Bonus: Update On Mortgage Rates & New Mortgage Tax
Caeli Ridge gives a live look at the current investment mortgage rates for a rental purchase, refi, and cash-out refi. She also updates us on the latest with the new mortgage tax.
Sep 03, 2020•9 min
Rental Income Podcast With Dan Lane
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.
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Episodes
Managing Your Own Rentals Is A Really Bad Idea With Jennings Smith (Ep 278)
Jennings thinks that it is a really bad idea for real estate investors to manage their own rentals. He thinks that investors are actually creating a second job when they self-manage when the entire reason they started investing in rentals is for passive income and freedom. On this episode, we talk about mistakes that landlords make when they self-manage and how a good property manager can actually make an investor more money.
Sep 01, 2020•20 min
The Old School Get Rich Slow With Rentals Program With Joel Miller (Ep 277)
Joel shares how rentals made him rich by following a simple old school plan of buying rentals over time, and not selling them. He bought his first rental property over 40 years ago and as he had the money he would add to his portfolio. Doing this consistently over a long period of time allowed him to build up enough monthly rental income that he was able to retire from his day job. On this episode we talk about how he did it, and he gives advice on how you can do it too.
Aug 25, 2020•22 min
This Landlord Has Some Huge Problems - Let's See If We Can Help Her (Ep 276)
My guest has some major problems with her rental portfolio. She has multiple tenants not paying rent, and she has vacant properties that need repairs and she doesn't have the funds to make the repairs. We talk about how she got in this situation, and we bring in another experienced landlord to offer some guidance on how she can turn things around.
Aug 18, 2020•25 min
Is It A Good Idea To Cash Out Your 401(K) To Buy Rentals? Meet The Guy Who's Happy He Did It - Heman Chand (Ep 275)
Heman wanted to buy rentals, but he didn't have the cash to get started. On this episode, he talks about deciding to cash out his 401(K) and how he has turned that initial investment into a portfolio with millions of dollars in equity. We compare what he would have made if he had kept his money in the stock market and what he has made off his rental properties. We go over his numbers, his technique to get rent increases, and how he has had zero vacancy in his rental portfolio....
Aug 11, 2020•25 min
His Simple Formula To Make $1 Million From Rental Properties With Marcus Auerbach (Ep 274)
Marcus shares his simple formula to make $1 million with rental properties. He talks about a common mistake that investors make when they are looking to buy rentals. He also shares the numbers on one of his recent rental purchases, and what he does to keep his maintenance and repair costs low.
Aug 04, 2020•21 min
From A Few Thousand Dollars To 7 Rentals That Pay All Her Living Expenses With Amanda Young (Ep 273)
Amanda was a single mom when she bought her first rental. She didn't have a lot of money, but she had a dream to retire early with rental properties. On this episode, we walk-thru how she built her rental portfolio without having a lot of money. She shares the creative strategies that she has used to find and purchase rental properties.
Jul 28, 2020•23 min
Can You Really Make Money With Turnkey Rentals? With Joe DiSanto (Ep 272)
Joe has invested in both local rentals, that he self-manages, and out of state turnkey rentals. The turnkey rentals were fully rehabbed, had a tenant in place, and property management was provided by the turnkey company. On this episode, Joe shares his experience with buying turnkey rentals and shares how they have actually performed for him. He also shares the minimum price to rent ratio an investor needs to be profitable with turnkey and the number for a self-managed property....
Jul 21, 2020•23 min
He Did A BRRRR On A Small Apartment Building (And Increased Cash Flow $11K/Month) With John Warren (Ep 271)
John talks about how he found a run-down apartment building, fixed it up, and was able to raise rents over $10K a month. After the project was done he was able to refinance and get all of his money back. On this episode, we talk about exactly what he did, how he overcame a few challenges, and his numbers.
Jul 14, 2020•22 min
How She Retired Off Rental Income In Her 30's With Ann Belter (Ep 270)
Ann and her husband made a plan to replace their job income with rental income. They slowly started buying rental properties and building their rental income. Eventually, they built enough passive income to replace their job income, and today they don't have 9 - 5 jobs. They are able to spend time with their kids, travel, and do what they want to do with their time. On this episode, we figure out how Ann did it.
