When pursuing a career from plumber, cosmetologist, to doctor and lawyer, there are always tests involved.What should be on a real estate final exam?

Sounded like, what's better, going to the dentist to get your mouth drilled or going to the doctor to get your dislocated shoulder shoved back into place.

See doctor and document problems.

If a doctor is looking for a NNN investment his cap rate will be his NOI / Purchase Price.

There are some opportunities for student housing and near the hospitals for med students and doctors on call.

., a very nice apartment on the East Side of Providence), you may have leverage to charge last month's rent and may want to consider it; I've heard from other investors that well-to-do tenants such as doctors are just as likely to skip out on paying at the end of their lease as other tenants (though maybe less likely to trash the place).

He worked for a commercial company that leases professional buildings (ex. doctor/dentist office) and said it hold up great.

Same as doctors.

Account ClosedThis is MY opinion and MY Modus Operandi (M.O) only.IMHO there are 2 different mind sets and attitudes for JV Partners.I want someone to have the credit to leverage a loan, buy a rehab, fund the rehab, pay all costs including holding and selling costs, and earn a profit of 10% to 15% on their money in 6 months, not split the net pretax profit.I want this person to be a busy doctor or dentist, I want him - her to have too much money and no time, not a REIA attendeee.I want this person to be more concerned about their % profit and not learn REI.Example:Retail Comps after rehab - $120,000.Costs to buy: <$45K>cost to rehab: <$15K>Holding costs: <$10K>Sales Costs: <$10K>---------------------------------Gross Profit = $40,000$80K used x .15 = $12,000 within 6 months (30% APR)JV Partner gets $12K plus all his money $80K back.I get $120K - $80K - $12K = $28K Gross Profit.If I split it 50 50 I would make $120K - $80K costs = $40K div 2 = $20K.For 6 months of my time I would rather it my way.Always give a percentage like 15% for 6 months use of the money, never 50 50 split.IMHO.And, have the JV Partner buy it and own it until it sells, and you have an option to buy half the equity for $1.

Wealth is having enough assets that you are, for all intents and purposes, unaffected by recessions and economic downturns.It's the connotation that rich are the high earners: doctors, biglaw lawyers, professional athletes -- people that may A LOT of money, but who may have few tangible assets with which they earn more money.