Blog
-
How To Choose The Best Real Estate Asset Classes For Investing
Do you remember when you could order a burger and fries with no questions asked? Unfortunately, those days are long gone. If you tried that in restaurants today, you’d get bombarded with questions such as: what size burger – quarter pound? half pound? what type of bun? what would you like on it? sandwich only…
-
Understanding Private Placement Memorandums For Syndications
When I first started learning about passive real estate investing, one of the biggest obstacles to overcome were the new terms involved. Some of the examples included: depreciation cap rate REITs Many times learning this new terminology is what initially keeps people away from investing in real estate. I know it did for me. But…
-
Doctor Investing: How To Become a Millionaire in Real Estate
Research shows that 90% of millionaires do something specific to create wealth….invest in real estate. Even though doctors get a late start with tremendous debt, they still have an easier time reaching millionaire status due to a six-figure income. So good news, if you’re a doctor or other high-income earner, then the likelihood of becoming…
-
The Next Millionaire Next Door Summary – 9 Minute Read
You may not be familiar with Dr. Sarah Stanley Fallaw, but you’ve probably heard of her dad, Dr. Thomas J. Stanley. He was the author of one of my favorite books, the Millionaire Next Door, which was the best selling personal finance book that yours truly read some 25 years ago. Sarah also knows a thing…
-
37 Abundance Mindset Quotes For Success
After I had a job offer joining a periodontal group practice fall through two weeks before graduating, I shifted from an abundance mindset to one of scarcity. Even though I had close to $300K in student loan debt, the thought of starting out with a good income kept me thinking with an abundance mindset until…
-
4 Ways Passive Investors Can Calculate ROI In Real Estate
Unfortunately, the first time I invested in a multifamily syndication (Oklahoma apartment complex) with an online crowdfunding platform, Realty Shares, I lost the entire investment. No, it wasn’t much fun but it did make me rethink how I evaluated property, especially the return on investment (ROI). If you don’t have a good grasp on calculating…
-
19 Habits Of The Wealthy vs Poor – Which Do You Have?
Think about where you are right now. If you’re a doctor or other high-income earner then more than likely you’re in the position you’re in because of personal habits. While friends were out partying in college; you chose to study instead. In college, I got into the habit of studying a minimum of 3-4 days…
-
Multifamily Investing – 7 Reasons To Invest Now
Multifamily Investing Recently on Dentaltown, a 33 y/o dentist asked for investing advice in the Finance Forum. Honestly, what he’s accomplished since opening a scratch practice was impressive. He’s paid off his student loans, practice loans, car and house. I know doctors that get to the point that they’re laying on their death bed without…
-
17 Pros and Cons of Owning a Laundromat
I’ll admit. I take being able to clean our clothes at home for granted. Actually, I’ve never given it much thought after we bought our first home after renting for eight years. It’s nice not having to pack up dirty laundry and take it out to get cleaned. I love having our own washer and…
-
5 Reasons Why Doctors Aren’t A Prodigious Accumulator Of Wealth
I first heard the term, “prodigious accumulators of wealth” in 1996 while reading one of the most popular finance books ever written by Dr. Thomas Stanley, The Millionaire Next Door. If you haven’t read it then head over to Amazon and get it now. Even though some of the statistics might be outdated, the…
-
10 Pros And Cons Of Owning An Apartment Building
10 Pros And Cons Of Owning An Apartment Building It takes a lot of time and sacrifice to become a doctor. If you’ve been practicing for a while, it’s easy to forget how many years that were put in to get to where you are. Whenever new investors from our Passive Investors Circle group ask…
-
59 Wealth Building Quotes From The Richest Man in Babylon
Don’t let the date (1926) fool you into thinking that the book, The Richest Man In Babylon, is still not relevant today. It and other classics such as Napoleon Hill’s Think and Grow Rich (1937), contain wealth building lessons that will NEVER go out of style. The Richest Man In Babylon has gained tremendous popularity…
