The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes |  Business Of Medicine | Financial Education
S5, Episode 21- Rent or Buy an Office Building? With Colin Carr of CARR

S5, Episode 21- Rent or Buy an Office Building? With Colin Carr of CARR

September 25, 2020

Our next guest is a commercial real estate expert who has successfully completed over a thousand commercial real estate transactions while saving his clients hundreds of millions of dollars.

He founded and scaled CARR, a nationwide commercial real estate company to specifically represent the needs and interests of healthcare providers. He has mastered several niches in the healthcare real estate industry and is passionate about helping others “Maximize Your Profitability Through Real Estate®”.

In 2009, when he founded CARR, their no-conflicts of interest approach of not representing landlords and sellers was an idea that was met with open arms from hundreds of dentists, physicians, veterinarians, optometrists, and other healthcare providers.

Please help me welcome Colin Carr!

 

In this podcast, you will discover...

- How healthcare providers can win against landlords in commercial real estate

- What are the top 3 mistakes practice owners make with their leases

- What are the top 3 mistakes practice owners make with buying a building

- What Daves thinks is a big mistake that practice owners don't consider with their financing

- Why you should re-negotiate your lease and not just accept a renewal

 

 

Resources Mentioned In This Podcast

Collin's Company- CARR

 

S5, Episode 20- Should You Flip Land? with Justin Sliva & Adam Southey of Casual Fridays REI

S5, Episode 20- Should You Flip Land? with Justin Sliva & Adam Southey of Casual Fridays REI

September 18, 2020

After listening to many other episodes of this podcast... you may be wondering... should I be flipping land?

I am honor to have on this podcast two gentlemen who I respect tremendously and have been following for a couple of years.

They have real, raw wisdom. They don't BS --- unlike other guests I shall not name in this podcast.

Please help me welcome Justin Sliva and Adam Southey from Casual Fridays REI.

In this podcast, you will discover…

  • How and why they got into the land investing business during the last 5 years
  • What they did as a side hustle before getting into land (Hint: It wasn't real estate related)
  • What excited them at the beginning of the land journey and what excites them now
  • Why there are some aspects of the land business that they hate
  • How do they define financial freedom and when is enough, enough

Resources Mentioned In This Podcast:

Casual Fridays REI

Consulting with Justin and Adam

Casual Fridays REI Podcast

The Land Flipping Blueprint

 

S5, Episode 19- Land Investing 201 with Seth Williams of RE Tipster

S5, Episode 19- Land Investing 201 with Seth Williams of RE Tipster

September 11, 2020

More than a few times, you may have heard about my latest adventures in land flipping, but don't take my word for it...

In this podcast, I welcome back the one and only RE Tipster aka Seth Williams.

Did you catch our first conversation?

Click on this link to check out "Another Perspective on Land Flipping" from mid-2018

A lot has changed over those 2 years for me and for him!

Not familiar with Seth?

This ruggedly handsome fella has been in the biz of real estate and land flipping over the last decade and his approach is in some ways very similar to mine, but also has some very stark contrasts.

What I love about his content is that it is raw and real. He provides TONS of content on the do's and don'ts of land flipping and real estate in general. He isn't afraid to tell us about how hard it is to work this business---- especially when you get started out.

He has countless blog posts that help guide us and direct us on how to get there.

Needless to say, I was very geeked out and honored to spend some time with him chatting about flippin' dirt.

(here's a piece of dirt I flipped)

In this podcast, you will discover...

  • What has been going on with RE Tipster since we last spoke
  • How the land business has ruined him for other real estate and the niche he is interested in
  • Why he decided to sell off a duplex he owned 
  • How some of my mailers have flopped altogether and how scaling in $ amount in the land business has been difficult for me
  • What he is doing to collect info for people who want to sell their properties
  • How he started mailing in his land business and why he's stopped mailing now

 

Resources Mentioned In This Podcast:

Seth's Website--- RETipster.com

Seth's Podcast--- RETipster

1st Interview with Seth in 2018- "Another Perspective on Land Flipping"

Rich Dad, Poor Dad by Robert Kiyosaki

My Q1 2018 Quarterly Update

S5, Episode 18- Jennifer Thompson with Dr Marketing Tips Podcast (Insight Marketing Group)

S5, Episode 18- Jennifer Thompson with Dr Marketing Tips Podcast (Insight Marketing Group)

September 4, 2020

Our next guest, Jennifer Thompson, has served as President of Insight Marketing Group since 2006 and helps physicians and private medical practices throughout the U.S. attract and retain patients and rock-star employees. Jennifer has 20+ years of experience in marketing and business development for start-up
organizations and as a marketing director for a Fortune 500 company.

