Rental Income Podcast With Dan Lane

When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage.The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear.On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow.We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased.https://rentalincomepodcast.com/episode510Thanks To Our Sponsors:Ridge Lending Group - Financing For Rental Properties.MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.Obie Insurance - See if you can save money on landlord insurance.

Occasionally, tenants fall behind on rent. Should we work with them to catch up or proceed with the eviction?On this episode, Derek Morton shares why working with tenants will make investors more profitable.He shares information on how to find charities and grants to help tenants, and under what circumstances he won't work with a tenant.He also shares the number one predictor of whether a tenant will have trouble paying rent and why he doesn't use 3x rent to qualify a tenant's income.https://rentalincomepodcast.com/episode509Thanks To Our Sponsors:Ridge Lending Group - Financing For Rental Properties.MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.Obie Insurance - See if you can save money on landlord insurance.

Taxes can be confusing and overwhelming. It's easy to tune it out. Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely.On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes.https://rentalincomepodcast.com/episode508Thanks To Our Sponsors:Rental Trial - Easily track rental income and expenses. Free 30 day trialRidge Lending Group - Finance your next rental property purchase

George's first deal didn't work out the way he planned.Construction cost more and took longer than planned, mortgage rates went up, and insurance was higher than expected. However, the property still ended up being a great deal. It still cash flows and has been appreciated nicely.In this episode, we review what went wrong and figure out why everything still worked out.We also talk about how George accidentally started investing in real estate when he couldn't sell his primary residence.http://rentalincomepodcast.com/episode507

Squatters saw a rental listing online, broke into the property, and moved in. The investor's Realtor noticed someone occupying the property and called the police.When the police arrived, the squatters presented a fake lease. The police told the Realtor that this was a civil matter and that there was nothing they could do. They would have to take this up in court.On this episode, the investor's attorney, David Metzger, discusses what happened next and how he ultimately removed the squatters from the property.We also discuss a shortcut he devised to speed up the process and steps rental investors can take to prevent this from happening to them.https://rentalincomepodcast.com/episode506

Jefferson built his rental portfolio by buying rental properties out of state.He doesn't care where the property is as long as the numbers make sense and it's in a good area.On this episode, Jefferson shares how he finds deals, researches the area he wants to invest in, and does his due diligence.We also discuss how he has found many of his deals on Facebook and has worked out creative financing to buy properties with little money out of pocket.https://rentalincomepodcast.com/episode505

Harley shares how his rental properties have given him financial freedom, time freedom, and location freedom.Harley and his family have become digital nomads, traveling to different countries every few months.On this episode, he shares a few hacks he's been using to lower the cost of traveling and explains how he's set up systems to manage his rentals with little effort on his part.We also talk about the platform he uses to collect rent, how he handles tenant communication in a different time zone, and how he handles repairs, turnovers, and evictions.We also discuss some of Harley's other income streams in addition to his rental income.https://rentalincomepodcast.com/episode504

Brian has invested in rental properties since the late 1990s and has seen several market cycles.He's always found opportunities whether prices and interest rates were low or high, or the economy was good or bad.,He's found that every year functions differently than the year before, and you have to adjust your strategy to fit the current market.On this episode, we discuss examples of the market in different years and how Brian adjusted his strategy during that period.We also talk about his strategy for investing today.https://rentalincomepodcast.com/episode503

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that.They have done over 100 BRRR's in the last couple of years.On this episode, we talk about how they are finding and financing deals today.They also share the details and numbers for a recent deal.We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio.Peter and Ron also share advice on going from a few rentals to a large portfolio.https://rentalincomepodcast.com/episode502

Rodney grew up in a family that didn't give him the best advice on how to build wealth.After hearing about creating generational wealth, Rodney decided to invest in rental properties to build a legacy for his kids.Rodney had little cash, so he had to get creative to invest in rental properties.On this episode, we talk about the strategies he used to find the money to invest and how he was able to do it while being a self-described lazy landlord.We also look at a recent deal. Rodney shares how he found the property how he financed it, and review his numbers.Mentioned on the podcast:Deal CheckRent RediZillowGoogle Siteshttps://rentalincomepodcast.com/episode501