Rental Income Podcast With Dan Lane

On this episode, Jason shares his journey into college rentals and reveals the strategy behind his success.  Jason breaks down what makes a great college rental, from targeting safe, student-friendly neighborhoods to dialing in the ideal bed/bath ratio. We dive into how he screens tenants, whether he uses individual or joint leases, and the unique methods he uses to fill vacancies fast, without turning his properties into the party house on campus. https://rentalincomepodcast.com/episode521 Thanks To Our Sponsors: Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Transcribed - Published: 13 May 2025

Jeremy's income can vary from month to month. He never knows how much money he will earn. He occasionally has a bad month where he earns no income. In the good months, his paycheck covers his bills, but in the bad months, his rental income is there to cover his bills. On this episode, Jeremy shares how he generates over $7,000 monthly gross income with just a few rental properties. We talk about how Jeremy started by house hacking while still in college, and he shares how he has financed the rest of his portfolio. https://rentalincomepodcast.com/episode520 Thanks To Our Sponsors: The Guarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages, and more. All without increasing your operating expenses. Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Transcribed - Published: 6 May 2025

Dennis shares that when he started buying rentals, he was a barber charging $13 for haircuts. On this episode, Dennis walks us through how he built his rental portfolio. Dennis shares how he saved the down payment money to buy his first rental, and the mistakes he made purchasing that property. Dennis also shares how the mistakes he made buying his first property helped him buy a better property for his next rental property. We discuss the criteria he uses to purchase a rental property and the importance of using leverage to build wealth.  https://rentalincomepodcast.com/episode519 Thanks To Our Sponsors: Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Transcribed - Published: 29 April 2025

Sabhya started buying good properties in good neighborhoods. Everything was working great. The properties were making money, and the properties were easy to manage. Sabhya saw he could buy cheaper properties in a less-than-great area and earn better returns. After owning the properties, he found that the cheaper properties had higher expenses than he estimated, and he wasn't making the money he hoped. On this episode, we discuss some of Sabhya's issues and how to be successful with cheaper rental properties. https://rentalincomepodcast.com/episode518 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

Transcribed - Published: 22 April 2025

Bob started buying rentals three years ago. After building his portfolio to 33 doors, he realized that his properties had appreciated a ton, and he wanted to cash out and capture his equity. Six months later, he realized he made a mistake by selling and started repurchasing rentals. On this episode, we talk about how Bob sold his portfolio, why he decided to start investing in a different area, and what he's buying today. We also see how things worked out for him tax-wise by selling his portfolio. https://rentalincomepodcast.com/episode517 Thanks To Our Sponsors: Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Transcribed - Published: 15 April 2025

A one-month security deposit works great if your tenant pays rent and doesn't cause much damage. But if your tenant doesn't pay or causes a lot of damage, you could be out thousands of dollars. On this episode, Frank Jachetta explains how TheGuarantors removes this risk from the landlord with an insurance policy. We discuss how this unique policy works and the difference between rent coverage and landlord insurance, and Dan Lane shares how much his tenants have paid for coverage on his properties. https://www.theguarantors.com Thanks To Our Sponsor: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

Transcribed - Published: 10 April 2025

Pat started buying rentals by house-hacking a 4-unit building while working as a server at the Olive Garden. He was living free and profiting several hundred dollars a month. After seeing that everything was working out, he bought more rentals using the BRRRR strategy. As he grew his portfolio, he found it was getting easier. He just kept buying more properties. On this episode, Pat shares what a perfect rental looks like, why he doesn't like 30-year mortgages, and how he financed his portfolio. We also look at Pat's numbers and figure out how he is earning over $1 million a year in rental income. https://rentalincomepodcast.com/episode516 Thanks To Our Sponsors: Ridge Lending Group - Making investment Mortgage process simple and stress-free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10.

