Creative Financing: Buying Rentals With No Money Or Credit With Lori Dawson (ep 27)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 835 Ratings
🗓️ 17 March 2015
⏱️ 20 minutes
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Summary
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| 0:00.0 | This is the Rental Income Podcast, where we talk to owners of rental properties and give you actionable tips and advice that will help you make more money while dealing with less hassle. |
| 0:10.9 | And now your host, Dan Lane. |
| 0:13.0 | I put together a list of seven things that I wish I knew earlier about renting properties. |
| 0:18.2 | And you can download your free copy. |
| 0:20.7 | Just go to my website, free landlordgift.com. |
| 0:25.0 | I think it's always a great idea to learn about different creative ways to finance rental |
| 0:30.2 | properties. |
| 0:30.9 | So on the show today, I've got Lori Dawson, who is buying rental properties with none |
| 0:36.9 | of her own money and none of her own credit. |
| 0:40.3 | She specializes in buying pre-foreclosure properties. |
| 0:44.2 | And I want to find out how she's doing this. |
| 0:46.3 | So let's just get right into it. |
| 0:48.3 | Lori, why don't we start with you telling me how you got into real estate? |
| 0:52.6 | We got started in real estate really because it was my |
| 0:55.1 | husband's dream. Ever since I met him about 35 years ago, he's been talking about wanting to own |
| 1:01.6 | property. And my perception of what it's like to be a landlord was my dad. My dad bought some |
| 1:10.6 | rental properties after I left home. And invariably, |
| 1:14.5 | every single time we would go home for Thanksgiving and visit my folks. My dad would get a call |
| 1:19.8 | from one of his tenants saying that their toilet was plugged or their sewer was backing up or, |
| 1:23.7 | you know, there was something wrong and they needed him like right away. So he would say |
| 1:27.6 | to me, well, you want to go with me? And it's like, you know, if I want to spend time with my dad, |
| 1:31.3 | I'm going with my dad to these rental properties. And his business model was to buy these old |
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