Rx Investor Podcast

Dr. Nate Hedrick is passionate about helping pharmacists to fulfil their financial plans and teaches them how to start investing in real estate while working as a pharmacist. Like many pharmacists, Dr. Hedrick graduated from pharmacy school with a ton of debt. Fortunately, he found a fantastic opportunity to achieve financial freedom in real estate investing. He wants to impart the lessons he has learned throughout his real estate journey to budding pharmacists looking for ways to build wealth as they build their pharmacy careers.

There are many ways to invest in real estate. Dr. Hedrick focuses on residential real estate and is looking to invest in other assets to expand his portfolio. Because of real estate, Dr. Hedrick was able to cut his pharmacy hours from 40 to 20 a week, giving him more time for his family. Listen now and find out how you can invest in real estate, diversify your income streams, and live a more flexible lifestyle while working as a pharmacist! 

Key Points from This Episode:

• Dr. Nate Hedrick’s mindset when he was a pharmacist.
• The first action steps he took to start investing in real estate and get build his brand.
• How to shift from a pharmacist mindset to an investor mindset.
• Learning to work with a team and looking at the data.
• Who are the people or team members that Dr. Hedrick relies on the most for investing?
• Dr. Hedrick’s coaching program for pharmacists.
• Real estate investing mistakes in the past that served as valuable lessons for Dr. Hedrick.
• Where does Dr. Hedrick see himself in five years?
• Dr. Hedrick talks about his podcast and how they educate pharmacists to use real estate to supplement their pharmacy careers.

Links Mentioned:

Dr. Nate Hedrick on LinkedIn

Dr. Nate Hedrick on Instagram

Your Financial Pharmacist website

Real Estate RPH website

The Book on Rental Property Investing

Who Not How by Dan Sullivan and Benjamin Hardy

About Nate Hedrick, PharmD

Dr. Nate Hedrick is a full-time pharmacist by day and a blogger by late night and early morning. He also serves as the Clinical Program Advisor for Medical Mutual of Ohio, using his experience as a pharmacist to support their sales team. 

After earning his real estate license in 2017, Dr. Hedrick founded “Real Estate RPH” as a source of real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey.  

Today, Dr. Hedrick co-hosts the Your Financial Pharmacist

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Meet Dr. Randy Lehman. At 33 years old, Dr. Lehman is already enjoying true financial freedom with his family. In this episode, he will share the best practices that helped him succeed as a doctor and real estate investor and gain financial independence quickly. 

Dr. Lehman details the hyper-efficient habits that help him juggle medical practice and investing in real estate and dives deep into his minimalist lifestyle and how he tracks his net worth. We’ll also hear about ways to invest in real estate and Dr. Lehman’s mindset on leveraging to achieve financial independence quickly. 

Key Points from This Episode

• Dr. Lehman is a 33-year-old Rural Surgeon.
• Two ways to define financial independence.
• Dr. Lehman’s greatest mentor.
• Creating a spread between what you make and what you spend.
• Leveraging the things that you’re buying.
• Get started by putting money away and start investing.
• The only way to afford to lose money is to get out of the paycheck-to-paycheck mindset.
• How Dr. Lehman graduated from residency with no debt and possessing cash-flowing assets.
• The house is the biggest problem.
• The initial steps to financial independence are to sell your house and slash your lifestyle.
• Being hyper-efficient allowed him to juggle medical practice and real estate investment.
• How living a minimalist life helps you achieve financial independence.
• Several ways to invest in real estate: tax liens, house-hack, industrial NNN commercial properties, and meeting the real estate professional status.
• Dr. Lehman’s “Leverage made simple.”

Tweetables:

“The house that you buy determines so many other expenses that you make.” [00:15:53]

“You’ve got to hack your life and hack your own personality to figure out what’s the most efficient  way to carry things forward.” [00:21:33] 

“What gets measured gets managed.” [00:26:53]

“No risk, no return.” [00:32:56]

Links Mentioned:

Dr. Randy Lehman on Facebook

Real Estate CPA podcast

Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth - and How You Can Too by Dave Ramsey and Ramsey Press 

About Dr. Randy Lehman

Dr. Lehman is a Rural Surgeon in Winamac, Indiana, specializing in abdominal contents, including the esophagus, stomach, liver, gallbladder, pancreas, and often thyroid glands. He has been in practice for about ten years and is affiliated with Pulaski Memorial Hospital and Franciscan Health Rensselaer, Inc. He received his medical degree from the University of Cincinnati College of Medicine.

