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

Peter shares his strategy of owning properties in different areas so that if the economy in one area starts doing badly, his other properties in other areas can pick up the slack.He has purchased in 4 different areas using different strategies. Some are long-term rentals, Some are Airbnb.He talks about:How he has bought out-of-state properties without going to see them in personHow he self-manages out-of-state Airbnb'sHow he was able to massively cut his income tax with one of his recent purchases.How he's financing his purchases.The areas he's been buying in.https://rentalincomepodcast.com/episode461

Steven had no money, and a negative networth when he started buying rentals.On this episode, he shares how he got started and built his rental portfolio.We talk about:How he got the money to buy his rentalsHow powerful time is in building equity and cash flowThe types of properties that he likes to buyHow he keeps costs down by using VA's to help him manage his rentalsHow he rents properties without showing them to potential tenantshttps://rentalincomepodcast.com/episode460

Brandon didn't have a lot of money when he started buying rentals.He got started buying what he could afford - old, run-down properties. He fixed them up, and raised the rent. Doing this created a ton of equity.Today, Brandon is in the process of selling off some of those properties and using the equity he created to buy nice single-family homes in better neighborhoods with cash.The new properties will be more profitable because they will be newer and not have mortgage payments. They should also be easier to manage.https://rentalincomepodcast.com/episode459Have a question, or want to leave feedback about the podcast? Leave a voicemail: 775-346-8882

Joel has been buying rental properties for over 45 years, and on this episode, he shares two timeless things he did to build substantial wealth with his rental properties.Joel also shares insight into how he thinks about money and how he built his portfolio with the smart use of leverage.Joel also shares how building relationships with other investors has been a very important part of his success.https://rentalincomepodcast.com/episode458Have a question, or want to leave feedback about the podcast? Leave a voicemail: 775-346-8882

David shares how he's been able to substantally grow his cash flow and build wealth by making sure he raises rent every year.We talk about how much he targets to raise rent, how he notifies tenants about the increase, and how long before the end of the lease he notifies them.We also talk about why he uses a Realtor to lease his rentals vs leasing himself.We also look at the numbers for one of his deals and see how much his cash flow has increased over time with yearly rent increases.https://rentalincomepodcast.com/episode457Thanks To Our Sponsors:The GuarantorsRidge Lending Group

Joe lives in an area that historically has seen great appreciation, but cash flow is very hard to come by.He decided to invest in good areas that had much cheaper properties, that produced better cash flow.On this episode, we talk about if Joe sees any risk in investing out of state. We also talk about how Joe figured out where to invest, how he found his properties, and see if he ran into any challenges along the way.https://rentalincomepodcast.com/episode456Want to be a guest on the podcast? Reach out here:https://rentalincomepodcast.com/contact

Ben is a Realtor, Property Manager, and owns rentals in his personal portfolio. On this episode, he shares the types of properties that have worked out best for him and the investors he works with.We talk about the best type of neighborhoods to buy in, the perfect bed/bath combination, and the types of properties to avoid.We also talk about why Ben thinks it's important to diversify with different strategies, and why he stopped renting on Airbnb and is now doing medium term rentals.https://rentalincomepodcast.com/episode455

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