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By Dr. James M. Dahle, WCI Founder
I want to introduce you to No Hype Real Estate Investing, our newest online course that is available starting today. You can get all of the details about (and purchase) the course at the link above. If you're wondering how to get into real estate investing, this high-yield course will teach you what you most need to know.
Interest in real estate investing among physicians and other high-income professionals seems to be at an all-time high. Many people are learning that investing in real estate can be more than just buying a house, fixing it up, and then trying to rent it out or sell it at a higher price. You don't actually need to have ownership of a property to make money in this asset class.
There's no doubt that some of this new interest has come from the exceptional returns that real estate, like stocks, has had over the last decade. It also helps that private real estate, at least, seems to have weathered the 2022 stock bear market and the inflation crisis relatively well so far. Some of this interest may be fed by physicians who are running syndications, real estate investing groups, and real estate courses. We also may be partly responsible, as we have picked up a fair number of real estate investing companies as website and podcast sponsors in the last couple of years.
However, I don't think any of these really explain the phenomenon.
I think the interest really comes from two things. First, doctors have realized that their income is very vulnerable. The volume and corresponding income cuts in the spring of 2020 during the early months of the pandemic were substantial and sobering for many of us in private practice. Meanwhile, the burnout epidemic has done nothing but worsen. With burnout rates in the 50% range, the biggest financial risk to physicians is losing their ability to earn due to burnout. That risk is at least three times higher than becoming disabled, but you cannot buy burnout insurance like you can disability insurance.
At the same time that physicians are feeling a need for another source of income and financial security beyond their earned paychecks, they are seeing peers—both online and in real life—having massive success with real estate investing. Leverage combined with hard work and the recent excellent returns has enabled a lot of docs to gain enough income from real estate to provide them financial freedom.
Sometimes this is done in just a few years (and even within five years of residency completion). Is it risky? Of course. Does it require hard work and learning a new body of knowledge and set of skills? Absolutely. But how many more EMR changes and administrative BS are you willing to put up with before at least considering doing something a little different?
https://youtu.be/9IC4_9J2Tf4
Solving the Hype Problem
This is where The White Coat Investor and No Hype Real Estate Investing comes in. As doctors seek financial freedom through real estate investing, they might move forward too quickly and fall into the hype machine that is the real estate investing world. This causes them to take on too much risk with too little knowledge and experience in an effort to grow their portfolio even faster. When the real estate market inevitably stumbles, I fear that too many of them will be the metaphorical naked swimmers caught by the outgoing tide.
We've decided to do something about it here at The White Coat Investor. We know that real estate investing works. But we also know that risk control is the most important aspect of investing. We want to provide white coat investors with a no-nonsense, no-hype, practical real estate investing education. We want it to be added on to an already well-thought-out financial plan. We want people to take on an appropriate amount of risk for their investing goals and, most importantly, to match their style of real estate investing to their interest, time, willingness to work, amount of wealth, goals, and experience level.
We've developed an introductory course to investing in real estate that we think everybody should take before they start real estate investing in any form. This course will provide the education required to understand real estate all the way from fix-and-flips and short-term rentals to publicly traded REIT mutual funds. This course will give you the confidence to look beyond the hype, evaluate and select the right deals for you, and know you have the foundational education you need to succeed in this endeavor.
The course is called No Hype Real Estate Investing, and it will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. I call it an introductory course because there is always more to learn. But this is no short, superficial course. There are over 200 lectures/videos adding up to more than 27 hours of content by more than 15 different instructors. That's basically four times the size of our flagship Fire Your Financial Advisor! This may very well be the only course that many people need, while others will continue their education afterward by taking more courses.
The Real Estate Investing Spectrum
The course excels at matching you to your place on the real estate investing spectrum. The real estate investing spectrum can be seen here:
On the left side, you can see the more active side of investing. This usually involves buying and, often, managing a property yourself. This includes fix-and-flip investing; short-term rental investing; and directly investing in single-family homes, condos, duplexes, and apartment buildings. On this end of the spectrum, you maximize your returns, tax benefits, and control, but it comes at the cost of more work, hassle, required expertise, and lack of diversification.
As you move across the spectrum, you encounter more passive investing options, including syndications, private real estate funds, public and privately traded REITs, and even mutual funds that invest in REITs. Diversification improves and the hassle dramatically drops, but there is a cost. You pay more in fees, and you lose control, tax benefits, and possibly even some of your returns. The trick is figuring out the right place for you to invest. It isn't that there is a right way and a wrong way to invest in real estate, but there is a right way for you and it is important that you recognize it and concentrate your efforts there.
