Real estate investors Victor Mangona, Jordan Frey, Mamta Kumar, and Christina Kang share their journeys and experiences in real estate investing. They discuss their initial steps, overcoming hurdles, and the importance of taking action. They also highlight the value of trust and community support in making investment decisions.
The panelists emphasized the importance of taking the first step and overcoming the fear of failure in order to achieve success in real estate.
Real estate investments provide financial security, personal growth, flexibility, and freedom for physicians to choose whether or not to continue working in their clinical practices.
Deep dives
Panel Discussion: How I Got Started in Real Estate
In this panel discussion at the PIMDCON2023 conference, Victor, Monta, Jordan, and Christina share their inspiring stories of how they got started in real estate. Victor, a radiation oncologist, started with his own condo and focused on buying cheap properties that would cash flow well in the future. Monta, an internal medicine physician, turned to active land investment, flipping land for quick profits to replace her clinical income. Jordan, a plastic surgeon, invested in properties in Buffalo, New York, focusing on affordable housing and aiming to eventually replace his clinical income. Christina, a cardiologist, found inspiration from events and conferences, eventually investing in small multifamily properties and participating in passive multifamily syndications.
Overcoming Fears and Mistakes in Real Estate
During the panel discussion, the participants also discussed the fears and mistakes they encountered during their real estate journeys. They emphasized the importance of taking the first step and overcoming the fear of failure. They also shared some of their own mistakes, such as underestimating capital expenses, not focusing on one investment strategy, and getting caught in analysis paralysis. However, they highlighted that learning from these mistakes and continuously improving is key to achieving success in real estate.
The Impact of Real Estate on Their Lives
The panelists shared the positive impact that real estate investments have had on their lives, careers, and financial well-being. They mentioned the empowerment that comes from having multiple streams of income and the ability to choose whether or not to continue working in their clinical practices. They also appreciated the flexibility and freedom that real estate investments provided, allowing them to spend more time with their families and pursue other interests. Overall, they expressed gratitude for the financial security and personal growth that real estate has brought into their lives.
Advice for Beginners
The panelists concluded the discussion by offering advice to beginners interested in real estate investing. They emphasized the importance of taking action and setting deadlines for investing. They encouraged aspiring investors to start with low-risk opportunities, such as passive real estate syndications, and to trust the numbers when evaluating investment opportunities. Additionally, they stressed the significance of having a clear vision and goals, as well as seeking guidance and support from experienced individuals in the real estate community.
In this episode, Dr. Peter Kim unfolds the real estate investing journeys of Victor Mangona, Jordan Frey, Mamta Kumar, and Christina Kang. Tune in to know their initial steps, the hurdles they overcame, and how these experiences have shaped their lives.
Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD.
DLP Capital brings this episode to you...
DLP Capital is a private real estate investment and financial services company focused on marketing and IMPACT by acquiring, developing, and building relationships, housing, leaders, and organizations.
As a high-growth IMPACT investor, they focus on leveraging capital with real estate-backed investments to build wealth and prosperity for all our members, investors, clients, and partners. Through the Elite Execution System and the company’s exclusive membership platforms focused on business scaling, investment housing, family, and wealth... DLP Capital impacts lives by empowering its clients to choose, create, grow and preserve prosperity.