Dr. Lehman lives a minimalist lifestyle focusing on pouring money and capital back into his community and causes that he’s passionate about. He grew up in a farming community where he learned much about buying land and farms from his grandfather. His grandfather was very strategic about expenses

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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The Medical Mindset thinks that, as an expert, you have to know and excel in everything. Doctors, pharmacists, and other healthcare professionals must break out of this trap to live their best life. In this episode, Dr. Brett Levine tells us how to overcome the medical mindset to live a life free from stress, burnout, and depression.

According to Dr. Levine, you can break out of the medical mindset by being vulnerable and open to others about the struggles and things that you go through. Be a part of a community, be authentic, and always remember that you are more than a doctor or a pharmacist. There are no limits to what you can become! 

Key Points from This Episode

• How Dr. Levine got into the medical field.
• Dr. Levine shares the crisis he went through in life that slowly got him trapped in the medical mindset.
• The medical mindset thinks you need to know everything because you are an expert.
• The medical mindset is like a trap that medical professionals fall into.
• You don’t have to learn everything.
• Switching out of the medical mindset is a slow, transformational change.
• Dr. Levine shares his initial steps to break out of the medical mindset.
• Joining a mastermind will help you become authentic and open to others.
• Dr. Levine’s advice for somebody who is trying to break free from the medical mindset but is in the analysis paralysis. 
• His goal in real estate investing: long-term multifamily buy and hold.

Links Mentioned:

Boomm Mindset website

25% discount for the BOOMM 1.0 Course

Sample video

Boomm Mindset on Instagram

Boomm Mindset on LinkedIn

Boomm YouTube channel

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki

Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan

Mindset: The New Psychology of Success by Carol Dweck

The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance by W. Timothy Gallwey

Passive Income MD podcast

Cashflow Tactics podcast

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Stop trading time for money! Invest in real estate. It is the best way to achieve wealth and financial freedom so you can spend more quality time with your family and your true passion. Today, we sit down with Dr. Jeff Anzalone, a board-certified periodontist in the great state of Louisiana and founder of DebtFreeDr.com. Dr. Anzalone is passionate about sharing his debt-free journey and finance strategies with medical and high-income professionals. 

Our conversation highlights the benefits of investing in commercial real estate and the importance of building multiple income streams. Dr. Anzalone learned that you don’t need to pay your debt or student loans all at once. You can invest your money in cash-flowing assets and use your passive income to pay off your debt! Be all ears as Dr. Anzalone shares his experiences and all the key learnings he picked up on his journey to achieving wealth and financial freedom!

Key Points from This Episode

• What led Jeff down the path of real estate.
• Money as a tool to free up your time.
• The importance of due diligence.
• The benefits of investing in commercial real estate syndications.
• Putting money to work to replace your monthly income.
• Enjoying tax advantages and passive income.
• Debt snowball in reverse or equity snowball.
• How Jeff’s life has changed in his first year of investing in real estate.
• How he lost $15,000 in his first deal.
• The necessity of having multiple income streams.
• What to prioritize after getting out of pharmacy school.
• Where is Jeff now in his journey to financial freedom?
• The mindset of getting your assets to pay for your debt.
• Jeff’s personal finance strategy.

Tweetables:

“There are multiple different ways such as syndications and other things that you could do passively where you could keep practicing, working, taking that money, and slowly replacing your income, expenses, or whatever you want to do.” [00:09:15]

“With the syndications, you can keep focusing on being a pharmacist and you can take that extra money and pool it with other people.” [00:11:41]

“This (real estate) is a people business. You’re investing in people.” [00:12:10]

Links Mentioned:

Jeff Anzalone on Twitter

Jeff Anzalone’s email

Anzalone Periodontics

Debt Free Doctor website

Debt Free Doctor on YouTube

Debt Free Doctor blog

What They Don’t Teach You In Dental School: Everything You Need To Know About Setting Up And Running A Dental Practice by Dr. Jeff Anzalone and Halle Eavelyn

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Dr. Garth Hatch is an endodontic specialist who served in the U.S. Army Dental Corps for 7 years. The military got his feet wet in real estate when they moved to South Carolina and bought their first house. After a year, they rented it out and bought another house. Then they found a foreclosure in Georgia, rehabbed it, lived in it, and rented out the basement. Eventually, they sold that house and pocketed $75,000. That started his journey to achieving success in private practice and real estate.

