WCI #111: Investing in Airbnb Rentals with David Draghinas
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 20 June 2019
⏱️ 69 minutes
🧾️ Download transcript
Summary
Dr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiring stories about doctors doing extraordinary things. But in this interview I asked Dr. Draghinas about something extraordinary that he is doing. They converted one of their rental properties to a short term rental, then bought another luxury rental property, and rent both out as short term rentals through Airbnb and VRBO. These properties, managed by his wife, have done extremely well and they now consider themselves financially independent. To learn more about how to achieve FI through short term rentals listen to this episode as Dr. Draghinas shares what he has learned through this experience. Read the show notes at https://www.whitecoatinvestor.com/ Remember that the registration for the next Physician Wellness and Financial Literacy Conference, WCICON20, opens at 7pm MST on July 8th. Put the date in your calendar so you don't miss out on this opportunity.
Are you a member of the WCI Facebook group? We've been doing some Facebook Live events in the group where I've been answering your questions live. That has been a lot of fun so join that group if you haven't. https://www.facebook.com/groups/whitecoatinvestors/
Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This is White Coat Investor Podcast Number 111, investing in Air B&B rentals with David Draginas. |
| 0:24.8 | Did you know that the White Coat Investor not only has a podcast and a blog, but several books |
| 0:28.9 | that will help you on your way to financial independence. |
| 0:31.7 | These books cover topics such as asset protection and minimizing your taxes to keep more of your |
| 0:35.9 | hard-earned money. |
| 0:37.3 | They discuss plans for insurance, housing, spending, student loan elimination, investing, and estate planning. |
| 0:44.0 | You can learn how to become a millionaire within five to ten years of leaving residency and |
| 0:47.6 | how to invest in a sensible low cost and effective manner with or without the assistance |
| 0:52.0 | of a financial advisor. |
| 0:53.2 | There's even a book geared directly toward medical and dental students so you can start |
| 0:56.9 | optimizing your finances early in your professional journey. |
| 1:00.0 | Find the book that is right for you at the WCI store at shop. |
| 1:03.7 | Whitecoat investor.com or on Amazon. |
| 1:06.8 | You can do this and the Whitecoat investor can help. |
| 1:09.4 | Thanks for what you do by the way. |
| 1:11.2 | Medicine is not an easy job, it is not an easy way to earn money. It is not even a |
| 1:16.3 | short road to wealth. It's a very long road to wealth. And so thank you for doing that. As we're going to learn in today's |
| 1:22.4 | podcast, there are shorter roads to becoming wealthy. |
| 1:26.0 | And so those who have sacrificed their 20s, sometimes half their 30s, to learn how to be a doctor, |
... |
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