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Achieving Success in Private Practice and Real Estate with Dr. Garth Hatch
Manage episode 342359683 series 3394108
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Dr. Garth Hatch is an endodontic specialist who served in the U.S. Army Dental Corps for 7 years. The military got his feet wet in real estate when they moved to South Carolina and bought their first house. After a year, they rented it out and bought another house. Then they found a foreclosure in Georgia, rehabbed it, lived in it, and rented out the basement. Eventually, they sold that house and pocketed $75,000. That started his journey to achieving success in private practice and real estate.
When he was in the military, he used his downtime to educate himself and read books about business, growth, and marketing. His lifetime goal was to own a business, so he got out of the military and started his private practice. Despite making many mistakes and facing challenges in the dental market, Dr. Hatch grew his business by 60% in the first year. Because they had grown so fast, many people came to him for advice. And so he launched a consulting business called Dental Specialist Institute, LLC. Listen now to learn more about him and how he achieved success as a doctor and entrepreneur!
Key Points from This Episode
- Studying dentistry and training in the military.
- Getting into real estate.
- Purchasing his first property.
- Serving in Germany for three years as Chief Endodontist.
- Leaving the military and starting his own practice.
- Growing the business by 60% in the first year.
- Buying a 33-acre cherry orchard and doing farming for four years.
- Starting a consulting business called Dental Specialist Institute, LLC.
- Venturing into commercial real estate.
- Joining GoBundance Mastermind in 2021.
- Purchasing four single-family units, a short-term rental, and two more properties.
- Investing in mobile home parks.
- Dr. Hatch’s mindset is to focus on the business that makes you money.
- Dr. Hatch’s advice to medical practitioners who want to start their business, real estate, or other passive income.
- What’s next for Dr. Hatch?
Links Mentioned:
The Millionaire Real Estate Investor Paperback – April 7, 2005 by Gary Keller
Traction: Get a Grip on Your Business by Gino Wickman
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork
by Dan Sullivan, Dr. Benjamin Hardy, et al.
BiggerPockets Real Estate Podcast
Dr. Gart
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
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