Inspiring interviews with today's top landlords.

This is the Rental Income podcast.

And now, Dan Lane.

For a rental property to work, the numbers have to make sense.

And Josh, the problem that you ran into was that the numbers just didn't make sense in your town.

Yeah.

I mean, when I began looking for rental properties,

a property in my local area for a three-bed, two-bath was around $375,000 and would maybe rent

for $2,000. And so when I started looking outside of my local market, I found an area where I was

able to buy a three-bed, two-bath for around

80,000, and it would rent anywhere from $1,200 to $1,300 a month. So my return of my cash was much

better. How did you find that other area? Yeah, I mean, once I knew that I wanted to invest in rental

properties, obviously I began looking locally, but the numbers didn't work.

I was looking for more cash flow and a lower cost of entry.

And my wife's grandma lives in a small town in Western Minnesota where she grew up.

She finished the basement of their house into two apartments.

And that, you know, she always had them rented out.

And that piqued my interest.

And so I started doing some

due diligence in that area, which is a small town in western Minnesota. And after doing a lot of

research online and, you know, looking at the percentage of the population that rents, getting an

understanding of the local economy, you know, I really felt strongly that this was a great place to

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