The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network…
The Darwinian Doctor has put together a great post about investing with a HELOC. A HELOC is a great option for investors but there are risks to this financing option. Dr. Shin discusses the advantages, disadvantages and his HELOC investing golden rule in this week’s post.
Investing with a HELOC: A Physician’s Analysis of the Risks and Benefits
This week the Prudent Plastic Surgeon addresses the topic that money is a taboo subject for most physicians. He is right. Most of us did not go into medicine for the money. We also did not receive any formal financial training. It is not surprising with this background that we find ourselves battling with insurance companies, hospitals and corporate medicine. We as a collective group allowed others to manage the finance portion of medicine and we have reached this current state. The same avoidance of finances is reflected in our individual financial decisions.
The good news… this mindset can be changed. Dr. Frey discusses how to develop a healthy money mindset and then move to the next step of wealth building. These two things can co-exist with being a good physician. You can simultaneously be financially literate and a great physician… they are not exclusive to one another. Check out the post to learn more.
Converting a Healthy Money Mindset into Wealth Building Action
2023 is flying by. I can’t believe it is already February. We are a month into the year and the 4th quarter will be here before we know it. 2023 is an interesting time for real estate investing. The fed is raising interests, which is causing downward pressure on prices but the lack of inventory is holding prices for the time being. In addition, bonus depreciation begins to phase out this year and has been reduced to 80%, which is still respectable. There is a lot of fear in the market but now is a great time to learn your market and analyze properties to be prepared for buying opportunities. There are still viable properties available, the key is finding them.
2023 Short-Term Rental Bonus Depreciation Update and more…
The Carpe Diem MD STR Course February 2023 is available for signup
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