cover of episode Ep 14- From Science Teacher to Full Time Investor

Ep 14- From Science Teacher to Full Time Investor

2020/1/13
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Black Real Estate Dialogue

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This episode with Deandra McDonald was powerful! After challenges finding a job after college and working as a teacher, she realized that there had to be another way.

Deandra used a HELOC (Home Equity Line of Credit) to purchase her second property and has also used seller financing to grow her portfolio to 16 units. In this interview, we discuss her transition from small multi units to larger buildings, her financing strategies, and her comedic approach to educating others about real estate. 

Deandra has courses, live online classes and one on one coaching to help new investors. We highly recommend that you take advantage of her resources.

How you can find her

IG-  @deandramcdonald

Website- www.deandramcdonald.com

Highlights

  • Financing Strategies- HELOC (Home Equity Line of Credit), Seller Financing 
  • Self Managing- Set boundaries with tenants. There should be clear systems in place, specific times they can reach out etc. so that you don't get burned out
  • Mentorship- Getting a mentor to show you the ropes can help you to avoid mistakes as you start your investing journey

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