Selling My House And Taking $500k In Tax Free Gains

Sometimes in life you luck out. We lucked out bigtime by selling our house at the top of the market for half a million dollars in tax free gains. My wife and I stumbled upon a great house in the central part of the city we live in. Little did we know that this house would transform our financial future. It all began with a modest 1400 sq ft house in the heart of town, a purchase made pre-marriage and pre-kids.… Read the rest

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The Most Expensive Real Estate Bankruptcy by a Doctor

The rise in real estate prices from 2013 to 2022 has been historic. However, for some cities that have been spared the big drop in 2008 values, the rise in home values has been dramatic. For example, the house we just sold more than doubled its selling price in the four years since we bought it. This got me thinking, what might be coming for doctors who are highly leveraged in real estate?… Read the rest

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Truist And My Doctor Loan Nightmare

I am a big fan of what many banks refer to as the “doctor loan” or a “physician loan” that is available from banks as a loan on your primary residence. A doctor loan allows physicians to buy a house with less than 20% down and does not take student debt into account. This is ideal for many new physicians since most physicians graduate with a substantial amount of student dent.… Read the rest

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Terminating An Employee Contract For More Focused Growth

Those of you who may have been following my blog for a long time, you may recall that about a year and a half ago I started up a second location. The second location has offered quite a few benefits. However, the time has come to look at my business relationship with a nurse practitioner and terminate that agreement. We both agreed that things were not going as planned with our work relationship.… Read the rest

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What You Need To Know About Commercial Real Estate For Your Medical Practice

We currently have two locations for our practice. Soon, we will be expanding our real estate portfolio for our medical practice to three locations. Finding commercial real estate can be more difficult than you think. There are a lot of nuances to commercial real estate. Should you buy or rent? This post will go over how we are going about finding a new location, how I found my past locations, and what you need to know.… Read the rest

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