Jason Hartman talks with Dr Buck Joffrey, a surgeon, real estate investor, and entrepreneur. Buck runs Wealth Formual, the podcast and company, which helps professionals like himself invest their money in prudent fashion. Buck and Jason discuss investing in commercial assets, why the work style of professionals sometimes lead to bad investing decisions, and alternative investments you likely aren’t considering.
[1:55] Why doctors and other professionals might be bad investors
[6:57] Buck’s investing beliefs
[9:50] Single family houses aren’t his forte, but Buck loves real estate
[14:35] How Buck goes about structuring his commercial real estate deals
[17:30] Cap rates are getting squeezed now
[20:10] Buck is involved in a huge hotel deal in Belize, and why he also invests in things like oil and gas drilling, which he knows little about.
[24:20] Investing in life settlements