How He Became A Millionaire With Just 3 Rental Purchases With Jon Paddol (Ep 541)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 30 September 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jon Paddol is a regular guy who has quietly built a solid rental portfolio. He started at 24, renting out rooms to friends, and looking back, he wishes he had bought even more properties when he was in his 20s.

On this episode, Jon shares how he transitioned from renting to friends to screening actual tenants, and what that experience taught him.

He also talks about how he only buys properties in a very tight area, close to where he lives, and how this has made managing his properties easier.

We also review Jon's numbers and discuss how the equity he has created has given him many options regarding paying for college for his kids and potential moves he may make with his portfolio in the future.

https://rentalincomepodcast.com/episode541

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Transcript

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0:00.0	inspiring interviews with today's top landlords this is the rental income podcast and now dan lane john
0:09.9	you think that if you think long term with rental properties it's really hard to lose where i am right now
0:17.6	if the market never increases if rents never go up, if the property values never,
0:22.6	ever, ever go up. When all said and done, when these things are paid off, you know, we'll be
0:29.0	looking at about $17,000 in cash flow monthly and, you know, more than a million in equity and a property.
0:39.5	And that's just from a slow and steady growth over, you know, 25 years or 22 years.
0:46.0	And what's incredible is when you think about it, I mean, rents are going to go up.
0:49.9	Properties are going to appreciate.
0:51.6	So that's kind of the worst case scenario that,
0:55.8	that the rents never go up. Correct. I mean, and, I mean, I'm, I'm probably the, I'm not an economist,
1:02.6	but I mean, in the history of, in the recorded history of real estate markets, I don't know that
1:07.2	rent or, uh, house appreciation has ever not gone up over the span of 10, 20 years,
1:14.7	you know, in modern history at least. So I feel like it's pretty pretty good odds that things
1:22.1	are somewhat safe, I guess. What I think is great and very relatable about John's story is that this isn't
1:29.2	something he's doing full time. He buys rental properties in his spare time. He only has
1:35.3	three properties that he's bought over a course of 20 years. And he's created over a million
1:41.9	dollars in equity. And on the show today, we're going to figure out how he did it.
1:46.9	Joining us on the show today from Boston is John Paddle. We'll take a quick break to thank our sponsors.
1:52.7	We'll come right back and we'll talk to John. It's a lot of work to find a really good rental
1:57.4	property. And when you actually find that property, you want to make sure you're working with a lender that can get that loan closed. The lender that I recommend is
2:05.7	Chaley Ridge from Ridge Lending Group. She's a nationwide lender and her specialty is helping investors
2:12.3	finance rental properties. She has a ton of loan programs and she can find something
	...

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