TGCI 217: From MD to Enterpreneur with Dr. Pranay Parikh

The Gold Collar Investor

16-01-2023 • 33 mins

In today's show, Pancham interviews Dr. Pranay Parikh - a physician, civil entrepreneur, online host and creator, and president of the Ascent Equity Group.

His unconventional journey to medicine helped him learn the skills to excel in entrepreneurship. Dr. Pranay helped hundreds of physicians launch their businesses with his online coaching. His goal is to help launch 10,000 physician-led businesses!

Is it possible to engage in real estate while having a full-time job? How did Dr. Pranay Parikh excel in entrepreneurship and real estate from being a full-time and dedicated physician? Listen as he shares how he got into real estate while working full-time and discover how it is a great way to create wealth.

Listen and enjoy the show!

Quote:

"How can I make a larger impact? That is by helping doctors become financially free. Now, if I helped thousands of doctors, I'm helping thousands and millions of patients."

Timestamped Shownotes:

  • 0:35 - Pancham introduces Dr. Pranay Parikh to the show
  • 1:49 - How he got into real estate from being a physician
  • 6:28 - Dr. Pranay's advice for full-time workers and his passion for real estate
  • 11:11 - Three things syndication companies do
  • 15:10 - Psychological transition he had of shifting from the medical field to real estate
  • 18:38 - Why do doctors make great entrepreneurs?
  • 22:28 - Focusing on less Value-Add Real Estate
  • 25:43 - Importance of giving trust to the people you are working with
  • 29:15 - Overcoming his fear before buying a property
  • 30:49 - One investment he had that did not work out as expected
  • 31:51 - "Connect with trustworthy people and those who share the same goals and values."
  • 32:24 - How can you connect with Dr. Pranay

3 Key Points:

  1. The chance of losing all of your money in real estate is low, so it is worth trying for people who want to explore this investment.
  2. Syndication companies do three things: Acquisitions, Asset Management, and Raising Money.
  3. In medicine, doctors are very conservative in the treatments they do, but in entrepreneurship, failure is part of the process.

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