Rental Income Podcast With Dan Lane (Business)

Chris shares how she makes really good money renting her basement to traveling nurses.

We talk about what nurses are looking for in a short-term rental, how she finds nurses, and how she is able to stay booked year-round.

We also talk about her plan to buy more properties and rent them exclusively to traveling nurses.

Direct download: Rental286-2.mp3
Category:Business -- posted at: 3:00am EDT

Four years ago on this podcast, Ken talked about his strategy of buying individual rentals and building a rental portfolio with the goal of selling his portfolio to Wall Street.

On this episode, we check-in with Ken and find out that he has actually sold his portfolio for way above market value to a Wall Street bank.

We talk about how Ken didn't need as many rentals as he thought he would, how he sold his portfolio, and how much extra profit he made by finding the right buyer.

Direct download: Rental285.mp3
Category:Business -- posted at: 3:00am EDT

After Zack paid all of his bills every month, he didn't have any money left over to save for down payments. He decided that he was going to have to figure out other ways to make more money if he wanted to buy rental properties.

On this episode Zack shares 4 ways he is earning extra money, and how much he makes from each of his side hustles.

Direct download: Rental284ZB.mp3
Category:Business -- posted at: 3:00am EDT

David wanted to buy rental properties for financial independence. But, he didn't make a lot of money.

On this episode, he shares how he saved the money to get started, how he built his rental portfolio and the unique way that he pays himself.

Direct download: Rental283.mp3
Category:Business -- posted at: 3:00am EDT

Jeremy talks about how he got started buying rentals. We talk about researching markets and how he decided where to invest.

We also talk about a big challenge he's had with one of his properties, and how he's dealing with it, and how everything has been working out so far.

Direct download: Rental282.mp3
Category:Business -- posted at: 3:00am EDT

Ron's goal is to make his rentals as passive as possible. He does this by minimizing his touches with his tenants.

On this episode, he shares how he sets expectations during the lease signing and some of the clauses he has added to his lease.

We also talk about how he quickly gets rid of bad tenants, and how he takes himself out of repair issues.

Direct download: Rental281.mp3
Category:Business -- posted at: 3:00am EDT

Matthew's rentals do not meet the 1% rule, but his properties still cash flow. On this episode, we talk about what he's looking for in a rental instead.

We also look at one of his rentals and figure out what he paid for it, how much it's renting for, and how much cash flow it's generating.

Matthew also shares tips on how he is winning property bidding wars in a competitive market.

Direct download: Rental280.mp3
Category:Business -- posted at: 3:00am EDT

Tiffany shares how she went from being brand new to investing in real estate to building a small rental portfolio that paid for her to travel the world.

She shares how she managed her properties while she was out of the country, and how not giving up during a really tough time ended up giving her the freedom to live life on her terms.

Direct download: Rental284B.mp3
Category:Business -- posted at: 3:00am EDT

Caeli Ridge gives a live look at the current investment mortgage rates for a rental purchase, refi, and cash-out refi.

She also updates us on the latest with the new mortgage tax.

Direct download: Rental-Bonus-Rates-Tax.mp3
Category:Business -- posted at: 3:00am EDT

Jennings thinks that it is a really bad idea for real estate investors to manage their own rentals. He thinks that investors are actually creating a second job when they self-manage when the entire reason they started investing in rentals is for passive income and freedom.

On this episode, we talk about mistakes that landlords make when they self-manage and how a good property manager can actually make an investor more money.

Direct download: Rental278.mp3
Category:Business -- posted at: 3:00am EDT

Joel shares how rentals made him rich by following a simple old school plan of buying rentals over time, and not selling them.

He bought his first rental property over 40 years ago and as he had the money he would add to his portfolio. Doing this consistently over a long period of time allowed him to build up enough monthly rental income that he was able to retire from his day job.

On this episode, we talk about how he did it, and he gives advice on how you can do it too.

Direct download: Rental277JM.mp3
Category:Business -- posted at: 3:00am EDT

My guest has some major problems with her rental portfolio. She has multiple tenants not paying rent, and she has vacant properties that need repairs and she doesn't have the funds to make the repairs.

She has a few tenants paying rent, but she's not bringing in enough income to cover her mortgages and the repairs. If she doesn't make some changes quickly she may lose her entire rental portfolio.

