Doctors Building Wealth

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...

  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...