What's in the No Hype Real Estate Investing Course?
The No Hype Real Estate Investing Course will take you through the entire spectrum, with a module about every style of real estate investing. In addition, the course will teach you the vocabulary of real estate and how to do all the necessary real estate calculations. Don't worry, none of them require anything beyond fourth-grade math and the use of a simple spreadsheet or calculator.
If you want to build an empire of small apartment buildings in your hometown, this course will get you started. If you want to buy a couple of turnkey single-family home rentals across the country, this course can show you how. Think you have the capacity to take on some fix-and-flips? We'll show you the ropes. Want to run a short-term rental business? We'll show you how much to pay the housekeeper, what you need to stock the kitchen with, and how to scale from one unit to 30.
Or perhaps you're just looking for an asset class to add to your portfolio that will have solid returns and low correlation with your stock index funds. We will show you how to earn an illiquidity bonus using private equity funds and how to get large amounts of passive income using private debt funds. We'll show you how to evaluate a syndication, so you can increase the likelihood of earning the projected returns and not get suckered by an overly optimistic, inexperienced operator trying to rip you off. We'll even teach you the best way to invest in public REITs.
We're going to teach you all of the tax benefits of real estate investing and how to qualify for each of the deductions. You'll learn how to do your real estate-related taxes yourself or, better yet, how to hire an experienced CPA specializing in real estate to help you.
We will introduce you to the other players and resources in the physician real estate investing space. They are co-instructors in the course, sharing their expertise in their specialized areas. If you want to learn more about their niche subjects, we'll show you how to get involved and provide you with the best deals to join their communities and take their courses for additional specialized education.
Most importantly, we'll inspire you to take the next step. Knowledge is power, but without action, it won't get you any closer to your goals. You'll hear from other physician real estate investors who have done and are doing exactly what you want to do. There is even a pre-test and a post-test if you want to test how well you're picking up the knowledge. And we'll do all this without blowing smoke or promising outcomes that are too good to be true.
Multiple Instructors
This is a multi-instructor course. We've found the best of the best in the physician real estate investing space to teach you how to be successful like them. Check out this star-studded faculty:
- James M. Dahle, MD, Founder of the White Coat Investor
- Disha Spath, MD, WCI Ambassador
- Leif Dahleen, MD, Founder of Physician on FIRE
- Cory Fawcett, MD, Founder of Financial Success MD
- Chad Doty, CEO of 37th Parallel
- Don Wenner, CEO of DLP Capital
- Larry Hickernell, Senior Director of DLP Capital
- Jilliene Helman, CEO of RealtyMogul
- Michael Episcope, CEO of Origin Investments
- Paul Moore, CEO of Wellings Capital
- Anthony Morena, Founder of Mortar Group
- Jim Sheils, Founder of JAX Capital
- Joe Ollis, CIO of The Peak Group
- Michelle Schmidt, Realtor
- Jon Schmidt, MD, Real Estate Investor
- Sabitha Setty MD, Founder of The Unorthodox Doc
- Param Baladapani, MD, Founder of Generational Wealth MD
Take a look at the course layout:
No Hype Real Estate Investing
Module 1: Introductory Material
- Why This Course Is Important
- Disclaimer
- Your Instructors in This Course
- Understanding Your Why
- Pre-Test
Module 2: Why Real Estate
- How Real Estate Investing Changed My Life
- The Advantages of Real Estate
- The Disadvantages of Real Estate
- Choosing the Right Level of Involvement for You
- How Passive Is Passive
- Adding Real Estate to Your Portfolio
- Managing Risk in Real Estate
Module 3: The Vocabulary of Real Estate
- Real Estate Asset Classes
- Grading Properties
- Real Estate Strategies: Core, Core Plus, Value Add, Ground-Up, Opportunistic
- Active vs. Passive Real Estate
- Debt vs. Equity Investments
- What Is Crowdfunding?
- What Is an Accredited Investor?