On this episode, we talk about how she got in this situation, and we bring in another experienced landlord to offer some guidance on how she can turn things around.

Direct download: Rental276b.mp3
Category:Business -- posted at: 3:00am EDT

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

The biggest expense we have as landlords is when you have a turnover. Usually, something needs to be fixed or replaced. You may have some vacancy between tenants, and you may have to pay a commission to place a tenant.

My guest today has an incredibly profitable portfolio because her tenants don't leave. Her average tenant stays for 8 years.

That didn't happen by accident or because she had good luck. On this episode, we find out what she is doing to keep tenants for so long.

Direct download: Rental266.mp3
Category:Business -- posted at: 3:00am EDT

On this episode of the podcast, Edwin describes how he bought properties and used the cash flow that those properties generated to buy more properties. The more properties he bought the bigger his cash flow became, and the more properties he could continue to buy.

We also talk about the hidden way that rentals helped him build wealth, and some of the things he has done to make his rentals more profitable.

Direct download: Rental264.mp3
Category:Business -- posted at: 3:00am EDT

John shares how he built his rental portfolio without any debt. We talk about how he saved the money to buy his rentals with cash.

He also goes over the numbers for one of his recent rentals, and he talks about why he only buys properties in really good neighborhoods.

Direct download: Rental263.mp3
Category:Business -- posted at: 3:00am EDT

Randy and Jana share their unique strategy of leasing single-family houses to a charity that provides housing to special needs kids.

Randy and Jana are not responsible for any child care or any of the activities inside the home.

On this episode, they explain how the program works, the best type of properties to do this with, and what their experience has been like.

Direct download: Rental262.mp3
Category:Business -- posted at: 3:00am EDT

When Jens bought his first couple of rentals he made a few mistakes. He had a lot of trouble with the type of tenants he was attracting, and his repair expenses were a lot higher than he thought they should be.

Pretty quickly, he figured out what he was doing wrong and he made some adjustments to his investing criteria.

On this episode, we figure out what he did wrong, what he learned, and how that experience has made him a better investor today.

Direct download: Rental261-2.mp3
Category:Business -- posted at: 3:00am EDT

John shares how he figured out the math behind building a rental portfolio that generates him $20,000 a month in profit.

We talk about how he built his portfolio without taking a lot of risk, and why he likes buying properties that don't require a lot of rehab work.

Direct download: Rental260-2.mp3
Category:Business -- posted at: 3:00am EDT

If you are in a tight spot financially, or you think you may be in the future, a mortgage forbearance might sound like the perfect solution.

You take a break from your mortgage payments and you can catch up in the future when things are better.

This sounds great, but there is a BIG downside to taking a forbearance.

On this bonus episode, we talk about what will really happen, if you take a mortgage forbearance.

Caeli Ridge From Ridge Lending Group explains how a forbearance works and why you don't want to take one.

Direct download: UglyTruth.mp3
Category:Business -- posted at: 5:59pm EDT

What happens when good tenants get laid off? If they lose their job will they still pay rent? On this episode, we talk to four landlords to hear their experience with collecting rent during COVID-19.

We talk about how many of their tenants paid rent, and some of the strategies that they are using to help their tenants get the money to pay them.

Direct download: Rental259-4_landlords.mp3
Category:Business -- posted at: 3:00am EDT

We first met Chris, on this podcast, two years ago. On episode 148, Chris talked about how he was working full-time, and slowly building his rental portfolio on the side.

On this episode, we follow-up with Chris, and find out that he has been able to leave his job, and today he and his wife live off their rental income.

We talk about how he was able to increase his real estate income and lower his expenses.

Direct download: Rental258Chris2-2.mp3
Category:Business -- posted at: 3:00am EDT

Andy is a teacher and doesn't make a lot of money. But, he has managed to buy 11 rentals over the last few years. On this episode, we talk about the different strategies that he has used to buy his properties, and how he manages his rentals with his full-time job.

We also talk about the unique way that he screens his tenants, and how he has been able to squeeze a little extra monthly cash flow out of his rentals.

Direct download: Rental256.mp3
Category:Business -- posted at: 3:00am EDT

COVID-19 continues to change the mortgage market. On this bonus episode, Caeli Ridge talks about how mortgage lending programs have changed in the last few weeks, and how some of these changes may benefit investors.

