What He Learned From Investing In Rentals For 40+ Years With Larry Myer (Ep 525)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 10 June 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
In this conversation, Larry shares the lessons that have stood the test of time, the mistakes he’s learned from, and the strategies that still work today.
We talk about how a mentor helped him get started in the right direction and why having someone to guide you can be a game-changer in real estate.
Larry also dives into a unique strategy he’s been using lately — buying fire-damaged homes. He explains how he finds these deals, what to watch out for, and how he turns them into profitable rentals.
Throughout the episode, Larry shares practical advice for investors at all stages. He talks about the importance of becoming an expert in one specific area, the type of property he recommends for first-time investors, and why you don’t need a massive portfolio to be successful.
He also breaks down some of the most common myths in real estate — and what actually matters if you want long-term results.
https://rentalincomepodcast.com/episode525
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane larry you've |
| 0:10.4 | been on the podcast a bunch of times over the years and you reached out to me last week and wanted to come |
| 0:15.6 | back on the show and talk about something what is it that you want to talk about today? Well, I've been in this business for 40 years, buying, renovating, leasing, managing, and |
| 0:27.8 | selling single family and small multifamily properties, 40 years. And it's time for me to, |
| 0:36.8 | I'm kind of almost into my second chapter. And when I got started, it's time for me to, I'm kind of almost into my second chapter. |
| 0:40.3 | And when I got started, somebody was nice enough to reach out to me and say, |
| 0:44.8 | you're doing this all wrong. |
| 0:46.3 | Here's what you need to do and took me by the hand and then helped me buy my first house |
| 0:51.3 | and kind of got me going. |
| 0:53.1 | And it's led to a 40-year career. |
| 0:57.2 | So it's time for me to turn the page and start giving back and hopefully guiding new investors |
| 1:04.8 | into the world of real estate investing. Larry's been investing in rental properties for a long time. He's made a lot of |
| 1:11.7 | money. He's done a lot of things right, but he's also made a lot of mistakes. And on the show today, |
| 1:16.8 | we're going to walk through some of the things to make sure you do and some of the things that you |
| 1:21.4 | shouldn't do when you're investing in rental properties. Joining us on the podcast today from |
| 1:26.4 | Kansas City is Larry Meyer. We'll take a quick |
| 1:29.5 | break to thank our sponsors. We'll come right back and we'll talk to Larry. It's a lot of work to |
| 1:34.3 | find a really good rental property and when you actually find that property, you want to make |
| 1:38.5 | sure you're working with a lender that can get that loan closed. The lender that I recommend is |
| 1:43.9 | Chaley Ridge from Ridge Lending Group. |
| 1:46.7 | She's a nationwide lender and her specialty is helping investors finance rental properties. |
| 1:52.5 | She has a ton of loan programs and she can find something customized to you for your situation. |
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