Podcasts about pranay parikh

In this episode, Dr. Peter Kim interviews Dr. Pranay Parikh as he shares valuable strategies for scaling and expanding your real estate investments. Gain insights on growing your real estate portfolio, the flexibility and financial freedom in the real estate industry, and the advantages for doctors planning to start today. We talk in-depth about all of this and more in our course–Passive Real Estate Academy. Want to learn everything about investing in real estate with confidence? You can grab your seat right here! Like what you heard? Subscribe and Rate us!  

Quick Take - (Full Episode - #83 - Link Below to Full Episode) We have an excellent discussion that will ring true to any professionals who are looking to recapture their time from the grueling hours put into a W-2 job. Welcome Dr. Pranay Parikh, a practicing physician who is also helping doctors build generational wealth through real estate. Dr. Parikh understands the grueling demands of a high-stress profession such as medicine - the years of education, the sacrifices through one's 20's and 30's to build a career while assuming mountains of debt, and the actual demands of the job. Many doctors dream of being more present with their families, and Dr. Parikh educates his peers on how to establish wealth for the next generation, and practice medicine on their own terms. Dr. Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and help hundreds of physicians gain financial security and control of their own time. The concepts that we discussed in this episode ring true for people in high-paying professions that required years of education and thousands of dollars of student loans- medicine, attorneys, business professionals, and many more. In this episode, we discussed: - Addressing the unique challenges that medical professionals have when starting with real estate investing - What revelations that Pranay had that brought him into real estate investing. - How does being a medical doctor fit in with the FIRE movement? - What are some of the advantages that medical professionals have in the space of entrepreneurship? - Building a team and the opportunities that abound when networking with professionals in other fields - Starting a podcast and building an indwelling audience before figuring out the ultimate direction of a venture - Tips for real estate professionals to make a connection with doctors and other professionals :: Link to Full Episode - https://youtu.be/K5pEH0hUOiA Where you can find Pranay: LinkedIn - https://www.linkedin.com/in/pranay-parikh/ Website - https://pranayparikh.com/ Facebook - https://www.facebook.com/pranayparikhmd Ascent Equity Group - https://ascentequitygroup.com/ From MD to Entrepreneur Podcast - https://www.frommd.com/ Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #financialfreedom #entrepreneurship #passiveincome #entrepreneurship #timemanagement #impostersyndrome #firemovement #financialindependence _____________________ Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Help us Spread the Word If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!

Do you ever feel stuck in a never-ending work cycle with no financial freedom in sight?   Join us as Pranay Parikh shares "hacks" that have been instrumental in helping him find financial freedom and work less. He stresses how he has avoided decision fatigue and focused on important decisions related to investments. This episode explores the importance of creating a rule and iterating it multiple times while emphasizing the need to take action without procrastinating or being a perfectionist. Tune in now to learn how having clear rules and taking action can help you speed up your journey towards financial freedom!   Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 36 months, he's bought over $250 million in real estate and helped 100s of others invest in real estate without being a landlord.     [00:01 - 04:52] Pranay's Hacks for Achieving Financial Freedom and Working Less • Systems are the way to go to achieve goals • Pranay shares his rules and how they help him focus on important decisions • How you can maintain your willpower and save time   [04:53 - 09:41] Taking the Fear Out of Decision Making • How Pranay uses rules to make progress towards his goals • Trial and error process to decide when to implement a rule • Give yourself maximum time to think of the best rule possible • Iterate rules until the desired outcome is achieved   [09:42 - 13:30] Closing Segment • Perfectionism can be procrastination due to fear • Stealing from future self by not taking action     Connect with Pranay:   Website: ascentequitygroup.com Facebook: Pranay Parikh LinkedIn: Pranay Parikh Podcast: From MD to Entrepreneur with Dr. Pranay Parikh     Key Quotes:     "You can have goals, but if you build the systems to get you there, you're much more likely to have success." - Pranay Parikh   "The less decisions that I need to make, the more I can really focus on the important decisions." - Pranay Parikh   "The people who say they're perfectionists are actually procrastinating." - Pranay Parikh       WANT TO LEARN MORE?   Connect with me through LinkedIn.   Or send me an email at sujata@luxe-cap.com   Visit my website, www.luxe-cap.com, or my YouTube channel.   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

“No one tells a toddler…Hey, you know, you fell 5000 times, I don't think walking is going to be for you.” - Dr. Pranay ParikhSo, what makes entrepreneurship a tricky feat for doctors?Well, it comes down to how they were trained. Doctors have to be very risk-averse and have a very perfectionist approach. Add to that time limitations and a low skill diversity outside of medicine and you can see why becoming a risk-taking entrepreneur seems pretty far-fetched.But as Dr. Pranay Parikh explains, it IS possible. But we need to take the steps to overcome the analysis paralysis we often stumble into.For more on this, listen to the full episode here: https://vikramraya.com/taking-the-leap-from-doctor-to-entrepreneur-with-dr-pranay-parikh-limitless-md-episode-78/ Resources:- Free community of high-performing physicians: the Physician Wealth Accelerator - https://vikramraya.com/programs/ - Group Coaching Now Open. https://www.freedom5doc.com/home58481126 Connect with Vikram:- Website: https://vikramraya.com/ - Instagram: https://www.instagram.com/vikramraya/ - Facebook: https://www.facebook.com/Vikramrayamd- LinkedIn: https://www.linkedin.com/in/vikramraya/- YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQSpecial Thank You to Music Provided by Music Library: https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free

How do physicians diversify their income streams and ensure access to money for investments?   Today, we delve into Pranay Parikh's journey in medicine and real estate. From graduating from Caribbean medical school to completing residency at USC and investing in real estate, Pranay shares his story of overcoming obstacles to success. He talks about how to achieve success in business and medicine, including the importance of diversifying income streams and access to money for physicians. Pranay shares his unique perspective on how to use one's skills and knowledge to learn new subjects outside of medicine quickly, identify what one wants in life, and create decisions that are aligned with who they are. Let's dive in!   Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 36 months, he's bought over $250 million in real estate and helped 100s of others invest in real estate without being a landlord.     [00:01 - 06:50] Unconventional Path to Medicine Leads Pranay Parikh to Real Estate Success • How Pranay became a doctor, entrepreneur, and podcast host • A course to teach others about real estate • Real estate market doesn't always work your way • Reputation is more important than money   [06:51 - 13:33] Working Hard to Achieve Success • In deals, sometimes things go wrong, and you need to be able to pick yourself up and move on • How a team of 3 full-time people and contractors owns 310 million worth of real estate • Doctors often live hand to mouth due to high salaries becoming a 'golden handcuff' • White Coat Investor suggests living like a resident for a few years and working like one in the first year out of residency   [13:34 - 19:29] How to Create a Life of Balance and Abundance • The tax benefits and access to money through real estate investments • How to create a stream of income that doesn't make the tax situation worse • The effective life formula: Identity, what you want in life, making decisions aligned with values, and diversifying work   [19:30 - 23:12] Closing Segment • The gold medal syndrome - feeling lost after achieving goals • Physicians need to focus on having more options for their work hours     Connect with Pranay:   Website: ascentequitygroup.com Facebook: Pranay Parikh LinkedIn: Pranay Parikh Podcast: From MD to Entrepreneur with Dr. Pranay Parikh       Key Quotes:     "It is more important what I do with my money than how much I make." - Pranay Parikh    "The deeper you are in one subject, the more fearful you feel about knowing something else." - Pranay Parikh   "You need to have a way to make decisions that are aligned with who you are and what you want." - Pranay Parikh   "We get super excited, and we want to do something, but we need to make sure the systems that we build are something that we can have consistency over time." - Pranay Parikh       WANT TO LEARN MORE?   Connect with me through LinkedIn.   Or send me an email at sujata@luxe-cap.com   Visit my website, www.luxe-cap.com, or my YouTube channel.   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

If you want to raise capital from doctors, learn Pranay Parikh's four steps to do it on today's episode. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Pranay Parikh is a Physician, investor, and entrepreneur. Pranay has a passion for helping other doctors reach financial independence and do more of what they love. He is obsessed with becoming the best version of himself whether it be in business, education, fitness, marriage, or family. Now Prayany seeks to teach others so they can skip all the missteps and struggles he had to go through. Four steps to raising capital from doctors 1. Identity 2. Figure out your Why 3. Figure out what you want 4. Build a system together 3 Pillars 1. Personal development 2. Real estate 3. Stock market Books: The Dictionary of Obscure Sorrows by John Koenig You can connect with Pranay at www.ascentequitygroup.com/start or Pranay@ascentequitygroup.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

In this episode, our host Dr. Pranay Parikh dives into the entrepreneurial journeys of Manasa Matravadi, Mike Woo-Ming, Dhaval Bhanusali, and Zwade Marshall. Tune in to get insights on hiring challenges, mastering financing, and leveraging medical expertise for business success. Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. Thank you to MLG Capital for sponsoring this week's episode… For 35 years, MLG Capital has excelled in intelligent real estate investments and building investor relationships. Their funds prioritize diversification, cash flow, and low leverage, offering a robust hedge against inflation. Ideal for medical professionals and other accredited investors seeking stability amid market volatility. Making smart, relationship-driven investments. Learn more about MLG Capital

Dr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship.Main point:Why do Doctors Make Great Entrepreneurs?Why do anything outside of medicine?What part, if any, of your training in medicine helped you in entrepreneurship?What advice do you have for other professionals that feel stuck? How and Why to Make Time for Real Estate InvestingHow do you choose what to spend your time on?The 5 Steps to Invest in a Commercial Real Estate SyndicationHow to Succeed as an Entrepreneur While Working a Full-Time JobWhy It's Important to Have a Side Hustle Despite Having a High Paying JobReal Estate as a Source of Financial FreedomConnect with Pranay Parikh: Check out ascentequitygroup.cominfo@frommd.comhttps://www.facebook.com/pranay.parikh2https://www.linkedin.com/in/pranay-parikh/Podcast- From MD to Entrepreneur

--------- EPISODE SUMMARY --------- What if you could transition from trading time for money to creating passive income that builds generational wealth? Today's guest, Pranay, did just that! As a medical doctor, he understood the importance of his time and found a way to invest it wisely by venturing into real estate. The transition wasn't a cakewalk, but he leveraged his medical discipline into the world of investments and syndications, eventually becoming a real estate mogul. Along his journey, he developed a course to help others navigate these financial waters, with a focus on the benefits of investing locally and passively in syndications. Pranay's story isn't just about wealth creation, but also about wealth conservation and propagation. He talks about the often confusing world of real estate investment in the United States, walking us through the complexities, including the criteria for becoming an accredited investor. If you've ever wondered about the benefits of group investment and its related tax benefits, Pranay has some insights for you. He shares his definition of generational wealth and how it can be achieved through strategic and well-informed real estate investments. Tune in to this episode to discover the art of leveraging money for generational wealth. Get ready to be enlightened and empowered! About Dr. Pranay Parikh From MD to Entrepreneur is the podcast that teaches fellow medical professionals how to find financial security outside of medicine. Hosted by Dr. Pranay Parikh who was a fresh attending with zero business experience. Despite loving the work and medicine, he soon realized the lack of financial security or control over his schedule. Today, Dr. Pranay is a serial entrepreneur, President of a private equity firm (https://ascentequitygroup.com) in passive investing, and is now practicing medicine on his own terms. Listen on to learn how he's helped hundreds of doctors do the same using the link below: Listen to From MD to Entrepreneur with Dr. Pranay Parikh on his podcast

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socials Instagram - https://www.instagram.com/frommdpodcast/ LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/ Website - https://www.frommd.com/episodes/

In this episode, we are joined by the multi-talented Pranay Parikh, M.D. Pranay is not only a Physician but also a Real Estate/Venture Capital Investor, Co-Founder of Ascent Equity Group, Co-Creator of Passive Real Estate Academy, and Host of the From MD to Entrepreneur Podcast. His expertise and passion lie in collaborating with fellow physicians to foster a community focused on ethical and equitable real estate investing. With his extensive knowledge and experience, Pranay has been a sought-after speaker at conferences like the Financial Freedom Through Real Estate, where he imparts his wisdom on real estate investment strategies. Through his podcast, From MD to Entrepreneur, he provides valuable tools and resources for doctors looking to take control of their lives and finances as physician entrepreneurs. Join us in this episode as we delve into the world of real estate investing, passive income strategies, and the inspiring journey of Pranay Parikh, M.D., as he empowers physicians to achieve financial freedom through real estate entrepreneurship.   HIGHLIGHTS FROM THE EPISODE Pranay's journey into real estate 00:00 - 6:30 Ways to find the right partner 6:30 - 9:31 Why brand building is so important 9:31 - 14:26 Maximizing assistance 14:26 - 16:36 Platforms for education 16:36 - 19:07 Ascent equity future plans 19:07 - 22:10 Ways to contact Pranay 22:10 - 23:50   CONNECT WITH THE GUEST Website- https://ascentequitygroup.com   CONNECT WITH THE HOST Website- https://upstreaminvestor.com/ Facebook- https://www.facebook.com/TwoSmartAssets/ Instagram- https://www.instagram.com/upstreaminvestor/ Twitter- https://twitter.com/twosmartassets LinkedIn- https://www.linkedin.com/company/two-smart-assets/ ----------------------------------------------------------------------------------------------------------------------- Listen, like, subscribe, and comment!

In this episode, Dr. Block interviews Dr. Pranay Parikh, a hospitalist and President/Principal of Ascent Equity Group. Dr. Block initially had Dr. Parikh on the show to learn more about real estate investing but ended up investing in a property offered by Ascent Equity Group. To provide value to the audience, they decided to do an interview about the investment opportunity called Cabana Encanto.  They discuss the reasons behind choosing Arizona, specifically Goodyear, as the location for the property. They highlight the population and job growth in the area and how it aligns with their investment strategy. Additionally, they mention the upcoming development projects in the vicinity that further support their investment decision. Looking for something specific within the show? Here you go! [00:00:00] Introduction and background on Dr. Pranay Parikh and Ascent Equity Group.  [00:02:00] Bradley's decision to invest in the real estate syndication and his motivation for the interview.  [00:05:00] Discussion on choosing Arizona and the specific location of Goodyear. [00:07:00] Factors that attracted them to the Encanto property.  [00:10:00] The upcoming developments and their impact on the investment opportunity. [00:26:34] Government stepped in to help.  [00:26:41] Partnering with a group to buy.  [00:26:51] Walked properties, found nicer one.  [00:27:00] Reached out to doctor investors.  [00:27:11] Vertically integrated partnership, brought vendor.  [00:27:32] Outsider's perspective benefits us.  [00:27:56] Resent doing things without reason.  [00:28:00] Disruption comes from outside industry.  [00:28:17] Lower investment bar, future advantage.  [00:29:00] Wealth management fees are painful.  [00:29:02] Money locked up, no distributions. [00:41:00] Sellers have another similar property 60 miles away. [00:41:20] Operational efficiency and raising rents add value. [00:42:17] Addressing concerns and potential risks for investors. [00:42:40] Biggest risks: interest rates and competition from new construction. [00:43:00] Profitability advantage due to lower rent costs. [00:43:26] Challenges with new construction permits and water requirements. Bio/Links! Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 36 months, he's bought over $250 million in real estate and helped 100s of others invest in real estate without being a landlord. Ascent Equity Group Encanto Sign Up: ascentequitygroup.com/pgd Did ya know…  You can also be a guest on our show? Please email me at brad@physiciansguidetodoctoring.com to connect.  Socials: @physiciansguidetodoctoring on FB  @physicianguidetodoctoring on YouTube @physiciansguide on Instagram and Twitter

How did Dr. Pranay transition from saving lives to creating wealth? Tune in to our latest podcast episode to discover his journey from medicine to real estate investing, and how he built a successful career in both fields. Dr. Pranay shares his insights, challenges, and lessons learned along the way, offering valuable tips and inspiration for anyone seeking to follow a non-traditional path to financial freedom. Don't miss this fascinating conversation on The Real Estate Vibe!Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over $200 million in real estate and helped 100s of others invest in real estate without being a landlord.In this Episode, Vinki & Dr. Pranay chat about⁠:- His story arc from medical student to successful entrepreneur and investor- What skills his medical career brought to his investment career- The ideal type investment for you- Why he chose to help other doctors multiply their wealth- Dr. Pranay's podcast and best golden nuggetsContact Dr. Pranay: https://www.linkedin.com/in/pranay-parikh/If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!The Real Estate Vibe Show!Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvestmenthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting

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Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Click the link HERE.  Going Long Podcast Episode 310: How Collaborating With Others Can Be The Key to Your Investing Success ( To see the Video Version of today's conversation just CLICK HERE. ) In the conversation with today's guest, Pranay Parikh, you'll learn the following:   [00:35 - 03:34] Show introduction with comments from Billy. [03:34 - 07:56] Guest introduction and first questions. [07:46  - 16:22] The backstory and decisions made that led  Pranay to this point in his journey. [16:22 - 22:57] Pranay explains how he was able to come back from failures and move forward towards success. [22:57 - 27:24] What it was that initially attracted Pranay to Real Estate when there were so many other paths that he could have taken. [27:24 - 30:16] Why Pranay decided to take the route of collaboration in investing rather than the solo route. [30:16 - 32:06] Pranay tells us all about his podcast, ‘From M.D. to Entrepreneur'. Here's what Pranay shared with us during today's conversation:    Where in the world Pranay is currently based: Echo Park, Los Angeles. The most positive thing to happen in the past 24 hours: Pranay found out that he is going to save hundreds of thousands of dollars on a rate cap because of the current economic climate! Favourite city in Europe: Paris, France. A mistake that  Pranay would like you to learn from so that you don't have to pay full price:  Don't put all your eggs in one basket when you are going into a totally new kind of investment that you aren't knowledgeable about. Book Recommendation: The Dictionary of Obscure Sorrows, by John Koenig. - https://www.amazon.co.uk/Dictionary-Obscure-Sorrows-John-Koenig/dp/1501153641    Be sure to reach out and connect with Pranay Parikh by using the info below:      Company Website: https://ascentequitygroup.com/  Podcast Website: https://www.frommd.com/  Podcast: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221    To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI     Start taking action TODAY so that you can gain more Education and Control over your financial life.   Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Go to https://www.firstgencp.com/goinglong   Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels  

Get ahead of your real estate game as Dr. Pranay Parikh breaks down how acquisitions, asset management, syndications, and capital raising work. Stay connected to establish great partnerships and generate steady deal flow to achieve long-term business success today!WHAT YOU'LL LEARN FROM THIS EPISODEHow Ascent Equity helps real estate syndicators do their investmentsWhy consistent communication matters in business relationshipsAdvantages of implementing the right operating systems for your businessThe power of establishing your company's core values Significant benefits of finding the right partners and participating in mastermind groups RESOURCES/LINKS MENTIONEDPeter Kim: https://www.linkedin.com/in/peterkimmd/ Vivid Vision by Cameron Herold | Paperback: https://amzn.to/3J7M6sD Hardcover: https://amzn.to/3SE2tAd, and Kindle: https://amzn.to/3J8y8qp  Actively Passive Investing Show with Travis Watts: https://www.bestevercre.com/podcast/tag/actively-passive-show ABOUT DR. PRANAY PARIKH Dr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over $200 million in real estate and helped hundreds of others invest in real estate without being a landlord.CONNECT WITH DR. PRANAY Website: Ascent Equity Group: https://ascentequitygroup.com/ | From MD to Entrepreneur with Dr. Pranay Parikh: https://www.frommd.com/ Podcast: From MD to Entrepreneur with Dr. Pranay Parikh | Apple: shorturl.at/itAGZ and Spotify: shorturl.at/bpHITLinkedIn: Pranay Parikh M.D.: https://www.linkedin.com/in/pranay-parikh/CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!

I'm Dr. Myrdalis Diaz-Ramirez. Welcome to Episode #59!Today we have an amazing guest. Her name is Dr. Pranay Parikh, and we're going to be talking about how we can design a more resilient physician life. We have many tips for both entrepreneurs and non-entrepreneurs alike. Are you ready? Let's go!Get more value from Dr. Pranay Parikh:Website: AscentEquityGroup.comPodcast: From MD to EntrepreneurFollow Dr. Myrdalis Diaz at these links: Website: drmyrdalisdiaz.com Podcast: Design Your Physician Life Linkedin: drmyrdalis Facebook: myrdalisdiaz Instagram: drmyrdalisdiaz

What does it take to purchase $1.1 billion in real estate? I'm glad you asked because today's guest has not only done it, but he's teaching other MDs how they can do it too. I'm thrilled to welcome Pranay Parikh to the podcast. Pranay is a hugely successful doctor, podcaster, and course creator who's created tons of opportunities in passive investing for others, with a focus on helping doctors become entrepreneurs in real estate. When Pranay graduated from med school, he had a solid salary, which came with a ton of debt. Instead of playing the stock market, he paid off his loans, did his first syndication, and fell in love with multifamily investing.  In today's conversation, Pranay and I get into how he's looking at multifamily in the wake of a frozen market and the plays investors can make to take advantage of opportunities as we approach a potential recession. We'll also talk about what investors need to know to de-risk their businesses and how busy medical professionals can add real estate investing to their portfolios! The Forever Passive Income Live Virtual Event The next FPI Live Virtual Event is coming up on May 19-21, 2023 where I'll be sharing the step-by-step blueprint on how we raised tens of millions in capital and acquired over 4,300 units. Buy your FPI tickets today by visiting ForeverPassiveIncome.com  Key Takeaways with Josh Cantwell The ins and outs of loan assumptions, which ones are good and which ones aren't. How to actively do passive real estate–and make sure you have passive returns. Why Pranay created a course and how it has boosted his credibility. What it takes to buy $1.1 billion in real estate–and how he's helped hundreds of physicians invest in multifamily through his deal flow. Steps you can take right now to de-risk your business. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/356 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Investing in real estate is one of the most common side gigs for physicians. Pranay Parikh, MD of From MD to Entrepreneur Podcast shares his story of how he got started with real estate, what he enjoys about it, what to look out for, and why you should do it too. Despite loving medicine, Dr Parikh felt like he had little control over his time, and little financial stability. Today, he's a serial entrepreneur, and he practices medicine on his own terms.   This episode is sponsored by charmeconomics.com   The ideas expressed on this podcast are those of the interviewer and interviewee and do not represent those of their respective employers.

Pranay Parikh is an MD that has taken a journey to entrepreneur and tells us how to keep a focus on the important things as we pursue our goals. He shares his stories of hard work and determination that led him to question why he should stay the course. These include some lessons we can take away and use to craft our story and entrepreneurial journey. Focus On The Important Things - The Key To Happiness This episode gives insight into someone who has worked hard and seen some setbacks. However, he kept moving forward and found success. That is where the story truly begins. He looked at his success and what he enjoys and found some mismatches. Those findings led him to start an entrepreneurial journey that coincided with living his best life. He has found a way to keep a focus on the important things while fully embracing the life he has wanted.  About Pranay He is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past two years, he has bought over $250 million in real estate while practicing full-time as a doctor. Now he helps those who feel trapped in their day jobs start a business to live the life they want. Learn More Check out the From MD to Entrepreneur podcast and subscribe at: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 Pranay discusses his journey from MD to entrepreneur and gives the audience ideas for how they can make their own journey and live the life they want.

ABOUT PRANAY PARIKHDr. Pranay Parikh is a full-time physician, Co-Founder and President of Ascent Equity Group, online course creator, and host of the MD to Entrepreneur Podcast. Dr. Parikh started out as a fresh attending with zero business experience. Despite loving his job and medicine, he didn't feel like he had financial security or control over his time. Today, he is a serial entrepreneur and practices medicine on his own terms. He has a passion for helping other doctors reach financial independence and do more of what they love. Dr. Pranay consistently strives to become the best version of himself whether it be in business, education, fitness, marriage, or family.    THIS TOPIC IN A NUTSHELL: Pranay's background and why he got into real estateGetting into his first deal and Syndication Creating an online coursePartnership and Fund to fund dealsBuilding a brand with partnersThe learning curve with buying propertiesInvesting in Real Estate from a doctor's perspectiveInvesting in Tools and App for Investor's privacyObstacles encountered as a doctor and how to overcome thoseDoing pre-mortem in all dealsAdvice to his 25-year-old selfFirst Entrepreneurial EndeavorFormal and informal training that shaped his journey His biggest mistake and what he learned from itConnect with Pranay     KEY QUOTE: “What beats mindset or any issues is Action. You'll get past those obstacles if you just take action. The mindset issue is still gonna be there, but the more action you take, the quieter and quieter is that voice gonna get at the back of your head.”       SUMMARY OF BUSINESS:Ascent Equity Group is a nationally focused real estate investment firm that seeks to acquire cash-flow and tax-efficient opportunities that allow our investors to grow and preserve wealth outside the stock market. Ascent Equity Group is built by doctors, for doctors. With decades of experience investing in projects covering single-family, multi-family, and mixed-use, we know all the ins and outs of introducing and onboarding new or experienced physicians to our portfolio. Our mission is to serve as a touchstone for our physicians and to give them the ability to passively invest and build returns while simultaneously shielding them from the day-to-day responsibilities of property management.      ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.      #realestateinvesting #passiveincome #REinvesting #cashflow #MultiFamily #PropertyManagement #RealEstateSyndication #Doctors #Physicians #DoctorsHelpingDoctors # Podcaster #NestEgg #AscentEquity #PassiveInvesting #DoctorDads #FinancialIndependence #MedicalProfessionals #OnelineCourseCreator #Entrepreneur #PassiveInvestors #WealthCreation #Apartments #ApartmentInvesting #newepisode #podcasting #RoadToFinancialFreedom #WIN #JointheWINpod #WestsideInvestorsNetwork    CONNECT WITH PRANAY PARIKH: Website: https://ascentequitygroup.comFacebook: @AscentEquityGroup@PranayParikhInstagram:  @AscentEquityGroupLinkedIn: @ascentequitygroup@Pranay ParikhPodcast: https://www.frommd.com       CONNECT WITH US   For more information about investing with AJ and Chris:  ·    Uptown Syndication | https://www.uptownsyndication.com/  ·    LinkedIn | https://www.linkedin.com/company/71673294/admin/         For information on Portland Property Management:  ·    Uptown Properties | http://www.uptownpm.com  ·    Youtube | @UptownProperties      Westside Investors Network  ·    Website | https://www.westsideinvestorsnetwork.com/  ·    Twitter | https://twitter.com/WIN_pdx  ·    Instagram | @westsideinvestorsnetwork  ·    LinkedIn | https://www.linkedin.com/groups/13949165/  ·    Facebook | @WestsideInvestorsNetwork  ·    Youtube | @WestsideInvestorsNetwork  

How do you see and define yourself? A doctor? An engineer? A real estate investor? How about a doctor-artist? Or an engineer-poet-father? Or a real estate investor-podcaster-husband? We are an amalgamation of various aspects of ourselves that when taken together make up our self-identity. We are more than just one person, and diversifying our identity and embracing our different aspects can help us weather life's challenges and make us stronger.   Dr. Pranay Parikh of Ascent Equity Group joins us in this episode to talk about diversifying our identity, not just our finances or investments. Dr. Pranay believes in pursuing other interests apart from our primary career, as it can lead to personal growth and fulfillment. He reflects on his personal journey from challenges in medical school to finding success in an unexpected area - real estate investing. Dr. Pranay also talks about overcoming mental barriers, his company's efforts to uphold its values and partnerships, and their constant refinement of growth strategies. Listen now and gain a well-rounded perspective on challenges and setbacks and achieving success and fulfillment in both your personal and professional pursuits.   Key Points from This Episode: Dr. Pranay talks about his backstory, his education, and his early career in medicine. How did setbacks in his medical career push Dr. Pranay to pursue real estate investing? Dr. Pranay discusses the types of diversification in a person's life and why they are crucial to achieving success in one's career, business, or life in general. How did income or investment diversification allow Dr. Pranay to protect and grow his assets and finances and help him weather economic downturns?  How did diversifying his identity help Dr. Pranay broaden his knowledge and skills, do more, and achieve more? What advice would Dr. Pranay give to his younger self given his past experiences? Dr. Pranay'd advice on being creative in finding ways to add value to your organization as an intrapreneur. The origin story of Ascent Equity Group What strategies and structures did Dr. Pranay's team employ to scale the company's portfolio?  What is Dr. Pranay's outlook for Ascent Equity Group's future plans and growth? What core beliefs have been critical to Dr. Pranay's success? What mental barriers did Pranay have to overcome to achieve high performance in his various endeavors? Dr. Pranay answers the Rare Air Questionnaire.   Tweetables: “Diversify your job, your investments, and your identity.” “There's no cutting corners. We'll do it the hard way as long as it makes life better.” “Inside your company, intrapreneurship is a great way to be successful.” “One of the best skills you can have in life is how to Google things well or how to look up things well.” “We do things that are outside of our comfort zone and we'll choose the one that's best for our tenants and our investors even if it's more work for ourselves.”   Links Mentioned: From MD To Entrepreneur Podcast Ascent Equity Group Dr. Pranay Parikh on LinkedIn Elevate Podcast Episode 102 with Seth Godin Elevate Podcast Episode 156 with Greg McKeown Elevate Podcast Episode 171 with Dr. Vasu Kakarlapudi The ONE Thing by Gary Keller and Jay Papasan Influence: The Psychology of Persuasion by Dr. Robert Cialdini The Dictionary of Obscure Sorrows by John Koenig Bird by Bird: Some Instructions on Writing and Life by Anne Lamott Invest with CF Capital   About Dr. Pranay Parikh Dr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course on passive real estate, buy over $150 million in real estate, and help hundreds of physicians launch their own businesses. He helps doctors invest passively in real estate through the Ascent Equity Group.

Have you asked your kids what they want to be when they grow up or what they would like to have as a career? Think back when you were making the decision to go after the career you wanted. If you have it, is what you thought it would be or are you looking for more?   Dr. Pranay Parikh, host of the podcast “From MD to Entrepreneur”, shares how he was looking for more even though he was starting his medical practice. He started to learn about real estate but he didn't have the time or desire to be the one to put in all the extra work that comes with owning property. Then he learned about passive real estate investments.   He was able to invest in real estate without the extra work. Dr. Parikh wanted to share what he has learned with his colleagues so he started to teach classes. The response to the class was very positive and Dr. Parikh started to look into starting his own business to help other medical professionals build wealth through passive real estate investments.    Now he is sharing through his podcast so that others looking for ways to grow their income can learn. Dr. Parikh wants to help others be able to have the ability to choose how much and when people want to work. Don't let the experiences pass you by, tomorrow isn't a promise.    DID YOU ENJOY THIS EPISODE?  If you did, make sure to SUBSCRIBE so you don't miss a thing!   JOIN THE COMMUNITY   CONNECT WITH ME & GET ALL THE GOODIES   WANT TO BE A GUEST? APPLY HERE CONNECT WITH PRANAY PARIKH MD FACEBOOK: https://www.facebook.com/pranay.parikh2     LINKEDIN: https://www.linkedin.com/in/pranay-parikh/    APPLE PODCASTS: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221    SPOTIFY PODCASTS: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMA  

Today, my guest is Dr. Pranay Parikh. He's a medical doctor serial entrepreneur and a podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over 200 million in real estate and helped hundreds of others invest in real estate without being a landlord. And in just a minute we're going to speak with Pranay about time management, real estate and entrepreneurship.