We also talk about changes to the way that appraisals are being done today.

As well as how banks are working with rental property investors, if they have a tenant that can't pay rent due to a job loss or illness.

Direct download: bonus_caeli_ridge_april_2_20.mp3
Category:Business -- posted at: 3:00am EDT

Matt talks about how he was able to reduce his living expenses by house hacking. Doing this enabled him to save money that he used to buy really cheap properties (in good neighborhoods. Today the cash flow from those properties is enough to cover all of his living expenses.

He still works full-time, but he is able to save 100% of that money, to continue to build his wealth and buy more rentals.

Direct download: Rental256Lenza.mp3
Category:Business -- posted at: 3:00am EDT

Jason bought rentals, and made a lot of money, during the last two recessions. On this episode, compare how he felt after 9/11 and 2008 vs today, and if he would buy rentals in this market.

Jason has also recently made a lot of changes to the way he manages his rental properties due to the Coronavirus. We talk about what he's doing differently with showings, managing tenants, and working with late payments.

Direct download: Rental255Cor.mp3
Category:Business -- posted at: 3:00am EDT

Fleming shares how Coronavirus has affected him and his rentals so far. We also share tips on how to communicate with tenants during this crisis, and how landlords can protect their investment.

Direct download: Rental254cv.mp3
Category:Business -- posted at: 3:00am EDT

Tucker just closed on first rental. On this episode, we talk about how he educated himself on rentals, how he made connections with local a local Realtor and Property Manager.

We also talk about how he researched different neighborhoods to find the best area to invest in.

We review his numbers and talk about how much he is making monthly on his first deal.

Direct download: Rental253.mp3
Category:Business -- posted at: 3:00am EDT

We talk about how the Coronavirus and the emergency rate cut have affected the mortgage market.

We look at the current rates and talk about when it might make sense to refi a rental.

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

Pam has been investing in rental properties for 40 years, and also owns a property management company that manages over 1,000 rentals for other investors.

Through that experience, she has figured out exactly what makes a profitable and low-hassle rental property. In this episode, she shares exactly what she's looking for when she buys a rental property.

We also talk about some of the big mistakes that she sees investors make.

Direct download: Rental252.mp3
Category:Business -- posted at: 3:00am EDT

Section 8 and other rental subsidy programs can be a great way for landlords to receive guaranteed rent payments every month.

But, there are some potential negative things to be aware of.

On this episode, Rich Hudec, and investor who owns Section 8 properties, shares the good and bad of Section 8.

Direct download: Rental251.mp3
Category:Business -- posted at: 3:00am EDT

Chase wanted to start buying rentals, but he didn't have much money. The only rentals he could afford were really cheap rentals in a bad neighborhood.

The returns looked great on paper, but a lot of investors have trouble getting this type of property to preform because they tend to have more tenant turnover and higher maintenance costs.

On this episode, we find out how Chase's investment worked out, what he learned.

Direct download: Rental250.mp3
Category:Business -- posted at: 3:00am EDT

Chris has a full-time job, a wife, young kids, but he has somehow found time to buy a portfolio of cash-flowing rental properties.

On this episode, we talk about how he built his portfolio, how he financed his rentals, and how he has automated the management of his rentals.

Direct download: Rental249.mp3
Category:Business -- posted at: 3:00am EDT

Jim has always been interested in buying rentals, but he never had the time to do it.

After getting laid off in his 50's he needed to figure out how he was going to support his family. He decided it was time to start buying rentals.

Jim didn't need a build a huge rental portfolio. He bought a few properties over a few years, and today he lives off his rental income.

On this episode, he tells us how he did it, and the numbers behind his portfolio.

Direct download: Rental248b.mp3
Category:Business -- posted at: 3:00am EDT

Brad had a ton of consumer debt. He followed Dave Ramsey's baby steps to pay everything off. Once he was debt-free, he decided that he was never going to borrow any money ever again.

On this episode, Brad talks about how he only will invest in a rental if he has the cash to buy it outright

We talk about why he thinks investing without debt is the best way to go, how he saved the cash, and how he has been using the cash that his rentals generate to buy more rentals.

Direct download: Rental247.mp3
Category:Business -- posted at: 3:00am EDT

Michael lives in a high cost and high tax area. This makes it very difficult to invest in rentals - but not impossible.

