The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network….
Student loans are a necessary evil for most of us. The cost of Medical School tuition continues to go up every year and it can be tough. Lauren and I, like The Darwinian Doctor, took out large loans and still carry our student loan burden.
To be honest, I consider it the price of becoming a Physician and we don’t let it get us down. We budget for the expense and honestly don’t think about it too much.
Lauren and I employed the same strategy as Dr. Shin and spread our payments out over the years and used our income to invest in real estate rather than paying off our loans in the first few years. We have zero regrets with that decision. But like the Darwinian Doctor we refinanced and locked in low interest rates….
However, there can be some downsides to refinancing. This week’s post is a great read about the risks of refinancing and what to watch out for when going through that process. Refinancing is a great way to decrease your loan costs but choosing the right lender is important and the Darwinian Doctor breaks it down in this post… check it out to learn more….
How I Failed at Refinancing my Student Loans (Avoid my Mistakes!)
The Prudent Plastic Surgeon has a way of breaking down complex topics into great posts. This week Dr. Frey outlines the Simple Path to wealth and provides real numbers to drive home the point. He even quotes Einstein and who can argue with Einstein? In general, we all big fans of real estate to accelerate our ability to grow wealth but that is not the only way. If you want to keep it simple you can achieve a very comfortable retirement by following the path that Dr. Frey describes in this awesome article.
The Simple Path to Wealth for Doctors: Back to Basics
This week we explore the difference between the 1031 exchange and the “reverse” 1031 exchange. They are both great options to help grow your portfolio by transferring equity tax free from one investment to another. If you sell a property first you can use a 1031 exchange to use the proceeds to purchase your next property. The key is set this up before selling. However, in a seller’s market you may find a property you want to lock up before you have sold your previous property. That is where a “reverse” 1031 exchange can be a great strategy. Check out the Carpe Diem post of the week to learn more…
1031 Exchange vs the “Reverse” 1031 Exchange
In other news…. The Carpe Diem Short-Term Rental Course is launching May 16th, 2022. If you are looking for a complete course to guide from the beginning of choosing a market all the way to self-managing and set up then this is the course for you. You can even earn CME credit for taking the course.
Enrollment is now open for the May 16th, 2022 Carpe Diem MD Short-Term Rental Course + Physician Wellness and Burnout CME… (click here to learn more)
Enjoy your Journey to Financial Freedom