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Rental Income Podcast With Dan Lane

Step-by-Step: How He Went From Zero To 10 Rentals (And Where He Got The Money) With Derek Harris (Ep 550)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 2 December 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

On this episode, we walk step by step through how Derek Harris built his rental portfolio from the ground up. Derek has been buying rental properties for five years, and today he owns 10 doors.

He takes us through each acquisition, explaining how he found the properties, their condition, and the work he did to fix them up. Derek also breaks down how he financed every deal. 

He talks about where he found the money for his down payments, how he structured his loans, and why he started using DSCR loans as he grew.

We also get into the details of his portfolio, including total rent, mortgage payments, operating expenses, and the cash flow he keeps every month.

Thanks To Our Sponsors:

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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 lane sometimes

0:10.0

the hardest part of buying a rental property is finding the down payment money Derek how did you do it

0:16.6

so we had some cash reserves to make our first purchase.

0:21.8

We made an initial down payment on a rental property in Tyler, and we're able to get into a loan

0:31.1

with a local bank here for that project and then refinance that cash back out at the end of it.

0:37.5

On the podcast today, we're going to take a deep dive into how Derek built his rental

0:42.3

portfolio.

0:43.4

We'll talk about the different ways that he's financed his rental properties, how he's found

0:48.1

properties, what he's done to fix him up, and take a look at his numbers.

0:52.2

Joining us on the podcast today from Tyler, Texas,

0:55.7

is Derek Harris.

0:57.0

We'll take a quick break to thank our sponsors.

0:59.2

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

1:02.0

Are you thinking about investing in rental properties,

1:04.8

but maybe you don't know where to start?

1:07.2

My friends at Mid-South homebuyers make it simple.

1:11.2

For over 23 years, they've been selling fully renovated turnkey rental properties in Memphis and Little Rock.

1:18.5

We're talking new roofs, plumbing, electric kitchens, bathrooms.

1:22.9

Everything is brand new and done right.

1:25.5

And here's the best part.

1:27.2

Every property comes with a well-qualified

1:29.7

tenant in place before you close. That means you get cash flow from day one. Plus, Mid-South

...

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