Dan's Journey into Real Estate Investing

Dan shares his initial steps in real estate investing, emphasizing starting small with two to four units, setting clear investment criteria, and the decision-making process of investing a significant sum of money. The chapter explores finding properties within a specific price range, the importance of reserves in a deal, analyzing multiple properties before making an offer, and the significance of networking for financing options.

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MANY people invest in real estate for financial freedom. Unfortunately, not all investors get there. The truth is that a little cash flow won’t allow you to quit your W2 job or support an early retirement. You need a LOT of cash flow, or you need a bigger portfolio!

Welcome back to the Real Estate Rookie podcast! With two college degrees and a successful career, Dan Marklin had what many people envy in life. But one day, after realizing that the top rung of the corporate ladder wasn’t as glamorous as it seemed, he began to dream of something more—a job that would afford him total financial freedom and allow him to spend more time with loved ones. It wasn’t long before Dan had dived headfirst into the world of real estate investing, buying his very first rental property.

In this episode, Dan will show you the method he used to scale his portfolio from zero units to over ninety doors in just THREE years! Along the way, you’ll learn the differences between cash flow, cash-on-cash return, and an even MORE important data point to consider when analyzing rental properties. But that’s not all. Dan spares no detail when recalling one of his real estate horror stories and shares how YOU can overcome the challenges of multifamily property investing!

In This Episode We Cover:

How to achieve financial freedom by investing in real estate

Why YOU should start investing in small multifamily in 2024

Cash flow, cash-on-cash return, and internal rate of return explained

The MOST important data point to consider when analyzing properties

How to scale your portfolio WITHOUT sacrificing time or cash flow

And So Much More!

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