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Rental Income Podcast With Dan Lane

How To Get Started Investing In Real Estate Investing With No Training Or Experience (Ep 02)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Investing, Entrepreneurship, Business

4.8835 Ratings

🗓️ 22 September 2014

⏱️ 15 minutes

🧾️ Download transcript

Summary

Turning a primary residence into a rental is what Jack did.  Today he tells the stpry of how his family grew out of their house, and he turned it into a rental, instead of selling it.  Jack is making a small profit each month, and building wealth by having his tenant pay down his mortgage

Transcript

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0:00.0

This is the Rental Income Podcast, where we talk to owners of rental properties and give you actionable tips and advice that will help you make more money while dealing with less hassle.

0:10.9

And now your host, Dan Lane.

0:13.3

I put together a list of seven things I wish I knew earlier about renting properties.

0:17.9

And you can download your free copy.

0:19.5

Just go to my website free landlord gif

0:22.5

com well today on the show for our very first interview i i'm really excited about having this

0:29.2

guest on because this guy is not a millionaire he's had zero training in real estate he's never

0:35.9

bought any of those guru training classes,

0:38.7

as far as I know, right? You've never spent thousands of dollars to get any kinds of training.

0:44.4

He's just a regular guy that just made a decision that he was going to buy a house, and he went

0:50.4

with it. And, you know, I think talking to Jack today is going to be inspiring to people

0:56.7

just to see that a regular guy can have a little side business where you have a rental

1:01.8

property and you make some extra money every month and at the same time you build some long-term

1:07.7

wealth. So Jack, why don't you just tell us a little bit about you and how you got

1:12.1

into real estate? Okay. Well, first of all, thank you for having me on the show.

1:16.4

Sure. We bought our first house right after we got married. It was a little townhouse,

1:22.0

and we quickly grew out of it, but we were fortunate enough to buy it right in the middle of the

1:27.8

housing boom.

1:28.7

So we were able to take the money that we made on that property, and we rolled that into

1:34.7

our next home.

1:35.8

We were able to put 20% down.

1:38.4

And so when you bought the first house, did you have a down payment?

...

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