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287: From 70 Hour/Week Burnout to Getting Paid to Buy Properties w/Danielle Daly

287: From 70 Hour/Week Burnout to Getting Paid to Buy Properties w/Danielle Daly

FromReal Estate Rookie


287: From 70 Hour/Week Burnout to Getting Paid to Buy Properties w/Danielle Daly

FromReal Estate Rookie

ratings:
Length:
64 minutes
Released:
May 17, 2023
Format:
Podcast episode

Description

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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
May 17, 2023
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.