When he was in the military, he used his downtime to educate himself and read books about business, growth, and marketing. His lifetime goal was to own a business, so he got out of the military and started his private practice. Despite making many mistakes and facing challenges in the dental market, Dr. Hatch grew his business by 60% in the first year. Because they had grown so fast, many people came to him for advice. And so he launched a consulting business called Dental Specialist Institute, LLC. Listen now to learn more about him and how he achieved success as a doctor and entrepreneur!

Key Points from This Episode

• Studying dentistry and training in the military.
• Getting into real estate.
• Purchasing his first property.
• Serving in Germany for three years as Chief Endodontist.
• Leaving the military and starting his own practice.
• Growing the business by 60% in the first year.
• Buying a 33-acre cherry orchard and doing farming for four years.
• Starting a consulting business called Dental Specialist Institute, LLC.
• Venturing into commercial real estate.
• Joining GoBundance Mastermind in 2021.
• Purchasing four single-family units, a short-term rental, and two more properties.
• Investing in mobile home parks.
• Dr. Hatch’s mindset is to focus on the business that makes you money.
• Dr. Hatch’s advice to medical practitioners who want to start their business, real estate, or other passive income.
•  What’s next for Dr. Hatch?

Links Mentioned:

The Millionaire Real Estate Investor Paperback – April 7, 2005 by Gary Keller

Traction: Get a Grip on Your Business by Gino Wickman

Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork

by Dan Sullivan, Dr. Benjamin Hardy, et al.

All-In Podcast

BiggerPockets Real Estate Podcast

Wealth Formula podcast

Dr. Gart

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Amit Gaglani is a P.T. or Physical Therapist who started his private practice. He expanded his business to a national level, but after opening several locations, he realized that every time he took money out of his pocket, it took time to get his money back. And that started his journey in the real estate industry. 

Amit wanted his passive income to overtake his active income so he could live the life he wanted. So he invested in multifamily syndications and started diversifying from there. Now, Amit has a group of over 40 accredited investors that partner with him on investments. Listen now for advice and tips on choosing the best syndicator for you, how to benefit from real estate’s tax efficiencies and many more!

Key Points from This Episode

• What inspired Amit to start his practice?
• How did he learn the business skills necessary to get to where he wanted to be?
• How did he find and train the people to replace him so he could focus on scaling the business?
• Amit leads the company and bases his decisions on statistics.
• How Amit got into real estate syndications and started earning passive income.
• What were his criteria for choosing the right syndication group?
• Why should pharmacy/business owners consider investing in real estate syndications?
• Amit explains tax returns, depreciation, and the benefits of syndicated deals.
• What is an accredited investor?
• The difference between Rule 506(b) and 506(c).
• What has Amit been working on lately?

Links Mentioned:

Amit Gaglani’s email 

Amit Gaglani on LinkedIn

Accountable Equity website

Good to Great: Why Some Companies Make the Leap...And Others Don’t by Jim Collins

Turning the Flywheel: A Monograph to Accompany Good to Great by Jim Collins 

Capital Hacking Podcast

About Amit Gaglani

Amit Gaglani PT, OCS has 20 years of healthcare, operational, marketing, and leadership experience in the outpatient physical therapy space. He was the Founder/Owner/CEO of Arrow Physical Therapy and Rehab LLC which has multiple locations in Northern, New Jersey. Amit has scaled and sold his business to private equity twice. He has over ten years of private placement investing in various alternative assets.

During the process, he invested in syndications, aggregated 67+ accredited in

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Dr. Dylan Koch talks about his mindset shift and how it impacted his journey from being a full-time pharmacist to focusing on investing in real estate. We’ll also hear about how Robert Kiyosaki’s book, Rich Dad, Poor Dad, influenced him to pursue financial independence and have multiple income streams.

