As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of Carpe Diem MD talks about the tax benefits of owning a short-term rental(s). Spoiler alert: he mentions, and I agree, that owning short-term rentals is the perfect avenue for physicians and other high-income earners because you can continue to practice or work in your field (if you choose to) while also owning a property that generates incoming cash flow and tax-saving benefits. What is there to lose, really?
Daniel Shin of The Darwinian Doctor shares another letter he wrote to his sons. This particular letter to his sons is to teach them the lesson that “your health is your wealth”, which he stresses is not just about money – super important lesson if you ask me! I loved reading this, and I think you all will as well.
When you hear about investing in real estate, I’m sure the first thing to come to mind is NOT investing in senior assisted living homes…. but, based on what I’m coming to learn, why the heck not? I came in contact with Dr. Sendhil Krishnan, a cardiologist in California, who has experience with this type of real estate investing, so I asked him to explain a little more about it. Follow along!