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Updated over 6 years ago on . Most recent reply
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Surgeon and RE investor
Any RE investors who still have their active clinical practice rolling? Looking to chat with anyone at any stage of their investment career about the balancing of their clinical and investment careers.
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- Rental Property Investor
- Gilbert, AZ
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@Account Closed your comments are both insulting as they are ignorant. No matter how many times you create a new profile and write under a new name, your comments and attitudes are the same. I believe it will only be a few days before you are blocked again.
I will however comment for the benefit of either newer investors who may think your comment are worth considering.
It may seem silly for a doctor who probably earns over 200k a year to spend time trying to get rental properties that cash flows $200 a month when the doctor probably earns about the same per hour. Let me share some of the reasons why it is a wise option for medical professionals to invest in real estate even though they often are already high salary earners. 1) there are several benefits from depreciation and often appreciation. 2) there are several tax benefits from owning real estate. 3) it offers an alternative to the stock market. 4) with real estate there are many more options and exit strategies than the stock market. 5) with real estate you can use leverage to invest and because medical professionals often have higher saleries, their ability to qualify for loans isn’t greater than the average earner. 6) the pay down on the loans provides yet another form of wealth accumulation that can be traded up for into bigger properties. Ultimately medical professionals invest for the same reason everyone else invests, they may just be able to build a portfolio quicker than the average person and they may not need to be as careful since they may be able to recover from financials mistakes quicker than most.