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

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

Scott started buying rentals while working his W-2 job. His company had some management changes and he ended up getting laid off. At first he was stressed out, but then he realized he was going to be okay because of his rental income.On this episode we talk about how Scott has found a lot of success buying lower cost affordable housing rentals. We also talk about why lower cost properties are less risky than more expensive properties, and we look at one of his deals that didn't work out.Scott shares the numbers for his entire portfolio including his total monthly rent, mortgage payment, other expenses, and his monthly profit.https://rentalincomepodcast.com/episode430Thanks To Our Sponsors:Armadillo - Take 10% off your rental property warranty using this linkRidge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Thomas was a fan of Dave Ramsey and his debt-free teachings. But, he thinks following Dave's strategy when it comes to investing in rentals is causing people to miss out on building substantial wealth.Thomas doesn't believe that all debt is bad, and he thinks that it's possible to be conservative with debt, and still build wealth.On this episode, Thomas shares how he's building wealth without being over-leveraged.https://rentalincomepodcast.com/episode429

Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.Eventually, Harley wasn't getting a good return on his equity.He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!https://rentalincomepodcast.com/episode428

Zeke talks about how he built a portfolio of 50 rental doors in just 4 years.We talk about what the neighborhoods are like, if there is a bed/bath combination that rents best, the age of the properties, and how he's rehabbing the properties.Zeke also shares how he found the down payment money since he didn't have much money when he started investing.We also talk about the unique way that he's been finding properties, and how he got help managing them.https://rentalincomepodcast.com/episode427

Nick talks about how having an extra $5,000 a month has improved his life. The extra money gave him the freedom to live life on his terms. He was able to leave his 9 - 5 job and start his own business because of his rental income.We talk about how Nick has cut his living expenses by house hacking, and how having lower overhead allowed him to save money for down payments to buy more properties.Nick also shares the numbers for one of his deals, and we look at the income and expenses for his entire portfolio.We also talk about the simple wat Nick tracks his income and expenses.https://rentalincomepodcast.com/episode426

Camille shares her story of how she started with nothing and built a rental portfolio with over $1 million in equity that generates over $10K a month in cash flow.We talk about how she started by house hacking. House hacking allowed her to save money that she used to buy a beach condo.Camille also shares how the pandemic and some of the financial rules at the time helped her buy more rental properties.We also look at the numbers for her portfolio, including total rental income, expenses and how she gets to $10K per month in cash flow.https://rentalincomepodcast.com/episode425

Ashish from investorfriendlycpa.com talks about a simple strategy to avoid getting audited.We also talk about a strategy to legally pay no taxes on rental income, and how a little planning can save you thousands of dollars in taxes.

Kristina shares how she's been successful in investing in rentals by being flexible with her strategy.We also talk about how she's had to change how she's found deals as they became harder to find.Kristina shares the numbers for her portfolio, including gross rent, mortgage payment, repairs and cash flow.We also take a look at one of her deals.https://rentalincomepodcast.com/episode424

Ray And Letitia had no idea it would be so hard to buy a property in their IRA.On this episode, they share the lessons they learned going through the process, and some major mistakes they could have made if they had not spent the time to learn the IRS rules on self-directed IRAs.We also talk about what the process was like purchasing their property, and how they dealt with a major change that almost ruined their business plan.

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/episode422Thanks To Our Sponsors:The GuarantorsRidge Lending Group

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/episode421This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4540074/advertisement

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