In this PPhREI Network roundup we hear about your fab five, an $18k roof repair, and how to decide if you’re an active or passive real estate investor.
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Carpe Diem MD
This throwback post from Ian Cook, MD, is all about upgrading your closest five friends. Why, you might ask? Because over time, you’ll come to resemble them! Maybe not in your physical appearance (though that can happen too), but definitely in mindset.
And if I learned anything from the past couple of weeks of conferences, it’s that mindset is everything. So take a good look at your five closest friends and get ready to level up.
Read the original post on the Carpe Diem MD blog: 5 people… is it really that simple?
The Darwinian Doctor
This past week, I reported on an $18k roof repair at a duplex in Indianapolis. I used this example as a reason why I believe it’s important to have sufficient reserves as a real estate investor. Reserves allow you to adequately maintain your properties and insure against a domino style sell off in hard times.
Read the original post on the Darwinian Doctor blog: The $18k Roof Repair | The Importance of Financial Reserves
The Prudent Plastic Surgeon
In this post, Jordan Frey, MD, goes over some tips that will help you decide if you should invest in real estate actively or passively. He outlines the question with a few simple scenarios that will help you make the decision based on your answers.
I strongly agree with one of his main conclusions, that active investing is for those who want to accelerate their wealth the fastest. This is why I’ve chosen the active route, despite the additional work involved with both the purchase and maintenance of an active portfolio.
Read the original post on the Prudent Plastic Surgeon blog: How Doctors Can Decide If They Are a Better Active or Passive Real Estate Investor
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