Why Doctors are Afraid of Real Estate with Dr. Tudor Francu

Summary

In this episode of the Money Partner Formula, host Dave Deau interviews Dr. Tor Frangu, a busy doctor turned real estate entrepreneur who has built an impressive portfolio of nearly 5,000 units. Despite his demanding profession, Dr. Frangu actively invests in real estate, manages properties, and raises capital. He shares his journey from a Romanian immigrant to a successful real estate investor, emphasizing the importance of education, networking, and leveraging mentorship to scale a real estate business efficiently. The episode aims to inspire busy professionals, especially doctors, to explore real estate investing as a viable path to financial freedom.

Takeaways

• 😀 Dave Deau, the founder of Money Partner Formula, hosts a show for real estate investors interested in scaling their businesses with other people's money.
• 👨‍⚕️ Dr. Tor Frangiu, a busy medical professional, shares his journey as a real estate entrepreneur, emphasizing that being busy is not an excuse to avoid investing in real estate.
• 🏠 Dr. Frangiu started his real estate investment with a one-bedroom property in Baltimore, showcasing that everyone starts somewhere in real estate investing.
• 📈 He built an impressive portfolio of nearly 5,000 units, mainly as a general partner and syndicator, proving active involvement in real estate despite his medical career.
• 🌟 Dr. Frangiu's success in real estate was sparked by attending a Robert Kiyosaki webinar, which opened his eyes to different perspectives on investing.
• 📚 The importance of financial education and self-learning is highlighted, as Dr. Frangiu educated himself about the financial system and real estate investing.
• 🔑 Dr. Frangiu emphasizes that real estate investing does not require physical labor; it can be outsourced to property management companies, allowing passive investment.
• 💡 For busy professionals, Dr. Frangiu recommends identifying their 'why' for investing in real estate and understanding the different avenues available for investment.
• 🤝 Networking and mentorship are crucial for success in real estate, as Dr. Frangiu himself sought a mentor when transitioning from single-family to multi-family investments.
• 💼 Dr. Frangiu continues to balance his medical practice with his real estate business, showing that it is possible to manage multiple commitments effectively.
• 🌐 Interested individuals can connect with Dr. Frangiu through his website, Stellar Multifamily, for more information and guidance on real estate investing.

Q & A

What is the primary focus of the show 'Built for everyday Real Estate Investors'?

The show is focused on providing insights and experiences for everyday real estate investors who are actively doing deals and looking to scale their investments using other people's money.

Who is the founder of Money Partner Formula and the host of the show?

Dave Deau is the founder of Money Partner Formula and the host of the show 'Built for everyday Real Estate Investors'.

What is Dr. Tor Frangiu's professional background before he became a real estate entrepreneur?

Dr. Tor Frangiu is a doctor by profession. He immigrated to the United States from Romania and had to go through the process of establishing himself in the medical field, including completing his residency in the U.S.

How did Dr. Frangiu's interest in real estate begin?

Dr. Frangiu's interest in real estate began after attending a weekend webinar by Robert Kiyosaki, which opened his eyes to a different approach to investing and asset management.

What was Dr. Frangiu's first investment property and how did he finance it?

Dr. Frangiu's first investment property was a one-bedroom house in Baltimore, which he bought with cash and semi-fixed himself.

What is the current size of Dr. Frangiu's real estate portfolio?

Dr. Frangiu currently has about 5,000 units in multifamily apartment buildings, with around 800 of them under his active management as a general partner.

Why do you think high-income professionals like doctors are not more involved in real estate investing?

Dr. Frangiu believes that high-income professionals are not involved in real estate investing because they have misconceptions about the level of involvement and maintenance required, fearing the need for hands-on property management.

What advice does Dr. Frangiu give to busy professionals who are interested in real estate investing?

Dr. Frangiu advises busy professionals to first determine their goals for investing in real estate, understand their comfort level with different types of investments, and then network and seek mentorship from successful individuals in the field.

How does Dr. Frangiu manage his time between his medical practice and his real estate investments?

Dr. Frangiu maintains a balance by still practicing medicine a few days a month while focusing primarily on his real estate investments.

What is the best way for someone to connect with Dr. Frangiu and learn more about his approach to real estate investing?

The best way to connect with Dr. Frangiu is through his website, stellarmultifamily.com, where interested individuals can reach out to him via email or social media.

What is the main service offered by Money Partner Formula to real estate investors?

Money Partner Formula helps real estate investors create a process for predictably getting capital, allowing them to do more deals without relying on hard money lenders or banks, by building a private capital marketing system.