The Big Risk of Real Estate Tax Savings | PPhREI Network Roundup | 7-19-2024

by The Darwinian Doctor

This roundup includes the downsides of using accelerated depreciation, as well as why residency training doesn’t have to be a nightmare.

This post may contain affiliate links.

The Prudent Plastic Surgeon

This is a great article from Dr. Frey that discusses the downside of a popular real estate tax strategy called accelerated depreciation.

I write about this concept and strategy here: Amazing Tax Deductions from your Short Term Rental.

I also discuss how it actually affected my 2022 taxes in this post: Cancelling Out My 2022 Federal Taxes as a Physician Real Estate Investor.

Dr. Frey does a great job of explaining in detail the actual way depreciation affects your basis in a real estate property and what happens if you go to sell a property that has been depreciated. Spoiler alert – you can be on the hook for a lot of money!

This one is a must read if you are planning to use the advanced tax strategy of depreciation!

Read the full post on the Prudent Plastic Surgeon blog: 3 Massive Ways Real Estate Tax Savings Can Backfire

The Darwinian Doctor

This blog post is all about residency training. I recount my own experience as a resident in urologic surgery at the county hospital in Los Angeles. I also discuss three specific factors that made my experience almost like a waking nightmare (at times): power imbalance, incompetent leadership, and an artificial zero sum game.

I offer some suggestions about how we can make sure that new residents can avoid the nightmare. I put a lot of burden for this on the leadership in training programs and advocate for a top down approach.

(I’m not calling out my residency program. It’s been almost a decade since I went through it, and I hear that things have changed for the better.)

Read the whole post on the Darwinian Doctor blog: Residency training doesn’t have to be a nightmare


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Urologic Surgeon | Real Estate Investor | CEO

Urologic Surgeon | Real Estate Investor | CEO

About me

I’m Dr. Daniel Shin, a urologic surgeon and real estate investor on a mission to fast-track your financial freedom. I used to be $300,000 in debt and handcuffed to my job.  Now I’m living a life of freedom, purpose, and exponential growth. Ready to join me on this journey? Let’s go!

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Since everyone is different, it may not be appropriate to generalize my doctorly advice to your own situation. Please run all medical, life, and financial advice by your own physician or financial professionals before applying it to your own life! Consider all information for your entertainment only!

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