Rental Income Podcast With Dan Lane

Jacki talks about her strategy of buying a property that she wants to use on vacation for a few years. She generates income by renting it when she's not there. After a few years, she's ready to go somewhere new. She'll sell the property for a profit, and use the equity she created to buy the next one. On this episode, we talk about how many times she's done this strategy, what the perfect property looks like, and we look at the numbers for a recent deal. ' https://rentalincomepodcast.com/episode468

Join us as we explore the ins and outs of financing, legal structures, and the advantages and disadvantages of buying rentals with partners. On this episode, we talk about their decision to operate under an LLC or as individuals to build their portfolio. We also talk about how they used an FHA 203k loans, a powerful tool to buy and rehab properties with a small down payment. Dave and his partners have come up with a unique way to make sure they can continue to buy rentals even if one member of the partnership can't afford it at that particular time. We also talk about what they are doing with the monthly cash flow, and how they are managing their properties. https://rentalincomepodcast.com/episode467

A few years ago, Chase was listening to the Rental Income Podcast, trying to figure out how to get started investing in rentals. After hearing dozens of stories from investors who had been successful in investing in real estate, he felt ready to buy his first property. Today his rental portfolio generates over $20,000 a month in net cash flow.\ On this episode, Chase shares the types of properties that generate the highest return for him, how he screens his tenants, and why he prefers month-to-month leases over year leases. https://rentalincomepodcast.com/episode466 Thanks to our sponsors: The Guarantors Ridge Lending Group

Mike bought a rental property that looked like an incredible deal on paper, but it turned out to be a really bad investment. Mike ran into problem after problem. The maintenance costs were higher than he projected, tenants were constantly turning over, and he wasn't able to push the rents as high as he had hoped. On this episode, Mike shares everything that went wrong, and we figure out how you can avoid buying a bad property. https://rentalincomepodcast.com/episode465

Morgan shares how he was able to get double the returns by buying properties two hours away.   Once he saw that he didn't need to live close to his properties, he packed up and moved 1,000 miles away.   On this episode, Morgan shares how he was able to build his portfolio with a low credit score, and where he got the money from to build his rental portfolio.   https://rentalincomepodcast.com/episode464

Mitch shares his unique strategy of buying run-down properties, tearing them down, and replacing them with 8-unit apartment buildings. We talk about why he likes to tear down properties vs buy vacant land. Mitch also shares the lot size and age of the property he targets, and how he gets the construction done in just a few months. We also take a look at his numbers. Mitch shares the typical acquisition cost, construction costs, and typical rent. https://rentalincomepodcast.com/episode463

Tony shares that he wanted to buy rentals for 5 - 7 years, but fear and his relationship with money held him back. Tony finally bought his first rental two years ago, and today his portfolio consists of 9 rentals. On this episode, we talk about how Tony found his first deal, we also take a look at his numbers (including the rent, his mortgage payment, and other expenses) and figure out how much money Tony sets aside for emergencies for each property. We also talk about how Tony has used hard money and blanket mortgages to finance his portfolio. https://rentalincomepodcast.com/episode462 Thanks to our sponsors: The Guarantors Ridge Landing Group

Peter shares his strategy of owning properties in different areas so that if the economy in one area starts doing badly, his other properties in other areas can pick up the slack. He has purchased in 4 different areas using different strategies. Some are long-term rentals, Some are Airbnb. He talks about: How he has bought out-of-state properties without going to see them in person How he self-manages out-of-state Airbnb's How he was able to massively cut his income tax with one of his recent purchases. How he's financing his purchases. The areas he's been buying in. https://rentalincomepodcast.com/episode461

Steven had no money, and a negative networth when he started buying rentals.   On this episode, he shares how he got started and built his rental portfolio.   We talk about:   How he got the money to buy his rentals How powerful time is in building equity and cash flow The types of properties that he likes to buy How he keeps costs down by using VA's to help him manage his rentals How he rents properties without showing them to potential tenants  https://rentalincomepodcast.com/episode460

Brandon didn't have a lot of money when he started buying rentals. He got started buying what he could afford - old, run-down properties. He fixed them up, and raised the rent. Doing this created a ton of equity. Today, Brandon is in the process of selling off some of those properties and using the equity he created to buy nice single-family homes in better neighborhoods with cash. The new properties will be more profitable because they will be newer and not have mortgage payments. They should also be easier to manage. https://rentalincomepodcast.com/episode459 Have a question, or want to leave feedback about the podcast? Leave a voicemail: 775-346-8882

