Doctors Building Wealth

  How often do you feel grateful for the little blue book, also known as a U.S. Passport? For Dr. Shehzad Batliwala, that little blue book is his superpower and something he feels grateful for every day. To him, there's nothing he can't do or out of reach for him now that he is a U.S. citizen. Follow Shehzad's journey from undocumented immigrant to starting a cell phone repair busin...

  Do you know what spells opportunity? How about a business serving the housing needs of an aging baby boomer population? So what is this opportunity? It's called residential assisted living and the subject of this week's podcast. We interview Dr. Sendhil Krishnan who is crushing it with residential assisted living (RAL) facilities. He currently owns 7 of these facilities in the Phoenix/...

  Are you looking for a way to increase cashflow from your property but don't want to deal with the hassles of a short-term rental? Or maybe you are in a situation where the City or HOA instituted new regulations that prevent you from using your property as a short-term rental. Enter mid-term rentals. Mid-term rentals are furnished rentals that you rent out for somewhere in between a short-te...

  Have you ever made an investment mistake that cost you tens of thousands of dollars? What if you could have avoided that mistake? How much better off would you be if you avoided that mistake? One way to avoid mistakes is to know about the ahead of time and that's what this episode is all about. In this episode, we summarize the top five mistakes we see investors commonly make and some of th...

  This is the next installment of our Student Spotlight series where we interview students from our Zero to Freedom Course. The goal of this series is to share their real estate journeys with the hopes that their stories will inspire you to take action! Dr. Ayush Gupta was a student in our Summer 2020 class and we have enjoyed watching him grow his real estate Empire. We wanted to interview Ayush...

  Forced appreciation is one of the most powerful wealth building strategies for real estate investors. When most people think about appreciation, they think about market appreciation. This is a type of appreciation that occurs when the value of the properties in a market go up. As a result, you can't control whether the property value goes up or down. In contrast, forced appreciation is some...

  If you're new to our community, you probably haven't heard the news: we've become digital nomads! You might be wondering what that even means. Well, in late August 2021, we put everything in storage and packed the rest of our belongings into 22 suitcases and are now traveling as a family unit of 7 people around the world! In this episode we talk about the reasons we decided to emb...

  You've heard us talk about cashflowing rentals, but what about cashflowing pre-schools? That's exactly what Dr. Krishni Somaratne and her husband are doing - building an Empire of pre-schools! In this episode, you'll hear the story of how Dr. Somaratne bought their first pre-school business and what it takes to take a dying business and turn it completely around. What struck us fr...

  What makes a short-term rental stay a top-notch experience? Anyone who has stayed in a short-term rental will tell you that it all comes down to hospitality. As short-term rental owners, it makes all the difference if we anticipate the needs of our guests and create a memorable experience that guests will want to return to time and time again. To get a fresh perspective on short-term rental hosp...

How many of you have heard someone say: "There are no good deals out there." or "You can't find good cashflowing deals in this market." Some of our students have even been told by agents or other investors: "Maybe you should try a different market?" If this has been your experience of the current market, then this episode is for you! In this episode, Leti and Ken...

  Our students have a leg up on where we were when we first started out in our real estate investing journey in so many ways! As a dual physician couple, it took Kenji and I over 5 years to learn on the go as we invested and built up our real estate portfolio. A lot of it was trial and error, and tons of valuable lessons! Our accrued knowledge gives you an incredible advantage, and means that you...

  Do you own a medical practice? Are you thinking about starting one? If so, you're not going to want to miss this episode! If you own a medical practice, one the most important considerations is to start with the end in mind. In other words, how much are you going to sell your practice for when you're ready to move on? In this episode, we speak with valuation expert, Chris Young. Chris...

  If you've been following our podcast, you probably know about our journey to financial freedom through cashflowing rentals. What most people don't realize that it all started with a decision to change our spending habits and SAVE! We don't talk about saving much but the decision to save is actually one of the big shifts that students from our Zero to Freedom course make when they...

  This is the very first of our Student Spotlight series where we interview students from our Zero to Freedom Course. The goal of this series is to hear about their real estate journeys with the hopes that their stories will inspire you to take action! We couldn't have asked for a better guest than Alisa for our first student spotlight. She took our Summer 2020 course and immediately started...

  Hidden value or value add opportunities is one of our favorite topics! Why? Because tapping into hidden value means more cashflow and forced appreciation! In this episode we dive deep into a number of hidden value opportunities including: Identifying under-market rents Finding space for extra bedrooms or units Creating storage units and work spaces Billing back utilities Lowering utility bills b...

  If you're thinking about investing in real estate or even if you've bought a rental property or two, you've probably asked yourself this question: should I invest for cashflow or appreciation? In this episode, we give you our take on this question and let you in on a little secret: we don't have to make that choice because we invest for both cashflow AND appreciation. Here ar...

  Many accountants approach taxes as something to fear. You hear them saying that taking advantage of certain tax benefits will trigger an audit. Tom and his team of accountants take the opposite approach. They view the tax code as a series of incentives and that it's their responsibility to help you benefit from these incentives and reduce your taxes. In this episode, we cover a number of im...

  Ever wondered what it's like to be a female CEO of a multi-million dollar business? In this episode, we sit down with Letizia to learn what it's like to run Semi-Retired MD as a female CEO. What training/coaching have you implemented to help you in your journey? What does a typical work day look like for you? Can you walk us through your routine? What strategies do you use to balance b...

  Are you a high income professional and paying too much in taxes? If so, this is the episode for you! In this episode, we sit down with Chet Syverson of Curated Accounting to discuss all of the different ways high income professionals can shelter income. For those following our blog, you know about Real Estate Professional Status (REPS), but there are in fact, several other ways you can shelter i...

  Have you ever wondered why so many people make poor investment decisions? You might be surprised to learn that one of the main reasons is that that they don't take the time or space to stop and think. When you encounter a new investment opportunity, most people can easily list all of the upsides. But how often do you stop to think deeply about the downsides? And how often do you then come u...

  We are excited to welcome back Amanda and Matt to the show! If you don't know about Amanda and Matt, be sure to check out Episode 4 where we interview them about the tax benefits of real estate investing. In today's episode, we talk about the upcoming tax season. With 2020 being such an unusual year with COVID and the CARES Act, there are a lot of issues to consider. We also discussed...

  In this episode, we welcome Chris and Linda Tighe to the show. Chris/Linda are co-founders and owners of Pacific Rim Property Management. They manage three of our properties, which totals 61 of our units. Some of the highlights of the show include: What to look for in a property manager The pros/cons of the different property management fee structures. They use a flat fee model so we discuss the...

  Have you ever wondered how to get started in rental property investing? Should you start with single family homes, small multifamily properties or a large multifamily property? The answer is, it depends! There are pros/cons to each and it really depends on your personal preferences, your investment goals and the market you choose. In this episode, we'll help you figure out how to answer thi...

Burnout is a word not often spoken (at least, not out loud) within the physician community, but today's guest, Russ Richmond of Laudio, seeks to change that stigma. Burnout led him on a journey of self-discovery that he shares daily with those around him, and he gives us a ton of keys to success. Learn how effective leadership, self-belief, and even proper management structure can make a huge...

This is your time! We felt it was a great time to review the year that was 2020, and we invite you along for the journey. Each of us brought three "takeaways" from our portion of the businesses, Kenji with real estate, Leti with SRMD. There was definite common ground with mindset work and limiting beliefs, and we refer to our Year in Review blog posts, found here: https://semiretiredmd.c...