Rental Income Podcast With Dan Lane

Our guest tells her nightmare story of buying a property from a turn key company. The company promised that she was buying a newly rehabbed property with a tenant in place. In reality, the property was not rehabbed and there was no tenant.

On this episode, we talk about what happened, and how you can avoid making the same mistakes.

Direct download: Rental221tk.mp3
Category:Business -- posted at: 3:00am EDT

Nathan talks about how he got started buying real estate to live in with a low down payment.

After a few years, he bought a new house and turned his old house into a rental. He did this a few times. 

After the real estate market crashed in 2008, he saw a lot of opportunities and started buying properties as rentals.

We also talk about single-family houses vs duplexes. Nathan has always bought single-family, but his most recent purchase was a duplex. We talk about why he decided to buy a duplex and the process of purchasing the property.

Direct download: Rental220.mp3
Category:Business -- posted at: 3:00am EDT

Kamren shares how he bought a lot without a plan on how he was going to make money with it. A few months later bought a mobile home and started rented it out. Things worked out, and he did 2 more transactions in the last year. On this episode, we talk about how he's financing his purchases, how much he makes off each rental, and figure out if there is a downside of investing in mobile homes.

Direct download: Rental219.mp3
Category:Business -- posted at: 3:00am EDT

Rich talks about how bought too many rentals when he got started in real estate. His rentals were costing him more than he expected. He had too many repairs, and issues with tenants not paying. He figured out that half his rentals were causing the majority of his problems. He decided to sell off half of his portfolio. Today he has a much smaller portfolio that is easier to manage and way more profitable. Today, his smaller portfolio generates enough cash flow to support him and his family.

Direct download: Rental218.mp3
Category:Business -- posted at: 3:00am EDT

CJ talks about how he got started buying college rentals with a partner. We talk about how his partnership is set up, and the roles of each partner. We go over the numbers for his deals and figure out if college rentals are more profitable than renting to traditional tenants. We also talk about the challenges with the management of students, and some of the lessons that he has learned.

Direct download: Rental217CJ.mp3
Category:Business -- posted at: 3:00am EDT