Rental Income Podcast With Dan Lane: Landlord L Rental Property Owner L L Real Estate Investor L Passive Income L Find Good

On this episode we take a look back at some of Dan's favorite moments from 2023.We hear from 4 investors:* Scott talks about making $30K a month from his rentals (Episode 430)* Marky bought a duplex and later found out it wasn't legal (Episode 404)* Blake sold half of his portfolio and paid off the other half (Episode 438)* Andy made a lot of mistakes, but still ended up with a profitable property (Episode 413)Links to episodes:https://rentalincomepodcast.com/episode449

Farris shares his journey from being a brand new investor to reaching financial independence in just a few years.We talk about the kind of neighborhoods he's buying in, why he likes buying properties that are rent ready, and where he got the money from to start buying rentals.We also talk about how many rentals Farris needed to reach financial freedom, and how many rentals he thinks the average investor needs.Interested in learning more about how you can reach financial independence? Join the community:RentalInnerCircle.com

Andrew shares how tapping into the equity he had sitting in his primary residence helped him get started investing in rentals.Andrew also shares how house hacking to eliminate his monthly housing expenses, and becoming a part-time real estate agent, in addition to his day job, were also a huge part of earning extra money to invest.On this episode also shares a few other ways he was able to find money to invest.https://rentalincomepodcast.com/episode447

Saad shares his strategy of buying cheap houses and transforming them into two or three-unit buildings.We talk about how he gets this approved by the city, and the challenges he's had with contractors.Saad also shares how he is doing this without physically living in the same area as his rentals.https://rentalincomepodcast.com/episode446

Joe shares how he built up enough cash flow from his rental portfolio to retire from his job.We talk about what kinds of properties he's buying, where he got his down payment money from, and how he financed his portfolio.Joe also talks about how higher rates is affecting his investing.https://rentalincomepodcast.com/episode445

Tyler lives in an expensive area where the numbers didn't make sense to buy rentals.He wasn't interested in getting involved with extensive rehab projects. He wanted something that was going to be passive.He ended up investing in out of state in newly rehabbed and new construction properties.On this episode, we talk about how he picked the areas he ended up investing in, how he did his due diligence, and how the properties have worked out.Tyler also shares all the numbers for two of his deals.https://rentalincomepodcast.com/episode444

Caeli Ridge from Ridge Lending Group shares that a lot of rental property investors get started by harvesting the equity they have in their primary residence.As they are growing their rental portfolio, a lot of them tap into the equity they have created in their rental propertiesOn this bonus episode, Caeli shares the pros and cons of the different ways investors are harvesting equity.https://rentalincomepodcast.com/Bonus-Equity-Caeli-Ridge

Mike owns a business that generates a lot of profit, and causes him to pay a lot of taxes. He started buying rental properties that generate a paper loss and legally brings his taxable income to $0.On this episode, Mike shares how this is working for him.We also talk about how Mike is buying rentals out of state, and look at the numbers for one of his properties.https://rentalincomepodcast.com/episode443

Adam shares how he built his rental portfolio with the BRRRR strategy.We talk about how Adam is buying cheap houses in good neighborhoods, fixing them up, and renting them out.We also talk about how he's financing his properties, and challanges he's had with contractors.Adam shares the numbers on one of his deals, including the purchase price, rehab cost, and what the property is rented for, his expenses and his cash flow.https://rentalincomepodcast.com/episode442

Matthew was a guest on the podcast 3 years ago, on episode 280.At that time, Matthew had been investing in rentals for a year, and had 4 properties.On this episode, Matthew shares how he has grown his portfolio to 8 rentals that net him $10,000 a month and how he has grown his net worth by over $1 million.Matthew had a plan to pay off his mortgages on the last episode, we see if that is still his plan today.We also talk about how Matthew had to shift to buying in another area because real estate prices got too expensive.https://rentalincomepodcast.com/episode441

Ryan shares his experience working with what he thought was a good property manager....until he woke up one day and realized his manager ran off with the rent he collected, security deposts, and some other money.Ryan talks about what he learned from this situation, and the changes he's made to his property management to make sure something like this doesn't happen again.We also talk about why Ryan prefers to work with a property manager vs self managing his rentals. And how his property manager has helped him invest in other markets.https://rentalincomepodcast.com/episode440