Jul 07, 2020•23 min
How To Build Wealth With A 1031 Exchange With Brendan Lewis (Ep 269)
Brendan explains the basics of a 1031 in an easy to understand way. We talk about the deadlines investors need to be aware of, and several situations that investors may find themselves in. Brendan explains how to do a 1031 with partners, what happens if you own a property in an LLC, and how you can take some money out during the 1031. He also shares 2 ways investors can avoid paying capital gains tax.
Jun 30, 2020•31 min
How To Make Big Returns Renting Cheap Houses With Larry Myer (Ep 268)
Larry talks about a recent property that he purchased for $500. We go over his rehab budget, and what the property rented for. We also talk about the neighborhood that his properties are in. (hint: it's not a horrible neighborhood). And how he screens and manages his tenants. We also talk about how he screens and manages his tenants.
Jun 23, 2020•23 min
How This Couple Went From 0 - 6 Rentals With Darrell And Ana (Ep 267)
Husband and wife team Darrell and Ana have been buying rentals for a few years. They have had a lot of good things happen with their rentals, but they have also had some challenges with tenants, major expenses, rehabs, and financing. On this episode we take an honest look into their portfolio and talk about the good and the bad of owning rentals.
Jun 16, 2020•22 min
He Thinks He Made A Big Mistake Buying Rentals With Cash With Chris Haldeman (Ep 266)
Chris thought he wanted to own a few properties free and clear. After he did it, he realized that he didn't want a few rentals. He wanted to own a portfolio of rental properties, and he wasn't going to be able to do it without using mortgages. On this episode, we talk about why he changed his thinking and how using debt has made him a better investor and landlord. We also talk about some of the challenges he has faced as a landlord, and how he overcame them.
Jun 09, 2020•20 min
How To Make More Money From Your Rentals (Ep 265)
The biggest expense we have as landlords is when you have a turnover. Usually, something needs to be fixed or replaced. You may have some vacancy between tenants, and you may have to pay a commission to place a tenant. My guest today has an incredibly profitable portfolio because her tenants don't leave. Her average tenant stays for 8 years. That didn't happen by accident or because she had good luck. On this episode, we find out what she is doing to keep tenants for so long....
Jun 02, 2020•27 min
How He Built A Rental Snowball That Buys Him More Rentals With Edwin "Stick" Dissosway (Ep 264)
On this episode of the podcast, Edwin describes how he bought properties and used the cash flow that those properties generated to buy more properties. The more properties he bought the bigger his cash flow became, and the more properties he could continue to buy. We also talk about the hidden way that rentals helped him build wealth, and some of the things he has done to make his rentals more profitable.
May 26, 2020•20 min
The No Debt Rental Investing Plan With John (Ep 263)
John shares how he built his rental portfolio without any debt. We talk about how he saved the money to buy his rentals with cash. He also goes over the numbers for one of his recent rentals, and he talks about why he only buys properties in really good neighborhoods.
May 19, 2020•23 min
How They Make Double The Rent (With A 5 Year Lease) With Randy & Jana Hubbs (Ep 262)
Randy and Jana share their unique strategy of leasing single-family houses to a charity that provides housing to special needs kids. Randy and Jana are not responsible for any child care or any of the activities inside the home. On this episode, they explain how the program works, the best type of properties to do this with, and what their experience has been like.
May 12, 2020•23 min
Don't Make These Mistakes With Your Rentals With Jens Nielsen (Ep 261)
When Jens bought his first couple of rentals he made a few mistakes. He had a lot of trouble with the type of tenants he was attracting, and his repair expenses were a lot higher than he thought they should be. Pretty quickly, he figured out what he was doing wrong and he made some adjustments to his investing criteria. On this episode, we figure out what he did wrong, what he learned, and how that experience has made him a better investor today.
May 05, 2020•23 min
How He Went From Broke To $20,000 In Monthly Rental Income With John Soforic (Ep 260)
John shares how he figured out the math behind building a rental portfolio that generates him $20,000 a month in profit. We talk about how he built his portfolio without taking a lot of risk, and why he likes buying properties that don't require a lot of rehab work.
