Rental Income Podcast With Dan Lane

Terry Kerr and Liz Nowlin of MidSouth Home Buyers share how they help people invest in rentals by doing all the work for them.They find a distressed property, do a full renovation, find a well-qualified resident, and then sell the property to an investor.MidSouth also continues to manage the properties for their investors after the sale.Everything Is completely done for the investor.Do you think it sounds too good to be true?It's not. Dan Lane has bought four properties from Terry and Liz over the last seven years and has had a great experience.On this episode, we go into detail about exactly how this works; we also talk about what the neighborhoods and what the properties are like, the guarantees that come with every property, and the little details that MidSouth does to help make the investment profitable.Dan also shares his experience and we look at one of his rentals and go over the numbers. https://rentalincomepodcast.com/episode491Midsouth Home BuyersThanks To Our Sponsor:Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. 

Dane thought about buying rentals for ten years before he finally got started.On this episode, we talk about:Turning his primary home into a rentalHow making a big sacrifice early on helped him get started.He faced some of the challenges with investing out-of-state. We figure out what went wrong and how he turned things around.How he dealt with his city banning Airbnb right after he bought a property.Why does he own rentals but also rents himself?Thanks To Our Sponsors:The Guarantors - Protect your property against losses, rent defaults, vacancies, lease breaks, damages, and more without increasing your operating expenses.Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.https://rentalincomepodcast.com/episode490

Jeff lives in an area known for having lots of properties that make sense for rental properties, but he chose to invest out of state.On this episode, we compare how the properties, property values, neighborhoods, and property taxes are different in the area he invested in vs where he lives.We talk about how he found his properties and virtually toured them on FaceTime.Jeff shares the numbers for one of his deals and tells us what he does with his profit.We also discuss the challenges he had with his first property manager and why he had to fire him.https://rentalincomepodcast.com/episode489

Evan started investing in cheap properties that he rented to Section 8 tenants.On this episode, we take a realistic look at investing in these low-cost and high-return properties.Evan shares the good and the bad of Section 8.He discusses his most significant expense and why assigning a percentage to the budget for expenses doesn't work.We also compare his experience owning cheap rentals with his experience owning more expensive rentals.https://rentalincomepodcast.com/episode488

When David decided to start buying rentals, everyone in his life thought it was a bad idea. They thought his timing was bad and he would lose money.David didn't listen to them, and today, he owns 18 rentals that generate over $13,000 a month in profit, giving him a runway to financial freedom.On this episode, we discuss how he started renting rooms in a house hack and how he got to where he is today.https://rentalincomepodcast.com/episode487

After 40+ years of investing in rentals, Larry decided to sell off his rentals and retire.After Larry sold everything, his son Jordan expressed an interest in real estate investing.Today, Larry and Jordan are working on building a rental portfolio.On this episode, we discuss what they are buying, how they are dividing the work, and how they are finding and financing their properties.We also discuss whether Larry is doing anything differently with his new portfolio or if he is following his previous playbook.We also review a recent property they purchased and look at the numbers.https://rentalincomepodcast.com/episode486

Shay Nabors, an experienced investor with a knack for financing rental properties, shares her journey and strategies. She reveals how government grants helped her acquire two properties and details her use of low down payment loans for house hacking. Shay dives into utilizing a HELOC, a business line of credit, and hard money loans to bolster her investments. Plus, she shares an intriguing story of how she secured a free rental property—strategies that aspiring investors won't want to miss!

Eight years ago, our guest knew nothing about rentals and was not earning much money at his job.Today, after paying his mortgages, repairs, and other expenses, his rental portfolio generates over $200k in profit annually.On this episode, we'll examine all the numbers in his portfolio (total rent, mortgage expenses, utilities, repairs) and figure out how he made over $200k in profit.We'll look at a typical rental purchase and discuss how he finances his rentals.https://rentalincomepodcast.com/episode484

Mark built a pretty big rental portfolio but didn't do anything risky or overextend himself.Instead, he took a slow and steady approach and built his rental portfolio slowly over time.On this episode, we'll discuss how he built his rental portfolio, the types of properties he bought, and how he used the 1031 Tax-Deferred Exchange to double his cash flow once he built up equity in a property.Mark will also share his advice for anybody investing in today's market and his mentor's advice when he was house hacking many years ago.https://rentalincomepodcast.com/episode483

Jhanel shares her journey from starting out as a college student with no money to leaving her job when she earned $70,000 a year in rental income.On this episode, Jhanel discusses where she got the money to buy her first deal and the challenges she encountered with her first property. We discuss what she thinks are the best properties to buy, how she funds her purchases, her experience with Section 8 rentals, and how she's been able to tap into her equity with cash-out refinance.Jhanel also shares the details of one of her deals.https://rentalincomepodcast.com/episode482