Rental Income Podcast With Dan Lane

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

Direct download: Rental405JW2.mp3
Category:Business -- posted at: 3:00am EST

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.

Direct download: Rental404MS2.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental403GR.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental402DM.mp3
Category:Business -- posted at: 3:00am EST

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/episode401

Thanks To Our Sponsors:
Direct download: Rental401KR3.mp3
Category:Business -- posted at: 3:00am EST

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.
Direct download: Rental397JB.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental399-B22.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental398NW.mp3
Category:Business -- posted at: 3:00am EST

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.

Direct download: Rental398CS.mp3
Category:Business -- posted at: 3:00am EST

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/episode396

Direct download: Rental396PGREV.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental395.mp3
Category:Business -- posted at: 3:00am EST

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

Direct download: Rental394TL.mp3
Category:Business -- posted at: 3:00am EST

Elaine shares her "boring" strategy of buying cheap rental properties, fixing them up, and providing great customer service to her tenants.

Elaine did this over and over again until her rental income covered all of her living expenses.

On this episode, Elaine talks about why she keeps working and investing her money into growing her rental portfolio.

We also talk about why providing good customer service to her residents is so important.

https://rentalincomepodcast.com/episode393

Direct download: Rental393ES.mp3
Category:Business -- posted at: 3:00am EST

Rising interest rates has made it difficult to make the numbers work on a rental deal.

On the first part of this bonus episode, Larry Myer, who has been investing in rentals for 40 years, shares how he has invested in times of higher interest rates.

On the second part of the show Caeli Ridge shares from a lenders perspective how to invest today. She also talks about some loan programs she has that provide lower payments to help make the numbers work.

Contact Caeli:

https://ridgelendinggroup.com
855-747-4343

Thanks To Our Sponsor:

https://www.theguarantors.com/income


https://rentalincomepodcast.com/bonus_11-10-22

Direct download: Bonus_11-10-22.mp3
Category:Business -- posted at: 3:00am EST

Daniel shares his experience renting to travel nurses, who come in town to work on three month contracts.

He shares how much more money he makes doing this vs renting to a traditional long term tenant.

We talk about the types of properties he's been buying, and look at his numbers (what he paid, mortgage payment, other expenses, and his cash flow).

Daniel also shares how he screens his tenants, and how close to the hospital your property should be.

https://rentalincomepodcast.com/episode392

Direct download: Rental392DSNE1.mp3
Category:Business -- posted at: 3:00am EST

Luke lives in an expensive area, and couldn't make the numbers work on any rentals near his home.

He found an area about an hour and a half away where the properties were cheaper, and he could get a good return.

During the interview, Luke shares three things that he is doing with his rentals that make Dan Lane very nervous.

https://rentalincomepodcast.com/episode391

Direct download: Rental391LK-REV.mp3
Category:Business -- posted at: 3:00am EST

Larry doesn't have any worries about what happens to the real estate market or the economy because he owns his properties free and clear.

On this episode, we talk about the strategies that he used to pay off his properties. We also talk about the types of properties he buys, and why he decided a smaller portfolio was better than a bigger one.

https://rentalincomepodcast.com/episode390

Direct download: Rental390LM.mp3
Category:Business -- posted at: 3:00am EST

Jake shares how he bought a property without seeing the inside from an auction website.

The former owner was still living in the property when Jake closed on it.  We talk about how Jake was able to get him removed from the property, and what he spent to rehab the property.

Jake also shares the numbers from his 10 unit portfolio, including total rent collected, mortgage payments, and how much Jake sets aside for repairs, capex, and vacancy.

We also talk about Jake's strategy of using 15 year mortgages to get the properties paid off faster.

Direct download: Rental389.mp3
Category:Business -- posted at: 3:06am EST

On the first part of this episode Attorney Nic McGrue details the process landlords need to follow to garnish wages or take money out of a tenants bank account if a tenant doesn't pay rent.

On the second part of the interview, landlord Jan Gaweda shares his experience with garnishing the wages of two former tenants that stopped paying rent. He talks about his experience with the legal process, how things worked out, and how much back rent he collected.

https://rentalincomepodcast.com/garnishment

Thanks To Our Sponsor:

https://www.theguarantors.com/income

Direct download: Bonus-_Garnishment.mp3
Category:Business -- posted at: 3:00am EST

Nick talks about how his rental income covers his basic living expenses (mortgage payment, utility bills, food, insurance, etc). 

Not having to worry about earning that money every month, has given him and his wife the freedom to start businesses and to pursue their interests.

