In my recent book, The Doctors Guide to Real Estate Investing for Busy Professionals, I give a detailed explanation about how I was able to buy investment property with no money down. Questions came up about what is the optimum down payment for an investment property. Since my goal in acquiring property was to put it into my portfolio for the least acquisition cost, I didn’t calculate its optimal down … Read more
It’s a Business There are huge tax advantages to owning a business, and doctors today are losing those advantages as medicine transitions to an employment model. By starting a real estate business, you can get back some of those lost advantages that employees do not enjoy. Owning a single rental property means you have a … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
Tomorrow, Friday October 11th, the next book in my Doctors Guide series becomes available on Amazon. If you have wanted to get into real estate investing, but think you are too busy, think again. I spell out how I was able to be the manager of 64 rental units at the same time as I … Read more
There is a big misconception about real estate investing that is picking up steam. It is the idea that if you want to invest in real estate, you have to deal with all the aspects of managing the property. If the toilet is plugged, you have to fix it. If the roof leaks, you have … Read more
I read a Facebook post asking what people were doing about the recent market drop. As much as I watch the market (very rarely), I didn’t know the market had dropped until I read that comment. This question was raised on a site that is constantly teaching people that there is no way to time … Read more
I am often asked the question, “Is it better to pay down debt or invest?” It is uncanny how often this question comes up. This question is asked as if those were the only two options to choose from. I never hear, “Should I go on a three week trip to Paris or invest?” “Should … Read more
After taking a little breather from writing books, I’m at it again. Book #4 in The Doctors Guide series will be coming out this fall, titled, The Doctors Guide to Real Estate Investing for Busy Professionals (Who Don’t Think Real Estate is For Them). The book is currently in the hands of test readers and … Read more
(This week we have a guest post from Rick Pendykoski, who helps set up self-directed IRA accounts at Self Directed Retirement Plans, LLC. These accounts have more flexibility as to where you can invest the money than a typical IRA account. You can even invest the money in your new business or real estate venture. … Read more
I often hear people talking about their “investment” in gold. Then there are those who have a “diversified portfolio” and gold is one of their forms of diversification. I’ve encountered people who have $60,000 worth of gold bars in their home safe, in case of a major financial crisis. We all see the celebrities pitching … Read more
