BiggerPockets Real Estate Podcast Buying ONE Rental Changed My Life: 4 Years Later, I Quit My Job
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Apr 7, 2025 Join Deandra McDonald, a financially independent real estate investor who transitioned from teaching to full-time investing in just four years. She shares her journey of starting with just $4,000 and a single townhouse, overcoming rejection from lenders, and how one property changed her life. Discover her unique focus on overlooked rental properties, her strategies for converting motels into lucrative rentals, and why paying off mortgages is a key goal. Deandra’s insights show it’s never too late to transform your financial future!
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Initial Rejection
- Deandra McDonald started with BiggerPockets in 2014, dreaming of real estate investing.
- A lender initially rejected her application due to low income, high debt, and poor credit.
Financial Foundation
- Improve your financial foundation before taking out a loan for real estate.
- Increase income, reduce debt, and improve credit score.
Two-Year Hustle
- Deandra worked multiple jobs and diligently improved her finances for two years.
- She read BiggerPockets books for motivation and paid down credit card debt.
