Blog
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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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What Cars Do Doctors Really Drive?
Occasionally during college I assisted my friend’s dad (general surgeon) in surgery at our local hospital. I’d pull into the patient parking lot and walk by the “Doctor’s Parking Only” sign. It wasn’t hard to miss this section as it mainly consisted of: Mercedes BMWs Lexus High-end SUVs I’ve never been much of a car…
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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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5 Minute Book Summary: Giftology by John Ruhlin
Giftology? Is that a course I missed in college? 🙂 It’s funny when I look back over the 20+ years of education that allowed me to practice as a periodontist, some of the courses that really “stuck with me” had nothing to do with teeth. During my residency at LSU, gift giving was never on…
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67 Top Grant Cardone Quotes For 10x Success
Grant Cardone started out as a successful entrepreneur teaching others how to sell then moved to the real estate investing space. He currently has several billions of dollars of real estate under management and is now a best selling author known for the book, “The 10X Rule“. Here’s a list of some of the quotes…
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How To Use Debt To Build Wealth
“We’re DEBT-FREE!!” After racking up $300K of student loan debt (dental school), I became a Dave Ramsey disciple hoping one day to be able to call his radio show and give our debt-free scream. I thought his way was the ONLY way to building wealth. Heck, he even starts each radio show with, “…where debt…
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7 Streams of Income: The Secret To Becoming a Millionaire
7 Streams of Income: The Secret To Becoming a Millionaire When I started my dental specialty practice back in 2005, I was laser-focused on just one thing: getting more patients. New referrals were my lifeline. Everything depended on that one income stream—my practice. At the time, I didn’t think much of it. Most of us…
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Rich vs Wealthy: Uncovering the True Meaning of Wealth
If you’re rich and make a lot of money, does that automatically make you wealthy? Doctors typically make a lot of money so all doctors are rich, right? These are some of the topics we’re going to cover today. If you’re a subscriber to this blog (thank you), then you’ve noticed that I’ve frequently referenced…
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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…
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How To Short The Dollar Using Real Estate
I recently came across a saying that you’re likely familiar with: “A dollar today is worth MORE than a dollar tomorrow.“ This reminded me of one of my grandmother’s sayings, “Son, I remember when a gallon of milk cost a dime.” Thinking about the time value of money made me curious as to what $10 would…
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How To Use Your 401k To Invest In Real Estate
“I wish I could enjoy some of my retirement assets BEFORE I reach retirement age. You never know if I’ll still be healthy enough to enjoy it by then.” This was a comment from a new Passive Investors Circle member BEFORE she learned about self directed retirement accounts. Here’s another one: “Jeff, I’m only a…
