Rich Doc Poor Doc

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 episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode! Wait there's more... If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! For more DBW, Semi-Retired MD, and content from Leti & Kenji, follow us on your favorite platform. Semiretiredmd.com Leti IG Kenji IG SRMD FB SRMD IG Youtube Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 business with his father to finally getting his U.S. citizenship in 2015 and all of the doors that have been opened, in large part because of the mindset of believing he can achieve anything. It's a truly inspiring journey and with many lessons for all of us along the way!

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/Scottsdale area and plans for massive expansion. What's really exciting about what he's doing it is that it not only is extremely profitable, it also serves an incredible mission: serving the needs of our elderly population. On top of that, as a physician, he is able to differentiate himself from other RAL facilities and really pioneering the care provided at these facilities from preventing hospitalizations to improved health monitoring. This is such an exciting opportunity, Leti and I are looking into getting into the RAL space ourselves! Stay tuned! Follow Dr. Sendhil Krishnan to learn more and connect below! website: mdseniorliving.com email: sendhilk@mdseniorliving.com Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 them, we've made ourselves! Follow us on your favorite platform! Semiretiredmd.com Leti IG Kenji IG SRMD FB SRMD IG Youtube Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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-term rental and a long-term rentals. These are your 30, 60 or 90 day stays. Brian Payne, CEO and co-founder of Furnished Finder, specializes in helping you find tenants for your mid-term rental. This site is a well known resource among traveling healthcare professionals but maybe not as familiar to investors who own properties that could potentially be ideal for mid-term stays. So if you're looking for a way to increase your cashflow or get around those short-term rental regulations, consider a mid-term rental for your next property. Follow Brian Payne to learn more and connect below! www.furnishedfinder.com brian@furnishedfinder.com Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 because he is hacking his way to financial freedom. On the real estate side, he started out with a house hack. For those who don't know about house hacking, CLICK HERE to read about our house hack. He shares how he was able to purchase this property with an FHA loan and only putting down 3.5%! He also shares what it's like to live next door to your tenants as a physician. In terms of life hacking, Ayush shares a number of pearls. For example, he shares how he uses a VA to help him advance so quickly in his medical career. He also leverages a VA for helping him manage his real estate portfolio. Another example is that he is very diligent about documenting systems and processes. This helps him cut down the time that it takes to complete rehabs, for example. In this episode, we also mention a FREE download called: How to Use a VA to Grow Your Real Estate Empire To download this for FREE, go to: www.semiretiredmd.com/VA Follow Dr. Ayush Gupta to connect and learn more below! www.mdhousehacking.com Instagram: @MDhousehacking https://www.instagram.com/mdhousehacking/ Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 something you can control. It happens when you increase the income that a property generates. When you increase the income, property values go up. Forced appreciation works well for larger multifamily properties. When you increase the income that these properties generate, the value tends to go up. However, for smaller properties, we sometimes don't see a direct correlation between income and value. So our community often asks us, can you force appreciation smaller 1-4 unit properties? In this episode, we explore this question and more!   Who do you want to see in the next episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!   Wait there's more...If you enjoy the Rich Doc Poor Doc podcast, check out our FREE real estate Crash Course training. Get exclusive, actionable advice and resources about creating financial freedom with real estate investing!    For more RDPD, Semi-Retired MD, and Leti & Kenji content, follow us on your favorite platform.   Semiretiredmd.com (turn into hyperlink) Leti IG: https://www.instagram.com/letiziaalto/ Kenji IG: https://www.instagram.com/kenjionthego/ SRMD FB: https://www.facebook.com/semiretiredmd SRMD IG: https://www.instagram.com/semiretiredmd/ SRMD Youtube: https://www.youtube.com/channel/UCibjmeDUNn568Egl5TppnPg   Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 embark on this journey. We also share some of the challenges of becoming digital nomads and how we are planning to address those challenges. Finally we share some strategies for how you too can make this a reality for you and your family. If you want to follow us on our journey, be sure to follow us on Instagram and YouTube. We'll be posting pictures and videos of our journey. Instagram: Kenji: https://www.instagram.com/kenjionthego/ Leti: https://www.instagram.com/letiziaalto/ YouTube: https://www.youtube.com/channel/UCibjmeDUNn568Egl5TppnPg Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 from this interview are the parallels between buying a pre-school business and buying a cashflowing rental. Businesses are valued on the income they generate, you look for hidden value and opportunities to improve income and you use your negotiating leverage to score a great deal. Follow Dr. Krishni Somaratne to connect and learn more below! Facebook - Krishni Somaratne Instagram - @krishni7 Krishni Somaratne, MD, MPH Internal Medicine, Hospitalist Kaiser Permanente Orange County Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 hospitality and service, we interviewed Wil Slickers for this week's Rich Doc Poor Doc podcast. Wil aims to always exceed expectations, and he gives us some tips this week on ways to do that. He also introduces the idea of creating a destination for your short-term rentals instead of buying an over-priced property in an established destination. In other words, go where nobody is going now and find ways to make the are the place to be! Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 Kenji give you six different tips for competing in a hot market. They have used these tips themselves to secure great deals and these are the tips they teach their students in their highly popular real estate course for doctors and high income professionals: Zero to Freedom Through Cashflowing Rentals. Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 can get a head start on your own real estate investments! In this week's podcast episode, we discuss the five reasons why we believe that our students will be more successful than us. Mindset End-to-end strategy through our Zero to Freedom Course Our agent network Our vendor network Community support, including our Team Investing Groups Tune into this episode to learn all the reasons why you will be so successful in your own real estate investing journey. So much more successful than us! Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 you are going to sell your practice for when you're ready to move on? In this episode, we speak with valuation expert, Chris Young. Chris is passionate about helping doctors, who "dedicate their life to service" set themselves up for retirement by maximizing the value of their practices. During this episode, he breaks down the sources of value for a medical practice and how to maximize them at the time of sale. Just like we do with our rentals (or you can with any business for that matter!), you can "force" appreciation of your business by increasing income and decreasing expenses to raise the value. If you're ready to learn how to maximize the value of your business, check this one out! Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 start their journey. They go from dreaming about buying a vacation home, nice shoes and handbags or a new car to thinking only about duplexes! This decision to save coupled with investing your savings in cashflowing rentals is what helps you accumulate wealth rapidly. You can get there too, and it only requires you to make a decision!! Be sure to download our free Increase Your Savings Checklist (semiretiredmd.com/save) and get your real estate journey started on the right foot. Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 taking action. Since taking our course, she has purchased two duplex and three short-term rentals! And oh by the way, she is a full time pediatric gastroenterologist, medical director of IBD Center, mother with four children (two are autistic) and doing all of this alone because her husband is not involved (though he is very supportive!). So if you've ever thought to yourself, how am I going to work a full time job and build a rental portfolio, think of Alisa!! Get ready to be blown away, because you're invited to our first Virtual Summit: Fast Fire to Freedom! It's a FREE Summit by doctors for doctors—where doctors and their families can hear about real estate investing from colleagues and peers, instead of experts who are light years ahead of them Register for FREE! (https://semiretiredmdvip.mykajabi.com/summit?cid=092a8c94-aae0-4cac-8207-51766b5f9fab), and secure your spot for this premier experience! Our 4-day virtual summit will leave you FIRE'ed up to take your real estate investing to the next level! Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 by becoming more energy efficient These are just some of the hidden value opportunities we covered in this episode. If you are going to separate yourself from the average investor, you are going to want to become good at spotting hidden value! Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 are the highlights of this episode: Kenji has a lot of experience investing for appreciation so he shares what it "feels" like to gamble on appreciation, both when it goes your way and when it doesn't! We share why we focus on investing for cashflow and what it "feels" like to own a portfolio of cashflowing properties. We also share how it can be life-changing to have an alternative stream of income. We explain the difference between market appreciation and a different form of appreciation called forced appreciation. We explain how we can invest for both cashflow AND forced appreciation. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 important topics: How you're "dead in the water" if you're just a W2 wage earner. To be able to take advantage of tax incentives, you need to be a real estate professional or own a business The importance of tracking hours for real estate professional status The secret to approaching audits the right way! We had an interesting discussion about the evolution of real estate professionals and what multi-million dollar real estate investors are doing differently than the average investor and what makes them successful Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 being a mother and a CEO? Have you ever encountered any stereotypes as a real estate investor or as a female CEO? What's been the best part about owning and running a successful business? What advice would you give to women who want to be successful leaders? These are the questions she covered in this episode and more! Check out the SRMD blog post on this podcast episode as well! SRMD Blog: https://semiretiredmd.com/podcast/ Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 income without REPS.   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 up with a plan to mitigate any potential downsides? In this episode, we go through a number of examples from students who have gone through our Zero to Freedom course. Here are a few of the investment decisions our students have asked us about: You guys have liquidated your 401(k), should I do the same? We just got the inspection report back on the property and it's a disaster! Should I run away from this deal? The numbers on this property look great! What am I missing?   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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 several more advanced topics that our students have encountered on their journey to Fast FIRE including: What might happen to 1031 exchanges with the new Administration? What is personal property and how does it impact your 1031 exchange? The truth about audits What are the tax consequences of forming a management C-corporation?

