Episode #253

20/20 Money Episode #253 – Making the Right Decisions and Avoiding Mistakes With Commercial Real Estate With Mike Jorgenson of Carr Healthcare Realty

September 11, 2023

Welcome to this episode of 20/20 Money! My guest on today’s show is Mike Jorgenson with Carr Healthcare Realty. Mike joins me on the show to discuss all things real estate and optometric practices and we discuss many different aspects of real estate. We talk about evaluating the location of your practice, buying vs leasing, the timeline for buildouts, why it’s a mistake to just call the number that’s in the window of a space for lease, the size of space to consider when thinking through the growth plans of your practice, and many other topics.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our monthly “planning life on purpose” newsletter that’s filled with tips and ideas to help you plan life on purpose. You can also set up a Triage conversation to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions both in and out of their practice to help them live their best life on purpose. You can also check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars. Lastly, if you’re interested in learning more about the upcoming launch of the 20/20 Money Membership, please check out the link in the Resources to learn more about what we have in store for you!

And with that introduction, I hope you enjoy my conversation with Mike Jorgenson.

Start Planning Today

Don’t miss out on exclusive access to financial tips, strategies, and expert-led webinars. Subscribe to the “Planning Life, On Purpose” newsletter today and stay ahead of the planning curve!

Resources:

20/20 Money Community Information

Episode Transcript

Enjoy our content? Subscribe for regular updates!

Related Podcasts

  • Buy or Sell a Practice, Practice Management
The benefits of shifting your mindset from practice owner to CEO (and the 3 numbers to measure daily) with Dr. Brianna Rhue, OD

So much of business ownership is about your mindset. So what happens when you take the cognizant approach to shift…

  • Buy or Sell a Practice
20/20 Money Episode #362: Finding the right buyer: a PE sale built on trust, not just numbers, with Dr. Adam Bryan

Dr. Adam Bryan shares his journey of transitioning his optometry practice through a private equity sale. He discusses the evolving…

  • Buy or Sell a Practice
20/20 Money Episode #360: The legal side of selling to PE: setting expectations the right way with Dr. David Cohen

Let’s discuss the legal intricacies of exiting a practice, particularly in the context of private equity transactions. On this episode,…

  • Buy or Sell a Practice
20/20 Money Episode #359: Selling with integrity: Dr. John Abbondanza’s journey of ownership up to and through a sale to private equity

Selling to PE can be conflicting for some owners. On this episode, Dr. John Abbondanza discusses the decision-making process, the…

  • Buy or Sell a Practice
20/20 Money Episode #357 – Is an 8x multiple on a $1M EBIDTA a good deal? A transition convo with Nathan Hayes

Welcome to this episode of 20/20 Money! My guest on today’s show is Nathan Hayes. In this episode, we discuss…

  • Buy or Sell a Practice, Practice Management
20/20 Money Episode #356 – How OD practice owners should think about long term care insurance with Bryan Langdon, CLU

Long term care (LTC) is a complicated, misunderstood, and emotional topic for any family to discuss. Even if you’re a…