Rental Income Podcast With Dan Lane How He Became A Millionaire With Just 3 Rental Purchases With Jon Paddol (Ep 541)
Sep 30, 2025
Jon Paddol, a part-time real estate investor, shares his inspiring journey of building a multi-door rental portfolio and over a million dollars in equity by only purchasing three properties. He discusses his early days renting rooms to friends and emphasizes the importance of screen tenants properly. Jon highlights the advantages of investing locally for easier management and reflects on how his portfolio has provided financial flexibility for his family's future. His insights into budgeting for repairs and the potential for raising rents make for a compelling listen.
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Early House-Hacking Experiment
- Jon started as a landlord at 24 by renting rooms to friends and effectively ran a boarding-house style household.
- He describes seven people living in a three-bedroom and calls it his early version of house-hacking.
Wealth Built By Time And Location
- Jon's three properties (six doors) in a high-cost area produced over $1M in equity across 22 years.
- He credits long-term holding and local market appreciation rather than rapid acquisitions.
Buy And Hold Simplicity
- Buy property early and hold it; Jon quotes his uncle: buy the property and breathe oxygen.
- Minimal active management can still yield large long-term gains if you hold steady.
