WCI #352: How to Reduce Capital Gains on Property Sales

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 February 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are answering your questions. We talk about capital gains taxes when selling a vacation home, then get into the age old debate about if it is a good idea to buy a house during residency. Dr. Dahle gives advice on things to think about when you are shopping for a new car, then he gives ideas for things to think about when considering buying into a practice. Finally, we answer a few questions about taxes.

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 https://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 is for you!

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Transcript

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0:00.0	This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street.
0:06.1	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. The White Coat Code Investor Podcast number 352.
0:17.0	At some point in our financial lives, it will be time to buy a whole.
0:22.0	A physician mortgage can be a good vehicle
0:24.4	for a young doctor who is just out of training and has a more effective place to use their money than on a big down payment.
0:30.2	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 home with a conventional mortgage and then later on potentially refinancing that loan to a better rate
0:44.3	with a shorter time frame could be a great move. Wherever you are in your financial journey,
0:49.1	make sure you use the mortgage that will be most financially beneficial for you.
0:52.3	Hop over to our recommended tab to learn more about all of your mortgage. mortgage that will be most financially beneficial for you.
0:52.5	Hop over to our recommended tab to learn more about all of your mortgage and refinancing options
0:56.3	at whitecode investor.com.
0:58.8	You can do this.
1:00.0	The whitecode investor can help. Welcome back to the podcast.
1:04.0	It's February now.
1:06.0	Shoot.
1:07.0	We're on our way to W.C.
1:10.0	Super exciting.
1:11.0	We're going to be down in Florida within the week as you're listening to this.
1:16.0	You can still come to that by the way. We'd love to have you if you want to come,
1:20.0	probably virtually at this point, I suspect, if you're if you're still signing up at this
	...

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