HOW TO MAKE YOUR JOB OPTIONAL”

Masterclass on January 22!

 What if you could enjoy a doctor’s lifestyle without depending on your clinical paychecks?

HOW TO MAKE YOUR JOB OPTIONAL”

Masterclass on January 22!

 What if you could enjoy a doctor’s lifestyle without depending on your clinical paychecks?

Accelerating Wealth Is Now open!

Don’t miss out! Grab this golden opportunity to enroll in Accelerating Wealth.  Enrollment ends December 8th.

Days
Hours
Minutes
Seconds

Zero to Freedom is Now Open!

Don’t miss out! Grab this golden opportunity to enroll in Zero to Freedom. Enrollment ends January 30th. 

Days
Hours
Minutes
Seconds

Zero to Freedom is Now Open!

Don’t miss out! Grab this golden opportunity to join the Spring 2024 Zero to Freedom course!

Category: Real Estate Professional

How to track hours for Real Estate Professional Status

For doctors and high-income professionals diving into real estate investing, achieving Real Estate Professional Status (REPS) is one of the only ways to significantly lower your income taxes and in some cases, completely eliminate it (like we did for 7 years in a row). However, claiming this benefit requires you to carefully navigate the complexities of qualifying for this status. A big part of this complexity involves meticulous tracking of hours spent on real estate activities. Why? Because qualifying for REPS is all about the hours.   

Read More »

Why You Must Hire a Licensed and Bonded Contractor

Summary: Are you about to dive into a renovation project and in the middle of evaluating contractors? If so, you might have come across the question, is it OK to hire a contractor who isn’t licensed and bonded? This is an important question that you must get right if you are to protect your investment. Because getting it wrong could mean significantly higher construction costs and killing your cashflow.

Read More »
Tips for Building a Successful Doctor Owned Business

Tips for Building a Successful Doctor-Owned Business

Over the last couple of years, we have seen more and more doctors venture into entrepreneurship and start new businesses. But the hard truth is that very few (less than 5%) of these businesses will ever achieve $1 million in revenue and an even smaller number (0.4%) make over $5 million. With the odds stacked against you, we wanted to share our top tips for building a successful doctor-owned business. Click below to listen: 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! For more DBW, Semi-Retired MD, and content from Leti & Kenji, follow us on your favorite platforms: Leti IG Kenji IG SRMD FB SRMD IG Youtube Follow this link to listen or listen on Apple Podcasts, iTunes, Spotify, or Stitcher! Don’t forget to share with a friend and leave us a review on the iTunes app if you

Read More »
Can H1B Visa Holders Invest

Can H1B Visa Holders Invest in Real Estate?

Summary: This is the first in a series of articles dedicated to H1B visa holders who are looking to invest in real estate. More specifically, cashflowing rental properties. In this article, we answer the question, can H1B visa holders invest in real estate? Be sure to check back for future articles in this series! 

Read More »

How to Successfully Self-Manage Your Short-Term Rental

Summary: How do you successfully self-manage your short-term rental? And why is doing so important? You’ve heard about the tax benefits of short-term rentals. Maybe you’ve heard of some friends who are making six figures from one short-term rental. That all sounds great until you realize that you might have to self manage your short-term rental. That means communicating with guests throughout their stay. That means working with cleaners in between stays. Maybe you WILL have to deal with that dreaded toilet problem in the middle of the night. So how do you overcome these fears?

Read More »

A Primer on Real Estate Professional Status for Doctors

Summary: Doctors and high-income professionals have few tax advantages due to their high income and employment status. Becoming a real estate professional can provide significant tax savings but is rarely utilized by high-income earners. In this post, we uncover what you need to know about real estate professional status and how to shelter your income using this favored tax status. 

Read More »
reduce vacancy

5 Ways to Reduce Vacancy Rates During a Downturn

Summary: With the country on lockdown, mass layoffs and eviction freezes, real estate investors are left wondering what is to come. Will tenants stop paying rents? Will there be mass evictions in two months? And will owners struggle with increases in vacancy? While it’s difficult to predict what will happen due to the unprecedented level of economic uncertainty of this COVID-related downturn, there are certain steps that real estate investors can take right now to reduce vacancy. In this article, we cover five ways to reduce your vacancy rate.

Read More »

Explore

GET STARTED

search