Rental Income Podcast With Dan Lane

Matt McCurdy, a successful real estate investor and author of "Cornfed Millionaire," left his corporate job to pursue cash-flowing rentals. He shares how he crafted a business plan, set a goal of 20 properties, and financed his acquisitions through frugal living. Matt discusses the turning point after quitting his job, emphasizing the importance of tenant screening and cash reserves. He also reflects on the balance between paying off debt and leveraging for growth, while prioritizing quality of life and legacy for his family.

Zach Shepard, a self-taught real estate investor, began building his rental portfolio at just 21. With no prior experience and no family support, he explored creative financing to acquire over 100 properties in merely two years. He shares insights on setting aggressive goals, networking for opportunities, and utilizing the BRRRR strategy with private capital. Zach emphasizes the importance of a trustworthy team and discusses the balance between leveraging debt and maintaining reserves. His journey showcases what's achievable with determination and innovative thinking.

Derek Harris, a real estate investor in Tyler, Texas, built a robust 10-door rental portfolio over five years. He shares his innovative financing strategies, including using COVID 401(k) withdrawals and flips to kickstart his journey. Derek discusses his step-by-step approach to acquisitions and valuable lessons from extensive renovations. He breaks down cash flow management, the nuances of DSCR loans, and his strategy for buying properties. With insightful tips on finding unique deals, he sheds light on navigating the Texas rental market.

Adam Negri believes real estate is the easiest business in the world. In his view, anyone can do it. There is no get-rich-quick angle, just a simple formula: buy a few solid properties each year, stay patient, and before long you’ll own a few million dollars’ worth of real estate.On this episode, Adam walks through exactly how he built his portfolio following that approach. He explains why he focuses on straightforward residential rentals in working-class neighborhoods, why he avoids office and retail, and why he only invests within a short drive of home.Adam also shares why patience is one of the most important skills for investors, why buying too many properties at once can backfire, and why he is very cautious with leverage.https://rentalincomepodcast.com/episode549Thanks 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.

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.

Joe Hammel, a real estate investor, left his factory job to focus on rental properties and now enjoys a profit of $10,000 a month. He shares insights into building a portfolio of 24 properties, primarily single-family homes, emphasizing total returns rather than just cash flow. Joe discusses the types of properties yielding the best investments, his strategies for self-management, and how he finances growth. Plus, he reveals details of a recent purchase that demonstrates his effective approach to real estate.

In this engaging discussion, Michael Atkins, an experienced landlord and realtor from Montgomery, Alabama, shares his journey of building a 50-door rental portfolio. He reveals how rental income replaced his inconsistent commission earnings, providing financial stability and confidence in his real estate career. Michael details his strategies for saving commissions to invest in new properties and explains how his experience with rentals has made him a more effective realtor. He also highlights the importance of curb appeal and smart budgeting in maximizing rental performance.

Many investors focus on cash flow, but they’re often looking at it the wrong way. In this episode, William Lokar shares a common mistake he sees investors make when analyzing cash flow and explains how to look at your numbers more accurately. He also talks about how understanding the difference between return on investment and return on equity can completely change how you manage and grow your portfolio.William explains how he started as a real estate investor and how he’s built his portfolio over time.He shares what it’s really like to buy a property with tenants already in place, and what he’s learned from managing both long-term rentals and short-term Airbnbs. He also tells the story of a creative way he found one of his best deals, and how thinking outside the box helped him grow faster.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.

Will Radosvich, a seasoned real estate investor, shares his journey from burnout to early retirement through rental properties. He emphasizes a slow-and-steady approach, starting with house hacking and gradually buying distressed properties. Will discusses the importance of steady cash flow, how tenant payments covered his mortgages, and the role of market appreciation in boosting his net worth. He also covers managing operational challenges and offers advice for new investors looking to achieve financial independence.

When Scott Morse’s Airbnb bookings started to slow down, his cash flow became unpredictable. He needed a more consistent way to generate income from his properties. That’s when he discovered the power of renting by the room.In this episode, Scott shares how he converted his former Airbnbs into co-living rentals and why his cash flow is now more consistent, and even higher than before. He explains how he finds tenants, how he manages his rentals with very little vacancy and how easy the turnovers are between tenants.Scott also walks us through the changes he made to his houses to make them work for co-living and compares his Airbnb revenue to what he’s earning today.Scott also shares how he's finding deals today.https://rentalincomepodcast.com/episode543Thanks 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.