The “Two Door” Strategy: How Just a Couple Rental Properties Can TRANSFORM Your Life with Rachel Gainsbrugh

Sep 3, 2024

Dr. Rachel Gainsbrugh, a pharmacist turned real estate investor, shares her inspiring journey from $500,000 in student debt to thriving as a mid-term rental investor. She discusses her innovative 'two-door' strategy, emphasizing that owning just two rental properties can significantly enhance financial freedom. Rachel reveals her effective marketing tactics that attracted high-paying tenants and introduces her 'COVER' framework for lucrative deals. She also touches on her dream of a wellness retreat in Portugal and her upcoming Netflix show, "Buy My House."

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ANECDOTE

From Haiti to Pharmacy

Rachel Gainsbrugh, originally from Haiti, pursued education to escape the inner city of Miami.
She earned a doctorate in pharmacy, accumulating nearly $500,000 in student loan debt.

ADVICE

Ramsey vs. BiggerPockets

Dave Ramsey's methods are suitable for individuals overwhelmed by debt and lacking financial literacy.
However, explore alternative wealth-building strategies once debt is manageable.

ANECDOTE

First Investment Success

Rachel's first real estate investment was a short-term rental in her local market.
Within 30 days, she rented the four-bedroom property for $6,000 monthly with a $1,500 mortgage.

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Dr. Rachel Gainsbrugh is a pharmacist turned real estate investor who helps busy professionals escape the daily grind using her signature “two-door” rental strategy.

In this episode, Rachel shares how she went from drowning in $500,000 of student loan debt to becoming a highly successful mid-term rental investor with a portfolio that funds her dream of running a wellness retreat in Portugal.

Rachel also talks about:
- Her “COVER” framework for landing lucrative deals
- Why bigger isn’t always better in rental properties
- The tax strategy that accelerated her path to financial freedom
- The marketing tactics she used to land $22k/month tenants
- Her upcoming Netflix show, “Buy My House”

Books Mentioned:
- Who Not How by Dan Sullivan
- The ONE Thing by Gary Keller and Jay Papasan
- The Book on Rental Property Investing by Brandon Turner

Connect with Rachel:

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

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

TikTok: https://www.tiktok.com/@luxury_str_doctor

Connect with Brandon:

📸 Instagram: https://www.instagram.com/beardybrandon

💻 BetterLife Tribe, Brandon’s Real Estate Investing Mastermind: https://abetterlife.com/

📸 BetterLife Tribe’s Instagram: https://www.instagram.com/betterlife/

💻 OpenDoor Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/

📸 OpenDoor Capital’s Instagram: https://www.instagram.com/opendoorcapital/

Connect with Cam:

📸 Instagram: https://www.instagram.com/cam.cathcart/

💻 Deal Flow Real Estate, Cam’s Real Estate Investing Mastermind: http://dealflowrealestate.com/

💻 Revel City HomeBuyers, Cam’s Real Estate Investing Company: https://revelcityhomebuyers.com/

📸 Revel City HomeBuyers’s Instagram: https://www.instagram.com/revelcityhomebuyers/

Rachel’s charitable cause (100% of ad revenue goes here):
- Mona Foundation: Helping women in underrepresented countries with financial literacy, gender equality and community transformation.

🙏 SHOW SPONSORS

• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/turbotenant_pod Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod

• BallPoint Marketing: These guys know how to find deals… BallPoint Marketing is the leader (and the company that I use) for all things direct mail marketing! They’ll write the postcards, send them out, build out a CRM, and even field the calls for you! All you have to do is go to https://go.abetterlife.com/bp_pod for a strategy call and a discount!

Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe