🎙️ 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗯𝗮𝗰𝗸 𝘁𝗼 𝘁𝗵𝗲 𝗣𝗵𝘆𝘀𝗶𝗰𝗶𝗮𝗻𝘀 𝗮𝗻𝗱 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 𝘄𝗶𝘁𝗵 𝗵𝗼𝘀𝘁 𝗗𝗿. 𝗔𝗹𝗲𝘅 𝗦𝗰𝗵𝗹𝗼𝗲.

💡 What if the thing holding most physicians back from real estate isn’t money… but the belief that “we’re just doctors” and the fear of stepping into rooms where we’re not the expert?

In today’s episode, I’m joined by Dr. David Namazy—physician, medical director of a vascular center in Southern California, and real estate investor/operator with projects across Texas and Southern California.

David has gone from “first duplex to learn” → ADU development → capital raising → now leading strategic partners on a 52-unit ground-up multifamily project in San Diego.

And yes… the numbers are wild:
✅ $2.5M raised in ~3 weeks (right around Christmas)
✅ $3M raised in ~4 weeks to buy land
➡️ now moving into phase two to build the 52 units.

This conversation is a masterclass in the physician-to-operator evolution—mindset, leverage, relationships, and executing in the margins.

🔥 𝗪𝗵𝗮𝘁 𝘆𝗼𝘂’𝗹𝗹 𝗹𝗲𝗮𝗿𝗻:

✔️ David’s origin story: why real estate became the “next mountain” after medicine
✔️ How his wife (also a physician + entrepreneur) pulled him into real estate through one podcast episode
✔️ Why investing in education/community is a mindset shift for physicians (asset vs liability)
✔️ The “duplex first” strategy—and why small deals build big investors
✔️ The real mindset shift physicians must make to succeed in entrepreneurship
✔️ How David pivoted from Texas rentals to building in Southern California
✔️ ADUs explained + what makes a great ADU property (parking, access, lot layout)
✔️ Real ADU numbers in coastal San Diego (and why it can create 10%+ cash-on-cash)
✔️ Why raising capital is scary… and why it’s also one of the biggest ways you can serve others
✔️ The truth about scaling: it’s the who, not the how (partners, operators, teams)

🔥 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:
✅ Physicians underestimate themselves—if you survived training, you can build wealth in real estate.
✅ The first deal isn’t about perfection… it’s about taking the training wheels off.
✅ ADUs are one of the few ways to create meaningful cash flow in high-appreciation markets like SoCal.
✅ Capital raising becomes possible when you have trust, a strong team, and repeatable execution.
✅ Doctors don’t have to choose: real estate can make you a better physician, spouse, and parent.

🎧 𝗟𝗶𝘀𝘁𝗲𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗲𝗽𝗶𝘀𝗼𝗱𝗲 𝗻𝗼𝘄.

Connect with Dr. David Namazy:

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If you want to learn how investing in real estate can give you the freedom to practice medicine and live life how you want then check out the links below:

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How To Build ADUs For Cash Flow in California With Dr. David Namazy