Nick shares the numbers for his portfolio, including total rental income, mortgage payments, expenses and his profit.

We also look at the numbers for a recent property he purchased.

https://rentalincomepodcast.com/episode388

Direct download: Rental388ND.mp3
Category:Business -- posted at: 3:00am EST

Tom shares how he invests in cheap properties (about $10k) in a small town of about 5,000 people.

We talk about how he has found deals off the MLS and from sheriff's sales. How he finds quality tenants and contractors, and how he finances his purchases.

We also talk about how he pays for major expenses, and the pros and cons of investing in a small town.

https://rentalincomepodcast.com/episode387

Direct download: Rental387.mp3
Category:Business -- posted at: 3:00am EST

Listen in as Caeli Ridge from Ridge Lending Group consults with Chris, who is a new investor on how he can go from owning one rental to building a portfolio of rentals that net him $8,000 a month.

Chris has access to a HELOC on his primary residence that he wants to use to help fund his rental purchases.

Caeli shows Chris where he needs to bring his credit score, how he can refi without having to wait for a 6 month seasoning period, and shows him what a hypothetical portfolio would like like.

Contact Caeli:

https://ridgelendinggroup.com

Direct download: Bonus-_9-29-22.mp3
Category:Business -- posted at: 6:39am EST

Kori raised money from a group of friends and formed a partnership to buy rentals.

On this episode we talk about how he is buying and rehabbing properties without being in the same city as his rentals.

We also look at the numbers for one of his deals, and take a look at the numbers for his entire portfolio and figure out how much they are netting after all expenses.

https://rentalincomepodcast.com/episode386

Direct download: Rental386_9-27-22.mp3
Category:Business -- posted at: 3:09am EST

To mark the 8-year anniversary of the Rental Income Podcast, a frequent guest of the podcast, Mike Grams, interviews Dan Lane.

Dan shares how he got started buying rentals, and how his team helps him buy rentals without Dan having to physically be inside his properties. 

Dan also talks about his criteria for buying rentals and shares his advice to new investors.

Direct download: Rental385.mp3
Category:Business -- posted at: 3:00am EST

Jesse shares how landlords can have tenants buy insurance instead of paying a security deposit.

This insurance would protect a landlord from lost rent if the tenant ended up being evicted as well as tenant-caused damage to the property.

On this bonus episode, we learn how this insurance works and see if there is a downside for landlords or tenants.

https://www.theguarantors.com/enroll-property

Direct download: Bonus_9-15-22_JSG.mp3
Category:Business -- posted at: 12:30am EST

Gabriel shares the details of his first two rental purchases, and how they looked great on a spreadsheet, but they didn't work out in real life.

We talk about what went wrong and figure out if Gabriel could have done anything differently to have made things work out.

We also talk about how Gabriel got out of these bad situations and actually made a profit. We also talk about how the lessons he learned have made him a better real estate investor.

https://rentalincomepodcast.com/episode384

Direct download: Rental384GJ.mp3
Category:Business -- posted at: 6:29am EST

On this episode, my guest shares how you don't have to build a rental portfolio and keep it forever. As things change in life you can change the properties you own.

We talk about how my guest built a portfolio of 30 apartments. As he got older, he wanted newer properties and fewer tenants. He sold the apartments and bought 7 single-family houses that produced the same cash flow.

My guest also shares how he used leverage to build his portfolio, and how he paid them off.

Direct download: Rental380SE.mp3
Category:Business -- posted at: 6:58am EST

Tom shares how he took the money that he had in an old 401(k) retirement account and started buying rentals with that money.

On this episode, we talk about how Tom set everything up, how he got a mortgage in his retirement account, and some of the IRS regulations you need to be aware of.

https://rentalincomepodcast.com/episode382

Direct download: Rental382.mp3
Category:Business -- posted at: 3:00am EST

Zach lives in an expensive area where a duplex would have cost him $400k or more. On this episode, Zach shares how he bought a duplex for $92K by looking out of state.

We talk about how he found the area he's investing in, how he found the property, and how he manages the property from halfway across the country.

Zach also shares how much he paid for the property, his expenses, and his monthly cash flow.

Direct download: RENTAL381ZC3.mp3
Category:Business -- posted at: 3:00am EST

Marvin owns a mix of single-family homes, apartments, Airbnb's, and mixed-use buildings. He doesn't have time to self-manage his properties, so he's outsourced the management to property management companies.

