Rental Income Podcast With Dan Lane (business)

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/episode456

Want to be a guest on the podcast? Reach out here:

https://rentalincomepodcast.com/contact

Direct download: Rental456JF2_copy.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental455BS2.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental454ST2.mp3
Category:Business -- posted at: 3:00am EDT

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 LLC
  • How to operate your LLC to minimize your chances of a judge invalidating it in the LLC in the event of a lawsuit
  • How to use equity stripping to protect your equity
  • The minimum liability insurance an investor should carry on each rental
  • Why investors should consider getting a PUP
  • How to protect yourself from lawsuits from contractors and mechanic liens
https://rentalincomepodcast.com/episode453
Direct download: Rental453JR.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: RENTAL452JP3.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental451AL.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental450DD.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental449.mp3
Category:Business -- posted at: 3:00am EDT

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

Direct download: Rental448FG.mp3
Category:Business -- posted at: 3:00am EDT

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.

Direct download: Rental447AF.mp3
Category:Business -- posted at: 3:00am EDT