A Doctor's Honest Guide to Leaving Medicine and Building Real Wealth

Former GP and surgeon Andrew Threadgold sits down to tell the full story of how he built a property and business portfolio that let him leave medicine on his own terms.From a council estate start and medical school in London, to a GMC investigation around 2011 that became the turning point, to years as a touring doctor looking after the crowds (and the odd rock star) at Donington, Madonna's Confessions tour and more, Andrew traces the path that took him out of the NHS and into business.In this conversation he covers:- The GMC investigation that made him rethink everything, and why it set him on a different road- His first property: a flat on Hercules Street, Darlington, bought for £42,000 with a loan from his father-in-law, refurbished himself to learn what a bag of plaster actually costs- The Redcar deal nobody else would touch, and how he bought it creatively- Why serviced accommodation is a hospitality business, not a property strategy, and how aiming to be 10% better than the next best built full occupancy- Buying Halo physiotherapy, and the hard lesson about changing the people in a business you acquire- The skill-will matrix he uses on every member of staff- Acquiring a security firm in Norwich and what really matters when you buy a business: EBITDA, contracted revenue and volume- The rescue deal that brought in around £1.5 million of property for roughly £16,000 in total acquisition costs- How social media changed his trajectory, and why putting yourself out there for free is a no-brainer- Building a portfolio now in triple digits, almost entirely through creative strategies rather than buying on the open marketA candid, no-spin look at leaving a secure profession to build something of your own.Ready when you are 🫡Thank you for listening, I'm Dr Andrew Threadgold and the host of The Property Doctor Podcast.You can find me on instagram: www.instagram.com/andrew_threadgoldAll other enquiries: [email protected]