In this podcast episode, Dr. Padda traces his path from getting into real estate as a teenager to running medical practices and Red Pill Kapital, and explains why physicians should own the real estate their practices operate in.
This week’s episode is the first in a two-part series that features Gurpreet Padda, MD. He is a private practice physician out of St. Louis, Missouri, who runs Reversing Diabetes MD and Padda Institute Center for Interventional Pain Management. Dr. Padda also runs Red Pill Kapital, which is a real estate investment development and management company. He is an advocate for educating private practice physicians on passive wealth strategies through owning real estate.
In This Episode, We Talk About…
[5:05] Getting into real estate as a teenager
[6:08] The desire to have a life outside of the hospital
[9:05] Characteristics that are more relevant than your education when it comes to owning a business
[10:30] The applicability of medical training to real estate
[11:09] How Dr. Padda decided on his medical specialty
[12:39] How capital flow impacts our health as well as the real estate market
[15:17] The importance of investing in real estate for your practice(s)
[16:31] How to decide where to purchase real estate for practice locations based on patient perspectives
[17:33] The effect of the pandemic on retail real estate
[21:28] Selling restaurants before the pandemic began
[24:14] Educating clinicians on creative passive cash flow and equity growth
[25:22] Why physicians tend to make financial decisions based on narcissism
Frequently asked questions
What is Red Pill Kapital?
Red Pill Kapital is a real estate investment, development and management company run by Dr. Gurpreet Padda, a private practice physician in St. Louis, Missouri. Through it he educates private practice physicians on passive wealth strategies built on owning real estate, including the buildings their own practices operate in.
How did Dr. Padda get into real estate?
He started in real estate as a teenager, well before medicine. In this first episode of a two-part series he talks about that start, his desire to have a life outside the hospital, and how he now runs Reversing Diabetes MD and the Padda Institute Center for Interventional Pain Management alongside Red Pill Kapital.
What should physicians know about owning real estate?
In this episode Dr. Padda explains why physicians should own the real estate their practices operate in and how to choose practice locations from the patient’s point of view. He also covers how capital flow affects both health and the real estate market, the pandemic’s effect on retail real estate, and why physicians often make financial decisions based on narcissism.
Links To Resources:
Reversing Diabetes MD: https://reversingdiabetesmd.com
Padda Institute Center for Interventional Pain Management: https://painmd.tv
Red Pill Kapital: https://redpillkapital.com/
www.redpillkapital.com
If you simply need more information, have questions, or want to discuss a specific deal, I’m always excited to help. Reach out to me at info@redpillkapital.com
If you are ready to start your journey to financial freedom but want specific additional educational materials, we have a course designed for physicians.