57 min
Episode 66: Finding Real Estate Freedom through Syndication w/Dr. Cherry Chen Next Level Physicians: Thriving Outside the Box
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- Entrepreneurship
SHOW NOTES:
This week next level entrepreneur and I took the conversation to another level as we chatted about
Highlights from the conversation:
Dr. Cherry Chen
● Founder of The Real State Physician
● Received her MD at Texas A&M College of Medicine with honors, and completed her training at Oregon Health & Science University.
● Author of “The Physician’s Definitive Guide to Real Estate Syndications”
Real Estate Syndication
● Syndication deals are usually for apartment complexes and storage buildings, because they will be shared with multiple families/parts.
● Syndication may take a bit longer than a solo investment, but it may be well worth it.
● Full-time physicians can have a hard time managing their investments due to lack of time, especially on real estate. When you talk about syndication, you can invest and have a stake in a property without having to go through the complicated process of managing it and maintaining it closely.
● Not only there's less investment in time, but also in the monetary aspect. There’s a bit less at stake.
● Basic money management is key. It’s important to stay informed and self-educate in this matter for any type of investment, and daily life in general.
● There’s a difference between crowdfunding platforms (sites that facilitate real estate connections and transactions, but don’t take place in the actual investment), and private syndication (in which you have a sponsor and there’s a team of people investing money, highly participating in the whole syndication process).
● Some things to have in consideration before jumping to the pool: Be 100% sure that you are investing your money in something you actually want to put your money in, check the situation of the market, check the background and experience of the people you’ll invest with.
● Rest assured, investing in properties - and real estate syndication - is not as difficult as it seems. You just need the correct guidance.
Catch up with Dr. Chen by visiting her at https://therealestatephysician.com/
You can also follow them on social media at:
Facebook Page
http://www.facebook.com/therealestatephysician
See you on the next one!
Hosted by: Dr. Maiysha Clairborne
Looking for a Coach or Mastermind to Join? Ready to Take Your Career, Business, and Life to the Next Level? If you want to Learn more about Dr. Maiysha's coaching, courses, and masterminds. Visit www.DrMaiysha.com. Choose from of our Free Mini Online Masterclasses on Mindset Mastery, Manifestation, and Next Level Entrepreneurship Right on the Home page to start your journey now.
SHOW NOTES:
This week next level entrepreneur and I took the conversation to another level as we chatted about
Highlights from the conversation:
Dr. Cherry Chen
● Founder of The Real State Physician
● Received her MD at Texas A&M College of Medicine with honors, and completed her training at Oregon Health & Science University.
● Author of “The Physician’s Definitive Guide to Real Estate Syndications”
Real Estate Syndication
● Syndication deals are usually for apartment complexes and storage buildings, because they will be shared with multiple families/parts.
● Syndication may take a bit longer than a solo investment, but it may be well worth it.
● Full-time physicians can have a hard time managing their investments due to lack of time, especially on real estate. When you talk about syndication, you can invest and have a stake in a property without having to go through the complicated process of managing it and maintaining it closely.
● Not only there's less investment in time, but also in the monetary aspect. There’s a bit less at stake.
● Basic money management is key. It’s important to stay informed and self-educate in this matter for any type of investment, and daily life in general.
● There’s a difference between crowdfunding platforms (sites that facilitate real estate connections and transactions, but don’t take place in the actual investment), and private syndication (in which you have a sponsor and there’s a team of people investing money, highly participating in the whole syndication process).
● Some things to have in consideration before jumping to the pool: Be 100% sure that you are investing your money in something you actually want to put your money in, check the situation of the market, check the background and experience of the people you’ll invest with.
● Rest assured, investing in properties - and real estate syndication - is not as difficult as it seems. You just need the correct guidance.
Catch up with Dr. Chen by visiting her at https://therealestatephysician.com/
You can also follow them on social media at:
Facebook Page
http://www.facebook.com/therealestatephysician
See you on the next one!
Hosted by: Dr. Maiysha Clairborne
Looking for a Coach or Mastermind to Join? Ready to Take Your Career, Business, and Life to the Next Level? If you want to Learn more about Dr. Maiysha's coaching, courses, and masterminds. Visit www.DrMaiysha.com. Choose from of our Free Mini Online Masterclasses on Mindset Mastery, Manifestation, and Next Level Entrepreneurship Right on the Home page to start your journey now.
57 min