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Building Passive

Income Through

Real Estate

by Brian K. Wright

I had the honor of interviewing Stuart Gethner, and we discussed how he got started in real estate investing,
what a great deal looks like, and who he likes to partner with.

Brian: Welcome, Stuart, great I hoped to have enough gas to get So, I went looking for the easiest
to have you here! You do real home. When we got to the Squaw way to create passive income.
estate investing, but your past Peak freeway and Camelback, the Passive income does not mean
life consisted of you being a yellow light on the gas was no no work. But it means that I could
pharmacist. Tell us about that and longer flashing, it was now solid. still work as a pharmacist and
how you pivoted to real estate Now I knew I needed to get some then generate income while I’m
investing. gas. sleeping, while I’m on vacation,
and while I’m filling prescriptions.
Stuart: In my previous life, I was I pulled into 7-11 at 32nd Street And to me, it became real estate.
a pharmacist. My daughters were and Shea and hoped there was still
eight and six, and I was going room on my Discover card for gas. I educated myself as much as I
through a divorce. My ex got the I put the credit card in, then pulled could on real estate investing, and
MasterCard and I got the Discover it out. I remembered that my gym here I am today.
card. bag was in back seat, and I knew
I had a few dollars in there in Brian: What does a good deal
Every February, we’d go to the case my Discover card would be look like?
Renaissance Festival and I knew my rejected. Thankfully, the pump
Discover card was up against the said accepted. Stuart: We look at deals that
limit. So, I bought tickets at Fry’s, create positive cashflow. Good
and when we got there, we had I didn’t know when I’d have money deals right now are single family
those giant turkey bones, drank to pay the Discover bill down, so residences, condos, vacation
water, and got henna tattoos. I decided I would top it off. After rentals, and multi-family where
a click, I squeezed it some more we try to make between $300 and
While we were on our way home and all of a sudden, the thing back $500 a door.
to north Phoenix, we were on the splashed. I had gas all over me.
60 freeway and I noticed that the For example, if it’s a fourplex, we
yellow light started to blink on my I thought to myself, “Pharmacists want to make between $1,200
gas gauge. do very well for themselves, but I to $2,000 per month. Positive
maxed out my credit cards—there’s cashflow is important.
got to be a better way.”

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