Doing Your First Wholesale Deal Before18, Getting Burned, and Recovering, with Ryan Phu

The Military Millionaire Podcast

Episode: 139

Ryan Phu

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Sponsor:

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

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Join your hosts, David Pere and Alex Felice, with their guest Ryan Phu, as they speak about how he got into dropshipping, social media marketing, and real estate, all before reaching the age of 18 years old. Despite the hesitation, lack of support, and all the challenges he and his family faced in life, Ryan shares how he perseveres in bringing himself towards financial freedom.

Ryan is tenacious above anything. All the more going into his first real estate deal at the age of 17 – a feat kids his age aren't on the same level with. But because he was a newcomer, the inevitable happened to Ryan. His lack of experience was taken advantage of. With that big spank on the butt, Ryan learned the importance of giving more time to every deal, having yourself a buyer's list, and being confident in yourself.

In this episode, the three discuss the values that last longer with real estate and what they recommend for every single first-deals. They also go down on the mindset that can help any player in real estate come out of a deal more successfully the next time they, like Ryan, create $200k of value out of thin air.

About Ryan Phu:

Ryan Phu is an eighteen-year-old entrepreneur from San Diego. He's involved with real estate and other ventures and has had his first ever real estate deal at the age of seventeen.

Outline of the episode:

• [02:24] Having to balance time and money at a young age.
• [05:05] Hustling early with dropshipping and social media marketing.
• [12:54] The everyday life of a student in dropshipping business.
• [16:03] It's not just Lamborghinis and Gucci trash bags.
• [20:06] On getting scammed: I didn't care if I was just 18.
• [28:32] Why look into the midwest?
• [31:40] What memorandum of affidavits allow you to do.
• [36:25] A big spank on the ass for a lesson learned.
• [39:00] On great thinkers and the first principle thinking.
• [41:48] When time is on your side, take risks and move along.

Resources:

Instagram: https://www.instagram.com/ry4nbiz/

The Miracle Morning Book by Hal Elrod:

https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710

Rich Dad Poor Dad Book by Robert T. Kiyosaki:

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Follow our journey:

Website: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

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Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.