In this PPhREI Network Roundup, we discuss a $500k net worth gains via real estate, buying a new build short term rental, and my personal story of tragedy and rebirth.
Carpe Diem MD
In this post, Dr. Cook describes the pros and cons of buying a newly built short term rental. In addition to the important points he brings up, I would add that buying a new build is just like buying a new car. You’re paying top dollar for that “new car smell.” This locks you into the highest retail price and highest risk of negative returns if there is a depreciation of your asset due to market forces.
Read the entire post on the Carpe Diem MD blog: 5 things to consider when purchasing a Short-Term Rental new build
The Darwinian Doctor
In this post, I described the other Darwinian Doctor origin story. It’s not all about finances, after all. This story took place 25 years ago. It describes the heartbreaking suicide of my then older sister, Liz.
It’s taken me about five years of blogging to feel comfortable with sharing the story, but it seems relevant now. September is suicide awareness month, and doctors are at a much higher risk of suicide than the general public.
September is National Suicide Prevention Month. Need help? Dial 988 to reach the 988 Suicide & Crisis Lifeline
Read the entire post here: Escaping the Shadow of Suicide: A Journey from Heartbreak to Freedom
The Prudent Plastic Surgeon
In this post, Dr. Frey gives us some juicy details about the financial performance of one of the duplexes in his portfolio. He reviews the many ways that real estate can create wealth. From this property, he enjoyed a significant amount of cash flow. But this cash flow was dwarfed by the benefits he received from tax deductions and forced appreciation.
Read the post to learn how this one duplex added almost $500,000 to his net worth: 2-Year Comprehensive Real Estate Review of Investment Property #3
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