From Making $28,000/Year to Quitting Her W2 in 5 YEARS with Rentals | Bigger Pockets Video
Episode #546
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Could rentals give YOU financial freedom? Today’s guest took a giant leap of faith to invest in real estate, and it allowed her to quit her low-paying W2 job in just five years. If you’ve yet to take the first step in your investing journey, this rags-to-riches story will inspire you to get off the sidelines and into the game!
Welcome back to the “Real Estate Rookie” podcast! Earning just $28,000 a year as a lab tech and struggling to pay rent on a property she didn’t even own, Deandra McDonald was determined to buy a house and enjoy the long-term benefits of owning real estate. But when her lender told her she couldn’t qualify for a mortgage, Deandra did what so many aspiring investors are unwilling to do—she cut out ALL unnecessary spending to pay off her debts, rebuild her credit, and save for a down payment. In just 18 months, she was able to buy her first house—all while working the same low-paying job!
And that’s just the beginning of Deandra’s story. After realizing that renting out a room in her new home could cover her mortgage payment, she caught the multifamily investing bug. Fast forward to today, and Deandra has built a multimillion-dollar real estate portfolio. Tune in to find out exactly how she did it and how you can copy her success!
00:00 Intro
02:58 Deandra’s BIG Wake-up Call
09:23 Buying Her First Property
13:39 The Pivot to Multifamily
16:28 Scaling Her Portfolio
20:57 Funding Multiple Deals
25:47 The Motel Conversion
28:29 Self-Management 101
34:02 What Is “Enough”?
37:33 Leaving Her W2 Job
39:46 Connect with Deandra!
