10. Creating Streams of Passive Income Through Real Estate Investing with Peter Kim (Passive Income MD)

Passive income, especially in recent years, has become a popular way to growth wealth. One platform you can use to benefit from passive income is real estate. In today’s Money Checkup, I’ve invited Peter Kim to join me on the show. Peter has taken this idea of passive income through real estate investing, not only to grow his own wealth, but to educate other physicians on how to do it as well. Join us on today’s episode to hear how he’s gotten to where he is today and the information, tips and tricks he passes on to other physicians through his two companies.
Peter is an anesthesiologist living in Los Angeles with his wife and two children. He is the creator of the website Passive Income MD which helps physicians create financial freedom through passive income. He is also the founder of Curbside Real Estate, a service created to help physicians in the home buying process. Peter runs a Facebook group of nearly 5,000 physicians to discuss issues related to passive income called Passive Income Docs. 
What We Will Cover
How Peter got into blogging and investment real estate
Why so many people are turning to real estate investing as another income
The importance of passive income in a balanced lifestyle
The definition of passive income and the amount of work that goes into it
How going with the crowd on investments can sometimes hurt your financial future
Your location might be negatively affecting your ability for financial freedom
Where Peter gained his knowledge around passive income
What financial independence means for you
Where to begin if you want to start generating passive income
Some of the groups to get involved in to learn more about passive income
The benefits of collective knowledge when learning something new
The tale of two dads and the different paths they led
Different types of real estate investment opportunities
Crowd funding real estate defined and an example of a syndication
Understanding what a Real Estate Investment Trust (REIT) is
How the new tax law affect REIT dividends
What to look for when vetting a syndication deal
Questions to ask the syndicator during the vetting process
The definition of an accredited investor
A Financial Goal in the Works
Turn his business income to more passive income
Buy another rental property by the end of the year
One Piece of Financial Advice
Figure out a way to utilize money to maximize your time
Getting Connected With Peter
Passive Income MD
Curbside Real Estate
Facebook (Passive Income MD)
Facebook (Curbside Real Estate)
Instagram
Link’s Mentioned
Rich Dad, Poor Dad
I’m Financially Independent if I Move Blog Post
The List of Physician Side Hustles Blog Post
10 Ways to Generate Passive Income Blog Post
Physician on Fire
White Coat Investor
My Rich Dad, My Poor Dad Blog Post