Rental Income Podcast With Dan Lane

Nick wanted to invest in rentals, but he didn't have any money, credit, or real estate knowledge. He figured things out and bought his first property. Unfortunately, things didn't work out with that first property and Nick lost money. He stuck with it and kept learning. Eventually, he found the money and built the credit. Today he owns several cash flowing rentals. On this episode, we find out how he did it.

Direct download: Rental203B.mp3
Category:Business -- posted at: 3:23am EDT

This episode is an interesting look at a rental property purchase from start to finish.

We talk about what Andrew was looking for in a rental, how he found it, and how he estimated the rehab expenses before he made an offer.

We talk about how he resolved a big issue that he discovered during the inspection period.

We then compare his rehab estimates to the actual cost of the rehab.

Finally, we talk about how the rental has actually performed compared to his estimates.

Direct download: Rental202G.mp3
Category:Business -- posted at: 3:00am EDT

Jason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.

Direct download: Rental201.mp3
Category:Business -- posted at: 3:00am EDT

On this episode, we talk about why we recently sold two rental houses. We also talk about how we have been finding other properties to add to our portfolio and talk about a few of the rentals that we have recently purchased.

Direct download: Rental200.mp3
Category:Business -- posted at: 3:00am EDT

Marc shares how he started building his rental portfolio after reading Rich Dad, Poor Dad. He was buying a new property about every 10 months and realized that it was going to take him forever to get where he wanted to go. He eventually left his job to work full-time as a Realtor, and today his rental portfolio could support about 50% of his monthly expenses. On this episode, we talk about managing his portfolio, how he find deals, and how he started working with partners as he started running out of his own money.

Direct download: Rental199B.mp3
Category:Business -- posted at: 3:00am EDT

Brandon shares how he was able to leave his job after buying 2 single family houses. We talk about why he decided to rent out the houses by the room vs renting the house to one tenant. We also talk about how he financed the rentals, how long it takes to manage them, and how he budgets for repairs and capex.

Direct download: Rental198B.mp3
Category:Business -- posted at: 3:00am EDT

Jay's first deal was going to be a live-in flip that didn't work out. He ended up turning it into a rental and lost money on it every month. A lot of people might have given up at that point. But, Jay stuck with it. He learned about cash flow and today owns a portfolio of cash flowing rentals.

Direct download: Rental197N.mp3
Category:Business -- posted at: 3:00am EDT

A listener recently sent me an email saying that he reached financial freedom with 10 rentals. He wanted to know why people build really large portfolios when they probably don't really need to. On this episode, we talk to a landlord that has over 100 rentals to ask him why he built such a large portfolio.

Direct download: Rental196.mp3
Category:Business -- posted at: 3:00am EDT

Scott built a rental portfolio of college rentals shortly after he graduated from college. The portfolio was working out great, and providing lots of cash flow. Scott ended up getting divorced and losing his entire portfolio. On this episode, we talk about how he built his first portfolio, and how he ended up building a better portfolio the second time around.

Direct download: rental195.mp3
Category:Business -- posted at: 3:00am EDT

We talk to Rich about a recent deal that he worked out where he ended up getting a rental property for free. Rich has very little turnover with his portfolio. We talk about what he is doing to get his tenants to stay for long periods of time. Rich also talks about a few recent deals he has done that don't meet the 1% rule, but are still profitable.

Direct download: Rental194.mp3
Category:Business -- posted at: 3:00am EDT

Jo shares how she got started in real estate by doing live-in flips and keeping houses to rent when she moved. Recently she has bought two properties using 20% down payments. Saving the money for down payments can be a challenge for a lot of people. On this episode, we talk about her simple strategy for saving for down payments. We also talk about how much she sets aside for repairs on her rentals.

Direct download: Rental193.mp3
Category:Business -- posted at: 3:00am EDT

Alina and Joe tell their story of renting out beds on a short-term basis to travelers. They have 30 beds available between two single-family houses. They even trade out the management to longer-term travelers that they let stay for free in exchange for managing the rentals.

Direct download: Rental192.mp3
Category:Business -- posted at: 3:00am EDT