New Member Chicago

[Michael Ting]

I am Michael ... just want to say hi. I have been a lurker for a while now and thought I would take the plunge. A little about myself. I will be finishing 4th year medical school and becoming disillusioned with medicine. While I like what I do and do not intend to quit medicine, I am also realizing that medicine can no longer fulfill both my personal satisfaction and financial freedom. So here I am in real estate to seek more financial rewards. I have about 150, 000 in student loans at 6.8% fixed rate. Have about $22, 000 in stocks ( 0% return 2011, 30% 2012), one bedroom condo in west rogers park bought at $ 39, 000 (now worth anywhere 30-40) with total net worth of approximately - $ 100, 000.

Ultimate Goal: 10 million in equities with annual passive income of ~ $ 500, 000 so that I can do academic medicine

Short Term Goal: Buy a quadruplex within next two years