Rental Income Podcast With Dan Lane
505 episodes - English - Latest episode: 9 days ago - ★★★★★ - 785 ratingsInspiring 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.
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Episodes
How He Doubled His Cash Flow With Morgan Ehrenzeller (Ep 464)
April 09, 2024 07:00 - 23 minutes - 18.5 MBMorgan shares how he was able to get double the returns by buying properties two hours away. Once he saw that he didn't need to live close to his properties, he packed up and moved 1,000 miles away. On this episode, Morgan shares how he was able to build his portfolio with a low credit score, and where he got the money from to build his rental portfolio. https://rentalincomepodcast.com/episode464
Tearing Down An Old House And Building An Apartment Building With Mitch Roschelle (Ep 463)
April 02, 2024 07:00 - 22 minutes - 17.9 MBMitch shares his unique strategy of buying run-down properties, tearing them down, and replacing them with 8-unit apartment buildings. We talk about why he likes to tear down properties vs buy vacant land. Mitch also shares the lot size and age of the property he targets, and how he gets the construction done in just a few months. We also take a look at his numbers. Mitch shares the typical acquisition cost, construction costs, and typical rent. https://rentalincomepodcast.com/episode463
Don't Let Fear Stop You From Buying Rentals With Tony Cook (Ep 462)
March 26, 2024 07:00 - 22 minutes - 17.9 MBTony shares that he wanted to buy rentals for 5 - 7 years, but fear and his relationship with money held him back. Tony finally bought his first rental two years ago, and today his portfolio consists of 9 rentals. On this episode, we talk about how Tony found his first deal, we also take a look at his numbers (including the rent, his mortgage payment, and other expenses) and figure out how much money Tony sets aside for emergencies for each property. We also talk about how Tony has used ha...
How He Protects His Rental Income From A Market Downturn With Peter Stewart (Ep 461)
March 19, 2024 07:00 - 23 minutes - 18.6 MBPeter shares his strategy of owning properties in different areas so that if the economy in one area starts doing badly, his other properties in other areas can pick up the slack. He has purchased in 4 different areas using different strategies. Some are long-term rentals, Some are Airbnb. He talks about: How he has bought out-of-state properties without going to see them in person How he self-manages out-of-state Airbnb's How he was able to massively cut his income tax with one of his r...
From $75K In Debt To $68K/Month In Rental Income With Steven Andrews (Ep 460)
March 12, 2024 07:00 - 22 minutes - 17.7 MBSteven had no money, and a negative networth when he started buying rentals. On this episode, he shares how he got started and built his rental portfolio. We talk about: How he got the money to buy his rentals How powerful time is in building equity and cash flow The types of properties that he likes to buy How he keeps costs down by using VA's to help him manage his rentals How he rents properties without showing them to potential tenants https://rentalincomepodcast.com/episode460
Trading Up From Junky Rentals To Better Rentals With Brandon Penn (Ep 459)
March 05, 2024 08:00 - 22 minutes - 17.7 MBBrandon didn't have a lot of money when he started buying rentals. He got started buying what he could afford - old, run-down properties. He fixed them up, and raised the rent. Doing this created a ton of equity. Today, Brandon is in the process of selling off some of those properties and using the equity he created to buy nice single-family homes in better neighborhoods with cash. The new properties will be more profitable because they will be newer and not have mortgage payments. They sh...
The Two Simple Things He Did To Build Wealth With Rental Properties With Joel Miller (Ep 458)
February 27, 2024 08:00 - 28 minutes - 22.6 MBJoel has been buying rental properties for over 45 years, and on this episode, he shares two timeless things he did to build substantial wealth with his rental properties. Joel also shares insight into how he thinks about money and how he built his portfolio with the smart use of leverage. Joel also shares how building relationships with other investors has been a very important part of his success. https://rentalincomepodcast.com/episode458 Have a question, or want to leave feedback abou...
Rentals Are The Ultimate Get Rich Slow Plan With David Maher (Ep 457)
February 20, 2024 08:00 - 26 minutes - 21.5 MBDavid shares how he's been able to substantally grow his cash flow and build wealth by making sure he raises rent every year. We talk about how much he targets to raise rent, how he notifies tenants about the increase, and how long before the end of the lease he notifies them. We also talk about why he uses a Realtor to lease his rentals vs leasing himself. We also look at the numbers for one of his deals and see how much his cash flow has increased over time with yearly rent increases. h...
