Rental Income Podcast With Dan Lane: Landlord L Rental Property Owner L L Real Estate Investor L Passive Income L Find Good

Shayla bought rental properties 15 years ago. They ended up being cash flow negative, and she eventally ended up losing them.Recently Shayla decided that she wanted to get back into real estate investing, and wanted to buy a property that was going to be very profitable.On this episode, we talk about how Shayla is making a ton of cash flow off on mid term rental.We talk about what she paid for the property, how much she spent to furnish it, how much her mortgage payment and other expenses are, and how much she profits after everything.https://rentalincomepodcast.com/episode454

Jeff shares how he protects his rental portfolio from liability and lawsuits.Some of the topics we talk about are:Why investors should consider owning in an LLCHow to operate your LLC to minimize your chances of a judge invalidating it in the event of a lawsuitHow to use equity stripping to protect your equityThe minimum liability insurance an investor should carry on each rentalWhy investors should consider getting a PUPHow to protect yourself from lawsuits from contractors and mechanic lienshttps://rentalincomepodcast.com/episode453

Josh shares how he went from having no money and renting a room in a basement to profiting over $8,000 a month from his rentals.On this episode, we walk step-by-step through how he built his rental portfolio.We talk about the types of properties Josh bought, and what types of neighborhoods they are in.Josh also shares where he got his down payment money from, and how he financed his rental purchases.https://rentalincomepodcast.com/episode452

Aaron bought a portfolio of 7 out of state properties from a turnkey company.The properties were supposed to cash flow on day one, but it didn't work out that way. Aaron faced huge repair bills, evictions, and trouble renting his properties. The repair bills were so bad, that last year he lost $36,000 on these properties.On this episode, we figure out what went wrong. Is there anything Aaron could have done differently to have a different outcome? Did he buy bad properties or is this just bad luck? We'll figure it out.https://rentalincomepodcast.com/episode451

Debbi talks about how her father started buying rentals over 50 years ago, and how that has created generational wealth for her family.We talk about what he bought, how he financed his properties, and where he got the down payment money from.Debbi also shares how much the property has appreciated and how much rent has increased.https://rentalincomepodcast.com/episode450

On this episode we take a look back at some of Dan's favorite moments from 2023.We hear from 4 investors:* Scott talks about making $30K a month from his rentals (Episode 430)* Marky bought a duplex and later found out it wasn't legal (Episode 404)* Blake sold half of his portfolio and paid off the other half (Episode 438)* Andy made a lot of mistakes, but still ended up with a profitable property (Episode 413)Links to episodes:https://rentalincomepodcast.com/episode449

Farris shares his journey from being a brand new investor to reaching financial independence in just a few years.We talk about the kind of neighborhoods he's buying in, why he likes buying properties that are rent ready, and where he got the money from to start buying rentals.We also talk about how many rentals Farris needed to reach financial freedom, and how many rentals he thinks the average investor needs.Interested in learning more about how you can reach financial independence? Join the community:RentalInnerCircle.com

Andrew shares how tapping into the equity he had sitting in his primary residence helped him get started investing in rentals.Andrew also shares how house hacking to eliminate his monthly housing expenses, and becoming a part-time real estate agent, in addition to his day job, were also a huge part of earning extra money to invest.On this episode also shares a few other ways he was able to find money to invest.https://rentalincomepodcast.com/episode447

Saad shares his strategy of buying cheap houses and transforming them into two or three-unit buildings.We talk about how he gets this approved by the city, and the challenges he's had with contractors.Saad also shares how he is doing this without physically living in the same area as his rentals.https://rentalincomepodcast.com/episode446

Joe shares how he built up enough cash flow from his rental portfolio to retire from his job.We talk about what kinds of properties he's buying, where he got his down payment money from, and how he financed his portfolio.Joe also talks about how higher rates is affecting his investing.https://rentalincomepodcast.com/episode445

Tyler lives in an expensive area where the numbers didn't make sense to buy rentals.He wasn't interested in getting involved with extensive rehab projects. He wanted something that was going to be passive.He ended up investing in out of state in newly rehabbed and new construction properties.On this episode, we talk about how he picked the areas he ended up investing in, how he did his due diligence, and how the properties have worked out.Tyler also shares all the numbers for two of his deals.https://rentalincomepodcast.com/episode444

Caeli Ridge from Ridge Lending Group shares that a lot of rental property investors get started by harvesting the equity they have in their primary residence.As they are growing their rental portfolio, a lot of them tap into the equity they have created in their rental propertiesOn this bonus episode, Caeli shares the pros and cons of the different ways investors are harvesting equity.https://rentalincomepodcast.com/Bonus-Equity-Caeli-Ridge

Mike owns a business that generates a lot of profit, and causes him to pay a lot of taxes. He started buying rental properties that generate a paper loss and legally brings his taxable income to $0.On this episode, Mike shares how this is working for him.We also talk about how Mike is buying rentals out of state, and look at the numbers for one of his properties.https://rentalincomepodcast.com/episode443

Adam shares how he built his rental portfolio with the BRRRR strategy.We talk about how Adam is buying cheap houses in good neighborhoods, fixing them up, and renting them out.We also talk about how he's financing his properties, and challanges he's had with contractors.Adam shares the numbers on one of his deals, including the purchase price, rehab cost, and what the property is rented for, his expenses and his cash flow.https://rentalincomepodcast.com/episode442

Matthew was a guest on the podcast 3 years ago, on episode 280.At that time, Matthew had been investing in rentals for a year, and had 4 properties.On this episode, Matthew shares how he has grown his portfolio to 8 rentals that net him $10,000 a month and how he has grown his net worth by over $1 million.Matthew had a plan to pay off his mortgages on the last episode, we see if that is still his plan today.We also talk about how Matthew had to shift to buying in another area because real estate prices got too expensive.https://rentalincomepodcast.com/episode441

Ryan shares his experience working with what he thought was a good property manager....until he woke up one day and realized his manager ran off with the rent he collected, security deposts, and some other money.Ryan talks about what he learned from this situation, and the changes he's made to his property management to make sure something like this doesn't happen again.We also talk about why Ryan prefers to work with a property manager vs self managing his rentals. And how his property manager has helped him invest in other markets.https://rentalincomepodcast.com/episode440

Mark went bankrupt at 40 and lost everything. He knows that real estate is a great way to build wealth, but he wants to take on a lot of risk.On this episode we talk about how he's built a diversified portfolio of commercial real estate, regular long-term rentals, and Airbnb's.We talk about how Mark is saving a ton of money in taxes by renting is commercial real estate to his own business.Mark also explains how he's using the Profit First system to manage his rental income and expenses.https://rentalincomepodcast.com/episode439Thanks To Our Sponsors:TheGuarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages and more. All without increasing your operating expenses.Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

A few years ago Blake decided he wanted to build a big rental portfolio, and started aggressively buying rentals. Within a few years, he got to 300 doors.Once he hit his goal, he found that having so many rentals was way too stressful, and decided to sell off half of his rental portfolio.On this episode, Blake shares how he sold off half of his portfolio and used the proceeds to pay off the other half.We talk about how having a smaller paid-off portfolio is so much better and how it's profitable every month no matter what because he has no debt.Blake did this at a very high level, but this strategy works with even a few rentals.https://rentalincomepodcast.com/episode438

Dan & Mike share why it made more sense for them to partner up to buy this property than to buy it individually.We talk about how they found the property, how they financed it, and how they dealt with delays in getting the property fixed up.They also share their experience of not taking a security deposit from their tenants. Instead, they had their tenants buy them an insurance policy from TheGuarantors. The policy protects their rental income from tenant non-payment and property damage.They also share the numbers for the property.https://rentalincomepodcast.com/episode437

Jessie shares how she got started buy buying a house to live in, and renting rooms to help pay the mortgage.She bought a few properties this way, and a few with traditional down payments, but she didn't get serious about building her rental portfolio until January 2021, when she discovered the BRRRR strategy.Jessie is using none of her own money to buy and rehab her properties and is creating over $50,000 in equity on each deal she does.We also look at a recent deal and review all the numbers, including purchase price, rehab cost, refi amount, how much the property is rented for, and Jessie's cash flow.https://rentalincomepodcast.com/episode436