Description: Welcome to our podcast episode with Pranay Parikh, MD, where we discuss the challenges of transitioning out of your day job, balancing life, work, and family, and the importance of strategic partnerships for scaling quickly. We dive deep into the world of entrepreneurship, exploring how to start a side hustle without quitting your day job, and whether doctors need side hustles to thrive. Dr. Parikh shares his personal experience of transitioning from a practicing physician to becoming the president of a private equity company that has bought over a quarter billion worth of real estate. We also discuss the relationship between medicine and entrepreneurship, whether medicine prepared Dr. Parikh for entrepreneurship, and the secret to scaling quickly. Dr. Parikh candidly shares his experience with imposter syndrome and how he manages to balance his family life with his business ventures. Finally, we ask Dr. Parikh if he would choose differently if he had to do everything again. Tune in to gain valuable insights and strategies for balancing a career and family, starting a successful side hustle, and achieving entrepreneurial success. To connect with Pranay, visit his podcast: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 where you can listen to and subscribe to From MD to Entrepreneur podcast to hear more about Pranay's journey in entrepreneurship. Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show. Do your due diligence. Click here to join PodMatch (the "AirBNB" of Podcasting): https://www.joinpodmatch.com/drchrisloomdphd We couldn't do it without the support of our listeners. To help support the show: CashApp- https://cash.app/$drchrisloomdphd Venmo- https://account.venmo.com/u/Chris-Loo-4 Buy Me a Coffee- https://www.buymeacoffee.com/chrisJx Thank you to our sponsor, CityVest: https://bit.ly/37AOgkp Click here to schedule a 1-on-1 private coaching call: https://www.drchrisloomdphd.com/book-online Click here to purchase my books on Amazon: https://amzn.to/2PaQn4p Follow our YouTube channel: https://www.youtube.com/chL1357 Thank you to our advertisers on Spotify. Financial Freedom for Physicians, Copyright 2023

J Darrin Gross I'd like to ask you, Pranay Parikh, what is the biggest risk?   PRANAY PARIKH  So for commercial real estate, it's always debt, right? I mean, if you think about it, that's your biggest obligation every month, right? Every month doesn't matter. If there's a fire, there's a tornado, you have to pay the lender, right? Otherwise, they take the property back. So you can get that risk to zero by paying all cash. And that's possible, but you're gonna get a couple percent return. So you got to figure out where in the risk spectrum Am I comfortable, you know, and we, our last deal was about 60%. So we put a downpayment of about 40%, which you know, you and I would put down about 20% for our house, so this is much higher, but what that does is it decreases your loan payments, so your obligation is a lot less, right, you can get fixed debt, or adjustable debt, you know, within adjustable debt, you can get up by a rate cap means you pay money upfront, almost like points, so that the interest rate won't go above a certain amount. And you could do that for two years, you can do that three years. So you could make that very tight. So you know, that you have an interest rate of three, and it can only go up to four, or you can get looser, where you get have started off at three and it could go up to six. So there's a lot of ways to try to, to, one, get rid of it pay cash, pay as much cash as you can to, to mitigate it right? Doing a fixed interest rate. So the rate, the risk of interest rates going up is on someone else. Or you can transfer it to someone else by buying a rate cap where if it goes above a certain amount, someone else is going to pay that interest. So I think debt is super important. In 2008 multifamily commercial real estate actually did okay. But the people that did have problems were the ones that had bad debt, or they had debt that was coming due, and they couldn't refinance or get out of it. I think we've learned a lot of lessons. And I don't think that's going to happen again. The debt markets are a lot better. 2008 was just we, we didn't know what to expect, you know, and it was an issue with the debt because the debt was the biggest issue. No one else was giving out debt. Now we have supply chain war, all this other stuff, but it's not the debt markets that are having issues. So if you're looking at your own properties, if you're looking for an investment, really dial in focus on the debt and ask them about it like what what about this, do you think is going to minimize our risk of the bank taking the property back?  

Today on The Real Estate Raw Show: Let's dive into finding the perfect balance between a medical career and real estate investing with Dr. Pranay Parikh About Joe: Mr. Mendoza has a long track record of success. 100's of millions of dollars of real estate transactions. Hundreds of people mentored, coached, and trained. He's been on television, radio, and multiple publications. Are you looking for a trusted advisor in real estate? Perhaps help to get to the next level in business or life? Joe is the MAN! Buy Joe's NEW book "Flex With A Plex" on Amazon: https://amzn.to/30VHBus Join my team and eXp Realty now! Looking for a new broker, real estate company, brokerage? We are in ALL 50 states, Canada, Australia, and United Kingdom (UK) http://becomearepro.com/ Add "Joe Mendoza" is my sponsor. Find the deals! http://findhiddendeals.com/ Hire someone else to answer your phones! http://myvahack.com/ Having trouble with your real estate calculations? http://bestdarncalculator.com/ Ready to make some calls to leads? (Caution: Use your discretion and be aware of local and federal laws) http://ineedphonenumbers.com/ Keep watching, subscribe, or reach out to Mr. Mendoza today for a private consultation, training, or speaking engagements. Joe Mendoza - California Broker DRE 01234540 Entrepreneur. Investor. Author. 100 E. San Marcos Boulevard, Suite 400 San Marcos, CA 92069 Office (877) 794-5227 #joemendoza #realestaterawshow #DoctorWealthBuilder #MedicalRealEstateInvestor #RealEstateMDLife #DoctorPropertyManagement #InvestingTipsForDoctors #DoctorRealEstatePortfolio #MDRealEstate #RealEstateInvestingForHealthcareProfessionals #DoctorInvestor #RealEstateMD #InvestingInRealEstate #MedicalProfessionalRealEstate #RealEstateInvestmentTips #DoctorPropertyInvestor #RealEstateForDoctors #DoctorAndRealEstateInvestor --- Support this podcast: https://podcasters.spotify.com/pod/show/therealestaterawshow/support

Pranay Parikh is a Physician, an Educator, a Real Estate/Venture Capital Investor, a consultant, a Co-Founder and President of Ascent Equity Group, Co-Creator of Passive Real Estate Academy, and finally the Host of the From MD to Entrepreneur Podcast.Ascent Equity Group is built by doctors, for doctors. With decades of experience investing in multi-family projects across the country, their mission is to serve as a touchstone for our physicians and give them the ability to invest passively and build returns while shielding them from the day-to-day responsibilities of property management. Key Topics discussed: - Pranay's unconventional journey from medicine to entrepreneurship- Balancing Job & Business - Scaling with speed- Ask your network for the best- Key lessons from scaling to $1B AUM in 2 years- Finding the support of a co-founder Connect with Pranay: pranay@ascentequitygroup.com Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapital.com Register for this year's Multifamily AP360 virtual conference - multifamilyap360.com

Do you know there's one way to generate more income than your career? Today, we invited a medical professional Dr. Pranay Parikh to reiterate the wealth-building power of passive investing while continuing his journey as a healthcare professional. Join us to unlock your potential to push your income to a higher level without leaving your chosen walk of life.WHAT TO LISTEN FORWays to fuel your entrepreneurial life goalsHow to harness and share the benefits of passive investing to your clientsAn effective habit to manage your time and increase your productivityThe flexibility of having a passive income while working on your professional careerWhy you should invest in real estate RESOURCES/LINKS MENTIONEDLet Me Google That https://letmegooglethat.com/Robert Kiyosaki  https://www.richdad.com/To get a copy of Persistence, Pivots, and Game Changers for FREE, go to https://investonmainstreet.com/book and use the code “Passive Income Brothers”.If you want to invest on Invest on Main Street and set up a call with Patrick Grimes, go to https://investonmainstreet.com/contact.ABOUT DR. PRANAY PARIKHDr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course, buy over $1.1 Billion in real estate, and help hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician-led businesses.CONNECT WITH DR. PRANAYWebsite: Ascent Equity Group https://ascentequitygroup.com/ Podcast: From MD to Entrepreneur with Dr. Pranay Parikh https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221CONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim LyonsConnect with us via Email: greg@citysidecap.com | tim@citysidecap.com

Aspiring to be a doctor is certainly no easy feat. But becoming a doctor and building a successful business side by side? It's not impossible. Let Dr. Pranay Pranikh, known in the real estate investing space, show you his tips and tricks for passing down knowledge to the next generation of doctors via real estate. In this episode, you will discover… How does his family escape from the cycle of poverty? How did he pay for his education and student loans? Subsidized Stafford loan and unsubsidized Stafford loan Why aren't you allowed to work directly in a hospital in LA? Why did he decide not to purchase a primary residence and do a rental? Why fourplex? How to manage rental properties? Why shouldn't you buy at the same cap rate as six months ago? Thoughts on being financially free? Resources Mentioned:  Contact Dave for a free 30mins strategy session: ‪(612) 284-2409 dave@doctorfreedompodcast.com assisstant@daviddenniston.com Book: Freedom Formula for Physicians Connect with Pranay Parikh Facebook LinkedIn MD to Entrepreneur Podcast Website: https://pranayparikh.com/   For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm's views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

In today's show, Pancham interviews Dr. Pranay Parikh - a physician, civil entrepreneur, online host and creator, and president of the Ascent Equity Group.  His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. Dr. Pranay helped hundreds of physicians launch their businesses with his online coaching. His goal is to help launch 10,000 physician-led businesses! Is it possible to engage in real estate while having a full-time job? How did Dr. Pranay Parikh excel in entrepreneurship and real estate from being a full-time and dedicated physician? Listen as he shares how he got into real estate while working full-time and discover how it is a great way to create wealth. Listen and enjoy the show! Quote: "How can I make a larger impact? That is by helping doctors become financially free. Now, if I helped thousands of doctors, I'm helping thousands and millions of patients." Timestamped Shownotes: 0:35 - Pancham introduces Dr. Pranay Parikh to the show 1:49 - How he got into real estate from being a physician 6:28 - Dr. Pranay's advice for full-time workers and his passion for real estate 11:11 - Three things syndication companies do 15:10 - Psychological transition he had of shifting from the medical field to real estate 18:38 - Why do doctors make great entrepreneurs? 22:28 - Focusing on less Value-Add Real Estate  25:43 - Importance of giving trust to the people you are working with 29:15 - Overcoming his fear before buying a property 30:49 - One investment he had that did not work out as expected 31:51 - "Connect with trustworthy people and those who share the same goals and values." 32:24 - How can you connect with Dr. Pranay 3 Key Points: The chance of losing all of your money in real estate is low, so it is worth trying for people who want to explore this investment. Syndication companies do three things: Acquisitions, Asset Management, and Raising Money. In medicine, doctors are very conservative in the treatments they do, but in entrepreneurship, failure is part of the process. Get in Touch: Ascent Equity Group - https://ascentequitygroup.com/  The Gold Collar Investor Banking - https://thegoldcollarinvestorbanking.com/bankingshow  The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/  Pancham Gupta Email - p@thegoldcollarinvestor.com  Book: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 

We're kicking off the new year with an excellent discussion that will ring true to any professionals who are looking to recapture their time from the grueling hours put into a W-2 job. Welcome Dr. Pranay Parikh, a practicing physician who is also helping doctors build generational wealth through real estate.Dr. Parikh understands the grueling demands of a high-stress profession such as medicine - the years of education, the sacrifices through one's 20's and 30's to build a career while assuming mountains of debt, and the actual demands of the job.Many doctors dream of being more present with their families, and Dr. Parikh educates his peers on how to establish wealth for the next generation, and practice medicine on their own terms.Dr. Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and help hundreds of physicians gain financial security and control of their own time.He's helped launch a 7-figure online course, buy over $1.1 Billion in real estate. As a founder of Ascent Equity, Dr. Parikh provides doctors and other accredited investors access to unmatched investment opportunities with exclusive sponsors, gaining access to the best syndication deals with the most impressive track records and providing transparent insight into operations, performance, and execution.The concepts that we discussed in this episode ring true for people in high-paying professions that required years of education and thousands of dollars of student loans- medicine, attorneys, business professionals, and many more.In this episode, we discussed:- Addressing the unique challenges that medical professionals have when starting with real estate investing- What revelations that Pranay had that brought him into real estate investing.- How does being a medical doctor fit in with the FIRE movement?- What are some of the advantages that medical professionals have in the space of entrepreneurship?- Building a team and the opportunities that abound when networking with professionals in other fields- Starting a podcast and building an indwelling audience before figuring out the ultimate direction of a venture- Tips for real estate professionals to make a connection with doctors and other professionalsWhere you can find Pranay:LinkedIn - https://www.linkedin.com/in/pranay-parikh/Website - https://pranayparikh.com/Facebook - https://www.facebook.com/pranayparikhmdAscent Equity Group - https://ascentequitygroup.com/From MD to Entrepreneur Podcast - https://www.frommd.com/Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!#realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #financialfreedom #entrepreneurship #passiveincome #entrepreneurship #timemanagement #impostersyndrome #firemovement #financialindependenceSupport the showFollow us!NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInAttorney Rory Gill on LinkedIn

Welcome To The Real Estate Underground Show #46! What you'll learn about in this episode: In real estate, failures are opportunities to learn. Does real estate that hard that you need to leave your profession? Is there an easy way to earn passive in Real estate? You don't need to have unique talents in real estate; you need to try and fail and try again. In real estate, failures are opportunities to learn. Does real estate that hard that you need to leave your profession? What are the struggles you will encounter in real estate? Resources: Email: pranay@ascentequitygroup.com Website: reu.ascentequitygroup.com Additional Resources: Website: www.clarkst.com Phone: (860) 675-5800 Social Media Facebook: www.facebook.com/ClarkStCapital Instagram: www.instagram.com/clarkstcapital Twitter: https://twitter.com/clarkstcapital1 LinkedIn: www.linkedin.com/company/clark-st-capital

When times are harder innovation happens. As for what that means to syndicators, it means we will see new innovative lending products and creative finance like assumable loans. Let's here what Pranay had to say!   Dr. Pranay created the most amazing landing page for listeners of the Capital Raiser Podcast. Definitely check it out! crp.ascentequitygroup.com   Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

Pranay is a proponent of scaling with Massive partners as a part of a scaling business model and using fund of funds while avoiding deal operations as much as possible by instead managing your own security (fund). Lets talk about conservative deals and preservation of capital too and diversification of risk!    Dr. Pranay created the most amazing landing page for listeners of the Capital Raiser Podcast. Definitely check it out! crp.ascentequitygroup.com   Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

In today's episode, Dr. Pranay Parikh will lead you from a novice to a knowledgeable real estate investor as we explore the benefits of learning before investing, overcoming a persistent negative mindset, and ways to increase your money without being a landlord.Key Takeaways to Listen forThe impact of your limiting beliefs and how to overcome themAdvantages of teaching simplified real estate concepts Ideal qualities to look for in a potential investorWhy you should be smart about where to spend your money7 stages of entrepreneurship Resources Mentioned in This EpisodeThe ONE Thing by Gary Keller | Paperback and Kindle The ABCs of Real Estate Investing by Ken McElroy | Paperback and KindleReal Estate Investing ABCs & 123s In House Flipping by DeJuan FelderFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Dr. Pranay ParikhDr. Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. Over the past 16 months, he's bought over $200 million in real estate and helped hundreds of others invest in real estate without being a landlord.Connect with Dr. Pranay Website: Ascent Equity Group Podcast: From MD to Entrepreneur PodcastEmail: pranay@ascentequitygroup.comTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GowYourShow.com and Schedule a call with Adam A. Adams

Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT “I'm a medical doctor, serial entrepreneur, and podcast host. My unconventional journey to medicine helped me learn the skills to excel in entrepreneurship and real estate. Over the past 2 years, I've bought over $250 million in real estate while practicing full-time as a doctor. Now I help those that feel trapped in their day jobs start a business so they can live the life they want.” Dreams: Location Freedom and Time Flexibility Go to Resource for Doctors on Anything Finance Introduce Them to: Hitting up Alex Hormozi Real Estate Guy with similar company Contact them at: https://www.frommd.com/ https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 https://www.linkedin.com/in/pranay-parikh/ https://ascentequitygroup.com/

Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT “I'm a medical doctor, serial entrepreneur, and podcast host. My unconventional journey to medicine helped me learn the skills to excel in entrepreneurship and real estate. Over the past 2 years, I've bought over $250 million in real estate while practicing full-time as a doctor. Now I help those that feel trapped in their day jobs start a business so they can live the life they want.” Dreams: Location Freedom and Time Flexibility Go to Resource for Doctors on Anything Finance Introduce Them to: Hitting up Alex Hormozi Real Estate Guy with similar company Contact them at: https://www.frommd.com/ https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 https://www.linkedin.com/in/pranay-parikh/ https://ascentequitygroup.com/