Prices Were Too High Locally - Here's Where He Found Better Cash Flow With Joe Facenda (Ep 456)
February 13, 2024 08:00 - 24 minutes - 19.6 MBJoe lives in an area that historically has seen great appreciation, but cash flow is very hard to come by. He decided to invest in good areas that had much cheaper properties, that produced better cash flow. On this episode, we talk about if Joe sees any risk in investing out of state. We also talk about how Joe figured out where to invest, how he found his properties, and see if he ran into any challenges along the way. https://rentalincomepodcast.com/episode456 Want to be a guest on the...
He Cracked The Code To Making A Fortune With Rental Properties With Ben Scott (Ep 455)
February 06, 2024 08:00 - 24 minutes - 19.7 MBBen is a Realtor, Property Manager, and owns rentals in his personal portfolio. On this episode, he shares the types of properties that have worked out best for him and the investors he works with. We talk about the best type of neighborhoods to buy in, the perfect bed/bath combination, and the types of properties to avoid. We also talk about why Ben thinks it's important to diversify with different strategies, and why he stopped renting on Airbnb and is now doing medium term rentals. http...
How Much Money She Makes With A Mid Term Rental With Shayla Twit (Ep 454)
January 30, 2024 08:00 - 24 minutes - 19.8 MBShayla bought rental properties 15 years ago. They ended up being cash flow negative, and she eventally ended up losing them. Recently Shayla decided that she wanted to get back into real estate investing, and wanted to buy a property that was going to be very profitable. On this episode, we talk about how Shayla is making a ton of cash flow off on mid term rental. We talk about what she paid for the property, how much she spent to furnish it, how much her mortgage payment and other expens...
How To Protect Your Rentals from Liability and Lawsuits With Jeff Rickerman (Ep 453)
January 23, 2024 08:00 - 20 minutes - 16.6 MBJeff shares how he protects his rental portfolio from liability and lawsuits. Some of the topics we talk about are: Why investors should consider owning in an LLC How to operate your LLC to minimize your chances of a judge invalidating it in the event of a lawsuit How to use equity stripping to protect your equity The minimum liability insurance an investor should carry on each rental Why investors should consider getting a PUP How to protect yourself from lawsuits from contractors and...
From Broke To $8K A Month In Rental Income With Josh Poitras (Ep 452)
January 16, 2024 08:00 - 20 minutes - 16.5 MBJosh shares how he went from having no money and renting a room in a basement to profiting over $8,000 a month from his rentals. On this episode, we walk step-by-step through how he built his rental portfolio. We talk about the types of properties Josh bought, and what types of neighborhoods they are in. Josh also shares where he got his down payment money from, and how he financed his rental purchases. https://rentalincomepodcast.com/episode452
He Lost $36,000 Buying Rentals - Let's Figure Out What Went Wrong With Aaron Logan (Ep 451)
January 09, 2024 08:00 - 23 minutes - 19.2 MBAaron bought a portfolio of 7 out of state properties from a turnkey company. The properties were supposed to cash flow on day one, but it didn't work out that way. Aaron faced huge repair bills, evictions, and trouble renting his properties. The repair bills were so bad, that last year he lost $36,000 on these properties. On this episode, we figure out what went wrong. Is there anything Aaron could have done differently to have a different outcome? Did he buy bad properties or is this ju...
Creating Generational Wealth With Rentals With Debbi DiMaggio (Ep 450)
January 02, 2024 08:00 - 19 minutes - 15.4 MBDebbi talks about how her father started buying rentals over 50 years ago, and how that has created generational wealth for her family. We talk about what he bought, how he financed his properties, and where he got the down payment money from. Debbi also shares how much the property has appreciated and how much rent has increased. https://rentalincomepodcast.com/episode450
Best Landlord Interviews Of 2023 (Ep 449)
December 26, 2023 08:00 - 22 minutes - 18.3 MBOn this episode we take a look back at some of Dan's favorite moments from 2023. We hear from 4 investors: * Scott talks about making $30K a month from his rentals (Episode 430) * Marky bought a duplex and later found out it wasn't legal (Episode 404) * Blake sold half of his portfolio and paid off the other half (Episode 438) * Andy made a lot of mistakes, but still ended up with a profitable property (Episode 413) Links to episodes: https://rentalincomepodcast.com/episode449
He Found Financial Independence By Buying Rentals With Farris Gosea (Ep 448)
December 19, 2023 08:00 - 21 minutes - 17.1 MBFarris shares his journey from being a brand new investor to reaching financial independence in just a few years. We talk about the kind of neighborhoods he's buying in, why he likes buying properties that are rent ready, and where he got the money from to start buying rentals. We also talk about how many rentals Farris needed to reach financial freedom, and how many rentals he thinks the average investor needs. Interested in learning more about how you can reach financial independence? Jo...
