Why Should I Invest in a Passive Private Real Estate Deal? – 154

Interview with Dr. Peter Kim

In this week's PNC Podcast episode, we learn why private real estate deals are a great way to diversify income. And investing in real estate makes a very nice part-time side hustle.

Earlier this year, I was a participant in the Leverage & Growth Virtual Summit, organized by Dr. Peter Kim from Passive Income MD. It was a unique experience with about 50 experts providing valuable teaching over 2 weeks. I had a lot of fun participating as faculty. I also enjoyed watching the other videos that were posted. Many of you told me you found it helpful and inspirational.

Our Sponsor

We're proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.

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Graduates have taken leadership positions at major healthcare organizations. And they've become entrepreneurs and business owners.

By joining the University of Tennessee physician executive MBA, you will develop the business and management skills needed to find a career that you really love. To find out more, contact Dr. Kate Atchley’s office by calling (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.

Private Real Estate Investing Is a Great Side Hustle

I wanted to get Peter on the podcast to learn more about his background, and his online ventures. Is he still practicing? Why did he create Passive Income MD? What new projects has he developed? Why is passive private real estate investing such a good side hustle?

As I have interacted with physicians seeking nonclinical careers, I found that many achieve fulfillment and balance by starting side hustles to complement their clinical careers. You’ll remember, perhaps, that Peter Steinberg really loved his work as an expert witness, while still practicing urology. And Dave Draghinas balances his practice with his podcast and short-term real estate investing.  Ideally, we ought to be passionate about these endeavors and they should help diversify our income.

Today, Peter discusses several important topics:

1. Why we should diversify our income streams;
2. Why private real estate investing is such a popular choice for passive income;
3. Which real estate investing options are ideal for busy professionals; and,
4. The Passive Real Estate Academy that he and his team have relaunched this month, and why you should enroll.

Peter really knows real estate, and it is so cool that he has spent the time and energy to create a place where we can learn from his successes and failures.

To learn more about his course, go to nonclinicalphysicians.com/prea (this is an affiliate link). 

SUMMARY

Peter provides a brief explanation as to why generating passive income using private real estate deals is such an important topic to consider. It is easy to learn. Most physicians have incomes to make it an appropriate investment. It will help us hedge against possible job loss or cutbacks as we've during the COVID-19 pandemic.

And for a very short time, you can have access to a free Webinar, or consider joining his Passive Real Estate Academy, where he'll teach you everything you need to know about creating a passive income stream with certain types of real estate investments.

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So head over to the Clinicians Career Cooperative.