In this episode, Michael talks about some of the challenges he has faced with investing and how he has been able to make things work.

He also shares the type of properties that make the most sense in his area, and the challenges he has faced as he has rehabbed properties and managing his tenants.

Direct download: Rental246.mp3
Category:Business -- posted at: 3:00am EDT

Isaac had a plan to buy rentals in neighborhoods that were close to hot neighborhoods that have seen a lot of appreciation.

After a few years of buying rentals, his bet paid off and his properties have appreciated. He decided that now was a good time to sell half of his rental portfolio.

On this episode, we talk about how he decided it was time to sell, how he sold, and look at the numbers of one of his recent sales.

Direct download: Rental245.mp3
Category:Business -- posted at: 3:00am EDT

Chris had no money and no credit when he started buying rentals. He formed a partnership to buy rentals and he created a lot of equity with his partners. At some point, his partners wanted to cash out an sell the portfolio.

Chris walked away with a pretty big check, but made a bad investment and lost everything.

We talk about what Chris learned and how he was able to build a better portfolio when he had to start over from scratch.

Direct download: Rental244b.mp3
Category:Business -- posted at: 3:00am EDT

On this episode we look back at some of the best landlord tips and advice from 2019.

We talk about:

How To Easily Self-Manage Rentals

2 Ways To Save For A Down Payment

A Smart Way To Rehab Rentals

How To Find High-Quality Tenants

Why Your Numbers Don't Have To Be 100% Exact

How To Pay Off Mortgages Quickly

Direct download: Rental243BO.mp3
Category:Business -- posted at: 3:00am EDT

Monie had a ton of debt, got divorced, and lost her job all at the same time. As soon as she got back on her feet, she decided that she was never going to rely on only one source of income again. She decided to buy rentals to have an additional source of income. On this episode, we talk about how she did it.

Direct download: Rental242.mp3
Category:Business -- posted at: 3:00am EDT

Jared is building a diversified rental portfolio. He has some rentals in a growing area where properties are appreciating at a pretty good rate.

He also owns out-of-state properties in an area that isn't appreciating as quickly but they produce great cash flow.

When you put everything together, you get a diversified portfolio that is appreciating and producing monthly cash flow.

Direct download: Rental241.mp3
Category:Business -- posted at: 3:00am EDT

Chris shares his strategy to own 15 properties free and clear. We talk about how he's paying them off, and why he wants to pay them off quickly vs owning them with mortgages.

Chris also shares how he bought his first property with no money, and his second with a small down payment.

We also talk about mistakes he's made with tenant screening, and why he likes regular rentals better than Airbnb.

Direct download: Rental240.mp3
Category:Business -- posted at: 3:00am EDT

Eric has bought multiple rentals in other parts of the country, without seeing them in person. On this episode, we talk about how he researched good areas to invest in, found the best neighborhoods, and found properties to invest in.

We also talk about how he manages the rentals without physically being in the same city.

Direct download: Rental239ej.mp3
Category:Business -- posted at: 3:00am EDT

Corey shares her slow and steady plan to buy rentals on this episode.

She talks about how she has bought houses to live in, and as she outgrew the houses she would rent them out, and buy a new house to live in.

We also talk about her numbers, the mistakes that she has made along the way, and how she has paid off a mortgage with just a little bit of discipline.

Direct download: Rental238.mp3
Category:Business -- posted at: 3:00am EDT

Leon read a lot of books and followed the advice of a lot of the big real estate gurus. Their advice worked until the market crashed in 2008. After the market crash, he lost several properties and ended up declaring bankruptcy.

The good thing that came out of that experience is that he learned how to protect his portfolio and his rental income from the next recession. On this episode, we talk about how Leon has built a bulletproof rental portfolio.

Direct download: Rental239b.mp3
Category:Business -- posted at: 3:00am EDT

Caeli shares details on the lending options to buy a rental property, and what you need to do to qualify for a loan.

For more information, contact Caeli:

ridgelendinggroup.com
855-74-RIDGE (855-747-4343)
info@ridgelendinggroup.com

Direct download: Bonus11-19.mp3
Category:Business -- posted at: 12:12pm EDT

Grayson and Danielle are able to live for free because the rent from the three tenants in their 4-plex more than covers the mortgage.

They also own another 4-plex and a single-family home that generates enough income that Danielle was able to leave her job.


