Passive Real Estate Investing Strategies with Alka Kumar
Road to Family Freedom
English - May 23, 2021 14:00 - 39 minutes - 27.8 MB - ★★★★★ - 27 ratingsInvesting Business business investing realestate financialfreedom realestateinvesting firemovement flipping invest property rental Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications.
Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications.
In This Episode We Cover:
Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investingWhy she chose to purchase a rental property in a coastal community with cashHow she went about scaling her real estate portfolio after that first single-family rentalWhy she transitioned out of buying single-family rentalsAnd much more!Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comWebsite: YourWealthMD.comBook: The Millionaire Real Estate Investor by Gary KellerBook: The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroyFollow Us:
facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:
If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visitIn this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications.
Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications.
In This Episode We Cover:
Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investingWhy she chose to purchase a rental property in a coastal community with cashHow she went about scaling her real estate portfolio after that first single-family rentalWhy she transitioned out of buying single-family rentalsAnd much more!Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comWebsite: YourWealthMD.comBook: The Millionaire Real Estate Investor by Gary KellerBook: The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroyFollow Us:
facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:
If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/