Bonus: How To Buy A Rental With A Credit Card
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 4 March 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
He shares how he did it, why he doesn't think this is a risky strategy, and some things to look out for if you are interested in doing this too.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords. |
| 0:04.7 | This is the rental income podcast. |
| 0:07.6 | And now, Dan Lane. |
| 0:09.7 | I've got a bonus episode of the podcast for you today. |
| 0:13.5 | I got an email the other day from a member of our community asking me if I could do a podcast |
| 0:18.9 | with someone that bought a property using a credit card. |
| 0:22.5 | And Dom, who was actually with us on the last episode, has bought a couple of houses using a |
| 0:28.1 | credit card. And I thought it might be interesting to bring him back today to do a quick |
| 0:31.6 | bonus episode to talk about his experience, to see how it worked out for him, how exactly he did it, and to help |
| 0:39.5 | you figure out if this is something that might help you buy your next property. So let's take |
| 0:44.5 | a real quick break. We'll come right back and we'll talk to Dom. A good deal on a rental property |
| 0:49.5 | isn't going to last very long. To win properties today, you need to move quickly when a deal comes on the |
| 0:55.3 | market, but it takes time to analyze a property. I want to let you know about an app where you can |
| 1:01.2 | analyze deals on your phone in seconds. It's called Ask Rick. That's RIC for Rental Income Calculator. |
| 1:09.7 | You can analyze a deal with the push of a button. You can figure out the rent, your mortgage payment, your expenses, and figure out the cash flow. If the numbers make sense, you can make an offer right there on the app or you can send a calendar invite to your agent to see the property in person. Ask Rick is currently offering a free seven-day trial. |
| 1:29.4 | Just search for Ask Rick in the app store or go to Just Ask Rick. That's RIC. Just Ask Rick. |
| 1:38.5 | AI might be the most important innovation ever. It's storming every industry with literally |
| 1:43.6 | billions being invested. |
| 1:45.2 | So buckle up. The problem is that AI needs the right data and a lot of speed and processing power. |
| 1:50.9 | So how do you compete without cost spiraling out of control? |
| 1:54.2 | Time to upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI. |
| 1:59.9 | OCI is a single platform for your infrastructure, database and application development with AI embedded across it all. |
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