Guido had a ton of problems in his early investing days. His basement flooded, he had evictions, and rumored drug dealers in one of his rentals. One day he got frustrated and decided to sell his property.

His property went under contract, and Guido immediately regretted his decision to sell. Luckily, the contract ended up falling through, and Guido went to work turning the property around.

A few years later the property appreciated and Guido was able to do a cash-out refi for $750,000.

On this episode, we talk about how he was able to take that money and build a rental portfolio that generates six figures in cash flow every year.

https://rentalincomepodcast.com/episode422

Johnathan talks about how he buys rentals to generate monthly cash flow that gives him freedom to live life on his terms.

Currently, he doesn't need the cash flow to pay his bills, so he reinvests all of that money back into his portfolio to continue to build his portfolio.

We also talk about how Jonathan buys some properties for appreciation, and others for cash flow.

He also shares the details for one of his deals including expenses and cash flow.

https://rentalincomepodcast.com/episode421

Jake shares his strategy for generating money to buy rental properties.

When he looks at a property, he figures out if it would be a good flip or a good rental. If he ends up flipping it, he'll set the profit aside to buy his next rental. When he buys his next rental, he now has cash flow for the rest of his life.

On this episode we talk about how he decides if a property is a better flip or a rental. We also talk about how he's finding deals and how he's financing them.

https://rentalincomepodcast.com/episode420

Harrison shares his strategy of buying run-down apartment buildings, in areas of the city that are improving.

We talk about how he is making extra money by starting retail businesses in the commercial portion of the building.

Harrison details how he's been able to buy and fix up the properties using very little of his own money.

We also take a look at one of his deals and look at the rental income, mortgage payment, other expenses, cash flow, and how much equity he's created by fixing up the building.

https://rentalincomepodcast.com/episode419

Andres figured out pretty quickly that he was not going to be able to buy very many rentals using his own money.

He started creating win-win "Creative Partnerships" to raise money to buy rental properties that generate profits for him and his investors.

On this episode, we talk about how he did it, and we also look at his entire portfolio and figure out how he generates about $10K a month in rental income and has created $2 million in equity.

https://rentalincomepodcast.com/episode418

Nick shares how his rentals make him an extra $2K a month with very little work.

Nick talks about the strategy he has been using to pay off his rentals, and how he plans to have his entire portfolio paid off in the next 7 - 8 years.

We take a look at his numbers including the total rent collected every month, and his expenses (mortgage payments, taxes, insurance, repairs, and management fees.)

We also talk about some of the big expenses Nick has had with his rentals, and how he survived those big expenses.

https://rentalincomepodcast.com/episode417

Jake is comfortable with mortgage debt, but his wife isn't. Together they came up with a compromise to use mortgages to purchase properties but to get them paid off as quickly as possible. Today they have paid off 75% of their mortgage debt.

On this episode, Jake shares three strategies he has used to pay off their mortgages.

Jake also shares a unique way that he has found off-market deals.

https://rentalincomepodcast.com/episode416

Caeli Ridge from Ridge Lending Group shares how to get approved for a mortgage on a rental property.

We talk about the minimum credit score, the documents that you will need to provide, and the reserve requirements.

We also talk about the timeframe to close a loan, and the 4 mistakes that Caeli has seen borrowers make.

https://rentalincomepodcast.com/bonus-mortgage-approval

Al started with a small condo and a 4 Plex that he house hacked.

After a series of trading up to bigger and better properties, he ended up with a 74-unit apartment complex that nets him $28,000 per month.

We talk about how Al found a neglected property and turned it around (from halfway across the country), how he manages the property, and review all the numbers, including total monthly rent, expenses, and cash flow.

We also talk about the series of trades that Al made to get where he is today.

https://rentalincomepodcast.com/episode415

Anytime Michael would manage to save $10,000 he would always find something to buy with his money. He figured out that it would be a better use of his money to buy a rental with the money and the cash flow that the property generated would make him even more money every month.

On this episode Michael shares if small apartment buildings or single-family homes have been better investments for him.

He also talks about how he built a diversified portfolio with properties in different types of neighborhoods.

He also shares how he got rid of a bad tenant that was about to scare off good tenants.

https://rentalincomepodcast.com/episode414

Andy made a lot of mistakes with his first rental. He paid too much, he didn't budget for expenses and vacancies, and he didn't use the 1% rule, or other criteria to evaluate the property.

Rentals can be very forgiving, and with time, his rents went up, he was able to bring his payments down by refinancing and appealing his property taxes. Today this is one of his property is his best-performing rentals.

On this episode, we talk about what Andy learned from this experience, and how it helped him become a better investor.

Farris shares how he went from not knowing anything about real estate five years ago, to owning a portfolio of rental properties that nets him $90K a month.

We talk about what types of properties he's buying, and where he is getting the money from.

Farris has an amazing story because he isn't doing anything risky. He has been buying occupied properties that generate cash flow as soon as he closes, and using traditional mortgages with 20% - 25% down payments.

https://rentalincomepodcast.com/episode412

Mike shares his experience of buying out-of-state properties for cash flow. The properties looked great on his spreadsheet - and they did make money. But, he wasn't making the kind of returns he was looking for.

Mike has made way more buying properties, holding them for a while, and then selling them for a large profit.

We talk about how much Mike has made on his transactions, and why he prefers to sell them vs holding them for the long term.

https://rentalincomepodcast.com/episode411

Terry shares the details of turning a traditional long-term rental into a corporate rental.

We talk about the best location for a corporate rental, how he finds tenants, and how long they generally stay with him.

Terry also shares how much he spent furnishing his rental, how much vacancy he has, and how much time he spends managing his property.

Amy shares how she found money for down payments by tapping into equity wherever she could find it, including her cars, home equity, and retirement money.

She also shares the unique strategy that she is using to finance her portfolio without having to come up with a lot of money.

Amy owns a mix of single family and 4 unit buildings. We see which type of property is more profitable.

We also take a look at one of her properties and talk about how she found it and we go over all her numbers.

Thanks To Our Sponsors:

The Guarantors
Ridge Lending Group

Show Notes:

https://rentalincomepodcast.com/episode409

Vessi lives in an expensive area, where the laws are not very landlord friendly. This made it difficult to invest in rental properties locally.

On this episode, Vessi shares how she found the area she is investing in, and how she bought her first few properties.

We also look at the numbers for her first deal and see if things have turned out the way she projected.

https://rentalincomepodcast.com/episode408

Most people would be in a tight spot financially if they suddenly stopped getting their paycheck.

Luckily Walter started buying rentals a few years before he got laid off, and the income from his rental portfolio produced enough monthly income that it covered most of his living expenses.

This gave him some breathing room as he transitioned to a new career.

On this episode, we take a look at Walter's portfolio including the type of properties he's purchased, and how he financed them.

We also take a look at his numbers including his total monthly rent collected, expenses, and his net cash flow.

https://rentalincomepodcast.com/episode407

Mike's primary residence increased in value and he tapped into that equity to buy his first rental.

On this episode, Mike shares why used a HELOC vs a traditional mortgage. We also talk about the advantages and risks of a HELOC, and how he plans to recycle his equity to buy more rentals.

We also talk about the strategy that Mike used to have his tenants ask for a $200 rent increase.

https://rentalincomepodcast.com/episode406

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

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.

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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.

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

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

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.

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

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.

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

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

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

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.

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.

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

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

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

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

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.

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

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

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.

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.

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

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

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.

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

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

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

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

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

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.

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

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

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

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.

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.

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

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.

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

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

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

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

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

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

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

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.