On this episode, we look at the numbers for his properties, including what he paid, how much they rent for, what his mortgage payments are, how much he pays his managers, how he budgets for repairs, and how much he profits from each property.

https://rentalincomepodcast.com/episode380

Direct download: Rental380MM2.mp3
Category:Business -- posted at: 3:00am EST

Ashish from investorfriendlycpa.com explains the difference between long-term and short-term rentals in the eyes of the IRS.

He shares how you can save money on taxes with either strategy and a big tax benefit to owning both types of rentals.

Mentioned on the podcast:

Bonus: How To Save Money With Real Estate Professional Status:

https://youtu.be/c_6gXuj3I8g

Direct download: Bonus_8-11-22.mp3
Category:Business -- posted at: 3:00am EST

Joe shares how because of his rental income he's able to be selective with freelance work he takes on for his 9 - 5 job. He only takes on projects that he will enjoy doing, instead of taking on whatever he can for the money.

Joe shares his gross rental income, mortgage payment amounts, typical expenses, and his net monthly cash flow.

We also talk about how he got started buying rentals, and why he likes buying both long-term rentals and Airbnb's.

https://rentalincomepodcast.com/episode379

Direct download: Rental379.mp3
Category:Business -- posted at: 3:00am EST

Michael wanted to buy rentals, but he ran out of down payment money.

He loved the idea of the BRRRR Strategy, but he's busy with his day job and doesn't have time to rehab properties. 

 On this episode, he shares how he's been buying rent-ready properties, with none of his own money.

We also talk about how he's finding properties, how he raised private money, and we talk about some of the risks to his strategy.

Direct download: Rental378LE.mp3
Category:Business -- posted at: 3:00am EST

Andy and Erika share how they have been saving money for down payments to buy rentals. 

We talk about their criteria to buy a property, what they are looking for in a potential tenant, and how they divide the management of their rental portfolio.

They also share their numbers for what their properties, what they are rented for, their mortgage payment, and their cash flow.

Direct download: Rental377LE.mp3
Category:Business -- posted at: 3:00am EST

Pravin shares his gross rent, expenses, and net profit for each type of rental he owns. 

On this episode, we talk about how he financed his portfolio, how long it took him to go from $0 to $83,000 in rental income, and why he decided to use a strategy of buying some properties for cash flow and others for cash flow and appreciation.

https://rentalincomepodcast.com/episode376

Direct download: Rental376.mp3
Category:Business -- posted at: 3:00am EST

Tina is an investor that nets about $5k a month from her rental portfolio. She wants to get to $10k a month.

This episode is a recording of a strategy session between Tina and Caeli Ridge.

They talk about Tina's goals, and how her credit affects her plans. Caeli also looks at a potential deal, and comes up with a game plan for Tina.

https://rentalincomepodcast.com/bonus-tina

Direct download: Caeli-Tina_Bonus.mp3
Category:Business -- posted at: 3:00am EST

On this episode Dan and Farris answer listener emails:

1.) Is this a bad time to invest in rental properties

2.) What are some of the best ways to find deals today?

3.) Finding money to buy my next property has been a challenge. What are some ways creative ways to find capital?

4.) Working with Realtors

https://rentalincomepodcast.com/episode375

Direct download: Rental375FG.mp3
Category:Business -- posted at: 3:00am EST

Tom shares how he went from being a new investor with 2 rentals to buying a portfolio of 75 rentals. 

We talk about how he found the deal, how dealt with losing some of his properties to eminent domain, and he sold off some of the properties for a huge gain.

Tom also shares what he paid for the portfolio, his gross rents and his net profit.

https://rentalincomepodcast.com/episode374

Direct download: Rental374TM.mp3
Category:Business -- posted at: 3:00am EST

Tom shares how instead of saving money for his kids to go to college, he bought 6 rentals. The cash flow those rentals generate has paid for his 4 kids to go to college.

He has also used the rental income to pay for a car and for his wife to stay home with the kids.

On this episode, we talk about his portfolio and how he manages his properties.

Direct download: Rental373b.mp3
Category:Business -- posted at: 3:00am EST

Marky wanted to invest in rentals, but properties were too expensive for him to do it locally.

On this episode, Marky shares his experience buying a fully rehabbed turnkey property. After seeing how that property worked out, he figured he could make more money if he put a team together and did the rehab on his own for future

Marky shares the good and the bad of out-of-state investing, and how things have worked out for him.

https://rentalincomepodcast.com/episode372

Direct download: Rental372MS.mp3
Category:Business -- posted at: 4:40am EST

Mortgage rates are increasing, the stock market has been tanking, and we are probably headed towards a recession. Is this a bad time to buy a rental?

