The Immigrant Doctor Podcast

Use short-term rental to OFFSET your W2 income

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In this episode, I bring on guest Karan Narang to discuss the exciting world of short-term rentals. Karan, known as the "king of short-term rentals," shares his journey of transitioning from a consultant in the pharmaceutical supply chain space to focusing on his investments in short-term rentals. Together, we delve into the motivation behind investing in real estate, particularly short-term rentals, to save on taxes and create a better work-life balance. Listeners gain insights into the benefits and strategies of this lucrative investment avenue.
KEY POINTS FROM THE EPISODE:1️⃣ Real estate professional status is generally not an option for immigrants, but short-term rentals offer an alternative avenue for investment and income. 🏡💼2️⃣ Karan Narang, the guest, shares his personal story of transitioning from a consultant to a full-time short-term rental investor. 🔄💼💼3️⃣ The motivation behind investing in real estate, particularly short-term rentals, is to save on taxes and maximize income. 💰💼📉💼📉4️⃣ There is an unfair advantage given to real estate investors by the US government, offering various tax breaks and incentives to business owners in the industry. 💼🏢5️⃣ Short-term rentals became Karan's niche as it provided a loophole for tax savings, especially for those who can't quit their W-2 jobs to pursue other types of real estate investments. 🏢💼🔀

Challenges and Opportunities for Borrowers

ACCESS MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
In this episode, I welcome Jerry Miles, who shares his inspiring journey as an immigrant in the commercial real estate industry. From his humble beginnings in the roofing business to becoming a successful investor, Jerry's story is filled with valuable lessons. We delve into his experience with failure, the importance of building a team, and the challenges faced in the current market. Jerry provides insightful advice on funding options and emphasizes the significance of working in growing metropolitan areas. Join us as we explore Jerry's remarkable path and gain valuable insights into the world of commercial real estate.
KEY POINTS FROM THE EPISODE:1️⃣ HUD, Freddie, and Fannie are offering deals in the market, but Jerry hasn't found any that qualify for an extended 35-year term.👀2️⃣ Longer fixed-rate terms of ten years are more favorable in the current market, and longer interest-only periods are offered on agency debt. 💼3️⃣ Building a team and letting go of control has positively impacted the business and opened up opportunities for growth. 🤝4️⃣ The Federal Reserve raising interest rates has affected the market, making sellers hesitant to sell unless necessary. 💸💰5️⃣ Lenders are more interested in lending to quality assets in bigger metropolitan areas over secondary markets or rural areas, making funding for deals in rural areas harder to find.📈

What is the Right Investment Strategy?

ACCESS MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
In this episode, I delve into the fascinating debate between cash flow and appreciation in real estate investing. I explored the differing ideologies and perspectives on this topic through engaging conversations with two investors I met in California. I share my thoughts on the advantages and disadvantages of both approaches and ultimately reveal why I choose to focus on investing in large multifamily properties for both cash flow and appreciation.
KEY POINTS FROM THE EPISODE:1️⃣ The debate between cash flow and appreciation 🤔2️⃣ Benefits and downsides of investing for appreciation 💰📈3️⃣ Importance of cash flow for meeting expense obligations and avoiding extra costs 💵💼4️⃣ The advantages of investing in large multifamily properties for both cash flow and appreciation 💼📈💰5️⃣ Consideration of personal investment goals and finding what gives you a good night's sleep 🛌💤
CONTACT AVISHKAR:LinkedIn: www.linkedin.com/in/avishkar-sabharwal-m-d-1ab85491/Website: www.theimmigrantdoctor.com

Creating an Irresistible Short-Term Rental: Design, Pricing, and Booking Strategies

ACCESS MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
In today's episode, I am thrilled to welcome back George Salas as our guest. Again, George dives deep into short-term rentals, sharing his expertise in creating passive income through this lucrative venture.This episode explores various strategies to make any asset class passive, including short-term metals. George emphasizes the importance of market selection, finding the right property, and creating an irresistible offer to attract guests and maximize rental revenue. He also shares insights on delivering a five-star guest experience and maintaining a good reputation.
KEY POINTS FROM THE EPISODE:1️⃣ Arbitrage in the short-term rental market lowers the barrier to entry and provides quick cash flow 💲2️⃣ Finding the right market and niching down to a micro market is crucial for success 🎯3️⃣ Identifying the right property and maximizing its rental revenue through functional design and furnishings is key 🏠4️⃣ A comprehensive marketing strategy with great listings, pricing, and booking tactics is essential for success 📈5️⃣ Delivering a five-star guest experience is vital in maintaining a good reputation and charging higher rates ⭐️

