$190,000 in Debt to a Positive Net Worth

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Allow me to introduce you to R.E.I, the Real Estate Intensivist. He first contacted me early in 2021 with an interest in sharing his FI journey as he starts from scratch.

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As you’ll learn below, to start with nothing is quite a feat, considering the fact that he started with close to $200,000 in debt, and, as of this initial post, has yet to receive his first paycheck as a new attending physician.

While most physicians will take a more traditional path investing in VTSAX, a three fund portfolio, and the like, R.E.I., as the name suggests has become a real estate investor. Let’s see how he got started, where he’s at, and what the future has in store for this intensive care physician.

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Hello FIRE-land, My name is Real Estate Intensivist (R.E.I.) and I am absolutely thrilled to be writing this! As you may have guessed from my name, I am an ICU doc, and yes, I am also intensely interested in real estate.

I am a recently graduated critical care fellow, and I just started my first attending job. I have been a FIRE devotee since around 2014, but my passion for finance and business probably began in my teen years and has continued strong.

Getting Out of Debt Without an Attending Paycheck

First I have to admit, I have NOT paid off my students loans yet, and frankly, I would never pay them back early (well maybe that last payment!). I know this is a controversial viewpoint in the FIRE community, but I will confess, I am NOT ANTI-DEBT.

I do not think that “attacking debt” is a good thing, and I am comfortable with a moderate amount of debt provided the interest rate is reasonable and our cashflow situation is secured (I will discuss this view more in a future post). Instead, my wonderful spouse and I have gotten to the point where our net-worth has gone from negative $190,000 to roughly a positive $80,000 before a single attending paycheck thanks to the power of real estate.

SO How Did We Do It?

SWIPE UP NOW TO READ MORE

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