Any Medical Investors?

Rental Property Investor · OKC, OK · Member since 2008 · 108 posts · 235 votes

I'm curious. How many here are in the medical field in any capacity? I'm an ER doc and investor and I have lots of colleagues (in all facets) in the medical field that want to start but I only know a few who truly have. So who else here is or was in medicine?

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Rental Property Investor · Brooklyn NY · Member since 2018 · 263 posts · 469 votes

ER RN here. Closing on my first turnkey rental within the next 2-weeks.

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Dmitriy Fomichenko
Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
8y
I'm not a docs, but several of my clients are. One of them started a blog to document his journey and help other doctors:
https://millionairedoc.com/
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Drew Eldridge
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Rental Property Investor · OKC, OK · Member since 2008 · 108 posts · 235 votes
8y
Originally posted by @Dmitriy Fomichenko:
I'm not a docs, but several of my clients are. One of them started a blog to document his journey and help other doctors:
https://millionairedoc.com/
Thank you for the info, Dmitriy. I will definitely check out his blog.
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Aaron Hunt
All Over, USA · Member since 2017 · 689 posts · 756 votes
8y
@Drew Eldridge Hospitalist here.
Bought my first rental investments during residency.
After wasting my intern year renting, I lit a fire under my own @ss and bought a property in my second year to become a homeowner, then became a self-managing landlord upon buying my second home during my third year of residency.
Caught a lucky development wave and crushed it on appreciation gains. Now I jacked up rents, dropped PMIs, and handed them off to a solid PM team. I’m a long distance passive investor as a result. I don’t got time for that. I will in 20 yrs though when they’re all paid off by my tenants.
Goal is to pick up extra shifts, keep buying/accumulating rapidly for cash flow before lifestyle creep sets in and I have to buy a mansion and a couple Teslas.
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Scott Weaner
Rental Property Investor · Yardley, PA · Member since 2008 · 1k+ posts · 561 votes
8y
Originally posted by @Drew Eldridge:

