A Step-By-Step Plan To Earn $10,000/Month In Rental Income With Joel Miller (Ep 349)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 11 January 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
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
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now |
| 0:08.4 | dan lay today we're going to break down how someone can get to $10,000 per month in net rental |
| 0:15.9 | income i think $10,000 a month is a great number to shoot for i think most people can live a pretty good lifestyle on $10,000 a month is a great number to shoot for. I think most people can live a pretty good lifestyle on $10,000 a month. |
| 0:25.7 | But I realize everyone's got a different financial situation. |
| 0:29.9 | $10,000 a month may be way more than some people need, or it might not be quite enough money for you. |
| 0:36.8 | Whatever your situation is, I think $10,000 a month is a great goal, a great number to shoot |
| 0:42.7 | for. |
| 0:43.6 | So I've reached out to Joel Miller. |
| 0:46.1 | Joel's been on the podcast before. |
| 0:48.4 | He's been investing in rental properties for 40 years. |
| 0:51.7 | He's been very successful. |
| 0:53.7 | His rental properties generate a ton of cash flow |
| 0:56.5 | every month. And I asked Joel if he could come up with a plan for us and show us step by step |
| 1:03.1 | how someone could go from no rental income to $10,000 a month in rental income. And today on the |
| 1:10.7 | podcast, we're going to walk through his plan and show exactly what someone |
| 1:15.5 | would need to do to get to $10,000 a month. |
| 1:18.5 | Joining us on the show today from Erie, Pennsylvania is Joel Miller. |
| 1:22.7 | We'll take a really quick break to thank our sponsors. |
| 1:25.6 | We'll come right back and we'll talk to Joel. |
| 1:28.0 | A good deal on a rental property isn't going to last very long. To win properties today, you need |
| 1:33.3 | to move quickly when a deal comes on the market, but it takes time to analyze a property. |
| 1:39.4 | I want to let you know about an app where you can analyze deals on your phone in seconds. |
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