800k to 1031 exchange

[Sajimone]

I threw a couple fishing lines to various syndications, brokers, see what I can catch. I know there are only few savvy physicians here that are heavily...

[Sajimone]

Real estate is getting tougher to find deals in today’s market. I have 42 days to identify properties and looking for something good? Looking for...

[Sajimone]

Appreciate everyone's feedback! This never happened before.. and i get around 1-3 cases a month so it never occurred to me that a retaining attorney...

[Sajimone]

Defense attorney retained me on a DVT case 6-8 months ago.. I reviewed.. signed off the affidavit.

A week ago.. I had received a nonrefundable...

[Sajimone]

Went under contract for a medical office building with concentra as the corporate tenant. I saw they were pulled off from moodys list? Anyone have thoughts...

[Sajimone]

I own 5 medical office buildings in Florida. My usual lender can't do out of state loans for some reason. We're closing on a $1.25m MOB in Kansas City.....

[Sajimone]

agree.. but if it counts.. we want every legitimate hour possible to completely go way above this 750 hr rule!...

[Sajimone]

Yes.. im full time physician. My wife is part time. She legitimately spends a lot of time in managing, operating, rehabbing, leasing, acquiring new...

[Sajimone]

Thank you for the clarification! Having to be REPS was not clear in the article. What are legitimate examples of what folks log as RE hours ? I hear...

[Sajimone]

https://www.cnn.com/2020/03/28/opini...ery/index.html

anyone have thoughts on this article? As a result...

[Sajimone]

If these conferences are legitimate conferences with real speakers and a real topic that benefits attendees.. then I think it would be very helpful.  Of...

[Sajimone]

Im in a multi specialty hospital based practice. One of 18 plus med oncs. Most folks here have their own or share a scribe. Some of the older folks...

[Sajimone]

I would definitely strategize in a way to max out all retirement accounts first... then throw the rest at the loan.  budget well and stick to it.. build...

[Sajimone]

we use scribe america starting maybe 5-6 years ago.. life changer!!  minor edits on the notes mainly on the assessment and plan but 80-90% reduction...

[Sajimone]

My mom in law lives with us.  At first.. there were some growing pains but with time it ended up working out well.  Not sure if i could of done it so...

[Sajimone]

late response... but i check in every so often.  = ) I agree with Kamban... I think we're saying same thing.   Invest safely for now.. continue to...

[Sajimone]

appreciate everyone's input!  the argument to use it as a tool for the invest-now camp seems negligible.  but ENT doc may be right.. maybe payoff early...

[Sajimone]

I came across this article from semiretired md. Seems interesting and ive never heard of this “recasting” before ? Has anyone done this ? It...

[Sajimone]

Hands down.. real eatate broker. More hustle = more money and has so many different fields you can go into! Lots of learning and provides a service...

[Sajimone]

I do a bit in residential and now switching to commercial real estate. Im actually buying my 3rd commercial building soon.. just went to contract. ...

[Sajimone]

Our hospital is looking to find a better model to incentivize physician's participation in clinical trials and Im just curious if anyone has any thoughts?...

[Sajimone]

Anyone know anything about these guys?  I've been offered to do these case reviews online for $$/case.

[Sajimone]

I have both fidelity (wifes roth, work 403, kids) and vanguard (my roth, business 401, taxable) accounts. Vanguard seems more user friendly, intuitive...

[Sajimone]

Great course! I went in person and learn better with other people. Its actually very interactive and not just lectures all day. Youll leave confident...

[Sajimone]

AlexxT wrote: Sajimone wrote: But if you’re smart/savvy.. you will figure out the dental business with 1-2 years of employment first, save up the large down payment for a multi...

[Sajimone]

I agree with StarTrek's opinion.  Most people here are too conservative... not bad advice from a conservative standpoint.  But if you're smart/savvy.....

[Sajimone]

I've been waiting a long time for a recession... begged the market gods to bring one of these financial blood baths while I was still young with many...

[Sajimone]

Top recommended books? To passive md.. im interested in starting a real estate investment club with other physicians. Do you recommend partnerships and how do ...

[Sajimone]

How do you have a mortgage?  230k house with 135k mortgage... ?  I would sell the house.. the market is good and then you'll have plenty to buy a used...

[Sajimone]

I appreciate everyone's input!  Sounds like we won't make it to Oregon and we'll focus on the main sites in the other states.  Im thinking Park City/Cottonwood...

[Sajimone]

Im a Floridian inspired by all the pictures the WCI puts out on his family's nature trips.   I've bought airline tickets and rental car to head out...

[Sajimone]

I appreciate everyone’s responses and input! It’s been a ride for sure. We almost lost the properties as we didn’t turn the contract in on time...

