Doctors Building Wealth

Are you a high income professional and paying too much in taxes? If so, this is the episode for you!

In this episode, we sit down with Chet Syverson of Curated Accounting to discuss all of the different ways high income professionals can shelter income.
For those following our blog, you know about Real Estate Professional Status (REPS), but there are in fact, several other ways you can shelter income without REPS.

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

Have you ever wondered why so many people make poor investment decisions?

You might be surprised to learn that one of the main reasons is that that they don't take the time or space to stop and think.

When you encounter a new investment opportunity, most people can easily list all of the upsides. But how often do you stop to think deeply about the downsides? And how often do you then come up with a plan to mitigate any potential downsides?

In this episode, we go through a number of examples from students who have gone through our Zero to Freedom course. Here are a few of the investment decisions our students have asked us about:

1. You guys have liquidated your 401(k), should I do the same?
2. We just got the inspection report back on the property and it's a disaster! Should I run away from this deal?
3. The numbers on this property look great! What am I missing?

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

We are excited to welcome back Amanda and Matt to the show!

If you don't know about Amanda and Matt, be sure to check out Episode 4 where we interview them about the tax benefits of real estate investing.

In today's episode, we talk about the upcoming tax season. With 2020 being such an unusual year with COVID and the CARES Act, there are a lot of issues to consider.

We also discussed several more advanced topics that our students have encountered on their journey to Fast FIRE including:

• What might happen to 1031 exchanges with the new Administration?
• What is personal property and how does it impact your 1031 exchange?
• The truth about audits
• What are the tax consequences of forming a management C-corporation?

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

In this episode, we welcome Chris and Linda Tighe to the show. Chris/Linda are co-founders and owners of Pacific Rim Property Management. They manage three of our properties, which totals 61 of our units.

Some of the highlights of the show include:

• What to look for in a property manager
• The pros/cons of the different property management fee structures. They use a flat fee model so we discuss the benefits of this model.
• We then got some pearls about self managing, for those who aren't going to use property managers
• Given their military backgrounds, Chris/Linda have unique insights about how to serve this niche tenant population
• Since they are in business together, like us and many of our students, we talked about working together as a couple in a business

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

Have you ever wondered how to get started in rental property investing?

Should you start with single family homes, small multifamily properties or a large multifamily property?

The answer is, it depends!

There are pros/cons to each and it really depends on your personal preferences, your investment goals and the market you choose.

In this episode, we'll help you figure out how to answer this question for yourself by discussing the pros/cons of each.

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

Burnout is a word not often spoken (at least, not out loud) within the physician community, but today's guest, Russ Richmond of Laudio, seeks to change that stigma. Burnout led him on a journey of self-discovery that he shares daily with those around him, and he gives us a ton of keys to success. Learn how effective leadership, self-belief, and even proper management structure can make a huge difference in burnout and our fulfillment at home or on the job. Richmond went from working 12-hour days as a physician and quitting due to burnout to creating Laudio to help others manage each other and themselves more effectively. You won't want to miss it!

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

This is your time! We felt it was a great time to review the year that was 2020, and we invite you along for the journey. Each of us brought three "takeaways" from our portion of the businesses, Kenji with real estate, Leti with SRMD. There was definite common ground with mindset work and limiting beliefs, and we refer to our Year in Review blog posts, found here:

https://semiretiredmd.com/our-real-estate-year-in-review-2020-part-i-investment-property-sales/

We hope you can learn from our experiences in 2020 to help make 2021 the best year yet.

__________________________________________________________

Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

Jimmy Turner of the Physician Philosopher joins us this week to discuss his mindset work and how it led to successful ventures in personal finance blogging, finance and life coaching, and how it changed his life for the better. We are big fans of mindset and mindset work, and Jimmy is a powerful example of how changing thoughts can lead to eliminating limiting beliefs and cause great change and action. Find out more about Jimmy and his journey this week!

Jimmy covers these topics and more in his course, Alpha Coaching Program, If you want to take the course with us, you can register here!

Note: We are affiliate partners of Alpha Group Coaching Experience and will receive a portion of sales if you choose to buy at no additional cost to you.

__________________________________________________________

Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

Kekoa Lwin and Cory Nemoto are real estate agents, investors and business partners, who run a successful flipping business, construction company, property management company and hard-money lending company. They join us on the podcast this week to to share their insights on how to build a strong partnership spanning multiple businesses. We know you'll benefit from hearing how these two started their companies, manage disagreements (including how rock, paper, scissors is actually built into their contract) and continue to grow their successful partnership.

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

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

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Looking to learn more? Check out some of our most popular content:

• Join the waitlist for our flagship course, Zero to Freedom
• Take our quiz and see if real estate is right for you
• Learn from more great content on our blog
  
  

Be part of the conversation - follow our general Semi-Retired MD Facebook page and then join our doctors or professionals group!

Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.

RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE
Join our Newsletter: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!