EPISODE · Dec 19, 2024 · 23 MIN
Syndicating Medical Office Buildings While Operating a CPA Practice with Stewart Heath Part 2
from The Side Hustle and Business Show with Eric Lindsey · host Eric Lindsey
🚀 Ever wonder if you can keep your day job AND invest in real estate? Stewart Heath, a CPA 🧮, shows you how by focusing on stable, cash-flowing medical office buildings 🏥. He avoids risky tenants, works backward from desired returns, and uses careful strategies so you can grow wealth without leaving your career. 💼🔥🔑 What You’ll Learn:1️⃣ Balancing Work & Investing📌 Stewart stays fully employed as a CPA while investing in fully-leased properties. He’s all about reliable income right from the start—no guesswork, just steady rent checks. 💰🗂️2️⃣ Picking the Right Deals🏢 Even older buildings work if they’re in good shape. Thorough inspections 🔍 ensure no surprises, and focusing on strong leases means dependable earnings.3️⃣ Saying “No” to High-Risk Tenants⚠️ He passed on a building with a brand-new restaurant 🍽️ because startups often fail quickly. Instead, he prefers seasoned or chain operators who bring stability from Day 1.4️⃣ Working Backward from Returns💡 Need at least 5% cash-on-cash? He sets that goal, then adjusts his offer based on interest rates and expenses, ensuring his investors get the returns they expect. 🎯📈5️⃣ No “Potential”—Just Contracts📜 He’s not banking on future promises. He buys “financial contracts” (solid leases) that guarantee income now, so he’s not hoping on what might happen later. 🏦🤝6️⃣ Refinance & Grow🔄 After a few years, he refinances, returns tax-free cash to investors, and still owns the asset. He only sells at natural exit points, like avoiding costly repairs or heavy competition. 🏗️💸7️⃣ Outperforming a Savings Account💰 Leases have built-in rent bumps, often leading to double-digit returns. Savings rates can vanish overnight, but these contracts keep pumping out income. 💵💯8️⃣ Tips for Beginners⏳ New to investing? Vet your sponsor’s track record and honesty. Start simple—a single-family home 🏠 or short-term rental—and let tenants pay down the mortgage. Over time, build a portfolio that runs like clockwork. ⏰🔧9️⃣ Focus on Cash Flow Before Risks🌱 Steady, reliable cash flow first, then explore riskier ventures. Once that base is strong, you’ve earned the right to aim higher. 🏆✅🔧 Passive Investor Benefits📈 Real estate hedges against inflation, offers tax perks, and stays calmer than the stock market. With professional management, you enjoy growth without the grind. 😌🤝💬 Key Takeaways:⭐ “Stable cash flow beats speculation.”⭐ “Know your sponsor’s past—no mistakes means no honesty.”⭐ “Refinance to grow wealth without selling.”⭐ “Build a solid base, then push for bigger returns.”🎙️ Don’t miss this value-packed episode—listen now!👉 #RealEstateJourney #PassiveIncome #MedicalOfficeInvesting 🏥🧮 #FinancialFreedom #CPA #SideHustleWebsite: https://ericlindseyml.com/Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversationClick On The Link Below For More Information About Eric Lindsey:https://linktr.ee/ericlindsey
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Syndicating Medical Office Buildings While Operating a CPA Practice with Stewart Heath Part 2
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