ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 131: An ER Doc's Guide for Real Estate in 2023

What it means to own real estate has changed dramatically, not just in the past three years, but even over the past three months. And who knows what the next three months, let alone three years, will look like. This uncertainty makes the decision to purchase real estate risky, but on the other end of the spectrum, potentially rewarding. And to realize that the average American has 70% of their net worth, or more, tied up in real estate, the implications are more important to discuss than ever.

In today’s episode, we’ll get into purchasing real estate in modern times. From the first-time home buyer, to the ER doc looking to upgrade, downgrade, or get into short- or long-term investing, we’ll discuss every angle from our point of view.

Topics Discussed:     
  • The most important things to remember when it comes to the tax deadline.
  • The typical exposure to real estate for most ER docs.
  • What you need in order for real estate investing to be worth it.
  • Trends we are seeing with real estate and ER docs.
  • The state of the current real estate market and how it has changed recently.
  • The importance of considering cash flow.

Resources Mentioned:

Tags

ER doctors, emergency medicine, emergency medicine, finances after death, wealth planning, financial planning, probate court, taxes,