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January 31, 2023 38 mins

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!
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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
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