Transcribed - Published: 8 April 2025

Christopher built his rental portfolio without having to save cash for down payments. His primary house appreciated, he took that equity and put it to work by using it as down payments to buy rentals. One of his rentals appreciated over a period of a few years. He sold that property and used the equity to buy a better property. On this episode, we walk through how he built his portfolio without having to come up with any cash.   https://rentalincomepodcast.com/episode515 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

Transcribed - Published: 1 April 2025

Traveling and freedom have always been important to Suzanne. On this episode, Suzanne discusses how her 18 rental units provide a stable monthly cash flow, which allows her to travel whenever she wants. Suzanne shares that she never had a high-paying job but has always been good at saving money. That, in combination with house hacking, has allowed her to save down payments to buy properties. We also talk about how she has invested in different areas for different reasons. Some properties provide better cash flow, and some appreciate more. https://rentalincomepodcast.com/episode514 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's) Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10. Ridge Lending Group - Making investment Mortgage process simple and stress-free.

Transcribed - Published: 25 March 2025

David thinks investing in rental properties doesn't have to be complicated or stressful.  He said if he can do it, anyone can do it. He's been buying nice single-family homes in good neighborhoods. Most of his properties don't need any rehab work. Just a good cleaning. On this episode, David shares more about what he is looking for in a rental property and how he's been buying them with only 5% down. https://rentalincomepodcast.com/episode513 Thanks To Our Sponsors: Ridge Lending Group Making investment Mortgage process simple and stress free. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10.

Transcribed - Published: 18 March 2025

Cory's job transferred him. He knew he would return in a few years and liked his house, so he decided to rent it until he moved back.. After a few months, he saw that it wasn't difficult to manage from out of state and liked the cash flow, so he decided to buy more rentals. In this episode, Cory explains how he came up with the money to buy more properties and why he likes using a property manager. We also look at the numbers for one of his deals. https://rentalincomepodcast.com/episode512 Thanks To Our Sponsors: MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10 .Ridge Lending Group – Mention Rental Income Podcast for a $250 credit at closing.

Transcribed - Published: 11 March 2025

Terry started investing in rentals at 55, and Odest started investing when he was 27. They were both at different stages of their life and had different experiences they brought to the table. On this episode, we figure out their strategies for investing in rentals and see if being older or younger helped or hurt them in their investing. We also discuss if not investing because you are too old or too young is a valid thought or a limiting belief. Thanks To Our Sponsors: Fundrise Flagship Real Estate Fund – Invest in a $1.1 billion real estate portfolio, starting with as little as $10 .Ridge Lending Group – Mention Rental Income Podcast for a $250 credit at closing. MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. https://rentalincomepodcast.com/episode511

Transcribed - Published: 4 March 2025

When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage. The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear. On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow. We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased. https://rentalincomepodcast.com/episode510 Thanks To Our Sponsors: Ridge Lending Group - Financing For Rental Properties. MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Obie Insurance - See if you can save money on landlord insurance.

Transcribed - Published: 25 February 2025

Occasionally, tenants fall behind on rent. Should we work with them to catch up or proceed with the eviction? On this episode, Derek Morton shares why working with tenants will make investors more profitable. He shares information on how to find charities and grants to help tenants, and under what circumstances he won't work with a tenant. He also shares the number one predictor of whether a tenant will have trouble paying rent and why he doesn't use 3x rent to qualify a tenant's income. https://rentalincomepodcast.com/episode509 Thanks To Our Sponsors: Ridge Lending Group - Financing For Rental Properties. MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. Obie Insurance - See if you can save money on landlord insurance.

Transcribed - Published: 18 February 2025

Taxes can be confusing and overwhelming. It's easy to tune it out.  Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely. On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes. https://rentalincomepodcast.com/episode508 Thanks To Our Sponsors: Rental Trial - Easily track rental income and expenses. Free 30 day trial Ridge Lending Group - Finance your next rental property purchase

Transcribed - Published: 11 February 2025

George's first deal didn't work out the way he planned. Construction cost more and took longer than planned, mortgage rates went up, and insurance was higher than expected. However, the property still ended up being a great deal. It still cash flows and has been appreciated nicely. In this episode, we review what went wrong and figure out why everything still worked out. We also talk about how George accidentally started investing in real estate when he couldn't sell his primary residence. http://rentalincomepodcast.com/episode507

