In this episode of Paging Financial Freedom, Dr. Daniel Shin, a surgeon and real estate investor, and Lila Kaplan, a former Wall Street professional and certified financial planner, sit down with Jeremy Dyer, VP of Capital Formation at Rise48 Equity, to discuss real estate syndications, passive investing, and how busy physicians can build financial freedom through multifamily real estate. 

Jeremy shares his journey from tech sales into real estate investing, how passive syndications helped him reclaim time with his family, and why long-term investing, not chasing quick wins is the key to sustainable wealth creation.

The conversation explores how syndications allow high-income professionals to invest passively in large apartment complexes without handling day-to-day operations. Daniel, Lila, and Jeremy also discuss real estate professional status (REPS), how passive losses can offset taxes, and why vetting the operator is far more important than flashy projected returns. Additionally, they break down current multifamily market conditions, the impact of rising interest rates and new supply, and why markets like Dallas and Phoenix may present strong opportunities in the coming years.

Key Takeaways:

•  02:09 – Jeremy shares his transition from tech sales into active real estate investing during the financial crisis. 
•  10:11 – Discussion on real estate professional status (REPS) and how it can dramatically reduce tax exposure for high-income earners. 
•  13:28 – Why real estate acts as a hedge against inflation and creates long-term wealth through appreciation and cash flow. 
•  18:14 – Jeremy breaks down the role of a sponsor and what operators actually do behind the scenes. 
•  24:19 – Insights into the current multifamily market cycle, interest rates, supply trends, and future opportunities. 
•  31:33 – Jeremy’s advice on evaluating operators and why investors should focus on people before deals. 

Daniel, Lila, and Jeremy emphasize that building financial freedom through real estate requires patience, disciplined investing, and partnering with trustworthy operators who have strong systems and proven experience. They highlight that for busy physicians and professionals, passive syndications can create a path toward greater time freedom, tax efficiency, and long-term wealth without sacrificing family life or career priorities.

Links Mentioned in the Episode:

• Paging Financial Freedom Podcast on Spotify
• Paging Financial Freedom Podcast on Apple Podcasts
• Learn more about Dr. Daniel Shin’s Real Estate Fund: CereusRealEstate.com
• Learn more about Lila Kaplan’s Real Estate Investment Management Company

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