Doctors Building Wealth

Many are confused about the difference between STR loopholes and REPS. While both have tax advantages, they are very different. In this episode, we take a deep dive to compare the two. Find out which may be most appropriate for your situation. (Some investors even get both!) Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

As a one-man show, John Brauc at one time amassed an empire of 1,000 rental units. He once purchased a distressed property for only $50k that the bank had on the books at $4.5M (a 99% discount!). John has also gotten hundreds of thousands of dollars in FREE repairs and renovations. In this episode, John holds nothing back and spills all the dirt, telling listeners exactly how they can do all the same things he has done.  Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! _________________________________________________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog   Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll. For more DBW, Semi-Retired MD, and content from Leti & Kenji, follow us on your favorite platform. Semiretiredmd.com Leti IG Kenji IG SRMD FB SRMD IG Youtube Follow this link to listen or listen on Apple Podcasts, iTunes, Spotify, or Stitcher! Don't forget to share with a friend and leave us a review on the iTunes app if you enjoyed it! Be part of the conversation! Follow our general Semi-Retired MD Facebook page and then join our physicians or READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

Ever wonder how real estate investors generate enough losses to shelter their income? By maximizing tax write-offs! In this episode, we cover the most common expenses you can write-off as a real estate investor. Things like: Writing off a car for your real estate business What you can write-off when you're traveling with your kids to work on your property What you can write-off before you buy that first rental property We even cover topics for the advanced investor, for example: The difference between an expense and a capitalized expense and why you would want one over another Limits on how much you can write-off of your W2 income Caps on the losses that you roll over year after year If you want to maximize your tax efficiency, you won't want to miss this episode! If you'd like to work with Nick Aiola, you can reach out to him at https://semiretiredmd.com/ailoa  Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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 pREADY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

Is your intimate relationship a source of happiness or joy? Or is it a source of sadness or frustration? How do you make it work with your intimate partner with kids, a busy career and to top it off, building a real estate empire (as many in our community are doing)? In this interview with Dr. Kate Mangona, we delve into topics and more! Kate Mangona is a pediatric radiologist and founder of Medicine, Marriage & Money (MM&M). Through MM&M, she is helping physicians achieve marital and financial success. Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

We are excited to share an exclusive interview with J Scott from our 2022 Fast FIRE to Freedom Summit, which was held in August 2022. J has a wealth of real estate experience and is the author of several books, including Recession-Proof Real Estate Investing and The Book on Estimating Rehab Costs. J and his wife started investing in 2008 and flipped over 400 homes between 2008 and 2016. After years of house flipping, he transitioned to investing in large multifamily properties. This move was prompted by his study of economic cycles. He realized that flipping houses or "transactional real estate" as he called it, wasn't a good investment during a downturn. On the other hand, multifamily investing, more specifically, cashflowing multifamily properties is what he found to be a great asset class to be in during a downturn. This interview is packed with learning pearls and lessons. One of the biggest lessons he learned was not paying attention to taxes early on in his career. One of the benefits for new investors is that you can learn from other people's mistakes! The lesson here is, lower your tax burden as soon as possible so you can grow your money faster with compounding. As you know, here at Semi-Retired MD, we focus a lot on helping doctors and high-income professionals lower their taxes with cashflowing rentals. If you want to learn more, here are two strategies you can use: Real Estate Professional Status and Short-Term Rental Tax Loophole. If you're interested in investing in a real estate syndication and you want to be notified about future deals, email us at syndications@semiretiredmd.com Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog Be part of the conversation - follow our genREADY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

Do you feel the fear in the streets? Whether or not we are in a recession (some say we are, some say we aren't), there's no question that the current environment (inflation, rising mortgage rates) has struck fear in the hearts of many real estate investors. So what are we doing? We're going to continue doing what we've always done. We're going to continue to buy great deals. As Warren Buffett said, "be fearful when others are greedy, and greedy when others are fearful.” So this is the time to push through the fear, have courage and not just survive, but thrive! In this episode, we're going to share 10 tips for investing during a recession. This episode is based on Kenji's decades of real estate investing and investing through three downturns. Here are the links to our cash-on-cash (COC) calculators that we mention during this episode: Long-term rental COC calculator: https://semiretiredmd.com/coc Short-term rental COC calculator: https://semiretiredmd.com/strcalculator Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll. __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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 READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

