Dan Lane, the host of the “Rental Income Podcast,” is making waves in the real estate world. With over 100,000 monthly listeners tuning in to his show, Lane is a rockstar figure in the industry. Not only is he a seasoned real estate investor, but he’s also an expert at sharing his wealth of knowledge with others.
Lane’s approach to building a real estate portfolio is both simple and effective. He started by renting out his own home when he and his wife decided to move, which led him to the realization that real estate investing was his true calling. From there, he made his first purchase with a 20% down payment using his savings. Since then, Lane has continued to add to his portfolio, relying on the power of appreciation and equity to fund his purchases. By using his cash flow to pay back his loans and focusing on the principal before making additional purchases, Lane has been able to keep his leverage low and his risk minimal.
How to Amplify Your Real Estate Investments With Simple Tricks – The “1% Rule”
According to property tax documents viewed by Insider, Lane has acquired six properties since 2015. While this may not be as many as some of his guests on the show, it’s a pace that works for him and has allowed him to maintain financial stability while building his portfolio.
Lane’s method of using cash savings for down payments and relying on appreciation and equity to fund further purchases has proven to be a low-risk strategy. By focusing on paying back the principal of his loans before making additional purchases, Lane has been able to minimize his debt while maximizing his returns.
One key factor in Lane’s success has been his focus on the “1% rule” in real estate. By looking for properties that generate monthly rent equaling at least 1% of the total purchase price of the property, he ensures that the property will cover its mortgage payment and deliver positive cash flow.
Surviving the Real Estate Market and Make Money in the Jorney
Despite the current market conditions, Lane remains optimistic about the future of real estate investing. While national home prices have been declining, Lane knows that historically, home values have risen over the long term. He also acknowledges that price appreciation may be more difficult to come by in today’s market, but building equity through renting out a property is still a viable strategy.
For this expert in the field, real estate investing is more than just a financial strategy: it’s a passion. He loves the thrill of acquiring new properties and doesn’t have a set end goal in mind. He’s motivated by the challenge of finding new opportunities and building his portfolio over time.
“I just love buying rentals. To me, the whole thing is very fun,” Lane said. “I don’t think there’s an end. If I set a number — If I said I wanted to get to 20 houses, I think once I got there I’d probably want to get to 25.”