- Real Estate Calculations
- Gross Scheduled Income
- Gross Operating Income
- Net Operating Income
- Capitalization Rate
- Taxable Income
- Cash Flow Before Taxes
- Cash Flow After Taxes
- Cash on Cash Return
- Payback Period
- Internal Rate of Return
- Equity Multiple
- Return on Equity
- Estimating the Value of a Property
- Gross Rent Multiplier
- Interest Calculations
- Rule of 72
- Per Unit Calculations
- Operating Expense Ratio
- Debt Service and Debt Coverage Ratio
- Loan to Value Ratio
- Break Even Ratio
- Points
- Maximum Loan Amount
- Payments and Principal Payments
Module 4: Finding the Money to Invest in Real Estate
- 401(k) vs. Real Estate
- The Case for 401(k) Withdrawals
- Borrowed Money
- How to Invest Using Retirement Accounts
- Using Cash Value Life Insurance
- How Much Leverage to Use
- Balancing the Benefits of Leverage with a Desire to Be Debt-Free
- How to Think About Debt
- Debunking the Infinite Return
Module 5: Introduction to the Real Estate Spectrum
- The Real Estate Spectrum
- Experience
- Hassle
- Diversification
- Liquidity
- Control
- Tax Benefits
- Fees
- Returns
Module 6: Retirement Accounts and Ownership Structures
- Retirement Accounts
- Self-Directed IRAs
- Self-Directed i401(k)s, UBIT
- Trusts
- Funds
- REITs
- Sole Proprietorship
- Partnerships
- Corporations
- LLCs
- Land Trusts
- Limited Partnerships
- Syndications
Module 7: Publicly Traded Real Estate (REITs)
- Introduction to Public Real Estate
- Individual REITs
- REIT Mutual Funds
- Public vs. Private Real Estate Returns
Module 8: Private Real Estate Funds
- Passive Real Estate Investing
- The Case for Private Real Estate
- Accredited Investor vs. Qualified Client vs. Qualified Purchaser
- Analysis of All Investments from a Real Estate Platform
- How to Find Private Real Estate Funds
- The Dilemmas of the Minimum Investment and the Capital Call
- Fee Structures and Waterfalls
- What Is an Access Fund?
- Why the Manager Matters Most
- How to Do Due Diligence on a Manager
- Match Day: Finding the Right Manager for You
- Questions About Managers You Need Answered
- Debt Funds
- Unique Types of Funds to Be Aware Of
- How to Choose a Fund Manager
Module 9: Syndications
- Syndication Overview
- Top-Down Analysis
- Bottom-Up Analysis
- Expenses and Cash Flow
- Returns and Performance Indicators
- Capital Stack and Debt Structure
- Capital Improvement Plans
- Valuations
- How Operators Can Juice Returns
- Case Studies of Syndication Analysis
Module 10: Turnkey Properties
- Advantages of the Turnkey Model
- Disadvantages of the Turnkey Model
- How to Select a Turnkey Company
- How to Select a Turnkey Property
Module 11: Long-Term Rentals
- Introduction
- Philosophy
- Setting Rents
- Advertising
- Leasing
- Move Ins and Move Outs
- Maximizing Income
- Policies and Lease Agreements
- Minimizing Expenses
- Resident Managers
- Hiring a Management Company and Absentee Management
- How to Hire Remote Managers
- Insurance
- Bookkeeping and Cash Management
- Tips for Efficient Bookkeeping
- Buying the Property
- Buying Properties With No Money Down
- Selling the Property
- House Hacking
- NNN Properties
- Buying My First Rental Property
- Who Needs to Be on Your Team and How to Find Them
- Rental Property Analysis
- Setting Up Systems
- Case Studies in Direct Real Estate Investing
Module 12: Short-Term Rentals
- Introduction to Short-Term Rentals
- Choosing a Market
- Analyzing Properties
- Buying Properties
- How to Manage Your Short-Term Rental
- Setting Up Your Listings
- Troubleshooting
- Scaling the Portfolio
- Additional Tips for Success
- Case Studies in Short-Term Rentals
Module 13: Fix and Flip
- Finding Properties
- Getting Funding
- Doing an Efficient Flip
- 10 Huge Mistakes to Avoid When Flipping Houses
Module 14: Tax Benefits of Real Estate Investing
- Introduction
- Philosophy
- Basics of the Tax Code
- Investing in Real Estate Using Retirement Accounts
- What Taxes Do You Pay
- Writing off Expenses
- REIT Structure
- Depreciation
- 1031 Exchange
- Upreit 721 Exchange
- Opportunity Zones
- 199A Deduction and Real Estate
- Filing Extensions
- Multiple State Tax Returns
- Home Office Deduction
- Home Equity Exclusion
- Real Estate Professional Status (REPS)
- The Short-Term Rental Loophole
- Introduction to the K-1
- Introduction to Schedule E
- Form 8949 and 4797
- Bringing It All Together
- How We Cut Our Tax Bill Dramatically
- Reducing Real Estate Taxes
Module 15: Titling and Asset Protection of Real Estate
- How to Take Title
- Asset Protection for Real Estate
Module 16: Resources
- Putting Together a Team
- Becoming a Realtor Yourself
- Joining a Community
- Real Estate Books
- WCI Resources
- Introduction to Real Estate Partners
- Introduction to Additional Real Estate Courses
Module 17: Post-Test and Wrap Up
- Post-Test
- Answer Key
- Wrap Up
Wow! Did you see all that? You might have to take a half-dozen courses or more to get all of the information in this one course. Finally, there's a place where you can learn the basics of all of the different methods of real estate investing.
