Carrie

In today’s Back to Basics episode, we speak with Dr. Peter Kim, owner of Curbside Real Estate, about all things related to Physician Home Loans and Mortgages. He also tells us how he got started with his other business and blog, Passive Income MD. Listen in as he gives us solid advice about making the best decisions when it comes to your home loan from: how to find a lender, what you need to qualify and if you really need 20% down.

In this episode, you will learn:

  • How he got the idea to start Curbside Real Estate based on his own struggle to find his first mortgage after just finishing his fellowship.
  • Why Peter incorporated a social mission into his real estate business and how he helps build homes for children around the world.
  • What Physician Home Loans are all about and who is a good candidate for them.
  • How to find Physician Specific Home Loans easily and for free!
  • 1099 vs W-2 and how it affects your ability to get a home loan.
  • How lenders can sell off your home loan and what that means to you.
  • What a portfolio loan is and how they can help you get qualified.
  • Do you really need 20% down to qualify for a home loan?
  • What an ARM loan is and when you should ever consider one.
  • How closing costs are affected by having a Physician Home Loan.

Peter Kim, MD attended the University of Maryland School of Medicine and then completed his anesthesiology residency at the University of Southern California. He currently practices in the Los Angeles area.

Links we discussed in the show:

  • To find out more about Physician Specific Home Loans check out Curbside Real Estate.
  • Passive Income MD is Peter’s blog where he shows physicians how to pay off debt, start saving and investing your income, and how to get started building passive income.
  • He is also a member of the White Coat Investor Network.
  • To learn more about one of the charities Peter supports through his business, check out:
  • Check out the documentary Peter recommends about the 2008 Mortgage Collapse: Inside Job.

Special thank you to this week’s show sponsor: Johanna Fox Turner at Fox & Company Wealth Management.

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