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51. Investing in My First Real Estate Property
For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians In Love visit:
https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!
If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute discovery call! Let me coach you! I can show you what is possible.
WHAT YOU WILL DISCOVER IN THIS EPISODE
Real Estate:
- Process of obtaining a Mortgage (and mortgage rates) back in the day (the early 2000s)
- Why it was smarter to own than to rent
- Was buying his first real estate property scary????
- Why his investment went from $60K to $13K in less than a year
- Why I (his wife) rented instead of owned during our 5-year residency
- How much money Victor spent updating his Condo
- What he did with the condo once graduating residency
- How much he cash flowed
- Why and how Victor sold his first rental property
TAKE HOME POINTS FROM Dr. Victor Mangona
- What seems impossible to one person, is more than possible to another person. What is your impossible goal? Say it out loud! Find someone else who does what you want to do and model after them! Figure out how others reach this said “impossible goal” and borrow their habits and thoughts to reach the goal.
- Limiting belief: I need a lot of money to invest in real estate. Money is NOT the limiting factor. So what is??? YOUR MIND!
- Why money is NOT the limit factor: Time, resources, sweat equity, & networking are all variables that count.
- There are a lot more financial possibilities than we give ourselves credit for.
- If you have 1, 5, or 10-year goals, it is okay for them to change and evolve as life continues and as you learn and grow!
- Flexibility and an open mind are key to being successful.
WALK AWAY ASKING YOURSELF
- Is real estate scary or confusing? Why or why not?
- How could I comfortably house hack?
- How am I protecting my downside?
- What is stopping me from investing in my real estate investment?
- What type of real estate investment is most intriguing to me?
- How can I invest in myself?
FEATURED ON THIS SHOW
- Facebook Group: https://www.facebook.com/groups/39point6/
*This podcast is a member of the Doctor Podcast Network
SPONSOR: Deputy - doctorpodcastnetwork.com/deputy
View all episodes
By Kate Mangona, MD
4.8
5656 ratings
For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians In Love visit:
https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!
If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute discovery call! Let me coach you! I can show you what is possible.
WHAT YOU WILL DISCOVER IN THIS EPISODE
Real Estate:
- Process of obtaining a Mortgage (and mortgage rates) back in the day (the early 2000s)
- Why it was smarter to own than to rent
- Was buying his first real estate property scary????
- Why his investment went from $60K to $13K in less than a year
- Why I (his wife) rented instead of owned during our 5-year residency
- How much money Victor spent updating his Condo
- What he did with the condo once graduating residency
- How much he cash flowed
- Why and how Victor sold his first rental property
TAKE HOME POINTS FROM Dr. Victor Mangona
- What seems impossible to one person, is more than possible to another person. What is your impossible goal? Say it out loud! Find someone else who does what you want to do and model after them! Figure out how others reach this said “impossible goal” and borrow their habits and thoughts to reach the goal.
- Limiting belief: I need a lot of money to invest in real estate. Money is NOT the limiting factor. So what is??? YOUR MIND!
- Why money is NOT the limit factor: Time, resources, sweat equity, & networking are all variables that count.
- There are a lot more financial possibilities than we give ourselves credit for.
- If you have 1, 5, or 10-year goals, it is okay for them to change and evolve as life continues and as you learn and grow!
- Flexibility and an open mind are key to being successful.
WALK AWAY ASKING YOURSELF
- Is real estate scary or confusing? Why or why not?
- How could I comfortably house hack?
- How am I protecting my downside?
- What is stopping me from investing in my real estate investment?
- What type of real estate investment is most intriguing to me?
- How can I invest in myself?
FEATURED ON THIS SHOW
- Facebook Group: https://www.facebook.com/groups/39point6/
*This podcast is a member of the Doctor Podcast Network
SPONSOR: Deputy - doctorpodcastnetwork.com/deputy