real Estate Investor MBA, Gethner shared insights gleaned from his journey from pharmacist to real estate guru, offering a roadmap for those seeking to build wealth through property investment.
Gethner's tale is one of transition, from the traditional world of pharmacy to the dynamic realm of real estate. As he recounted his journey, it became evident that his foray into real estate was not just a career shift but a realization of a lifelong dream. "I couldn't make it in Major League Baseball, so I became a pharmacist," Gethner quipped, reflecting on his family's lineage of pharmacists. But it was a chance encounter with a hospice nurse that sparked a revelation—a realization that life is too short to live for someone else. Thus, armed with determination and a newfound sense of purpose, Gethner ventured into the world of real estate investing in 2012, never looking back.
For Gethner, the key to success lies not in adhering to a single strategy but in taking that crucial first step. "There's no real right or wrong in real estate," he remarked, highlighting the diverse avenues available to investors, from wholesaling to flipping, buy-and-hold to the BRR method. What truly matters, according to Gethner, is simply getting started.
As the conversation delved deeper, Gethner shared his wealth of knowledge, shedding light on strategies like lease options and seller financing, which have been instrumental in his own success and that of his clients. Through anecdotes and practical advice, he demystified concepts like subject-to financing, emphasizing the importance of seizing opportunities and thinking creatively in the pursuit of real estate deals.
But perhaps the most valuable nugget of wisdom Gethner imparted was the importance of mindset. "You almost have to try in real estate to lose money," he asserted, underscoring the resilience and adaptability required to thrive in the industry. With an optimistic outlook and a willingness to learn from both successes and failures, aspiring investors can navigate the ever-changing landscape of real estate with confidence.
As the conversation drew to a close, Gethner left listeners with a simple yet profound message: "Find someone that can hold your hand...and make sure that they keep you out of harm's way." In a world where uncertainty looms large, having a trusted guide can make all the difference, transforming obstacles into opportunities and paving the way for success.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
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