Is Real Estate Bad for Doctors?

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey tackle the hype around real estate investing for physicians. Despite years teaching personal finance, Jimmy reveals he owns zero real estate—and explains why that’s intentional.

The duo explores the four major reasons real estate isn’t the right fit for Jimmy:

It’s a Second (or Third) Job – With a busy career in medicine and financial education, Jimmy isn’t interested in managing properties or even managing property managers.

Illiquidity – Tying up large chunks of money in illiquid deals (like syndications) doesn’t align with his need for flexibility.

Tax Complexity – Real estate’s tax benefits can come with audit risks and a need for specialized accountants—adding more layers to an already complex financial life.

FOMO (Fear of Missing Out) – Too many doctors get lured in by hype and peer pressure, not by sound financial strategy.

Justin adds insights from his financial planning practice, noting generational differences in attitudes toward real estate and highlighting the dangers of chasing "sexy" investments without considering your goals and risk profile.

Plus, Jimmy plugs his Beginner’s Guide to Bitcoin for Busy Doctors, available at moneymeetsmedicine.com/bitcoin.

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