In 2010 & 2014, Jennifer was elected to the Orange County Board of County Commissioners where she made decisions that impacted over 1.2 million citizens and 60+ million visitors. Jennifer was often recognized for her use of social media and community outreach in her elected role. In 2013, Jennifer’s company helped a client win the Social Madness competition in Central Florida and go on to place
8th nationally.

Jennifer is a serial entrepreneur who wakes up every day at 4 am ready to change the world. She has been invited to share her knowledge at multiple MGMA association meetings and conferences, the Florida Bones Conference, the American Academy of Orthopaedic Surgeons and AOA-36 on the topics of social media, reputation management, and leadership. She is also the co-host of the
DrMarketingTips Podcast available on iTunes.

Please help me welcome Jennifer to the show!

 

In this podcast, you will discover...

- How Jennifer began serving physicians and her journey to get there

- What her words of wisdom are to physicians that are in practice and physicians that are transitioning to practice

-  3 decisions that you can make right now that can help your practice

 

Resources Mentioned In This Podcast

 

Insight Marketing Group and about Jennifer Thompson

 

Dr Marketing Tips Podcast

 

 

S5, Episode 17- The Coming Storm

S5, Episode 17- The Coming Storm

August 28, 2020

What a crazy year!

We've dealt with the pandemic and social distancing and countless economic and physical and mental and spiritual anguish.

However.... I believe that we may not be done yet!

I think another economic storm is coming.

 

In this episode, you will discover...

- What I am really concerned about

- The number behind these concerns

- Where the economic storm may hit hardest and where it may not hit at all

- How you may be able to take advantage of this coming storm

 

Resources Mentioned In This Podcast

 

Black Knight's Reports

 

June 2020 Report

S5, Episode 16- Tax Relief and Tax Reduction Planning with Ben Golden

S5, Episode 16- Tax Relief and Tax Reduction Planning with Ben Golden

August 21, 2020

Our next guest is the CEO of Golden Tax Relief, an organization helping individuals and businesses with wage garnishments, delinquent tax returns, bankruptcy, and more. 

He takes the time to carefully review each unique case and develops a thorough plan that will resolve tax problems quickly and efficiently.

He felt it was important to open Golden Tax Relief because of his own past experiences with the IRS. In 2012, he had his identity stolen, and someone tried to file his taxes without his knowledge. It took several years, letters, and calls to the IRS, he finally got it straightened out. But what a mess!

As an Enrolled Agent, he knew how the IRS worked, and yet it was extremely frustrating to know what
needed to be done and be unable to get their help. He could only imagine how someone who doesn’t know or understand the IRS must feel. Dealing with the IRS can be terrifying for someone who has never had to do that before.

Please help me welcome Mr. Ben Golden to the podcast!

In this podcast, you will...

- Discover what led Ben to starting a tax preparation business and then sell it

- Learn the difference between a pro-active CPA and a bean counter

- Listen to common problems that people have with the IRS and how it happens

- Discover the "board" tax deduction which might lead to tax savings of thousands of dollars

- Learn about the pros and cons of the home office deduction

 

Resources Mentioned

Golden Tax Relief

S5, Episode 15- Life After Medicine and How To Handle a Financial Crisis with Dr. Cory Fawcett of Financial Success MD

S5, Episode 15- Life After Medicine and How To Handle a Financial Crisis with Dr. Cory Fawcett of Financial Success MD

August 14, 2020

What does life look like after medicine? How should we handle this financial crisis?

These are just a couple of the questions posed to our next guest.

Our next guest has been with us--- not 1x, not 2x, but now 3x!

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is, however, a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest is a man on a mission; to teach doctors how they can live healthy, happy, and debt-free lives–to regain control of their practice, their time, and their finances. He is making an effort to improve the lives of his colleagues.

