David Phelps, D.D.S. owned and managed a private practice dental office for over 21 years.
While still in dental school, he began his investment in real estate by joint-venturing with his father on their first rental property in 1980. Three years later, they sold the property and David took his $25,000 capital gain share and leveraged it into thirty-one properties that produced $15,000 net cash flow within 15 years.
Multiple health crises suffered by his daughter, Jenna (leukemia, epilepsy and a liver transplant at age 12), caused David to leave the practice so that his time could be spent with his daughter. Unfortunately, a divorce and failed practice sale provided additional setbacks that he had to work through.
Today, David is a nationally recognized speaker on creating freedom, building real businesses and investing in real estate. He authors a monthly newsletter, “Path to Freedom” and hosts “The Dentist Freedom Blueprint” podcast. Freedom Founders Mastermind Community has grown to over fifty members, providing the pathway to freedom for many professional practice owners. He is also a huge advocate for joining a real estate mastermind group and explains why in our conversation.
“The greatest risk in life is doing nothing.” - David Phelps