Accomplish Anything in Life by Being Intentional, Creating a Plan, and Taking the First Step with Frank Macias
01/31/23 • 38 min
Are you graduating from college with a huge amount of student loans? Listen to Frank Macia’s story of how he got out of his student debt by being intentional, creating a plan, mitigating life’s expenses, and taking the first step toward his goal.
Because of his desire to achieve financial freedom, Frank explored other ways to earn more income. He discovered real estate and learned how to house hack and do short-term rentals. He experienced challenges along the way but he was able to get through them and learn valuable lessons. Listen now!
Key Points from This Episode:
- How Frank started as a pharmacist.
- Why he invested in real estate.
- His initial steps moving towards his vision and goal of financial freedom.
- How Frank's journey in real estate investing started.
- How he financed the lot he bought while still paying off his student loan.
- The setbacks of building a house from scratch and how Frank solved them.
- The advantages of getting a builder.
- Frank’s advice to pharmacists who graduated from school with a huge loan? Which should they prioritize – paying off their student loan or saving for an investment?
- The benefits of investing in real estate for a pharmacist.
- Why does Frank love house hacking?
- The tax benefits of real estate investing.
Tweetable:
“If you want to accomplish anything in your life, whether it’s career or financial goals, then you have to have some type of planning. You have to have some type of intentionality.” [00:10:06]
Links Mentioned:
Email Frank Macias
Frank Macias on Facebook
Frank’s Listings
Building an Investment Property with Frank Macias, PharmD
The Real Estate Robinsons
Gordon Ramsay’s podcast
STR Unfiltered podcast
The Short-Term Show
About Frank Macias, PharmD
Frank Macias graduated from Mercer University in Atlanta, GA in 2017 and worked as a pediatric pharmacist for Children’s Healthcare of Atlanta for 1 year. He moved back to Florida and worked full-time as a retail pharmacist and part-time at a pediatric hospital. Later on, he made the transition from retail to hospital. He worked as an evening staff pharmacist for about 4 years and transitioned to daytime.
As of now, Frank has been doing short-term rentals for half of the duplex and his initial single-family home since April of 2022. He self-manages the properties as they are on-site. Frank handles all the guest communications, listing management, pricing, maintenance and reservations while his wife handles the coordination of the cleaners, final inspections, supply ordering, and payroll.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Are you graduating from college with a huge amount of student loans? Listen to Frank Macia’s story of how he got out of his student debt by being intentional, creating a plan, mitigating life’s expenses, and taking the first step toward his goal.
Because of his desire to achieve financial freedom, Frank explored other ways to earn more income. He discovered real estate and learned how to house hack and do short-term rentals. He experienced challenges along the way but he was able to get through them and learn valuable lessons. Listen now!
Key Points from This Episode:
- How Frank started as a pharmacist.
- Why he invested in real estate.
- His initial steps moving towards his vision and goal of financial freedom.
- How Frank's journey in real estate investing started.
- How he financed the lot he bought while still paying off his student loan.
- The setbacks of building a house from scratch and how Frank solved them.
- The advantages of getting a builder.
- Frank’s advice to pharmacists who graduated from school with a huge loan? Which should they prioritize – paying off their student loan or saving for an investment?
- The benefits of investing in real estate for a pharmacist.
- Why does Frank love house hacking?
- The tax benefits of real estate investing.
Tweetable:
“If you want to accomplish anything in your life, whether it’s career or financial goals, then you have to have some type of planning. You have to have some type of intentionality.” [00:10:06]
Links Mentioned:
Email Frank Macias
Frank Macias on Facebook
Frank’s Listings
Building an Investment Property with Frank Macias, PharmD
The Real Estate Robinsons
Gordon Ramsay’s podcast
STR Unfiltered podcast
The Short-Term Show
About Frank Macias, PharmD
Frank Macias graduated from Mercer University in Atlanta, GA in 2017 and worked as a pediatric pharmacist for Children’s Healthcare of Atlanta for 1 year. He moved back to Florida and worked full-time as a retail pharmacist and part-time at a pediatric hospital. Later on, he made the transition from retail to hospital. He worked as an evening staff pharmacist for about 4 years and transitioned to daytime.
As of now, Frank has been doing short-term rentals for half of the duplex and his initial single-family home since April of 2022. He self-manages the properties as they are on-site. Frank handles all the guest communications, listing management, pricing, maintenance and reservations while his wife handles the coordination of the cleaners, final inspections, supply ordering, and payroll.
Connect with us!
Claude Condo on LinkedIn
Jeff Stark on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Previous Episode
Align Your Investment with Your Goals, Surround Yourself with the Experts in Your Niche and Get the Passive Income that will Empower You to Do More with Dr. Rachel Gainsbrugh
Dr. Rachel Gainsbrugh’s mission is to build a luxury short-term rental portfolio with as many women, mothers, and entrepreneurs as possible. Her goal is to generate passive income so she can have more time to spend with her family and passion. She believes in the importance of aligning her investments with her goals. So, after looking at all the investment strategies, she knew that real estate was the best vehicle for her.
