How did you hear about The Real Estate Physician?
I was introduced to The Real Estate Physician through a Facebook group.
What made you want to diversify your real estate portfolio with commercial real estate?
While we are already investing in stocks and bonds, I wanted to find another vehicle that would provide income in a passive manner before typical retirement age. We have one accidental rental property, but our local economy doesn’t support most single family rentals as being income producing properties. Working full-time (which for me is 60+hrs/week) and family obligations made real estate syndications more attractive to us than finding and managing income-producing single family rentals outside of our region.
Have you had prior experience investing in commercial real estate syndications before signing up with The Real Estate Physician?
Investing with The Real Estate Physician was my first involvement in real estate syndications. Of note, The Real Estate Physician was not the only person I contacted with prior to making an investment, but I appreciated her willingness to walk me through the process and answer questions as I evaluated the deals presented. The Real Estate Physician is the only partner I am currently investing with. Investing what for us is a large sum of money was a little daunting, and finding the information and strategies to evaluate deals didn’t seem “easy” to us. The Real Estate Physician made the process low-stress and ensured I understood and was comfortable with the numbers the deals presented.
What suggestions do you have for physicians who are interested in getting started in commercial real estate syndications?
My suggestions for physicians interested in getting started with syndications would be to educate yourself, know your risk tolerance and goals, and determine if syndications are right for your investment strategy. Then take action.
What does financial independence look like to you?
We are fans of the FIRE philosophy. If defined by currency terms, then having enough money saved that we don’t need to work is financial independence. But from a lifestyle perspective, we aren’t the type of people who could “not work.” We need to stay busy. From that side, financial independence is the ability to cut back on the rat race and focus more on family, self-development, and exploration.
Interested in learning more? Sign up for the Physician Investors Circle to connect with us and our members.