Dylan did not have a mentor when he was starting. Instead, he learned how to leverage debts and invest in real estate through books and podcasts like this. Be all ears up to the end as Dylan shares his valuable advice to new pharmacists and pharmacy owners on replacing pharmacist income with passive investments. Listen now!

Key Points from This Episode

• How Dylan, a full-time pharmacist, transitioned to real estate.
• How Robert Kiyosaki’s book, Rich Dad, Poor Dad changed his mindset and impacted his journey.
• What made him decide to replace his pharmacist income with passive investments?
• Dylan’s advice to new pharmacy graduates: have a clear plan.
• Dylan’s first real estate investment deal: a duplex.
• The advantages of finding the right partner to work with in the deal.
• Dylan’s advice on property acquisition.
• Dylan’s advice to pharmacy owners who want to invest in real estate for passive income.
• What does he see in the market right now?

Tweetables:

“I can make my own money working for someone else and then build up my own stream of passive income.” [00:09:18]

“If you’re just graduating, write down what your goals are so at least you could set a clear plan on how to get there and then just reverse-engineer the plan from there.” [00:12:04]

“Focus on making more money first and then get yourself in a position where you can do the slow and steady compounding wealth.” [00:12:51]

Links Mentioned:

Dr. Dylan Koch on Facebook

Dr. Dylan Koch on Instagram

Dr. Dylan Koch on Twitter

Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki

Everything is Figureoutable by Marie Forleo

BiggerPockets

Macrovoices Investing Podcast

Forward Guidance podcast

About Dr. Dylan Koch

Dylan was born and raised in a small town, a very blue-collar area in western Ohio. He went to the University of Cincinnati to study pharmacy and graduated six years later, in 2017. Dylan was very career-oriented at first and went on to manage a retail pharmacy at 25. However, his mindset shifted from salary/career-oriented to entrepreneur and investing-oriented after he read Rich Dad Poor Dad by Robert Kiyosaki. 

 He bought his first house hack in June 2018, hi

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Helping pharmacists and pharmacy owners make a profit is Dr. Lisa Faast’s passion and mission. She firmly believes in diversifying revenue streams as a business owner and individual. More than ten years ago, Lisa started her first pharmacy business, which became very successful and positively impacted their community until she encountered some issues and had to close down. It was a traumatic experience for her, but now, she uses that experience to teach and help pharmacy owners make a profit. 

For Lisa, the best place for patients in the community to get the pharmacy care they need is at that local, independent pharmacy, and the only way they will stay open is if they are profitable. So, it’s okay to make a profit! It is what pharmacy owners should be striving for. Hit the play button now for more valuable tips and advice on making a profit and diversifying your income streams!

Key Points from This Episode:

• How Lisa started as a pharmacy entrepreneur.
• She talks about a traumatic but learning experience when she had to sell her first pharmacy due to legal issues.
• What got her interested in real estate?
• Many pharmacy owners feel uncomfortable with making a profit, but Lisa believes that we should make a profit normal in pharmacy.
• She encourages diversifying revenue streams as a pharmacy owner.
• Currently, she owns several pharmacies and looking forward to adding more.
• Lisa also goes out of the world of pharmacy to learn what other industries are doing and brings those lessons and tips and tricks back to pharmacy.
• Lisa loves to help pharmacists on the business strategy side.
• What is Lisa’s advice to new pharmacists?
• Pharmacists need to understand the basics of and be best friends with marketing.
• How much money you make is directly related to how much money you can make for other people. 
• Understanding your data as a pharmacy owner is like looking at a profit map – you would know exactly what to fix or where to go.
• Most pharmacists rely on prescriptions for revenue. 
• Lisa shares her six pillars of pharmacy profit.
• You have to actively own your pharmacy.
• Lisa talks about her community and coaching program and services for pharmacists.
• To have a profitable pharmacy, you have to do the boring work. It’s what’s going to make the profit.
• What’s next for Lisa that she’s excited about?

