A 36% return on your FIRST rental property? In today’s housing market? That sounds almost impossible. With more and more inventors struggling to find a cent of cash flow and home prices still so high, how does a real estate rookie walk away with a deal most investors could only dream of? The answer lies within Danielle Daly’s strategy, and it’s one that most people would be too picky to repeat. But, if you have the ingenuity to do what she did, you could live for free in an expensive market, collecting some killer cash flow every month.
Before this cash cow of a deal, Danielle was a burnt-out hospitality worker who quit her seventy-hour work weeks to make $30,000 per year as a waitress. She wanted the pay of a nine-to-five, without the soul-crushing time commitment so many jobs expect. So, she left sunny Florida on a whim, and headed to snowy Denver, only to end up at…BiggerPockets. She couldn’t resist the real estate bug and got her sights locked on her first property.
Danielle spent months looking for the right layout, at the right price, with the cash flow potential she needed. Half a year or so later, she looks back on her first purchase as one of her best financial decisions ever. In this episode, you’ll hear how Danielle turned $30,000 into a half-a-million-dollar property in a pricey market, how she gets paid to live in her own house, and the one thing that helped her achieve investing success faster than the rest.
In This Episode We Cover
How Danielle makes a 36% return on her first rental (with ZERO experience)
The one strategy ANYONE can use to buy a cash-flowing rental property with low money down
Ditching burnout and how to know it’s time to leave your job for something better
Networking for newbies and how to find lenders, realtors, and tenants
Seller concessions and letting someone else “buy down” your mortgage rate
Screening tenants and the one software that systematizes your property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Meet Other Investors At a BiggerPockets Meetup
Get Easy Property Management with RentRedi
How to House Hack By Renting-By-The-Room
Connect with Danielle:
Danielle's BiggerPockets Profile
Danielle's Email
Danielle's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-287
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