Joel has been buying rental properties for over 45 years, and on this episode, he shares two timeless things he did to build substantial wealth with his rental properties. Joel also shares insight into how he thinks about money and how he built his portfolio with the smart use of leverage. Joel also shares how building relationships with other investors has been a very important part of his success. https://rentalincomepodcast.com/episode458 Have a question, or want to leave feedback about the podcast? Leave a voicemail: 775-346-8882

David shares how he's been able to substantally grow his cash flow and build wealth by making sure he raises rent every year. We talk about how much he targets to raise rent, how he notifies tenants about the increase, and how long before the end of the lease he notifies them. We also talk about why he uses a Realtor to lease his rentals vs leasing himself. We also look at the numbers for one of his deals and see how much his cash flow has increased over time with yearly rent increases. https://rentalincomepodcast.com/episode457 Thanks To Our Sponsors: The Guarantors Ridge Lending Group

Joe lives in an area that historically has seen great appreciation, but cash flow is very hard to come by. He decided to invest in good areas that had much cheaper properties, that produced better cash flow. On this episode, we talk about if Joe sees any risk in investing out of state. We also talk about how Joe figured out where to invest, how he found his properties, and see if he ran into any challenges along the way. https://rentalincomepodcast.com/episode456 Want to be a guest on the podcast? Reach out here: https://rentalincomepodcast.com/contact

Ben is a Realtor, Property Manager, and owns rentals in his personal portfolio. On this episode, he shares the types of properties that have worked out best for him and the investors he works with. We talk about the best type of neighborhoods to buy in, the perfect bed/bath combination, and the types of properties to avoid. We also talk about why Ben thinks it's important to diversify with different strategies, and why he stopped renting on Airbnb and is now doing medium term rentals. https://rentalincomepodcast.com/episode455

Shayla bought rental properties 15 years ago. They ended up being cash flow negative, and she eventally ended up losing them. Recently Shayla decided that she wanted to get back into real estate investing, and wanted to buy a property that was going to be very profitable. On this episode, we talk about how Shayla is making a ton of cash flow off on mid term rental. We talk about what she paid for the property, how much she spent to furnish it, how much her mortgage payment and other expenses are, and how much she profits after everything. https://rentalincomepodcast.com/episode454

Jeff shares how he protects his rental portfolio from liability and lawsuits.   Some of the topics we talk about are:   Why investors should consider owning in an LLCHow to operate your LLC to minimize your chances of a judge invalidating it in the LLC in the event of a lawsuitHow to use equity stripping to protect your equityThe minimum liability insurance an investor should carry on each rentalWhy investors should consider getting a PUPHow to protect yourself from lawsuits from contractors and mechanic liens https://rentalincomepodcast.com/episode453

Josh shares how he went from having no money and renting a room in a basement to profiting over $8,000 a month from his rentals. On this episode, we walk step-by-step through how he built his rental portfolio. We talk about the types of properties Josh bought, and what types of neighborhoods they are in. Josh also shares where he got his down payment money from, and how he financed his rental purchases. https://rentalincomepodcast.com/episode452

Aaron bought a portfolio of 7 out of state properties from a turnkey company. The properties were supposed to cash flow on day one, but it didn't work out that way. Aaron faced huge repair bills, evictions, and trouble renting his properties.  The repair bills were so bad, that last year he lost $36,000 on these properties.  On this episode, we figure out what went wrong. Is there anything Aaron could have done differently to have a different outcome? Did he buy bad properties or is this just bad luck? We'll figure it out. https://rentalincomepodcast.com/episode451

Debbi talks about how her father started buying rentals over 50 years ago, and how that has created generational wealth for her family. We talk about what he bought, how he financed his properties, and where he got the down payment money from. Debbi also shares how much the property has appreciated and how much rent has increased. https://rentalincomepodcast.com/episode450

On this episode we take a look back at some of Dan's favorite moments from 2023. We hear from 4 investors: * Scott talks about making $30K a month from his rentals (Episode 430) * Marky bought a duplex and later found out it wasn't legal (Episode 404) * Blake sold half of his portfolio and paid off the other half (Episode 438) * Andy made a lot of mistakes, but still ended up with a profitable property (Episode 413) Links to episodes: https://rentalincomepodcast.com/episode449