Please help me welcome back Dr. Cory Fawcett, Welcome back Cory!

In this podcast you will:

  • Discover Cory's favorite trip during his retirement so far
  • How he thinks CovID19 has impacted the FIRE movement
  • Gain 3 actions you should do right now to prepare from the fall-out of the Corona Virus 
  • Hear whether he thinks private practices or employed physicians will prosper in the times to come
  • Discover how CovID19 has changed how he thinks about side hustles and whether or not it is right for you

Resources mentioned in this podcast:

 Stop Digging with Cory Fawcett, MD

How to Retire Early and Live the Retirement Lifestyle You Want with Cory Fawcett, MD

 

Young-Physicians-Guide-to-Money-and-Life

The Young Physicians Guide to Money and Life

 
Cory's Books:
 
 
Link to articles we referenced:

 

 

S5, Episode 14- The Benefits of Being a “Lien Lord” with Bob Fraser

S5, Episode 14- The Benefits of Being a “Lien Lord” with Bob Fraser

August 7, 2020

In this podcast, we've covered everything in real estate from single family to self storage to multi-family and of course, my favorite, land and now.... being a 'lien lord'.

What the heck does that mean??

I was wondering the same thing when I saw the title.

Our next guest is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes. As Founder and Principal of Aspen Funds, he has purchased more than 1,000 mortgage notes without the risk and volatility of traditional investing options.

Please help me welcome Mr. Bob Fraser!

In this podcast, you will discover...

  • What Bob learned from dealing with venture capital in Silicon Valley

  • How Bob shifted his career and started this business

  • What the potential downsides are and how often people default
  • Why there are advantages of owning notes and becoming a “lienlord,”

  • How their fund structure is set up to absorb an inevitable recession that will blow and how they will keep chugging along.

Resources Mentioned

Aspen Funds

 

S5, Episode 13- The Transition From Physician to Consultant with Dr. Tom Davis

S5, Episode 13- The Transition From Physician to Consultant with Dr. Tom Davis

July 31, 2020

How do you transition out of medicine? What does that look like?

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss how CovID19 has impacted the medical practices and systems he consults with as well as to discuss lessons learned from decades as a physician.

After hanging out his shingle in a small town on the Pickney Bend of the Missouri River in 1994, our next guest and his partners leveraged one of the country’s first total-risk Medicare Advantage contracts into a regional health system which they eventually sold for $132m. After four years as an employed physician, he transitioned into a second career of helping patients by helping clinicians improve their personal and profession lives.

Please help me welcome Tom Davis MD FAAFP

In this podcast, you will discover...

How Dr. Davis got started in medicine

- What the transition was like in hanging in shingle to becoming a multi-physician practice to the acquisition by a hospital system

- What Dr. Davis would suggest to physicians today

- How he celebrated the big pay day and what he thinks of financial freedom today!

Resources Mentioned in This Podcast

WoW Health Solutions

S5, Episode 12-  The Guide to Passive Real Estate Investing with Dr Vanessa Peters

S5, Episode 12- The Guide to Passive Real Estate Investing with Dr Vanessa Peters

July 24, 2020

How can a super busy physician find the time and energy to invest into real estate?

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss how CovID19 has impacted her medical practice and of course we talk about her journey in real estate!

She has a full time busy Family Practice in Escondido, California and serves as the Chief Physician Officer for a physician owned medical group of 84 providers and 12 locations.

She is passionate about building wealth and having her money work hard for her so she can spend time doing things she loves with the people she loves.  After learning about real estate investments such as syndications, she has been passively investing but also founded VMD Investing to help other busy professionals. She enjoys educating and showing them the options available to accredited investors so they are also able to create a passive stream of income and break the time = money equation.

Please help me welcome Dr. Vanessa Peters!

In this podcast, you will discover:

  • How her practice has been impacted by CovID19 and what they are doing to shift
  • What is and what isn't passive real estate investing
  • How she got started in real estate investing and lessons learned along the way
  • What her process is for investing in Syndications and 3 key questions that she asks

Resources Mentioned in This Podcast

The Busy Professional's Guide to Passive Real Estate Investing - A physician's guide to building wealth, creating financial freedom and leaving a legacy.

VMD Investing

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