Rental Income Podcast With Dan Lane

Al started with a small condo and a 4 Plex that he house hacked.After a series of trading up to bigger and better properties, he ended up with a 74-unit apartment complex that nets him $28,000 per month.We talk about how Al found a neglected property and turned it around (from halfway across the country), how he manages the property, and review all the numbers, including total monthly rent, expenses, and cash flow.We also talk about the series of trades that Al made to get where he is today.https://rentalincomepodcast.com/episode415

Anytime Michael would manage to save $10,000 he would always find something to buy with his money. He figured out that it would be a better use of his money to buy a rental with the money and the cash flow that the property generated would make him even more money every month.On this episode Michael shares if small apartment buildings or single-family homes have been better investments for him.He also talks about how he built a diversified portfolio with properties in different types of neighborhoods.He also shares how he got rid of a bad tenant that was about to scare off good tenants.https://rentalincomepodcast.com/episode414

Andy made a lot of mistakes with his first rental. He paid too much, he didn't budget for expenses and vacancies, and he didn't use the 1% rule, or other criteria to evaluate the property.Rentals can be very forgiving, and with time, his rents went up, he was able to bring his payments down by refinancing and appealing his property taxes. Today this is one of his property is his best-performing rentals.On this episode, we talk about what Andy learned from this experience, and how it helped him become a better investor.Thanks To Our Sponsors:The GuarantorsRidge Lending Group

Farris shares how he went from not knowing anything about real estate five years ago, to owning a portfolio of rental properties that nets him $90K a month.We talk about what types of properties he's buying, and where he is getting the money from.Farris has an amazing story because he isn't doing anything risky. He has been buying occupied properties that generate cash flow as soon as he closes, and using traditional mortgages with 20% - 25% down payments.https://rentalincomepodcast.com/episode412

Mike shares his experience of buying out-of-state properties for cash flow. The properties looked great on his spreadsheet - and they did make money. But, he wasn't making the kind of returns he was looking for.Mike has made way more buying properties, holding them for a while, and then selling them for a large profit.We talk about how much Mike has made on his transactions, and why he prefers to sell them vs holding them for the long term.https://rentalincomepodcast.com/episode411

Terry shares the details of turning a traditional long-term rental into a corporate rental.We talk about the best location for a corporate rental, how he finds tenants, and how long they generally stay with him.Terry also shares how much he spent furnishing his rental, how much vacancy he has, and how much time he spends managing his property.

Amy shares how she found money for down payments by tapping into equity wherever she could find it, including her cars, home equity, and retirement money.She also shares the unique strategy that she is using to finance her portfolio without having to come up with a lot of money.Amy owns a mix of single family and 4 unit buildings. We see which type of property is more profitable.We also take a look at one of her properties and talk about how she found it and we go over all her numbers.Thanks To Our Sponsors:The GuarantorsRidge Lending GroupShow Notes:https://rentalincomepodcast.com/episode409

Vessi lives in an expensive area, where the laws are not very landlord friendly. This made it difficult to invest in rental properties locally.On this episode, Vessi shares how she found the area she is investing in, and how she bought her first few properties.We also look at the numbers for her first deal and see if things have turned out the way she projected.https://rentalincomepodcast.com/episode408

Most people would be in a tight spot financially if they suddenly stopped getting their paycheck.Luckily Walter started buying rentals a few years before he got laid off, and the income from his rental portfolio produced enough monthly income that it covered most of his living expenses.This gave him some breathing room as he transitioned to a new career.On this episode, we take a look at Walter's portfolio including the type of properties he's purchased, and how he financed them.We also take a look at his numbers including his total monthly rent collected, expenses, and his net cash flow.https://rentalincomepodcast.com/episode407

Mike's primary residence increased in value and he tapped into that equity to buy his first rental.On this episode, Mike shares why used a HELOC vs a traditional mortgage. We also talk about the advantages and risks of a HELOC, and how he plans to recycle his equity to buy more rentals.We also talk about the strategy that Mike used to have his tenants ask for a $200 rent increase.https://rentalincomepodcast.com/episode406