I will be attending medical school this year (U.S DO school) and was formely a real estate broker both on the commercial and residential side. For all you investors physician/residents out there, I have a few questions.
1) Why not buy a multi-family house during residency?
If you are in a good location where demand is high, I don't see any negatives in buying a multi-family house. Even if you are moving during fellowship or during as an attending, you can always have a local real estate agency manage your property for relatively cheap. What are the negatives to this?
2) What are your thoughts about investing in commercial real estate as a physician?
In my area, this is hot and the costs are reasonable. Cap rates are high. I've always wondered, is it possible to be a full-time physical while owning a number of commercial properties? With strong management team and backing of a decent broker, you're properties can be rented fairly quick. So why not invest in commercial properties?
Any thoughts on this?
1) Why not buy a multi-family house during residency?
If you are in a good location where demand is high, I don't see any negatives in buying a multi-family house. Even if you are moving during fellowship or during as an attending, you can always have a local real estate agency manage your property for relatively cheap. What are the negatives to this?
2) What are your thoughts about investing in commercial real estate as a physician?
In my area, this is hot and the costs are reasonable. Cap rates are high. I've always wondered, is it possible to be a full-time physical while owning a number of commercial properties? With strong management team and backing of a decent broker, you're properties can be rented fairly quick. So why not invest in commercial properties?
Any thoughts on this?
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