Episode 145: The Unfair Advantage Every Doctor Has (Use It!)

Episode Summary: Can a mother of FIVE really build a $400M real estate empire… and leave medicine behind for good? Yes, she can — and yes, she did. In this power-packed episode, Dr. Rachel sits down with Dr. Elaine Stageberg, a psychiatrist turned full-time investor, to talk about how she and her husband built Black Swan Real Estate from one duplex to hundreds of units — all while raising five children, managing a business, and doing it her way. This episode goes deep into building cash flow freedom, vertical integration, embracing multiple identities as a physician-entrepreneur, and how to create harmony when it feels like you're fighting for your life in these internet streets 😂 💡 Key Takeaways - Why vertical integration can 20x your returns - How Dr. Elaine's burnout during COVID pushed her to walk away - The biggest mindset trap keeping physicians stuck - How she spun up 50 short-term rentals in one year - Medical tourism explained (and why it’s a niche worth knowing) - Why you NEED help at home to thrive professionally - How to use your clinical training to dominate in business 🧠 Timestamps 00:00 Welcome + Dr. Elaine intro 02:00 The Subway meltdown + quitting medicine during COVID 04:30 “Why am I inflicting this pain on myself?” 06:00 Married + one spouse leaving first: the bigger leap 08:00 The ONE mindset shift doctors MUST adopt 10:00 You can be both: doctor AND entrepreneur 13:00 From $1M cash-out refi to $10M multifamily deal 16:30 Growing into 400M+ assets under management 20:00 How pain pushed them into short-term rentals 22:00 Spinning up 50 STRs in under a year 24:00 Breaking down vertical integration 28:00 Medical tourism: a forgotten STR niche 32:00 Furnishing every unit the same: The Guesty hack 36:00 Hiring help at home (and how it made her richer) 40:00 The CRAZIEST real estate story — you won’t believe this 😳 47:00 Final word on burnout & infinite thinking 📚 Resources & Mentions - MeetBlackSwan.com - Book: The Infinite Game by Simon Sinek - Software: Guesty Multi-Unit for STR auto-booking logic 🎁 FREE RESOURCES - Download the ""75 Gems"" Training: shorttermgems.com/75gems - Join Our Community: facebook.com/groups/422973842093365 - Follow Us on Instagram: instagram.com/short.term.gems - Visit Our Website: shorttermgems.com - Book a Strategy Call: shorttermgems.com/book - Listen to the Podcast: shorttermgems.com/podcast 💬 Leave a review below with your thoughts and questions! 🔔 Subscribe to our channel for more inspiring stories and real estate tips! 📱 Follow us on social media for daily updates and exclusive content! Stay connected and let us help you unlock your real estate success! 🚀