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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Find full transcripts of DocWorking: The Whole Physician Podcast episodes on the DocWorking Blog
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48: Embracing Conflict for the Sake of Building Better Relationships
47: Editor's Pick: (Importance of Setting Boundaries)
46: Competing in a Different Arena with Dr. Shellaine Frazier
45: Changing the Culture of Medicine From the Top Down with Dr. Phyllis Dennery
44: Failing Forward & the Courage to Try New Things
43: Leaving Burnout Behind for Concierge Medicine with Dr. Becky Lynn
42: Importance of Having Hobbies & Passions Outside of Work
41: How To Grow Your Practice & Increase Your Impact with Social Media with Dr. Marissa Tenenbaum
40: Three Common Communication Mistakes Physicians Make with Lisa Kuzman
39: A Work-Life Integration Subspecialty Solution, with Dr. Paula Marfia
38: Procrastination: The Self Defense Mechanism We Can Do Without
37: On Motherhood and Doctoring with Dr. Jen Barna
36: Diagnosing Your Leadership Potential with Lisa Kuzman
35: Perfectionism: Why 100% at Everything Doesn’t Add Up
34: Q&A Friday: Imposter Syndrome and How To Ditch It
33: Physician Food Blogger: Interview With Dr. Joanne Stekler
32: What We Can Learn From the Navy SEALs
31: Real Estate Investing With Dr. Saira Ahmed
30: Interview with Doctor-Author Ilene Wong aka I.W. Gregorio
29: Building Businesses Outside of Your Day Job: Part 1 of 2 With Dr. Saira Ahmed
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