Today's guest, Dr. Pranay Parikh, has bought $200 million worth of real estate in the past 16 months. Yes, you read that right!We're talking to Pranay about how he achieved his goal of passive income through real estate, and built a team of investors called Ascent Equity Group. Physicians have high-stress jobs that take up a lot of their time, which is why many experience burnout. This is one reason Pranay went into real estate investing, and why he's helping other physicians build more wealth so they can also work less and avoid burnout.Pranay works with various specialists, and he's sharing the lessons he's learned from making these connections. You'll hear some of his mistakes and successes, and learn the importance of hiring the right people. For instance, hiring a top lawyer has been key to navigating the complicated legalities of raising funds.Tune in to hear Pranay's story from doctor to commercial real estate investor, and get a glimpse of what entrepreneurship is really like!Topics discussed in this episode:Pranay describes his journey from doctor to real estateMike explains syndication and JV partnershipsWhat power does Pranay have in his partnership deals?How their process differs from typical capital allocatorsMaking connections and building trustEvolving business and hiring asset managersThe legality of raising funds in CaliforniaComparing 506b to 506cAdvertising and building an audiencePranay on current deals and projectsAdvice to find and attract investorsHelping physicians with his podcast, From MD to Entrepreneur with Dr. Pranay ParikhFind more information about Pranay and his investment group, Passive Income for Physicians | Ascent Equity Group: https://ascentequitygroup.com/Check out Pranay's podcast, From MD to Entrepreneur with Dr. Pranay Parikh, on Spotify or Apple Podcasts!Connect with Pranay:FacebookLinkedInEmailIf you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to instantinvestorprogram.com and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:collectingkeyspodcast.cominstagram.com/collectingkeyspodcastInstantinvestorprogram.cominstagram.com/mike_investsinstagram.com/investormandan

In this episode I talk with Dr. Pranay Parikh, where we look at the question, how can you do your full time job while being an entrepreneur to fill the gaps that are missing in your life? Grant Hey, everybody, welcome to another episode of Financial Investing Radio. So today I have this opportunity. It's taken us a few times for me to chase him down. He's very busy. Dr. Pranay Parikh. I'm excited to talk with him when I when I first saw the profile on him and realize the journey that he both has done and the one that he's on and his vision of that I got to talk to this gentleman. I'm gonna read his the little clip that I got before even let him say a word. I just want you to hear a little bit about him. Alright, here we go. Okay, hold on. Here we go. It's Dr. Pranay. Parikh is a physician co founder and president of ascent equity group, a serial entrepreneur, we're going to want to ask him about that. Okay, online course creator and host of the MD to entrepreneur podcast, which is really cool. Continuing on his unconventional journey, and I add it is which is what makes us really cool. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's launched a seven figure online course. And he's bought over $1.1 billion in real estate. Wow. And he's helped hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician led businesses. That's amazing. So I want to welcome here to the show. Dr. Pranay Parikh. Welcome. Pranay Thanks, Grant. I'm super excited to talk. Grant It's so good to have you here. Now, we were both talking before we got started. We're both in the southwest part of the country. We sort of enjoy that. In fact, I think you and I might have even had our earlier grown up years in the Northern California area. So we got a lot in similar but the key difference is, I am definitely not a doctor. You know, I went bought band aids last night. And it took me awhile just to figure that out. So I'm more of a tech and investing guy. But I am not a doctor guy. But I'm excited to talk to you about this and your journey. So thanks again for being here. Pranay Yeah, super excited to talk to you and your audience.  Grant Okay, now something happened, right? You were growing up and you said, hey, I want to be a doctor and you got moving down that path. But somewhere along that line, well, first of all, what kind of medicine? Have you been practicing? Pranay So I did a residency in Internal Medicine, and I practice hospitalist medicines. So that means if you ever have to spend a night in the hospital, then I'd be your doctor. Grant Okay. Is that is that the same as as an internist? Is that? Is that what that is?  Pranay Yeah, so it's the same residency, but usually what internists do they do outpatient medicine, so you know, your primary care doctor, they do some inpatient, but I'm kind of sub specialized. I only see people in the hospital, the hospital itself.  Grant Okay, got it. Very good. All right. So you were on that journey doing that work. And something happened somewhere along the line, you sort of sat up and said, I need to add something, either to my life or my purpose or my vision on top of this medical route. Tell me about that. What happened? Pranay You know, so it's kind of funny. So to get into medical school, you have to be well rounded, right? You have to be doing all this other cool stuff, right? You can't just be a nerdy like I was really good at Sciences and maths and all that stuff. They want someone you know, reads a lot of the books and does all this stuff. But after you get in all that stuff gets taken away gets subtracted. And it kind of sucks for people like me that like doing a lot of other stuff, but you're so busy in medicine, doing your job learning that there's not much else you can do. So as soon as I got an opportunity to start doing other stuff I did. So for example, in medical school, I used to hold art shows. And then the money that we grades go to the doctors without borders, I was always trying to do stuff that was, you know, a little bit outside the box. So as soon as I graduated finished everything, I was like, okay, what can I do? What? Where can I go and all this stuff that's been suppressed for so long. Grant That's amazing. You talked about Doctors Without Borders, I have a friend just Sunday night I was talking with he, he spent a number of years I think went five times down to Central America, they were taking both dental as well as medical help and support into some of those areas there. It's fun to hear the service and the blessing that that is to people that are missing those things. So you did these art shows that was providing support to them. That's a cool thing. So it sounds like there was either there's altruistic thing that you needed to get filled in your life, right? I mean, something to reach out further, in addition to the work you're doing that led you to doing this kind of work. Now, there's that what led you at some point to say, I'm going to build sort of a business or be an entrepreneur on it is that what led you down that path? Pranay Still, so you know, when I when I looked at the landscape after being graduated, you know, at a pretty decent salary, but I realized the most important thing is what I do with that money, not how much I can make, you know, I could have just gone and bought a car or bought a house. And I'd be, you know, I wouldn't have a ton of money to consider for my future, right. So I decided to rent a little bit longer, keep driving my Honda Accord, which actually still have 2012. So you know, it's what I do with the money. So you know, I did the stock market, but in this world, people that are most well off and buy well off, you know, I don't care about the total number that's in my bank account, I care about freedom, I care about providing for my family, and I care about providing for my extended family. So the people that I've seen that been have been able to do that are the people in business, business and real estate. So I thought how, how can I incorporate one or, you know, fortunately, now, both of those into my life? And what's the quickest way to do that? Grant Okay, excellent. So you have a broader vision about, I want to make a difference, right? I want to help someone in the world, what not just my own family, but but the people within my reach that I can access or get out to? Is that right? Pranay Yeah. And as a doctor, it was great. Because I there's a lot of job satisfaction and being able to help people. But I was limited by time. And that's, that's one of the big issues that I had, I wanted to create this impact. I wanted to help as many people as possible, but there was only one of me, right? So if I'm not at the hospital, I'm not helping people. So how do I take that impact that I want and spread it to, really the whole world, and the what I thought was, if I can help other people, after I got my business up and running, I can help other people get their business up and running. And if they're able to either find financial security and be happier doctors, you know, you might have heard of this epidemic of a burnout, that's just been an issue. And a lot of that is not being able to pick your own hours and being forced to do things that you don't necessarily want to do a lot of administrative work. And if you're able to take control of your life, then those happy doctors are making a bigger impact. And that's something that I can, I can help people do as well. Grant So you're going after this audience of people that have proven that they have the ability to be disciplined to dedicate their time and their resources, their energy, not just to not just to their practice in their craft, right around medicine, but but now to take that and apply it to businesses. And those businesses the purpose of those sounds like have twofold one is to provide an outlet for them sort of emotionally, right where they can get outside and, and maybe really, you know, benefit their own family but also to use their businesses away then to further their reach to help people when they're away from practicing their medicine. Did I get that? Right? Pranay Correct. Correct. And you'd be surprised how often someone comes up to me and says, Hey, Pranay, I'm just a doctor. You think I could start a business? And it's funny because you have to get to get into medical school or, you know, dentistry lawyers, and I'm just talking about medical school because that's what I've been through. But you know, any professional degree, you've gone through a lot. You've studied, you've been taking all these tests and you've really stood the test of time. So you can pick up a lot of these other things pretty easily, you know, a little bit of trial and error. So a lot of it is just showing people that they have this innate ability. And a lot of times in medicine, we're taught not to try something, unless we have 100% chance of success. Grant It's interesting is about a year ago, I was running a class for a group of people on starting your own business. And, and one of the people that came into that class was an oral surgeon, and doing doing just great, you know, in terms of financial, right. And I said to him, why, why did you take this right to mean, you certainly don't. Okay. I mean, and he said, well, the, the one area that he felt like he was running into that it was creating a challenge for him was that, while he had figured out and was successful at the procedures, at some point in the career, those procedures became procedural. In other words, I was just doing I'm quoting him, I was just doing and still doing the same thing every day. And what I found that I couldn't do is I couldn't be creative, right? I mean, that wouldn't be the right thing, either for the safety of the patient, right, or for other reasons. It's not like I can say, well, I'm going to try this procedure. And other way. There's other times and places maybe to do that, but not while you're, you know, doing the the surgery. So he said there was a gap in his life was, he needed a way to be able to express himself and be more creative, and let that part of his personality have a place to do things. So he was starting a business on his own. And I'm wondering if, if that resonates with you, if that's also part of what was in your mind as well. Pranay Yeah, and you know, after and there's usually a slump, three to five years after you're done with school, you feel confident in your abilities. And a lot of times that challenge is gone, you know, it comes here and there. But that that daily challenge that you're, you're racing against the edge is gone. And it's nice to go into something that you have no idea about, you know, starting a business, starting your own practice starting a podcast like yours, and it's invigorating, trying to figure things out, you know, and, and failing and being successful and getting that first download and 10th Download, and so on. Grant There is something to that, isn't it? It's this, what's my next hurdle? Right? What's the next thing? You know, can I do this right? Can I grow or expand in that area? And so I think sometimes in that profession, well, not just that profession, others as well. But being able to have that side hustle, or that side practice helps to fill that out. And to round you out. That doesn't mean you step away from it. Now, maybe some do. In fact, on that topic, do you still practice then today in medicine? Or are you full time over in the sort of business and investing side? Pranay I actually still practice and most people are very surprised, given all the other stuff I do. I'm at around point eight full time, I probably need to cut down a little bit more. So at the end of the year, I'll probably do point five, but it's nice to keep my foot in the door a little bit. You know, like I said, I enjoy it. And it is using a different side of my brain. Grant Yeah, yeah, absolutely. Okay, so let's talk about, let's talk about that entrepreneur side of you then. So you went to real estate, because you said you saw that those that had achieved some level of freedom. Were doing business and real estate, and you sort of found that pattern there. Right. You talk a little bit about what it is that you do with that business. Pranay Yeah, you know, and so a little bit about the beginning, in medicine a lot of the times is you're learning from colleagues, you know, it's like Socrates, instead of more of a professor to student, there's some of that as well. But after your practice, seeing I reached out to my colleagues all the time, I asked them what they think so, you know, when I first learned about real estate as I thought, there's not that much people teaching how to invest in real estate without being a landlord. And I looked around, I looked around, there wasn't anything. So I went with my partner and said, Hey, let's create a course that will teach people how to do this, right? And we thought we were done after that. And after a couple years of doing that, we've had 1000s of students, people say, hey, you know, we learned we'd like what you say, but we don't actually do want to do the work. We want you guys to find the deals to negotiate, and most importantly, to follow up to make sure that the person who's running the day to day is doing what they say they're doing. So we created really almost like a bespoke, passive, real State, a private equity company called the cent equity group where we go out we find best in class operators that have done this for 2030 years. And when we partner with them, we negotiate for the best terms. And most importantly, there's many people that do that. But most importantly, we have a full asset management, we have a full team that if something goes wrong, we could take over the property. However, that team, they're really focused on the big picture, how do we maximize profit? And, you know, not really doing the day to day like talking to maintenance, finding about leases? How do we maximize profit for our investors, and, you know, we have at this point, hundreds, almost 1000 investors, mostly doctors, but some dentists pharmacist, and we really want to create the best real estate investment, that it takes the least amount of work. So I own a couple rental properties myself, I have a property management, property manager, and it's still work. You know, I don't want to really work very hard for my investments. But that's just me.  Grant Yeah, that makes sense. So wait, can you talk more Pranay about where the investing is? Is it raw land, single homes, this apartments are commercial? You talked about that? Pranay Yeah, so we, you know, we do bread and butter. And we kind of focus on people's needs, right? And people need a place to live. And what happens when, like right now we're heading towards a recession or mortgage rates are going up. People go into apartments, I've lived in apartments in the past. So what we do middle the ground, what is often called Class B, like boy, apartments, where when times are good people will move up into when times are bad people will downgrade from, you know, the nice downtown apartments to you know, maybe a little bit further away. And, or maybe they can't afford a house or they don't want to buy a house. And they go to class B. So that's the type of stuff that we've like, because it's recession, recession resistant. And even in 2008, the default risk was less than 1%. Because apartments are safe and stable. Grant Yeah, safe and stable. Another key part of that seems like the demographics and the geography. In other words, where these are located. Do you target a specific part of the country? Or where do you focus? Pranay Yeah, yeah. So we call it the business friendly states. It's kind of along the Sunbelt. And this has been a trend. We've seen it a lot more in the past, since 2020, after COVID, but it's been ongoing for five to 10 years, people are moving to areas that are more affordable outside of coastal cities. And now with all the remote work, there's there's no reason really to live in the coastal towns, you might as well live where you can afford, and they're starting to get, you know, robust neighborhoods and cultures and all that great stuff. Grant Nice. And when you when you think about the kind of profile, right, can you describe what does that look like in terms of the perfect person that you would bring into the ascent group? Meaning that you're focusing on the doctors, right, but is it someone that's done with medical school? Or is it Are they on their way? Or they they're 10 years down into their career already? I mean, what does that look like? Pranay Yeah, so all our deals have to be accredited investors, meaning that you have to make more than 200,000 per year, for two years, or 300 as a couple for two years, or have a net worth over a million dollars. And that's, that's not our requirements. That's the Securities and Exchange Commission by the government. So as long as they qualify for that, we're happy to take anyone, mostly doctors, but we have a ton of dentists. And it's usually, you know, they have to have two years of tax returns. So people started investing two years after they graduate, and then all the way towards the, you know, latter part of their career. So it's, it's nice, it creates stable income. It's tax deferred. So it's money you can start using, and there's a lot of tax benefits. So doctors especially like the type of investment. Grant Yeah, is it? Is there a certain commitment time? So in other words, are you expecting people will get involved for a five year period or 10? Or what does that look like? Pranay Yeah, so our deals, we tend to go on the lower end. So three to five years, that means you put in your money, you get your money back? Usually 1.8 to double your money in about three to five years just depends on the deal. And minimum is usually around 50,000. And we have that at that amount because it's really easy for people to get me on the phone and any of the principals who are all doctors And we want to create really a high quality great communication system. Because, you know, even if you're able to put down 50 102 50 It's scary. I don't care how wealthy you are, it's scary putting your money down. So we really pride ourselves in having great communication. Grant What impact have you noticed on this investing strategy with, you know, the increase in inflation rates that's been going on as well as mortgage rates is had some impact on this? Pranay Yeah, so and this is really important for people who are looking at these types of deals, also called syndications. People might know it as that the two things I'd really look at right now, to bet a deal is to sponsor you know, people who are running the day to day, that kind of makes sense. But the second is the debt. So interest rates are crazy right now. So I would try to get a fixed rate debt, you know, meaning that it's, you know, three to five years. So for example, our last deal that's close now, we had nine years at 2.9%, Raizy. And then four years of interest only. So we really go out and try to find deals that we think have a ton of downside protection. So the one of the most important things, it's always been important, but even more so is what type of debt or mortgage the people are getting. Because if anything's gonna go wrong, it's, you're not going to be able to cover your mortgage payment, and the bank takes the property back. Grant That's amazing, you share that, you know, I look at the interest rates today. And they are obviously higher than than they were just, you know, last couple of years. But it reminds me of when my wife and I had just gotten out of college, and this was late 80s. And we were in Chicago, and we were buying our first property. And interest rates were really high. I mean, like, 9% 10%, I remember us driving, you know, an hour because we found one mortgage place, you know, that give us you know, half a basis point last. And that meant that we could probably eat every month, right? Because he knows, several $100 less on the mortgage. And so that matters, matters. Totally what what you're saying to have that. All right. So what questions haven't I asked you, you've been very kind to share your time here. What other things do you need to share with people that would help them prepare to take advantage of the services that you're providing? Pranay Yeah, we, you know, one big thing I see. And we deal with a lot of investors on the active and passive side, and you know, the stocks and all that stuff, consider your time, the value of your time, right? If you're spending, you know, 20 hours a month on one of your properties, and you're trying to scale it up. Consider that right? Most of us don't pay ourselves first. You don't have to take money out. But consider the time that you're spending on this. And, you know, unfortunately, a lot of people in business as well. They forget the time they spend on it. They're like, Yeah, you know, it's making us it's making six figures a profit. And when you realize you're not paying yourself. So the nice thing about our real estate investment is maybe you spend an hour on it a month, a year, one, one investment one hour per year, you know, and we really try to create this bespoke experience that we take care of everything for our investors, you know, and that's not the right thing for everyone. And some people like to kind of pick their own deals, but we find that most doctors prefer this. And we give them a nice, diversified portfolio because we work with different people across the US and different types of deals. We'll do maybe some, like very safe deals a little bit more value, add meaning larger renovations with a higher return. So we kind of really spread it out. And we've had we've been going for a couple years now. And like you mentioned in the beginning, we've bought over a billion dollars of real estate and so we're really excited about the chance to give this opportunity to doctors, dentists, pretty much anyone that would qualify as an accredited investor. So if anyone is interested, feel free to reach out to me. Sure, we'll have it in the show notes, but it's Pranay@ascentequitygroup.com. And then one last small plug. I have a podcast if you want to hear more about podcasting, entrepreneurship, being a doctor things that I've been dealing with. It's from MD to entrepreneur podcast and you could find it on Spotify, Apple, Google pretty much anywhere you can find podcasts. Exclusive resources: finp.ascentequitygroup.com/ My podcast on Spotify: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMA My podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 My email: pranay@ascentequitygroup.com  My Facebook: https://www.facebook.com/pranay.parikh2 My Linkedin: https://www.linkedin.com/in/pranay-parikh/ Grant That's awesome, man. Pranay, thanks for taking the time here with us today. I really appreciate that. Very impressed with the journey. journey that you're on, and also the impact that that journey is having on people, both in terms of not only your medical practice but what you're doing in terms of business as well. Thanks again for joining. Hey, everybody. Thanks for listening to another episode of Financial investing radio. Until next time, check out Dr. Pranay Parikh at ascentequitygroup.com. Thank you for joining Grant on Financial Investing Radio. Don't forget to subscribe and leave feedback. And remember to download your free ebook, visit cliclairadio.com