We talk to a real estate agent, a lender, and a wholesaler to talk about what they are seeing in the market, to help you decide what is best for you.

Contact info for Bill Kenny, Caeli Ridge, And David Olds:

https://rentalincomepodcast.com/bonus-market

Direct download: Bonus_6-16-22.mp3
Category:Business -- posted at: 9:53pm EST

Brandon was able to replace his W2 income with a small rental portfolio.

On this episode, Brandon shares 4 things he did to set him up financially for the rest of his life.

We also look at Brandon's numbers including how much money he invested, his mortgage balance, gross rental income, expenses, and his monthly cash flow.

Direct download: Rental371.mp3
Category:Business -- posted at: 3:00am EST

Terry took out a HELOC against his primary residence and he uses it to buy rental properties.

He then uses the rental income to pay off the HELOC.

He has used this strategy to buy 7 houses that generate $7,000 a month in rental income.

Terry also shares his strategy of buying nice houses in good neighborhoods that are easy to manage.

We also talk about how Terry saves money on appliances and other upgrades he does to his properties.

Direct download: Rental370b.mp3
Category:Business -- posted at: 3:00am EST

Dakota shares his story of how he bought a property that he house hacked while working for Domino's Pizza as a delivery driver. We talk about how he continued to build his rental portfolio over the next 7 years by using a few different financing techniques.

He started with $419 and today he has millions of dollars in equity in his rental portfolio.

https://rentalincomepodcast.com/episode369

Direct download: Rental369.mp3
Category:Business -- posted at: 4:00am EST

Natasha shares how she was able to leave her W-2 job and support herself with her rental income.

We take a look at Natasha's portfolio and her numbers. We talk about how she budgets for repairs and vacancies, and how she uses the tax code to legally avoid paying taxes on her rental income.

We also talk about how Natasha gets health insurance, and why she rents herself, instead of owning a home.

https://rentalincomepodcast.com/episode368

Direct download: Rental368.mp3
Category:Business -- posted at: 3:00am EST

KC & Kaysie talk about selling a rental property that was netting them $1,500 a month, and moving the equity to a new property that now nets them $15,000 a month.

They open up their books and share all the numbers for the old and new property and we figure out how they were able to make this transaction happen.

We also talk about how they found the deal, how they financed it, and how they have been managing the property.

Direct download: Rental367Massie.mp3
Category:Business -- posted at: 3:00am EST

Heidi bought her first property to live in, but things changed in her life and she ended up renting the property.

On this episode, we talk about how Heidi dealt with lots of problems including tenants that didn't pay rent, property damage, and getting shut down by her city.

Heidi stuck with the property and today the property generates $2,000 a month in profit and has appreciated by over $200,000.

https://rentalincomepodcast.com/episode366

Direct download: Rental366.mp3
Category:Business -- posted at: 3:00am EST

Alan lives in an expensive area where it's really difficult, if not impossible to find properties that are going to generate cash flow.

On this episode, Alan shares how he found an area where the properties were much cheaper and the numbers worked better.

We talk about how he found his properties, we take a look at his number, and figure out how many rentals he needed to get to $70K.

 We also talk about challenges that he has had along the way.

https://rentalincomepodcast.com/episode365

Direct download: Rental365v2.mp3
Category:Business -- posted at: 3:00am EST

Greg talks about how he generates enough money off his rentals to pay all his bills.

He still works so that he can generate more cash to continue to buy more rentals and to continue to build his rental income.

We talk about why he likes buying condos and how why he's not afraid of condo fee increases, and how he has joined the condo board to have some say in how the development is run.

https://rentalincomepodcast.com/episode364

Direct download: Rental364_Final.mp3
Category:Business -- posted at: 4:00am EST

David thought about buying rentals for a long time. Recently, he felt like the time was right to buy his first rental.

On this episode, we talk about how he got his wife excited about the idea of buying a rental.

We also talk about how he found the property, how he financed the property, and how things have been working out.

David shares all his numbers, and we figure out if he got a good deal.

http://rentalincomepodcast.com/episode363

 

Direct download: Rental363.mp3
Category:Business -- posted at: 3:00am EST

Don wanted to build a rental portfolio that generated income for him to live on in retirement, but he wasn't interested on taking on a lot of debt or a lot of risk.

On this episode, he shares how he built a small portfolio of quality properties in good neighborhoods, and how he's been able to pay off several of his mortgages. 

Don also talks about how having paid off properties takes away the fear of having multiple tenants not paying rent, or moving out at the same time.

