{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"EP324 : Why Physicians Are Co-Investing in $55M Deals with a $12B Real Estate Giant","description":"This episode is sponsored by Lightstone DIRECT. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital \u2013 Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You\u2019re an institution. Time to invest like one. _____________  This Episode is also sponsored by Ryze Health Every minute counts in medicine\u2014so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit http:\/\/ryzehealth.com\/BootstrapMD today and see how simple running your practice can be. ______________  What if physicians could co-invest in $55M industrial parks alongside a $12B family office without $100K consultants or high-risk leverage?  In this insightful episode, Dr. Mike Woo-Ming  interviews Jonathan Spitz from Lightstone Direct, the new direct-to-investor arm of 40-year-old powerhouse Lightstone Group. Jonathan shares the firm\u2019s vertically integrated model (25K apartments, 12M sq ft industrial, 5K hotel keys), why they commit 20% of their own capital first (5-10x industry norms), and how physicians can diversify beyond stocks or DIY rentals. He breaks down direct vs. passive CRE, asset class pitfalls (office flops vs. industrial wins), and red flags like inexperienced managers or 85% debt. With examples like their Greenville industrial deal, Jonathan proves alignment and conviction drive better outcomes empowering busy doctors to build legacy wealth safely.  If you\u2019re a high-income physician eyeing real estate for tax efficiency and passive income, this is your guide to investing like institutions without the headaches. Three Actionable Takeaways:   Decide direct vs. passive: If time-strapped, skip hands-on rentals for platforms like Lightstone Direct, vet managers on track record, cycles navigated, and skin in game (aim for 20%+). Passive reduces risks like tenant concentration; focus on assets like industrial for steady returns over volatile office or retail. Qualify and evaluate: As accredited (200K\/300K income or 1M net worth), request decks\/PPMs\/operating agreements. Ask: Debt levels? Exit strategies? Risk mitigation? Compare projected IRRs realistically\u2014avoid 20%+ promises tied to high leverage. Prioritize alignment where sponsors invest heavily first for shared incentives. Start the process: Visit lightstonedirect.com or email jspitz@lightstonedirect.com for discovery calls. Define goals (income vs. growth, liquidity horizon). Use a special link lightstone.com\/dpn for Bootstrap MD listeners. Early incentives like 6% on parked funds make starting seamless, build long-term partnerships for 3-5 year holds. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it\u2019s your guide to building a profitable, fulfilling career.  Tune in weekly at  http:\/\/bootstrapmd.com   About the Guest: Jonathan Spitz is the Head of Capital Formation at Lightstone Direct, where he connects individual investors, especially physicians, to institutional-quality real estate opportunities. With over a decade of experience spanning brokerage, lending, and private equity, Jonathan has navigated multiple market cycles and capital-raising environments. He focuses on transparency, education, and aligned incentives, helping professionals understand how private real estate can diversify portfolios, reduce taxes, and build long-term wealth.   Website:  https:\/\/lp.lightstonedirect.com\/dpn Email:  jspitz@lightstonedirect.com  About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He\u2019s built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let\u2019s Connect: www.https:\/\/www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network! ","author_name":"BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming","author_url":"http:\/\/bootstrapmd.com","html":"