In this episode I talk with Dr. Pranay Parikh, where we look at the question, how can you do your full time job while being an entrepreneur to fill the gaps that are missing in your life? Grant Hey, everybody, welcome to another episode of Financial Investing Radio. So today I have this opportunity. It's taken us a few times for me to chase him down. He's very busy. Dr. Pranay Parikh. I'm excited to talk with him when I when I first saw the profile on him and realize the journey that he both has done and the one that he's on and his vision of that I got to talk to this gentleman. I'm gonna read his the little clip that I got before even let him say a word. I just want you to hear a little bit about him. Alright, here we go. Okay, hold on. Here we go. It's Dr. Pranay. Parikh is a physician co founder and president of ascent equity group, a serial entrepreneur, we're going to want to ask him about that. Okay, online course creator and host of the MD to entrepreneur podcast, which is really cool. Continuing on his unconventional journey, and I add it is which is what makes us really cool. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's launched a seven figure online course. And he's bought over $1.1 billion in real estate. Wow. And he's helped hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician led businesses. That's amazing. So I want to welcome here to the show. Dr. Pranay Parikh. Welcome. Pranay Thanks, Grant. I'm super excited to talk. Grant It's so good to have you here. Now, we were both talking before we got started. We're both in the southwest part of the country. We sort of enjoy that. In fact, I think you and I might have even had our earlier grown up years in the Northern California area. So we got a lot in similar but the key difference is, I am definitely not a doctor. You know, I went bought band aids last night. And it took me awhile just to figure that out. So I'm more of a tech and investing guy. But I am not a doctor guy. But I'm excited to talk to you about this and your journey. So thanks again for being here. Pranay Yeah, super excited to talk to you and your audience.  Grant Okay, now something happened, right? You were growing up and you said, hey, I want to be a doctor and you got moving down that path. But somewhere along that line, well, first of all, what kind of medicine? Have you been practicing? Pranay So I did a residency in Internal Medicine, and I practice hospitalist medicines. So that means if you ever have to spend a night in the hospital, then I'd be your doctor. Grant Okay. Is that is that the same as as an internist? Is that? Is that what that is?  Pranay Yeah, so it's the same residency, but usually what internists do they do outpatient medicine, so you know, your primary care doctor, they do some inpatient, but I'm kind of sub specialized. I only see people in the hospital, the hospital itself.  Grant Okay, got it. Very good. All right. So you were on that journey doing that work. And something happened somewhere along the line, you sort of sat up and said, I need to add something, either to my life or my purpose or my vision on top of this medical route. Tell me about that. What happened? Pranay You know, so it's kind of funny. So to get into medical school, you have to be well rounded, right? You have to be doing all this other cool stuff, right? You can't just be a nerdy like I was really good at Sciences and maths and all that stuff. They want someone you know, reads a lot of the books and does all this stuff. But after you get in all that stuff gets taken away gets subtracted. And it kind of sucks for people like me that like doing a lot of other stuff, but you're so busy in medicine, doing your job learning that there's not much else you can do. So as soon as I got an opportunity to start doing other stuff I did. So for example, in medical school, I used to hold art shows. And then the money that we grades go to the doctors without borders, I was always trying to do stuff that was, you know, a little bit outside the box. So as soon as I graduated finished everything, I was like, okay, what can I do? What? Where can I go and all this stuff that's been suppressed for so long. Grant That's amazing. You talked about Doctors Without Borders, I have a friend just Sunday night I was talking with he, he spent a number of years I think went five times down to Central America, they were taking both dental as well as medical help and support into some of those areas there. It's fun to hear the service and the blessing that that is to people that are missing those things. So you did these art shows that was providing support to them. That's a cool thing. So it sounds like there was either there's altruistic thing that you needed to get filled in your life, right? I mean, something to reach out further, in addition to the work you're doing that led you to doing this kind of work. Now, there's that what led you at some point to say, I'm going to build sort of a business or be an entrepreneur on it is that what led you down that path? Pranay Still, so you know, when I when I looked at the landscape after being graduated, you know, at a pretty decent salary, but I realized the most important thing is what I do with that money, not how much I can make, you know, I could have just gone and bought a car or bought a house. And I'd be, you know, I wouldn't have a ton of money to consider for my future, right. So I decided to rent a little bit longer, keep driving my Honda Accord, which actually still have 2012. So you know, it's what I do with the money. So you know, I did the stock market, but in this world, people that are most well off and buy well off, you know, I don't care about the total number that's in my bank account, I care about freedom, I care about providing for my family, and I care about providing for my extended family. So the people that I've seen that been have been able to do that are the people in business, business and real estate. So I thought how, how can I incorporate one or, you know, fortunately, now, both of those into my life? And what's the quickest way to do that? Grant Okay, excellent. So you have a broader vision about, I want to make a difference, right? I want to help someone in the world, what not just my own family, but but the people within my reach that I can access or get out to? Is that right? Pranay Yeah. And as a doctor, it was great. Because I there's a lot of job satisfaction and being able to help people. But I was limited by time. And that's, that's one of the big issues that I had, I wanted to create this impact. I wanted to help as many people as possible, but there was only one of me, right? So if I'm not at the hospital, I'm not helping people. So how do I take that impact that I want and spread it to, really the whole world, and the what I thought was, if I can help other people, after I got my business up and running, I can help other people get their business up and running. And if they're able to either find financial security and be happier doctors, you know, you might have heard of this epidemic of a burnout, that's just been an issue. And a lot of that is not being able to pick your own hours and being forced to do things that you don't necessarily want to do a lot of administrative work. And if you're able to take control of your life, then those happy doctors are making a bigger impact. And that's something that I can, I can help people do as well. Grant So you're going after this audience of people that have proven that they have the ability to be disciplined to dedicate their time and their resources, their energy, not just to not just to their practice in their craft, right around medicine, but but now to take that and apply it to businesses. And those businesses the purpose of those sounds like have twofold one is to provide an outlet for them sort of emotionally, right where they can get outside and, and maybe really, you know, benefit their own family but also to use their businesses away then to further their reach to help people when they're away from practicing their medicine. Did I get that? Right? Pranay Correct. Correct. And you'd be surprised how often someone comes up to me and says, Hey, Pranay, I'm just a doctor. You think I could start a business? And it's funny because you have to get to get into medical school or, you know, dentistry lawyers, and I'm just talking about medical school because that's what I've been through. But you know, any professional degree, you've gone through a lot. You've studied, you've been taking all these tests and you've really stood the test of time. So you can pick up a lot of these other things pretty easily, you know, a little bit of trial and error. So a lot of it is just showing people that they have this innate ability. And a lot of times in medicine, we're taught not to try something, unless we have 100% chance of success. Grant It's interesting is about a year ago, I was running a class for a group of people on starting your own business. And, and one of the people that came into that class was an oral surgeon, and doing doing just great, you know, in terms of financial, right. And I said to him, why, why did you take this right to mean, you certainly don't. Okay. I mean, and he said, well, the, the one area that he felt like he was running into that it was creating a challenge for him was that, while he had figured out and was successful at the procedures, at some point in the career, those procedures became procedural. In other words, I was just doing I'm quoting him, I was just doing and still doing the same thing every day. And what I found that I couldn't do is I couldn't be creative, right? I mean, that wouldn't be the right thing, either for the safety of the patient, right, or for other reasons. It's not like I can say, well, I'm going to try this procedure. And other way. There's other times and places maybe to do that, but not while you're, you know, doing the the surgery. So he said there was a gap in his life was, he needed a way to be able to express himself and be more creative, and let that part of his personality have a place to do things. So he was starting a business on his own. And I'm wondering if, if that resonates with you, if that's also part of what was in your mind as well. Pranay Yeah, and you know, after and there's usually a slump, three to five years after you're done with school, you feel confident in your abilities. And a lot of times that challenge is gone, you know, it comes here and there. But that that daily challenge that you're, you're racing against the edge is gone. And it's nice to go into something that you have no idea about, you know, starting a business, starting your own practice starting a podcast like yours, and it's invigorating, trying to figure things out, you know, and, and failing and being successful and getting that first download and 10th Download, and so on. Grant There is something to that, isn't it? It's this, what's my next hurdle? Right? What's the next thing? You know, can I do this right? Can I grow or expand in that area? And so I think sometimes in that profession, well, not just that profession, others as well. But being able to have that side hustle, or that side practice helps to fill that out. And to round you out. That doesn't mean you step away from it. Now, maybe some do. In fact, on that topic, do you still practice then today in medicine? Or are you full time over in the sort of business and investing side? Pranay I actually still practice and most people are very surprised, given all the other stuff I do. I'm at around point eight full time, I probably need to cut down a little bit more. So at the end of the year, I'll probably do point five, but it's nice to keep my foot in the door a little bit. You know, like I said, I enjoy it. And it is using a different side of my brain. Grant Yeah, yeah, absolutely. Okay, so let's talk about, let's talk about that entrepreneur side of you then. So you went to real estate, because you said you saw that those that had achieved some level of freedom. Were doing business and real estate, and you sort of found that pattern there. Right. You talk a little bit about what it is that you do with that business. Pranay Yeah, you know, and so a little bit about the beginning, in medicine a lot of the times is you're learning from colleagues, you know, it's like Socrates, instead of more of a professor to student, there's some of that as well. But after your practice, seeing I reached out to my colleagues all the time, I asked them what they think so, you know, when I first learned about real estate as I thought, there's not that much people teaching how to invest in real estate without being a landlord. And I looked around, I looked around, there wasn't anything. So I went with my partner and said, Hey, let's create a course that will teach people how to do this, right? And we thought we were done after that. And after a couple years of doing that, we've had 1000s of students, people say, hey, you know, we learned we'd like what you say, but we don't actually do want to do the work. We want you guys to find the deals to negotiate, and most importantly, to follow up to make sure that the person who's running the day to day is doing what they say they're doing. So we created really almost like a bespoke, passive, real State, a private equity company called the cent equity group where we go out we find best in class operators that have done this for 2030 years. And when we partner with them, we negotiate for the best terms. And most importantly, there's many people that do that. But most importantly, we have a full asset management, we have a full team that if something goes wrong, we could take over the property. However, that team, they're really focused on the big picture, how do we maximize profit? And, you know, not really doing the day to day like talking to maintenance, finding about leases? How do we maximize profit for our investors, and, you know, we have at this point, hundreds, almost 1000 investors, mostly doctors, but some dentists pharmacist, and we really want to create the best real estate investment, that it takes the least amount of work. So I own a couple rental properties myself, I have a property management, property manager, and it's still work. You know, I don't want to really work very hard for my investments. But that's just me.  Grant Yeah, that makes sense. So wait, can you talk more Pranay about where the investing is? Is it raw land, single homes, this apartments are commercial? You talked about that? Pranay Yeah, so we, you know, we do bread and butter. And we kind of focus on people's needs, right? And people need a place to live. And what happens when, like right now we're heading towards a recession or mortgage rates are going up. People go into apartments, I've lived in apartments in the past. So what we do middle the ground, what is often called Class B, like boy, apartments, where when times are good people will move up into when times are bad people will downgrade from, you know, the nice downtown apartments to you know, maybe a little bit further away. And, or maybe they can't afford a house or they don't want to buy a house. And they go to class B. So that's the type of stuff that we've like, because it's recession, recession resistant. And even in 2008, the default risk was less than 1%. Because apartments are safe and stable. Grant Yeah, safe and stable. Another key part of that seems like the demographics and the geography. In other words, where these are located. Do you target a specific part of the country? Or where do you focus? Pranay Yeah, yeah. So we call it the business friendly states. It's kind of along the Sunbelt. And this has been a trend. We've seen it a lot more in the past, since 2020, after COVID, but it's been ongoing for five to 10 years, people are moving to areas that are more affordable outside of coastal cities. And now with all the remote work, there's there's no reason really to live in the coastal towns, you might as well live where you can afford, and they're starting to get, you know, robust neighborhoods and cultures and all that great stuff. Grant Nice. And when you when you think about the kind of profile, right, can you describe what does that look like in terms of the perfect person that you would bring into the ascent group? Meaning that you're focusing on the doctors, right, but is it someone that's done with medical school? Or is it Are they on their way? Or they they're 10 years down into their career already? I mean, what does that look like? Pranay Yeah, so all our deals have to be accredited investors, meaning that you have to make more than 200,000 per year, for two years, or 300 as a couple for two years, or have a net worth over a million dollars. And that's, that's not our requirements. That's the Securities and Exchange Commission by the government. So as long as they qualify for that, we're happy to take anyone, mostly doctors, but we have a ton of dentists. And it's usually, you know, they have to have two years of tax returns. So people started investing two years after they graduate, and then all the way towards the, you know, latter part of their career. So it's, it's nice, it creates stable income. It's tax deferred. So it's money you can start using, and there's a lot of tax benefits. So doctors especially like the type of investment. Grant Yeah, is it? Is there a certain commitment time? So in other words, are you expecting people will get involved for a five year period or 10? Or what does that look like? Pranay Yeah, so our deals, we tend to go on the lower end. So three to five years, that means you put in your money, you get your money back? Usually 1.8 to double your money in about three to five years just depends on the deal. And minimum is usually around 50,000. And we have that at that amount because it's really easy for people to get me on the phone and any of the principals who are all doctors And we want to create really a high quality great communication system. Because, you know, even if you're able to put down 50 102 50 It's scary. I don't care how wealthy you are, it's scary putting your money down. So we really pride ourselves in having great communication. Grant What impact have you noticed on this investing strategy with, you know, the increase in inflation rates that's been going on as well as mortgage rates is had some impact on this? Pranay Yeah, so and this is really important for people who are looking at these types of deals, also called syndications. People might know it as that the two things I'd really look at right now, to bet a deal is to sponsor you know, people who are running the day to day, that kind of makes sense. But the second is the debt. So interest rates are crazy right now. So I would try to get a fixed rate debt, you know, meaning that it's, you know, three to five years. So for example, our last deal that's close now, we had nine years at 2.9%, Raizy. And then four years of interest only. So we really go out and try to find deals that we think have a ton of downside protection. So the one of the most important things, it's always been important, but even more so is what type of debt or mortgage the people are getting. Because if anything's gonna go wrong, it's, you're not going to be able to cover your mortgage payment, and the bank takes the property back. Grant That's amazing, you share that, you know, I look at the interest rates today. And they are obviously higher than than they were just, you know, last couple of years. But it reminds me of when my wife and I had just gotten out of college, and this was late 80s. And we were in Chicago, and we were buying our first property. And interest rates were really high. I mean, like, 9% 10%, I remember us driving, you know, an hour because we found one mortgage place, you know, that give us you know, half a basis point last. And that meant that we could probably eat every month, right? Because he knows, several $100 less on the mortgage. And so that matters, matters. Totally what what you're saying to have that. All right. So what questions haven't I asked you, you've been very kind to share your time here. What other things do you need to share with people that would help them prepare to take advantage of the services that you're providing? Pranay Yeah, we, you know, one big thing I see. And we deal with a lot of investors on the active and passive side, and you know, the stocks and all that stuff, consider your time, the value of your time, right? If you're spending, you know, 20 hours a month on one of your properties, and you're trying to scale it up. Consider that right? Most of us don't pay ourselves first. You don't have to take money out. But consider the time that you're spending on this. And, you know, unfortunately, a lot of people in business as well. They forget the time they spend on it. They're like, Yeah, you know, it's making us it's making six figures a profit. And when you realize you're not paying yourself. So the nice thing about our real estate investment is maybe you spend an hour on it a month, a year, one, one investment one hour per year, you know, and we really try to create this bespoke experience that we take care of everything for our investors, you know, and that's not the right thing for everyone. And some people like to kind of pick their own deals, but we find that most doctors prefer this. And we give them a nice, diversified portfolio because we work with different people across the US and different types of deals. We'll do maybe some, like very safe deals a little bit more value, add meaning larger renovations with a higher return. So we kind of really spread it out. And we've had we've been going for a couple years now. And like you mentioned in the beginning, we've bought over a billion dollars of real estate and so we're really excited about the chance to give this opportunity to doctors, dentists, pretty much anyone that would qualify as an accredited investor. So if anyone is interested, feel free to reach out to me. Sure, we'll have it in the show notes, but it's Pranay@ascentequitygroup.com. And then one last small plug. I have a podcast if you want to hear more about podcasting, entrepreneurship, being a doctor things that I've been dealing with. It's from MD to entrepreneur podcast and you could find it on Spotify, Apple, Google pretty much anywhere you can find podcasts. Exclusive resources: finp.ascentequitygroup.com/ My podcast on Spotify: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMA My podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 My email: pranay@ascentequitygroup.com  My Facebook: https://www.facebook.com/pranay.parikh2 My Linkedin: https://www.linkedin.com/in/pranay-parikh/ Grant That's awesome, man. Pranay, thanks for taking the time here with us today. I really appreciate that. Very impressed with the journey. journey that you're on, and also the impact that that journey is having on people, both in terms of not only your medical practice but what you're doing in terms of business as well. Thanks again for joining. Hey, everybody. Thanks for listening to another episode of Financial investing radio. Until next time, check out Dr. Pranay Parikh at ascentequitygroup.com. Thank you for joining Grant on Financial Investing Radio. Don't forget to subscribe and leave feedback. And remember to download your free ebook, visit cliclairadio.com

