Real Estate

Everyone always says to diversify using real estate, but how do you actually do it?

Investing in real estate can come in many forms, including owning properties yourself, investing in group syndication/crowdfunding, or investing in REITS (real estate investment trusts).  You can own - or partner in - single family homes, apartment buildings, and commercial properties, amongst others.  If you're really ambitious, you can flip homes.  This page is intended to give you resources.  If you just need inspiration to get started, the book Rich Dad, Poor Dad (here) is the inspiration for so many of us who are big advocates of real estate investing.

Introductory Books and Resources

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A good basic overview here

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Discusses finding, negotiating, financing, and being tax savvy here.

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Info about commercial real estate here.

Great intro book here.

Great info on how to vet syndications here.

Tax strategies for real estate here.

Info on the BRRRR method here.

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How to vet real estate deals info here.

I highly recommend checking out www.biggerpockets.com for their real estate educational resources, which are excellent - including a great forum and a podcast.  They also have a great intro document to real estate.

Crowdfunding Opportunities/Passive Real Estate Investing

Many physicians are interested in crowdfunding opportunities, because it comes with less hassle than owning property directly yourself, and want the benefit of having experienced eyes picking out the opportunities.  Real estate syndication deals are one way to get around this and still get many of the benefits.  But not everyone has access to people that they trust with whom they can engage in syndicate deals or they may not have the capital to invest in these (often 50k+), and therefore, real estate crowdfunding sites have become very popular.  They allow you to invest smaller sums of money and pick out your investments.  Additionally, on some of them, you do not have to be an accredited investor, which most syndicates require (this is not a certification, but a set of criteria you have to meet).  Those are most of the pros.  Cons: There may be more middleman fees than some syndicates you find yourself.  Additionally, these sites are incentivized to maintain quality for reputation purposes, but may not have skin in the game for results of the opportunities but rather for getting investors.  I often recommend signing up for some of these sites (free to sign up, no obligation to invest) to get an idea of what kinds of deals and returns are out there, and to get used to looking at how to vet deals.  

Physician Course on Managing Real Estate Properties

A lot of physicians stay away from rental properties because of the perceived time commitment.  This course, The Doctor's Course to Automating Your Real Estate Investments, is taught by a general surgeon who actively managed 64 units while he was working full time and had a family, and who was able to achieve financial freedom through real estate.  He walks you through his methods in four weeks titled Emergencies and Maintenance, Turnover, New Tenants and Money, and Evictions, Taxes, and Accounting.  The information is practical; it's not meant to guide you in how to choose a real estate property, but rather how to deal with the day to day management - and regularly save or earn you money - through helpful tips and rules of thumb.  He also gives you access to all of his spreadsheets and forms for your personal modification and use.  The course is significantly cheaper than most real estate courses and there is a satisfaction guarantee, and currently, a coaching session where you can ask questions.  I really do believe that even incorporating a few of these tips will save you far more than the course of the course.  More about the course here.

Disclosure: This page contains affiliate links (which help support the group), but I'd recommend them regardless! 

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© 2017 by Nisha Mehta, MD