New Physician Investor

[David Goldenberg]

Hi all,

I am a young doctor going through training in Boston and learning about real estate investing. I will be looking to invest future incomes in real estate. I don't plan on cutting back in the clinic and would love tips about investing with minimal time. Any other physicians on here?

Thanks!

Dave

[Theo Hicks]

Welcome to BiggerPockets Dave!

I majored in chemical engineering when I was in college and considered going to medical school to become a surgeon, but after extensive research, I decided against it because of the time commitment.

I started investing earlier this year with a full-time job (40 hours a week MAX) and cannot imagine being able to obtain enough education or have enough energy to invest while working 100 hour weeks during residency.

That being said, I can think of a few scenarios:

1) If you want to invest solo, I would try to get a few hours of education each week (BiggerPockets, books, REIA meetings, etc.) and then when you are a physician full-time (hopefully with more manageable hours), I would slowly start picking up a property here or there so when you retire, you have a solid portfolio

2) If you want to be hands off, I would find a partner who has the knowledge, drive, and TIME to invest but may not necessarily have a lot of capital. Once you find this person, you can be the financier while your partner does all of the work. Brandon Turner discusses this strategy in his book "How to Invest in Real Estate with Little or No Money Down."

If you are interested in learning more about my portfolio and potentially partnering up on deals in the future, feel free to DM me!