  Despite the excellent salary he was receiving through his medical practice, Pranay realized that if he wanted to give the life he wanted for his family, he wouldn't be able to get it by working for the next 30 to 40 years. He knew he had to do something else and picked real estate. So, he bought his first four-unit multifamily. It was doing pretty well, and he thought he would buy one a year and retire in ten years. But after his first one, he spent hours looking for his next one. It took so much effort that he thought he should have just been working, making a good salary, and picking up extra shifts. This situation led him to real estate syndication, which allows him to invest passively, where he gets 98% of the benefit with 2-5% of the work. If you want to learn more about passive investing in real estate, tune in to this episode with your host, Daniel Nickles.  Outline of the episode…  How Pranay got into passive real estate  How do you find deals?  The unique value proposition of Passive Income MD.  The importance of building relationships with your partners.  Finding your niche and sticking to it  Downside protection  About Pranay Parikh…  He started as a new attending with zero business experience. Despite loving his job and medicine, he didn't feel like he had financial security or control over his time. Today, he is a serial entrepreneur and practice medicine on his terms. He helped hundreds of doctors find financial security outside medicine.  Connect with Pranay Parikh here…  Website:    https://ascentequitygroup.com/  Podcast:    From MD to Entrepreneur with Dr. Pranay Parikh                    From MD to Entrepreneur with Dr. Pranay Parikh  Catch The Two Smart Assets Real Estate Investing Podcast here…  https://twosmartassets.com/   

In this Off The Beaten Path Episode, Pranay Parikh discusses 4 questions every aspiring investor should ask themselves.   Want to learn more about passive income?   Check out our FREE GUIDE - The Passive Investor's Handbook   Click here to access

How to succeed in real estate while working as a busy professional?   Here to talk all about it is our guest, Pranay Parikh. He is a medical doctor, serial entrepreneur, and podcast host. Over the past 16 months, he's bought over 200 million in real estate while practicing medicine full-time. He's the host of the podcast From MD to Entrepreneur.   Pranay also discusses what JV equity is and offers advice on how to bring the best people into your team.   [00:01 - 06:59] A Doctor Turned Real Estate Investor Pranay shares his interest in real estate, why they created a course for LPs, and how they founded Ascent Equity Group Coming in as JV equity, they have more power because they are bringing in pretty much all the money Create something of value for free long before you approach others and ask for anything   [07:00 - 14:33] Establishing Credibility and Raising Capital When you are connected to people that are well-known in the industry, it gives you credibility Having a long list of leads does not matter if you don't have deep connections with many of them Pranay and his team focus on investor relations and structured a model where their investors hit their preferred returns faster   [06:49 - 19:37] Building Powerful Partnerships and Teams Pranay was able to scale the company while working as a doctor with the help of his partners Hiring the right people is also key You're not going to get hiring right all the time and you got to be willing to do an experiment Culture fit is critical Don't have the person who has a need to make the final decision on the hire   [19:38 - 22:55] Closing Segment Pranay talks about their recent success His advice: always work to build your list Reach out to Pranay!  Links Below Final Words Tweetable Quotes   “Not only do we bring in all the money, we handle investor relations. We have a vendor network that's nationwide because we work with so many people.” - Pranay Parikh “If you're in some other field, it's like, oh, you know, these doctors are playing real estate. But now we've been doing it and now we're actually one of the biggest in the area.” - Pranay Parikh “People spend so much time and cognitive bandwidth on the hiring process. Just know that it's a trial.” - Pranay Parikh -----------------------------------------------------------------------------   Connect with Pranay at AscentEquityGroup.com and email him at pranay@ascentequitygroup.com.   Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   [00:00:00] Pranay Parikh: If you could focus a hundred percent on real estate and none on your financials, how much would you grow? 200%, 300%, right? Sky's the limit, right? And it's not just providing capital, it's taking your investor relations, like basically, you convert your whole financial arm into acquisitions and asset management. So there are companies that have been built with the same thought process in the beginning, you know? They don't even have systems built out to accept investors. [00:00:41] Sam Wilson: Pranay Parikh is a medical doctor, serial entrepreneur, and podcast host. Over the past 16 months, he's bought over 200 million in real estate while practicing medicine full-time. Pranay, welcome to the show.  [00:00:53] Pranay Parikh: Sam. Thanks for having me. Super excited to chat.  [00:00:56] Sam Wilson: Absolutely. As am I. Pranay, there are three questions I ask every guest who comes in the show: in 90 seconds or less, can tell me where did you start, Where are you now, and how did you get there?  [00:01:05] Sam Wilson: Yeah, so  [00:01:05] Pranay Parikh: I started in the Bay Area, born and raised, went to school at UCSD, and then medical school and trained at USC for residency. So kind of born and raised and lived in California. But I've lived all over. I practiced medicine, but I realized that I always needed to do something up with my money to be smart. I got into real estate. I realized that active real estate, it's a lot of work. I don't want a second job. So that's when I found passive real estate. I realized that there wasn't any good resources for an LP for an investor, so we created a course. We've had thousands of people take it. But after graduating our course, most people said, you know, actually now after I'm learning all this stuff, I don't have time for this. And can we just invest in the same deals you do? Maybe we can come together, get better terms, better bargaining power, and that's how Ascent Equity Group got created. [00:01:59] Sam Wilson: Wow. Okay. I like that. So let me just clarify then you're not an active sponsor. You pool money from your investor network and you guys come in as one single check investor into deals. Is that about the sum?  [00:02:13] Pranay Parikh: Correct, correct. But the way we come in is is unique. So we come in as JV equity. So that's how, you know Blackstone, Goldman Sachs, they don't have, you know, their people in nice suits walk around on the property doing maintenance and leasing stuff. They partner with boots on the ground and what they do is they bring in operational efficiency. So we actually have a full asset management team and we could take over if needed, but instead, because someone else is focusing on leases, maintenance, all the stuff that's super important but doesn't move the needle in profit, we're really focused on how do we maximize profit. And because we work with sponsors all over the US, different property managers, we are able to pick and choose what works and implement it everywhere. [00:02:56] Sam Wilson: Tell me about the JV equity process. This is not anything I have personal experience in, so I may not even know the right questions to ask necessarily, but can you give me kind of the breakdown of the way the deals are structured? You know, basic terms that we should normally look for or that you, of course, you can structure anything in what you want, but maybe the way you guys do business, if you don't mind giving us kind of the backstory on that. I'd love that.  [00:03:21] Pranay Parikh: Yeah, so JV equity means we bring in 80 to 97.5% of the equities, pretty much all the money in the deal, right? And that comes with some rights, often called major decision rights. And you know, it varies on each deal, but we can tell them to buy, to sell. We can change the name of the property if we want. Basically, we have investor override for any and pretty much every decision we get to approve the budget, which is a big deal. We get to determine what capital calls happen and when they happen and who's responsible for them. So it gives us a lot of power and we're able to do that 'cause we're bringing in pretty much all the money. So the question is, why would the sponsor want to give up that and give up some of their promote, right? But that's because not only do we do bring in all the money, we handle investor relations. We have a vendor network that's nationwide because we work with so many people. We have full asset management team where we're on the phone for each of our properties with property management every week, every week. You know, some of our operators weren't doing that and they had to set it up for us, but we're like, we don't care. You know, it's really important for us to find things that are going wrong immediately, you know, and we're able to go in and a lot of times increase occupancy even better than some of the sponsors are, you know? And that's because they're busy with focusing on the day-to-day stuff, you know? I'm not saying that we're better than the sponsors, but we work in hand in hand and we are able to focus on different things, you know? So because of that, they give us these rights and they also let us pick their best deals. So an example of a deal that we closed on in August, August, 2022, so, you know, two months ago. The debt on it was 2.9% fixed for nine years. That's a deal that anyone would kill for. It was a loan assumption, but, you know, it was brought to us because we bring so much value to the sponsors and we are able to pass a lot of that value on to our investors.  [00:05:15] Sam Wilson: This is a robust system that you've built, and correct me if I'm wrong, going through your bio here, 200 billion in the last 16 months. Has this all been in the last 16 months that you've built this? You know, it's kind of like celebrities, you're like, yeah, you know, I'm on overnight celebrity at 10 years into making.  [00:05:35] Pranay Parikh: So, you know, I mean you could say I started one day when I went to medical school. Right? I have that shared background with a lot of people and a lot of people trust doctors. And a lot of doctors trust other doctors. And we're cheating in a way 'cause my business partner, I have two, Mithulan Jegapragasan and. Peter Kim. Peter Kim created this brand and media company called Passive Income MD, and you know, we do which I also help him with. But there's conferences, there's a blog. There's a podcast, hundreds of thousands of, you know, the list is 40,000- 50,000 doctors on it. So, you know, we started with that, you know, and it doesn't carry over, right? You know, our list is a fraction of what his list is, but you know, that name-brand recognition helped us a ton. So we get a lot of free publicity just because him and I are both associated with the other company. So, yeah, it seems like we did a lot and we did, you know, it's not to belittle the stuff we did, but we had a really great foundation and I'd actually recommend to your audience, like, build something, build something of value that you're providing for free long before you need to ask them for anything, you know? And they'll go with you everywhere. You know, we've done a course, we've done conferences, and now we're doing masterminds. We've done, you know, podcasts. Now we do this. Like, they'll go with you because they know you, they trust you, they like you.  [00:06:59] Sam Wilson: Bringing in and having the framework to bring 97% of the equity, or up to 97.5% of it, and then knowing even what rights to ask for along the way or how to negotiate those properly with the right sponsors. I mean, that sounds like years of just kind of in the trenches, work to develop that sense of what those things should even be. Can you speak to that at all?  [00:07:25] Pranay Parikh: Yeah. You know, In the beginning, we realized that we didn't know a ton. We knew a lot about passive real estate. We knew how to look at deals, how to vet them. We didn't know how to set up a structure, right, LLC, all that stuff. So we asked around who's the best and the most expensive lawyer around, you know? And we triangulated who was the best. Everyone said this one person. They're like, okay, how much do you like, let's do it. Like, I don't care how much it costs, Let's just do it, right? And our legal fees are $20,000 to $50,000 per deal, per deal, yeah. Yeah. But you pay for more than just legal fees. You know, you pay for protection, you pay for contacts. You know, when you are connected to this firm that is well-known in the industry, people, it gives you a lot of credibility, right, that they took you on as a client. It's not that, you know, they'll take anyone, right? They had faith in us and now that we're a kind of theirs, they have a ton of other clients, and they've referred us a ton of business and it just gives us that automatic, like, hey, you guys use these guys like, you guys must be pretty legit. Like, you guys aren't some small company that's like group of people, you know, 'cause it is like if you're in some other field, like, oh, you know, these doctors are playing real estate. But no, you know, we've been doing it and now we're actually one of the biggest in the area that are doing what we do and probably the biggest non-institutional JV players.  [00:08:55] Sam Wilson: How do you find a sponsor? I mean, at this stage, let's use me, for example, put myself in the spotlight. Like, you know, we're raising our own capital, we're doing our own deals. It would be a unique and very strange shift in our business model to say, all right, well, okay, so all of our investor group, thanks. You know, now we're going to work exclusively with you. So how do you find the sponsor that is in need of 97.5% equity with the right track record?  [00:09:26] Pranay Parikh: So there are many companies, I mean, let me ask you, Sam, if you could focus a hundred percent on real estate and none on your financials, how much would you grow? 200%, 300%, right?  [00:09:39] Sam Wilson: Yeah.  [00:09:39] Pranay Parikh: Sky's the limit, right? And it's not just providing capital, it's taking your investor relations, like basically, you convert your whole financial arm into acquisitions and asset management, So there are companies that have been built with the same thought process in the beginning, you know? They don't even have systems built out to accept investors, either they have been institutional from the beginning. So one of the sponsors we work with, we did a deal with them and they were like, hey, you guys want to be Co-GP on this next deal? We're like, yeah, great. And it was a 430 million deal with Goldman Sachs and the Co-GP was 20 million. I'm like, yeah, that's a little bit too much for us. But this group, they only do institutional plays other than with us. So they actually will show us a deal, and if we say no, they won't do the deal at all because it's too small for them. So it's a way for them to get exposure to different deals, you know, different markets, and get diversification outside of institutional players. [00:10:40] Sam Wilson: What's it been like? I mean, I know, you said you get to tap into the network that you and some of your partners already have, but what's it been like for you personally going out and raising large sums of money being kind of, and I'm not going to say it newer 'cause you're, you're ahead of a lot of people in the game, but what was that, I guess, early part of your journey, like going out and raising capital from other investors? [00:11:03] Pranay Parikh: It is tough, you know. Even if you have a list of, like, a hundred thousand people. I actually think if the list is too big, you probably don't have a deep connection with many of them. And I think an ideal list is a couple of thousand that are pretty active. And, you know, our list, we were looking at this, we were gaining 10 people signing up for our list a month, you know? Now we get that like a day or more But in the start, it was tough, you know, just 'cause we had a list of like 40,000 people that are our ideal audience, it doesn't mean that they're going to automatically go to everything we do, you know? They're more likely do, and the people that do come over, they're going to be a pretty hot lead, you know? But it's not automatic. So, you know, we realized, I was calling people, I was texting people, you know, it's always, it's always like herding sheep and doctors are even worse. They will wait 'til the last minute, you know? Almost all of our deals will be oversubscribed by a million dollars. And that's because at the very last day, people will be like, oh, yeah, I thought I had more time. You know, And they'll be like, oh add me to the waitlist. Where were you like two weeks ago, you know? But they were working. You know, like, think about it, doctor, like how do you get time to go wire to the bank? You know, it's like totally understandable. It's tough. There's no, you know, unless you're Brandon Turner, there's no way to just be like, oh, hey guys, this deal's open. Oh, it's closed.  [00:12:27] Sam Wilson: We're full. Yeah, it is, man, herding sheep. That's exactly the way it is. And I don't know that that's different for, you know, any sponsors out there that are raising equity where it's like, oh, my gosh, okay. You know, get in and get it done. Lots of people sign up, but the ones that finally wire the money are the ones that get in on the deal. So that's really interesting. One part of the conversation there I didn't actually get to hone in on was the terms. When you guys set up a JV equity deal with a sponsor, how are the terms different for you maybe than typical splits in a syndication? [00:13:03] Pranay Parikh: So we are able to negotiate a lot more, right? So, you know, we can get the maybe 8, 80, 20 or to 10, 70, 30 when someone else would get, you know, like an 8, 70, 30. Plus also part of the promote comes to us and we normally pass that to our investors. So, you know, 15, 20, 25% will go to the investors. So our model is, you know, there's a property level split and our investor level split. So that's how we get to pay the investor. You know, if the promote is large enough, some people will just take that, but we find the promote is not that big, so we just pass it to our investors.  [00:13:40] Sam Wilson: When you say pass it to your investors, what do you mean by that? I'm not sure I understand. [00:13:43] Pranay Parikh: Put it into waterfall so it all, it becomes one pot of money. So like, say the sponsor gives us 10, 70, 30, right, the 10 goes directly to the investors 'cause our waterfall is Return of capital 80, 20. And then of the 70 or of the 30 promote that goes to the sponsor, they'll give us like some 15, 20, 25% of it, and then we put that into our waterfall so it goes down all the way to them. [00:14:12] Sam Wilson: Got it. Got it. So they hit their preferred returns faster that way as well, so, okay, okay. That's really interesting. And I know all this is up for negotiation between you and the sponsor and every deal is different. Certainly, I can't think of any deal I've done yet to date that was exactly the same as the one before it, but was just really curious how you guys established terms on that. That's really cool. How have you effectively scaled this business and stayed on full-time as a medical professional? That sounds like just a lot of work.  [00:14:43] Pranay Parikh: It is. So I couldn't have done this without partners, right? So I have two other partners, both doctors, but actually both practice a little bit less than I do. And we hired people, right? We hired a project manager, we hired a director of investor relations. We have a couple of VAs that do a lot of data entry, social media, you know, and it's so a lot of people are reluctant to hire more people, but I think it's important, and especially if they are able to help you get into more deals, then it makes a lot of sense. So that plus I work nights, so I'm able to do a lot of stuff during the day, like this podcast. And by working overnight.  [00:15:20] Sam Wilson: Wow. All right. So you work all night and you work all day. When do you sleep, I guess is the question?  [00:15:26] Pranay Parikh: Yeah, I sleep like 2AM to 6AM and 8 or 7 to 11 about. [00:15:32] Sam Wilson: Wow. Wow. That's wild. Wow, man. Good for you. Good for you. That's a schedule that sounds grueling to me, but I guess if you're used to it, then you're used to it. Pranay, tell me this. What advice would you give if there's somebody out there looking to add members to their team? What's something you did in order to find the right people to bring on? 'Cause I think that's a fear for a lot of us, myself included, is bringing on team members adds responsibility, maybe they're not the right fit, maybe they are the right fit, and now you got to find something for 'em to do all the time. How did you do that effectively?  [00:16:04] Pranay Parikh: Yeah, and you know, I talked to Brandon Turner couple of months ago now about hiring, you know, and he's hired a ton of people. And he said, you know, just expect that half the people you interview are going to suck and half the people that you hire are going to suck, right? So if you go into knowing that, and it's it's not that they suck, it's just that they're not a good fit, so if you know that you're going to have to experiment or try people out, then it's kind of different, right? You don't spend as much effort. People spend so much time and cognitive bandwidth on the hiring process. Just know that it's a trial, right? Just like you're trying different shirts on or you're trying different lipstick, you know, for the women out there. And you try it on, you get a, you know, you use it for a week and you're like, yeah, you know, this is not a thing for me. It reminds me of like the Casper bed, right? You get a hundred nights to try it on. I remember all the jobs that I was hired for that I was not even remotely qualified. So the big thing is, like, are they a good culture fit? And are they willing, are they coachable to get to where you need to be, right? And it depends also what life cycle, where's your business and the life cycle of a business, right? If you're in the beginning, you need generalists, right? People that are willing to do everything. Like, if you're probably under five, definitely under five, but probably under 10, you need people that are willing to pick up anything, any slack, you know? And they don't have shame in doing what, in medicine we call the gut work, like the stuff that just sucks, you know? Like, having to go get coffee or go get, like, call this person that just left an angry voicemail, you know? When people are busy, people are busy. If you're trying to get a specific goal in mind, then you need to hire someone that has done that. For one of our companies, we tried to get a COO, and she hadn't worked for this specific business type in the past, and it just, this didn't work out because she didn't know how to scale the company up because it was a mostly digital company. Everyone was remote and she was used to doing something else. So if it's a leadership role, you kind of want to make sure that they've done the exact thing that you're looking for before.  [00:18:15] Sam Wilson: That's a great point. I love that. And I like the idea that, it does suck that it is kind of like trying on shirts 'cause there is, I like your phrase there, cognitive bandwidth that goes into bringing on a new team member, and then what if it doesn't work out and the disappointment of it, and then retooling that and going out and then rehiring for that position. And that's a really frustrating process. And there are ways to kind of, I think, work around some of that, but then also just realizing that, like you said, half of it's just not going to work and getting used to that idea, but then the other half are going to be amazing. [00:18:48] Pranay Parikh: Yes, exactly. And so you want to be open and willing to look at people. I heard this thing recently, forgot who said it, but don't have the person who has a need make the final decision on the hire. So if you need a marketing person, if you need a marketing analyst, for example, don't have the head of marketing make the final decision because they're going to feel the needs, right? They're going to feel the burn and they're going to be more desperate. So the final decision is made by the CEO or someone else, engineering or you know, someone that's related, but not necessarily their direct report. And I thought that was pretty interesting 'cause you're going to be so into weeds, you're like, okay, it doesn't matter. I need this person, you know? And you're going to have that like bias and it happens to all of us.  [00:19:37] Sam Wilson: Yeah, no, that's a great point. I like that. I like that a lot. Let somebody else that's not in the thick of it make the decision. That's pretty cool. Absolutely. Awesome. You've covered so much here with us today from being a full-time doctor to now going out and raising huge amounts of capital. What's one success here that you guys have had recently, maybe that you didn't expect?  [00:20:01] Pranay Parikh: We're actually in a raise right now. It should close in the next day or two. And, you know, we pulled out all the stops, right, because everyone's been telling us that it's such a hard market to raise money in. And we were fully subscribed in a little bit over a week which is pretty fast for us. You know, we typically close in two weeks. So, despite everything that's going on, we think we have a good product and a good story, so we're pretty excited about that.  [00:20:27] Sam Wilson: When you say pulling out all the stops, what things come to mind? [00:20:32] Pranay Parikh: Yeah, and I think this is important to make sure that you're always, you know, between deals that you're always building up your list and marketing channels. So, you know, we marketed with different Facebook groups. We did a bunch of podcasts like this one, and we've just been really, really working on building up our list. We've probably grown like a 30% in the past, actually 50% in the past, like six months our email list. And that's an anticipation of the less people wanting to invest and the people who invest and investing less. So, you know, potentially we'd have 25% less money going into a deal. And so the goal was to double our email list and, you know, we'll probably be close to around 75% or 175%. So we're pretty happy with that.  [00:21:24] Sam Wilson: Absolutely. No, that's cool. I love that. Absolutely love it. Pranay, thank you for taking the time here to come on the show today. This was an absolute pleasure learning from you finding out how you have scaled your commercial real estate business. We never even got into you what it is you guys are investing in. If you can just say that real quick. That way our listeners, if they want to get in touch with you and learn more about you know what it is you're investing in, while you're on that, go ahead and tell 'em how to do that if you can.  [00:21:48] Pranay Parikh: We keep it very simple where we do value add multifamily. We don't do development, we don't do self-storage, we don't do industrial, We don't chase what's hot. We just do simple. We believe that people will always need housing, and especially now that housing is single family homes are getting too expensive. We think we have a great product for most people. And so if you're interested our website is ascentequitygroup.com. You could reach me directly at pranay@ascentequitygroup.com, and then I have a podcast where I talk all things about entrepreneurship. It's called From MD to Entrepreneur.  [00:22:24] Sam Wilson: Fantastic. Pranay, thank you again for your time today. I certainly appreciate it.  [00:22:28] Pranay Parikh: Thanks, Sam. I had fun. 

