Issue link: http://viewer.e-digitaledition.com/i/864048
BY STEVE BARRETT BUY A HOME IN THE RIGHT LOCATION, GOES THE TIMEHONORED ADVICE. BUT ACCORDING TO PHYSICIAN FAMILY FINANCIAL ADVISORS, IT IS ALSO VITAL FOR PHYSICIANS PURCHA SING A FIRST HOME TO GE T THE TIMING RIGHT. LOCATION, LOCATION ... TIMING THE CALCULUS CAN be complicated because of the unusua l f ina ncia l circumsta nces of newly minted physicia ns: They ty pica lly have little income histor y a nd a lot of debt, but high ea rning potentia l. Buy ing a home a s soon a s possible is tempting, Oregon- based Physicia n Fa mily Fina ncia l Advisors acknowledges. However, if a prov ider is not cer ta in he or she w i l l be in a g iven•ma rket long-term, that is risky. The investment could sou r i f t he• physicia n decides to move a nd d iscovers t he a rea's rea l estate ma rket ha s gone south a nd the mor tgage is under water. A good rule of thumb for physicia ns is to purchase a f irst home when they a re conf ident they will rema in in the a rea a minimum of seven yea rs. Ty pica lly, that mea ns they will have completed residency a nd a fellowship. A nother da nger is buying nea r a good school as soon as the physicia n a nd his or her spouse lea rn they will be having a baby. The t heor y is t hat t his w i l l prov ide a n educationa l adva ntage for the child. A w iser option: Buy when the chi ld nea rs kinderga r ten age. This offers some protection aga inst the possibilit y that a good school will not rema in good. ■ MEDICAL OFFICE SPACE FOR LEASE AT VICKERY CENTER, LIVERPOOL, NY 3400 Vickery Road, Liverpool, NY Property Highlights • MEDICAL OFFICE USE • 1,200 ± SF OR 3,800 ± SF Available • One mile from North Medical Center • Potential access to the surgery center for tenants • Attractive, completely refurbished office building • Very generous build out allowance • Convenient access to I-81 and I-90 • Why settle for existing or modified office layout? Design the layout to precisely meet your needs. 3,800± SF Medical Office Space for Lease Vickery Center is currently home to Eye Plastic & Reconstructive Surgeon's Office Dr. Rene Melfi and Syracuse Surgery Center For more information, please contact: Associate Real Estate Broker 315.445.8529 • gcottet@pyramidbrokerage.com 5786 Widewaters Pkwy., Syracuse, NY 13214