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

ferris how long have you been buying rental properties for us since october 2018 so it's been

two years in about two months right now currently i own 37 units in northwest Indiana, uh, between a couple

towns, so Sherville, Munster, and Crown Point mainly. To go from one rental to 37 rentals in just

two years is really impressive, but what really impresses me is that he's making $15,000 a month

net after all of his expenses. On the show today, Ferris is going to go over the

books and show us exactly how he's getting to $15,000 a month. And more importantly, he's going to

share with us how he did this. Let's take a really quick break. We'll come right back and we'll

meet Ferris. Go see A. The first step in buying a rental property is to get pre-qualified,

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.

She's a nationwide lender and she'll pre-qualify you for free if you mentioned

rental income podcast.

Find out more today.

Contact Chaley at ridgiglendinggroup.com.

That's R-I-D-G-E lending group.com. NMLS 42056.

Farris, let's start things off by talking about your numbers. So you said you have 37 units.

How much rent do you bring in between all your rentals?

The gross on a monthly basis is 40,000.

Okay. And let's talk about your expenses and your kind of your fixed expenses.

So say your mortgage, let's start there.

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