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

Andy made a lot of mistakes with his first rental. He paid too much, he didn't budget for expenses and vacancies, and he didn't use the 1% rule, or other criteria to evaluate the property.Rentals can be very forgiving, and with time, his rents went up, he was able to bring his payments down by refinancing and appealing his property taxes. Today this is one of his property is his best-performing rentals.On this episode, we talk about what Andy learned from this experience, and how it helped him become a better investor.Thanks To Our Sponsors:The GuarantorsRidge Lending Group

Farris shares how he went from not knowing anything about real estate five years ago, to owning a portfolio of rental properties that nets him $90K a month.We talk about what types of properties he's buying, and where he is getting the money from.Farris has an amazing story because he isn't doing anything risky. He has been buying occupied properties that generate cash flow as soon as he closes, and using traditional mortgages with 20% - 25% down payments.https://rentalincomepodcast.com/episode412

Mike shares his experience of buying out-of-state properties for cash flow. The properties looked great on his spreadsheet - and they did make money. But, he wasn't making the kind of returns he was looking for.Mike has made way more buying properties, holding them for a while, and then selling them for a large profit.We talk about how much Mike has made on his transactions, and why he prefers to sell them vs holding them for the long term.https://rentalincomepodcast.com/episode411

Terry shares the details of turning a traditional long-term rental into a corporate rental.We talk about the best location for a corporate rental, how he finds tenants, and how long they generally stay with him.Terry also shares how much he spent furnishing his rental, how much vacancy he has, and how much time he spends managing his property.

Amy shares how she found money for down payments by tapping into equity wherever she could find it, including her cars, home equity, and retirement money.She also shares the unique strategy that she is using to finance her portfolio without having to come up with a lot of money.Amy owns a mix of single family and 4 unit buildings. We see which type of property is more profitable.We also take a look at one of her properties and talk about how she found it and we go over all her numbers.Thanks To Our Sponsors:The GuarantorsRidge Lending GroupShow Notes:https://rentalincomepodcast.com/episode409

Vessi lives in an expensive area, where the laws are not very landlord friendly. This made it difficult to invest in rental properties locally.On this episode, Vessi shares how she found the area she is investing in, and how she bought her first few properties.We also look at the numbers for her first deal and see if things have turned out the way she projected.https://rentalincomepodcast.com/episode408

Most people would be in a tight spot financially if they suddenly stopped getting their paycheck.Luckily Walter started buying rentals a few years before he got laid off, and the income from his rental portfolio produced enough monthly income that it covered most of his living expenses.This gave him some breathing room as he transitioned to a new career.On this episode, we take a look at Walter's portfolio including the type of properties he's purchased, and how he financed them.We also take a look at his numbers including his total monthly rent collected, expenses, and his net cash flow.https://rentalincomepodcast.com/episode407

Mike's primary residence increased in value and he tapped into that equity to buy his first rental.On this episode, Mike shares why used a HELOC vs a traditional mortgage. We also talk about the advantages and risks of a HELOC, and how he plans to recycle his equity to buy more rentals.We also talk about the strategy that Mike used to have his tenants ask for a $200 rent increase.https://rentalincomepodcast.com/episode406

Jarrod shares how his uncle purchased rental properties in the 1940's for a few thousand dollars, and how these properties have been passed down to the younger generation. Today these properties have appreciated by millions of dolllars and provide income for Jarrod and his family.Jarrod also talks about how he has taken the equity in the properties to buy more properties, how he minimizes his risk of non-payment and property damage by tenants, and the software that he uses to manage his properties and collect rent.We also talk about how he is getting the younger generation interested in real estate, to ensure that these properties stay in the family for generations to come.https://rentalincomepodcast.com/episode405

Marky bought a property thinking he would be able to renovate it in about a month. Unfortunately, things didn't go according to plan, and the BRRRR has taken longer to complete.On this episode Marky shares how he dealt with problems, including problems with the city, contractors, material delays, and going over budget.Marky shares what he has leaned, how he navigated the issues and what he will do differently next time.

Greg has been buying rentals on his own, but for his latest deal, he formed a partnership with his sister and her husband to buy a four-unit building.On this episode, we talk about how they set up the partnership legally, and how much money they each invested. We also talk about their financing and their long-term plan for the investment.https://rentalincomepodcast.com/episode403

David shares his strategy of buying occupied properties, and slowly rehabbing them as tenants turnover. When the units are rehabbed, he's usually able to raise the rent by about 50%.We also talk about the best bedroom/bath setup for a rental, how to find a mentor, and how he bought his first rental property when he was 16.https://rentalincomepodcast.com/episode402

Kyle shares how he educated himself about investing in rentals, and took that knowledge and put it to use in building his rental portfolio.We talk about how many rentals he has, what he's looking for in a property, and how much he targets to make per rental.We also look at two of his deals: a good one, and one that had a lot of trouble.https://rentalincomepodcast.com/episode401Thanks To Our Sponsors:Ridge Lending GroupThe Guarantors

Jesse shares some good and bad experiences he's had owning rental properties. We talk about how he got hit with two big repairs back-to-back, and how an emergency savings account helped him survive that financial hit.We also talk about how Jesse's rentals have become more profitable as time has gone by, and how an experiment converting some of his rentals to Airbnb worked out.

On this episode we take a look back at some of Dan's favorite moments from 2022.We listen in on investors that have reached financial freedom from buying rental properties, we hear about a unique financing strategy, and look at the numbers.Links to listen to the entire episodes featured:https://rentalincomepodcast.com/episode399

Nick shares his strategy of buying cheap single-family properties, doing minor repairs, renting them out, and eventually selling them and using the profit as his down payment on a bigger and better property.We talk about a recent example of how he bought a house and after five months sold it and used the profit as a down payment on a 12 unit apartment building.Nick also shares the numbers for his entire portfolio including total rent, mortgage payments, expenses and total cash flow.https://rentalincomepodcast.com/episode398

Carey couldn't find properties that cash flowed, so he decided to build his own.On this episode Carey walks through the entire process from what kind of land to look for, how he gets the town to bring utilities to the property, and how he eliminates his risk of cost overruns during construction.We also take a look at his numbers, including the construction cost, mortgage payment, expenses, and his profit.

Pat shares his story about how he started out buying cheap, run down properties in bad areas. The numbers looked great on paper, but they never actually made him any money.Pat sold those properties and bought really nice properties in great areas, where the numbers didn't look as good. Those properties have ended up making him a lot more money.We also talk about the unique way he financed his purchases.https://rentalincomepodcast.com/episode396Thanks To Our Sponsor:https://www.theguarantors.com/incomehttps://ridgelendinggroup.com/

Brian buys shells in "C" class neighborhoods, does a full gut remodel, and turns the property into three one bedroom suites.Doing this enables him to charge more rent while at the same time providing affordable housing in a working class neighborhood.On this episode, Brian talks about how he manages his properties including the technology that he uses to help resolve tenant disputes and how he handles common area cleaning.Brian also shares his numbers including purchase price, rehab budget, mortgage expense, typical expenses and his cash flow.https://rentalincomepodcast.com/episode395

Tyler shares his experience buying two rentals with a partner. We talk about how much money each partner invested and how they split the work.We also look at the properties Tyler and his purchased and review his numbers. Including total rents, purchase price, mortgage payments, expenses, and how much profit they generate.https://rentalincomepodcast.com/episode394