Video Description

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! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Join the Real Estate Rookie Facebook Group: https://www.facebook.com/groups/realestaterookie ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Books Mentioned in This Episode: “Buy, Rehab, Rent, Refinance, Repeat”: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media “The Book on Managing Rental Properties”: https://store.biggerpockets.com/products/the-book-on-managing-rental-properties?utm_source=owned_media ~~~~ Analyze Your Rental Property with the BiggerPockets Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media ~~~~ Real Estate Rookie 346 – The Multifamily Investing Masterclass: How to Get Started in 2024: https://www.biggerpockets.com/blog/rookie-346?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ BiggerPockets Real Estate 496 – Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner: https://www.biggerpockets.com/blog/biggerpockets-podcast-496-brian-murray?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Dan: BiggerPockets: https://www.biggerpockets.com/users/dmarklin91?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Ashley and Tony on BiggerPockets: Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Ashley and Tony on Instagram: Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/ Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/ Show notes at: https://link.chtbl.com/Rookie 00:00 Intro 01:05 The Journey to Financial Freedom 07:55 EASY First Steps 13:02 How to Analyze Rentals 19:52 Buying the First Property 23:45 Dan’s “Horror” Deal 33:14 Finishing the Rehab & Scaling 39:38 Connect with Dan!