Interview with Dr. Pranay Parikh

In today’s episode, Dr. Pranay Parikh explains how to integrate real estate into your overall investment plan.

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Pranay is a practicing nocturnist. In addition to his medical background, he recently completed a Master’s Degree in Medical Management from Carnegie Mellon University. He is the host of the From MD to Entrepreneur Podcast and the co-founder of Ascent Equity Group, founded by physicians to help other physicians diversify their investments using real estate.

Our Sponsor

We’re proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.

The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country. It has over 700 graduates. And, the program only takes one year to complete. 

By joining the UT Physician Executive MBA, you will develop the business and management skills you need to find a career that you love. To find out more, contact Dr. Kate Atchley’s office at (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.

Ways to Integrate Real Estate Into Your Investment Plan

Pranay explains the different types of real estate investments and the pros and cons of each. He also discusses how the real estate investing landscape has been affected by economic conditions, bank failures, and rising interest rates.

And he clarifies for us how achieving real estate professional status can optimize the benefits of real estate investing for those who can meet the strict requirements.

Ascent Equity Group

Pranay described why he helped found Ascent Equity Group, and its philosophy concerning real estate investing. The firm strives to buy cash-flow-positive, tax-efficient alternatives. That allows investors to develop and maintain their capital outside of the stock market.

With years of expertise specializing in single-family, multi-family, and mixed-use properties, the company can optimize capital appreciation, rental income, and tax benefits for its investors.

Dr. Pranay Parikh’s Advice

It doesn’t have to be perfect… Just realize that no matter what you do, you’re going to have some success that you’re going to be able to carry over into the future. So just start something.

Summary

Pranay is a good example of a physician who has been able to cut back on his clinical activities while starting and growing a nonclinical business. He shares his expertise and promotes his business with his podcast. And since he can integrate real estate into his plans, he diversifies his investments while creating passive income.

NOTE: Look below for a transcript of today’s episode. 

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Disclaimers:

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The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life, or business.

The information presented on this blog and related podcast is for entertainment and/or informational purposes only. I do not provide medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counselor, or other professional before making any major decisions about your career.