Don shares how he is doing a pre-retirement test run right now, and is taking monthly draws of his rental income to test what it is going to be like financially to retire.

https://rentalincomepodcast.com/episode362

Direct download: Rental362S.mp3
Category:Business -- posted at: 6:00am EST

Matt shares how he went from not making much money and living on a couch to owning a rental portfolio that generates $15,000 a month in gross rental income.

We talk about how he got the money to get started, how he eliminated his housing expenses with a house hack, and we look at the numbers for his portfolio and figure out how much he nets after all expenses.

Direct download: Rental361Rev2.mp3
Category:Business -- posted at: 4:00am EST

Alex shares how he buys a rental property as he saves down payments.

He doesn't do major rehabs or creative financing. He has found most of his properties off the MLS, but over the last few years, his properties have generated a ton of cash flow and appreciation.

On this episode, Alex also talks about some mistakes he has made and how he screens property managers.

https://rentalincomepodcast.com/episode360

Direct download: Rental360v3.mp3
Category:Business -- posted at: 4:00am EST

Patrick loves owning rentals, but it hasn't always been easy. He's had to deal with fires, floods, bad tenants, and not always having enough money to pay for repairs. On this episode, we talk about both the good and the bad of owning rentals, and how Patrick has overcome some tough situations.

https://rentalincomepodcast.com/episode359

Direct download: Rental359.mp3
Category:Business -- posted at: 3:00am EST

Jeff shares how he earns triple the revenue vs what his competitors are earning with an Airbnb.

We talk about where he is buying, what he did to upgrade the house, how he raised the money to purchase the property, and how he finds guests that are willing to pay a premium to rent his Airbnb.

We also talk about how he avoided what could have been a pretty big legal issue.

https://rentalincomepodcast.com/episode358

Direct download: Rental358B.mp3
Category:Business -- posted at: 4:00am EST

Carlo talks about the 5 different ways we get paid (at the same time) owning rental properties. We also talk about what types of properties Carlo is buying, what type of neighborhoods they are in.

We also talk about how Carlo has financed his properties, and the level of risk he is comfortable with.

Direct download: Rental357_FInal.mp3
Category:Business -- posted at: 5:38am EST

Philip shares how he created a rental portfolio that nets $12k per month after all expenses, by tapping into equity that he had in his primary residence.

We talk about how he created the equity in his home, and how he used a HELOC (home equity line of credit) to access the equity.

Philip shares how having access to the equity enabled him to get really good deals on rental properties because he could make cash offers.

We also talk about how he's been able to recycle the equity over and over to build his rental portfolio.

Direct download: Rental356_Final.mp3
Category:Business -- posted at: 3:00am EST

Kevin talks about his experience turning his primary residence into a rental. 

We talk about why he decided to rent his property vs sell the property, what he needed to do before he rented his property, and how things have worked out for him.

We also talk about tax considerations to think about before turning a home into a rental and a way that investors can save money on repair costs.

https://rentalincomepodcast.com/episode355

Direct download: Rental355B.mp3
Category:Business -- posted at: 3:00am EST

Adrian had a good, stable job with a pension, but he walked away from it all because he wanted more out of life.

On this episode, we talk about the types of properties Adrian bought, how many rentals it took him to be able to leave his job, how he budgets for expenses and how he financed his portfolio.

We also take a look at the numbers for the first turnkey property he bought, and how he gets infinite returns today using the BRRRR strategy.

 

Direct download: Rental354np.mp3
Category:Business -- posted at: 3:00am EST

Zach shares his experience investing in new construction rentals. We talk about what he's looking for in an area to invest in, we talk about if he upgrades the property or rents it as it comes, and his unique way of finding tenants.

We also look at his numbers for a recent deal including what he paid for the property, his mortgage payment, the rent, typical expenses, and his cash flow.

https://rentalincomepodcast.com/episode353

Direct download: Rental353.mp3
Category:Business -- posted at: 3:00am EST

Paul lives in an expensive area, and he's been doing BRRRR projects in another state.

On this episode, Paul talks about what has gone right, and how he has overcome some challenges.

We also take a look at a recent deal and go over his numbers. We also take a look at his entire portfolio and review his rent, expenses and cash flow.

https://rentalincomepodcast.com/episode352

Direct download: Rental352.mp3
Category:Business -- posted at: 3:00am EST

A lot of investors are having trouble finding deals that meet the 1% rule.

On this episode, Bill shares how he's finding incredible deals that meet the 2% rule.

We also talk about a small apartment building that Bill purchased and how he was able to increase his cash flow by lowering the expenses and increasing the rents.

https://rentalincomepodcast.com/episode351

Direct download: Rental351.mp3
Category:Business -- posted at: 3:00am EST

Caeli Ridge shares what's been going on in the mortgage market, and why rates have been going up recently.