Transcribed - Published: 4 February 2025

Squatters saw a rental listing online, broke into the property, and moved in. The investor's Realtor noticed someone occupying the property and called the police. When the police arrived, the squatters presented a fake lease. The police told the Realtor that this was a civil matter and that there was nothing they could do. They would have to take this up in court. On this episode, the investor's attorney, David Metzger, discusses what happened next and how he ultimately removed the squatters from the property. We also discuss a shortcut he devised to speed up the process and steps rental investors can take to prevent this from happening to them. https://rentalincomepodcast.com/episode506

Transcribed - Published: 28 January 2025

Jefferson built his rental portfolio by buying rental properties out of state. He doesn't care where the property is as long as the numbers make sense and it's in a good area. On this episode, Jefferson shares how he finds deals, researches the area he wants to invest in, and does his due diligence. We also discuss how he has found many of his deals on Facebook and has worked out creative financing to buy properties with little money out of pocket. https://rentalincomepodcast.com/episode505

Transcribed - Published: 21 January 2025

Harley shares how his rental properties have given him financial freedom, time freedom, and location freedom. Harley and his family have become digital nomads, traveling to different countries every few months. On this episode, he shares a few hacks he's been using to lower the cost of traveling and explains how he's set up systems to manage his rentals with little effort on his part. We also talk about the platform he uses to collect rent, how he handles tenant communication in a different time zone, and how he handles repairs, turnovers, and evictions. We also discuss some of Harley's other income streams in addition to his rental income. https://rentalincomepodcast.com/episode504

Transcribed - Published: 14 January 2025

Brian has invested in rental properties since the late 1990s and has seen several market cycles. He's always found opportunities whether prices and interest rates were low or high, or the economy was good or bad., He's found that every year functions differently than the year before, and you have to adjust your strategy to fit the current market. On this episode, we discuss examples of the market in different years and how Brian adjusted his strategy during that period. We also talk about his strategy for investing today. https://rentalincomepodcast.com/episode503

Transcribed - Published: 7 January 2025

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that. They have done over 100 BRRR's in the last couple of years. On this episode, we talk about how they are finding and financing deals today. They also share the details and numbers for a recent deal. We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio. Peter and Ron also share advice on going from a few rentals to a large portfolio. https://rentalincomepodcast.com/episode502

Transcribed - Published: 31 December 2024

Rodney grew up in a family that didn't give him the best advice on how to build wealth. After hearing about creating generational wealth, Rodney decided to invest in rental properties to build a legacy for his kids. Rodney had little cash, so he had to get creative to invest in rental properties. On this episode, we talk about the strategies he used to find the money to invest and how he was able to do it while being a self-described lazy landlord. We also look at a recent deal. Rodney shares how he found the property how he financed it, and review his numbers. Mentioned on the podcast: Deal Check Rent Redi Zillow Google Sites https://rentalincomepodcast.com/episode501

Transcribed - Published: 24 December 2024

David Miller (from episode 487) takes over the podcast and interviews Dan Lane. We talk about some of Dan's most significant takeaways from interviewing 500 rental property investors, the worst thing that has happened to Dan as an investor, and the biggest mistake he sees investors make. David also asks Dan why he started the Rental Income Podcast, how the show has grown, and what his plans are to expand his rental portfolio.

Transcribed - Published: 17 December 2024

Athena's mentor shared a straightforward strategy for building wealth. His advice was to buy a house and rent out rooms. After two years, buy a new property while keeping the old property, and do it again. Athena wasn't earning much money when she bought her first property, but she followed his advice. Ten years later, she has bought several properties and gained over $600,000 in equity. On this episode, Athena walks us through her journey and shares how she built her portfolio with small down payments and letting her investments appreciate over time. https://rentalincomepodcast.com/episode499

Transcribed - Published: 10 December 2024

Shiraz lives in an expensive area where it's almost impossible to find traditional rental properties that cash flow. To optimize his finances, Shiraz has implemented a variety of strategies, including renting his properties on a mid-term basis to generate additional cash flow. He's also converted garages into apartments and built detached ADUs (DADU)  in the backyards of his properties. On this episode, Shiraz discusses the costs of converting a garage into an apartment and the extra rent he collects. He also discusses the costs of building a detached apartment unit, the perfect number of bedrooms and bathrooms, and the perfect lot. https://rentalincomepodcast.com/episode498