On this episode, we talk about the creative way that they found their properties, how they financed them, and how they generated some quick cash for a down payment.

Direct download: rental236b.mp3
Category:Business -- posted at: 3:00am EDT

Darren shares exactly how he has built his portfolio using the BRRRR strategy. He shares the steps that he took to line up the financing to build his portfolio

He also tells us the two things that you want to make sure you spend money on when you are fixing up a property, and he does not spend money on.

We talk about what he is looking for in a potential deal, and how he finds them.

Direct download: Rental235b.mp3
Category:Business -- posted at: 3:00am EDT

Jennifer was staying at home with her daughter and didn't want to go back to work. She figured out that if she could buy rental properties that generated passive income, she could earn enough money without having to work full-time.

On this episode, we talk about how she has automated her business to the point where it doesn't require too much of her time.

Direct download: Rental234.mp3
Category:Business -- posted at: 3:00am EDT

Kevin shares some inexpensive things that he does with his rentals to get higer rent. He also shares what he did to tenant proof his rentals to reduce his maintenance and turnover costs, and some of the ways that he has outsourced the management of his rentals without hiring a property manager.

Direct download: Rental233.mp3
Category:Business -- posted at: 3:00am EDT

There are lots of little things that investors can do to make their rental properties more profitable. Mike is an investor and a property manager, and on this episode he shares several tips to make your rentals more profitable.

Direct download: Rental232.mp3
Category:Business -- posted at: 3:00am EDT

Rennie was broke and had no retirement plan at 50. He found a partner and started buying rentals with the hope of generating some money so that he could retire someday. His plan worked and today he is lives off his rental income. On this episode we talk about how he did it.

Direct download: Rental231nn.mp3
Category:Business -- posted at: 3:00am EDT

On this episode we talk about the types of properties Randy has found make the best rentals, and what he is currently looking to buy.

In all the years Randy has been investing, and after renting to thousands of tenants, he's never had to evict a tenant. We talk about his secret to only having good tenants.

We also talk about how he screened and how he manages his property managers.

He also offers advice on how you can survive and grow during the next recession.

Direct download: Rental230nn.mp3
Category:Business -- posted at: 3:00am EDT

It can be tough to make money renting condos because the condo fees usually eat away the profit. But, my guest today has figured out how to make money renting condos. He has built his porfolio only buying condos. On this episode he shares how he profits $7,000 a year on average on each condo he rents out.

Direct download: Rentlal229.mp3
Category:Business -- posted at: 3:00am EDT

Rob owns some rentals that on paper should have made him a really good return. But, they haven't performed as he had hoped. He's just broken even on them.

He has another group of rentals that shold have made an average return on paper, but they have ended up made him a millionaire.

On this episode, we talk about what went wrong with the first portfolio, and why things work out so great on the second portfolio.

Direct download: Rental228.mp3
Category:Business -- posted at: 3:00am EDT

Brad talks about his strategy of buying rentals, keeping them for 5 years, and then selling them for a profit. We also go over his system that makes it really easy for him to manage his rentals while working full-time.

Direct download: Rental227.mp3
Category:Business -- posted at: 3:00am EDT

Marlon shares how he got started investing a year ago, and now makes about $2,300 a month in rental income. We talk about how saved the money to get started. We also talk about how he manages his rentals, while working a full-time job.

Direct download: Rental226NE.mp3
Category:Business -- posted at: 3:00am EDT

Kayla shares where she looks for off-market deals, how she markets to them, and what she says to them to convince them to see their property to her. She also shares how she is able to finance properties at 0% interest.

Direct download: Rental225.mp3
Category:Business -- posted at: 3:00am EDT

Steve shares his get rich slow plan that enabled him to quit his corporate job and live off rental income. We talk about how he got started, and how he slowly built his rental portfolio by buying rental properties with cash. We talk about how he is generating big chunks of cash that enable him to continue to buy more rental properties.

Direct download: Rental224.mp3
Category:Business -- posted at: 3:00am EDT

Mike didn't know a lot about rentals or even have a clear plan on how he would one day be able to quit his job and live on his rental income. On this episode, we talk about how he figured out how to buy rentals with no money and eventually build a rental portfolio of over 70 rentals.