In this week's podcast, we follow the journey of Shama and Sipra, sisters-in-law and now co-founders of an exciting new start-up called LunaJoy. Their origins in business actually started with real estate through our Zero to Freedom course. Shama stumbled upon our course in the midst of the COVID pandemic and this lit a fire under her, acquiring a total of 13 doors in a short period of time and claiming real estate professional status in 2020 and 2021. From there, Sipra also got into real estate investing. It was this experience in real estate and the mindset work in the course that spurred them to start LunaJoy and build it into an 8 figure business! Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll. __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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 READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

In this episode, we interview Katrina Ubell and learn about her journey of transitioning from being a full-time physician to becoming a successful entrepreneur. Katrina Ubell is a pediatrician who worked in a private practice for over 10 years. She is now a certified life and weight-loss coach who has successfully helped over 1,300 physicians overcome/solve their weight-loss dilemmas. Growing up, owning a company, or starting a business was never in the picture for her. Katrina doesn't have any business background, but she grew interested in becoming an entrepreneur after catching just a glimpse of it. When she was in medical school, her body weight became an issue for her. Over the course of her training, she kept gaining and losing weight and could not figure out a way to lose the weight and keep it off. As she was approaching the age of 40, she did a life reevaluation. It was then she discovered life coaching and it changed her perspective entirely. It helped her to understand why what she was doing before wasn't working, and what she needed to change moving forward. 2016 was a pivotal year for her. She was able to lose the weight she had been struggling with for years, but still, she wasn’t entirely fulfilled. She was feeling trapped in her medical practice and wanted to try something new while assisting her clients in getting results. She attended various webinars and courses where she learned how to run a business. That was her stepping stone in terms of broadening her base of understanding and building out a foundation for herself. It became a snowball effect from there as she felt empowered by helping others reach their weight-loss goals. Everything happened gradually. At first, building a team and learning how to manage and lead people, were not among her priorities. As she ran her business, she started hiring people -- sharing ideas and building things together. Even when she had people helping her out with the technical side of the business, Katrina was still attending courses herself. With first-hand experience, Katrina now teaches her students to trust themselves and their intuition. She strongly believes "it's not always the experts that know everything, you know a lot more than you give yourself credit for”. Though things looked like it was smooth sailing for her, Katrina still had her rough times. There were things that just didn’t work out well for her. She says, “Entrepreneurship was amazing and difficult at the same time”. She hired a publicist as she was working on  attracting a literary agent for promotion - to get a book deal. This was towards the end of 2020, and without getting into more detail, Katrina and her team did not do their dueREADY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

Short-term rentals (STRs), also known as Airbnbs or vacation rentals have become increasingly popular over the last few years. This interest spiked during the COVID pandemic, and despite a recent slowdown, interest continues to be strong in the post-COVID era. We have seen the same trend in our groups. Three years ago, very few in our community were talking about STRs. Now, we see the vast majority are planning to add at least one STR to their portfolio over the next few years. Why such a high, almost frenzied level of interest? One reason is the potential for high cashflow. It’s not unusual for a single STR to cashflow $50,000 to $100,000 when you self-manage. Short-term rentals also give high-income professionals a way to shelter their income while continuing to work full-time. Real estate professional status requires that you spend more time in real estate than your current profession, so it is not an option for those who choose to work full-time. These are just a few of the many reasons why so many high-income professionals are investing in STRs. With so many great benefits, it’s not hard to see why there’s so much interest in short-term rentals. However, when it comes to investing, you can’t just focus on the upsides, you HAVE TO carefully think through the downsides. Otherwise, there’s a considerable risk that you lose money! This is one of the main reasons we created our course, Accelerating Wealth. We wanted to ensure that members of our community limit their mistakes and avoid falling into the common short-term rental traps. If you want to learn more about the course and how it can help you accelerate your wealth, be sure to READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!

In this episode, we wanted to address a topic that we hear a lot about in our community: Is real estate asset protection worth it? On one side, we have those who feel that insurance-alone is enough to protect you. They also believe that these asset protection strategies are simply money-making schemes and don't really afford you any additional asset protection. On the other side, we have those who don't think insurance is enough. They feel the need to add an additional layer of asset protection so they can sleep better at night. So what's the right answer? Be sure to tune in to find out!   Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode! Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll. __________________________________________________________ Looking to learn more? Check out some of our most popular content: Join the waitlist for our flagship course, Zero to Freedom Take our quiz and see if real estate is right for you Learn from more great content on our blog 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, advisorREADY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move. RESOURCES + LINKSWork w/ SRMD: HEREJoin our FREE Facebook Groups: HEREFOLLOW + CONNECTConnect with SRMD: Website | Instagram | FacebookLiked this episode? Share it on social and tag me @semiretiredmdLove the show? Leave a 5-star review and let me know!