You already have everything you need to become financially free within your reach.
So what’s stopping you? Physician financial freedom is possible through passive real estate, but the biggest barrier to taking action is fear. If you’ve ever considered investing in passive real estate, but fear has kept you from making the actual investment, you’re not alone.
What is passive real estate investing? For those who are unfamiliar, it simply means that you can earn income from real estate without the day-to-day responsibilities of being a landlord while devoting your time to other passions and responsibilities.
Passive real estate can be a powerful tool for building lasting wealth, but hesitation is normal. As physicians, we cannot approach our work with the same fear. We rely on data, extensive training, and a good sense of doing the right thing. Sure, there may be some fear, especially at key moments, but it’s not debilitating. In other words, we have a wealth of medical knowledge that allows us to overcome fear.
When it comes to passive real estate investing, you’ll find that you need to be well-informed to overcome your fears and generate life-changing income. What if you could overcome the fears that hold you back from financial freedom? Seductive thought, right? Let’s diagnose and treat the four most common fears for people considering investing in passive real estate.
Fear 1 – Learning curve
I remember the first time I listened to a real estate podcast or attended an investor meeting. It was really scary. You may have had a similar experience. They think real estate is too difficult to master. Understood. There can be a steep learning curve between understanding the market and attracting qualified tenants.
Think back to the years we spent learning medicine, both before and after we transitioned into a particular specialty. You can’t spend that much time on real estate. In addition to that, as physicians, we are trained to be risk-averse and to think about risks and benefits. After all, do no harm. The potential damage and what-ifs to the property left behind can leave us feeling suffocated.
The good news is this. Real estate is not as complex as healthcare. The advantage is that the basic principles are simple and consistent. This means that you can join the fight without any problems, even if you do not need to learn it right away.
Get a firm grip on the basics and then start learning little by little. If you have the academic background and work experience, you should be fine. And remember that all experts started with the basics. There are plenty of resources to guide you through many investment opportunities, such as syndicates and funds, that don’t require extensive expertise.
Want to start your investing journey with confidence? Subscribe and listen to our podcast: #178 Top 4 Fears of Real Estate Investing ft. Peter Kim, MD
Fear 2 – Time
Let’s be honest: Doctors are busy professionals. The average doctor works over 50 hours a week. The little time you have left is spent on valuable experiences in your personal life. When an investment opportunity presents itself, a lack of time may lead you to think, “I don’t have time to find a property, manage it, or act as a landlord.”
The truth is that investing in real estate can range from active to passive. Passive real estate investing doesn’t require you to search for properties yourself or fix the toilet at 2:30 in the morning. With the right strategy and structure, such as turnkey investing or hiring a property manager, active involvement can be significantly reduced.
By setting up your investments the right way from the beginning, you can reduce the total amount of time you spend. The benefits are twofold. You can generate additional income and thus buy back your time. You can use that time to learn about other investment opportunities, spend time with family and friends, or pursue your passions. .
The key is to understand what investment opportunities can save you time.
After all, don’t let fear of time keep you from investing.
Fear 3 – Money
This is a fear I often encounter. “Big investments require big money. I don’t have enough money.” It’s actually a myth that you need a huge amount of money to invest in real estate.
While some methods require a large amount of capital, such as buying out an apartment building, there are many ways to use what you already have to find investments that will yield great returns.
My first real estate investment was $5,000. It was a fix-and-flip debt investment transaction. Within a year, I was able to recoup my investment with interest. Then put the income you earn into other passive investments. Soon, his initial $5,000 turned into his $25,000, and eventually he reached the height of $100,000.
You can get into a partnership or a real estate investment trust (REIT) with very little capital. Both allow you to start investing without requiring bank-breaking amounts of capital.
And if you want to set aside more cash for small investments, there are many ways to accomplish that through creative financing. I’ve talked about different ways to find investment money, including how to utilize certain types of retirement accounts.
The world of investing is vast, and there’s bound to be a strategy that fits your financial situation.
Fear 4 – Current market concerns
You may be worried that you don’t know what’s going on in the market. Most doctors are not experts in market analysis, so we hesitate, wondering, “Is this really a good time to invest in the real estate market?”
Risking your money in any market is scary. And we all want to follow Warren Buffett’s first and second rules of investing. 1) Don’t lose money and 2) Remember rule #1. But here’s an important truth. Investing always involves some degree of uncertainty, and real estate is no exception.
Every market has highs and lows. Market fluctuations, economic downturns, and even local real estate issues can give potential investors pause. But historically, markets tend to increase capital over time. Many investors make the mistake of focusing too much on timing.
Powerful investing isn’t about waiting for the “perfect” moment, it’s about understanding and being prepared. Timing can be a factor, but a well-researched strategy focused on long-term growth and cash flow can weather any storm. You will invest steadily through all parts of the cycle, ups and downs. I will climb.
Another thing to keep in mind is the importance of expectations. For example, someone investing in an apartment building shouldn’t expect the same return today as they did five years ago. They will be waiting a long time for that to happen, but there are other opportunities in the real estate industry to make up for it.
As you step into your first investment, you’ll learn how the market fluctuates and use that information to make more informed decisions to survive market cycles.
Treatment Planning – Be Informed and Overcome Fears
This is a new era of passive real estate investing, where people can enjoy the benefits of real estate ownership without fear of being held back. My hope is that physicians are not just medical professionals, but adept at generating diverse income streams to build lasting, life-changing wealth.
Find the right mentor, the right community, the right educational resources, and stay informed. That’s exactly where Passive Real Estate Academy (PREA) comes in. We help physicians invest in passive real estate with confidence. Joining also connects you to a networking community of thousands of people who have come together to share the right investment opportunities.
PREA is geared to address common investment concerns and preparing to soon relaunch a revamped service for the evolving market environment. PREA is more than just a theory. It’s about actionable steps, guidance, and real-life strategies.
With PREA, you can open the door to your passive real estate goals and watch those goals become a tangible reality. The doors to our academy only open a few times a year, so join us now. Visit our website PREANOW.COM. So, doctors and professionals: It’s your turn. Dive in, get to know yourself, overcome the fears holding you back, and take advantage of the income potential of passive real estate.
We are more than just medical professionals. We are people with diverse goals and interests that can be unlocked through financial freedom. Break down barriers and build a bridge to your financial dreams!
join our community Passive Income Documents Facebook Group. And let us know in the comments below what freedoms you’re excited to pursue.
