From A Small Salary To $200K/Year In Rental Income (Ep 484)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 27 August 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eight years ago, our guest knew nothing about rentals and was not earning much money at his job.

Today, after paying his mortgages, repairs, and other expenses, his rental portfolio generates over $200k in profit annually.

On this episode, we'll examine all the numbers in his portfolio (total rent, mortgage expenses, utilities, repairs) and figure out how he made over $200k in profit.

We'll look at a typical rental purchase and discuss how he finances his rentals.

https://rentalincomepodcast.com/episode484

Transcript

Click on a timestamp to play from that location

0:00.0	inspiring interviews with today's top landlords this is the rental income podcast and now dan lane sam
0:10.0	when did you first start buying rentals so i first started buying rentals about eight years ago and how many
0:16.9	rentals do you have right now we are just at the 67 door mark right now.
0:22.6	67.
0:23.5	I mean, that's a lot of doors.
0:25.6	Did you have a lot of money when you first started buying rentals?
0:30.1	No, no, we did not have a lot of money.
0:31.6	I did not have a lot of money.
0:32.7	I did not come from money growing up.
0:35.5	Middle class family, five kids, one working parent.
0:38.9	And I actually, my first job I was making about $38,000 a year when I started buying.
0:44.3	My guest on the show today is totally self-made.
0:47.2	Eight years ago, he knew nothing about real estate.
0:49.9	And today, after he pays his mortgages and all the other expenses, he profits over $200,000 a year from his rentals.
0:59.5	On the show today, we're going to figure out how he did it.
1:02.3	We'll talk about where he got the money from to get started.
1:05.5	We'll go over the numbers for his entire portfolio and take a look at a typical deal.
1:11.5	My guest today wants to be anonymous and we'll respect his privacy.
1:15.2	So let's take a really quick break.
1:17.6	We'll thank our sponsors.
1:18.9	We'll come right back and we'll talk to our guest.
1:21.3	It's a lot of work to find a really good rental property.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rental Income Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rental Income Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.