How A HELOC Helped him Buy A Lot Of Rentals With Andrew Freed (Ep 447)
December 12, 2023 08:00 - 24 minutes - 19.2 MBAndrew shares how tapping into the equity he had sitting in his primary residence helped him get started investing in rentals. Andrew also shares how house hacking to eliminate his monthly housing expenses, and becoming a part-time real estate agent, in addition to his day job, were also a huge part of earning extra money to invest. On this episode also shares a few other ways he was able to find money to invest. https://rentalincomepodcast.com/episode447
Turning Houses Into 2 Apartments With Saad Dar (Ep 446)
December 05, 2023 08:00 - 22 minutes - 17.8 MBSaad shares his strategy of buying cheap houses and transforming them into two or three-unit buildings. We talk about how he gets this approved by the city, and the challenges he's had with contractors. Saad also shares how he is doing this without physically living in the same area as his rentals. https://rentalincomepodcast.com/episode446
He Replaced His W2 Income With Rental Income With Joe Blackshere (Ep 445)
November 28, 2023 08:00 - 21 minutes - 17.5 MBJoe shares how he built up enough cash flow from his rental portfolio to retire from his job. We talk about what kinds of properties he's buying, where he got his down payment money from, and how he financed his portfolio. Joe also talks about how higher rates is affecting his investing. https://rentalincomepodcast.com/episode445
Investing In Out Of State Turnkey Rentals With Tyler Moynihan (Ep 444)
November 21, 2023 08:00 - 23 minutes - 19.1 MBTyler lives in an expensive area where the numbers didn't make sense to buy rentals. He wasn't interested in getting involved with extensive rehab projects. He wanted something that was going to be passive. He ended up investing in out of state in newly rehabbed and new construction properties. On this episode, we talk about how he picked the areas he ended up investing in, how he did his due diligence, and how the properties have worked out. Tyler also shares all the numbers for two of h...
Bonus: How To Have Your Rentals Buy You More Rentals
November 16, 2023 08:00 - 18 minutes - 14.7 MBCaeli Ridge from Ridge Lending Group shares that a lot of rental property investors get started by harvesting the equity they have in their primary residence. As they are growing their rental portfolio, a lot of them tap into the equity they have created in their rental properties On this bonus episode, Caeli shares the pros and cons of the different ways investors are harvesting equity. https://rentalincomepodcast.com/Bonus-Equity-Caeli-Ridge
He's Buying Rentals To Save Money On Taxes With Mike Mannino (Ep 443)
November 14, 2023 08:00 - 22 minutes - 18.3 MBMike owns a business that generates a lot of profit, and causes him to pay a lot of taxes. He started buying rental properties that generate a paper loss and legally brings his taxable income to $0. On this episode, Mike shares how this is working for him. We also talk about how Mike is buying rentals out of state, and look at the numbers for one of his properties. https://rentalincomepodcast.com/episode443
Turning Cheap Houses Into Nice Rentals With The BRRRR Strategy With Adam Craig (Ep 442)
November 07, 2023 08:00 - 21 minutes - 17.5 MBAdam shares how he built his rental portfolio with the BRRRR strategy. We talk about how Adam is buying cheap houses in good neighborhoods, fixing them up, and renting them out. We also talk about how he's financing his properties, and challanges he's had with contractors. Adam shares the numbers on one of his deals, including the purchase price, rehab cost, and what the property is rented for, his expenses and his cash flow. https://rentalincomepodcast.com/episode442
$10K Cash Flow & $1 Million in Equity With A Small Rental Portfolio With Matthew Crawford (Ep 441)
October 31, 2023 07:00 - 22 minutes - 17.9 MBMatthew was a guest on the podcast 3 years ago, on episode 280. At that time, Matthew had been investing in rentals for a year, and had 4 properties. On this episode, Matthew shares how he has grown his portfolio to 8 rentals that net him $10,000 a month and how he has grown his net worth by over $1 million. Matthew had a plan to pay off his mortgages on the last episode, we see if that is still his plan today. We also talk about how Matthew had to shift to buying in another area because ...