Originally posted by @Scott Weaner:
I have been a practicing physician for 29 years. I started in RE investing a few years ago with the goal of earlier retirement.
So far, so good.
Scott - That's awesome to hear. Sounds like you and I had the same plan. lol. At what age do you think that may happen?
Hoping for 5-6 years, at age 64 or 65.
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Michael Bishop
United States · Member since 2015 · 401 posts · 394 votes
8y
@Drew Eldridge , from your responses, it sounds like you run a MF syndication fund, am I off base here? If so, I'd love to connect and hear more as I'm in the syndication space as well - MF, self-storage and mobile home parks.
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PJ MuilenburgPro Member
Rental Property Investor · Sapulpa, OK · Member since 2013 · 20 posts · 9 votes
8y
@Drew Eldridge I'm a physical therapist full time and have five single family or duplex rentals. I don't know of many other real estate investors around here who are in the medical field so this is an interesting post.
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Casey Johnston
Rental Property Investor · Pearland, TX · Member since 2016 · 4 posts · 0 votes
8y
@Drew Eldridge my wife and I are eye docs in Houston. We just got started this past November and have a SF rental in south Texas.
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Pat L.
Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
8y
I'm an Mech. Eng. (retired @ 49) wife has been in private practice for 38 yrs going to retire end of 2018.
We have a large portfolio that we began 40 years ago during the 18% Int Rates. Never looked back. Our Vet is into commercial so we spend 10 minutes on the dog & 15 on REI.
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Jonathan Bouren
Specialist · Member since 2018 · 23 posts · 5 votes
8y
@Drew Eldridge Remote contract paramedic with 7 years in the ER. ) if that counts.
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Jonathan Bouren
Specialist · Member since 2018 · 23 posts · 5 votes
8y
@PJ Muilenburg It caught my eye too. I was always curious what the higher paid medical staff would invest in. I know a few that play the stock market or split a clinic but no real estate investors yet.
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Jennifer Zierlein
Benton, AR · Member since 2017 · 9 posts · 3 votes
8y
My husband and I are both optometrists. We are only 8 and 7 years into our careers and already looking for ways to cut back and spend more time with our family. I went part time 2.5 years ago when our first child was born. I hope investing in real estate will allow my husband to go part time as well, and eventually both retire early. We were recently under contract on our first SFR but the deal fell through, so I'm back to searching again.
@Casey Johnston I know there are a few other ODs on here as well.
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Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
8y
Any time I see docs, I feel compelled to recommend my friend, Physician on Fire's blog. www.physicianonfire.com. He's an anesthesiologist in MN, on the FI path.
[email protected]Podcast Guest on Show #261
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Casey Johnston
Rental Property Investor · Pearland, TX · Member since 2016 · 4 posts · 0 votes
8y
@Mindy Jensen Thanks for the recommendation
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Misty James
Rental Property Investor · Member since 2018 · 27 posts · 14 votes
8y
Hi @Drew Eldridge, I am Psych Nurse 20 years, I "played" real estate investor for 15 years (with some positive experiences). I decided a few months ago this is my year to leap all in!
0 Reply
Narjodh Singh
Member since 2018 · 13 posts · 0 votes
8y
I am CDIP specialist for Neurosurgery group. I have just closed on Duplex in Cleveland OH and will share my experience how it goes with PM company. I have future plans to invest in equity appreciation market.
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Craig Tomlinson
Real Estate Broker · Canyon Lake, CA · Member since 2017 · 10 posts · 6 votes
8y
@Drew Eldridge ER RN here in Ca. Currently in the fix and flip game but looking to transition over into buy and hold once I’ve built the capital. I work with a few ER Docs and Nurses that are in the real estate game as well!
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Heidi Kenefick
Rental Property Investor · Hartford, CT · Member since 2017 · 168 posts · 163 votes
8y
@Drew Eldridge Hi Drew, I’m just out of residency and doing Peds. I house hacked my 3/2 throughout residency to travel nurses and now it is rented out with a year lease to a nurse. I’m looking to by tax liens and multi family houses now, and rent out per door to certain populations. I’d love to chat more! Send me a PM.
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Matt Pierce
Flipper/Rehabber · Boise, ID · Member since 2018 · 18 posts · 11 votes
8y
@Drew Eldridge. Hi Drew, I am in the medical field working in hospice and home health care for the past 9 years. Glad to connect
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Jim Theunissen
Member since 2018 · 6 posts · 2 votes
8y
Hi. Me and my wife(ER doc) started 3 years ago, with 1 sfh.
Year 2 another and this year a smaller sfh.
We have set goals of buying 1 property every year. And have each property paid in full in 5 years.
The beginning is slow. Its like a snow ball effect. Slow and small in the beginning, but fast and big very soon.
As soon as you understand the positive cashflow machine, and gear it to pay off mortgages. You can easily find yourself in early retirement.
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Terre B.
Aurora, CO · Member since 2018 · 180 posts · 166 votes
8y
Drew, maybe I misunderstood your qustion, but if you are looking at Medical Office Buildings, I have some contacts in the MOB field here in Denver, if you would like I can put you in touch with a company that manages a number of smaller MOBs both here and in other states.
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Angela Smith
Member since 2018 · 161 posts · 152 votes
8y
I'm a nurse practitioner. Hubby is a computer engineer. I found myself with a life changing diagnosis (MS) a little over a year ago. My treatment required me to step out of the clinic setting due to the risk of infection. So I am now teaching, which cut our household income by about a third. Thankfully, we had a solid savings that we recently used to buy our first rental. It is a SFH, it is a very modest first step that will net use about $425 a month. Not a lot, but we feel we can easily afford to carry the obligations associated with this property if we find ourselves with a vacancy or a non paying renter. I don't know what the future holds. I have recently returned to working in the clinic 1-2 days a month as a moon lighting gig. I'm testing the waters to see if I can practice safely in regards to maintaining my balance, learning how to manage the work load and avoiding infection. If I can boost our income by moonlighting, I can speed up our progress towards our next investment. If I cannot, we are blessed to be on the investment track even if it's the slow investment track. Thankfully, we both have solid 401k plans as well so retirement should be safe. We are working to replace my income should I find myself unable to work.
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Jen Stevane
Butte, MT · Member since 2017 · 8 posts · 3 votes
8y
@Drew Eldridge I am a general surgeon who has always loved real estate but haven’t had time or money until recently to invest. Now own 16 units and looking to build significantly on that. There are some doctors Facebook forums as well as BP but I’ve found that BP is better. Message me if you want to chat more!
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Alvaro ArangoPro Member
Washington, DC/Salisbury MD · Member since 2017 · 35 posts · 8 votes
8y
@Drew Eldridge I am a Hospitalist PA working in the Maryland/DC area. I currently own 1 SFH in Baltimore and 1 condo in DC. I'm looking to expand some more and continue to grow.
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
8y
My wife is a nurse & I watch Grey's Anatomy with her. Does this count?
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Sean MonahanPro Member
Real Estate Agent · 21224 · Member since 2018 · 98 posts · 61 votes
8y
Nursing is my hobby and real estate is my passion. 3 SFHs, two buy and hold with renters, One was a BRRRR that I used to purchase one of those two buy and holds. Always a lot of interested investors in the hospital.
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