Debt Free Dr
Debt Free Dr
To help other dentists obtain financial independence within 5-7 years by investing in passive real estate investments.
Blog By:
DebtFreeDr
DebtFreeDr

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Reducing Tax on Rental Income: The Role of Passive Losses
Reducing Tax on Rental Income: The Role of Passive Losses As a , I was never taught anything about money, much less real estate or taxes, in school. The fault is mine for not seeking this information earlier in my career. It’s amazing that once you learn how to use the tax code correctly, it can...  Read More
Tax Savings Strategies for High-Income Doctors: Maximizing Your W-2 Deductions
Tax Savings Strategies for High-Income Doctors: Maximizing Your W-2 Deductions [Editor’s Note: Today’s article is a guest post from Thomas Castelli, CPA from  (my personal CPA group).] Navigating the maze of tax planning can be daunting for anyone, including high-income doctors. Your unique...  Read More
What Is a Private Placement Memorandum (PPM) In Real Estate?
What Is a Private Placement Memorandum (PPM) In Real Estate? A private placement memorandum (PPM) is an important document for businesses seeking to raise capital by selling securities to a select group of investors. This legal document discloses essential details about the investment, including...  Read More
Marshawn Lynch’s Wealth Secrets: Turning NFL Advice Into Financial Gain
Marshawn Lynch’s Wealth Secrets: Turning NFL Advice Into Financial Gain Despite earning high incomes during their careers, up to 78% (ouch) experience financial distress or bankruptcy within two years of leaving the league. Contributing factors include the average career length of roughly 3.3...  Read More
Steps To Achieve Financial Freedom: A How-To Guide
Steps To Achieve Financial Freedom: A How-To Guide  means having the ability to make choices without being held back by financial constraints. It involves understanding and managing your income, expenses, debts, and investments to achieve a level of financial stability where you can focus on other...  Read More
Section 179d: Tax Deductions for Commercial Buildings
Section 179d: Tax Deductions for Commercial Buildings The 179D commercial building energy efficiency tax deduction encourages building owners and tenants to adopt energy-efficient systems and improvements. Building owners can claim significant tax deductions by implementing qualifying measures,...  Read More
Recapitalization In Real Estate: An Investor’s Guide
Recapitalization In Real Estate: An Investor’s Guide Recapitalization in real estate is when you change how a property is financed. This usually means adjusting how much money comes from loans versus how much comes from investors. This can help the person who owns the property make more money. They...  Read More
What Is The Real Estate Sponsor Promote?
What Is The Real Estate Sponsor Promote? In the real estate private equity world, there’s a key concept called the “sponsor promote.” This is a fancy term for the extra profits the sponsor gets after reaching a certain return level in a deal. If you’re not sure what a real estate sponsor or...  Read More
How to Create a Winning RV Park Business Plan
How to Create a Winning RV Park Business Plan Whether you’re an entrepreneur seeking a new business venture or an existing RV park owner looking to expand, developing a comprehensive business plan is crucial to your success. A well-crafted business plan allows you to examine the market, pinpoint...  Read More
Real Estate Tax Savings: How Cost Segregation Works
Real Estate Tax Savings: How Cost Segregation Works Have you ever been told that the ultra-wealthy folks end up paying little to no taxes? I know I have. The fact is, anybody can benefit from the tax system if they know how to play the game. If I could go back in time (before dental school), there...  Read More
What Is Underwriting in Real Estate? An Investor’s Guide
What Is Underwriting in Real Estate? An Investor’s Guide Investing in commercial real estate is a great way for busy, high-income professionals to diversify their portfolios and earn passive income. Who doesn’t want extra sources of money coming in, right? However, it’s important to understand the...  Read More
What Is Cash Flow in Real Estate and Why Does It Matter?
