The Breast Surgical Oncologist

How did you hear about The Real Estate Physician?

FB group Physicians on Fire – I don’t remember the exact person in the group.

What made you want to diversify your portfolio with commercial real estate?

It was in 2019 that I wanted to start to diversify my portfolio because the stock market had been a Bull market for over 10 years. Even before any inkling of COVID, we all knew that wouldn’t last forever. I wanted to invest in real estate and knowing that many physicians make terrible investments due to their hubris, I set out to learn everything I could (as per my usual Type A personality) and read a number of books:

  • What every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli
  • The Millionaire Real Estate Investor by Gary Keller
  • The Hands-Off Investor by Brian Burke
  • The Book on Tax Strategies for the Savvy Real Estate Investor

The county in which I live in PA is the fastest growing county in the state and my initial thought was to buy up undeveloped property, hold this, and then re-sell or buy and sell houses, but soon realized that as a busy practicing surgeon and mother of two teens, I didn’t have the time for that and fancied passive real-estate investing instead. I had read that storage units are often recession-proof and honestly, that is why we initially gravitated to The Real Estate Physician. However, although we do invest in storage units, the majority of what we invest in are value-add apartment complexes.

We were lucky because we chose to invest around the time the pandemic hit and given that my retirement savings have not yet recovered (nor the kids’ 529 accounts), I am really counting on some of that passive income for upcoming college tuitions. (I have an 11th and 12 grader). But the real plus side is the tax benefits due to the depreciation. I cannot emphasize this enough as the number one reason to invest in real estate.

Finding Real Estate Physician was a lucky break because it is one of its kind as far as I know: a group for physicians investing in real estate syndications. And, because Cherry is awesome. I don’t know if anyone else could have been as successful. She is knowledgeable but also very welcoming and not patronizing to newbies and always available to answer questions. This makes first-time-real-estate investors like me feel less timid about investing.

Knowing that these opportunities have been vetted is like tandem sky-diving. The Real Estate Physician invests in these opportunities alongside your investment, so it’s like knowing the guy jumping out of the airplane with you probably took his care to pack the parachute correctly. You still have to know what you are doing and there is still risk but it just feels safer. Also, Cherry has been so awesome at being available for phone calls any time I have had a question so it feels a little less risky when you are first starting out and learning. Plus, it is less time consuming for me to research an opportunity as the webinars give you the information you need to make an educated decision about your investing.

Have you had prior experience investing in commercial real estate syndications before signing up with The Real Estate Physician?

No.

If no, please share what barriers or obstacles you faced and if applicable, how The Real Estate Physician has been useful or helpful to you in your investment journey.

SEE ABOVE. Learning curve and time to research investments and having someone to help guide me in the process.

What suggestions do you have for physicians interested in getting started in commercial real estate syndications?

Read the four books (and others) I listed above and join The Real Estate Physician.

What does financial independence look like to you?

Retiring when I want to retire. I have already gone down to seeing patients 4 days a week and that was the BEST decision of my life. Now, my goal (once college tuition is covered) is to retire early so that I can spend a lot of time with my husband (who is older than me and already retired) while my health is still good.