“One thing I do want to point out to investors is when we look at investments, the first thing we look at is the return. I’m guilty of it because that’s the whole point of the investment to see how much my money can grow. And then maybe the last thing we’ll look at is, oh, who is running it? But I think the more you invest, the more you really look into these, it should be the other way around. It should be who is running the property.”

- Dr. Cherry Chen

Although Dr. Cherry Chen specializes in internal medicine, she’s also an expert in real estate. Dr. Chen is also the founder of The Real Estate Physician, a business she created in 2018 to empower her physician colleagues in commercial real estate investments. Dr. Chen received her M.D. at Texas A&M College of Medicine with honors and completed her training at Oregon Health Science University. She has experience with commercial real estate investments across multifamily, self-storage, manufactured home parks, and as a limited passive investor, as well as raising private equity capital.

After contributing to her 401k and IRA, Dr. Chen grew curious about other investment opportunities outside of the stock market. She was also curious about the potential for early retirement, financial independence, and growing her net worth, even though she was fairly young in her career. Although she loves being a physician, Dr. Chen began wondering what her alternatives would be if she decided to stop practicing medicine and how to make her money work hard on her behalf. This inspired her to pursue real estate and share her wisdom with other doctors through The Real Estate Physician. Through her business, she helps others grow their wealth independent of the time they put in as doctors.

Dr. Chen shares what the process of diving into her first real estate investment was like and how to make intelligent investments. She also highlights the important characteristics investors should consider if they’re interested in passive investments, one of them being a thorough assessment of the property management company. Dr. Chen also explains how syndications work and the advantages they provide to investors. We wrap up by discussing the difference between multifamily investments and commercial investments like self-storage and mobile home parks.

What’s Inside:

• How Dr. Chen became interested in real estate and why she started The Real Estate Physician.

Mentioned In This Episode:

• DocWorking.com

Find full transcripts of DocWorking: The Whole Physician Podcast episodes on the DocWorking Blog

The past few weeks have been busy at DocWorking! We have been working behind the scenes to add even more CME credits to the THRIVE memberships.

Let your CME budget help you prioritize your own wellness so you can get on with living your best life on your own terms, as defined by you, with DocWorking THRIVE.

You can take the first step today by taking our 2 Minute Balance to Burnout Quiz! Where are you on the Balance to Burnout Continuum? Take the quiz and find out today!

DocWorking empowers physicians and entire health care teams to get on the path to achieving their dreams, both in and outside of work, with programs designed to help you maximize life with minimal time.

If you like our podcast and would like to subscribe and leave us a 5-star review, we would be extremely grateful!

We’re everywhere you like to get your podcasts! Apple iTunes, Spotify, iHeart Radio, Google, Pandora, Stitcher, PlayerFM, ListenNotes, Amazon, YouTube, and Podbean.

You can also find us on Instagram, Facebook, LinkedIn, and Twitter.

Some links in our blogs and show notes are affiliate links, and purchases made via those links may result in payments to DocWorking. These help toward our production costs. Thank you for supporting DocWorking: The Whole Physician Podcast!