A Property Manager Stole $30K From Him! With Ryan Bolduc (Ep 440)
October 24, 2023 07:00 - 19 minutes - 15.2 MBRyan shares his experience working with what he thought was a good property manager....until he woke up one day and realized his manager ran off with the rent he collected, security deposts, and some other money. Ryan talks about what he learned from this situation, and the changes he's made to his property management to make sure something like this doesn't happen again. We also talk about why Ryan prefers to work with a property manager vs self managing his rentals. And how his property m...
His Low-Risk Approach To Buying Rentals With Mark DiPietro (Ep 439)
October 17, 2023 07:00 - 25 minutes - 20.4 MBMark went bankrupt at 40 and lost everything. He knows that real estate is a great way to build wealth, but he wants to take on a lot of risk. On this episode we talk about how he's built a diversified portfolio of commercial real estate, regular long-term rentals, and Airbnb's. We talk about how Mark is saving a ton of money in taxes by renting is commercial real estate to his own business. Mark also explains how he's using the Profit First system to manage his rental income and expenses....
He Paid Off All His Rentals With This Simple Strategy With Blake Selby (Ep 438)
October 10, 2023 07:00 - 24 minutes - 19.5 MBA few years ago Blake decided he wanted to build a big rental portfolio, and started aggressively buying rentals. Within a few years, he got to 300 doors. Once he hit his goal, he found that having so many rentals was way too stressful, and decided to sell off half of his rental portfolio. On this episode, Blake shares how he sold off half of his portfolio and used the proceeds to pay off the other half. We talk about how having a smaller paid-off portfolio is so much better and how it's p...
Case Study: Buying A Rental With A Partner In Today's Market With Dan Lane & Mike Grams (Ep 437)
October 03, 2023 07:00 - 24 minutes - 44.3 MBDan & Mike share why it made more sense for them to partner up to buy this property than to buy it individually. We talk about how they found the property, how they financed it, and how they dealt with delays in getting the property fixed up. They also share their experience of not taking a security deposit from their tenants. Instead, they had their tenants buy them an insurance policy from TheGuarantors. The policy protects their rental income from tenant non-payment and property damage. ...
How She Went From 0 To 70 Rentals With The BRRRR Strategy With Jessie Lang (Ep 436)
September 26, 2023 07:00 - 26 minutes - 21.1 MBJessie shares how she got started buy buying a house to live in, and renting rooms to help pay the mortgage. She bought a few properties this way, and a few with traditional down payments, but she didn't get serious about building her rental portfolio until January 2021, when she discovered the BRRRR strategy. Jessie is using none of her own money to buy and rehab her properties and is creating over $50,000 in equity on each deal she does. We also look at a recent deal and review all the n...
Buying Rentals For Cash Flow And Appreciation With Craig Stevens (Ep 435)
September 19, 2023 07:00 - 25 minutes - 20.4 MBCraig wanted to invest for cash flow and appreciation. Instead of finding the perfect property that had potential for both, he invested in two different areas. One area has historically seen a lot of appreciation and the other had lower priced properties that cash flowed better. On this episode we see if one type of property has worked out better, in terms of being easier to manage and which has been more profitable. Craig has been buying and managing his properties from out of state. We se...
Part 2: He Bought The Bad Airbnb From Jessie. Here's How He Turned It Around With Jon Stratton (Ep 434)
September 14, 2023 07:00 - 18 minutes - 15.1 MBWhen Jessie (from Episode433) couldn't make things work with her Airbnb, she sold it to Jon.' On this episode, we talk to Jon about how he put together a creative deal to buy the furnished, turn-key property with no money down. Jessie couldn't make money in the summer, but not the rest of the year. Jon shares what he did to turn this into a property that is generating year-round revenue. https://rentalincomepodcast.com/episode434
Part 1: She Couldn’t Make Money With AirBnB And Sold With Jessie Dillon (Ep 433)
September 12, 2023 07:00 - 24 minutes - 19.7 MBJessie's first Airbnb didn't go as well as she hoped, and she ended up having to sell the property. On the first of this two-part series, we figure out what went wrong. Jessie shares how she researched the area, furnished the property, and marketed it. As hard as Jessie worked at it, she couldn't make the property profitable and sold it. On part two of the series we talk to the investor that Jessie sold the property to and figure out how he turned things around. https://rentalincomepodcas...