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 benefits of this model. We then got some pearls about self managing, for those who aren't going to use property managers Given their military backgrounds, Chris/Linda have unique insights about how to serve this niche tenant population Since they are in business together, like us and many of our students, we talked about working together as a couple in a business

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 difference in burnout and our fulfillment at home or on the job. Richmond went from working 12-hour days as a physician and quitting due to burnout to creating Laudio to help others manage each other and themselves more effectively. You won't want to miss it!

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.com/our-real-estate-year-in-review-2020-part-i-investment-property-sales/ We hope you can learn from our experiences in 2020 to help make 2021 the best year yet. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Jimmy Turner of the Physician Philosopher joins us this week to discuss his mindset work and how it led to successful ventures in personal finance blogging, finance and life coaching, and how it changed his life for the better. We are big fans of mindset and mindset work, and Jimmy is a powerful example of how changing thoughts can lead to eliminating limiting beliefs and cause great change and action. Find out more about Jimmy and his journey this week! Jimmy covers these topics and more in his course, Alpha Coaching Program, If you want to take the course with us, you can register here! Note: We are affiliate partners of Alpha Group Coaching Experience and will receive a portion of sales if you choose to buy at no additional cost to you. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms

Mindset work and thinking time are just two vital parts of our business. Today, we share lessons we have learned so far from the original Rich Dad, Keith Cunningham. Leti is currently a part of a mastermind with him, and shares five things she learned that can help you today.

We've had lots of interest in short-term rentals lately from those that have taken our course, and decided to take the plunge ourselves. Today we discuss why we recently invested in a short-term rental, as well as breaking down tips and tricks for getting the most out of your investment. We also highlight our new Short-Term Rental COC Calculator, which you can find here: https://semiretiredmdvip.mykajabi.com/str-coc-calculator

This week Glenn Kelman, CEO of Redfin, joins us to share the keys to entrepreneurial success and management of a billion-dollar real estate company. We also ask him about if there are any new Redfin offerings for real estate investors coming down the pipeline. Find out how he went from no prior real estate experience to reinventing online real estate completely, as well as how a certain beverage motivated his success!   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

In this two part series, best-selling Rich Dad Poor Dad series author and lawyer, Garrett Sutton, joins us to talk about asset protect and the loopholes of real estate investing. Garrett is such a wealth of knowledge that we couldn’t just do one episode, we had to do two!     Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

In this two part series, best-selling Rich Dad Poor Dad series author and lawyer, Garrett Sutton, joins us to talk about asset protection and the loopholes of real estate investing. Garrett is such a wealth of knowledge that we couldn’t just do one episode, we had to do two!  https://semiretiredmd.com/rdpd-real-estate-legal-entities-with-garrett-sutton-part-1/

This week best-selling author and relationship expert Allison Armstrong joins us to discuss how couples can thrive while working together in business. The number of pearls of wisdom she gives us about men and women and their interactions is frankly incredible. If you’d like to learn more from Allison, please check out her website at https://www.understandmen.com/. https://semiretiredmd.com/rdpd-how-to-create-a-partnership-with-your-significant-other-alison-armstrong/   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