Short Term Rental Arbitrage: The Low-Cost, High-Reward Property Investment You’ve Been Waiting For

ACCESS MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
Welcome back to another exciting episode of the Immigrant Doctor podcast! In today's episode, I am joined by a very special guest, George Salas. George is an expert in the world of short-term rentals, specifically short-term rental arbitrage. We know each other through a Mastermind group, and I couldn't be more thrilled to have him on the show. We dive deep into short-term rental arbitrage and how it can be a game-changer, especially for professionals like physicians who may not have large capital to invest. Tune in for this enlightening and engaging conversation on creating "now money" and building wealth through short-term rentals.
KEY POINTS FROM THE EPISODE:1️⃣  Short-term rental arbitrage creates a low barrier to entry, making it accessible to professionals with limited capital. 💼2️⃣Adding amenities to rental properties allows for higher pricing, increasing income in the short term rental market. 🌟3️⃣ Owning a property for short term rental offers long-term success and customization opportunities, while renting allows for quicker acquisition and staging. 🏠4️⃣ Before joining any mentorship programs or deals, always do your due diligence to ensure their legitimacy and suitability for your goals. ⚠️5️⃣ Short-term rentals cater to the leisure market, while corporate housing targets traveling executives, offering different opportunities in the hospitality industry. 💰

EP 12: Inflation Explained: How it impacts your wealth

In this episode, I dive into inflation and its impact on real estate. I stress the importance of choosing the right market and buying property based on market trends. Joined by our guest, Omar Khan, founder of Boardwalk Wealth, we discuss the intricacies of real estate investment and how to navigate the ever-changing landscape. From the concept of purchasing power to the myth of gold as a store of value, we explore various strategies and factors to consider when investing in real estate. Tune in to gain valuable insights and make informed investment decisions.

EP 11: Learning from Mistakes: How a Bankruptcy Shaped This Doctor’s Investment Journey

In this episode, I had the pleasure of speaking with Amir Baluch, a multifaceted entrepreneur with a deep understanding of private equity and the medical industry. We delved into his experiences starting businesses in various industries, including a medical spa and flipping used cars and watches. Amir shared valuable insights on the success factors in the medical technology field, the importance of doctors' expertise, and the potential for monetizing clinical knowledge. We also explored his journey from real estate investing to private equity and his strategies for identifying market opportunities. This episode promises to provide listeners with a wealth of knowledge and inspiration for their own ventures.

EP 10: How to be highly productive : Dr. Ann Tsung, MD

ACCESS MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
In this episode, I had the honor of interviewing the brilliant Dr. Ann Tsung, MD. We delved into the concept of working in our "zone of genius" and the value of outsourcing tasks that take us away from our true passions. Dr. Tsung shared her personal journey towards achieving the Five Freedoms and how she strategically manages her time and goals to make progress in each area. She provided practical tips on productivity, focus, and managing fear. This episode is a must-listen for anyone looking to optimize their efficiency and achieve their goals while maintaining a balanced life.

EP 9: Getting started in real estate. Avishkar Sabharwal

WATCH MY DOCTOR'S GUIDE TO INVESTING HERE:https://theimmigrantdoctor.com/doctors-guide-to-investing/
In this episode, I will be diving deep into the world of real estate investing. Whether you're a beginner or looking to expand your portfolio further, this episode will provide valuable insights and strategies to get started. I'll explore the importance of mindset, the choice between active and passive investing, and the different asset classes available in the market. Discover the secrets to successful real estate investing, understand the basics of a real estate deal, and learn how to navigate the local market factors and laws. Tune in and join me on this exciting journey to financial freedom. 

EP 8: Being in the right room. Carlos Salguero

In this episode, we dive deep into the world of real estate and personal growth. Our guest, Carlos Salguero, shares his inspiring journey and the lessons he's learned along the way. From starting as an eBay seller to becoming a real estate pro, Carlos's story will inspire you to dream big and take action. We also discuss the power of mentorship, the importance of finding the right people, and the value of investing in personal development. Tune in and get ready to level up!