We look at where rates are today and how they compare to when the pandemic first started, and in 2019.

We also talk about where rates are headed.

Contact Caeli

https://www.ridgelendinggroup.com
1-855-747-4343
info@ridgelendinggroup.com

Direct download: Bonus__1-20-22.mp3
Category:Business -- posted at: 3:00am EST

Chris talks about why he doesn't use the 1% rule to evaluate rental properties.

We talk about what he's looking for in a rental property, his average purchase price, and his average rental amount.

We also talk about if he owns his rentals personally or in an LLC

Direct download: Rental350v2.mp3
Category:Business -- posted at: 3:00am EST

Joel shares how a new investor making a modest income can go from $0 to $10,000 a month in net rental income.

He provides a road map with examples of what types of properties to buy, and he shares hypothetical numbers for the rental purchase price, the loan amount, mortgage payment, repair reserves, and estimated rent and cash flow amounts.

Of course, we can't guarantee you will make $10,000 per month with Joel's plan. But, it's a great starting point.

https://rentalincomepodcast.com/episode349

Direct download: Rental349.mp3
Category:Business -- posted at: 3:00am EST

Michael talks about how he's been able to increase his cash flow by turning the basement of a single-family home into a separate basement apartment.

We talk about how he modified the basement, and how much it cost him.

Michael shares what he needed to do to make the ADU legal, and how he deals with utilities.

We also compare how much money he makes renting out the property with the ADU vs how much he would make if he didn't modify the property.

https://rentalincomepodcast.com/episode348

Direct download: Rental348New.mp3
Category:Business -- posted at: 3:00am EST

On this episode, we look back at the 5 best interviews of 2021.

My guest talk about:

* Building a rental portfolio for generational wealth
* How to build a rental portfolio for retirement income
* How he went from a newbie to $15K in rental income in just 2 years
* The types of properties make the best rental,
* A guest shares how he made some mistakes and ended up losing his rental properties to foreclosure.

Check out the full interviews:

https://rentalincomepodcast.com/episode347

Direct download: Rental347.mp3
Category:Business -- posted at: 3:00am EST

David talks about how it's really not that difficult to reach financial freedom from rental properties. We talk about how he calculated his freedom number, and how you can back into any income goal with some simple math.

We also talk about how built his rental portfolio with just a few thousand dollars, and how he plans to get his portfolio paid off in way less than 30 years.

Direct download: Rental346v2.mp3
Category:Business -- posted at: 3:00am EST

Sean thought about buying rentals for 20 years, but fear of the unknown stopped him from getting started.

On this episode, we talk about how Sean learned more about rental properties and overcame his fear. We talk about how rentals helped him eliminate his monthly housing payment, and how today he is receiving cash flow and appreciation from his rental portfolio.

Direct download: Rental342.mp3
Category:Business -- posted at: 3:00am EST

There are four main types of LLCs. On this bonus episode, Ashish From InvestorFriendlyCPA.com explains the differences between them.

We talk about the kind of LLC most investors should use, and the two types of LLC'S that investors should avoid. Using the wrong LLC can cause an investor to pay a lot of extra money in taxes.

Direct download: Bonus_LLC_12-9-21.mp3
Category:Business -- posted at: 3:00am EST

Michael shares his secret to building a profitable rental portfolio.

We talk about how what he is doing with his rentals to get better tenants that pay a higher rent and stay for a long time.

We talk about how he keeps his maintenance costs down by rehabbing his rentals as soon as he buys them.

Michael also shares the numbers and the details on a recent rental purchase

Direct download: Rental344b.mp3
Category:Business -- posted at: 3:00am EST

The idea that you could borrow money to make money without having a lot of money blew Aaron's mind.

On this episode, Aaron talks about how he got started with rentals doing a house hack and ended up getting paid to live in his property, and made $70K when he sold that property a few years later.

We also talk about how he bought his second rental with no money down, and how having a real estate license and access to the MLS has helped him get better deals.

 

Direct download: Rental343AM.mp3
Category:Business -- posted at: 3:00am EST

Dave talks about how he quit his job before he had enough rental income to replace his W2 income.

Being able to focus on real estate full-time gave him the time to find deals and grow his rental portfolio.

On this episode, Dave talks about the returns he is looking for in a rental property, a creative way that he has been able to cut his expenses to increase his cash flow, and if he thinks investors are better off with a small or a big rental portfolio.

