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Rental Income Podcast With Dan Lane

Using Other People's Money To Buy Rentals With Corey & Bethany Wendland (Ep 327)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 10 August 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Corey and Bethany did the math to figure out how much money they would need to save for down payments to build a big rental portfolio and felt discouraged. They figured out it would take them years to save enough money.

They wanted to get started today, so they had to figure out another way.

On this episode, they share how they got the money to get started.

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 you

0:09.7

two wanted to start buying rental properties but the thing that was holding you back was coming up with the money to get started

0:16.2

yeah that's correct so we both uh worked full time jobs and and we actually have several part-time jobs as well.

0:24.7

And we just couldn't figure out how we were going to save enough money to buy enough rentals.

0:30.1

The truth is you need money to buy rental properties, but it doesn't necessarily have to be your money.

0:36.5

You can use other people's money, and that's what

0:39.3

Corey and Bethany figured out how to do. On the podcast today, we're going to talk about how they found

0:44.6

the money. We'll talk about how they structured everything, and what they did with it. We'll talk

0:49.7

about how they've used the money to buy rental properties. Joining us on the show today from Kansas

0:55.1

City are Corey and Bethany Wenland. We'll take a really quick break to thank our sponsors. We'll

1:00.7

come right back and we'll jump right into the interview. A good deal on a rental property isn't

1:05.4

going to last very long. To win properties today, you need to move quickly when a deal comes on

1:10.5

the market. but it takes

1:12.2

time to analyze a property.

1:14.6

I want to let you know about an app where you can analyze deals on your phone in seconds.

1:19.9

It's called Ask Rick.

1:21.3

That's RIC for Rental Income Calculator.

1:25.0

You can analyze a deal with the push of a button. You can figure out the rent,

1:28.8

your mortgage payment, your expenses, and figure out the cash flow. If the numbers make sense,

1:34.3

you can make an offer right there on the app, or you can send a calendar invite to your agent

1:39.0

to see the property in person. Ask Rick is currently offering a free seven-day trial. Just search for Ask Rick in the

1:46.7

App Store or go to Just Ask Rick. That's RIC. Just Ask Rick.com. Whether you've been buying rental

...

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