Breaking the Capital Barrier: Your First Step into Real Estate Investing

Dear investors,

"I don't have enough money to start investing in real estate."

As a physician and real estate investor, I hear this concern constantly from colleagues. Let me tell you something - it's not just you. You may feel that you have no money to invest at all! That is completely normal - we are all programmed to have a scarcity mindset - that there’s not enough money for anything. Thinking abundantly requires daily practice, it's daily mental exercise.

The capital barrier is the #1 obstacle that holds physicians back from building wealth through real estate. But here's the good news: it's completely surmountable with the right strategy. Once you accomplish this, finding the money for your succeeding deals is definitely easier.

Start with a Financial Check-Up

Just like we assess our patients, let's do a thorough financial assessment:

1. Income Analysis

   • Track ALL income sources (clinical work, teaching, consulting)

   • Identify opportunities for growth (extra shifts, teaching stipends, ask for a raise, extra administration roles, speaking engagements) - make sure that when you are mentoring the next generation of doctors, that you have a stipend, this is important work!

   • Consider passive income streams (medical survey sites)

     
     

2. Expense Audit

   • Review your last three months of spending

   • Identify and eliminate "money leaks" (unused subscriptions, excessive fees, inflated grocery bills)

   • Challenge luxury spending - postpone big purchases until after your first investment

The Savings Acceleration Plan

Here's your roadmap for building your down payment:

1. Automate Your Savings - pay yourself first

   • Set up automatic transfers of 5-10% from each paycheck

   • Directly deposit them to a high-yield savings account (currently offering 4-5% APY such as Wealthfront, SoFi)

   • Make this a non-negotiable - treat it like your mortgage or student loan payment

     
     

2. Implement the "Found Money" Strategy

   • Redirect all unexpected income (bonuses, tax refunds, speaking fees) to your savings account

   • Practice "savings by substitution" - when you skip an expense, transfer that amount to your savings account

     
     

The 20% Down Payment Goal

For many physicians, a $300,000 property requires $60,000 down. This isn't built overnight, but with the above strategy, you'd be surprised how quickly it grows. Track your progress and celebrate each milestone - $25K, $30K, $50K, and finally $60K.

Action Items for This Week:

1. Open a high-yield savings account specifically for your real estate fund

2. Set up automatic transfers for your next paycheck

3. Review last month's expenses and identify five "money leaks" to eliminate

4. 
   

Remember: Every successful real estate investor started exactly where you are. The difference is they took action.

Here's to your financial growth,

Jolie

If you are just joining us, welcome! If you would like to get my free Real Estate Pre-investment checklist, head on over to https://infectiouswealth.kit.com/38bcc7fce8 to download.