EP 109: Dr. Tait Prescribes RE Investing to Cure Physician Burnout
In this episode of the podcast, we sit down with the incredible Dr. Eric Tait, a doctor turned real estate investor, to dive into the world of real estate investing. Dr. Tait shares the cure for physician burnout and his journey from being a medical professional to building a vast portfolio of real estate investments, starting with humble single-family homes and venturing into larger commercial projects.
But it doesn't stop there! We also delve into Dr. Tait's experiences of scaling up his real estate investments during the COVID-19 pandemic. He takes us through his strategic focus on essential services like grocery stores, fast food chains, and even small physician offices. Dr. Tait sheds light on the importance of investing in services that cannot be outsourced, and how having business interruption insurance provides peace of mind in uncertain times.
Not only does Dr. Tait share his insights into real estate investing, but he also offers his wisdom on navigating the current state of the public markets and the impact of the Federal Reserve's tightening policy on investments. He advises caution in the public markets, highlighting the potential for better returns in real estate investments. If you're curious about real estate investing or simply seeking inspiration, this episode is a must-listen!
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Dr. Eric Tait's background as a doctor and real estate investor.
Dr. Tait's real estate investments, starting with small single-family homes and expanding into larger commercial projects.
Dr. Tait's experience scaling up his real estate investments during the COVID-19 pandemic.
The focus of Dr. Tait's real estate properties on essential services like grocery stores, fast food, and small physician offices.
The importance of focusing on services that can't be outsourced and having business interruption insurance.
Dr. Tait's approach to investing in real estate and raising funds per project.
The current state of the public markets and the impact of the Federal Reserve's tightening policy on investments.
Dr. Tait's advice on caution in the public markets and potential better returns in real estate investments.
Dr. Tait's approach to managing his busy schedule and intentional time management.
Dr. Tait's emphasis on finding a balance between work and personal life and having a give-and-take relationship with others.
Tweetables:
“The Wall Street mantra is time in the market is more important than timing the market which I guess that's one way to look at it. I tend not to be a stat guy unless we've taken the company public to stock or something of that major.” –Dr. Eric Tait
“Today as it relates to interest rates. Again, it's just a math problem. Prices will come down based on an increase in interest rates. And the beauty of real estate is we don't have to buy. You can always wait until you get the price that you need to make the money that you want.” –Dr. Eric Tait
“We're not going after what I like to call thin deals. It's going to be something that there's meat on the bone and there's some downside risk in terms of looking at it from that (opportunistic) standpoint.” –Dr. Eric Tait
Resources
Vernonville Asset Management website
About Dr. Eric Tait
Mr. Tait is a co-founder and Managing Member of Vernonville LLC. He oversees the company’s acquisitions and business-development activities. He also directs Vernonville’s overall investment strategy. Since 2008, Eric has analyzed, purchased, repositioned, managed, and developed income-producing investment projects both domestically and internationally. Vernonville Asset Management originated to provide HWNI and foreign investors access to private and alternative investments with the objectives of providing capital preservation, tax benefits, and passive income.
In addition to Vernonville, he co-founded Urban Capital Network. UCN originated to provide access to early-stage investment opportunities available to everyone. Typically, these private investments are reserved for a small group of elite investors. With UCN, everyone can invest in these startups that are vetted and qualified by the team.
Eric is also President of Pinnacle Physician Management Organization, a Medicare Advantage partnership with Universal American Corp that has generated over $25 million in revenue since 2009.
Eric is a highly-sought after speaker by organizations and events across the United States. His investment insight and forecast are in demand as a podcast guest, presenter at private events, and physician conferences.
Eric received his M.B.A. in entrepreneurship from Jesse H. Jones Graduate School of Management at Rice University as well as his medical degree from Baylor College of Medicine. Eric is a physician in Internal medicine in a private practice in Houston, Texas.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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