Rental Income Podcast With Dan Lane

Mike owns a business that generates a lot of profit, and causes him to pay a lot of taxes. He started buying rental properties that generate a paper loss and legally brings his taxable income to $0.On this episode, Mike shares how this is working for him.We also talk about how Mike is buying rentals out of state, and look at the numbers for one of his properties.https://rentalincomepodcast.com/episode443

Adam shares how he built his rental portfolio with the BRRRR strategy.We talk about how Adam is buying cheap houses in good neighborhoods, fixing them up, and renting them out.We also talk about how he's financing his properties, and challanges he's had with contractors.Adam shares the numbers on one of his deals, including the purchase price, rehab cost, and what the property is rented for, his expenses and his cash flow.https://rentalincomepodcast.com/episode442

Matthew was a guest on the podcast 3 years ago, on episode 280.At that time, Matthew had been investing in rentals for a year, and had 4 properties.On this episode, Matthew shares how he has grown his portfolio to 8 rentals that net him $10,000 a month and how he has grown his net worth by over $1 million.Matthew had a plan to pay off his mortgages on the last episode, we see if that is still his plan today.We also talk about how Matthew had to shift to buying in another area because real estate prices got too expensive.https://rentalincomepodcast.com/episode441

Ryan shares his experience working with what he thought was a good property manager....until he woke up one day and realized his manager ran off with the rent he collected, security deposts, and some other money.Ryan talks about what he learned from this situation, and the changes he's made to his property management to make sure something like this doesn't happen again.We also talk about why Ryan prefers to work with a property manager vs self managing his rentals. And how his property manager has helped him invest in other markets.https://rentalincomepodcast.com/episode440

Mark went bankrupt at 40 and lost everything. He knows that real estate is a great way to build wealth, but he wants to take on a lot of risk.On this episode we talk about how he's built a diversified portfolio of commercial real estate, regular long-term rentals, and Airbnb's.We talk about how Mark is saving a ton of money in taxes by renting is commercial real estate to his own business.Mark also explains how he's using the Profit First system to manage his rental income and expenses.https://rentalincomepodcast.com/episode439Thanks To Our Sponsors:TheGuarantors - 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.

Blake Selby, a real estate investor who built a big rental portfolio and later sold off half of it to pay off the rest, shares his strategy for building a stress-free and profitable rental portfolio. He discusses his experience of buying 80 properties in his first year, managing a portfolio of 300 units, and the benefits of having a smaller debt-free portfolio. Blake also shares his journey of paying off over 145 rentals and accumulating over a million dollars in real estate.

Dan & Mike share why it made more sense for them to partner up to buy this property than to buy it individually.We talk about how they found the property, how they financed it, and how they dealt with delays in getting the property fixed up.They also share their experience of not taking a security deposit from their tenants. Instead, they had their tenants buy them an insurance policy from TheGuarantors. The policy protects their rental income from tenant non-payment and property damage.They also share the numbers for the property.https://rentalincomepodcast.com/episode437

Jessie shares how she got started buy buying a house to live in, and renting rooms to help pay the mortgage.She bought a few properties this way, and a few with traditional down payments, but she didn't get serious about building her rental portfolio until January 2021, when she discovered the BRRRR strategy.Jessie is using none of her own money to buy and rehab her properties and is creating over $50,000 in equity on each deal she does.We also look at a recent deal and review all the numbers, including purchase price, rehab cost, refi amount, how much the property is rented for, and Jessie's cash flow.https://rentalincomepodcast.com/episode436

Craig wanted to invest for cash flow and appreciation. Instead of finding the perfect property that had potential for both, he invested in two different areas. One area has historically seen a lot of appreciation and the other had lower priced properties that cash flowed better.On this episode we see if one type of property has worked out better, in terms of being easier to manage and which has been more profitable.Craig has been buying and managing his properties from out of state. We see if this has been a challange.We also look at the numbers for a cash flow property and an appreciation property to see how they are performing.https://rentalincomepodcast.com/episode435Thanks To Our Sponsors:TheGuarantors – 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.

When Jessie (from Episode433) couldn't make things work with her Airbnb, she sold it to Jon.'On this episode, we talk to Jon about how he put together a creative deal to buy the furnished, turn-key property with no money down.Jessie couldn't make money in the summer, but not the rest of the year. Jon shares what he did to turn this into a property that is generating year-round revenue.https://rentalincomepodcast.com/episode434