DocWorking: The Whole Physician Podcast
Education:How To
“One thing I do want to point out to investors is when we look at investments, the first thing we look at is the return. I’m guilty of it because that’s the whole point of the investment to see how much my money can grow. And then maybe the last thing we’ll look at is, oh, who is running it? But I think the more you invest, the more you really look into these, it should be the other way around. It should be who is running the property.”
- Dr. Cherry Chen
Although Dr. Cherry Chen specializes in internal medicine, she’s also an expert in real estate. Dr. Chen is also the founder of The Real Estate Physician, a business she created in 2018 to empower her physician colleagues in commercial real estate investments. Dr. Chen received her M.D. at Texas A&M College of Medicine with honors and completed her training at Oregon Health Science University. She has experience with commercial real estate investments across multifamily, self-storage, manufactured home parks, and as a limited passive investor, as well as raising private equity capital.
After contributing to her 401k and IRA, Dr. Chen grew curious about other investment opportunities outside of the stock market. She was also curious about the potential for early retirement, financial independence, and growing her net worth, even though she was fairly young in her career. Although she loves being a physician, Dr. Chen began wondering what her alternatives would be if she decided to stop practicing medicine and how to make her money work hard on her behalf. This inspired her to pursue real estate and share her wisdom with other doctors through The Real Estate Physician. Through her business, she helps others grow their wealth independent of the time they put in as doctors.
Dr. Chen shares what the process of diving into her first real estate investment was like and how to make intelligent investments. She also highlights the important characteristics investors should consider if they’re interested in passive investments, one of them being a thorough assessment of the property management company. Dr. Chen also explains how syndications work and the advantages they provide to investors. We wrap up by discussing the difference between multifamily investments and commercial investments like self-storage and mobile home parks.
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How to Finish Charting and Get Home on Time as a Physician with Mary Leung MD
Battling Physician Burnout: A Heartfelt Conversation with Dr. Simon Maltais (Encore Episode)
227: Navigating Real Estate Investments for Physicians with Brett Riggins
226: Connecting heart, mind, body and spirit for healing and wellness with Dr Manizeh Mirza-Gruber
225: How Retraining the Brain Can Eliminate Chronic Tinnitis and Lead to Personal Transformation with Peter Studenik
224 Marriage Survival Guide for Doctors and Medical Students: Tips from Dr. Dave and Ashley Gay
223 How to Process Stress and Alleviate Pain and Other Symptoms with Stephanie Shaw
222: Top Tips for Real Estate Investing from Dermatopathologist Dr. Lydia Essary
221: Thriving Despite Chronic Illness & Chronic Pain in the Physician Family with Dr. Jeep & Vanessa Naum
220: What Patients Teach Their Doctors with Dr. David Alfery
219: Physicians, Nonclinical Careers and Choices in Healthcare with Dr. Tom Davis
218: Neuroplasticity: How You Can Impact Your Overall Health by Controlling Your Thoughts with Dr. Philippe Douyon
217: Physician Nonclinical Career Advice You Can Put to Use Today with Dr. John Jurica
216: Finances, Physicians and Burnout with Daniel Wrenne
215: How Physicians Can Improve Work-Life Balance by Minimizing Contaminated Time at Work and at Home (Jill Farmer, Gabriella Dennery, MD)
214: The Importance of Prioritizing Your Wellbeing To Prevent Burnout with Dr. Virgie Bright Ellington
213: How Personalized Medicine Can Change Your Life and the Lives of Your Patients with Dr. Tracy Gapin
212: Ways To Stress Less Over The Holidays
211: Being A Unicorn in Physician Leadership with Dr. Camelia Lawrence
210: One Physician’s Journey into Non-Clinical Work with Dr. Virgie Bright-Ellington
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