How You Take No Hype Real Estate Investing
The best part about this course is that it is self-paced, completely open, and evergreen. You can enroll at any time (although we're going to incentivize you to buy right now). You can take the entire course this week, or you can spread it out over a month or even a year. There are already over 27 hours of material in the course, and we'll add to it from time to time going forward at no additional charge to previous purchasers. There is no ongoing cost, and as always, there is a money-back guarantee.
Yes, this information can all be learned somewhere else. I don't pretend to have exclusive access to the one true way to invest in real estate or any particular real estate secrets. The value here is in having it all compiled in one place and explained clearly in a way that will allow you to get started right away.
How to Buy the Best Real Estate Investing Course on the Planet
Ready to buy? I don't blame you. Obviously, a course like this isn't going to be cheap. Many people have been working on this course for almost a year. But keep in mind that courses that teach just one of the subjects covered in our comprehensive course can cost you $3,000, $5,000, $10,000, or even more. This is one of our premium products. No, there is no resident, PA, or military version that sells for a lower price. We think it provides a darn good value at its regular price. We think it is both the highest quality course out there as well as the best value on the market. But it's still a lot of money, and we think you should only buy it if you are serious.
- If you are serious about diversifying your portfolio.
- If you are serious about having more monthly income to meet your needs and wants.
- If you are serious about having multiple streams of income.
- If you are serious about being able to leave medicine on your terms.
- If you are serious about financial freedom and security.
If that's you,
Buy No Hype Real Estate Investing Today!
The regular price is $2,199, but until September 26 at midnight MT, you can buy it for $1,799, a discount of $400.
I'm Still Not Quite Sure, How Can I Learn More?
Want to hear more about the course and even ask me questions about it directly? We're going to do a totally free webinar on September 20th at 7 pm Mountain Time that explains even more. Sign-up here!
What If I Don't Like the Course?
We know that's a lot of money. We also know that almost everyone who buys a course like this is going to love it so much that they will keep it, take it, implement what they learn, and change their lives. However, if you are one of the few who doesn't, we don't want you to be unhappy. So, we have a no-questions-asked, money-back guarantee. As long as you purchased it less than one week ago and have taken less than 20% of it, we'll give you all of your money back if you just email [email protected] and let us know. That means there is no risk to you. You can try it out before you are committed to buying it.
Who Is This Course Not Right For?
While anyone can buy and take the course, there are a few people for whom the course is probably not right. For example, if you do not live in the United States, recognize that all of the discussion about real estate and landlord law as well as tax regulations in the course is based on US laws. If you are only looking for introductions to passive real estate operators and fund managers, we already provide those for free. If you are just interested in learning a little bit about real estate, you may not want to take the course. You might want to just read our blog post on Real Estate Investing 101 and sign up for our free monthly real estate newsletter.
If you like courses filled with hype that cheer you on and promise you the world but are really just selling you another service, you're not going to like this course. This is a no-nonsense course filled with solid education and practical, useful tips that can be implemented right away. The course is for those who are serious about their real estate education. While you can buy the course now and take it later, the course is really designed for those who are ready to learn and willing to put their learning to work right now to change their portfolios and their financial lives. If that sounds like you, you're going to love No Hype Real Estate Investing.
Any questions about the course? Please ask them below or email [email protected].
The post No Hype Real Estate Investing: Our New Online Course appeared first on The White Coat Investor - Investing & Personal Finance for Doctors.
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By: The White Coat Investor
Title: No Hype Real Estate Investing: Our New Online Course
Sourced From: www.whitecoatinvestor.com/no-hype-real-estate-investing/
Published Date: Tue, 06 Sep 2022 06:32:37 +0000
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