Rental Income Podcast With Dan Lane

Heman wanted to buy rentals, but he didn't have the cash to get started. On this episode, he talks about deciding to cash out his 401(K) and how he has turned that initial investment into a portfolio with millions of dollars in equity.

We compare what he would have made if he had kept his money in the stock market and what he has made off his rental properties.

We go over his numbers, his technique to get rent increases, and how he has had zero vacancy in his rental portfolio.

Direct download: Rental275.mp3
Category:Business -- posted at: 3:00am EDT

Marcus shares his simple formula to make $1 million with rental properties. He talks about a common mistake that investors make when they are looking to buy rentals. He also shares the numbers on one of his recent rental purchases, and what he does to keep his maintenance and repair costs low.

Direct download: Rental274C.mp3
Category:Business -- posted at: 3:00am EDT

Amanda was a single mom when she bought her first rental. She didn't have a lot of money, but she had a dream to retire early with rental properties.

On this episode, we walk-thru how she built her rental portfolio without having a lot of money.

She shares the creative strategies that she has used to find and purchase rental properties.

Direct download: Rental273C.mp3
Category:Business -- posted at: 3:00am EDT

Joe has invested in both local rentals, that he self-manages, and out of state turnkey rentals. The turnkey rentals were fully rehabbed, had a tenant in place, and property management was provided by the turnkey company.

On this episode, Joe shares his experience with buying turnkey rentals and shares how they have actually performed for him.

He also shares the minimum price to rent ratio an investor needs to be profitable with turnkey and the number for a self-managed property.

Direct download: Rental272.mp3
Category:Business -- posted at: 3:00am EDT

John talks about how he found a run-down apartment building, fixed it up, and was able to raise rents over $10K a month.

After the project was done he was able to refinance and get all of his money back.

On this episode, we talk about exactly what he did, how he overcame a few challenges, and his numbers.

Direct download: Rental271.mp3
Category:Business -- posted at: 3:00am EDT

Ann and her husband made a plan to replace their job income with rental income. They slowly started buying rental properties and building their rental income.

Eventually, they built enough passive income to replace their job income, and today they don't have 9 - 5 jobs. They are able to spend time with their kids, travel, and do what they want to do with their time.

On this episode, we figure out how Ann did it.

Direct download: Rental270.mp3
Category:Business -- posted at: 3:00am EDT

Brendan explains the basics of a 1031 in an easy to understand way.

We talk about the deadlines investors need to be aware of, and several situations that investors may find themselves in.

Brendan explains how to do a 1031 with partners, what happens if you own a property in an LLC, and how you can take some money out during the 1031.

He also shares 2 ways investors can avoid paying capital gains tax.

Direct download: Rental269.mp3
Category:Business -- posted at: 3:00am EDT

Larry talks about a recent property that he purchased for $500. We go over his rehab budget, and what the property rented for.

We also talk about the neighborhood that his properties are in. (hint: it's not a horrible neighborhood).

And how he screens and manages his tenants.

Direct download: Rental268.mp3
Category:Business -- posted at: 3:00am EDT

Husband and wife team Darrell and Ana have been buying rentals for a few years. They have had a lot of good things happen with their rentals, but they have also had some challenges with tenants, major expenses, rehabs, and financing.

On this episode we take an honest look into their portfolio and talk about the good and the bad of owning rentals.

Direct download: Rental267DA.mp3
Category:Business -- posted at: 3:00am EDT

Chris thought he wanted to own a few properties free and clear. After he did it, he realized that he didn't want a few rentals. He wanted to own a portfolio of rental properties, and he wasn't going to be able to do it without using mortgages.

On this episode, we talk about why he changed his thinking and how using debt has made him a better investor and landlord.

We also talk about some of the challenges he has faced as a landlord, and how he overcame them.

Direct download: Rental266Chris.mp3
Category:Business -- posted at: 3:00am EDT