Building Wealth Through Real Estate with Dr. Rachel Gainsbrugh

Success in real estate requires more than property acquisition—it demands strategic thinking, calculated risk-taking, and disciplined execution. Real estate is a vehicle of wealth creation that offers ordinary individuals the opportunity to build financial security and generate lasting prosperity. Unlike other investment avenues, real estate provides tangible assets that can be leveraged for rental income or sold for substantial profits.

However, achieving success in real estate goes beyond simply buying properties. It involves careful planning and strategic decision-making in providing a space for relaxation, reflection, and wellness. By leveraging real estate investments wisely, ordinary individuals can unlock opportunities for financial security and prosperity that extend far beyond traditional investment avenues. Hence, investors must understand market trends, assess property value, and manage properties effectively to maximize returns. Simply acquiring real estate isn't enough; it's about leveraging opportunities and managing assets wisely to realize the full potential of real estate investments.

Dr. Rachel Gainsbrugh is a full-time mother, wife of eighteen years, pharmacist, CEO, and founder of Short-Term Gems. She has established herself in the market as a Luxury Short Term Rental host and coach for busy professionals. Born in Haiti—the poorest country in the Western Hemisphere- and raised in Miami's inner city. Dr. Gainsbrugh was driven to make a difference and not take her parents' sacrifices for granted. She is an immigrant who took a small rental

and built it into a multi-property seven-figure real estate business. She has been hosting since 2019 and serves guests in vacation rental markets and those who need short-term housing rentals for business. Today, Dr. Rachel is a healthcare professional by day, a short-term rental investor by night, and a mom 24/7.

In this episode with Dr. Rachel, we will learn about the transformative power of real estate investments in achieving financial freedom. Dr. Rachel's journey from pharmacist to successful real estate entrepreneur exemplifies how strategic investments and thoughtful management can pave the way to significant financial milestones. Dr. Rachel emphasizes the critical role of education and networking in real estate success. Through ongoing learning, mentorship, and collaboration with industry experts, she has honed her investment strategies and adapted to evolving market conditions. Tune in for an inspiring discussion on the potential of real estate investments and how you can leverage this to achieve your own financial freedom.

"I want to create a luxury retreat on an island where burnt-out doctors can come to me completely burnt out and they leave me feeling rejuvenated so that they're able to go back into the healthcare space." – Dr. Rachel Gainsbrugh

Topics Covered:

(00:00:35) Welcoming our special guest, Dr. Rachel Gainsbrugh

(00:03:03) Guest-care in real estate

(00:06:09) Shifting away from healthcare

(00:08:25) Vision for Retreats and Philanthropy

(00:11:32) Short-term Rental vs. Midterm Rental

(00:13:01) Quality Over Quantity in Rentals

(00:15:52) Advertisement: Are you prepared for life's unexpected challenges? Dr. Stephanie Pearson and her team of skilled advisors at Pearson Ravitz are here to help you guard your most valuable asset. Go to https://pearsonravitz.com/ to make sure you are protected today.

(00:16:40) Property evaluation in real estate investment

(00:20:02) The importance of seeking expert assistance.

(00:22:38) Stick to What You're Good At

(00:24:32) Benefits of Midterm Rentals

(00:27:40) Final TimeOut with Dr. Rachel Gainsbrugh: The Three Cs of Luxury Rentals

(00:30:01) Connect with Dr. Rachel Gainsbrugh

Key Takeaways: 

"A lot of burnouts are caused by you feeling that you always have to do things instead of wanting to do things and the paperwork and all the different parts of being a physician." – Dr. Rachel Gainsbrugh

"Many times, people think owning more real estate is better, but that's not how you approach things you were trying to do quality over quantity." – Dr. Derrick Burgess

"Without evaluating the value proposition that you could bring to a particular marketplace, the product and customer care is going to suffer." – Dr. Rachel Gainsbrugh

"Many people will try to sell properties at the price that they want to sell them at but if you don't know how to look at the numbers and evaluate the property, you can buy a property and be losing money on it from day one." – Dr. Derrick Burgess

"Whenever I put my mind to something and I'm not getting to where I want to get to, it's typically because I haven't partnered with the right person to help me get there." – Dr. Rachel Gainsbrugh

"If you're procrastinating on something over and over again, it means you weren't meant to do it, you're supposed to outsource that find someone else to do it on your behalf." – Dr. Rachel Gainsbrugh

"You don't have a problem if you can afford the solution." – Dr. Rachel Gainsbrugh

Connect with Dr. Rachel Gainsbrugh:

Website: https://www.shorttermgems.com/

Twitter: https://twitter.com/GratefulPharmD

Facebook: https://www.facebook.com/groups/422973842093365

Instagram: https://www.instagram.com/short.term.gems/

LinkedIn: linkedin.com/in/dr-Rachel-gainsbrugh

YouTube: https://www.youtube.com/channel/UCqbd6q_YI8KI-zyTeBgMjnQ

Connect with Dr. Derrick Burgess:

Website: https://www.drderrickthesportsdr.com/

Instagram: https://www.instagram.com/drderrickthesportsdr/

Facebook: https://www.facebook.com/TimeOut.SportsDr

LinkedIn: https://www.linkedin.com/in/derrick-burgess-72047b246/

YouTube: https://www.youtube.com/channel/UCHGDu1zT4K_X6PnYELu8weg

Email: thesportsdoctr@gmail.com

This episode of TimeOut with the SportsDr. is produced by Podcast VAs Philippines - the team that helps podcasters effectively launch and manage their podcasts, so we don't have to. Record, share, and repeat! Podcast VAs PH gives me back my time so I can focus on the core functions of my business. Need expert help with your podcast? Go to www.podcastvasph.com.