""As a student, you're not really making a lot of money, so I kind of put that to the side," the psychiatrist told Business Insider. "After I finished training, my job gave me an opportunity to save some money, and I thought, 'How can I invest in something that would appreciate and grow, and also allow me to save more for the future?'" Real estate checked both boxes, providing both monthly cash flow and price appreciation."
"Shirvani started looking for investment properties in southern Oregon, where she moved after getting her degree. In 2018, she closed on a duplex close to the hospital where she was working. One of the units was already rented to a traveling nurse, while the other had just been vacated. She spent about six weeks upgrading the vacant unit before finding a new tenant. Once both units were filled, she said the cash-on-cash return was between 15% and 20%."
Nicole Shirvani began experimenting with rental real estate in her twenties by buying a Toronto condo and leasing it long-term before pausing for medical school. After completing training and moving to southern Oregon, she bought a duplex in 2018 near her hospital, renovated a vacant unit for six weeks, and achieved a 15–20% cash-on-cash return after leasing both units. In 2022 she accepted a job in Florida and sold the duplex. She used a 1031 like-kind exchange to defer capital gains taxes by reinvesting the sale proceeds into new property. Rental income supports savings, travel, and her daughter's future.
Read at Business Insider
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