In this engaging episode of the Doctors Building Wealth podcast, we are thrilled to feature Dr. Stephanie Pearson, CEO of Pearson-Ravitz. Stephanie shares her compelling story of transitioning from a successful OBGYN to an innovative entrepreneur in the insurance industry, driven by personal adversity. She delves into the challenges and triumphs of her journey, highlighting the profound learning experiences and the importance of adapting to change. Her story is not just about career transformation but also about finding a new purpose and identity beyond her medical practice. This episode offers invaluable insights for any medical professional exploring the realms of entrepreneurship and personal growth. Stephanie's story is a beacon of inspiration and a roadmap for doctors seeking to redefine their professional and personal lives. Listen Now: Have someone who…
Summary: In March 2020, just as COVID struck, we closed on a 32-unit property. This was an off-market deal and the property looked great on paper. However, we didn’t anticipate COVID and the damaging effects of the eviction moratorium. It’s now been 2 years. The moratorium is now largely behind us. So how did things turn out? Read on to find out! (more…)
Summary: In this week’s deal, we review a 16-unit apartment complex that we had under contract in Oklahoma City. Ultimately, we decided to walk away from it during the due diligence period. This post explores the issues that caused us to abandon the deal and highlight key learning points that you can use when evaluating your next deal. (more…)
Summary: This deal of the week documents our house hacking experience in Seattle. In it, we cover the definition of house hacking and delve into financial details of our house hacking experience in 2016. Though it does require some sacrifice, house hacking can save you on rent, help you build equity and leave you with a cashflowing rental that you keep for the long term. (more…)
Summary: This deal of the week looks at a flip project on a residential property located just outside of Seattle. We discuss the challenges and successes of the flip project. Though flipping houses can be a risky business, it can also provide you with valuable skills and can be highly profitable if done right. (more…)
Summary: This is a continuation of our series of posts where we do a deep-dive on a property that comes across our desks to show you how we evaluate deals. The goal of this series is to help our readers become more comfortable evaluating properties both good (recognizing hidden value) and bad (recognizing red flags). This week's post focuses on our development deal in Sedro Woolley, Washington. (more…)
Summary: This is a continuation of our series of posts where we do a deep-dive on a property that comes across our desks to show you how we evaluate deals. The goal of this series is to help our readers become more comfortable evaluating properties both good (recognizing hidden value) and bad (recognizing red flags). This week's post focuses on an example deal from an investor in Oklahoma City who uses the BRRRR strategy. (more…)
Summary: This is a continuation of our series of posts where we evaluate a property that comes across our desks to show you how we evaluate deals. The goal of this series is to help our readers become more comfortable evaluating properties both good (recognizing hidden value) and bad (recognizing red flags). (more…)
Summary: This is a continuation of our series of posts where we do a deep-dive on a property that comes across our desks to show you how we evaluate deals. For this week’s deal, we evaluate a property that we recently purchased as part of a 1031 exchange. This one is looking good so far, but we believe it has the potential to be great. Read on to see why. (more…)
Summary: This is the first of a series of posts where we do a deep-dive on a property that comes across our desks to show you how we evaluate deals. The goal of this series is to help our readers learn how to analyze properties both good (recognizing hidden value) and bad (recognizing red flags). (more…)