In this PPhREI Network Roundup, we discuss the pros and cons of using debt in real estate investing, the danger of the “no work, no pay” mentality, and the catalyst of trauma.
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Carpe Diem MD
In this moving post, Dr. Cook describes a traumatic fall that caused cataclysmic changes to his life. Studies have shown that some of the most successful people in life experienced some form of trauma in their childhood. While this evidence doesn’t prove that everyone should have a traumatic childhood, it does show that for some people, trauma serves as a catalyst for achievement.
Read about Ian’s trama on the Carpe Diem MD blog: The Fall
The Darwinian Doctor
This post is in response to some hate I got on Doximity in response to this post about moving to Memphis. It prompted a couple of responses, from this video response to the post below. In this post, I talk about the “no work, no pay” mentality that I saw infecting the comments section. Here’s the basic message: you’re not going to reach your financial goals until you embrace the concept of investing your money for 24/7 income.
Read the entire post here: No Work, No Pay: The Harmful Myth Holding You Back
The Prudent Plastic Surgeon
Debt is the lifeblood of real estate investing. It’s an uncomfortable truth, but it also explains why real estate investing is tough right now. The high lending rates set by the Federal Reserve makes it much more expensive to buy real estate with a mortgage right now.
The overall concept of using debt to invest is anathema to a lot of personal finance gurus, though. In this post below, Dr. Frey discusses the pros and cons of using debt, including a discussion about risk tolerance and the effect of leverage on returns.
Read the post on the Prudent Plastic Surgeon blog: How to Use Debt to Buy Real Estate (& Why You Should)
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