In my previous post, I shared some of the worst financial decisions I made in 2019. To summarize, I know I’m not perfect and will definitely make mistakes. However, I’m happy to take those mistakes and learn from them. Mistakes, after all, can lead to growth. As an appropriate follow-up to that post, I thought […]
We seem to get a ton of questions on Passive Income Docs about how to start investing in real estate. It can initially be a very intimidating venture. I remember when I started with a $5,000 investment in a crowdfunded deal. It was downright scary. I’ll be honest, I didn’t have a great grasp of […]
What comes to mind when you read the words “rental property?” For me, it’s pure excitement. In those two simple words, I see opportunities just brimming with potential. It’s no secret that I believe that owning property is one of the best ways to develop long-term and generational wealth. It can be a great source […]
If you’ve ever thought about investing for passive income, you’ve probably already considered investing in real estate. Just about anyone currently investing in this asset class will tell you it’s a good idea – and with good reason. Like me, many of you probably know doctors who have been quite successful in this area, and […]
One question I get asked a lot is, “Is it better as a doctor to invest in single-family rentals or multi-family properties?” The truth is that there’s no perfect answer and so that’s why I invest in both, but for different reasons. Here are some Pros and Cons: Single Family Residences or SFRs Pros More […]
Editor’s Note: The following is a guest post by Dave Denniston, a Certified Financial Analyst, author, and voice of the Freedom Formula for Physicians Podcast. I always feel it’s beneficial to hear different perspectives, so I asked him to share some of his personal experiences in my favorite arena of investing, Real Estate. I’ve been […]
Overall 2016 was a fantastic year. Just like any other years there were ups and downs, however I’m healthy, my family is healthy, I still have a good source of income, and my investments overall did well, so I can’t complain. However, I think it’s still important to reflect on the past year to […]
If you’ve read anything at all on this website, you know that as a doctor, I’m always looking for opportunities to grow my passive income streams. I’ve discovered many ways of doing this, but I must say that one of the best ways I’ve found is through the direct ownership of real estate. However […]
As physicians, we’ve all felt the crushing weight of the almighty student loan. Some have felt it more than others, perhaps, but a vast majority of medical school graduates wonder if they’ll ever pay their loans off. In fact, according to the AAMC, the average medical student leaves school with $183,000 in student loan debt. […]
There is a physician that I know, Dr. C., who is well known to be a very savvy real estate investor. Everyone thinks he lives the good life, and he’s at the age that most doctors start thinking about retirement. In one of our conversations, he let me know he had technically retired years ago, […]