Direct download: Rental342DH.mp3
Category:Business -- posted at: 3:00am EST

You don't need to spend thousands of dollars on a rehab to charge a higher rent.

On this bonus episode, Lee Fjord shares some cheap and easy upgrades that he does to his rentals that help him charge a higher rent, and get a better return.

Direct download: Bonus_11-18-21_B.mp3
Category:Business -- posted at: 3:00am EST

Zach has a full-time job and doesn't have time to do any complicated strategies to find rentals or take on a rehab project. He's been buying properties that need minimal fixes that can be rented out as soon as he closes on them.

On this episode we talk about how Zach has been building his portfolio, we take a look at one of his deals, and talk about how he has overcome a few challenges.

Direct download: Rental341.mp3
Category:Business -- posted at: 3:00am EST

Sean had a tenant suddenly pass away. On the first part of this episode, we talk to Sean about what happened to the lease, what he did with the personal property of the tenant, and how he got back control of the property.

On the second part of the episode, we talk to Attorney Jules Haas to see if Sean handled the situation correctly and to see if there are other issues that landlords need to be aware of.

 

 

Direct download: Bonus_11-11-21_B.mp3
Category:Business -- posted at: 3:00am EST

Tom knew that he needed to come up with a plan for retirement income. He figured out that if he bought a few rental properties and worked on getting them paid off he would be able to generate enough income to support himself.

On this episode, we talk about how Tom got started with just a little bit of money, and how he paid off his properties.

We also talk about some of the challenges that Tom faced along the way, and how he overcame them.

Direct download: Rental_340B.mp3
Category:Business -- posted at: 3:00am EST

Chris had a lot of potential tenants that weren't very serious about renting from him. To eliminate the tire kickers, Chris started making people interested in viewing the property fill out a full application and pay an application fee before seeing the property.

On this bonus episode, we talk about how this works, and how it's been working out for Chris.

Direct download: Bonus_11-4-21_B.mp3
Category:Business -- posted at: 3:00am EST

John talks about what investors should be looking for in rental properties, and what he's looking for.

We also talk about the 1% rule, and if this is still a good benchmark to evaluate rental properties, and other factors that investors should consider.

Direct download: Rental339v2.mp3
Category:Business -- posted at: 3:00am EST

Ashish from investorfriendlycpa.com explains how rental property investors can save money on taxes with real estate professional status.

We talk about what it is, how to qualify, and rules that investors need to be aware of.

Direct download: BonusTax2ver3.mp3
Category:Business -- posted at: 3:00am EST

Curtis shares the numbers behind his 8 unit portfolio. We talk about his gross rents, expenses, and his monthly profit.

We also talk about how he finds traveling nurses, how he manages his properties, and how he does his leases.

Direct download: Rental338b.mp3
Category:Business -- posted at: 3:00am EST

On this bonus episode, Dominic shares details of a recent rental he purchased.

We talk about how he found the property, what he paid, details of his rehab, and we go over his numbers.

Direct download: DOM_Bonus_BRRRR.mp3
Category:Business -- posted at: 3:00am EST

Bryan shares how he had a rough start buying rentals. It took him 3 years to turn around his first 4-plex.

On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow.

Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to buy his second.

Direct download: Rental337.mp3
Category:Business -- posted at: 3:00am EST

Josh wanted to invest in rentals, but the numbers didn't work in the area that he lives. Real Estate is too expensive, and the rents aren't high enough to make a profit.

On this episode, Josh talks about how he found a less expensive area, and with the help of a good Realtor he has been able to buy rentals and build monthly passive income

Direct download: Rental336josh.mp3
Category:Business -- posted at: 3:00am EST

Farris talks about how he finds great tenants for his rentals. We talk about the number one thing that investors can do to attract good tenants.

We also talk about where he advertises his rentals (and where he doesn't), how he does showings, how he does pre-screening, where he goes for online screening and other things he looks for in his screening process.

Direct download: Bonus-Perfect_Tenant.mp3
Category:Business -- posted at: 6:00am EST

Matthew & Kim share how they are working towards replacing their W2 job income with a small rental portfolio.

On this episode, we take a look at where they are now, their current rental income, and talk about their plans to pay off their entire portfolio.

We also talk about how their old school way that they manage their rental portfolio without any online software or technology.

Direct download: Rental336.mp3
Category:Business -- posted at: 3:09am EST

Kori talks about how he is building out his rental portfolio the same way he would start a business.

On this episode, we talk about how he raised money from partners to buy properties, and how he has set everything up to buy and manage properties without him having to be in the same city as his properties.

