Have you ever wondered how investing in a short-term rental could generate a significant return on investment?
A well-known quote says, "Don't wait to purchase land; buy land and wait. Find out where the people are going and buy the land before they get there." Many people were scared of investing and became hesitant to try to put their hard-earned money into a business since returns aren't always guaranteed. However, it only depends on where you place your investment.
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 special episode with Dr. Rachel Gainsbrugh, we'll learn about the journey of an empowered Haitian pharmacist who pivoted to become a real estate investor. She aims to promote how to own and operate the fewest number of properties that generate the highest profitability. She made it her life's mission to influence the financial literacy of one million women.
"I want to encourage people to take advantage of now because now is the time. Sometimes you have to start by starting. We keep getting ready to start, but we only need to start moving forward." – Dr. Rachel Gainsbrugh
Topics Covered:
(00:00:00) Introduction + Episode Snippet
(00:00:12) Introducing our special guest, Dr. Rachel Gainsbrugh
(00:00:35) Advertisement: Obtain financial freedom with passive income! TimeOut with the SportsDr. teams up with Dr. Ronnie Shalev of Shalwin Properties to discuss things finance! Join Dr. Shalev's webinar or set up a 1-on-1 call; go to https://www.drderrickthesportsdr.com/sponsors.
(00:02:51) Status more than revenue: What led Rachel to become a pharmacist?
(00:04:22) How Rachel started stepping into entrepreneurship
(00:07:30) Student loans crisis: Zero financial literacy information
(00:08:58) A false sense of wellness: "Worry about it later."
(00:10:41) The need for a lifestyle adjustment
(00:11:52) A worker to being an investor
(00:12:19) The beginning of Rachel's interest in investing in real estate
(00:15:18) Short-term rental was a big win.
(00:18:31) Advertisement: Sabre Bats, the training bat that will take you to your next swing. Go to https://www.sabrebats.net to know more.
(00:20:11) Right buyer generates high-value revenue
(00:21:46) What defines a luxury rental?
(00:22:24) Three Cs of modern luxury travel: Communication, Connections, and Convenience
(00:25:00) King sized luxury bed is a default travel luxury bed.
(00:26:55) The article: "Fifteen Amenities that won't break a bank."
(00:27:27) How many times did Rachel replicate the process?
(00:28:04) Mentorship program: How do people learn from Rachel?
(00:28:40) Final TimeOut with Dr. Rachel Gainsbrugh: How do you advise a person doubting their ability to thrive?
(00:29:13) Take advantage of now: Start by starting.
(00:31:36) Connect with Dr. Rachel Gainsbrugh
Key Takeaways:
"As you gain more information, you get smarter, and you will want to work smarter and not harder. You can then leverage other opportunities." – Dr. Rachel Gainsbrugh
"Never in a million years can you make a six-figure salary and be able to save a lot if you don't adjust your lifestyle. Sometimes you need to give up your big house, big car trip, expensive food, etcetera." – Dr. Derrick Burgess
"If you don't find a way to make money while you sleep, you will work until you die." – 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
