Doctors Building Wealth

  Are you looking for a way to increase cashflow from your property but don't want to deal with the hassles of a short-term rental? Or maybe you are in a situation where the City or HOA instituted new regulations that prevent you from using your property as a short-term rental. Enter mid-term rentals. Mid-term rentals are furnished rentals that you rent out for somewhere in between a short-term rental and a long-term rentals. These are your 30, 60 or 90 day stays. Brian Payne, CEO and co-founder of Furnished Finder, specializes in helping you find tenants for your mid-term rental. This site is a well known resource among traveling healthcare professionals but maybe not as familiar to investors who own properties that could potentially be ideal for mid-term stays. So if you're looking for a way to increase your cashflow or get around those short-term rental regulations, consider a mid-term rental for your next property. Follow Brian Payne to learn more and connect below! www.furnishedfinder.com brian@furnishedfinder.com __________________________________________________________ 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, investmenREADY 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!

  Have you ever made an investment mistake that cost you tens of thousands of dollars? What if you could have avoided that mistake? How much better off would you be if you avoided that mistake? One way to avoid mistakes is to know about the ahead of time and that's what this episode is all about. In this episode, we summarize the top five mistakes we see investors commonly make and some of them, we've made ourselves! Follow us on your favorite platform! Semiretiredmd.com Leti IG Kenji IG SRMD FB SRMD IG Youtube __________________________________________________________ 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, SemiREADY 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!

  This is the next installment of our Student Spotlight series where we interview students from our Zero to Freedom Course. The goal of this series is to share their real estate journeys with the hopes that their stories will inspire you to take action! Dr. Ayush Gupta was a student in our Summer 2020 class and we have enjoyed watching him grow his real estate Empire. We wanted to interview Ayush because he is hacking his way to financial freedom. On the real estate side, he started out with a house hack. For those who don't know about house hacking, CLICK HERE to read about our house hack. He shares how he was able to purchase this property with an FHA loan and only putting down 3.5%! He also shares what it's like to live next door to your tenants as a physician. In terms of life hacking, Ayush shares a number of pearls. For example, he shares how he uses a VA to help him advance so quickly in his medical career. He also leverages a VA for helping him manage his real estate portfolio. Another example is that he is very diligent about documenting systems and processes. This helps him cut down the time that it takes to complete rehabs, for example. In this episode, we also mention a FREE download called: How to Use a VA to Grow Your Real Estate Empire To download this for FREE, go to: www.semiretiredmd.com/VA Follow Dr. Ayush Gupta to connect and learn more below! www.mdhousehacking.com Instagram: @MDhousehacking https://www.instagram.com/mdhousehacking/ __________________________________________________________ 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 toolREADY 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!

  Forced appreciation is one of the most powerful wealth building strategies for real estate investors. When most people think about appreciation, they think about market appreciation. This is a type of appreciation that occurs when the value of the properties in a market go up. As a result, you can't control whether the property value goes up or down. In contrast, forced appreciation is something you can control. It happens when you increase the income that a property generates. When you increase the income, property values go up. Forced appreciation works well for larger multifamily properties. When you increase the income that these properties generate, the value tends to go up. However, for smaller properties, we sometimes don't see a direct correlation between income and value. So our community often asks us, can you force appreciation smaller 1-4 unit properties? In this episode, we explore this question and more! Go to semiretiredmd.com/appraisal! Who do you want to see in the next episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!   Wait there's more...If you enjoy the Rich Doc Poor Doc podcast, check out our FREE real estate Crash Course training. Get exclusive, actionable advice and resources about creating financial freedom with real estate investing!    For more RDPD, Semi-Retired MD, and Leti & Kenji content, follow us on your favorite platform.   Semiretiredmd.com Leti IG  Kenji IG SRMD FB SRMD IG Youtube __________________________________________________________ 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 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!

