Doctors Building Wealth

Is your intimate relationship a source of happiness or joy? Or is it a source of sadness or frustration? How do you make it work with your intimate partner with kids, a busy career and to top it off, building a real estate empire (as many in our community are doing)? In this interview with Dr. Kate Mangona, we delve into topics and more! Kate Mangona is a pediatric radiologist and founder of Medic...

We are excited to share an exclusive interview with J Scott from our  2022 Fast FIRE to Freedom Summit , which was held in August 2022. J has a wealth of real estate experience and is the author of several books, including  Recession-Proof Real Estate Investing  and  The Book on Estimating Rehab Costs . J and his wife started investing in 2008 and flipped over 400 homes between 2008 and 2016. Afte...

Do you feel the fear in the streets? Whether or not we are in a recession (some say we are, some say we aren't), there's no question that the current environment (inflation, rising mortgage rates) has struck fear in the hearts of many real estate investors. So what are we doing? We're going to continue doing what we've always done. We're going to continue to buy great deal...

In this week's podcast, we follow the journey of Shama and Sipra, sisters-in-law and now co-founders of an exciting new start-up called LunaJoy. Their origins in business actually started with real estate through our Zero to Freedom course. Shama stumbled upon our course in the midst of the COVID pandemic and this lit a fire under her, acquiring a total of 13 doors in a short period of time a...

In this episode, we interview Katrina Ubell and learn about her journey of transitioning from being a full-time physician to becoming a successful entrepreneur. Katrina Ubell is a pediatrician who worked in a private practice for over 10 years. She is now a certified life and weight-loss coach who has successfully helped over 1,300 physicians overcome/solve their weight-loss dilemmas. Growing up,...

Short-term rentals (STRs), also known as Airbnbs or vacation rentals have become increasingly popular over the last few years. This interest spiked during the COVID pandemic, and despite a recent slowdown, interest continues to be strong in the post-COVID era. We have seen the same trend in our groups. Three years ago, very few in our community were talking about STRs. Now, we see the vast majorit...

In this episode, we wanted to address a topic that we hear a lot about in our community: Is real estate asset protection worth it? On one side, we have those who feel that insurance-alone is enough to protect you. They also believe that these asset protection strategies are simply money-making schemes and don't really afford you any additional asset protection. On the other side, we have thos...

The COVID pandemic was an unprecedented event that posed numerous challenges for real estate investors. One of the biggest challenges for owners was the loss of revenue from non-paying tenants. On top of the that, governments enacted eviction moratorium, which prevented owners from evicting these non-paying tenants. While COVID was unprecedented, these challenges aren't unique. These same cha...

In this episode, we go into the logistics of becoming a digital nomad with family. We first became digital nomads in 2017 when we had a 12 month old. We did it again in 2021, this time with three children and a fourth child joining us intermittently. We thought this would be a good episode to record now because we are seeing so many of our Zero to Freedom students getting to the point where they’r...

Looks like we're headed into a recession. Regardless, we think it's best to be prepared. We've been preparing for the recession since 2015. Even if you haven't, it's not too late to "recession-proof" your real estate portfolio. What do we mean by "recession-proofing" your real estate portfolio? Finding recession-proof tenants! Renting your property to t...

If you've ever seen an ad for a real estate syndication, you might have come across headlines like this one: "Get the benefits of investing in real estate without becoming a landlord!" "This is your last chance to write off taxable income using 100% bonus depreciation!" While these benefits sound amazing, the problem is, many of these headlines are misleading. We're n...

We often get asked the question, "how do you manage to do it all?" From the outside looking in, it's a fair question. We run a multi-million dollar business, we own and operate over 150 apartment units, we have four children, we travel about 5 months a year, we attend a meeting or conference almost monthly...the list goes on and on. But the reality is, we don't! It might seem l...

In this episode we discuss mid-term rentals. Who rents mid-term rentals? (traveling healthcare professionals, corporate, insurance companies). We also discuss the best way to list your mid-term rental. What types of properties can be mid-term rentals? Which COC calculator do you use? Who manages the property? What are the Upsides and downsides? How is a mid-term rental treated from a tax perspecti...

Nuria Rivera joins us for today's Podcast to talk about title and escrow. She has had her title and escrow company for almost 7 years now. Her goal when starting her own company was to shift the systems and processes to make the process easier for everyone involved. Nuria explains how Title companies have three main functions which include helping buyers protect themselves from different issu...

Back in March 2019, we attended our first Tony Robbins event, a program called Unleash the Power Within. You can read more about our experience at the event in our five part series (start with Part 1 here). At that event, we were presented with the opportunity to join another program called Tony Robbins' Platinum Partnership program. The price tag was $230,000 (when you add up the cost of the...

Today we are really excited to talk to Dan Peck and Scott Clirehugh from Caliber Home Loans about the changes we have seen in residential loans this year. We discuss a topic that has been at the forefront of many of our students' minds, interest rates and inflation. We also discuss ARM rates and points. Make sure to stick around to hear Dan and Scott’s predictions for where the market is head...

In this episode we discuss how proximity is power. This is one of the most powerful concepts we have learned from the Tony Robbins community. We see it play out in so many different ways in our lives. If you are going to elevate your game, find your partner even, proximity is the key. Who do you spend the most time with? Who do you spend the most time sharing ideas with? Ask yourself, are they lif...

Over the last couple of years, we have seen more and more doctors venture into entrepreneurship and start new businesses. But the hard truth is that very few (less than 5%) of these businesses will ever achieve $1 million in revenue and an even smaller number (0.4%) make over $5 million. With the odds stacked against you, we wanted to share our top tips for building a successful doctor-owned busin...

We are joined for this episode by Dr. George Chaucer. Who has a very diverse background, including being a former touring musician. Which he did during Med School! He is currently a full time Anesthesiologist and a Dad of two young girls. Real Estate was instilled in George from a young age. His Dad was involved in real estate investing. He grew up watching his Dad devote time to his apartment com...

Joel and Winnie Napenas began their real estate investing journey in 2020 after coming across the SRMD blog and deciding to take our ZTF course. While they both had their dream jobs, they realized they were not enough to get them to where they wanted to be financially. They decided to take action to further educate themselves as real estate investors. They started putting offers in while they were...

We often get the question from our students, “Should I start with a vacation rental or a long-term rental, when I’m just starting out investing?” In today’s episode we go in dept with the pros and cons of investing in both, to answer that question. We also give our perspective at the end, so stick around! Have someone who you think should be featured in a future episode? Comment and let us know on...

Want insight on how to avoid top mistakes vacation rental owners make? In this week's episode we discuss the top details your guests care about while staying in your short-term rentals. This will help you to focus on what's important to keep your stellar listings!  Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't...

Leti and I are moving to Puerto Rico! If you've been following us, you know that we recently became digital nomads (link to the episode). So you might be wondering, why the sudden change? In reality, it's not as big of a change as it seems. We'll still be traveling, A LOT, but now we'll have a home base that gives us tremendous tax advantages as well as an amazing entrepreneuri...

In our inaugural episode of Doctors Building Wealth, we reflect on 2021 and discuss our top 5 real estate moves. One of the biggest moves isn't really a real estate move at all, but it will probably have the biggest impact on our real estate portfolio. 2021 was a huge growth year for us. We more than doubled our portfolio to >150 units. We also deepened our expertise in tenants and common...

Surprise! We're changing our name! In this episode, we explain the reasons why we changed name and why we're really excited about the new name! If you're a loyal listener of Rich Doc Poor Doc, you can expect the same great content from Leti and Kenji but with a greater emphasis on the different ways doctors can build wealth! Have someone who you think should be featured in a future...