Direct download: rental223c.mp3
Category:Business -- posted at: 3:00am EDT

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

Mike shares his incredible journey from waiting tables and knowing nothing about real estate to owning 60 properties without mortgages.

He tells us how he was able to pay off all his rentals in shorter than 30 years, and his secret to managing his portfolio with very little effort.

Direct download: Rental216mccann.mp3
Category:Business -- posted at: 3:00am EDT

I talk to two different guests, from two different parts of the country, that are saving for retirement by buying rental properties. We talk about what they are looking for in an investment, and how they are financing the properties. We also talk about their strategies to eventually support themselves with rental income.

Direct download: Rental215-3.mp3
Category:Business -- posted at: 3:00am EDT

Caeli shares a new creative financing loan program that she has to finance rental properties. We talk about how this program can save investors thousands of dollars in interest, and how investors can use this loan to help them buy more properties.

Direct download: Rental214.mp3
Category:Business -- posted at: 3:00am EDT

Peter had a bad accident that cut his career short. He had to figure out another way to generate an income to support his family. He figured out that if he could buy enough rentals, he could cover all of his monthly expenses. On this episode, we talk about exactly how he did it.

Direct download: Rental213.mp3
Category:Business -- posted at: 3:00am EDT

Ryan talks about how he makes 2X the rent by renting his properties by the room. We also talk about how he self-manages his rentals from over 1,000 miles away. We talk about how he shows properties when he can't personally be there, how he deals with repairs, how he matches tenants to make sure that everyone in his rentals will get along.

Direct download: Rental212.mp3
Category:Business -- posted at: 3:00am EDT

Peter talks about how buying two rental properties changed the trajectory of his life. He talks about how the equity in those properties helped him buy his personal house, plus helped him fund additional rental purchases.

Direct download: Rental211b.mp3
Category:Business -- posted at: 3:00am EDT

Tim and Crystal buy high-end luxury homes. On paper, these properties may not look like they are going to be profitable. But, they have turned out to be great investments. On this episode, Tim and Crystal share their experience with high-end rentals and how they made $1 million in 2017 alone.

Direct download: Rental210.mp3
Category:Business -- posted at: 3:00am EDT

Alex talks about how he is finding rentals the same way that people have been buying rentals for hundreds of years. He isn't doing anything fancy, or risky. His strategy is really simple, and a strategy that a lot of people can easily follow, to build their own rental portfolio.

Direct download: Rental209.mp3
Category:Business -- posted at: 3:30am EDT

We talk to two different investors to figure out how to have a successful rental property partnership. First, we talk to a husband and wife team that tried buying rentals with a partner. Things didn't work out and they ended up having to end the partnership. Next, we talk to an investor that has successfully purchased rentals with a partner. We figure out what he did differently in his partnership to make it successful.

Direct download: Rental208-2.mp3
Category:Business -- posted at: 3:00am EDT

Steve bought a 3 Unit building that he rents, while he lives in someone else's rental.

On this episode, we talk about why he does this, how he gets guaranteed rent from one unit, that covers the mortgage, and how he manages the property while working full-time.

Direct download: Rental207.mp3
Category:Business -- posted at: 3:00am EDT

Caeli shares how she started investing in properties that lost a little money every month - but had a huge potential to appreciate in value. The properties did appreciate and she was making good money, until the real estate market crashed in '08/'09. After the crash, she lost a lot of properties and learned how important it was to make sure every rental cash flows. On this episode, we talk about how she survived the market downturn and what she is doing differently with her rentals today.

Direct download: Rental206b.mp3
Category:Business -- posted at: 3:00am EDT

Anton is working on a plan to retire early with real estate. He has a full-time job and also generates $100K a year passively from his rentals. On this episode, we talk about how he got to where he is today, where he is headed, and talk about the numbers on one of his recent deals.

Direct download: Rental205.mp3
Category:Business -- posted at: 3:00am EDT

We talk to two landlords to get their take on if it makes sense to buy a rental property in a retirement account. First, we talk to Cory Binsfield about why he thinks it's a bad idea. He talks about what he sees as the disadvantages of buying a rental in an IRA. Next, we talk to Joe Facenda about why he thinks it's a great idea. Joe has bought 5 properties in his IRA, and it has worked out great. On this episode, we put the info out there, to help you decide what's right for you.

