Rental Income Podcast With Dan Lane

Dennis shares that when he started buying rentals, he was a barber charging $13 for haircuts. On this episode, Dennis walks us through how he built his rental portfolio. Dennis shares how he saved the down payment money to buy his first rental, and the mistakes he made purchasing that property. Dennis also shares how the mistakes he made buying his first property helped him buy a better property for his next rental property. We discuss the criteria he uses to purchase a rental property and the importance of using leverage to build wealth. https://rentalincomepodcast.com/episode519 Thanks To Our Sponsors: Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Sabhya started buying good properties in good neighborhoods. Everything was working great. The properties were making money, and the properties were easy to manage. Sabhya saw he could buy cheaper properties in a less-than-great area and earn better returns. After owning the properties, he found that the cheaper properties had higher expenses than he estimated, and he wasn't making the money he hoped. On this episode, we discuss some of Sabhya's issues and how to be successful with cheaper rental properties. https://rentalincomepodcast.com/episode518 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

Bob started buying rentals three years ago. After building his portfolio to 33 doors, he realized that his properties had appreciated a ton, and he wanted to cash out and capture his equity. Six months later, he realized he made a mistake by selling and started repurchasing rentals. On this episode, we talk about how Bob sold his portfolio, why he decided to start investing in a different area, and what he's buying today. We also see how things worked out for him tax-wise by selling his portfolio. https://rentalincomepodcast.com/episode517 Thanks To Our Sponsors: Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

A one-month security deposit works great if your tenant pays rent and doesn't cause much damage. But if your tenant doesn't pay or causes a lot of damage, you could be out thousands of dollars. On this episode, Frank Jachetta explains how TheGuarantors removes this risk from the landlord with an insurance policy. We discuss how this unique policy works and the difference between rent coverage and landlord insurance, and Dan Lane shares how much his tenants have paid for coverage on his properties. https://www.theguarantors.com Thanks To Our Sponsor: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Pat started buying rentals by house-hacking a 4-unit building while working as a server at the Olive Garden. He was living free and profiting several hundred dollars a month. After seeing that everything was working out, he bought more rentals using the BRRRR strategy. As he grew his portfolio, he found it was getting easier. He just kept buying more properties. On this episode, Pat shares what a perfect rental looks like, why he doesn't like 30-year mortgages, and how he financed his portfolio. We also look at Pat's numbers and figure out how he is earning over $1 million a year in rental income. https://rentalincomepodcast.com/episode516 Thanks To Our Sponsors: Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10.

Christopher built his rental portfolio without having to save cash for down payments. His primary house appreciated, he took that equity and put it to work by using it as down payments to buy rentals. One of his rentals appreciated over a period of a few years. He sold that property and used the equity to buy a better property. On this episode, we walk through how he built his portfolio without having to come up with any cash. https://rentalincomepodcast.com/episode515 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

Traveling and freedom have always been important to Suzanne. On this episode, Suzanne discusses how her 18 rental units provide a stable monthly cash flow, which allows her to travel whenever she wants. Suzanne shares that she never had a high-paying job but has always been good at saving money. That, in combination with house hacking, has allowed her to save down payments to buy properties. We also talk about how she has invested in different areas for different reasons. Some properties provide better cash flow, and some appreciate more. https://rentalincomepodcast.com/episode514 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

David thinks investing in rental properties doesn't have to be complicated or stressful. He said if he can do it, anyone can do it. He's been buying nice single-family homes in good neighborhoods. Most of his properties don't need any rehab work. Just a good cleaning. On this episode, David shares more about what he is looking for in a rental property and how he's been buying them with only 5% down. https://rentalincomepodcast.com/episode513 Thanks To Our Sponsors: Ridge Lending Group Making investment Mortgage process simple and stress free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10.

Cory's job transferred him. He knew he would return in a few years and liked his house, so he decided to rent it until he moved back.. After a few months, he saw that it wasn't difficult to manage from out of state and liked the cash flow, so he decided to buy more rentals. In this episode, Cory explains how he came up with the money to buy more properties and why he likes using a property manager. We also look at the numbers for one of his deals. https://rentalincomepodcast.com/episode512 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10 .Ridge Lending Group – Mention Rental Income Podcast for a $250 credit at closing.

Terry started investing in rentals at 55, and Odest started investing when he was 27. They were both at different stages of their life and had different experiences they brought to the table. On this episode, we figure out their strategies for investing in rentals and see if being older or younger helped or hurt them in their investing. We also discuss if not investing because you are too old or too young is a valid thought or a limiting belief. Thanks To Our Sponsors: Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10 .Ridge Lending Group – Mention Rental Income Podcast for a $250 credit at closing. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. https://rentalincomepodcast.com/episode511

When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage. The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear. On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow. We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased. https://rentalincomepodcast.com/episode510 Thanks To Our Sponsors: Ridge Lending Group - Financing For Rental Properties. MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Obie Insurance - See if you can save money on landlord insurance.

Occasionally, tenants fall behind on rent. Should we work with them to catch up or proceed with the eviction? On this episode, Derek Morton shares why working with tenants will make investors more profitable. He shares information on how to find charities and grants to help tenants, and under what circumstances he won't work with a tenant. He also shares the number one predictor of whether a tenant will have trouble paying rent and why he doesn't use 3x rent to qualify a tenant's income. https://rentalincomepodcast.com/episode509 Thanks To Our Sponsors: Ridge Lending Group - Financing For Rental Properties. MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Obie Insurance - See if you can save money on landlord insurance.

Taxes can be confusing and overwhelming. It's easy to tune it out. Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely. On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes. https://rentalincomepodcast.com/episode508 Thanks To Our Sponsors: Rental Trial - Easily track rental income and expenses. Free 30 day trial Ridge Lending Group - Finance your next rental property purchase

George's first deal didn't work out the way he planned. Construction cost more and took longer than planned, mortgage rates went up, and insurance was higher than expected. However, the property still ended up being a great deal. It still cash flows and has been appreciated nicely. In this episode, we review what went wrong and figure out why everything still worked out. We also talk about how George accidentally started investing in real estate when he couldn't sell his primary residence. http://rentalincomepodcast.com/episode507

Squatters saw a rental listing online, broke into the property, and moved in. The investor's Realtor noticed someone occupying the property and called the police. When the police arrived, the squatters presented a fake lease. The police told the Realtor that this was a civil matter and that there was nothing they could do. They would have to take this up in court. On this episode, the investor's attorney, David Metzger, discusses what happened next and how he ultimately removed the squatters from the property. We also discuss a shortcut he devised to speed up the process and steps rental investors can take to prevent this from happening to them. https://rentalincomepodcast.com/episode506

Jefferson built his rental portfolio by buying rental properties out of state. He doesn't care where the property is as long as the numbers make sense and it's in a good area. On this episode, Jefferson shares how he finds deals, researches the area he wants to invest in, and does his due diligence. We also discuss how he has found many of his deals on Facebook and has worked out creative financing to buy properties with little money out of pocket. https://rentalincomepodcast.com/episode505

Harley shares how his rental properties have given him financial freedom, time freedom, and location freedom. Harley and his family have become digital nomads, traveling to different countries every few months. On this episode, he shares a few hacks he's been using to lower the cost of traveling and explains how he's set up systems to manage his rentals with little effort on his part. We also talk about the platform he uses to collect rent, how he handles tenant communication in a different time zone, and how he handles repairs, turnovers, and evictions. We also discuss some of Harley's other income streams in addition to his rental income. https://rentalincomepodcast.com/episode504

Brian has invested in rental properties since the late 1990s and has seen several market cycles. He's always found opportunities whether prices and interest rates were low or high, or the economy was good or bad., He's found that every year functions differently than the year before, and you have to adjust your strategy to fit the current market. On this episode, we discuss examples of the market in different years and how Brian adjusted his strategy during that period. We also talk about his strategy for investing today. https://rentalincomepodcast.com/episode503

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that. They have done over 100 BRRR's in the last couple of years. On this episode, we talk about how they are finding and financing deals today. They also share the details and numbers for a recent deal. We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio. Peter and Ron also share advice on going from a few rentals to a large portfolio. https://rentalincomepodcast.com/episode502

Rodney grew up in a family that didn't give him the best advice on how to build wealth. After hearing about creating generational wealth, Rodney decided to invest in rental properties to build a legacy for his kids. Rodney had little cash, so he had to get creative to invest in rental properties. On this episode, we talk about the strategies he used to find the money to invest and how he was able to do it while being a self-described lazy landlord. We also look at a recent deal. Rodney shares how he found the property how he financed it, and review his numbers. Mentioned on the podcast: Deal Check Rent Redi Zillow Google Sites https://rentalincomepodcast.com/episode501