[Sajimone]

I have all properties in an llc with the intention that I’m protected from the inside-out. Tenant sues or someone sues the properties within llc.....

[Sajimone]

Field: HemOnc Years in practice: 7 Best part of job: Clinical trials, using new immunotherapeutics to treat malignancy.  I primarily focus on cutaneo...

[Sajimone]

the mortgage professor had some nice spreadsheets to understand the numbers better...  extra payments to the principal in small chunks appears equivale...

[Sajimone]

That’s my point.. that’s simple interest payments. Now look at your mortgage amortization schedule and see how much amortized interest you’re paying...

[Sajimone]

Same amount of time you take to make extra payments on a traditional mortgage principal? again I’m playing devils advocate here.. but what’s the...

[Sajimone]

I've brought this up before a year or so ago.. but I believe I backed away from the idea just due to the hassle factor and I wasn't completely convinced.   Plus...

[Sajimone]

Register on seak website. I’ve done 5 cases so far which has been a small part of my consulting. Stay within your area of expertise. You’re not...

[Sajimone]

I always learn something new on this website! The iPhone has a feauture that schedules “warmer lights” in the evening.. did not know that!...

[Sajimone]

All these new crypocurrencies and crowdfunding websites... sounds very ominous!  when everyone is greedy.. be fearful and when everyone else is fear...

[Sajimone]

Pretend your going to pay off your mortgage by investing in taxable index fund.. then once you've build enough to pay off the mortgage, you can decide...

[Sajimone]

I just attended and highly recommend it! It was very instructive and the two speakers were well experienced, interactive and entertaining. I’ve done...

[Sajimone]

Each lease is base rent plus equivalent sum of all sales tax.  Per the leases, annually the rents are increased proportional to the CPI or 3-5% whichever...

[Sajimone]

My wife and I found two commercial properties that serves 4 business tenants.. each building renting out to clinics and pharmacies in two different cities....

[Sajimone]

1.  My wife does the landlording and she's part time pediatrician.  Im full time doc with heavy practice.  Not too bad if all goes well... a monthly...

[Sajimone]

It's been a while since I've looked at this but I'll tell you how I and my CPA do it.  Im not too sure anymore if its completely correct but let's see...

[Sajimone]

I don't know what's right for your situation?   To me, this seems more like a supplemental to the HDHP health plan to alleviate some of those out of...

[Sajimone]

both insurances are paid with after tax dollars.   attached my 2018 overall elections.

 

 

[Sajimone]

This is an interesting question...  Our hospital just started offering HDHP and also encourages enrollment by matching contributions up to an additional...

[Sajimone]

I don't watch a lot of TV.  Actually my most viewed channels are CNN, truTV (impractical jokers).. and maybe FX, Bravo occasionally.   My internet/cable...

[Sajimone]

I definitely would pay the full registration price to attend and see it live!  Plus its a vacation and tax write off for practically the whole trip.  ...

[Sajimone]

For all those folks on the waiting list or who can't make it that weekend... will there be a video recording to review later on?

[Sajimone]

Thanks Johanna!  I think those are really important points to consider?   I'm currently in the process of setting up a trust for our kids that would...

[Sajimone]

Any one doing this or have any thoughts regarding placing investment real estate into a land trust vs LLC?

[Sajimone]

Real estate is a small portion of my portfolio for now but I hope will soon change over time.   Im 38 yo old... and we just recently hit the 7 digit...

[Sajimone]

Appreciate everyone's opinions provided!   I just completed my first case last week.   I feel that for the work being done on reviewing a chart which...

[Sajimone]

I've been asked to provide an expert opinion on a patient case.  This is my first one and I only agreed to do it as I had some time to do it tomorrow...

[Sajimone]

Im 38 yo male physician non smoker.. no medical issues.   Im increasing my life insurance coverage to a 5million policy and it seems the best quote that...

[Sajimone]

Agree. Don't like risk.. don't invest. Just recently closed a deal on a 3bed2bath home. 30k below comps... motivated seller! I already have a tenant...

[Sajimone]

Appreciate the input! BBT is currently offering this option and I can't find another bank that competes? Yes.. buy and hold for rental residential...

[Sajimone]

I have some equity in my house that's not doing much.   I was thinking about using the HELOC for real estate investing... mainly placing all cash...

[Sajimone]

I would download the MileIQ app to your cell phone!  It's easy to use and it automatically logs your travels from any point A to point B.   Then at...

[Sajimone]

Even if you pay a little more in payroll taxes.. I think it still makes sense to have wifey under your solo 401k for potential income tax deferred contribution...

[Sajimone]

Its been awhile since I've set this up.. I had help..  but very similar situation.   My wife is an employee to me and I set her up as one under...

[Sajimone]

I have a cpa doing our taxes which I had started doing 2-3 years ago.  It was becoming a bit cumbersome/complicated and it was relatively inexpensive...

[Sajimone]

Location will be important!  Our family skies at least once a year and its a nice tax write off for at least a part of the trip.  Those that don't know...

[Sajimone]

Vagabond MD wrote: Sajimone wrote: I’m hearing interesting things from folks with 529s that use it in a way that saves on taxes and to the benefit of the contributing paren...

[Sajimone]

I'm hearing interesting things from folks with 529s that use it in a way that saves on taxes and to the benefit of the contributing parent as oppose to...

[Sajimone]

38yo 6 yrs out from fellowship: 2016 Maxed his/her Roth Maxed 403 and 457b Maxed 457f - 15% of annual w2 income Contributed about 30-40k into solo401k Paying k...

[Sajimone]

I'm not smart enough to understand what the ultimate repercussions are for this growing national debt and ultimately how do we prepare ourselves from...

[Sajimone]

My wife is a part time pediatrician.. one day a week.  She continues to work to maintain her skills and she highly enjoys seeing pts on a part time basis....

[Sajimone]

jfoxcpacfp wrote: So you saved $39,600 by depreciating the real estate and you pay $25,000 of it back. You are ahead $14,600. After 27.5 years, you are goi...

[Sajimone]

I just recently reduced my auto/home insurance substantially... and increased my umbrella coverage without paying extra!   You can decrease your hom...

[Sajimone]

I love simplicity as well!  And after further thought.. Im going to simplify this strategy in an example below but just so you know where Im coming...

[Sajimone]

I can perhaps prepay an extra 1-2 months of principal down.. which I used to do but now apply all extra payments to a taxable mutual fund... but to do...

[Sajimone]

Please forgive me if I might be asking a very dumb question... as Im not mathematically inclined.   I have gone from a Dave Ramsey approach of aggressively...

[Sajimone]

I have Amex platinum.  I travel quite a bit.. so definitely meant for the traveler. Free lounge access, delta sky lounge, centurion lounges, and priorit...

[Sajimone]

Great quiz.. got above average.. but not a guru.  Thanks for sharing!

[Sajimone]

HemOnc Hospital based employed   salary plus incentive x 2 programs one clinical the other is non clinical. incentive based on production.. $70per ...

[Sajimone]

Read this particular topic in a book and it seems our county has an online auction at the end of the month. Sounds legitimate... Property taxes that...

[Sajimone]

Appreciate everyone's input... live in Florida.   I changed out all my lights to LED, changed out AC units to Lennox high SEER for our home including...

[Sajimone]

I use Vanguard 401k.  Deduct home office, cell phone/internet, office supplies, and business related travel expenses.   With the help of Joanne and...

[Sajimone]

Anyone have any thoughts on this?   Our currently electricity cost are around $300-500 a month and the initial upfront investment to purchasing solar...

[Sajimone]

Johanna and Kon.. thank you for your detailed response!  Two questions.   My kids pretty much do the accounting, banking, and paper shredding.   They...

[Sajimone]

I have Amex platinum card... Best card with the following perks... free tsa precheck $80 value free access to delta sky lounge priceless but $50 value...

[Sajimone]

My wife and I own the LLC.. I just added her as an employee to the business.  Im just making sure that Im doing this right.  Can I contribute both...

[Sajimone]

Your allocation is not unreasonable.. I'm 36 and 95% or so in equities and I have more allocated in index/large cap followed by international then...

[Sajimone]

I have been paying basically an extra mortgage payment per month while we have been in a bull market with the preference that I'd like to pay off the...

[Sajimone]

Regarding creditor risk.. You ought to know if your hospital looks financially stable?  My hospital has been around for 100+ years and although nothing...

[Sajimone]

JK wrote: Have read several of WCI posts about asset allocation, especially “150 portfolios better than yours” which was my favorite. Curious what everyo...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to change  that ratio as time goes by and these are mostly in...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to change that ratio as time goes by and these are mostly in...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to increase that ratio as time goes by and these are mostly in...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to change that ratio as time goes by and these are mostly in...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to increase that ratio as time goes by and these are mostly in...

[Sajimone]

Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to increase that ratio as time goes by and these are mostly in...

[Sajimone]

Agree with gas doc. Definitely depends on your risk tolerance? I'm 37 and 95% equities and 5% bonds. I plan to increase that ratio as time goes by and...

[Sajimone]

Agree with gas doc.  Definitely depends on your risk tolerance?  I'm 37 and 95% equities and 5% bonds.  I plan to increase that ratio as time goes...

[Sajimone]

I max out everything.. 403, 457b, 457f, roth and solo401 as well as monthly contribution to kids 529s x 3.   Does the order really matters if maxing...