Higher Cost Rentals Made Him Way More Money Than Cheaper Properties With Andrew Postell (Ep 432)
September 05, 2023 07:00 - 24 minutes - 19.4 MBWhen Andrew started investing in real estate, all he could afford to buy were really cheap properties in not-the-best neighborhoods. These properties made money, but he faced challenges with finding property managers and high expense ratios. Andrew sold those properties and started buying better properties in better neighborhoods. As those properties have appreciated, he has been selling them off and buying even better properties in even better areas. We also talk about how Andrew is able...
How He's Paying Off Rentals To Fund His Retirement With Jeff Mazur (Ep 431)
August 29, 2023 07:00 - 20 minutes - 16.7 MBJeff shares the details of his plan to fund his retirement with rental income. We talk about how he's paying off his properties, how much cash flow his properties generate today, and how much they will generate when everything is paid off. Jeff also shares how he came up with his down payments, how he's financing his properties and we look at the numbers for his entire portfolio. https://rentalincomepodcast.com/episode431
How He Makes $30K A Month With Cheap Rental Houses With Scott Williams (Ep 430)
August 22, 2023 07:00 - 26 minutes - 21.5 MBScott started buying rentals while working his W-2 job. His company had some management changes and he ended up getting laid off. At first he was stressed out, but then he realized he was going to be okay because of his rental income. On this episode we talk about how Scott has found a lot of success buying lower cost affordable housing rentals. We also talk about why lower cost properties are less risky than more expensive properties, and we look at one of his deals that didn't work out. ...
Is Following Dave Ramsey Stopping People From Building Wealth With Rentals? With Thomas DeMoss (Ep 429)
August 15, 2023 07:00 - 24 minutes - 19.3 MBThomas was a fan of Dave Ramsey and his debt-free teachings. But, he thinks following Dave's strategy when it comes to investing in rentals is causing people to miss out on building substantial wealth. Thomas doesn't believe that all debt is bad, and he thinks that it's possible to be conservative with debt, and still build wealth. On this episode, Thomas shares how he's building wealth without being over-leveraged. https://rentalincomepodcast.com/episode429
He Traded Up To A Better Rental And Increased His Cash Flow By $8,750/Month With Harley Green (Ep 428)
August 08, 2023 07:00 - 24 minutes - 19.9 MBHarley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values. Eventually, Harley wasn't getting a good return on his equity. He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow. For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/mont...
His Rentals Were Making Money, So He Just Kept Buying Them With Zeke Liston (Ep 427)
August 01, 2023 07:00 - 28 minutes - 22.5 MBZeke talks about how he built a portfolio of 50 rental doors in just 4 years. We talk about what the neighborhoods are like, if there is a bed/bath combination that rents best, the age of the properties, and how he's rehabbing the properties. Zeke also shares how he found the down payment money since he didn't have much money when he started investing. We also talk about the unique way that he's been finding properties, and how he got help managing them. https://rentalincomepodcast.com/ep...
How He Quit His Job With A Small Rental Portfolio With Nick McMurtrey (Ep 426)
July 25, 2023 07:00 - 23 minutes - 19.2 MBNick talks about how having an extra $5,000 a month has improved his life. The extra money gave him the freedom to live life on his terms. He was able to leave his 9 - 5 job and start his own business because of his rental income. We talk about how Nick has cut his living expenses by house hacking, and how having lower overhead allowed him to save money for down payments to buy more properties. Nick also shares the numbers for one of his deals, and we look at the income and expenses for his...
From Having Nothing To $10K A Month In Rental Income With Camille Spinelli (Ep 425)
July 11, 2023 07:00 - 20 minutes - 16.5 MBCamille shares her story of how she started with nothing and built a rental portfolio with over $1 million in equity that generates over $10K a month in cash flow. We talk about how she started by house hacking. House hacking allowed her to save money that she used to buy a beach condo. Camille also shares how the pandemic and some of the financial rules at the time helped her buy more rental properties. We also look at the numbers for her portfolio, including total rental income, expenses...
Bonus: How To Avoid An IRS Audit
June 22, 2023 07:00 - 16 minutes - 13.1 MBAshish from investorfriendlycpa.com talks about a simple strategy to avoid getting audited. We also talk about a strategy to legally pay no taxes on rental income, and how a little planning can save you thousands of dollars in taxes.
