How to Transition From W-2 Employee to Real Estate Investor Earning Passive Income

In this episode, Clint Coons, Esq. speaks with Dr. Param Baladandapani, CEO of Generational Wealth MD. Dr. “Bala” went from a ‘burnt-out radiologist’ to a retired real-estate investor in one year, at the age of only 41. Dr. Bala’s advice, methods, and insider information can help you ‘accelerate to financial independence by investing in real estate the right way.’

Param Baladandapani is a radiologist in Southern California who built a multi-million dollar real estate portfolio and financial independence at 41. As Founder and CEO of Generational Wealth MD, she has helped thousands accelerate toward financial freedom through her coaching program and syndication opportunities. She is passionate about paying it forward and has helped establish a nonprofit educational trust in rural India that is focused on empowering and educating children with disabilities.

Highlights/Topics:

• Bala’s journey from full-time physician to acquiring rentals for passive income
• The mindset shift to real estate and passive income
• Reasons that people shy away - time, money, risk, knowledge, team
• Time you put in now will multiply exponentially on the back end
• There are options and strategies for wherever you are in life
• Educate yourself to get started - where can you start?
• Finding the right coach, mentor, or team
• Stress-testing your properties, cash flow on day one
• Short-term, mid-term, long-term rentals
• Surrounding yourself with the right people who have the right mindset
• Leaving communities that are no longer helping you
• Investments right now - syndication opportunities and joint ventures
• You’re never going to be “ready” to start - just start with one tiny step!

Resources:

FREE Passive investors Guide to investing in Real estate Syndication -

• Defining your buy box,
• Vetting the market, Deal & Sponsor
• Due Diligence checklist

https://www.generationalwealthmd.com/guide

Long-Term Rental Calculator

https://www.generationalwealthmd.com/LTR%20calculator

Short-Term Rental Calculator

https://www.generationalwealthmd.com/str-calculator

Financial Independence Worksheet

https://www.generationalwealthmd.com/financial-independence-worksheet

Free E-Book Link

https://www.generationalwealthmd.com/free-ebook

Free Virtual LIVE event is open for registration

http://www.generationalwealthmd.com/event

City Data

http://www.city-data.com/

Generational Wealth MD

https://www.generationalwealthmd.com/

Dr. Bala LinkedIn

https://www.linkedin.com/in/param-baladandapani-md-abb693232/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Podcast

https://andersonadvisors.com/podcast/

Clint Coons YouTube

https://www.youtube.com/channel/UC5GX-U6VbvMkhSM1ONBiW8w