Dr. Mark Mckenna is a medical investor, former real estate investor and doctor. His current investment project is OVME, an online app for ordering Botox injections to your door. By using home delivery OVME hopes to streamline the doctor and patients time by avoiding needles appointments for both.
Not always a medical investor, Dr. Mark Mckenna began his investing portfolio with real estate while still in medical school. He attended Tulane University and while there learned that some of his ideas on how the medical profession worked were wrong. It was going to be a lot harder for him to find work than he thought, and the pay was much less than he believed.
So Dr. Mark Mckenna began working extra hours as a check-up doctor for inmates at the local prison. Taking his pay from this, he began building his real estate portfolio. After graduating from Tulane with his medical degree, Dr. Mark Mckenna went to work at the practice owned by his father, also a doctor. But his experiences in real estate had been challenging and rewarding and Mckenna wanted to go into real estate full time. He quit his fathers practice and did so, becoming successful with a portfolio value of over $5 million.
But even in real estate there can be unpredictable things, such as the 2005 landfall of Hurricane Katrina. New Orleans, where Dr. Mckenna had his properties, was devastated. Mckenna’s portfolio was devastated as well, but rather than try and start over somewhere else he stayed in NOLA and helped rebuild by repairing damaged properties and re-selling them.
He was doing well with this venture when he noticed a trend that made him want out of real estate: He saw far too many questionable loans being approved that he knew would fail. Seeing the huge housing market collapse coming, he divested from real estate and entered medical investing.
Before OVME he invested in ShapeMed, a clinic he helped turn into a network and then sold to Life Time Fitness, Inc. for a nice profit. This helped his get the capital to invest in OVME.