Summary: One advantage of investing in rentals for cashflow over other forms of investing, is that you often don't pay taxes on the profit. This is one of the greatest benefits of investing in real estate. In this article we will show you how you can still generate profit on your rental property, but show a loss on your tax return. (more…)
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,…
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! (more…)
Summary: How do you successfully self-manage your vacation rental? And why is doing so important? You’ve heard about the tax benefits of vacation rentals. Maybe you’ve heard of some friends who are making six figures from one vacation rental. That all sounds great until you realize that you might have to self manage your vacation 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? (more…)
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. (more…)
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. (more…)
Summary: Many of our readers already know that Real Estate Professional Status is one of the best ways for high-income professionals to shelter earned income (W2 or 1099). However, those who have decided to pursue Real Estate Professional Status often delay becoming one. In this article, we quantify the cost of delaying the decision to achieve REPS. (more…)
Summary: One of the most common questions we get about qualifying for Real Estate Professional Status is: How many rental units do I need to qualify? In this article, we dive into this question and more! (more…)
Summary: Supported living companies secure housing for their disabled clients, allowing them to live in the community independently. As a landlord, renting your properties to supported living can be quite lucrative and fulfilling. In this post, we discuss the supported living program and share our experiences working with supported living companies in the Seattle and Spokane markets. (more…)
Summary: Do you hate having debt? Does the thought of going into debt to invest in real estate make you nervous or make you feel like you are going backwards financially? If this sounds like you, here's why debt is a good thing when investing in real estate and how avoiding debt is likely hindering your journey to financial freedom! (more…)
Our mission at Semi-Retired MD is to help doctors and high-income earners invest in real estate so that they can build lives they love.
By taking our online courses, over 3,000 doctors and high-income earners have started the journey to financial freedom by securing a significant, reliable source of income from real estate investments.