Today my guest is Pranay Parikh, MD, a full-time physician, Co-Founder and President of Ascent Equity Group, online course creator, and host of the From MD to Entrepreneur Podcast. He shares how he practices medicine on his own terms and helps physicians to build generational wealth. >>>CLICK HERE TO GET THE TOP 10 LEADERSHIP SKILLS NEEDED TO GO BEYOND THE BEDSIDE

Doctors: if you're ready for the next chapter of your life, this one's for you… What if you could build your medical career around your life instead of building your life around your medical career? Limiting your shifts, starting a private practice, taking vacations without worrying about loss of income - all these things take one thing: money. This week, join me and my guest, investor, serial entrepreneur, an all-star strategic consultant (and yes, ALSO a doctor), Dr. Pranay Parikh, to talk about taking the leap from doctor to entrepreneur. We'll talk about letting go of perfectionism and learning to take risks. We'll talk about finding the mentors and community to help support you in your journey to becoming a successful entrepreneur. And we'll talk about that elusive secret ingredient: confidence. Remember this: the qualities that make you a good doctor are ALSO the same qualities that will make you a great entrepreneur. You're good at learning new things. You can talk to people. You're resilient. You know how to negotiate. Tune in this week to learn how to build a sustainable medical career while also developing passive income streams. You've got this! “Courage is not the absence of fear. It's acting despite fear.” - Dr. Pranay Parikh In This Episode: - Welcome back to another episode of the Limitless MD podcast - Why it's a good idea to have revenue streams outside of medicine - It's not about quitting medicine; it's about building a sustainable medical career - Why do doctors sometimes struggle with entrepreneurship? It goes back to our training and the willingness to take risks - Perfectionism gets in the way. We get “analysis paralysis.” - It's the setbacks that give you a chance to find the right solution - The most important thing is to get help. Find mentors. Build a community. - Version One is better than Version None - Leverage your skills as a doctor to create passive income Resources Mentioned: - Ascent Equity Group Resources:  - https://limitless-md.mn.co/ (Join our Free community of high-performing physicians: the Physician Wealth Accelerator) - https://vikramraya.com/programs/ (https://vikramraya.com/programs/) - https://vikramraya.com/ (Sign up to my email list) - Apply to work with Vik and book a clarity https://www.theultramd.com/high-achieving-physicians (call here) - Group Coaching Now Open! Apply https://www.theultramd.com/high-achieving-physicians (Here) Connect with Vikram: - https://vikramraya.com (Website) - https://www.instagram.com/vikramraya/ (Instagram) - https://www.facebook.com/Vikramrayamd (Facebook) - http://www.linkwithvik.com (LinkedIn) - https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ (YouTube) Connect with Dr. Pranay Parikh: - https://pranayparikh.com/ (Website) - https://www.frommd.com/ (Podcast) - https://twitter.com/drpranayparikh (Twitter) - https://www.facebook.com/pranayparikhmd (Facebook) Special Thank You to Music Provided by Music Library https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free (https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free)

Tune in on Monday, 10/31/22 at 6:30am EST, for a brand new episode of The Doctor Whisperer Show featuring Dr. Pranay Parikh! Follow along with Dr. Parikh here: Facebook: https://www.facebook.com/pranay.parikh2 LinkedIn: https://www.linkedin.com/in/pranay-parikh/ Podcast on Apple: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMA Podcast on Spotify: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221 ▪︎ ▪︎ ▪︎ ︎ABOUT OUR GUEST: Dr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course, buy over $1.1 Billion in real estate, and help hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician-led businesses. ▪︎ ▪︎ ▪︎ As always, thank you to our incredible sponsors, REVA Global MD and TieTechnology, for sponsoring the show! #medicalpodcast #businessofmedicine #healthcarepodcast --- Send in a voice message: https://anchor.fm/thedoctorwhisperer/message

Dr. Pranay Parikh is a physician, Co-Founder and President of Ascent Equity Group, serial entrepreneur, online course creator, and host of the MD to Entrepreneur podcast. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course, buy over $1.1 Billion in real estate, and helped hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician-led businesses. [00:00 - 08:02] Opening Segment Dr. Pranay Parikh is a physician and co-founder and president of Ascent Equity Group,  He is an Online course creator and host of the “From MD to Entrepreneur podcast”. He has helped launch a seven-figure online course, buy over $1.1 billion in real estate, and helped hundreds of physicians launch their own. His goal is to help launch 10,000 physician-led businesses.   [08:02 - 23:16] Doctors turn to real estate experts for deals Doctors from Ascent Equity Group work with real estate deals, and they bring in all the money to the table. They are able to find deals for their investors, and they are always looking at deals from multiple angles. Interest rates are high right now, but it's not just interest rates that are causing problems. Inflation is also a big issue. Operators should be honest with their investors,  when something important happens or something goes wrong. [23:16 - 32:09] How to Retire Early and Passive Income Passive income is a means to achieve financial freedom and independence There are many ways to generate passive income, including real estate, investing, and podcasting It can be helpful to have a timeframe in mind for when you want to retire or gain extra income, as real estate takes time to build up wealth" [32:20 - 33:35] Closing Segment Final words Connect with Pranay Parikh by visiting their website at https://ascentequitygroup.com/ Or email him through pranay@ascentequitygroup.com LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let's start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook, or check out my website https://smallaxecommunities.com/ and book a call with me. Tweetable Quotes:   "You are creating a second job for yourself. And that can be very successful and lucrative. But just know that if you're feeling time-crunched, then that's gonna be an issue, right? So you could do it, cause you've gotta either put in time or money. And the best is when you put in both, right?” - Satch Bernhardt   

On this episode of the Deal Scout we chat with an MD who invests in Multifamily Apartment 150+ units in business friendly states with steady cash flow and conservative debt. Our guest is a medical doctor that also does real estate syndications and has bought over 200 million of real estate in the past 16 monthsWhy start in real estate?How do you balance medicine and real estate?Do you still practice medicine?Why is real estate a good investment for doctors?What unique challenges have you faced with working with other doctors?pranay@asentequitygroup.comhttps://dealscout.ascentequitygroup.com/ 

It is interesting to realize how people can be great at something they are not working full time at. Pranay Parikh's unconventional journey to medicine helped him learn the skills to excel in entrepreneurship and real estate. ​​In today's episode, be inspired by how he helped people launch seven-figure online courses by over 150 million in real estate and helped hundreds of physicians launch their businesses. He also shares with us what power you hold when you have the ability to talk to people, the deals he's constantly been on, and what he does to grow them. What's more inspiring is that we do not have to be great at everything. We just have to find where we are good at and improve from that. Seek your inner self and listen here! Key Points From This Episode: Pranay shares how to be smart about your money.Cent Equity Group: The seven-figure course about investing in real estate with being a landlord. Why Pranay pursued real estate; Why not be a doctor?How do I introduce myself to the syndication business?Pranay shares his techniques on how to let the scale grow faster.How did Pranay start his brand?  How to juggle different things while working full-time as a doctor?Pranay shares techniques on how to be better at your decisions in making 4 unit to 150 million investments in real estate. Pranay speaks about the power of talking to people. Pranay shares about what types of deals he has been doing and how it is growing.What would you do differently on your first deal?  Pranay explains agency debt and the debt market.What are the challenges that we could be facing in the business? Tweetables:“It's funny that they say you're an overnight success, but it takes 10 years into making.” — Pranay Parikh“And what we tell people is that real estate gets you. It gets you freedom and not freedom from medicine, but freedom to practice medicine in the way you want.” — Pranay Parikh“You can find time.”— Pranay Parikh“It's like doing what nobody else does now, so you can do what nobody else can do later.” — Dave Ramsey“ And also when you're working on something that's exciting and different from your day job, even though it's more work, it's invigorating. “ — Pranay ParikhLinks Mentioned in Today's Episode:Ascent Equity Group websitePranay Parikh's personal websitePranay Parikh M.D. on LinkedInPranay Parikh M.D. on FacebookSend an email to Pranay Parikh.From MD to Entrepreneur podcastAbout Pranay ParikhDr. Pranay Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course on passive real estate, buy over $150 million in real estate, and help hundreds of physicians launch their own businesses. He helps doctors invest passively in real estate through the Ascent Equity Group.

