Short-term rentals (STRs), also known as Airbnbs or vacation rentals have become increasingly popular over the last few years. This interest spiked during the COVID pandemic, and despite a recent slowdown, interest continues to be strong in the post-COVID era.

We have seen the same trend in our groups. Three years ago, very few in our community were talking about STRs. Now, we see the vast majority are planning to add at least one STR to their portfolio over the next few years. Why such a high, almost frenzied level of interest?

One reason is the potential for high cashflow. It’s not unusual for a single STR to cashflow $50,000 to $100,000 when you self-manage.

Short-term rentals also give high-income professionals a way to shelter their income while continuing to work full-time. Real estate professional status requires that you spend more time in real estate than your current profession, so it is not an option for those who choose to work full-time. These are just a few of the many reasons why so many high-income professionals are investing in STRs.

With so many great benefits, it’s not hard to see why there’s so much interest in short-term rentals. However, when it comes to investing, you can’t just focus on the upsides, you HAVE TO carefully think through the downsides. Otherwise, there’s a considerable risk that you lose money! This is one of the main reasons we created our course, Accelerating Wealth. We wanted to ensure that members of our community limit their mistakes and avoid falling into the common short-term rental traps.

If you want to learn more about the course and how it can help you accelerate your wealth, be sure to tune in!!

Accelerating Wealth is open for enrollment twice a year. If enrollment isn’t open ye

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In this episode, we wanted to address a topic that we hear a lot about in our community: Is real estate asset protection worth it?

On one side, we have those who feel that insurance-alone is enough to protect you. They also believe that these asset protection strategies are simply money-making schemes and don't really afford you any additional asset protection.

On the other side, we have those who don't think insurance is enough. They feel the need to add an additional layer of asset protection so they can sleep better at night.

So what's the right answer? Be sure to tune in to find out!

 

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode!

Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll.

__________________________________________________________

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.

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The COVID pandemic was an unprecedented event that posed numerous challenges for real estate investors. One of the biggest challenges for owners was the loss of revenue from non-paying tenants. On top of the that, governments enacted eviction moratorium, which prevented owners from evicting these non-paying tenants.

While COVID was unprecedented, these challenges aren't unique. These same challenges can occur during a global recession. So the lessons we learned from COVID are directly applicable to owners as they prepare for a future recession. In this episode, we cover these lessons and how you can use these lessons to help you prepare for an uncertain future!

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode!

Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll.

__________________________________________________________

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.

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In this episode, we go into the logistics of becoming a digital nomad with family.

We first became digital nomads in 2017 when we had a 12 month old. We did it again in 2021, this time with three children and a fourth child joining us intermittently.

We thought this would be a good episode to record now because we are seeing so many of our Zero to Freedom students getting to the point where they’re achieving greater freedoms, both financial and time freedom, as they grow their real estate portfolios.

We’re also seeing many students enjoy their freedoms sooner because they understand the importance of enjoying the journey, not just focusing on getting to the destination. So you’ll see them taking 2 months off at a time to explore the world (and of course checking out real estate along the way) or checking off those bucket list items that they never imagined they would be doing at such a young age.

We also wanted to highlight that you don’t have to stop investing in real estate while you are abroad. As long as you have everything in place ahead of time to allow you to find, acquire and manage a property long-distance (even from another continent away!).

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don’t forget to share and leave us a 5 star review on Apple Podcasts if you loved this episode!

Wait there’s more…If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals! Click the link to enroll.

__________________________________________________________

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

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Looks like we're headed into a recession. Regardless, we think it's best to be prepared.

We've been preparing for the recession since 2015. Even if you haven't, it's not too late to "recession-proof" your real estate portfolio. What do we mean by "recession-proofing" your real estate portfolio?

Finding recession-proof tenants! Renting your property to tenants who get their rent subsidized - ideally by the government, but it can be a non-profit or a company. If it's a company, you want to make sure that the company is recession-resistant (for example, a hospital).

1. Supported living - State sponsored
2. Section 8 housing
3. VASH - Veterans Affairs Supportive Housing
4. Sober living
5. Respite housing
6. Sex offender housing
7. Mid-term housing to medical professionals

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!

Wait there's more...If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals!

__________________________________________________________

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 s

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If you've ever seen an ad for a real estate syndication, you might have come across headlines like this one:

"Get the benefits of investing in real estate without becoming a landlord!"

"This is your last chance to write off taxable income using 100% bonus depreciation!"

While these benefits sound amazing, the problem is, many of these headlines are misleading.

We're not saying that real estate syndications or the people leading them are bad. In fact, we led a syndication last year when we bought our 160 unit property. It's just that the people selling you on these syndications sometimes are not telling you the whole truth. And it makes sense. Being on the active side of investing is extremely lucrative. Syndicators make a lot of money with your money.

So in this episode, we uncover these truths so you have a balanced perspective before investing in a real estate syndication.

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!

Wait there's more...If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals!

__________________________________________________________

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 endo

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We often get asked the question, "how do you manage to do it all?"

From the outside looking in, it's a fair question. We run a multi-million dollar business, we own and operate over 150 apartment units, we have four children, we travel about 5 months a year, we attend a meeting or conference almost monthly...the list goes on and on.

But the reality is, we don't!

It might seem like we have it all together but we're just like anyone else. One difference might be that we're always striving to improve our productivity. Just like James Clear says in his book, Atomic Habits, we're aiming to get 1% better every day. Check out the episode to hear our top tips for getting more done so others will ask you, "how do YOU manage to do it all?"

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!

Wait there's more...If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals!

__________________________________________________________

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.

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In this episode we discuss mid-term rentals.

Who rents mid-term rentals? (traveling healthcare professionals, corporate, insurance companies). We also discuss the best way to list your mid-term rental.

What types of properties can be mid-term rentals?

Which COC calculator do you use?

Who manages the property?

What are the Upsides and downsides?

How is a mid-term rental treated from a tax perspective?

We answer these questions and more in this episode. 

We will also be sharing examples of student’s success in our upcoming Summit. Be sure to grab your FREE ticket today!

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!

Wait there's more...If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals!

__________________________________________________________

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.

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Nuria Rivera joins us for today's Podcast to talk about title and escrow.

She has had her title and escrow company for almost 7 years now. Her goal when starting her own company was to shift the systems and processes to make the process easier for everyone involved.

Nuria explains how Title companies have three main functions which include helping buyers protect themselves from different issues that happened in the past such as liens against the properties, boundary line issues and any defects against the property.

Tune in to find out what the other important functions of a title and escrow company are and why they are so important for successful real estate transactions for investors!

Have someone who you think should be featured in a future episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!

Wait there's more...If you enjoy the Doctors Building Wealth podcast, check out our FREE real estate training, Ignite Your Journey. Get exclusive, actionable advice and resources about creating financial freedom through cashflowing rentals!

__________________________________________________________

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.

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Back in March 2019, we attended our first Tony Robbins event, a program called Unleash the Power Within. You can read more about our experience at the event in our five part series (start with Part 1 here).

At that event, we were presented with the opportunity to join another program called Tony Robbins' Platinum Partnership program.

The price tag was $230,000 (when you add up the cost of the program and all of the travel involved hauling two kids and an au pair around the world).

It took us four days to decide but eventually we took the plunge.

Was it scary? Yes.

Did we feel a little nauseated? Yes

But was it worth it?? Listen to the episode to find out!

__________________________________________________________

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.

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