Claim OwnershipRental Income Podcast With Dan Lane
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Description
Inspiring interviews with everyday people that are generating passive income by investing in rental properties.
On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.
Make sure you follow the show. A new episode is released every Tuesday.
On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.
Make sure you follow the show. A new episode is released every Tuesday.
497 Episodes
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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
On this episode, Shay walks through five strategies she's used to finance her rental property purchases.Shay bought two properties with the help of government grants.She has purchased four house hacks using low down payment loans.She's also used a HELOC, a business line of credit, and hard money to purchase rentals.Shay also details how she worked out a deal to get a free rental property.https://rentalincomepodcast.com/episode485
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
1Mark 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
After seeing his father pass away after working his entire life, Justin decided he needed to have the freedom to do what he wanted to do with his time today.Justin has built a tremendous retail portfolio, but a big part of his success is living in a house hack that profits $3,000 monthly.He does this by renting the downstairs part of his rental on a medium-term basis and renting out extra parking spaces.On this episode, Justin also shares three things he would have done differently if he had started over today.https://rentalincomepodcast.com/episode481
Lewis started investing in rental properties that didn't need any work and were ready to rent as soon as he purchased them.As he built relationships, networked, and gained more knowledge, he started doing the BRRRR strategy and could buy properties without coming up with significant down payments.On this episode, we look at Lewis' numbers (including total rent collected, mortgage expenses, and other expenses) and figure out how he is making $18k a month.We also discuss what he is doing with the cash he generates since he pays his bills with his day job.https://rentalincomepodcast.com/episode480
Anna and Tessa are two friends who are building out their rental portfolios.They are busy, have limited time to spend on their rentals, and lack many handy skills.Anna and Tessa both have different strategies for buying the types of properties they want to purchase, but they have similar mindsets about building wealth with real estate.On this episode, we discuss their strategies for finding and financing rental purchases, how they are fixing up properties, and how they manage their rental properties.https://rentalincomepodcast.com/episode479
Mike was inspired by a friend making $100k a month from rental properties. He thought, if his friend could do it, why couldn't he?On this episode, we discuss how Mike took baby steps for the first few years and eventually built a rental portfolio that nets him $35,000 a month.Mike shares his story of getting started and how one excellent investment changed the entire trajectory of his investing.We examine Mike's numbers, including his monthly gross rent amount, monthly expenses, and net cash flow.Mike also shares how challenging the COVID years were for his portfolio, but he made it through them and realized that if he can survive that, he can make it through anything.https://rentalincomepodcast.com/episode478
Kathi rented a property to tenants that were cooking meth in her rental.The toxins from the manufacturing of the meth were so bad that she was not able to remediate the property, and she lost everything.On this episode, we'll figure out what happened, how Kathi discovered it, and why her insurance policy didn't pay for the damage.We'll also figure out if Kathi could have done anything to avoid this situation and what investors can do to minimize the risk of this happening to them.https://rentalincomepodcast.com/episode477
Jason shares the formula he has followed to reach financial freedom:He uses other people's money to buy mobile homes, fixes them, and sells them for a profit.He then uses the profit as his down payment to buy rental properties.Then he uses the cash flow his rentals produce to pay his living expenses.On this episode, we talk about what he looks for in a potential mobile home flip, what he does to fix them up, and how he sells them.We also talk about what types of rentals he's been buying and look at the numbers on a recent deal.https://rentalincomepodcast.com/episode476
Charles used to believe that when you buy a rental property, you should hold it forever.However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else.On this episode we talk about two properties that Charles recently sold.We figure out what went wrong and whether he should have noticed any red flags when he bought the property.We also talk about what Charles did with the money after he sold it.
