Rental Income Podcast With Dan Lane

Jeff shares how he built his portfolio of over 100 rental units, by buying smaller apartment buildings, letting them appreciate. Then 1031 exchanging them for a bigger property in a better area. Jeff also shares why he doesn't invest in his local area. We talk about how he does this with the help of a team, how he figured out the area he invests in, and why he likes investing in multi-family properties vs single families. Jeff also talks about how working with the right people has helped him find deals, buy properties sight unseen, and manage and fix up properties. " target="_blank" rel="noopener">https://rentalincomepodcast.com/trading-up-to-better-rentals-with-jeff-berlin-episode-493/ Thanks To Our Sponsors: Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties. We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio. Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works. https://rentalincomepodcast.com/episode492 Thanks To Our Sponsors: Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Caeli Ridge shares the latest news on the mortgage market. We discuss where rates are headed and how this will affect rental property investors. Caeli shares today's rates, and we go over a payment example. Caeli also talks about how much money investors would save if rates come down more. We also talk about a creative strategy to save money on interest. Contact Caeli: 855-74-RIDGE RidgeLendingGroup.com

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. More From MidSouth Home Buyers: Website Email Thanks To Our Sponsor: Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. https://rentalincomepodcast.com/episode493

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 rental How 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: TheGuarantors - 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

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

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

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.