Rental Income Podcast With Dan Lane

Jessie's first Airbnb didn't go as well as she hoped, and she ended up having to sell the property.On the first of this two-part series, we figure out what went wrong. Jessie shares how she researched the area, furnished the property, and marketed it.As hard as Jessie worked at it, she couldn't make the property profitable and sold it.On part two of the series we talk to the investor that Jessie sold the property to and figure out how he turned things around.https://rentalincomepodcast.com/episode433Thanks To Our Sponsors:Armadillo - Take 10% off your rental property warranty using this linkFactor Meals - Use link to get 50% off your first shipment

When Andrew started investing in real estate, all he could afford to buy were really cheap properties in not-the-best neighborhoods.These properties made money, but he faced challenges with finding property managers and high expense ratios.Andrew sold those properties and started buying better properties in better neighborhoods.As those properties have appreciated, he has been selling them off and buying even better properties in even better areas.We also talk about how Andrew is able to buy two houses every time he sells a house.

Jeff shares the details of his plan to fund his retirement with rental income.We talk about how he's paying off his properties, how much cash flow his properties generate today, and how much they will generate when everything is paid off.Jeff also shares how he came up with his down payments, how he's financing his properties and we look at the numbers for his entire portfolio.https://rentalincomepodcast.com/episode431

Scott started buying rentals while working his W-2 job. His company had some management changes and he ended up getting laid off. At first he was stressed out, but then he realized he was going to be okay because of his rental income.On this episode we talk about how Scott has found a lot of success buying lower cost affordable housing rentals. We also talk about why lower cost properties are less risky than more expensive properties, and we look at one of his deals that didn't work out.Scott shares the numbers for his entire portfolio including his total monthly rent, mortgage payment, other expenses, and his monthly profit.https://rentalincomepodcast.com/episode430Thanks To Our Sponsors:Armadillo - Take 10% off your rental property warranty using this linkRidge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Thomas was a fan of Dave Ramsey and his debt-free teachings. But, he thinks following Dave's strategy when it comes to investing in rentals is causing people to miss out on building substantial wealth.Thomas doesn't believe that all debt is bad, and he thinks that it's possible to be conservative with debt, and still build wealth.On this episode, Thomas shares how he's building wealth without being over-leveraged.https://rentalincomepodcast.com/episode429

Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.Eventually, Harley wasn't getting a good return on his equity.He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!https://rentalincomepodcast.com/episode428

Zeke talks about how he built a portfolio of 50 rental doors in just 4 years.We talk about what the neighborhoods are like, if there is a bed/bath combination that rents best, the age of the properties, and how he's rehabbing the properties.Zeke also shares how he found the down payment money since he didn't have much money when he started investing.We also talk about the unique way that he's been finding properties, and how he got help managing them.https://rentalincomepodcast.com/episode427

Nick talks about how having an extra $5,000 a month has improved his life. The extra money gave him the freedom to live life on his terms. He was able to leave his 9 - 5 job and start his own business because of his rental income.We talk about how Nick has cut his living expenses by house hacking, and how having lower overhead allowed him to save money for down payments to buy more properties.Nick also shares the numbers for one of his deals, and we look at the income and expenses for his entire portfolio.We also talk about the simple wat Nick tracks his income and expenses.https://rentalincomepodcast.com/episode426

Camille shares her story of how she started with nothing and built a rental portfolio with over $1 million in equity that generates over $10K a month in cash flow.We talk about how she started by house hacking. House hacking allowed her to save money that she used to buy a beach condo.Camille also shares how the pandemic and some of the financial rules at the time helped her buy more rental properties.We also look at the numbers for her portfolio, including total rental income, expenses and how she gets to $10K per month in cash flow.https://rentalincomepodcast.com/episode425

Ashish from investorfriendlycpa.com talks about a simple strategy to avoid getting audited.We also talk about a strategy to legally pay no taxes on rental income, and how a little planning can save you thousands of dollars in taxes.