Physician looking to get started in REI

[William White]

Hey, and thank you in advance for reading my post. I have been reading these forums, listening to podcasts and reading books for the last two years on REI. I just recently finished my residency and started earning a much higher income. I think I am finally ready to pull the trigger on REI. I believe at this point in time, I am looking for very hands-off, passive sources of income. 4 strategies I have been thinking about are listed below. I can probably afford $5,000-7,500 a month towards these investments. I am really trying to get the ball rolling right now, as I do not have a wife or kids and my income is pretty liquid right now.

The ultimate goal is to move in to commercial real estate (not syndicated), but realize that may be 5-10 years down the road. 

Syndication - I have been looking at therealestatephysician.com. The work with physicians and I like the idea of mobile home parks as well as apartment complexes. Does anyone have any experience with this company?

Turn-key houses - I have been looking at REI nation and like what I have been hearing about them. Getting $200-300 cash flow properties in decent areas, while having them completely managed for me sounds pretty appealing.

REIT's - Personally I am not super excited about this idea. I'd likely pursue turn-key or syndication before this. 

Hard Money lending - I wouldn't even know where to start with this. The more I hear about it though, the more it interests me. 

Before anyone starts hating on turn-key properties (a lot of the posts I have read seem to hate on them), I am very career focused at the moment and do not want to do the work necessary to have a successful BRRRR business. Also, I live in New Orleans, LA and have a lot of family ties in Charleston, SC. Both of these markets, from what I can tell are pretty competitive. So I feel like I might have to manage properties in out of state which seems like way more work if you go BRRRR.

Thank you, Will

[Zach Lemaster]

@Brian Hosier

Thank you very much for the mention!

@William White

Thank you for the detailed explanation of your goals. It does seem like TK investing would be a very applicable method to enter into the world of real estate while being a busy professional. Many people want to get started in RE investing, but they are unrealistic in how much time or effort they are actually able to commit! TK investing allows you to get into your first few rentals without taking up a ton of your time or risk, but still allows you to learn about investing while working with a team to ensure you are taking the right steps (assuming you are working with the right team of course). Many investors I've found start with TK properties to give them some confidence & experience in investing, and then go on to take on some of their own projects down the road if that is something they aspire to do. Since you were asking specifically about our model, I'm happy to share a few specifics about our team. We operate in the TK space of investing across 11 different markets! We operate in SFR, MF, Commercial (office/retail) & have new build & development projects! So we have a large diversity of locations & asset classes available to invest in. I'm personally currently buying a very large commercial retail strip center that will close out before 2020 to allow me to do a cost segregation study, and reduce my taxable income by at least about $500k. I'm happy to expand on this further if you'd like, but my point in saying this is that we are professional investors ourselves, and have built our business specifically because we've been successful investors. Something directly applicable to your situation is that I personally worked in healthcare for many years before retiring to be a full time investor. My wife & I are both Optometrists that owned multiple practices. I also was an Air Force Optometrist for 7 years as well. RE has allowed us to retire from those professional careers, and now we mainly just focus on volunteer based eye care. Anyways, I'll quit rambling, but I'm more than happy to have a deeper discussion with you about your specific goals & situation whenever you would like. Here is another good resource to look into as well: https://www.biggerpockets.com/users/ZacharyCole/references

To your success!