Spencer shares the details of renting his property to short-term transitional housing tenants.The organization he works with pays for repairs on the property, covers the rent, whether a tenant is placed or not, and takes care of the utilities.This arrangement ensures Spencer's steady and reliable income, making his rental profitable.Spencer also details his challenges getting his property up and running, from cost overruns to construction delays.https://rentalincomepodcast.com/episode474
Grant had a good job, but it was very demanding. After he had a few kids, he wanted to work less, and he was looking for a way to generate income and break away from his job.He figured out that he could generate enough income to support his family if he bought enough rentals.On this episode, we discuss his strategies, including traditional down payments, seller financing, HELOCs, and the BRRRR strategy.Join us as we delve into Grant's journey, from the moment he decided to invest in real estate to the point where he was able to leave his job. We'll also explore how, as a full-time investor, he was able to expand his portfolio, a testament to the potential of real estate investment.https://rentalincomepodcast.com/episode473
Alex shares his simple strategy to build wealth with his rental properties.Discover how Alex strategically acquires properties that not only generate wealth but also minimize tenant-related issues, offering him a hassle-free and promising investment experience.We also discuss why he thinks cash flow is essential, but buying properties likely to appreciate is more critical.We also talk about how important it Is to think long-term when investing in rentals.Alex also discusses the two phases of rental investing, growth, and cash flow, and how he is now transitioning to the cash flow phase.https://rentalincomepodcast.com/episode472
As an investor, if you have to pay for utilities, it can kill your cash flow. Having a utility company submeter each unit isn't always an option, and if it is, it can be costly.On this episode, Kelly shares a unique way to submeter buildings, without involving the utility companies.A meter is placed in the building that measures usage for each tenant.The landlord can then bill each tenant for their actual usage.Kelly talks about the cost of installing the meters, ongoing costs, and how the usage and rate data is compiled.https://rentalincomepodcast.com/episode471
Justin shares how not being able to take enough time from work for one of his kids to play travel hockey was his motivation to start building a rental portfolio.On this episode, Justin shares how he got the money to get started, how he financed his rental purchases, and how many properties he needed to leave his job.Justin also shares how he budgets for expenses (both business and personal), and how he gets health insurance for his family without a job.https://rentalincomepodcast.com/episode470
Bryan was slowly building his rental portfolio, and over the last few years, he figured out a formula to step up the pace of his buying.On this episode, we talk about:How he's been buying incredible deals ($100K under market).How he financed his purchases.Where his down payment money came from.We also look at the numbers for his entire portfolio, including total rent, mortgage payments, typical expenses, and net cash flow.Bryan also shares his plan to get to $20K in monthly cash flow.https://rentalincomepodcast.com/episode469
Jacki talks about her strategy of buying a property that she wants to use on vacation for a few years. She generates income by renting it when she's not there.After a few years, she's ready to go somewhere new. She'll sell the property for a profit, and use the equity she created to buy the next one.On this episode, we talk about how many times she's done this strategy, what the perfect property looks like, and we look at the numbers for a recent deal.'https://rentalincomepodcast.com/episode468
Join us as we explore the ins and outs of financing, legal structures, and the advantages and disadvantages of buying rentals with partners.On this episode, we talk about their decision to operate under an LLC or as individuals to build their portfolio.We also talk about how they used an FHA 203k loans, a powerful tool to buy and rehab properties with a small down payment.Dave and his partners have come up with a unique way to make sure they can continue to buy rentals even if one member of the partnership can't afford it at that particular time.We also talk about what they are doing with the monthly cash flow, and how they are managing their properties.https://rentalincomepodcast.com/episode467
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wow just naive guest..I just feel sorry for him to be so gullible n just throw cash out trusting other ppls word.. sellers will always say good things bout their junk n hoping to find a naive buyer as this guest..common that's just basics
this man sounds like a slum lord, and he used low in areas to put money in his pocket. now he seems like he is to good to do business in those areas.
Wow, the host needs say the word "realtor" correctly because saying it incorrectly makes him sound like an inexperienced rookie. It's not pronounced real-a-tor, it's pronounced real-tor. Now you know. Sheesh.
Love this podcast! Great tips from folks who've been there and done that.
Great info for those interested in getting their feet wet in rental properties.