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Episode #546 Get Fast, Affordable Landlord Insurance with Steadily: https://steadily.com/?utm_source=biggerpockets&utm_medium=youtube Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab the Book “The Multifamily Millionaire, Volume 1”: https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i?utm_source=owned_media Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders A 5-Year Plan for Financial Freedom With Real Estate (That Anyone Can Replicate): https://www.biggerpockets.com/blog/five-year-plan-for-earning-financial-freedom?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Deandra: https://www.biggerpockets.com/users/deandram1?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?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 Could rentals give YOU financial freedom? Today’s guest took a giant leap of faith to invest in real estate, and it allowed her to quit her low-paying W2 job in just five years. If you’ve yet to take the first step in your investing journey, this rags-to-riches story will inspire you to get off the sidelines and into the game! Welcome back to the “Real Estate Rookie” podcast! Earning just $28,000 a year as a lab tech and struggling to pay rent on a property she didn’t even own, Deandra McDonald was determined to buy a house and enjoy the long-term benefits of owning real estate. But when her lender told her she couldn’t qualify for a mortgage, Deandra did what so many aspiring investors are unwilling to do—she cut out ALL unnecessary spending to pay off her debts, rebuild her credit, and save for a down payment. In just 18 months, she was able to buy her first house—all while working the same low-paying job! And that’s just the beginning of Deandra’s story. After realizing that renting out a room in her new home could cover her mortgage payment, she caught the multifamily investing bug. Fast forward to today, and Deandra has built a multimillion-dollar real estate portfolio. Tune in to find out exactly how she did it and how you can copy her success! 00:00 Intro 02:58 Deandra’s BIG Wake-up Call 09:23 Buying Her First Property 13:39 The Pivot to Multifamily 16:28 Scaling Her Portfolio 20:57 Funding Multiple Deals 25:47 The Motel Conversion 28:29 Self-Management 101 34:02 What Is “Enough”? 37:33 Leaving Her W2 Job 39:46 Connect with Deandra!