We also talk about his plans to build a big rental portfolio with the plan of eventually selling it off for a profit.

Direct download: Rental334C.mp3
Category:Business -- posted at: 3:00am EST

Mike is buying a duplex where the current owner has long-term tenants and hasn't raised rent in a long time. He isn't sure if he should raise rent, and risk the tenants leaving or keep the rent the same and keep the tenants.

On this episode, we get opinions from several landlords to help Mike decide what to do.

Direct download: Rental333AR.mp3
Category:Business -- posted at: 3:00am EST

Caeli Ridge shares some good news about the mortgage market that is going to mean lower rates for investors.

Direct download: Bonus-_Mortgage_News.mp3
Category:Business -- posted at: 6:00am EST

Farris started buying rentals on his own, but recently decided to partner up with a friend to continue to grow his rental portfolio.

On this episode, we talk about how they set up their partnership to avoid duplicating work, what to look for in a good partner, and we talk about two recent deals that Farris and his partner purchased.

Direct download: Rental_332MW.mp3
Category:Business -- posted at: 3:00am EST

Ashish from Investor Friendly CPA.com answers a listener's question about if buying a rental in another state will help him save money on his state taxes.

We also talk about if owning a rental in another state can help you save money on taxes.

Direct download: Bonus-_State_Taxes.mp3
Category:Business -- posted at: 3:00am EST

Quentin wanted time and location freedom, and he figured that if he bought enough cash flowing rentals they would give him freedom.

On this episode, we talk about how much rental income he needed to replace his W2 income,and how many rentals he needed to get to that number.

We also talk about the kind of properties he bought, and how much cash he needed to invest to build his portfolio.

Direct download: Rental331D.mp3
Category:Business -- posted at: 3:00am EST

Eric talks about how he got started by turning a condo that he lived in into a rental. He rented the property out for a few years and was making about $300/month. Recently, he sold that property and moved the equity to a 4-Plex using a 1031 Tax-Deferred Exchange, and increased his cash flow to $1,200 a month.

Direct download: Rental330.mp3
Category:Business -- posted at: 3:00am EST

Anthony talks about what he looks for in a rental property, and the simple math that he does to evaluate potential deals.

We look at one of his recent deals, and he shows us the numbers that he's looking at to see if a deal makes sense

Direct download: Rental329.mp3
Category:Business -- posted at: 3:00am EST

Ramon shares how he set a goal to buy 50 rentals thinking that if he built a big rental portfolio he would make a lot of money.

But, things didn't work out that way. He ended up not making money and losing his properties to foreclosure.

On this episode, we figure out how things went bad and how he was able to build a smaller portfolio that is way more profitable.

Direct download: rental328.mp3
Category:Business -- posted at: 3:00am EST

Corey and Bethany did the math to figure out how much money they would need to save for down payments to build a big rental portfolio and felt discouraged. They figured out it would take them years to save enough money.

They wanted to get started today, so they had to figure out another way.

On this episode, they share how they got the money to get started.

Direct download: Rental327b.mp3
Category:Business -- posted at: 3:00am EST

Mekkel shares how he was able to go part-time at his job because of his rental income.

On this episode, we talk about his portfolio of 5 rental units, and look at the numbers. We also talk about how he came up with the down payments to get started.

 

Direct download: Rental326.mp3
Category:Business -- posted at: 3:00am EST

Steve is getting ready to retire and support himself off his rental income. On this episode, we talk about how Steve slowly built a portfolio of condos over the years as he was working full-time.

We talk about what he looked for in a perfect rental, his strategy to identify off-market deals, and how he was able to buy properties with cash and reinvest that cash into buying more rentals.

Direct download: Rental325.mp3
Category:Business -- posted at: 3:00am EST

Natasha loved the idea of buying rentals, but her husband did not like the idea at all.

On this episode, we talk about how she convinced him to buy one property, to try it out....but that property didn't work out as she planned and they ended up losing money.

Natasha didn't give up. She changed her strategy, got her husband excited again and they ended up building a portfolio of 10 rentals.

On this episode, we talk about what Natasha did differently, and how her portfolio has worked out.

Direct download: Rental324.mp3
Category:Business -- posted at: 3:00am EST

Daniel owns three different types of rentals: regular long-term, Airbnb, and he rents short-term to traveling nurses. On this episode, we talk about Daniel's experience with each. 

We talk about the work involved in managing each type of rental and look at Daniel's gross income, expenses, and his net profit for each type of rental.

Direct download: Rental323.mp3
Category:Business -- posted at: 3:00am EST