Dr. Mark Mckenna: Investing and Surviving

Raised around the medical practice of his doctor father, Dr. Mark Mckenna wanted to practice medicine since he was a child. He ended up attending Tulane University and getting his medical degree, working for five years at his fathers practice before leaving medicine for real estate investing.

Dr. Mark Mckenna began investing in real estate while still attending Tulane. He learned there that many of his conceptions of the medical field were incorrect. It was going to much more difficult to get a job in medicine than he thought it would be, and the pay was nowhere near where he thought it would be. To gain a second revenue stream he wanted to get into real estate. He moonlighted in a prison doing check-ups on inmates to gain the capital to begin investing. Forming Mckenna Venture Investing he began to build a real estate portfolio.

Dr. Mark Mckenna found he enjoyed real estate more than medicine and after five years working at his fathers practice he left to devote himself to real estate full time. Mckenna did quite well in real estate, earning over $500.000 a year from his $5 million portfolio. He enjoyed real estate, finding it rewarding and fascinating.

But when Hurricane Katrina hit in 2005, Dr. Mark Mckenna was almost left broke. As with the majority of the city, his properties were mostly devastated in the disaster. Nearly wiped out himself, Mckenna decided to stay in the area and help rebuild by buying and fixing damaged properties and re-selling them. Things were looking up again after near-total disaster.

The looming housing market crash was still to come, but Mckenna saw it coming when he observed too many questionable mortgages being approved. Wanting to avoid another potential disaster, he divested from real estate and went back to medicine- as an investor.

Initially investing in ShapeMed, a clinic he helped turn into a network and then sold, Mckenna’s current venture is OVME. An online app for ordering Botox injections to your home, OVME seeks to streamline the Botox process for patient and doctor alike to the convenience of both.

https://www.healthcareguys.com/2018/06/13/how-dr-mark-mckenna-went-from-natural-disaster-to-ovme-launch/

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