Episode Description
Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode of Investing for Doctors, we welcome back Rich Harvey, CEO and Founder of PROPERTYBUYER to take the conversation beyond buy and hold and into the value-add strategies most doctors never hear about. Building on our previous discussion around leverage and portfolio structure, we unpack why many high-income professionals stop too early with property, not because of risk tolerance or lack of opportunity, but because they are unclear on what is realistically possible without becoming a full-time developer.
Rich walks through practical, lower-risk ways doctors can manufacture equity and accelerate passive income, including cosmetic renovations, granny flats, knock-down rebuilds, and passive development strategies. We also explore realistic return benchmarks, risks to avoid, hidden tax considerations, and how doctors can scale safely when time is limited and managing tradies or approvals is not an option. This episode is designed for doctors who already own property and want a clearer framework for what comes next, without chasing hype or overcomplicating their strategy.
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TIME STAMPS:
00:00 Intro/Hook
01:31 Rich Introduction
02:43 Advise for people doing value-adding or development activities
03:43 Why do value adding?
05:26 Process of Renovations
10:21 Managing Renovations
11:21 Cosmetic Renovations and Risk Management
14:49 Granny Flats and Structural Renovations
20:03 Knockdown and Rebuild Strategies
30:36 Passive Development and Joint Ventures
34:11 Rooming Houses and High-Yield Investments
36:59 Legislative Challenges and Opportunities
37:43 Syndicated Investment and Group Participation
46:23 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.propertybuyer.com.au/
https://www.linkedin.com/in/sydney-buyers-agent
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.