Rental Income Podcast With Dan Lane

Mortgage rates are increasing, the stock market has been tanking, and we are probably headed towards a recession. Is this a bad time to buy a rental?We talk to a real estate agent, a lender, and a wholesaler to talk about what they are seeing in the market, to help you decide what is best for you.Contact info for Bill Kenny, Caeli Ridge, And David Olds:https://rentalincomepodcast.com/bonus-market

Brandon was able to replace his W2 income with a small rental portfolio.On this episode, Brandon shares 4 things he did to set him up financially for the rest of his life.We also look at Brandon's numbers including how much money he invested, his mortgage balance, gross rental income, expenses, and his monthly cash flow.

Terry took out a HELOC against his primary residence and he uses it to buy rental properties. He then uses the rental income to pay off the HELOC.He has used this strategy to buy 7 houses that generate $7,000 a month in rental income.Terry also shares his strategy of buying nice houses in good neighborhoods that are easy to manage.We also talk about how Terry saves money on appliances and other upgrades he does to his properties.

Dakota shares his story of how he bought a property that he house hacked while working for Domino's Pizza as a delivery driver.We talk about how he continued to build his rental portfolio over the next 7 years by using a few different financing techniques.He started with $419 and today he has millions of dollars in equity in his rental portfolio.https://rentalincomepodcast.com/episode369

Natasha shares how she was able to leave her W-2 job and support herself with her rental income.We take a look at Natasha's portfolio and her numbers. We talk about how she budgets for repairs and vacancies, and how she uses the tax code to legally avoid paying taxes on her rental income.We also talk about how Natasha gets health insurance, and why she rents herself, instead of owning a home.https://rentalincomepodcast.com/episode368

KC & Kaysie talk about selling a rental property that was netting them $1,500 a month and moving the equity to a new property that now nets them $15,000 a month.They open up their books and share all the numbers for the old and new property and we figure out how they were able to make this transaction happen.We also talk about how they found the deal, how they financed it, and how they have been managing the property.

Heidi bought her first property to live in, but things changed in her life and she ended up renting the property.On this episode, we talk about how Heidi dealt with lots of problems including tenants that didn't pay rent, property damage, and getting shut down by her city.Heidi stuck with the property and today the property generates $2,000 a month in profit and has appreciated by over $200,000.https://rentalincomepodcast.com/episode366

Alan lives in an expensive area where it's really difficult, if not impossible to find properties that are going to generate cash flow.On this episode, Alan shares how he found an area where the properties were much cheaper and the numbers worked better.We talk about how he found his properties, we take a look at his number, and figure out how many rentals he needed to get to $70K. We also talk about challenges that he has had along the way.https://rentalincomepodcast.com/episode365

Greg talks about how he generates enough money off his rentals to pay all his bills.He still works so that he can generate more cash to continue to buy more rentals and to continue to build his rental income.We talk about why he likes buying condos and how why he's not afraid of condo fee increases, and how he has joined the condo board to have some say in how the development is run.https://rentalincomepodcast.com/episode364

David thought about buying rentals for a long time. Recently, he felt like the time was right to buy his first rental.On this episode, we talk about how he got his wife excited about the idea of buying a rental.We also talk about how he found the property, how he financed the property, and how things have been working out.David shares all his numbers, and we figure out if he got a good deal.http://rentalincomepodcast.com/episode363