From A Low Income To Financial Freedom From Rentals With Jhanel Wilson (Ep 482)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 13 August 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jhanel shares her journey from starting out as a college student with no money to leaving her job when she earned $70,000 a year in rental income.

On this episode, Jhanel discusses where she got the money to buy her first deal and the challenges she encountered with her first property.

We discuss what she thinks are the best properties to buy, how she funds her purchases, her experience with Section 8 rentals, and how she's been able to tap into her equity with cash-out refinance.

Jhanel also shares the details of one of her deals.

https://rentalincomepodcast.com/episode482

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.
0:09.8	I always love hearing stories about people that are generating enough rental income
0:14.7	that they were able to leave their job and support themselves off their rentals.
0:19.4	But I feel like there's a misconception that you need a lot of
0:23.9	money to do this. Janelle, you've pulled it off. Let me ask you, when you were first getting
0:30.1	started, did you have a lot of money and a big savings? Absolutely not. I was making $38,000 a year and I got my first property using a student loan and credit cards.
0:42.0	On the podcast today, we're going to figure out how Janelle did this, how she went from not having a big salary and not having any money in savings to buying enough rental properties that she was able to leave her job and support herself off of her rentals.
0:56.7	Joining us on the podcast today from Philadelphia is Janelle Wilson.
1:01.3	We'll take a quick break to thank our sponsors.
1:03.8	We'll come right back and we'll talk to Janelle.
1:06.3	It's a lot of work to find a really good rental property.
1:09.2	And when you actually find that property,
1:11.0	you want to make sure you're working with a lender that can get that loan closed. The lender that I
1:15.9	recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender and her specialty
1:22.2	is helping investors finance rental properties. She has a ton of loan programs and she can find something customized
1:28.8	to you for your situation. If you want to find out more or you're ready to get started today,
1:34.3	just go to ridgelendinggroup.com. That's R-I-D-G-E lending group.com. NMLS 42056.
1:43.4	When it comes to hiring, the best way to search for a candidate isn't to search at all. Don't
1:47.4	search match with Indeed. Indeed is your matching in hiring platform with over 350 million
1:52.9	global monthly visitors according to Indeed data and matching technology that helps you find
	...

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