Dr. Gainsbrugh wants to help women in healthcare learn how to invest because she wants to provide her fellow pharmacists with options so that they can have the confidence to say no to things they disagree with or don’t like to do. If you are seeking to invest in real estate or start your own business, take Dr. Gainsbrugh’s advice to surround yourself with like-minded people, learn, and seek help from the experts in your niche.
Key Points from This Episode:
- Dr. Gainsbrugh graduated with half a million dollars in student loans!
- Joining communities of like-minded people who are focused on paying off their debts helped her to get out of her loans.
- Having an accountability group would greatly help someone battling with debts.
- How did Dr. Gainsbrugh start to move towards investing in real estate and gaining passive income?
- What led her to invest in short-term rentals?
- It is crucial to align your goals with your investments.
- How to know if your goals and investments are in alignment.
- Learn to ask for help and lean on the information from experts in the specific niche you want to invest in.
- The lessons Dr. Gainsbrugh learned from her first deal that prepared her for the deals that came after it.
- Dr. Gainsbrugh touches on the regulations for HOAs.
- Dr. Gainsbrugh’s goal in 2023 for women in healthcare.
Tweetables:
“If your investment is not in alignment with what your goals are, that has to change in 2023. Rethink that in 2023. Alignment is so important.” [00:19:35]
“Just one investment that’s bringing in some income gives you a little bit of breathing room.” [00:28:18]
“When you surround yourself with investors who are all focused on accomplishing that goal of achieving passive income, that’s where all of the nuggets are gonna be found.” [00:31:48]
Links Mentioned:
Dr. Gainsbrugh’s website
Top 75 Cities for Short-Term Rentals in 2022
Who not How (book)
About Dr. Rachel Gainsbrugh
Born in Haiti, the poorest country in the Western Hemisphere, Dr. Rachel was driven to make a difference and not take her parents' sacrifices for granted. She graduated with a whopping $500,000 in student loan debt. She struggled, burned the candle at both ends, worked multiple extra hospital shifts to pay it off... until she discovered real estate and digital courses.
Fast forward to now, Dr. Rachel is a semi-retired pharmacist, Luxury AirBNB Real Estate Investor, Educator, Public Speaker, Podcast Host, Course Creator, Coach, and a mom to two boys 24/7!
Connect with us!
Claude Condo on LinkedIn
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
Next Episode
Investing in Commercial Real Estate with the Right Mindset, Habits, and Virtues with Tanh Truong
Our guest, Tanh Truong believes that the most valuable commodity anyone possesses is time. That is why he transitioned from his career as a pharmacist into becoming a commercial real estate investor. Tanh learned about real estate as he was taking up his Doctorate in Pharmacy.
Tanh came from very humble beginnings. They were immigrants to the U.S. and growing up he faced difficult challenges in his studies from preschool to pharmacy school. What mindset, habits, and virtues shaped Tanh and helped him overcome adversity and become successful? Listen now to find out!
Key Points from This Episode:
- Tanh Truong’s humble beginnings.
- The challenges he faced in his schooling as an immigrant.
- Why his parents placed a high value on education.
- How his parents afforded to send him to pharmacy school.
- How he became a full-time commercial real estate investor.
- Tanh Truong’s mindset and habits that helped him get out of a poor background to become a successful investor.
- How Tanh started acquiring small multifamily properties.
- How the residential assisted living model helped him to scale faster.
- How Covid affected his business plan.
- Why he transitioned to commercial real estate.
- Tanh’s advice on how to reach $5 million.
- How Tanh finds good business partnerships.
- The habits and virtues that are the most impactful for him in his investing journey.
- How Tanh found his mentor by providing value.
- What does Tanh enjoy the most now and what are his goals for the future?
Tweetables:
“Learning is one thing but putting it into action is another.” [00:16:46]
“Your foundation has to be the strongest. You have to understand what you’re getting into. If you don’t understand what you’re investing in, you should not be investing in it.” [00:24:34]
“Integrity and transparency are, probably, two of the biggest characteristics that you can have, two of the strongest when it comes to operating a business.” [00:32:45]
Links Mentioned:
About Tanh Truong
Tanh Truong is a former pharmacist turned full-time commercial real estate investor. He is the founder of Proton Capital and now controls over a quarter million square feet of commercial space. A thoroughbred of Cincinnati, he invests in high-yielding assets and higher-yielding relationships. Aside from investing, Tanh is a connoisseur of finance with a macro focus, a foodie, and an aspiring author.
Connect with us!
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Connect with us!
Jeff Stark
Claude Condo
Newsletter
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