Rental Income Podcast With Dan Lane (Business)

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

Direct download: Rental436JL.mp3
Category:Business -- posted at: 3:00am EDT

Craig wanted to invest for cash flow and appreciation. Instead of finding the perfect property that had potential for both, he invested in two different areas. One area has historically seen a lot of appreciation and the other had lower priced properties that cash flowed better.

On this episode we see if one type of property has worked out better, in terms of being easier to manage and which has been more profitable.

Craig has been buying and managing his properties from out of state. We see if this has been a challange.

We also look at the numbers for a cash flow property and an appreciation property to see how they are performing.

https://rentalincomepodcast.com/episode435

Direct download: Rental435CS.mp3
Category:Business -- posted at: 3:00am EDT

When Jessie (from Episode433) couldn't make things work with her Airbnb, she sold it to Jon.'

On this episode, we talk to Jon about how he put together a creative deal to buy the furnished, turn-key property with no money down.

Jessie couldn't make money in the summer, but not the rest of the year. Jon shares what he did to turn this into a property that is generating year-round revenue.

https://rentalincomepodcast.com/episode434

Direct download: Rental434JS.mp3
Category:Business -- posted at: 3:00am EDT

Jessie's first Airbnb didn't go as well as she hoped, and she ended up having to sell the property.

On the first of this two-part series, we figure out what went wrong. Jessie shares how she researched the area, furnished the property, and marketed it.

As hard as Jessie worked at it, she couldn't make the property profitable and sold it.

On part two of the series we talk to the investor that Jessie sold the property to and figure out how he turned things around.

https://rentalincomepodcast.com/episode433

Direct download: Rental433JD2.mp3
Category:Business -- posted at: 3:00am EDT

When Andrew started investing in real estate, all he could afford to buy were really cheap properties in not-the-best neighborhoods.

These properties made money, but he faced challenges with finding property managers and high expense ratios.

Andrew sold those properties and started buying better properties in better neighborhoods.

As those properties have appreciated, he has been selling them off and buying even better properties in even better areas.

We also talk about how Andrew is able to buy two houses every time he sells a house.

Direct download: Rental432AP.mp3
Category:Business -- posted at: 3:00am EDT

Jeff shares the details of his plan to fund his retirement with rental income.

We talk about how he's paying off his properties, how much cash flow his properties generate today, and how much they will generate when everything is paid off.

Jeff also shares how he came up with his down payments, how he's financing his properties and we look at the numbers for his entire portfolio.

https://rentalincomepodcast.com/episode431

Direct download: Rental431JM.mp3
Category:Business -- posted at: 3:00am EDT

Scott started buying rentals while working his W-2 job. His company had some management changes and he ended up getting laid off. At first he was stressed out, but then he realized he was going to be okay because of his rental income.

On this episode we talk about how Scott has found a lot of success buying lower cost affordable housing rentals.

We also talk about why lower cost properties are less risky than more expensive properties, and we look at one of his deals that didn't work out.

Scott shares the numbers for his entire portfolio including his total monthly rent, mortgage payment, other expenses, and his monthly profit.

https://rentalincomepodcast.com/episode430

Direct download: Rental430SW_copy.mp3
Category:Business -- posted at: 3:00am EDT

Thomas was a fan of Dave Ramsey and his debt-free teachings. But, he thinks following Dave's strategy when it comes to investing in rentals is causing people to miss out on building substantial wealth.

Thomas doesn't believe that all debt is bad, and he thinks that it's possible to be conservative with debt, and still build wealth.

On this episode, Thomas shares how he's building wealth without being over-leveraged.

https://rentalincomepodcast.com/episode429

Direct download: Rental429TDREV.mp3
Category:Business -- posted at: 3:00am EDT

Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.

Eventually, Harley wasn't getting a good return on his equity.

He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.

For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!


https://rentalincomepodcast.com/episode428

Direct download: Rental428HG.mp3
Category:Business -- posted at: 3:00am EDT

Zeke talks about how he built a portfolio of 50 rental doors in just 4 years.

We talk about what the neighborhoods are like, if there is a bed/bath combination that rents best, the age of the properties, and how he's rehabbing the properties.

Zeke also shares how he found the down payment money since he didn't have much money when he started investing.

We also talk about the unique way that he's been finding properties, and how he got help managing them.

https://rentalincomepodcast.com/episode427

Direct download: Rental427ZL.mp3
Category:Business -- posted at: 3:00am EDT