Mark went bankrupt at 40 and lost everything. He knows that real estate is a great way to build wealth, but he wants to take on a lot of risk.On this episode we talk about how he's built a diversified portfolio of commercial real estate, regular long-term rentals, and Airbnb's.We talk about how Mark is saving a ton of money in taxes by renting is commercial real estate to his own business.Mark also explains how he's using the Profit First system to manage his rental income and expenses.https://rentalincomepodcast.com/episode439Thanks To Our Sponsors:TheGuarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages and more. All without increasing your operating expenses.Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

A few years ago Blake decided he wanted to build a big rental portfolio, and started aggressively buying rentals. Within a few years, he got to 300 doors.Once he hit his goal, he found that having so many rentals was way too stressful, and decided to sell off half of his rental portfolio.On this episode, Blake shares how he sold off half of his portfolio and used the proceeds to pay off the other half.We talk about how having a smaller paid-off portfolio is so much better and how it's profitable every month no matter what because he has no debt.Blake did this at a very high level, but this strategy works with even a few rentals.https://rentalincomepodcast.com/episode438

Dan & Mike share why it made more sense for them to partner up to buy this property than to buy it individually.We talk about how they found the property, how they financed it, and how they dealt with delays in getting the property fixed up.They also share their experience of not taking a security deposit from their tenants. Instead, they had their tenants buy them an insurance policy from TheGuarantors. The policy protects their rental income from tenant non-payment and property damage.They also share the numbers for the property.https://rentalincomepodcast.com/episode437

Jessie shares how she got started buy buying a house to live in, and renting rooms to help pay the mortgage.She bought a few properties this way, and a few with traditional down payments, but she didn't get serious about building her rental portfolio until January 2021, when she discovered the BRRRR strategy.Jessie is using none of her own money to buy and rehab her properties and is creating over $50,000 in equity on each deal she does.We also look at a recent deal and review all the numbers, including purchase price, rehab cost, refi amount, how much the property is rented for, and Jessie's cash flow.https://rentalincomepodcast.com/episode436

Craig wanted to invest for cash flow and appreciation. Instead of finding the perfect property that had potential for both, he invested in two different areas. One area has historically seen a lot of appreciation and the other had lower priced properties that cash flowed better.On this episode we see if one type of property has worked out better, in terms of being easier to manage and which has been more profitable.Craig has been buying and managing his properties from out of state. We see if this has been a challange.We also look at the numbers for a cash flow property and an appreciation property to see how they are performing.https://rentalincomepodcast.com/episode435Thanks To Our Sponsors:TheGuarantors – Protect your property against losses rent defaults, vacancies, lease breaks, damages and more. All without increasing your operating expenses.Ridge Lending Group – Mention Rental Income Podcast for a $250 credit at closing.

When Jessie (from Episode433) couldn't make things work with her Airbnb, she sold it to Jon.'On this episode, we talk to Jon about how he put together a creative deal to buy the furnished, turn-key property with no money down.Jessie couldn't make money in the summer, but not the rest of the year. Jon shares what he did to turn this into a property that is generating year-round revenue.https://rentalincomepodcast.com/episode434

Jessie's first Airbnb didn't go as well as she hoped, and she ended up having to sell the property.On the first of this two-part series, we figure out what went wrong. Jessie shares how she researched the area, furnished the property, and marketed it.As hard as Jessie worked at it, she couldn't make the property profitable and sold it.On part two of the series we talk to the investor that Jessie sold the property to and figure out how he turned things around.https://rentalincomepodcast.com/episode433Thanks To Our Sponsors:Armadillo - Take 10% off your rental property warranty using this linkFactor Meals - Use link to get 50% off your first shipment

When Andrew started investing in real estate, all he could afford to buy were really cheap properties in not-the-best neighborhoods.These properties made money, but he faced challenges with finding property managers and high expense ratios.Andrew sold those properties and started buying better properties in better neighborhoods.As those properties have appreciated, he has been selling them off and buying even better properties in even better areas.We also talk about how Andrew is able to buy two houses every time he sells a house.

Jeff shares the details of his plan to fund his retirement with rental income.We talk about how he's paying off his properties, how much cash flow his properties generate today, and how much they will generate when everything is paid off.Jeff also shares how he came up with his down payments, how he's financing his properties and we look at the numbers for his entire portfolio.https://rentalincomepodcast.com/episode431