This week we host former Zero to Freedom Through Cash flowing Rentals students Dr. Latifat Akintade and her IT expert husband, Olushile to the podcast. Latifat and Olushile are both active real estate investors, currently investing in two markets, and Olushile will be claiming real estate professional status this year. In addition, Latifat is a trained life-coach and founder of Money Fit MD, where she helps women physicians take control of their finances. We always leave our conversations with these two completely inspired and energized, and we know you will feel that way too after hearing their story! https://semiretiredmd.com/rdpd-zero-to-freedom-student-journey-latifat-and-olushile/ We also wanted to include a short video by Money Fit MD about how to communicate with your spouse about money: https://www.moneyfitmd.com/blog/2  If you are interested in learning a new money management program to help you achieve financial freedom, get registered here: https://semiretiredmd.com/moneyfitmd  Note: We are affiliate partners of Money Fit MD and will receive a portion of sales if you choose to buy at no additional cost to you. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

On this week’s podcast episode, our friend and phenomenal lawyer, Michael Smiken joins us to discuss negotiation and dispute resolution. Michael has helped us personally in several sticky real estate situations, some of which actually turned out to our benefit in the end! You’ll likely be surprised to hear what is at the core of all his legal success! https://semiretiredmd.com/rdpd-handling-negotiations-and-disputes-michael-smiken/    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

This week sex-therapist, Buddhist psychologist and author, Dr. Cheryl Fraser joins us to discuss how to improve your relationship with your significant other and keep passion alive over time. Since so many of our listeners launch their real estate investment businesses together as a couple, we have chosen to invite relationship experts like Dr. Fraser to our podcast to help all of you (and us!) better navigate the day to day challenges of being partners in life and business. Dr. Fraser will host a special live Q&A for our community on Oct  22nd at 5 pm PST. Please click the link below to join the webinar: https://semiretiredmd.com/dr-fraser-live-q&a   Passcode: 565157 Please feel free to send your questions to her ahead of time at cheryl@drcherylfraser.com so she can answer them for you anonymously. https://semiretiredmd.com/rdpd-real-estate-business-partners-and-life-partners-dr-cheryl-fraser/ Check our Cheryl’s Online Couples Immersion Program Become Passion here! https://drcherylfraser.mykajabi.com/join-become-passion For more information about Dr. Fraser's work check out her website: www.drcherylfraser.com   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Let’s face it. Bookkeeping can be a real drag. When it comes down to doing the bookkeeping for your rental portfolio, do you often wonder if you’re doing it right, or if it’s actually giving you the answers you need to grow your business into an empire? Well, we used to dread doing the bookkeeping for our portfolio. We were, in many ways, even afraid of doing it. We don’t want the same for you, so we decided to do something about it. We created a course, Fast FIRE Bookkeeping for Real Estate Investors, to walk you through everything you need to know when it comes to being the CFO of your own business: from trends, to categorizing, to which software to use (PS thank goodness for QuickBooks  ). Turn your fears into freedom. Sign up for the course today by using this https://semiretiredmd.com/fastfirebookkeeping  https://semiretiredmd.com/rdpd-real-estate-bookkeeping Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

This week brilliant legal mind, Fred Pinto, joins us to discuss the legal issues that all entrepreneurs should consider when building and exiting their businesses. Fred has an upcoming course that teaches entrepreneurs how to get their companies "Fit for Exit." Fred covers all of these topics in his course, which launches October 26. But, if you want to take the course with us, you can register here right now! Note: We are affiliate partners of Fred Pinto and will receive a portion of sales if you choose to buy at no additional cost to you. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

In this week’s episode, our friend, physician, and life-coach Dr. Sunny Smith joins us for an episode jam-packed with information about the importance of coaching for physicians. Sunny shares how coaching changed her life, and how she’s built a seven-figure business, Empowering Women Physicians, to serve suffering physicians. Of course, we also ask about her real estate investment journey too! Sunny is currently offering a coaching program, which we cannot recommend highly enough. If you don’t have a coach, now is the time to get one! If you’d like to sign up for coaching with Sunny, you can find more information here.  Note: We are affiliate partners of Sunny Smith and will receive a portion of sales if you choose to buy at no additional cost to you. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

