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

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