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Rental Income Podcast With Dan Lane

How A Newer Investor Went From $0 - $1,100 In Rental Income With Jesse Beynon (Ep 320)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 22 June 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

Jesse shares how he has been building his rental portfolio on a teacher's salary. We talk about how he has eliminated his monthly mortgage expense house hacking (with a family), and how he generates $1,100 a month in rental income with just 2 properties.

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

Jesse, you don't have the highest paying job in the world.

0:12.4

You're a sixth grade teacher, but do you have some pretty big goals?

0:16.1

What are you working on?

0:17.4

Well, I guess starting at the beginning, when I first became a teacher, I had kind of a

0:23.6

rough couple of first years, which I think a lot of people experienced that. But I just had this

0:29.2

thought, like if you want to ever leave, which I don't know that I ever will at this point in time,

0:34.3

I really enjoy it, but I would need to be earning so much cash flow to

0:38.3

where I could step away. So for me, that number was around, I guess, $4,000, $4,000 a month.

0:46.0

All right. So $4,000 a month in cash flow is your long-term goal. That's where you're trying to get

0:51.4

with your rentals. Where are you right now? Right now,

0:55.1

we're just under $1,100. $1,100 a month in cash flow, plus he's living for free in a house

1:02.2

hack. Jesse has only been at this for a couple of years. And on the show today, we're going to

1:07.6

figure out how he got started and how he got to where he is today. Joining us on the show today, we're going to figure out how he got started and how he got to where he is today.

1:11.8

Joining us on the show today from Colorado is Jesse Bennion. We'll take a really quick break

1:17.3

to thank our sponsors. We'll come right back and we'll meet Jesse. The first step in buying a rental

1:22.7

property is to get pre-qualified. And I would suggest you work with a lender that specializes in working with investors

1:30.2

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

1:35.9

and you can't close.

1:37.8

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

...

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