51 episodes

Rich Doc Poor Doc is a weekly podcast hosted by Leti and Kenji, a physician couple who achieved financial freedom, that digs deep to uncover the mindset, habits and strategies separating rich doctors from poor doctors. Specifically, what are the financial, emotional and educational choices physicians can make daily to live a truly wealthy life.

Rich Doc Poor Doc Leti and Kenji

    • Business
    • 4.7 • 74 Ratings

Rich Doc Poor Doc is a weekly podcast hosted by Leti and Kenji, a physician couple who achieved financial freedom, that digs deep to uncover the mindset, habits and strategies separating rich doctors from poor doctors. Specifically, what are the financial, emotional and educational choices physicians can make daily to live a truly wealthy life.

    Can 1-4 Unit Properties Be Force Appreciated?

    Can 1-4 Unit Properties Be Force Appreciated?

    Forced appreciation is one of the most powerful wealth building strategies for real estate investors.
    When most people think about appreciation, they think about market appreciation. This is a type of appreciation that occurs when the value of the properties in a market go up. As a result, you can't control whether the property value goes up or down.
    In contrast, forced appreciation is something you can control. It happens when you increase the income that a property generates. When you increase the income, property values go up.
    Forced appreciation works well for larger multifamily properties. When you increase the income that these properties generate, the value tends to go up. However, for smaller properties, we sometimes don't see a direct correlation between income and value. So our community often asks us, can you force appreciation smaller 1-4 unit properties? In this episode, we explore
    this question and more!
     
    Who do you want to see in the next episode? Comment and let us know on our socials! Also, don't forget to share and leave us a 5 star review on Apple Podcast if you loved this episode!
     
    Wait there's more...If you enjoy the Rich Doc Poor Doc podcast, check out our FREE real estate Crash Course training. Get exclusive, actionable advice and resources about creating financial freedom with real estate investing! 
     
    For more RDPD, Semi-Retired MD, and Leti & Kenji content, follow us on your favorite platform.
     
    Semiretiredmd.com (turn into hyperlink)
    Leti IG: https://www.instagram.com/letiziaalto/
    Kenji IG: https://www.instagram.com/kenjionthego/
    SRMD FB: https://www.facebook.com/semiretiredmd
    SRMD IG: https://www.instagram.com/semiretiredmd/
    SRMD Youtube: https://www.youtube.com/channel/UCibjmeDUNn568Egl5TppnPg

     
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 20 min
    Why We Chose to Become Digital Nomads

    Why We Chose to Become Digital Nomads

    If you're new to our community, you probably haven't heard the news: we've become digital nomads! You might be wondering what that even means. Well, in late August 2021, we put everything in storage and packed the rest of our belongings into 22 suitcases and are now traveling as a family unit of 7 people around the world!
    In this episode we talk about the reasons we decided to embark on this journey. We also share some of the challenges of becoming digital nomads and how we are planning to address those challenges. Finally we share some strategies for how you too can make this a reality for you and your family.
    If you want to follow us on our journey, be sure to follow us on Instagram and YouTube. We'll be posting pictures and videos of our journey.
    Instagram:
    Kenji: https://www.instagram.com/kenjionthego/
    Leti: https://www.instagram.com/letiziaalto/
    YouTube: https://www.youtube.com/channel/UCibjmeDUNn568Egl5TppnPg
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 27 min
    Achieving Freedom with Pre-Schools with Dr. Krishni Somaratne

    Achieving Freedom with Pre-Schools with Dr. Krishni Somaratne

    You've heard us talk about cashflowing rentals, but what about cashflowing pre-schools?
    That's exactly what Dr. Krishni Somaratne and her husband are doing - building an Empire of pre-schools! In this episode, you'll hear the story of how Dr. Somaratne bought their first pre-school business and what it takes to take a dying business and turn it completely around.
    What struck us from this interview are the parallels between buying a pre-school business and buying a cashflowing rental. Businesses are valued on the income they generate, you look for hidden value and opportunities to improve income and you use your negotiating leverage to score a great deal.
    Follow Dr. Krishni Somaratne to connect and learn more below!
    Facebook - Krishni Somaratne
    Instagram - @krishni7
    Krishni Somaratne, MD, MPH
    Internal Medicine, Hospitalist
    Kaiser Permanente Orange County
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 32 min
    Create Your Own Short-Term Rental Destination with Wil Slickers

    Create Your Own Short-Term Rental Destination with Wil Slickers

    What makes a short-term rental stay a top-notch experience? Anyone who has stayed in a short-term rental will tell you that it all comes down to hospitality. As short-term rental owners, it makes all the difference if we anticipate the needs of our guests and create a memorable experience that guests will want to return to time and time again.
    To get a fresh perspective on short-term rental hospitality and service, we interviewed Wil Slickers for this week’s Rich Doc Poor Doc podcast. Wil aims to always exceed expectations, and he gives us some tips this week on ways to do that.
    He also introduces the idea of creating a destination for your short-term rentals instead of buying an over-priced property in an established destination. In other words, go where nobody is going now and find ways to make the are the place to be!
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 38 min
    How to Compete in a Hot Market

    How to Compete in a Hot Market

    How many of you have heard someone say: "There are no good deals out there."
    or "You can't find good cashflowing deals in this market."
    Some of our students have even been told by agents or other investors: "Maybe you should try a different market?"
    If this has been your experience of the current market, then this episode is for you! In this episode, Leti and Kenji give you six different tips for competing in a hot market.
    They have used these tips themselves to secure great deals and these are the tips they teach their students in their highly popular real estate course for doctors and high income professionals: Zero to Freedom Through Cashflowing Rentals.
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 29 min
    Why Our Students Will Be More Successful Than Us!

    Why Our Students Will Be More Successful Than Us!

    Our students have a leg up on where we were when we first started out in our real estate investing journey in so many ways!
    As a dual physician couple, it took Kenji and I over 5 years to learn on the go as we invested and built up our real estate portfolio. A lot of it was trial and error, and tons of valuable lessons!
    Our accrued knowledge gives you an incredible advantage, and means that you can get a head start on your own real estate investments!
    In this week's podcast episode, we discuss the five reasons why we believe that our students will be more successful than us.
    Mindset
    End-to-end strategy through our Zero to Freedom Course
    Our agent network
    Our vendor network
    Community support, including our Team Investing Groups
    Tune into this episode to learn all the reasons why you will be so successful in your own real estate investing journey. So much more successful than us!
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 34 min

Customer Reviews

4.7 out of 5
74 Ratings

74 Ratings

Francisco Carrillo OMFS ,

Amazing!

Learning a lot. Definitely you can feel that they truly want to impact peoples lives in a positive way. Don’t understand the person that left the 2 star review. Haters gonna hate no matter what. Thank you Leti and Kenji for providing us this amazing information. Keep it up!

megan@podcastingyou ,

Valuable Content!

Leti and Kenji do such a good job covering a variety of topics. The guests offer valuable insight as well. I would recommend this podcast to anyone looking to be inspired and informed!

William Rodriguez 123 ,

Great podcast!

Kenji and Leti bring tons of value! I’ve been learning so much since I started listening to their podcast.

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