inspiring interviews with today's top landlords this is the rental income podcast and now dan lay david you

started buying rental properties everything was going great and then one day something changed what happened

uh so when i started um it was 2006 the very end end of 2006, and I qualified for a mortgage,

and I had no idea what I was doing, and I was completely ill-equipped other than qualifying

for a mortgage. And I bought a bunch of properties in quick succession. And of those first

six, the way they ended up landing was two short sale, I'm sorry, one short

sale and two foreclosures and a, it was a modification.

I have one modification on there.

So it ended pretty poorly.

I don't know about you, but I think I probably would have given up at that point,

thinking that rentals just don't work.

Luckily, David didn't give up.

He knew he could be successful with

rental properties. He just had to figure out a better way to do things. Today, he's built a very

successful rental portfolio. And on the show today, we're going to figure out what he's doing

and how he's turned things around. Joining us on the podcast today from Connecticut is David Haberfield.

We'll take a really quick break.

We'll come right back and we'll talk to David.

The first step in buying a rental property is to get prequalified.

And I would suggest you work with a lender that specializes in working with investors

because the last thing you want to have happen is to get to closing and find out the money's not there and you can't close.

The lender that I recommend is Chaley Ridge from Ridge Lending Group.

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