All Forum Posts by: Matan Paret

Thank you everyone!  Your responses have been helpful, and much appreciated.  

I think at this time, while I focus on my fellowship, I will continue to read, engage on the forums, and educate myself regarding REI and the opportunities that are available out there.

I think right now I only have time for passive investing (syndications), but once I become an attending, my fiancee and I should have more time, and I'd like to use my solid income as a physician to purhcase some properties (single fam or multi fam, or possibly in partnerships). I'll try to connect with those of you who reached out and replied, thank you all again!

Hi all,

My name is Matan, I'm a physician currently in fellowship in CA (2 more years until I'm an attending making a decent salary). I recently became interested in REI after I found out one of my bosses at work has been doing long distance investing in multi family homes. I've read Rich Dad/Poor Dad and Rental Property Investing by Brandon Turner. I see how hard a lot of my colleagues work, even in their 60s, and I want to start investing soon, so I don't have to work grueling overnight shifts when my body won't have as much strength in 20-30 years like it does now. I currently have about $50k saved up, and my fiancee has about another $50k. We are both interested in REI, and plan on pooling our money together to invest.

My main issue is that I don't have a ton of time to travel to desired markets (thinking of places like Phoenix, North Carolina, Reno/Vegas, Ohio) to look at properties, network, meet potential team members, etc.  Also, after reading RPI by Brandon Turner, I'm aware of multiple strategies, but since I've never actually invested or bought a property yet, I feel like I'm overwhelemd by all the options, and find it hard to get started.  For example, I'm not too sure about how to actually find good deals/distressed properties, and how to actually find appropriate property managers, CPAs, lawyers, etc.

I think once I get started and inertia starts to build up, things will make more sense, but it's that first step that I'm finding difficult.  I would appreciate any general/specific advice that you all may have.  Thank you everyone!