Rental Income Podcast With Dan Lane The Numbers Behind His First Rental With Preston Garcia (Ep 548)
Nov 18, 2025
21:54
Preston Garcia spent two full years studying, researching, and preparing before he ever bought his first rental property.
On this episode, Preston opens up about how that first deal has actually worked out. We dig into how he found the property, the creative seller financing he worked out, how much cash he had to bring to the table, and how he raised additional capital by bringing in a partner.
Preston also shares the realities of managing a Section 8 rental. It hasn’t been easy, he’s struggled to collect the tenant’s portion of the rent, dealt with unexpected maintenance issues including a roach problem.
We also talk about what Preston plans to do differently on his next rental and his best advice for new investors getting ready to buy their first property.
Thanks To Our Sponsors:
Ridge Lending Group - Making investment Mortgage process simple and stress-free.
MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)
Rental Accounting Software Made Easy. Free 30 Day Trial.
On this episode, Preston opens up about how that first deal has actually worked out. We dig into how he found the property, the creative seller financing he worked out, how much cash he had to bring to the table, and how he raised additional capital by bringing in a partner.
Preston also shares the realities of managing a Section 8 rental. It hasn’t been easy, he’s struggled to collect the tenant’s portion of the rent, dealt with unexpected maintenance issues including a roach problem.
We also talk about what Preston plans to do differently on his next rental and his best advice for new investors getting ready to buy their first property.
Thanks To Our Sponsors:
Ridge Lending Group - Making investment Mortgage process simple and stress-free.
MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)
Rental Accounting Software Made Easy. Free 30 Day Trial.