A successful doctor can balance a work life even after countless demands of physician groups, patients, employees, etc. But definitely, a doctor also wants financial freedom, prosperity as well as wealth without doing multiple jobs. According to reports from the Bureau of Labor Statistics, healthcare jobs are one of the highest paying $208,000 per year. But it’s not enough to make you rich because you have to face W-2 – withholding tax. If you want to earn passive income then there are various options you can utilize. Like you can buy shares of the stock market or equities of any firm. But Real Estate is not too much risk as other investments. The Internal Revenue Service (IRS) can differentiate between earned W-2 income and passive income to Invest in Real Estate.
There is a variety of ways to earn passive income from real estate. But Residential as well as Commercial is quite a feasible option for doctors. You can be the full owner of the property or can invest through crowdfunding. You’ll be entertained according to your investment ratio during crowdfunding.
Types of Residential: It includes condos, duplexes, townhouses, single-family homes, co-ops, or even fourplexes in different cities.
Types Of Commercial Real Estate: It includes hotels, restaurants, shops, garages, multifamily properties or offices, etc.
Everyone wants to be a landlord & like wealth creation. But few of them can find suitable as well as possible ways. So, if you don’t have too much cash but want to invest in real estate. Then you can acquire any rental property. All of the remaining dues will be deducted from your rental income on monthly bases. Your rental income will cover all remaining & related expenses. Definitely, your property will appreciate over time.
So, after struggling investors have summarized a simple formula for you:
Rental rates may vary according to the local market. Usually, it tends to increase by 2 to 3 percent over time. It depends upon inflation as well as supply & demand etc.
You’ll realize that after five years equity would be double (Equity is known as the difference between the property’s value & mortgage balance). Your mortgage will reduce because your rental income is covering all of the costs.
If you don’t have too much time and knowledge then you can hire any professional manager. He can manage your property along with day-to-day operations. Like paying bills, collecting rent as well as doing necessary maintenance & repair.
Besides real estate financing, you can invest in the US Treasuries, the stock market, or any automated or online business. But as a medical Practitioner, you are too much busy helping patients. So, any such option of investing is not suitable for you, due to much active participation.
Due to all of the above reasons, Real Estate Investment is always a suitable option for you.
There’s always a risk in any investment like your life is also a risk. Definitely, there are also pros and cons of real estate investment. You’d be able to earn handsome passive income without a massive amount of effort & time.
As we have discussed that everything has its pros and cons. So, there are also varieties of risks you can face while investing in Real Estate.
Definitely, everyone wants to create a solid path of wealth creation. Doctors are always too much loyal to their services. So, you have to invest in Real Estate. There is a bundle of plans available at XYZ.com. Just visit and select a suitable plan for you. We have tried to make it 100 percent risk-free. You can enjoy positive cash flow at the end of every month.
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