Rental Income Podcast With Dan Lane - Don't Let Fear Stop You From Buying Rentals With Tony Cook (Ep 462)

Don't Let Fear Stop You From Buying Rentals With Tony Cook (Ep 462)

03/26/24 • 22 min

Tony 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 hard money and blanket mortgages to finance his portfolio.
https://rentalincomepodcast.com/episode462
Thanks to our sponsors:
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Ridge Lending Group

Previous Episode

How He Protects His Rental Income From A Market Downturn With Peter Stewart (Ep 461)

Peter 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 recent purchases.
How he's financing his purchases.
The areas he's been buying in.
https://rentalincomepodcast.com/episode461

Next Episode

Tearing Down An Old House And Building An Apartment Building With Mitch Roschelle (Ep 463)

Mitch 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