The Passive Income MD Podcast

Passive real estate investing is a great vehicle to generate monthly cash flow. Many question if real estate is truly passive income. The answer to this question depends on how you look at it. Dr. Peter Kim defines it as “income that is not proportional to the time you put into acquiring it.”   In this episode, Peter will discuss the three keys that he advises passive real estate investors to have: diversification, know the market, and hire professionals.  No matter if you have zero knowledge or are ready to go to the next level in real estate investing, join the Passive Real Estate Academy and gain the skills to accelerate your journey. CLICK HERE to learn more.

In this episode, Dr. Peter Kim will reflect on one of his investment losses, his mistakes, and what he learned from them. He will share the timeline, details, and the continued struggle of how a suitable property went sour, hoping you will learn from his mistakes and maximize your gains.

When saving for retirement.. is it better to undershoot or overshoot your goals? In today's podcast, Peter discusses the idea of gradual retirement. This method is applied when you choose to cut back as you work to reach your retirement goals slowly. There are two choices. The first is to undershoot or delay your plan so that you can enjoy time with your family now. The second choice is to overshoot your goal, using the time now to work full-time when it's the premier time to go and enjoy your family and life. In today's podcast, Peter Kim will share his thoughts on determining your retirement goals.

INTRO SENTENCE   Financial Freedom Through Real Estate (PIMDCON), live and virtual conference for doctors and high-net-worth individuals in the same room. From the stage, online, or in casual discussions, the event was a buzz with conversations on real estate, mindset, sharing tips, and strategies.    At PIMDCON there was a community that walked away with action steps, takeaways, and key points to take what you learned and make something of it.  In today’s podcast, I will share with you a few of my highlights from PIMDCON 2022. Where are we in this economic cycle?  What are your options for this current market?  What strategies or mindset do you need to take advantage of your maximum financial opportunity?  And Peter’s personal three takeaways…

Netflix doesn't cost $17.99, It costs “your time.” A fast food value meal doesn't cost $4.99, it costs “your health.” Social media isn't free, It costs “your focus.” There is always a hidden cost. It’s important to think about a lot of things in terms of "opportunity cost." In this episode, Dr. Peter Kim will define “opportunity cost” and the risk or fears that are often associated with it. 

You may have heard that all debt is bad. Although not all debt is created equal. Debt can be used as a tool to create greater wealth. Of course, this is only true when used carefully and wisely. One way that some investors have used debt to their advantage is to make use of a Home Equity Line of Credit (HELOC). It’s a line of credit that can be used to purchase new investments and make debt work for you.  In this episode, Dr. Kim will discuss how utilizing a HELOC might make sense for you. Are you interested in learning more about investing in real estate? Consider joining Passive Real Estate Academy.

There’s a lot to know about real estate investing, from finding the right market to taxes. No matter whether you're brand new to real estate or you’ve been in the game for years, there’s no denying that it can all feel a little overwhelming. After years of working in the real estate industry, Peter will share in this episode what he has observed from those who are leaders in this field. Success leaves clues, and so here are six simple rules that he has found successful real estate investors follow. Are you interested in learning more about investing in real estate? Consider joining Passive Real Estate Academy. 

Many people agree that passive real estate is a great way to create additional streams of income. Although some are understandably intimidated by the idea of managing multiple properties, finding tenants, and making repairs. If the goal is to truly create passive income, then they determine that real estate really isn't an option.  In this episode, Dr. Peter Kim will dive into the age-old question: is “passive” real estate investing really passive?  Are you interested in learning more about investing in real estate? Consider joining Passive Real Estate Academy.

In this episode, Dr. Peter Kim discusses his top 3 takeaways from attending the Business Mastery Conference with Tony Robbins. These three points will aid you in becoming a better leader, entrepreneur, and manager when it comes to business and life.  Attending conferences and re-attending conferences is one key in helping you focus and grow your goals or dreams for your business. Naturally are in a different place and certain things will resonate with you each time you attend.  Here are the top three things Peter learned from this year's Business Mastery Conference.

In this episode, Dr. Peter Kim discusses why it is essential to have multiple strings of income. Seeing how things have changed, Peter now believes that creating multiple strings of income is no longer optional, you have to consider it if you want to live the life you want to have.  It's becoming more and more common to see people, regardless of their careers, lifestyles, or situations, working towards creating streams of income outside of their day job. It’s no longer a fun hobby. Now, it’s actually a necessity, even for physicians. Why do you feel that creating multiple streams of income is necessary for physicians? We would love to hear from you! Join us on our Facebook Group Passive Income Docs