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

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Real Estate PPM: Mitigating Risk and Maximizing Return on Investment
If you’ve been reading this blog or watching some of my , you know that real estate syndications are one of my favorite investments. In 2017, my first investment was an apartment syndication in Dallas. It was nerve racking to go through the process the first time as a passive investor. From reading...  Read More
How To Avoid Depreciation Recapture Tax On Rental Property
One of the reasons that kept me from investing in rental real estate was trying to understand what all of the terms meant. Trying to learn this brought back vivid memories of dental school where it seemed that the teachers were speaking a differerent language such as:     Bruxism     Edentulous  ...  Read More
Real Estate Depreciation: #1 Tax Strategy for Busy Professionals
As a dentist, you probably fall into the highest tax bracket (37%), which is a significant expense. When I started my own dental practice from scratch, I bought a new office along with equipment to furnish it. My CPA told me that I could save money on taxes with an annual depreciation expense and a...  Read More
Multifamily Real Estate Syndication: A 2023 Investment Guide
Are you interested in real estate investing but struggling with how to juggle a full-time career plus dealing with tenants? If so, then you may want to consider investing in a multifamily real estate syndication. This type of investment involves pooling resources with other investors to acquire and...  Read More
How To Use a Self Directed 401k Plan For Retirement
I’ll never forget the email I received from a new  member who had recently discovered the possibility of using their “locked up” retirement account money to invest outside of the stock market. After graduating from dental school, his retirement plan looked like everyone else’s:     Set up a 401k  ...  Read More
Mobile Home Parks: The Hidden Gem of Real Estate Investing
When I first considered investing in commercial real estate, a few scenarios came to mind, such as buying a a handful of single-family homes or a medical/dental office building. But one asset class that I’d never given much thought to were mobile home parks.  Although they’re fairly common in...  Read More
Real Estate Risks: What To Know Before Investing In Syndications
Recently, one of our . Currently, he’s heavily invested with his financial advisor in the stock market and wants to start building additional sources of income to retire in eight years. He was interested in general information regarding the risks of real estate syndications because he had two kids...  Read More
Rich Dad’s Cashflow Quadrant: A Summary That’ll Transform Your Thinking
Have you ever wondered why some people seem to “never” work yet always are enjoying themselves? These people golf or tennis during the week and travel the world yet here we are, still grinding it out everyday at work.  As a periodontist, I’ve thought about this too and until I figured out why it...  Read More
How To Choose A Real Estate Tax Accountant
Are you tired of having a HUGE tax bill? Most professionals are and look into investing in real estate to help lower some of their tax burden. I started investing in  on our team of advisory service professionals was a priority.  You’re probably familiar with “accounting needs” and “bookkeeping...  Read More
Investing in Airbnb Property: A Beginner’s Guide to Passive Income
New members wanting to invest in real estate syndications typically look for ways to build cash flow without having to rely on their full-time job. In the past, I’ve given information about the different assets classes we’ve invested in to help educate our group including:     apartments       ...  Read More
How ChatGPT Is Changing Real Estate Investing
Since OpenAI released its blockbuster bot in November 2022, it’s quickly garnered attention for its detailed responses and extensive knowledge of a myriad of industries and sectors. ChatGPT has started to infiltrate several businesses at a previously unseen pace, and it’s becoming a game-changer on...  Read More
From Burnout to Financial Freedom: Real Estate Investing for Doctors
Even though a full-time physician in the United States earn on average $208,000 per year, this alone may not be enough to achieve financial freedom. If you’re a doctor or other high-income earner, it’s vital to understand how and where to invest your income.  And one of the best areas to do just...  Read More
11 Businesses That Run Themselves For Passive Income
Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” I realized a few years ago after a wrist injury that if I couldn’t use my hands then I couldn’t provide for the family. But it also was a wake up call to what Mr. Buffett was talking...  Read More
From Wells to Wallets: A Beginner’s Guide to Oil and Gas Investing
Dentists and physicians spend their entire careers focused on the health and well-being of their patients (which is a good thing!). Unfortunately, most don’t think about their own financial well-being until they “have to.” For me, that “have to” moment involved injuring my wrist while snow skiing....  Read More
From Scrubs to Side Hustles: 13 Best Physician Side Gigs
[Editor’s Note: Today’s article is a guest post from Justin Nabity, CFP of . Justin founded Physician Thrive to help doctors avoid business and legal pitfalls along with helping them build their financial education.] There are a lot of factors physicians consider when starting their careers or...  Read More
A Guide to Core, Core Plus, Value-Add & Opportunistic Strategies
As a father of two teenagers, I initially made an investment decision to save money more conservatively to mitigate risk as much as possible. What’s great about real estate is that there are multiple real estate investment opportunities and strategies that you can choose from to ensure that the...  Read More
Material Participation: A Game Changer for Your Business
If you’re wanting to lower taxes, then one of the BEST strategies is to invest in real estate. Two of the more popular ways has to do with either:     Becoming a      Using the  Real Estate Professional The IRS states that in order to qualify for Real Estate Professional status (REPs), you must...  Read More
Is The Stock Market Rigged? The Truth Exposed
Years ago, I watched a documentary about how sites like SeatGeek and StubHub can acquire so many tickets to events BEFORE the general public. This was right around the time of the Superbowl so I decided to see it in action for myself. I logged in shortly after tickets went on sale and wouldn’t you...  Read More
Real Estate Tax Savings: The Power of Accelerated Depreciation
Recently, I was listening to a podcast where  was discussing taxes and real estate. At one point he said something that made me completely stop my uphill (moderately fast  ) walk and think for a minute.  In a nutshell, this was the point he was trying to make: During your lifetime, the BIGGEST...  Read More
10 Tax Strategies for High Income Earners: Avoid the Tax Man
If you make a lot of money, then there’s a good chance that you’re paying too much to the tax man. High-income earners understand that their biggest expense during their lifetime is taxes. No one wants to pay more in taxes than they have to, which is why the ultra-wealthy understand how to play...  Read More
Cost Segregation: A Powerful Tax Strategy For High Income Professionals
Benjamin Franklin said there were only two things certain in life: death and taxes. As a periodontist, I accepted the fact that I was going to work my entire career having to pay a boatload of taxes. I’ll never forget overhearing a conversation at a Christmas party between two doctors arguing...  Read More
Qualified Opportunity Zones – 3 Tax Benefits
When I finished training, I was focused on getting rid of $300k worth of student loan debt and developing a solid financial plan. Unfortunately, most high-income professionals miss out on a key part of planning for building wealth: a tax reduction plan. If you know that your BIGGEST expense is...  Read More
117 Robert Kiyosaki Quotes For Building Wealth
Each time I have a call with a new . The majority of real estate investors cite this book as the catalyst to begin pursing passive income.  Rich Dad Poor Dad has sold over 40 million copies worldwide. After reading it, the two major points that stood out were:     You do NOT need a high income to...  Read More
Interest Rate Cap: The Basics Of Interest Rate Protection
I recently attended Brad Sumrok’s Rat Race 2 Retirement Apartment Syndication meeting in Dallas. If you’re wanting to get started investing in , being around other like-minded people is a great way to jumpstart your success. In case you missed it, here’s my interview with Brad: One of the...  Read More
5 Minute Read: Goals! Book Summary – Brian Tracy
Thousands of successful people have been asked what they think about most of the time. And the most common answer is that they THINK about what they WANT – and HOW to get it – most of the time.  On the other hand, unsuccessful, unhappy people think and talk about what they DON’T want most of the...  Read More
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