Apr 28, 2020•25 min
Bonus: The Ugly Truth About Mortgage Forbearance
If you are in a tight spot financially, or you think you may be in the future, a mortgage forbearance might sound like the perfect solution. You take a break from your mortgage payments and you can catch up in the future when things are better. This sounds great, but there is a BIG downside to taking a forbearance. On this bonus episode, we talk about what will really happen, if you take a mortgage forbearance.
Apr 25, 2020•7 min
Will Jobless Tenants Pay Rent? Four Landlords Share Their Experience (Ep 259)
What happens when good tenants get laid off? If they lose their job will they still pay rent? On this episode, we talk to four landlords to hear their experience with collecting rent during COVID-19. We talk about how many of their tenants paid rent, and some of the strategies that they are using to help their tenants get the money to pay them.
Apr 21, 2020•26 min
How He Replaced His Job Income With A Small Rental Portfolio With Chris Cucchiara (Ep 258)
We first met Chris, on this podcast, two years ago. On episode 148, Chris talked about how he was working full-time, and slowly building his rental portfolio on the side. On this episode, we follow-up with Chris, and find out that he has been able to leave his job, and today he and his wife live off their rental income. We talk about how he was able to increase his real estate income and lower his expenses.
Apr 14, 2020•23 min
How He Bought 11 Rentals Without Having A High Paying Job With Andy Samuelson (Ep 257)
Andy is a teacher and doesn't make a lot of money. But, he has managed to buy 11 rentals over the last few years. On this episode, we talk about the different strategies that he has used to buy his properties, and how he manages his rentals with his full-time job. We also talk about the unique way that he screens his tenants, and how he has been able to squeeze a little extra monthly cash flow out of his rentals.
Apr 07, 2020•23 min
Bonus: How Changes To The Mortgage Market May Benefit Investors
COVID-19 continues to change the mortgage market. On this bonus episode, Caeli Ridge talks about how mortgage lending programs have changed in the last few weeks, and how some of these changes may benefit investors. We also talk about changes to the way that appraisals are being done today. As well as how banks are working with rental property investors, if they have a tenant that can't pay rent due to a job loss or illness.
Apr 02, 2020•18 min
His Rental Income Pays All His Living Expenses And He Saves 100% Of His Job Income With Matt Lenza (Ep 256)
Matt talks about how he was able to reduce his living expenses by house hacking. Doing this enabled him to save money that he used to buy really cheap properties (in good neighborhoods. Today the cash flow from those properties is enough to cover all of his living expenses. He still works full-time, but he is able to save 100% of that money, to continue to build his wealth and buy more rentals.
Mar 31, 2020•23 min
He Survived (And Profited) During The Last 2 Recessions - Here's What He's Doing Now With Jason Pero (Ep 255)
Jason bought rentals, and made a lot of money, during the last two recessions. On this episode, compare how he felt after 9/11 and 2008 vs today and if he would buy rentals in this market. Jason has also recently made a lot of changes to the way he manages his rental properties due to the Coronavirus. We talk about what he's doing differently with showings, managing tenants, and working with late payments.
Mar 24, 2020•20 min
How Coronavirus Is Changing Things For Landlords With Fleming Schutrumpf (Ep 254)
Fleming shares how Coronavirus has affected him and his rentals so far. We also share tips on how to communicate with tenants during this crisis, and how landlords can protect their investment.
Mar 17, 2020•18 min
Analyzing His First Rental Property With Tucker Cummings (Ep 253)
Tucker just closed on first rental. On this episode, we talk about how he educated himself on rentals, how he made connections with local a local Realtor and Property Manager. We also talk about how he researched different neighborhoods to find the best area to invest in. We review his numbers and talk about how much he is making monthly on his first deal.
Mar 10, 2020•23 min
Bonus: How Coronavirus Is Affecting Mortgage Rates With Caeli Ridge
We talk about how the Coronavirus and the emergency rate cut have affected the mortgage market. We look at the current rates and talk about when it might make sense to refi a rental.
Mar 05, 2020•11 min
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