MtoM #164: Orthopedist Starts a Real Estate Empire as a Resident and Finance 101: Real Estate Professional Status

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 April 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

This Orthopedist got started building his real estate portfolio while he was still a resident! Now after only 4 years he has a multi million dollar real estate empire. He said he began his journey by learning everything he possibly could about real estate and finances when he was in his second year of residency. Once he had the confidence he had the knowledge he needed he hit the ground running and hasn't looked back. After the interview we will talk about real estate professional status for Finance 101.

At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who’s just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you’re further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at whitecoatinvestor.com/mortgage.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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Transcript

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0:00.0	This is the White Coat Investor Podcasts to Millionaire,
0:04.2	celebrating stories of success along the journey to financial freedom.
0:08.2	This is Milestones podcast number 164.
0:17.0	Orthopedist starts a real estate empire as a resident.
0:20.0	At some point in our financial lives it will be time to buy a home.
0:24.0	A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment.
0:31.0	These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage.
0:36.0	But if you're further advanced in your career or deeper into your journey to financial freedom,
0:40.0	buying a home with a conventional mortgage and then later on
0:42.6	potentially refinancing that loan to a better rate
0:45.0	with a shorter time frame could be a great move.
0:47.8	Wherever you are in your financial journey,
0:49.3	make sure you use the mortgage
0:50.4	that will be most financially beneficial for you.
0:52.6	Hop over to our recommended tab to learn more about all of your mortgage and
0:56.9	refinancing options at whitecoat investor.com slash mortgage.
1:00.9	You can do this and the white code investor can help.
1:04.0	Welcome to the milestones to millionaire podcast.
1:08.0	This is a sub-podcast of the white code investor where we bring you on and talk to you about what you're doing in your financial
1:15.2	lives. We want to celebrate milestones with you, not only to congratulate you, but inspire
1:21.7	other white code investors to do the same.
1:24.4	If you're interested in coming on the podcast, you can apply at whitecode investor.com
	...

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