Transcribed - Published: 3 December 2024

Robert shares how he has built his portfolio by buying properties under $50,000 in areas with high rents and a solid tenant base. Robert's properties were built in the 1950s and have only needed a little maintenance. On this episode, we look at the numbers for one of Robert's deals and figure out his net cash flow.' We also figure out if there is a downside to his investing strategy. Robert also shares how he manages his properties remotely from out of state and his experience with self-showings. https://rentalincomepodcast.com/episode497

Transcribed - Published: 26 November 2024

The United States Government gives investors a lot of money to improve communities. Congress sends the funds to counties, cities, and non-profit organizations to create programs for individual investors. The problem is that they aren't very good at promoting the availability of these funds. On this episode, Matthew shares where to look for these programs to help you find available programs in your area. We also talk about a program that will give you a rebate for buying appliances and how your tenants can get financial assistance if they have difficulty paying rent. More from Matthew: https://www.trylesko.com

Transcribed - Published: 21 November 2024

Joel has been investing in rentals for over 40 years and has figured out some simple things investors can do to make more money from their rentals. Some of the topics we cover on this episode: The most important element in building wealth with rentals. Why he doesn't think of maintenance as an expense? How can he get higher rent than similar properties? This one thing determines your success and happiness as an investor. How he saves time by weeding out candidates before he shows the property. Should you rent to people with pets? How to use collection agencies to collect unpaid rent. https://rentalincomepodcast.com/episode496

Transcribed - Published: 19 November 2024

Annie had long considered buying a rental property, but she and her husband recently decided it was time to buy their first rental. On this episode, we discuss how Annie found the property, how they came up with the down payment money, and look at the numbers for the property. Her property had existing tenants. We talk about the information the seller gave her about the tenants before closing and how the tenants have worked out. We also talk about opportunities that Annie has to increase the future cash flow on the property. https://rentalincomepodcast.com/episode495

Transcribed - Published: 12 November 2024

Nick shares how having an emergency fund helped him pay for expensive repairs to some of his rentals. He talks about how much he spent on the repairs and why he didn't file an insurance claim. We also discuss Nick's rule of thumb for figuring out how much money to set aside for emergencies. Nick also talks about how his income at his day job has been reduced recently and how having a combination of an emergency fund and cash flow from his rentals has helped him survive this period. Thanks To Our Sponsors: The Guarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages, and more. All without increasing your operating expenses. Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.  https://rentalincomepodcast.com/episode494

Transcribed - Published: 5 November 2024

Jeff shares how he built his portfolio of over 100 rental units, by buying smaller apartment buildings, letting them appreciate. Then 1031 exchanging them for a bigger property in a better area. Jeff also shares why he doesn't invest in his local area. We talk about how he does this with the help of a team, how he figured out the area he invests in, and why he likes investing in multi-family properties vs single families. Jeff also talks about how working with the right people has helped him find deals, buy properties sight unseen, and manage and fix up properties. " target="_blank" rel="noopener">https://rentalincomepodcast.com/trading-up-to-better-rentals-with-jeff-berlin-episode-493/ Thanks To Our Sponsors: Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome  Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Transcribed - Published: 29 October 2024

Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties. We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio. Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works. https://rentalincomepodcast.com/episode492 Thanks To Our Sponsors: Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome  Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Transcribed - Published: 22 October 2024

Caeli Ridge shares the latest news on the mortgage market. We discuss where rates are headed and how this will affect rental property investors. Caeli shares today's rates, and we go over a payment example. Caeli also talks about how much money investors would save if rates come down more. We also talk about a creative strategy to save money on interest. Contact Caeli: 855-74-RIDGE RidgeLendingGroup.com

Transcribed - Published: 17 October 2024

Terry Kerr and Liz Nowlin of MidSouth Home Buyers share how they help people invest in rentals by doing all the work for them. They find a distressed property, do a full renovation, find a well-qualified resident, and then sell the property to an investor. MidSouth also continues to manage the properties for their investors after the sale. Everything Is completely done for the investor. Do you think it sounds too good to be true? It's not. Dan Lane has bought four properties from Terry and Liz over the last seven years and has had a great experience. On this episode, we go into detail about exactly how this works; we also talk about what the neighborhoods and what the properties are like, the guarantees that come with every property, and the little details that MidSouth does to help make the investment profitable. Dan also shares his experience and we look at one of his rentals and go over the numbers.  https://rentalincomepodcast.com/episode491 Midsouth Home Buyers Thanks To Our Sponsor: Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. 

