Comments on: Just Let the Dentists Build Their Dental Practice Already! http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/ Jim Du Molin offers dental marketing news and dental practice management advice for dentists. Wed, 08 Feb 2012 20:57:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Francis Tsao, MD http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3530 Francis Tsao, MD Wed, 21 Oct 2009 15:14:47 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3530 Just curious, what sort of pre-purchase due diligence would have revealed this sort of opposition from their neighbors? could a pre-purchasse consultation with a local real estate lawyer have pointed out this risk? Just curious, what sort of pre-purchase due diligence would have revealed this sort of opposition from their neighbors?
could a pre-purchasse consultation with a local real estate lawyer have pointed out this risk?

]]> By: Jim Williams http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3493 Jim Williams Mon, 12 Oct 2009 13:37:58 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3493 This is so common here in Austin. Sounds like they are on pretty solid ground for their case. Let's hope that there hasn't been enough ill will generated to hurt their practices. Probably, not since these things are usually driven by a very small number of activists. This is so common here in Austin. Sounds like they are on pretty solid ground for their case. Let’s hope that there hasn’t been enough ill will generated to hurt their practices. Probably, not since these things are usually driven by a very small number of activists.

]]> By: Julie Frey http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3478 Julie Frey Thu, 08 Oct 2009 00:27:50 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3478 Wow... Thank you, Keith, for adding some off-color -- and yet totally on-point -- humor to our blog! Wow… Thank you, Keith, for adding some off-color — and yet totally on-point — humor to our blog!

]]> By: Keith Borglum CHBC http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3476 Keith Borglum CHBC Wed, 07 Oct 2009 14:48:47 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3476 Here's an old Realtor's joke: Q: What's the difference between a medical office condo and a venereal disease? A: You can get rid of a venereal disease again! ;-) The underlying issue being that high-cost specialty improvements requires specialty buyers whom are less common than others. What lawyer, CPA or architect would want a sink in his office? If you buy your office, you also put your investment egg in with your professional egg in your financial basket, with less diversification. If you buy/build a dental office, plan to stay in it at least 10-15 years. Consider getting a 4-plex, shared with a family doc, chiropractor and a dermatologist for cross-referral traffic and to reduce your specialty risk tied to your real estate risk. -- Keith C. Borglum CHBC Licensed Medical Practice Broker & Appraiser Lic#s: CA-00767129 FL-BK3206346 Certified Healthcare Business Consultant (CHBC) Professional Management & Marketing, 3468 Piner Rd, Santa Rosa CA 95401-3954 ph (707) 546-4433 fax 546-4437 Web Page at http://www.MedicalPracticeAppraisal.com CV/Credentials at http://www.MedicalPracticeAppraisal.com/kbcv Member: Institute of Business Appraisers; National Society of Certified Healthcare Business Consultants; Industry Expert in Medical Practice Valuation: Business Brokerage Press; Author:Medical Practice Valuation Appraisal Guidelines & Workbook by PSR Inc.2006 Here’s an old Realtor’s joke:

Q: What’s the difference between a medical office condo and a venereal disease?

A: You can get rid of a venereal disease again! ;-)

The underlying issue being that high-cost specialty improvements requires specialty buyers whom are less common than others. What lawyer, CPA or architect would want a sink in his office?

If you buy your office, you also put your investment egg in with your professional egg in your financial basket, with less diversification. If you buy/build a dental office, plan to stay in it at least 10-15 years. Consider getting a 4-plex, shared with a family doc, chiropractor and a dermatologist for cross-referral traffic and to reduce your specialty risk tied to your real estate risk.

–

Keith C. Borglum CHBC
Licensed Medical Practice Broker & Appraiser Lic#s: CA-00767129 FL-BK3206346
Certified Healthcare Business Consultant (CHBC)
Professional Management & Marketing, 3468 Piner Rd, Santa Rosa CA 95401-3954
ph (707) 546-4433 fax 546-4437
Web Page at http://www.MedicalPracticeAppraisal.com
CV/Credentials at http://www.MedicalPracticeAppraisal.com/kbcv
Member: Institute of Business Appraisers; National Society of Certified Healthcare Business Consultants;
Industry Expert in Medical Practice Valuation: Business Brokerage Press;
Author:Medical Practice Valuation Appraisal Guidelines & Workbook by PSR Inc.2006

]]> By: Dr. Charles Wolfe http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3474 Dr. Charles Wolfe Wed, 07 Oct 2009 13:32:54 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3474 I agrre with Ronn 1000%. Remember the old saying"What do you cal a lawyer in the bottom of the ocean?"................."A GOOD START". I agrre with Ronn 1000%. Remember the old saying”What do you cal a lawyer in the bottom of the ocean?”……………..”A GOOD START”.

]]> By: Ronn Gibb http://www.thewealthydentist.com/blog/1074/dental-practice-petaluma/comment-page-1/#comment-3473 Ronn Gibb Wed, 07 Oct 2009 13:28:58 +0000 http://www.thewealthydentist.com/blog/?p=1074#comment-3473 As a Canadian, I have always said that the American legal system encourages this sort of frivolous lawsuit. Since there is no consequence to those who file suit against another and lose, anyone who has any complaint will take it to court. And who wins? The lawyers. And who makes or changes the laws? The lawyers. If those who filed suit against someone and lost that suit and had the consequence of having to pay the legal fees and damages of the defendant, I think there would be much less of this kind of stupid lawsuit that we see so often "down south." IMHO. As a Canadian, I have always said that the American legal system encourages this sort of frivolous lawsuit. Since there is no consequence to those who file suit against another and lose, anyone who has any complaint will take it to court. And who wins? The lawyers. And who makes or changes the laws? The lawyers. If those who filed suit against someone and lost that suit and had the consequence of having to pay the legal fees and damages of the defendant, I think there would be much less of this kind of stupid lawsuit that we see so often “down south.” IMHO.

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