Dr. Pranay Parikh is a medical doctor who began investing in real estate to grow his income. He bought a four-unit multifamily property but soon realized his time would be better spent focusing on his full-time career and investing 100% passively. He decided to help other doctors, dentists, and healthcare professionals do the same.  Today, Pranay is the president of Ascent Equity Group, which helps individuals build wealth through low-risk, high-growth multifamily investments in strong markets throughout the U.S. with a focus on healthcare professionals. He owns $200M in CRE, 1,200 units, and four properties as a JV, and is also an LP of over $1B in investments. In this episode, he shares why he believes in managing the manager, his criteria for vetting sponsors and deals, and how he gains leverage with operators.    1. Managing the Manager Ever the actively passive real estate investor, Pranay has weekly phone calls with property management. “Anytime there's more than $1,000 spent, we want to know why,” Pranay says. “And we always compare that to pro forma.” He tasks himself with maximizing the profit for his investors by ensuring that the sponsor or operator is sticking to the plan.   3. Vetting Sponsors and Deals When vetting a sponsor, Pranay looks at their track record first. He prefers sponsors who have been through a recession and who have been working together for at least five years. He likes to meet them face to face and walk the properties as well. Reputation is also a major factor. “It's a really small world in real estate,” Pranay says. “You'd be surprised.”  When it comes to deal selection, Ascent employs its own asset manager. “Usually allocators like us don't have their own asset management, but we really believe in managing the manager,” Pranay says. “So we are very selective with the deals we look at.” They underwrite each deal from scratch, then have their asset manager examine it as well before signing on.    3. Gaining Leverage with Operators Ascent typically brings anywhere from 90% to 97.5% of the equity to a joint venture deal. This gives them major decision rights. They have institutional-level oversight over the properties, which allows them to visit sites as often as every other week.  The number-one priority, Pranay says, is always to make sure the business plan is getting taken care of. “We have investor overrides for the decisions, buy/sell rights — we have all of that,” he says. “We really want the power to make sure our investor is taken care of.”    Dr. Pranay Parikh | Real Estate Background President of Ascent Equity Group, which helps individuals build wealth through low-risk, high-growth multifamily investments in strong markets throughout the U.S. with a focus on healthcare professionals (doctors, dentists, etc). They do joint ventures with operators to buy value-add multifamily properties. Portfolio: Joint venture $200M in CRE 1,200 units Four properties LP of over $1B investments Based in: Los Angeles, CA Say hi to him at: ascentequitygroup.com Facebook LinkedIn Best Ever Book: Farewell, Godspeed by Cyrus M. Copeland Greatest Lesson: If you are honest and transparent with your investors, they will give you the benefit of the doubt. With how turbulent the debt market has been, on our last deal, they tried to change the terms the day before closing. We had to go back and offer our investors the chance to back out (only one did that out of 300 investors). Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | DLP Capital |Reliant

For many, becoming a doctor is one of the highest career paths people aspire to. For Pranay Parikh, after becoming a doctor, he found that he didn't have the financial security or control over this time that he would have liked. So he decided to get into real estate investing to build a stream of income so that he could practice medicine on his own terms. As Co-Founder and President of Ascent Equity Group, Pranay has built a portfolio of almost 6,500 units and $1.2 Billion of assets. As host of the "From MD to Entrepreneur" podcast, he aspires to help physicians become passive investors in real estate and reach financial independence to do more of what they love. Hear Pranay share how he's built his business and helped so many others along the way.FOLLOW PRANAY:Exclusive landing page with free resources: http://relf.ascentequitygroup.comPodcast on Spotify: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMAPodcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221Email: pranay@ascentequitygroup.comFacebook: https://www.facebook.com/pranay.parikh2Linkedin: https://www.linkedin.com/in/pranay-parikh/SUBSCRIBE IF YOU'RE LOOKING TO BUILD WEALTH THROUGH OPPORTUNITIES IN THE REAL ESTATE INDUSTRY✅   https://www.youtube.com/channel/UCDX0H8Hg3IFnR6enlI0Ywxg?sub_confirmation=1LEARN ABOUT REL FREEDOM & HEAR MORE REAL LIFE STORIES

Dr. Pranay Parikh is a full-time physician, Co-Founder and President of Ascent Equity Group, online course creator, and host of the MD to Entrepreneur Podcast. Dr. Parikh started out as a fresh attending with zero business experience. Despite loving his job and medicine, he didn't feel like he had financial security or control over his time. Today, he is a serial entrepreneur and practices medicine on his own terms. Dr. Parikh is an advisor for multiple eight-figure businesses and is the co-founder of Ascent Equity Group, a real-estate company that helps physicians become passive investors in real estate. He has a passion for helping other doctors reach financial independence and do more of what they love. He seeks to teach others so they can skip all the missteps and struggles he endured. Learn how he developed a passion for non-stock market correlated assets to diversify his portfolio. www.portfoliopulse.ascentequitygroup.com MD to Entrepreneur Podcast with Dr. Pranay Parikh, MD --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Excited to welcome Dr. Pranay Parikh on today's episode of Ritter On Real Estate! Dr. Parikh is a medical doctor, serial entrepreneur, online course creator, and podcast host. His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. He's helped launch a 7-figure online course, buy over $1.1 Billion in real estate, and help hundreds of physicians launch their own businesses. His goal is to help launch 10,000 physician-led businesses. Welcome to the show, Pranay! Key Points From The Episode: Pranay's background in medicine. Being interested in other things while in medical school.Realizing that there is a lack of control in stocks, focusing on real estate investing instead.Buying his first investment property, how exciting it was. Creating a Real Estate course to teach doctors how to be investors.Pranay's business structure. Investing while practicing medicine full time.The importance of building a team.How to analyze potential deals.What Pranay looks for in deal partners.Keys to good asset management.Why medical professionals like real estate investing.Books Mentioned:The Hands Off Investor, Ben Burke

Medical practice is a tough but awesome job. But it may not be the best road to financial freedom. This is the realization that our guest Pranay Parikh had which led him to serial entrepreneurship.   Together with your host Sterling Chapman, Dr. Pranay Parikh shares his journey to financial freedom while practicing medicine on his terms.    Outline of the episode:    On his realization that what he does with his money is important  His model and motivation in the early days  On bonus depreciation  Pranay on why he works during graveyard shift  His reasons why he is onto entrepreneurship beyond the money    ~    About Pranay Parikh      He started out as a fresh attending with zero business experience. Despite loving his job and medicine, he didn't feel like he had financial security or control over his time. Today, he is a serial entrepreneur and practice medicine on his own terms. He helped hundreds of doctors find financial security outside medicine.    Connect with Pranay…    My podcast on Spotify: https://open.spotify.com/show/48VsN5DnCWY8lxiMyLbrMA    My podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/from-md-to-entrepreneur-with-dr-pranay-parikh/id1625547221    My email: pranay@ascentequitygroup.com    My Facebook: https://www.facebook.com/pranay.parikh2    My Linkedin: https://www.linkedin.com/in/pranay-parikh/    Exclusive landing page with some resources for your audience:   rentroll.ascentequitygroup.com/      Connect with your host Sterling Chapman on:  Website  Podcast | The Rent Roll Radio Show  Facebook  YouTube  Twitter  TikTok 

Passive multifamily investing provides wealth building opportunities for individuals in all lines of work. This includes doctors and healthcare professionals who often work well over 40 hours a week and may not have time to actively research multifamily deals. Today's guest, Dr. Pranay Parikh joined the show to discuss his multifamily investing strategy, and how he helps professionals find ideal multifamily deals with compelling returns. Show notes: https://multifamilyinvestor.com/2022/09/pranay-parikh-051/

From MD to Entrepreneur, with Dr. Pranay Parikh In this episode, our guest is Dr. Pranay Parikh. He is a man with many hats. On any given day, he is a Physician, an Educator, a Real Estate/Venture Capital Investor, a consultant, a Co-Founder and President of Ascent Equity Group, a Co-Creator of Passive Real Estate Academy, and the Host of the From MD to Entrepreneur Podcast. He Co-Founded Ascent Equity Group, a nationally focused real estate investment firm that seeks to acquire cash-flow and tax-efficient opportunities that allow our investors to grow and preserve wealth outside the stock market. Pranay has built a community of physicians around real estate and passive investing. He gravitates towards physicians because there is an innate drive to help others and to give back. Today, he shares his many passions and ventures and his journey in Real Estate Investing. Enjoy the episode! Learn more about Pranay Parikh at: https://www.linkedin.com/in/pranay-parikh-m-d-8240468b/ https://www.facebook.com/Pranay-Parikh-102498138165844/ https://twitter.com/drpranayparikh http://pranayparikh.com/ Listen to his podcast at https://frommd.com/ Additional resources: FREE 5-Step Guide To Jumpstart Your W2 Prison Break Learn How To Master The Phone in 90 Days Website: https://www.w2prisonbreak.com/ LinkedIn: www.linkedin.com/in/brian-o-neill-5069216/ Facebook: https://www.facebook.com/profile.php?id=100079334484592 Instagram: https://www.instagram.com/lifecoachbrianoneill/

Summary: What is going to happen in real estate as a result of the recession? I sit down and chat with Pranay Parikh in this episode, and we discuss the presence of high interest rates and housing shortages that are having major effects on the entire industry. We've already seen a 5-10% drop across the board, and it seems that successful real estate investing is a game of numbers. Tune in to hear more about what sectors of real estate to pay attention to, and what's to come in the near future. Highlights: -How are you going to get through the recession? -We talk about real estate, high interest rates, and what's forecasted for this industry given the housing shortage across the US
-There has already been a 5-10% drop across the board -What you pay a month is determined by your mortgage interest rate and the purchase price -Could we go into a prolonged real estate bear market? The market is huge, and we have to be specific. When most people think about real estate, they things of single family homes -Over the past 5-8 years, people have gotten into short and adjustable mortgages -A lot of homebuyers and investors have a better idea of what they can afford -The people on the sidelines who have been saving for years to buy a house are the ones that are going to get hurt -Cap rates are going higher because cash flow is going down -It's all a numbers game -Keep your eye on the sunbelt, because people are relocating there Useful Links: Financial Survival Network Ascent Equity Group

In this episode, Dr. Peter Kim interviews his good friend, Dr. Pranay Parikh. Pranay is a hospitalist and has experience with active and passive investing. Dr. Parikh is a partner in the Ascent Equity Group and is the co-founder of Passive Real Estate Academy that helps others begin their journey towards financial freedom through passive real estate.   Peter and Pranay dive into the importance of doing due-diligence, focusing on how to move through the current market challenges, and what to look for in a deal during a recession.  To connect with Dr. Pranay Parikh or for more information, go to the Ascent Equity Group >>> https://ascentequitygroup.com/

When I became an entrepreneur, integrating my entrepreneur self and my physician self was complicated. I knew how to be either one, but being both didn't come naturally—I felt pulled in opposite directions.  But I knew I had to figure out how to be both a physician and a coach. And how to be a wife and an entrepreneur. Bringing our whole multi-passionate selves to something is part of creating successful careers and satisfying relationships!  In today's episode of The Intimate Marriage Podcast, I have a wonderful conversation with Dr. Pranay Parikh about bringing all parts of ourselves to a marriage (especially as multi-passionate people). We discuss the way his marriage developed alongside his career as a medical doctor and now, a real estate investor and entrepreneur.  Multi-passionate and looking for ways to improve your relationship? This one's for you! We discuss: Dr. Parikh's unconventional journey to medicine Learning how to bring your whole self to your relationship Why Dr. Parikh is actually grateful for a rejection in his career How medicine has played a role in his marriage The dichotomy between safety & security, and freedom & autonomy (and how it could be affecting your relationship) And a lot more…   Connect with Dr. Pranay Parikh: www.frommd.com www.ascentequitygroup.com If you're ready to create the deliciousness and joy of a growth-oriented, passionate relationship, visit www.alexandrastockwell.com Contact Alexandra https://www.alexandrastockwell.com/contact/ Read Alexandra's book “Uncompromising Intimacy” https://amzn.to/2ymI3HlIGhttps://www.instagram.com/alexandra.stockwell.intimacy/   Facebookhttps://www.facebook.com/alexandrastockwellcoach Join THE INTIMATE MARRIAGE Facebook group https://www.facebook.com/groups/hotmarriage   LinkedIn https://www.linkedin.com/in/alexandrastockwell/

When I became an entrepreneur, integrating my entrepreneur self and my physician self was complicated. I knew how to be either one, but being both didn't come naturally—I felt pulled in opposite directions.  But I knew I had to figure out how to be both a physician and a coach. And how to be a wife and an entrepreneur. Bringing our whole multi-passionate selves to something is part of creating successful careers and satisfying relationships!  In today's episode of The Intimate Marriage Podcast, I have a wonderful conversation with Dr. Pranay Parikh about bringing all parts of ourselves to a marriage (especially as multi-passionate people). We discuss the way his marriage developed alongside his career as a medical doctor and now, a real estate investor and entrepreneur.  Multi-passionate and looking for ways to improve your relationship? This one's for you! We discuss: Dr. Parikh's unconventional journey to medicine Learning how to bring your whole self to your relationship Why Dr. Parikh is actually grateful for a rejection in his career How medicine has played a role in his marriage The dichotomy between safety & security, and freedom & autonomy (and how it could be affecting your relationship) And a lot more…   Connect with Dr. Pranay Parikh: www.frommd.com www.ascentequitygroup.com If you're ready to create the deliciousness and joy of a growth-oriented, passionate relationship, visit www.alexandrastockwell.com Contact Alexandra https://www.alexandrastockwell.com/contact/ Read Alexandra's book “Uncompromising Intimacy” https://amzn.to/2ymI3HlIGhttps://www.instagram.com/alexandra.stockwell.intimacy/   Facebookhttps://www.facebook.com/alexandrastockwellcoach Join THE INTIMATE MARRIAGE Facebook group https://www.facebook.com/groups/hotmarriage   LinkedIn https://www.linkedin.com/in/alexandrastockwell/

Summary: Many people go into one career but feel unfulfilled, and go on to find their calling in a different profession. This was the case for Pranay Parikh, who was once strictly involved in the medical field and decided to expand his career to real estate. He addresses how this dual career allows you to shape your medical profession in the way that you want—making passive money through real estate to avoid overworking yourself. Pranay has an equity group devoted to helping physicians earn passive income, so be sure to listen to this episode and check out his website to find out how you can get involved. Highlights: -If you're able to make money outside of medicine, you can craft your medical career into what you want. Most people think that they need to be either all in or all out, which means that a lot of doctors in the industry are overworked -The nature of practicing medicine in the US has changed dramatically over the last 30 years—it has become very de-personalized, which is a systems issue -If you make passive money in real estate, you can spend more time with your clients without being concerned about not making money for that extra time -Doing real estate passively and working with people that help you manage your investments can help you save time while being involved in the industry -Many factors are influencing this passive income and the industry. A lot of people want to buy a house but are getting priced out Useful Links: Financial Survival Network Ascent Equity Group