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Rental Income Podcast With Dan Lane

How To Find Below Market Deals In An Expensive Area With Scott Durham (Ep 532)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 29 July 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Scott lives in an area where the average rental property costs around $600,000, making it tough to find anything that cash flows. 

Instead of giving up, Scott got creative.

On this episode, Scott shares how he’s been able to pick up properties way below market value, and how he’s been able to make money on deals, even if they don’t work as long-term rentals. 

We break down the numbers on one of his recent deals, and talk through the different strategies he’s using to make investing work in a high-priced market.

https://rentalincomepodcast.com/episode532

Thanks To Our Sponsors:

MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Ridge Lending Group - Making investment Mortgage process simple and stress-free.

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 lay

0:09.4

Scott you live in a pretty expensive market where it's hard to make the numbers work it's hard to find a

0:14.7

property that's going to cash flow how are you doing it yeah Dan that's a great point I mean our

0:20.1

average price is about $600,000.

0:23.8

So we have to get a little bit creative.

0:26.3

But I found in any market that if you're willing to put in the work and, again, get a little

0:31.5

bit creative, that there are deals and there's money to be made.

0:34.3

It can be hard to invest in rental properties in an expensive area,

0:38.1

but it's not impossible. And Scott has figured out some creative ways to find really good deals.

0:44.9

And on the show today, he's going to share how he's making money in an expensive area.

0:49.8

Joining us on the podcast today from Reno is Scott Durham. We'll take a quick break to thank our sponsors.

0:56.3

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

0:58.6

Are you thinking about investing in rental properties,

1:01.7

but maybe you don't know where to start?

1:04.1

My friends at Mid-South homebuyers make it simple.

1:08.1

For over 23 years, they've been selling fully renovated turnkey rental

1:12.4

properties in Memphis and Little Rock. We're talking new roofs, plumbing, electric kitchens,

1:18.6

bathrooms. Everything is brand new and done right. And here's the best part. Every property

1:25.0

comes with a well-qualified tenant in place before you close.

1:29.4

That means you get cash flow from day one. Plus Mid-South continues to professionally manage the

1:35.2

property for you after the sale and they back it up with two powerful guarantees. You get a one-year

1:42.0

total maintenance warranty and a lifetime occupancy guarantee.

...

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