Real Estate Mogul, M.D.

S3 E48 Long-Term Vision, Short-Term Rentals: Designing your own freedom with Dr. Gelerie Stenbakken

Season 3 Episode 49

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Gelerie Stenbakken shares her journey from being a busy anesthesiologist to achieving financial independence through real estate investing. She discusses the mindset shift that led her to explore secondary income streams, the transition from long-term to short-term rentals, and the challenges faced along the way, including contractor issues. Gelerie emphasizes the importance of work-life balance, the lessons learned from her experiences, and offers valuable advice for aspiring real estate investors. She reflects on the significance of being present in life and the continuous pursuit of personal and professional growth. 

Takeaways  

  • Gelerie Stenbakken transitioned from a busy medical career to real estate investing. 
  • The mindset shift was crucial for exploring new income streams. 
  • Short-term rentals became a focus after initial long-term investments. 
  • Health challenges prompted a reevaluation of life priorities. 
  • Navigating contractor issues taught valuable lessons in real estate. 
  • Understanding the financial metrics is key for successful investments. 
  • Flexibility in work hours allows for a better work-life balance. 
  • It's important to define what 'enough' means personally and financially. 
  • Continuous growth and adaptation are essential in real estate. 
  • Building relationships and networking can lead to new opportunities. 

Important Links:

Instagram: https://www.instagram.com/winningwithrei/
Linkdein: https://www.linkedin.com/in/geleriestenbakken/
Website: https://eriks-academy.teachable.com

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