What Is Cash Flow in Real Estate and Why Does It Matter? Have you ever wondered how real estate investors measure profit? Cash flow is the money a property makes after subtracting its costs. This key metric reveals a property’s financial health. Factors like rent, taxes, and expenses shape it....  Read More
How to Win Friends and Influence People: Carnegie’s Secrets
How to Win Friends and Influence People: Carnegie’s Secrets “” is a classic self-help book by Dale Carnegie published in 1936. With over 30 million copies sold worldwide, it remains one of the best-selling books of all time. I read it once during college and then after dental school. Even though it...  Read More
Investing In Real Estate Notes: A Beginners Guide
Investing In Real Estate Notes: A Beginners Guide Real estate investing offers several opportunities, from purchasing a primary residence to active ventures like house flipping or wholesaling. While some investors prefer the hands-on approach, others lean towards passive strategies (like me),...  Read More
The Stock Market Mirage: Why Waiting Decades Won’t Make You Rich
The Stock Market Mirage: Why Waiting Decades Won’t Make You Rich In a world where financial advice is as common as unsolicited opinions on the weather, one piece of advice has been repeated so often it’s almost NEVER questioned: invest in the stock market, wait a few decades, and you’ll be rich. At...  Read More
Accredited Investor Letter: How To Prove Your Status
Accredited Investor Letter: How To Prove Your Status If you’re looking to invest in certain higher-risk/higher-return opportunities, you may need to prove that you’re an accredited investor.   What is an “accredited investor,” you ask? An accredited investor is a person or entity that meets certain...  Read More
Best Tax Strategies for High-Income Earners [2024]
Best Tax Strategies for High-Income Earners [2024] As a high-income earner, navigating the complexities of a tax strategy is one of the most overlooked aspects of building wealth, especially with the 37% tax rate in 2024. Understanding your specific tax obligations and exploring legal ways to...  Read More
The One Thing by Gary Keller: Book Summary and Notes
The One Thing by Gary Keller: Book Summary and Notes In ‘‘ by Gary Keller and Jay Papasan, you’ll find a new way to think about being productive and successful. This book says that doing many things at once might not be the best approach. Instead, it suggests focusing on just the most important...  Read More
How to Buy a Mobile Home Park: Key Steps For Investing
How to Buy a Mobile Home Park: Key Steps For Investing Buying a (trailer park) can be a great way to make passive income, but it’s important to know all the details before you start. Mobile home parks are a special kind of real estate investment. How you may ask? They let you own land and make...  Read More
Boat and RV Storage: The Passive Income Stream for 2024
Boat and RV Storage: The Passive Income Stream for 2024 I’ve invested in several . These are some of the top cash flowing assets I’m involved in, but it also opened my eyes to something else. People need a place to store their toys like RV, boats, jet skis, etc.  Enter the boat and RV storage...  Read More
How Much Does It Typically Cost to Build an RV Park?
How Much Does It Typically Cost to Build an RV Park? Thinking about starting your own RV park? It’s a great way to make money, especially with so many people enjoying RV travel. But before you dive in, there’s a lot to think about. Building an RV park isn’t just about buying some land and calling...  Read More
Buy Borrow Die – How Elon Musk Pays Less Taxes Than Doctors
Buy Borrow Die – How Elon Musk Pays Less Taxes Than Doctors More than likely, if you’re a high income earner, then it’s safe to say that you pay the federal government a boatload of taxes each year. But how is it that the richest Americans (i.e. Elon Musk, Jeff Bezos, Warren Buffett, etc.) can get...  Read More
Financial Freedom vs Financial Independence: Key Differences
Financial Freedom vs Financial Independence: Key Differences Have you ever wondered about the difference between financial freedom and financial independence? These terms often get tossed around in personal finance discussions but aren’t the same. Financial independence (FI) is all about reaching a...  Read More
Navy Seal Mindset Secrets: Success Through Mental Toughness
Navy Seal Mindset Secrets: Success Through Mental Toughness The Navy SEALs are one of the most elite forces in the world, known for their physical and mental toughness. While their rigorous training and missions may seem out of reach for most people, there are valuable lessons to be learned from...  Read More
Can You Take Bonus Depreciation On Rental Property?
Can You Take Bonus Depreciation On Rental Property? The Internal Revenue Service (IRS) states that bonus depreciation enables business taxpayers to deduct a large portion of the eligible asset’s cost during the first year of its purchase. The remaining cost can then be distributed over several...  Read More
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