Member Highlights: K.C., M.D. Emergency Medicine
How did you hear about The Real Estate Physician?
I met Cherry while in medical school a few years back. During this last year, I heard from my brother that after she had become an attending, Cherry had started investing in real estate. I was then introduced to her platform of The Real Estate Physician.
What made you want to diversify your portfolio with commercial real estate?
I started considering commercial real estate (CRE) in my portfolio after learning and reading that CRE could have the potential of producing better returns with less volatility than the stock market. I was skeptical at first, but as I read more, I started to realize that there were other financial savvy investors who have started investing into this space apart from traditional stocks/bonds. This seemed to build the credibility of these types of investments and I decided to incorporate it into my own portfolio.
Have you had prior experience investing in commercial real estate syndications before signing up with The Real Estate Physician?
Prior to investing with The Real Estate Physician, I had no previous experience with commercial real estate. I wanted to be more of a passive investor, so I was following some of the deals on crowdfunding platforms but never took the plunge in investing in any of the deals. Having met Cherry personally a few years back and hearing about her current investment philosophy, I felt more comfortable investing with a syndicator who has met with the sponsors personally and deemed a good fit. This made me feel more comfortable in investing my capital in these syndications.
What suggestions do you have for physicians in getting started in commercial real estate syndications?
I would say read and learn about this space so that you get a feel for the type of investments made. Talk with other people that have invested about their experiences. It is not without risk; however, if your experience is anything like mine, as you learn more, you begin to see the value of this type of asset class and become more comfortable with these types of investments. You begin to get a feel for the underwriting standards of the sponsors and feel more comfortable about their ability to mitigate risk and provide good returns.
What does financial independence look like to you?
Unfortunately, physician burnout is a real phenomenon. The practice of medicine will continue to change in the future for better or worse. Financial independence would give me the ability to work on my own terms. When you are able to choose to work as opposed to feeling like you have to work, I believe you become a better physician.
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