Tweetables:

“Profit is not a four-letter word. You don’t have to be doing something wrong or illegal to make a profit. It is okay to make a profit.” [00:10:11]

“There’s a lot of things that we can learn from what other professionals are doing right or what they’re doing wrong.” [00:13:19]

“To be in charge of your own destiny, you have to become invaluable.” [00:18:31]

“Yes, we control our expenses, but what [I] really have the most control over is how much money I make.” [00:19:42]

Links Mentioned:

Lisa Faast on LinkedIn

Lisa Faast on Facebook

DiversifyRx website

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Bijou Condo worked as a registered nurse for a few years but shifted to investing in businesses and real estate. When she moved to England to study nursing, she didn’t have family or anyone to stay with, so she learned to live on a budget. That experience laid a good foundation for her to become a successful entrepreneur. She became passionate about real estate and financial freedom and worked hard to achieve her goals. 

After college, she met Claude Condo, now her husband, who educated her about real estate investing. Together, they have scaled their portfolio and now own businesses and commercial real estate properties. They believe that focusing on just one investment is risky. You need to have multiple income streams. Their journey wasn’t easy initially, but their passion and consistency helped them overcome the challenges. Listen now to hear Bijou’s inspiring story and learn how you can achieve financial freedom and be successful!

Key Points from This Episode:

• Bijou Condo’s early years in Congo, Central Africa.
• Moving to England to study nursing.
• A change in mindset from becoming a nurse to owning real estate.
• Learning a hard lesson from her first opportunity to purchase a property.
• Meeting Claude Condo, who was already doing real estate at that time.
• Their first investment together was a commercial property.
• Bijou’s growth as an investor: when did she become comfortable investing in and managing deals?
• The importance of learning how to budget your money and the value of consistency to become a successful investor.
• The lessons they learned about working with lenders and brokers in their first few deals.
• Bijou and Claude’s current businesses and real estate investments.
• What’s on the horizon for Claude and Bijou Condo?

Tweetables:

“Slow is the new fast.” [00:18:53]

“Consistency is important. You have to keep going.” [00:30:03]

“You can never be sure of just one type of investment. You always have to be willing to learn and to change when you have to, whether it’s comfortable or not comfortable.” [00:39:57]

“I enjoyed practicing nursing, but I hated being dependent on a paycheck.” [00:40:24]

Links Mentioned:

Rx Real Estate Investment website

Condo Foundation website

Homestead Community Pharmacy

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki

Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today! by David Osborn

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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Claude came to the U.S. and worked as a pharmacist. Because of his persistence and hard work, he landed a job in the biggest pharmacy in the country. Claude was successful in his career but still needed to find additional income streams to pay his bills and support his family. He learned about real estate and decided to enroll in a coaching program. 

Claude started investing in real estate and eventually left a flourishing career to start his own pharmacy business. He used his passive real estate income to boost and support it. Then, he transitioned from residential to commercial real estate while his pharmacy business grew. Claude believes that having multiple income streams is key to financial success. He shares his advice and strategies for pharmacists like him and everyone who wants to get a foot in real estate and get their first passive income source. Learn how to make your money work for you. Listen now!

Key Points from This Episode:

• Claude Condo’s childhood to teenage years in Congo.
• How and why Claude got into the path of pharmacy.
• What it was like to move to the U.S. in Maine at 23 years old and with no English.
• His persistence got him his first break as a pharmacist in the U.S.
• The role of his mentors in his success.
• His transition to Miami to work for CVS Pharmacy.
• What pushed him to look for another stream of income?
• How Claude got under Robert Kiyosaki’s coaching program.
• What attracted him to real estate?
• Claude talks about his first property.
• What happened to his pharmacy career as he was starting in real estate?
• What made him leave the biggest pharmacy in the U.S.?
• The strategies that worked for Claude when he started his pharmacy.
• How did he juggle a pharmacy and commercial real estate business?
• Claude’s first transition from residential to commercial real estate was an investment property in Johnson City, Tennessee.
• Claude’s biggest lessons in this journey.
• How has investing in real estate boosted his pharmacy business?
• What’s next for Claude?

Links Mentioned:

Claude Condo on LinkedIn

Claude Condo’s email

Rx Real Estate Investment website

Condo Foundation website

Homestead Community Pharmacy

Rich Dad Poor DadRich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. 

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