Direct download: Rental204B.mp3
Category:Business -- posted at: 3:00am EDT

Nick wanted to invest in rentals, but he didn't have any money, credit, or real estate knowledge. He figured things out and bought his first property. Unfortunately, things didn't work out with that first property and Nick lost money. He stuck with it and kept learning. Eventually, he found the money and built the credit. Today he owns several cash flowing rentals. On this episode, we find out how he did it.

Direct download: Rental203B.mp3
Category:Business -- posted at: 3:23am EDT

Jason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.

Direct download: Rental201.mp3
Category:Business -- posted at: 3:00am EDT

On this episode, we talk about why we recently sold two rental houses. We also talk about how we have been finding other properties to add to our portfolio and talk about a few of the rentals that we have recently purchased.

Direct download: Rental200.mp3
Category:Business -- posted at: 3:00am EDT

Marc shares how he started building his rental portfolio after reading Rich Dad, Poor Dad. He was buying a new property about every 10 months and realized that it was going to take him forever to get where he wanted to go. He eventually left his job to work full-time as a Realtor, and today his rental portfolio could support about 50% of his monthly expenses. On this episode, we talk about managing his portfolio, how he find deals, and how he started working with partners as he started running out of his own money.

Direct download: Rental199B.mp3
Category:Business -- posted at: 3:00am EDT

Brandon shares how he was able to leave his job after buying 2 single family houses. We talk about why he decided to rent out the houses by the room vs renting the house to one tenant. We also talk about how he financed the rentals, how long it takes to manage them, and how he budgets for repairs and capex.

Direct download: Rental198B.mp3
Category:Business -- posted at: 3:00am EDT

A listener recently sent me an email saying that he reached financial freedom with 10 rentals. He wanted to know why people build really large portfolios when they probably don't really need to. On this episode, we talk to a landlord that has over 100 rentals to ask him why he built such a large portfolio.

Direct download: Rental196.mp3
Category:Business -- posted at: 3:00am EDT

We talk to Rich about a recent deal that he worked out where he ended up getting a rental property for free. Rich has very little turnover with his portfolio. We talk about what he is doing to get his tenants to stay for long periods of time. Rich also talks about a few recent deals he has done that don't meet the 1% rule, but are still profitable.

Direct download: Rental194.mp3
Category:Business -- posted at: 3:00am EDT

Jo shares how she got started in real estate by doing live-in flips and keeping houses to rent when she moved. Recently she has bought two properties using 20% down payments. Saving the money for down payments can be a challenge for a lot of people. On this episode, we talk about her simple strategy for saving for down payments. We also talk about how much she sets aside for repairs on her rentals.

Direct download: Rental193.mp3
Category:Business -- posted at: 3:00am EDT

Alina and Joe tell their story of renting out beds on a short-term basis to travelers. They have 30 beds available between two single-family houses. They even trade out the management to longer-term travelers that they let stay for free in exchange for managing the rentals.

Direct download: Rental192.mp3
Category:Business -- posted at: 3:00am EDT

Jeff shares how he got started owning rental properties, and 3 tools that he uses to make the management of his rentals easy.

Direct download: Rental191JC.mp3
Category:Business -- posted at: 3:00am EDT

Tiffany bought her first property when she was still in college and rented out rooms to other students. After she graduated she bought a few more properties and has continued to rent the properties out by the room. On this episode, Tiffany shares her experience owning college rentals, and tips to manage the tenants.

Direct download: Rental190-2.mp3
Category:Business -- posted at: 3:00am EDT

Matt shares how he started out investing with a house hack. As he started buying more rentals he self-managed. Eventually, he needed help and instead of hiring a property manager, he hired part-time people to help him. Recently, he turned over the day to day management of his rentals over to a property manager. This episode is an interesting look into what Matt was thinking as he grew his portfolio.

Direct download: Rental189-MF.mp3
Category:Business -- posted at: 3:00am EDT

Brian read books and thought about buying rentals for 15 years. He was a follower of Dave Ramsey and thought that he needed to save a large sum of money to buy a rental. After he listened to the Rental Income Podcast, he heard a previous episode, where a guest bought a rental with a small down payment. After hearing that episode he thought that might be a better way to get started. On this episode, we talk about exactly what he did.

Direct download: Rental188_NR.mp3
Category:Business -- posted at: 3:00am EDT