Episode 51: How to Build Wealth Through Real Estate, Private Lending & Retirement Accounts

In this episode of the Get Wealth Show, Michael Hoang sits down with Shinyi Telscher, a pharmacist, real estate investor, private lender, and host of the Purpose Driven Investment Podcast, to discuss building wealth through real estate and making smarter investment decisions.Shinyi shares how she started investing in 2019 while working as a hospital pharmacist. After reading Rich Dad Poor Dad and learning from BiggerPockets, she purchased her first rental property and began exploring different investment strategies, including buy-and-hold properties, fix-and-flips, and private lending.Michael and Shinyi also discuss how beginners can get started by finding distressed properties, identifying motivated sellers, and working with experienced investors who know how to close transactions. They emphasize the importance of solving real problems, protecting sellers, and making offers you can actually fulfill.The conversation then explores private lending, including how Shinyi evaluates borrowers, protects her investments with collateral, and prepares for worst-case scenarios. She also explains how she uses a self-directed solo 401(k) to invest retirement funds into real estate-backed loans while maintaining the account's tax advantages.Beyond investing, Michael and Shinyi discuss using rental properties to help fund children's future education, the importance of financial literacy, and how negotiation skills can create opportunities in both business and everyday life.Chapters00:01 – Meet Shinyi Telscher00:40 – Shinyi's Real Estate Investing Journey01:27 – From Rental Properties to Commercial Investing02:47 – Investing in Multifamily and Mobile Home Parks04:40 – Why Shinyi Prefers Investing Her Own Money First06:58 – How Beginners Can Find Their First Real Estate Deal08:38 – The Importance of Having a Reliable Buyer09:42 – Avoiding Risky Deals and Protecting Sellers11:01 – Understanding Pre-Foreclosure Transactions11:50 – Finding Problems That Real Estate Investors Can Solve14:43 – From Hospital Pharmacist to Real Estate Investor16:02 – How Rich Dad Poor Dad Changed Shinyi's Mindset16:59 – Shinyi's Journey From Taiwan to the United States20:57 – Shinyi's Private Lending Investment Criteria21:11 – Understanding the Risks of Private Lending23:12 – Why Lenders Must Prepare for the Worst-Case Scenario23:35 – Using a Solo 401(k) for Private Lending24:42 – Understanding Retirement Account Rollovers26:13 – Self-Directed IRAs and Real Estate Investments28:01 – How Shinyi Manages Her Retirement Investments29:48 – Moving Retirement Money From Wall Street to Main Street31:04 – Using Real Estate to Fund Children's Education32:56 – Books That Changed Shinyi's Life33:40 – Learning Negotiation From Never Split the Difference35:02 – Applying Negotiation Skills in Everyday Life36:46 – Shinyi's Free Real Estate Underwriting Resources37:21 – How to Connect With Shinyi38:06 – Final ThoughtsDownload your Free Resources nowAccess Michael Hoang's free real estate and business resources:https://linktr.ee/michaelbesomeoneConnect With Michael HoangHost: Michael HoangPodcast: Get Wealth ShowInstagram: @MichaelBeSomeone