Grand Rounds - Passive investing in real estate with Dr. Steve Suh
Feb 5, 2024
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Dr. Steve Suh, co-founder of Left Field Investors, shares his experiences with syndications and real estate investing. He emphasizes the need for education before investing and the benefit of having a network of investors. The podcast explores investing in stable assets, tax breaks, and different types of income for physicians. It also discusses the formation and purpose of Left Field Investors, a group focused on educating and networking individuals interested in passive investing in real estate syndications.
Educate yourself before investing in real estate to avoid unnecessary losses.
Having a network of investors can provide valuable insights and learning opportunities.
Deep dives
Importance of a fair employment contract
To have a successful career as a physician, it is crucial to have an employment contract that supports your needs. Most contracts initially favor employers and may not include favorable terms for you. Before signing, ensure that your salary, bonuses, time off, and other terms are fair.
Benefits of data-driven decision-making
Access to live salary data can help physicians ensure they are being paid what they deserve. Tools like Resolve provide verified data based on real contracts, giving insights into earnings in different specialties. With this data, physicians can confidently negotiate for fair compensation.
The value of working with experienced attorneys
When reviewing employment contracts, it is beneficial to work with experienced attorneys who specialize in physician employment agreements. These attorneys consider your priorities, address concerns, provide suggestions, and help strategize for negotiations. They can even negotiate with employers on your behalf, ensuring you sign with confidence.
Benefits of syndication investing for passive income
For busy physicians interested in passive income, syndication investing in real estate can be a great option. This approach allows for diversification and cash flow opportunities. Boring asset classes like apartment complexes, self-storage, industrial triple net leases, mobile home parks, and even ATM funds provide attractive cash flow potential and tax benefits through depreciation losses.
This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up!
Dr. Steve Suh is a co-founder of Left Field Investors and author of "Avoiding Rookie Errors as a Left Field Investor." He shares his successes and mistakes with us today about syndication and real estate investing.
He encourages everyone to educate themselves before investing to avoid unnecessary losses.
He also talks about the benefit of having a network of investors around you to learn more about your interests. You can learn more about syndications and real estate investing at www.LeftFieldInvestors.com.
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Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
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Listen to the best highlights from the podcasts you love and dive into the full episode