Transcribed - Published: 15 October 2024

Dane thought about buying rentals for ten years before he finally got started. On this episode, we talk about: Turning his primary home into a rental How making a big sacrifice early on helped him get started. He faced some of the challenges with investing out-of-state. We figure out what went wrong and how he turned things around. How he dealt with his city banning Airbnb right after he bought a property. Why does he own rentals but also rents himself? Thanks To Our Sponsors: The Guarantors - Protect your property against losses, rent defaults, vacancies, lease breaks, damages, and more without increasing your operating expenses. Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. https://rentalincomepodcast.com/episode490

Transcribed - Published: 8 October 2024

Jeff lives in an area known for having lots of properties that make sense for rental properties, but he chose to invest out of state. On this episode, we compare how the properties, property values, neighborhoods, and property taxes are different in the area he invested in vs where he lives. We talk about how he found his properties and virtually toured them on FaceTime. Jeff shares the numbers for one of his deals and tells us what he does with his profit. We also discuss the challenges he had with his first property manager and why he had to fire him. https://rentalincomepodcast.com/episode489

Transcribed - Published: 1 October 2024

Evan started investing in cheap properties that he rented to Section 8 tenants. On this episode, we take a realistic look at investing in these low-cost and high-return properties. Evan shares the good and the bad of Section 8. He discusses his most significant expense and why assigning a percentage to the budget for expenses doesn't work. We also compare his experience owning cheap rentals with his experience owning more expensive rentals. https://rentalincomepodcast.com/episode488

Transcribed - Published: 24 September 2024

When David decided to start buying rentals, everyone in his life thought it was a bad idea. They thought his timing was bad and he would lose money. David didn't listen to them, and today, he owns 18 rentals that generate over $13,000 a month in profit, giving him a runway to financial freedom. On this episode, we discuss how he started renting rooms in a house hack and how he got to where he is today. https://rentalincomepodcast.com/episode487

Transcribed - Published: 17 September 2024

After 40+ years of investing in rentals, Larry decided to sell off his rentals and retire. After Larry sold everything, his son Jordan expressed an interest in real estate investing. Today, Larry and Jordan are working on building a rental portfolio. On this episode, we discuss what they are buying, how they are dividing the work, and how they are finding and financing their properties. We also discuss whether Larry is doing anything differently with his new portfolio or if he is following his previous playbook. We also review a recent property they purchased and look at the numbers. https://rentalincomepodcast.com/episode486

Transcribed - Published: 10 September 2024

On this episode, Shay walks through five strategies she's used to finance her rental property purchases. Shay bought two properties with the help of government grants. She has purchased four house hacks using low down payment loans. She's also used a HELOC, a business line of credit, and hard money to purchase rentals. Shay also details how she worked out a deal to get a free rental property. https://rentalincomepodcast.com/episode485

Transcribed - Published: 3 September 2024

Eight years ago, our guest knew nothing about rentals and was not earning much money at his job. Today, after paying his mortgages, repairs, and other expenses, his rental portfolio generates over $200k in profit annually. On this episode, we'll examine all the numbers in his portfolio (total rent, mortgage expenses, utilities, repairs) and figure out how he made over $200k in profit. We'll look at a typical rental purchase and discuss how he finances his rentals. https://rentalincomepodcast.com/episode484

