Episode #287

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 burntout hospitality worker who quit her seventyhour work weeks to make $30,000 per year as a waitress. She wanted the pay of a ninetofive, without the soulcrushing 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 halfamilliondollar 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.

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Join BiggerPockets for FREE
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Join the Real Estate Rookie Facebook Group:
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Find an InvestorFriendly Agent in Your Area:
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Meet Other Investors At a BiggerPockets Meetup:
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Get Easy Property Management with RentRedi:
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How to House Hack By RentingByTheRoom:
https://www.biggerpockets.com/blog/ho...
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Connect with Danielle:
BiggerPockets: https://www.biggerpockets.com/users/d...
Email: [email protected]
Instagram: @daniellefdaly or   / daniellefdaly  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...

Show notes at: https://www.biggerpockets.com/blog/ro...

00:00 Intro
02:57 From Burnout to BiggerPockets
18:19 Starting From Zero
27:55 Finding the First House Hack
37:18 Financing and the Final Offer
47:09 Renting by The Room
53:13 Getting Paid to Live!
56:04 Rookie Exam
58:46 Rookie Rockstar
59:33 Connect with Danielle!