This week our good friend and fellow physician blogger, podcaster and course creator, Bonnie Koo, MD, joins us to talk about building her business. She shares some mindset strategies that have helped her be successful as an entrepreneur as well as some great resources for any of you thinking of starting online businesses. Bonnie’s flagship course Money for Women Physicians launches 9/23! Enrollment opens September 23…join the waitlist here! Note: We are affiliate partners of Bonnie Koo and will receive a portion of sales if you choose to buy at no additional cost to you.   https://semiretiredmd.com/rdpd-business-building-with-dr-bonnie-koo/ Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Our friends Brad and Jen Sumrok join us this week to chat about large apartment investing, how claiming real estate professional status saved them a million dollars in taxes a year and about building their syndication company. Brad and Jen are hosting their annual AIM NAT CON conference on September 19-20th , which is 100% virtual this year and approaching fast on September 19 & 20! Don’t miss your chance to learn from several experts in the industry who will be sharing time-sensitive and relevant information about how their companies are pivoting, what they’re doing to continue thriving during COVID-19, and more! Note: We are affiliate partners of Brad Sumrok and will receive a portion of sales if you choose to buy, at no additional cost to you. https://semiretiredmd.com/rdpd-leading-syndications-with-brad-and-jen-sumrok   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Building a business is certainly more of a marathon than a sprint. Trust us – if you sprint, you’ll burn out quickly. We started Semi-Retired MD in 2018 as a passion project, and we only made $1,000 in the first year. Today, we are proud to say that we’ve turned it into a multi-million dollar business only a couple of years later. How did we do it, you ask? Check out today’s episode to hear what we learned building our business.  Read more: https://semiretiredmd.com/rdpd-building-our-business   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Author, podcaster, flipper, and expert real estate investor J Scott joins us this week to talk through how to expertly rehab your rental properties. J has so many useful rehab (and mindset!) insights, this podcast is valuable to every investor, no matter your stage or experience. J can be reached at j@jscott.com. SOCIAL MEDIA Website: jscott.com, 123flip.com Instagram: JScott_123Flip Facebook: jscottinvestor Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

In this week's episode, Travis Rosser, co-founder of the popular online training platform Kajabi and author of You Inc, joins us to discuss how to create the business you already have within yourself. He gives us useful tips on how to find your niche as well as how to actually start building your business using his LAPS framework. If you're thinking of building a business, this podcast will help you know exactly where to start! Kajabi is a platform that has helped us greatly with building our own course, while continuously providing us with the customer support and information we need to make the most of our Kajabi membership. Turn your ideas into income with Kajabi – start here. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.  

Dana Dunford, CEO of Hemlane, a management software for rental properties, joins us this week to discuss self-management. During the interview, she tackles tough questions like what to do if you're self-managing from afar and have an eviction, to how to find the best tenants and how to determine the market rental price.   Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.  

Clint Coons, lawyer and asset protection expert, joins us this week to discuss rental property asset protection. In this episode, we discuss the basics such as property-owning and umbrella LLCs, series LLCs and insurance. Then we dive into some of the deeper complexities of asset protection such as how to structure your asset protection plan if you're a California resident and how to use land trusts in states with transfer taxes. If you're interested in connecting with Clint, you can reach him at ctruscott@andersonadvisors.com. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Our friend and fellow financial blogger, Dr. Peter Kim, of Passive Income MD joins us in this week's episode. Peter shares some of the story behind how he became interested in building several sources of passive income. We also discuss the importance of mindset and our Tony Robbin's experience. If you're a fan of Passive Income MD and want to learn more about him, this is the episode for you!

Veronica Karas, a Senior Financial Advisor at CAPTRUST, joins us in today's episode to discuss tax efficient estate planning for real estate investors. As a fiduciary for highly successful clients, Veronica shares insights about Intentionally Defective Grantor Trusts (IDGT) and how we, and other real estate investors, can use these trusts to pass down our estates most tax efficiently to our children or to charity. She also shares why it's such a great idea to consider putting properties into an IDGT during a downturn. If you have a significant size real estate portfolio or net worth, this episode could save you a lot of money. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms

You're holding yourself back from reaching your potential. Don't believe us? In this episode, we cover some of the most common beliefs that hold our students back (and have held us back too!) from trying new things, taking risks, and growing. While it's geared towards real estate investing, this episode is applicable to all facets of life. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms

Why do we believe real estate is the best vehicle for wealth building? In this episode, we cover the unique benefits of real estate over other vehicles, such as investing in the stock market or building a start-up business. Between the cashflow, tax benefits, leverage, depreciation, passivity, and more, there's a reason we have a bulk of our wealth in real estate! Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms