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

Andy and Erika share how they have been saving money for down payments to buy rentals. We talk about their criteria to buy a property, what they are looking for in a potential tenant, and how they divide the management of their rental portfolio.They also share their numbers for what their properties, what they are rented for, their mortgage payment, and their cash flow.

Pravin shares his gross rent, expenses, and net profit for each type of rental he owns. On this episode, we talk about how he financed his portfolio, how long it took him to go from $0 to $83,000 in rental income, and why he decided to use a strategy of buying some properties for cash flow and others for cash flow and appreciation.https://rentalincomepodcast.com/episode376

Tina is an investor that nets about $5k a month from her rental portfolio. She wants to get to $10k a month.This episode is a recording of a strategy session between Tina and Caeli Ridge.They talk about Tina's goals, and how her credit affects her plans. Caeli also looks at a potential deal, and comes up with a game plan for Tina.https://rentalincomepodcast.com/bonus-tina

On this episode Dan and Farris answer listener emails:1.) Is this a bad time to invest in rental properties2.) What are some of the best ways to find deals today?3.) Finding money to buy my next property has been a challenge. What are some ways creative ways to find capital?4.) Working with Realtorshttps://rentalincomepodcast.com/episode375

Tom shares how he went from being a new investor with 2 rentals to buying a portfolio of 75 rentals. We talk about how he found the deal, how dealt with losing some of his properties to eminent domain, and he sold off some of the properties for a huge gain.Tom also shares what he paid for the portfolio, his gross rents and his net profit.https://rentalincomepodcast.com/episode374

Tom shares how instead of saving money for his kids to go to college, he bought 6 rentals. The cash flow those rentals generate has paid for his 4 kids to go to college.He has also used the rental income to pay for a car and for his wife to stay home with the kids.On this episode, we talk about his portfolio and how he manages his properties.

Marky wanted to invest in rentals, but properties were too expensive for him to do it locally.On this episode, Marky shares his experience buying a fully rehabbed turnkey property. After seeing how that property worked out, he figured he could make more money if he put a team together and did the rehab on his own for futureMarky shares the good and the bad of out-of-state investing, and how things have worked out for him.https://rentalincomepodcast.com/episode372

Mortgage rates are increasing, the stock market has been tanking, and we are probably headed towards a recession. Is this a bad time to buy a rental?We talk to a real estate agent, a lender, and a wholesaler to talk about what they are seeing in the market, to help you decide what is best for you.Contact info for Bill Kenny, Caeli Ridge, And David Olds:https://rentalincomepodcast.com/bonus-market

Brandon was able to replace his W2 income with a small rental portfolio.On this episode, Brandon shares 4 things he did to set him up financially for the rest of his life.We also look at Brandon's numbers including how much money he invested, his mortgage balance, gross rental income, expenses, and his monthly cash flow.

Terry took out a HELOC against his primary residence and he uses it to buy rental properties. He then uses the rental income to pay off the HELOC.He has used this strategy to buy 7 houses that generate $7,000 a month in rental income.Terry also shares his strategy of buying nice houses in good neighborhoods that are easy to manage.We also talk about how Terry saves money on appliances and other upgrades he does to his properties.

Dakota shares his story of how he bought a property that he house hacked while working for Domino's Pizza as a delivery driver.We talk about how he continued to build his rental portfolio over the next 7 years by using a few different financing techniques.He started with $419 and today he has millions of dollars in equity in his rental portfolio.https://rentalincomepodcast.com/episode369

Natasha shares how she was able to leave her W-2 job and support herself with her rental income.We take a look at Natasha's portfolio and her numbers. We talk about how she budgets for repairs and vacancies, and how she uses the tax code to legally avoid paying taxes on her rental income.We also talk about how Natasha gets health insurance, and why she rents herself, instead of owning a home.https://rentalincomepodcast.com/episode368

KC & Kaysie talk about selling a rental property that was netting them $1,500 a month and moving the equity to a new property that now nets them $15,000 a month.They open up their books and share all the numbers for the old and new property and we figure out how they were able to make this transaction happen.We also talk about how they found the deal, how they financed it, and how they have been managing the property.

Heidi bought her first property to live in, but things changed in her life and she ended up renting the property.On this episode, we talk about how Heidi dealt with lots of problems including tenants that didn't pay rent, property damage, and getting shut down by her city.Heidi stuck with the property and today the property generates $2,000 a month in profit and has appreciated by over $200,000.https://rentalincomepodcast.com/episode366

Alan lives in an expensive area where it's really difficult, if not impossible to find properties that are going to generate cash flow.On this episode, Alan shares how he found an area where the properties were much cheaper and the numbers worked better.We talk about how he found his properties, we take a look at his number, and figure out how many rentals he needed to get to $70K. We also talk about challenges that he has had along the way.https://rentalincomepodcast.com/episode365

Greg talks about how he generates enough money off his rentals to pay all his bills.He still works so that he can generate more cash to continue to buy more rentals and to continue to build his rental income.We talk about why he likes buying condos and how why he's not afraid of condo fee increases, and how he has joined the condo board to have some say in how the development is run.https://rentalincomepodcast.com/episode364

David thought about buying rentals for a long time. Recently, he felt like the time was right to buy his first rental.On this episode, we talk about how he got his wife excited about the idea of buying a rental.We also talk about how he found the property, how he financed the property, and how things have been working out.David shares all his numbers, and we figure out if he got a good deal.http://rentalincomepodcast.com/episode363

Don wanted to build a rental portfolio that generated income for him to live on in retirement, but he wasn't interested on taking on a lot of debt or a lot of risk.On this episode, he shares how he built a small portfolio of quality properties in good neighborhoods, and how he's been able to pay off several of his mortgages. Don also talks about how having paid off properties takes away the fear of having multiple tenants not paying rent, or moving out at the same time.Don shares how he is doing a pre-retirement test run right now, and is taking monthly draws of his rental income to test what it is going to be like financially to retire.https://rentalincomepodcast.com/episode362

Matt shares how he went from not making much money and living on a couch to owning a rental portfolio that generates $15,000 a month in gross rental income.We talk about how he got the money to get started, how he eliminated his housing expenses with a house hack, and we look at the numbers for his portfolio and figure out how much he nets after all expenses.

Alex shares how he buys a rental property as he saves down payments.He doesn't do major rehabs or creative financing. He has found most of his properties off the MLS, but over the last few years, his properties have generated a ton of cash flow and appreciation.On this episode, Alex also talks about some mistakes he has made and how he screens property managers.