In this PPhREI Network roundup, Jordan discusses how his fifth real estate investment has performed and I give you a look at my Financial Origin Story.
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The Prudent Plastic Surgeon
In this post, Jordan Frey, MD, reviews the one year performance of his fifth real estate investment. Again, he has achieved impressive yields as a result of good property selection, renovation, and self-management. In terms of real dollars, this one property gained him over a thousand dollars a month of positive cash flow.
But as you all know, the returns don’t end with just cash flow. Real estate is more than just a dividend stock. The true story becomes clearer when you read about the five ways that real estate makes you wealthy:
- Cash flow
- Tax benefits
- Principal pay down
- Inflation hedge
You can read all the details on the Prudent Plastic Surgeon blog: One Year Real Estate Review of Investment Property #5
The Darwinian Doctor
A financial origin stories tell us about the particular elements from your childhood that determined how you view money. For me, I’d say that my financial origin story revolves around the sudden turn for the worse that my family went through in the early 90s. This taught me that money is scary and that financial security is incredibly important. This influenced my decision to go into medicine. Now that my family is financially secure, I still have to fight against my tendencies towards scarcity. While protective, these tendencies sometimes stifle growth.
You can read the entire post here on the blog: Financial Origin Stories | Generation FIRE Episode One
Or you can watch it on YouTube on the Generation FIRE video podcast:
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As I scale up into apartment buildings, I look forward to sharing the benefits of real estate investing with my readers via investment opportunities! Interested? Book an investor call to join my inner circle!