Doctors Building Wealth

Latest Episodes:

Student Spotlight: You think you're too busy to build a rental portfolio? Try being Dr. Alisa Crim! Jun 30, 2021

Show notes

This is the very first of our Student Spotlight series where we interview students from our Zero to Freedom Course. The goal of this series is to hear about their real estate journeys with the hopes that their stories will inspire you to take action!

We couldn't have asked for a better guest than Alisa for our first student spotlight. She took our Summer 2020 course and immediately started taking action. Since taking our course, she has purchased two duplex and three short-term rentals!

And oh by the way, she is a full time pediatric gastroenterologist, medical director of IBD Center, mother with four children (two are autistic) and doing all of this alone because her husband is not involved (though he is very supportive!).

So if you've ever thought to yourself, how am I going to work a full time job and build a rental portfolio, think of Alisa!!

Get ready to be blown away, because you’re invited to our first Virtual Summit: Fast Fire to Freedom! It’s a FREE Summit by doctors for doctors—where doctors and their families can hear about real estate investing from colleagues and peers, instead of experts who are light years ahead of them

Register for FREE! (https://semiretiredmdvip.mykajabi.com/summit?cid=092a8c94-aae0-4cac-8207-51766b5f9fab), and secure your spot for this premier experience! Our 4-day virtual summit will leave you FIRE’ed up to take your real estate investing to the next level!

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

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The Beauty of Hidden Value Jun 16, 2021

Show notes

Hidden value or value add opportunities is one of our favorite topics!

Why? Because tapping into hidden value means more cashflow and forced appreciation!

In this episode we dive deep into a number of hidden value opportunities including:

Identifying under-market rents
Finding space for extra bedrooms or units
Creating storage units and work spaces
Billing back utilities
Lowering utility bills by becoming more energy efficient

These are just some of the hidden value opportunities we covered in this episode.

If you are going to separate yourself from the average investor, you are going to want to become good at spotting hidden value!

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Should I Invest for Cashflow or Appreciation? Jun 02, 2021

Show notes

If you're thinking about investing in real estate or even if you've bought a rental property or two, you've probably asked yourself this question: should I invest for cashflow or appreciation?

In this episode, we give you our take on this question and let you in on a little secret: we don't have to make that choice because we invest for both cashflow AND appreciation.

Here are the highlights of this episode:

Kenji has a lot of experience investing for appreciation so he shares what it "feels" like to gamble on appreciation, both when it goes your way and when it doesn't!
We share why we focus on investing for cashflow and what it "feels" like to own a portfolio of cashflowing properties.
We also share how it can be life-changing to have an alternative stream of income.
We explain the difference between market appreciation and a different form of appreciation called forced appreciation.
We explain how we can invest for both cashflow AND forced appreciation.

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Achieve Tax Free Wealth with Tom Wheelwright May 19, 2021

Show notes

Many accountants approach taxes as something to fear. You hear them saying that taking advantage of certain tax benefits will trigger an audit.

Tom and his team of accountants take the opposite approach. They view the tax code as a series of incentives and that it's their responsibility to help you benefit from these incentives and reduce your taxes.

In this episode, we cover a number of important topics:

How you're "dead in the water" if you're just a W2 wage earner. To be able to take advantage of tax incentives, you need to be a real estate professional or own a business
The importance of tracking hours for real estate professional status
The secret to approaching audits the right way!
We had an interesting discussion about the evolution of real estate professionals and what multi-million dollar real estate investors are doing differently than the average investor and what makes them successful

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

What's it like to be a Female CEO? May 05, 2021

Show notes

Ever wondered what it's like to be a female CEO of a multi-million dollar business?

In this episode, we sit down with Letizia to learn what it's like to run Semi-Retired MD as a female CEO.

What training/coaching have you implemented to help you in your journey?
What does a typical work day look like for you? Can you walk us through your routine?
What strategies do you use to balance being a mother and a CEO?
Have you ever encountered any stereotypes as a real estate investor or as a female CEO?
What's been the best part about owning and running a successful business?
What advice would you give to women who want to be successful leaders?

These are the questions she covered in this episode and more!

Check out the SRMD blog post on this podcast episode as well! SRMD Blog: https://semiretiredmd.com/podcast/

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

How to shelter your income using real estate with Chet Syverson Apr 21, 2021

Show notes

Are you a high income professional and paying too much in taxes? If so, this is the episode for you!

In this episode, we sit down with Chet Syverson of Curated Accounting to discuss all of the different ways high income professionals can shelter income.
For those following our blog, you know about Real Estate Professional Status (REPS), but there are in fact, several other ways you can shelter income without REPS.

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Stop and Think! Apr 07, 2021

Show notes

Have you ever wondered why so many people make poor investment decisions?

You might be surprised to learn that one of the main reasons is that that they don't take the time or space to stop and think.

When you encounter a new investment opportunity, most people can easily list all of the upsides. But how often do you stop to think deeply about the downsides? And how often do you then come up with a plan to mitigate any potential downsides?

In this episode, we go through a number of examples from students who have gone through our Zero to Freedom course. Here are a few of the investment decisions our students have asked us about:

You guys have liquidated your 401(k), should I do the same?
We just got the inspection report back on the property and it's a disaster! Should I run away from this deal?
The numbers on this property look great! What am I missing?

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Getting Ready for Tax Season with Amanda Han and Matt MacFarland Mar 24, 2021

Show notes

We are excited to welcome back Amanda and Matt to the show!

If you don't know about Amanda and Matt, be sure to check out Episode 4 where we interview them about the tax benefits of real estate investing.

In today's episode, we talk about the upcoming tax season. With 2020 being such an unusual year with COVID and the CARES Act, there are a lot of issues to consider.

We also discussed several more advanced topics that our students have encountered on their journey to Fast FIRE including:

What might happen to 1031 exchanges with the new Administration?
What is personal property and how does it impact your 1031 exchange?
The truth about audits
What are the tax consequences of forming a management C-corporation?

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Property Management Pearls with Chris and Linda Tighe Mar 10, 2021

Show notes

In this episode, we welcome Chris and Linda Tighe to the show. Chris/Linda are co-founders and owners of Pacific Rim Property Management. They manage three of our properties, which totals 61 of our units.

Some of the highlights of the show include:

What to look for in a property manager
The pros/cons of the different property management fee structures. They use a flat fee model so we discuss the benefits of this model.
We then got some pearls about self managing, for those who aren't going to use property managers
Given their military backgrounds, Chris/Linda have unique insights about how to serve this niche tenant population
Since they are in business together, like us and many of our students, we talked about working together as a couple in a business

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

Is it Better to Invest in Single Family Homes, Small or Large Multifamily Properties? Feb 24, 2021

Show notes

Have you ever wondered how to get started in rental property investing?

Should you start with single family homes, small multifamily properties or a large multifamily property?

The answer is, it depends!

There are pros/cons to each and it really depends on your personal preferences, your investment goals and the market you choose.

In this episode, we'll help you figure out how to answer this question for yourself by discussing the pros/cons of each.

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Looking to learn more? Check out some of our most popular content:

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

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