Transcribed - Published: 27 August 2024

Mark built a pretty big rental portfolio but didn't do anything risky or overextend himself. Instead, he took a slow and steady approach and built his rental portfolio slowly over time. On this episode, we'll discuss how he built his rental portfolio, the types of properties he bought, and how he used the 1031 Tax-Deferred Exchange to double his cash flow once he built up equity in a property. Mark will also share his advice for anybody investing in today's market and his mentor's advice when he was house hacking many years ago. https://rentalincomepodcast.com/episode483

Transcribed - Published: 20 August 2024

Jhanel shares her journey from starting out as a college student with no money to leaving her job when she earned $70,000 a year in rental income. On this episode, Jhanel discusses where she got the money to buy her first deal and the challenges she encountered with her first property.   We discuss what she thinks are the best properties to buy, how she funds her purchases, her experience with Section 8 rentals, and how she's been able to tap into her equity with cash-out refinance. Jhanel also shares the details of one of her deals. https://rentalincomepodcast.com/episode482

Transcribed - Published: 13 August 2024

After seeing his father pass away after working his entire life, Justin decided he needed to have the freedom to do what he wanted to do with his time today. Justin has built a tremendous retail portfolio, but a big part of his success is living in a house hack that profits $3,000 monthly. He does this by renting the downstairs part of his rental on a medium-term basis and renting out extra parking spaces. On this episode, Justin also shares three things he would have done differently if he had started over today. https://rentalincomepodcast.com/episode481

Transcribed - Published: 6 August 2024

Lewis started investing in rental properties that didn't need any work and were ready to rent as soon as he purchased them. As he built relationships, networked, and gained more knowledge, he started doing the BRRRR strategy and could buy properties without coming up with significant down payments. On this episode, we look at Lewis' numbers (including total rent collected, mortgage expenses, and other expenses) and figure out how he is making $18k a month. We also discuss what he is doing with the cash he generates since he pays his bills with his day job. https://rentalincomepodcast.com/episode480

Transcribed - Published: 30 July 2024

Anna and Tessa are two friends who are building out their rental portfolios. They are busy, have limited time to spend on their rentals, and lack many handy skills. Anna and Tessa both have different strategies for buying the types of properties they want to purchase, but they have similar mindsets about building wealth with real estate. On this episode, we discuss their strategies for finding and financing rental purchases, how they are fixing up properties, and how they manage their rental properties. https://rentalincomepodcast.com/episode479

Transcribed - Published: 23 July 2024

Mike was inspired by a friend making $100k a month from rental properties. He thought, if his friend could do it, why couldn't he? On this episode, we discuss how Mike took baby steps for the first few years and eventually built a rental portfolio that nets him $35,000 a month. Mike shares his story of getting started and how one excellent investment changed the entire trajectory of his investing. We examine Mike's numbers, including his monthly gross rent amount, monthly expenses, and net cash flow. Mike also shares how challenging the COVID years were for his portfolio, but he made it through them and realized that if he can survive that, he can make it through anything. https://rentalincomepodcast.com/episode478

Transcribed - Published: 16 July 2024

Kathi rented a property to tenants that were cooking meth in her rental. The toxins from the manufacturing of the meth were so bad that she was not able to remediate the property, and she lost everything. On this episode, we'll figure out what happened, how Kathi discovered it, and why her insurance policy didn't pay for the damage. We'll also figure out if Kathi could have done anything to avoid this situation and what investors can do to minimize the risk of this happening to them. https://rentalincomepodcast.com/episode477

Transcribed - Published: 9 July 2024

Jason shares the formula he has followed to reach financial freedom: He uses other people's money to buy mobile homes, fixes them, and sells them for a profit. He then uses the profit as his down payment to buy rental properties. Then he uses the cash flow his rentals produce to pay his living expenses. On this episode, we talk about what he looks for in a potential mobile home flip, what he does to fix them up, and how he sells them. We also talk about what types of rentals he's been buying and look at the numbers on a recent deal. https://rentalincomepodcast.com/episode476

Transcribed - Published: 2 July 2024

Charles used to believe that when you buy a rental property, you should hold it forever. However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else. On this episode we talk about two properties that Charles recently sold. We figure out what went wrong and whether he should have noticed any red flags when he bought the property. We also talk about what Charles did with the money after he sold it.

Transcribed - Published: 25 June 2024