Blog
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Total Money Makeover: The Plan I Followed for Financial Freedom
Total Money Makeover: The Plan I Followed for Financial Freedom Looking to transform your finances and achieve financial freedom? After dental school, I was $300k in student loan debt. The worst part was that my job offer fell through, forcing me to open a practice from scratch. Our finances were all over the place, but…
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The $4.2 Million Gamble: Inside Our High-Stakes Mobile Home Park Transformation
In February 2023, my business partner and I purchased a mobile home park in South Louisiana for $4.2 million. Just one year later, it’s valued at $8.4 million, and it’s still climbing. Here’s a simplified version of our journey. From Purchase to Profit: The First Steps Finding the Opportunity The park is strategically located between…
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Accredited vs Non-Accredited Investors: What’s the Difference?
Accredited vs Non-Accredited Investors: What’s the Difference? Accredited investors meet certain income or net worth criteria set by the SEC, allowing them to participate in a wider range of investment opportunities. Non-accredited investors, on the other hand, do not meet these financial criteria and are typically limited to more regulated and transparent investment options. Understanding…
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How to Use a Self-Directed IRA for Real Estate Investing
How to Use a Self-Directed IRA for Real Estate Investing Investing in real estate through a self-directed IRA allows you to diversify your retirement portfolio beyond traditional stocks, mutual funds, and bonds. Unlike a traditional IRA, a self-directed IRA allows you to invest in alternative assets, including real estate. This means you can use your retirement savings…
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$2M Debt: My Financial Planning Session with a Struggling Dentist
$2M Debt: My Financial Planning Session with a Struggling Dentist Dentists face unique financial challenges that make managing their personal finances and planning for the future complex. From balancing student loan repayments to investing in a practice, the financial decisions they make today can impact long-term financial health. Having a strategic plan in place allows…
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Why I Invest in RV Parks: Unlocking High Returns & Income Streams
Why I Invest in RV Parks: Unlocking High Returns & Income Streams Have you ever wondered why some investments offer more security, higher returns, and greater flexibility than others? If you’re tired of the limited income potential from traditional real estate investments like apartments, you might be surprised to learn that RV parks could be…
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What is Cost Segregation? A Real Estate Investor’s Guide
What is Cost Segregation? A Real Estate Investor’s Guide Cost segregation is a tax strategy that allows real estate investors to speed up the depreciation of various components of a property, thus resulting in significant tax savings. A cost segregation study is conducted by a specialist (engineering firm or CPA) who analyzes your property and breaks it…
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Why Flipping Houses is a Bad Idea: The Hidden Costs
Why Flipping Houses is a Bad Idea: The Hidden Costs House flipping has become popular, often glamorized by television shows and success stories. It’s one of the first ways newbie investors get started in real estate. House flipping involves buying properties at a lower market rate, renovating them, and selling them at a higher price…
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How to Buy Your First Apartment Complex
How to Buy Your First Apartment Complex Entering the real estate world can be exciting and daunting, especially when considering the purchase of an apartment complex. Apartments have the potential to generate stable monthly income and long-term profits. However, to make the best possible decision for your investment, you must have a solid understanding of…
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Thinking of Selling Your Dental Practice to a DSO? Read This First
Thinking of Selling Your Dental Practice to a DSO? Read This First Many dental clients ask me, “Jeff, is selling to a DSO a good idea?” It depends…. Selling a dental practice to a Dental Service Organization (DSO) is a major decision for any dentist. This choice can offer financial stability and lessen administrative responsibilities,…
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What to Know Before Buying a Dental Practice
What to Know Before Buying a Dental Practice Assessing whether to buy an existing practice or start a new one is critical to making the right decision. Especially if you’re right out of dental school. Established practices benefit from an existing patient base, trained staff, and operational systems. These can make the transition smoother and…
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The Lazy 1031 Exchange: Effortless Way to Defer Huge Taxes
The Lazy 1031 Exchange: Effortless Way to Defer Huge Taxes This article is for you if you’re a real estate syndication (passive) investor looking for ways to defer taxes and offset capital gains. If you’re not sure what a syndication is, check out this video: The answer is something called the Lazy 1031 Exchange. This tax…
