Reply to dont send your kids to dental school!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I always figured that for dental and vet school you need a rich parent that can buy everything up front. [/quote]

You don’t need to spend the money to open your own office right after graduation. It isn’t even advisable. [b]You take over your dad's practice.[/b] [/quote]

Fixed that for you.

It's a nepo world, the rest of us just live in it. [/quote]

DP +1

All Gen Y dentists I know take over their parents private practice.[/quote]

It's funny, we have been going to our dentist for 20 years, he is excellent.  He was taking over his dad's practice when we started, and we saw his dad a couple times during the maybe 5 years he was still there- he was not a very nice guy!  But the current one is great.  [b]Doesn't seem like any of his kids are going to take it over, interestingly.[/b][/quote]

They could own the office and hire out chairs to young dentists. Being a landlord and rent seeker is way easier than going to dental school. Run it lean and they could flip the entire practice to private equity for a 7-10x multiple of annual billings. Wait until dad dies so the heirs get the step-up in basis.

The hardest part of being a dentist is finding commercial RE that will allow you to run a practice. No one wants to rent to a dentist. My ex's parents (mom - GP, dad - dentist) had to buy a piece of land in CT and build a mixed use medical building because dad couldn't find anywhere that would let him run a dental practice. All the dentists are crammed into the same 3-4 office bldgs in downtown DC. [/quote]

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