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waterfall calculation

What’s A Waterfall Calculation In Real Estate Syndication Deals?

Real estate syndication deals have become quite popular especially among the doctor community. Why? It allows those too busy to deal with tenants to passively invest in real estate and still get the benefits such as tax advantages and cash flow distributions. One of the questions new Passive Investment Circle members want answered is “how…

Active vs Passive Real Estate Investing – 5 Factors To Consider

I recently spoke with a south Louisiana dentist about real estate investing. He graduated three years ago and recently completed the process of buying an existing practice. His wife is also a dentist so they have a great income stream coming in.  I was impressed that he was focused on building long-term wealth and already…

Rich People vs Poor People

Rich People vs Poor People – 7 Key Differences

It seems that some people think “becoming rich” is a bad thing.  Take for instance a recent Dave Ramsey Show rant titled, “Should Billionaires Be Allowed To Exist?”   Someone email him an article written in the New York Times about “abolishing billionaires”. Here’s a few lines from the article: “Some ideas about how to make…

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Apartment Syndication 101: What Doctors Should Know

I recently spoke to a group of periodontists about apartment syndication investing. As you can imagine, the majority did not have any prior real estate experience and were comfortable following their financial adviser’s advice of 401k investing until age 70+. I occasionally visit investing forums and Facebook groups for doctors. Most are discussing: what index funds…

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How Much Money Do You Need To Never Work Again?

As more and more doctors and other high-stressed professionals are experiencing burn out these days, the notion of reaching FIRE (Financial Independence Retire Early) has increased tremendously. It seems that the age-old question new, burned out Passive Investor Circle members are trying to answer is: How much money do I need to never have to…

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Top 5 Things You Should Do With Excess Cash

“Hey Jeff, I’ve got an extra $300K in surplus cash parked in a savings account earning zero interest, what should I do with it?” It’s not uncommon to receive questions like this each month. This stems from people spending less during the pandemic plus depositing the excessive “stimulus” checks that’s been handed out like M&M’s…

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Book Review: The Psychology Of Money By Morgan Housel

Recently Morgan Housel’s book, The Psychology of Money, was recommended on my list of podcasts and YouTube videos. Why?  I don’t know. Maybe “Google” was trying to tell me something?  🙂 Anyway, after listening to his interview about his latest book, I had to order one for myself. I love his statement in the Introduction: …

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5 Real Estate Investing Principles From Rich Dad Poor Dad

This summer while bass fishing, my friend informed me that he’s started focusing on real estate, specifically fix and flips. What’s amazing is that even at 23 years old, he already understood the concept of “getting your money to work for you.” He wanted to know a few resources to begin learning more about real…

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The Real Estate Pro Forma: What Investors Should Know

So you want to invest in real estate as a passive investor but not quite sure where to start? As someone that’s been investing in rental properties (syndications) since 2016, there’s a lot of information to know but only a small amount to REALLY pay attention to. Actually, there’s 3 common mistakes they should avoid…

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Medical Office Real Estate: Why Doctors Sell Their Buildings

What Should You Prioritize? One of the biggest benefits of selling a practice is found in the amount of time that it frees up. While owning and operating medical/dental practices is appealing, many often become disenchanted with the amount of work that goes into things that they had not accounted for. It certainly did for…

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7 Streams of Income: The Secret To Becoming a Millionaire

When I began a start up specialist dental practice in 2005, I mainly focused on networking with other dentists for referrals and anything I could to increase new patient numbers. As a matter of fact, this was my MAIN focus for years. You see, shortly after training, marketing companies know that young doctors are hungry…

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Contagious Book Summary – Why Things Go Viral

Up until recently, one of the most influential books that’s helped in ALL aspects of my life (work, family and social) was Dr. Robert Cialdini’s Influence – The Psychology of Persuasion. Once I started learning about why we do the things that we do, I’ve become fascinated with behavioral psychology. Recently I joined one of…

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How To Battle Inflation With Real Estate Investing

For the past decade, the average inflation rate has hovered around the 2% mark for the United States. Many of the “financial experts” are forecasting higher inflation than normal due to the 2020 pandemic.  They state this is from a rise in unemployment rates, higher costs of goods, failing businesses and large injections of stimulus…