  If you're new to our community, you probably haven't heard the news: we've become digital nomads! You might be wondering what that even means. Well, in late August 2021, we put everything in storage and packed the rest of our belongings into 22 suitcases and are now traveling as a family unit of 7 people around the world! In this episode we talk about the reasons we decided to embark on this journey. We also share some of the challenges of becoming digital nomads and how we are planning to address those challenges. Finally we share some strategies for how you too can make this a reality for you and your family. If you want to follow us on our journey, be sure to follow us on Instagram and YouTube. We'll be posting pictures and videos of our journey. Instagram: Kenji: https://www.instagram.com/kenjionthego/ Leti: https://www.instagram.com/letiziaalto/ YouTube: https://www.youtube.com/channel/UCibjmeDUNn568Egl5TppnPg __________________________________________________________ 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 iREADY 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!

  You've heard us talk about cashflowing rentals, but what about cashflowing pre-schools? That's exactly what Dr. Krishni Somaratne and her husband are doing - building an Empire of pre-schools! In this episode, you'll hear the story of how Dr. Somaratne bought their first pre-school business and what it takes to take a dying business and turn it completely around. What struck us from this interview are the parallels between buying a pre-school business and buying a cashflowing rental. Businesses are valued on the income they generate, you look for hidden value and opportunities to improve income and you use your negotiating leverage to score a great deal. Follow Dr. Krishni Somaratne to connect and learn more below! Facebook - Krishni Somaratne Instagram - @krishni7 Krishni Somaratne, MD, MPH Internal Medicine, Hospitalist Kaiser Permanente Orange County __________________________________________________________ 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!

  What makes a short-term rental stay a top-notch experience? Anyone who has stayed in a short-term rental will tell you that it all comes down to hospitality. As short-term rental owners, it makes all the difference if we anticipate the needs of our guests and create a memorable experience that guests will want to return to time and time again. To get a fresh perspective on short-term rental hospitality and service, we interviewed Wil Slickers for this week’s Rich Doc Poor Doc podcast. Wil aims to always exceed expectations, and he gives us some tips this week on ways to do that. He also introduces the idea of creating a destination for your short-term rentals instead of buying an over-priced property in an established destination. In other words, go where nobody is going now and find ways to make the are the place to be! __________________________________________________________ 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!

How many of you have heard someone say: "There are no good deals out there." or "You can't find good cashflowing deals in this market." Some of our students have even been told by agents or other investors: "Maybe you should try a different market?" If this has been your experience of the current market, then this episode is for you! In this episode, Leti and Kenji give you six different tips for competing in a hot market. They have used these tips themselves to secure great deals and these are the tips they teach their students in their highly popular real estate course for doctors and high income professionals: Zero to Freedom Through Cashflowing Rentals. __________________________________________________________ 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!

  Our students have a leg up on where we were when we first started out in our real estate investing journey in so many ways! As a dual physician couple, it took Kenji and I over 5 years to learn on the go as we invested and built up our real estate portfolio. A lot of it was trial and error, and tons of valuable lessons! Our accrued knowledge gives you an incredible advantage, and means that you can get a head start on your own real estate investments! In this week's podcast episode, we discuss the five reasons why we believe that our students will be more successful than us. Mindset End-to-end strategy through our Zero to Freedom Course Our agent network Our vendor network Community support, including our Team Investing Groups Tune into this episode to learn all the reasons why you will be so successful in your own real estate investing journey. So much more successful than us! __________________________________________________________ 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!

  Do you own a medical practice? Are you thinking about starting one? If so, you're not going to want to miss this episode! If you own a medical practice, one the most important considerations is to start with the end in mind. In other words, how much are you going to sell your practice for when you're ready to move on? In this episode, we speak with valuation expert, Chris Young. Chris is passionate about helping doctors, who "dedicate their life to service" set themselves up for retirement by maximizing the value of their practices. During this episode, he breaks down the sources of value for a medical practice and how to maximize them at the time of sale. Just like we do with our rentals (or you can with any business for that matter!), you can "force" appreciation of your business by increasing income and decreasing expenses to raise the value. If you're ready to learn how to maximize the value of your business, check this one out! Contact Chris today! Christopher W Young, PhD,  MBA, MAFF, CVA Red Maple Economics Contact: 347-522-0480 WWW.REDMAPECON.COM   __________________________________________________________ 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 sREADY 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!