Rental Income Podcast With Dan Lane

Kristina shares how she's been successful in investing in rentals by being flexible with her strategy.We also talk about how she's had to change how she's found deals as they became harder to find.Kristina shares the numbers for her portfolio, including gross rent, mortgage payment, repairs and cash flow.We also take a look at one of her deals.https://rentalincomepodcast.com/episode424

Ray And Letitia had no idea it would be so hard to buy a property in their IRA.On this episode, they share the lessons they learned going through the process, and some major mistakes they could have made if they had not spent the time to learn the IRS rules on self-directed IRAs.We also talk about what the process was like purchasing their property, and how they dealt with a major change that almost ruined their business plan.

Guido had a ton of problems in his early investing days. His basement flooded, he had evictions, and rumored drug dealers in one of his rentals. One day he got frustrated and decided to sell his property.His property went under contract, and Guido immediately regretted his decision to sell. Luckily, the contract ended up falling through, and Guido went to work turning the property around.A few years later the property appreciated and Guido was able to do a cash-out refi for $750,000.On this episode, we talk about how he was able to take that money and build a rental portfolio that generates six figures in cash flow every year.https://rentalincomepodcast.com/episode422Thanks To Our Sponsors:The GuarantorsRidge Lending Group

Johnathan talks about how he buys rentals to generate monthly cash flow that gives him freedom to live life on his terms.Currently, he doesn't need the cash flow to pay his bills, so he reinvests all of that money back into his portfolio to continue to build his portfolio.We also talk about how Jonathan buys some properties for appreciation, and others for cash flow.He also shares the details for one of his deals including expenses and cash flow.https://rentalincomepodcast.com/episode421

Jake shares his strategy for generating money to buy rental properties.When he looks at a property, he figures out if it would be a good flip or a good rental. If he ends up flipping it, he'll set the profit aside to buy his next rental. When he buys his next rental, he now has cash flow for the rest of his life.On this episode we talk about how he decides if a property is a better flip or a rental. We also talk about how he's finding deals and how he's financing them.https://rentalincomepodcast.com/episode420

Harrison shares his strategy of buying run-down apartment buildings, in areas of the city that are improving.We talk about how he is making extra money by starting retail businesses in the commercial portion of the building.Harrison details how he's been able to buy and fix up the properties using very little of his own money.We also take a look at one of his deals and look at the rental income, mortgage payment, other expenses, cash flow, and how much equity he's created by fixing up the building.https://rentalincomepodcast.com/episode419

Andres figured out pretty quickly that he was not going to be able to buy very many rentals using his own money.He started creating win-win "Creative Partnerships" to raise money to buy rental properties that generate profits for him and his investors.On this episode, we talk about how he did it, and we also look at his entire portfolio and figure out how he generates about $10K a month in rental income and has created $2 million in equity.https://rentalincomepodcast.com/episode418

Nick shares how his rentals make him an extra $2K a month with very little work.Nick talks about the strategy he has been using to pay off his rentals, and how he plans to have his entire portfolio paid off in the next 7 - 8 years.We take a look at his numbers including the total rent collected every month, and his expenses (mortgage payments, taxes, insurance, repairs, and management fees.)We also talk about some of the big expenses Nick has had with his rentals, and how he survived those big expenses.https://rentalincomepodcast.com/episode417

Jake is comfortable with mortgage debt, but his wife isn't. Together they came up with a compromise to use mortgages to purchase properties but to get them paid off as quickly as possible. Today they have paid off 75% of their mortgage debt.On this episode, Jake shares three strategies he has used to pay off their mortgages.Jake also shares a unique way that he has found off-market deals.https://rentalincomepodcast.com/episode416

Caeli Ridge from Ridge Lending Group shares how to get approved for a mortgage on a rental property.We talk about the minimum credit score, the documents that you will need to provide, and the reserve requirements.We also talk about the timeframe to close a loan, and the 4 mistakes that Caeli has seen borrowers make.https://rentalincomepodcast.com/bonus-mortgage-approval