Buying ONE Rental Changed My Life: 4 Years Later, I Quit My Job
Just buy ONE rental property and watch your life change. Today’s guest was working multiple jobs, and a single property purchase allowed her to finally free up her weekends and regain some freedom in her life. The best part? She did it with just around $4,000, then repeated the process again and again, leading her to quit her demanding teaching job in just four years! Today, she’s describing exactly how she did it!
Deandra McDonald called a lender, expecting to get a preapproval for a home. What actually happened? They told her, “No. Come back when you have more money, better credit, and less debt.” She hustled for two years, saving, working more, and paying off debt. She finally secured a loan for her first property, a two-bedroom townhouse that would change her life forever.
Now, she’s a financially independent real estate investor, no longer tied to her teaching job, and investing in completely overlooked “rental properties” that produce killer returns and allow her to live job-free. These properties are still largely ignored, but Deandra says it’s not too late to take advantage of them and escape your W2 job, too!
In This Episode We Cover:
How getting just one rental property can lead you to financial freedom in under a decade
Why you CAN NOT give up when a lender tells you “no” for a home purchase
The overlooked rental properties that you can buy at a MAJOR discount
Why Deandra wants to pay off her mortgages instead of scaling to a huge unit count
The easiest way to start investing in real estate that requires the least money possible
And So Much More!
Links from the Show
Let Us Know What You Thought of the Show!
Ask Your Question on the BiggerPockets Forums
Apply to Be a BiggerPockets Real Estate Guest
Grab the Personal Finance Classic, “Rich Dad Poor Dad”
Sign Up for the BiggerPockets Real Estate Newsletter
Find Investor-Friendly Lenders
A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing)
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1105
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices