How to make big money by renting a lake house with John French (ep 74)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 835 Ratings
🗓️ 10 May 2016
⏱️ 21 minutes
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lay |
| 0:09.7 | joining me on the podcast today is john french and john has a real interesting strategy that he's been |
| 0:16.1 | using to build his portfolio he's been buying houses to live in, living there for a while, and then turning |
| 0:22.8 | that house into a rental and buying another house to live in. John, welcome to the show. I love |
| 0:28.8 | this strategy. Is this something that was a master plan, or did it just kind of happen this way? |
| 0:35.4 | Hey, Dan, thanks for having me. |
| 0:38.6 | It's been kind of just something that's developed over time, not some master plan. |
| 0:45.7 | I'm actually trying to collect myself now and kind of refocus into a plan of sorts. |
| 0:53.0 | But it's been kind of just 25 meter targets, if you will, |
| 0:58.5 | just kind of falling into place. |
| 1:00.4 | Okay. |
| 1:01.0 | So let's go back to your first property. |
| 1:03.7 | When did you buy that first house? |
| 1:06.5 | How long ago was it? |
| 1:07.5 | It was purchased in 2005, December of 2005. And how long did you live there for before you moved out? |
| 1:15.0 | We, I met my wife in 06 and moved in with her immediately because she was stable. She owned her own house and she could cook. |
| 1:26.6 | So, and the house smelled good and it was always |
| 1:30.0 | plain so that's i moved i moved in there real quick like literally like i think it was a week |
| 1:35.9 | or two after i met her but it seemed like that but um so i moved in there and in uh oh six and then |
| 1:43.8 | we got married in oh7. We were there through, |
| 1:48.2 | uh, I'm trying to think, oh, nine, I think September of 09, we turned it into a rental |
| 1:54.1 | property. Okay. And was it, was it hard to find renters the first time you put it on the market? |
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