How To Make Money With Rentals When The Market Changes With Kristina Adams (Ep 424)
June 20, 2023 07:00 - 23 minutes - 19 MBKristina shares how she's been successful in investing in rentals by being flexible with her strategy. We also talk about how she's had to change how she's found deals as they became harder to find. Kristina shares the numbers for her portfolio, including gross rent, mortgage payment, repairs and cash flow. We also take a look at one of her deals. https://rentalincomepodcast.com/episode424
Don't Make These Mistakes Buying A Rental In Your IRA With Ray And Letitia Means (Ep 423)
June 13, 2023 07:00 - 24 minutes - 19.8 MBRay And Letitia had no idea it would be so hard to buy a property in their IRA. On this episode, they share the lessons they learned going through the process, and some major mistakes they could have made if they had not spent the time to learn the IRS rules on self-directed IRAs. We also talk about what the process was like purchasing their property, and how they dealt with a major change that almost ruined their business plan.
He Almost Quit And Sold His Rentals (He's Glad He Didn't) With Guido Nunez (Ep 422)
June 06, 2023 07:00 - 26 minutes - 21.3 MBGuido had a ton of problems in his early investing days. His basement flooded, he had evictions, and rumored drug dealers in one of his rentals. One day he got frustrated and decided to sell his property. His property went under contract, and Guido immediately regretted his decision to sell. Luckily, the contract ended up falling through, and Guido went to work turning the property around. A few years later the property appreciated and Guido was able to do a cash-out refi for $750,000. On ...
He's Buying Rentals For Freedom With Jonathan Klemm (Ep 421)
May 30, 2023 07:00 - 23 minutes - 18.5 MBJohnathan talks about how he buys rentals to generate monthly cash flow that gives him freedom to live life on his terms. Currently, he doesn't need the cash flow to pay his bills, so he reinvests all of that money back into his portfolio to continue to build his portfolio. We also talk about how Jonathan buys some properties for appreciation, and others for cash flow. He also shares the details for one of his deals including expenses and cash flow. https://rentalincomepodcast.com/episode421
How He Created A "Money Generating Machine" With Jake Roland (Ep 420)
May 23, 2023 07:00 - 20 minutes - 16.2 MBJake shares his strategy for generating money to buy rental properties. When he looks at a property, he figures out if it would be a good flip or a good rental. If he ends up flipping it, he'll set the profit aside to buy his next rental. When he buys his next rental, he now has cash flow for the rest of his life. On this episode we talk about how he decides if a property is a better flip or a rental. We also talk about how he's finding deals and how he's financing them. https://rentalinco...
How Much Money Can You Make With A "C" Class Apartment Building? With Harrison Bonner (Ep 419)
May 16, 2023 07:00 - 22 minutes - 17.9 MBHarrison shares his strategy of buying run-down apartment buildings, in areas of the city that are improving. We talk about how he is making extra money by starting retail businesses in the commercial portion of the building. Harrison details how he's been able to buy and fix up the properties using very little of his own money. We also take a look at one of his deals and look at the rental income, mortgage payment, other expenses, cash flow, and how much equity he's created by fixing up t...
How He Generates $10K A Month And Created $2 Million In Equity With BRRRR's With Andres Bernal (Ep 418)
May 09, 2023 07:00 - 22 minutes - 18.1 MBAndres figured out pretty quickly that he was not going to be able to buy very many rentals using his own money. He started creating win-win "Creative Partnerships" to raise money to buy rental properties that generate profits for him and his investors. On this episode, we talk about how he did it, and we also look at his entire portfolio and figure out how he generates about $10K a month in rental income and has created $2 million in equity. https://rentalincomepodcast.com/episode418
The Math Teacher Who Found the Ultimate Side Hustle: Making $2,000 a Month with Rentals With Nick Chaykowsky (Ep 417)
May 02, 2023 07:00 - 19 minutes - 15.4 MBNick shares how his rentals make him an extra $2K a month with very little work. Nick talks about the strategy he has been using to pay off his rentals, and how he plans to have his entire portfolio paid off in the next 7 - 8 years. We take a look at his numbers including the total rent collected every month, and his expenses (mortgage payments, taxes, insurance, repairs, and management fees.) We also talk about some of the big expenses Nick has had with his rentals, and how he survived th...