Business
In this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications. Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications. In This Episode We Cover: Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investing Why she chose to purchase a rental property in a coastal community with cash How she went about scaling her real estate portfolio after that first single-family rental Why she transitioned out of buying single-family rentals And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.yourwealthmd.com/ (YourWealthMD.com) Book: https://amzn.to/2ojo1IA (The Millionaire Real Estate Investor) by Gary Keller Book: https://amzn.to/3hP6SQb (The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss) by Ken McElroy Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)