

From Making $28,000/Year to Replacing Her W2 in Just 5 Years Thanks to Rentals
10 snips Apr 9, 2025
Deandra McDonald, a dedicated real estate investor, transformed her financial situation from earning $28,000 a year as a lab tech to achieving financial freedom through rental properties. She shares her inspiring journey of cutting expenses to qualify for her first mortgage and transitioning to multifamily investments. Deandra discusses the importance of house hacking, strategic property management, and adapting her investments amidst challenges. Her story serves as a motivating roadmap for anyone looking to embark on their own real estate journey.
AI Snips
Chapters
Transcript
Episode notes
Initial Spark
- DeAndra McDonald's interest in real estate investing stemmed from struggling to afford rent after college.
- She realized that owning a home could lower her living costs.
First Setback
- DeAndra's initial attempt to buy a house was unsuccessful due to high debt and low income.
- She was advised by a lender to improve her financial profile.
Financial Improvement Steps
- Improve your financial profile by getting a better job, paying down debt, and drastically reducing spending.
- Create a "board of directors" of trusted people for accountability.