“Real estate” finds people in a lot of interesting situations.  A very blue collar individual may find themselves “partners” on a real estate project with a very successful surgeon.

Rich doctor puts up the money.  Blue collar carpenter puts in the sweat equity.  They both split the profits.

Now would next statistic surprise you?

If you’re a doctor in a high risk specialty the odds of facing a lawsuit at some point in your career is 99%.

Do you want to be “partners” with someone who will very likely face a lawsuit?

In fact, some specialty doctors have a 19% chance of being sued – THIS YEAR!  Do you want to have your property or your profits tied up in litigation?

Still interested in “partnering” with the rich doctor?

I recently saw an online quiz.  No, not the kind that tells you what super-hero you would be.  This quiz had you answer questions about how high of a risk you were for being sued.

You would be surprised how many things we do as real estate investors that puts us into a high risk category.

For instance – tenants.

We were told to add 2 points – for every tenant.

Luckily, there is insurance that helps protect you from high risk situations, but let’s leave the rest of the conversation for tomorrow evening at WREIA.