Caeli Ridge from Ridge Lending Group shares how to get approved for a mortgage on a rental property.We talk about the minimum credit score, the documents that you will need to provide, and the reserve requirements.We also talk about the timeframe to close a loan, and the 4 mistakes that Caeli has seen borrowers make.https://rentalincomepodcast.com/bonus-mortgage-approval

Bonus: How To Get Approved For Rental Mortgage in 2023

Inspiring interviews with everyday people that are generating passive income by investing in rental properties. On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.Make sure you follow the show. A new episode is released every Tuesday.

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A few years ago, Chase was listening to the Rental Income Podcast, trying to figure out how to get started investing in rentals.After hearing dozens of stories from investors who had been successful in investing in real estate, he felt ready to buy his first property.Today his rental portfolio generates over $20,000 a month in net cash flow.On this episode, Chase shares the types of properties that generate the highest return for him, how he screens his tenants, and why he prefers month-to-month leases over year leases.https://rentalincomepodcast.com/episode466Thanks to our sponsors:The GuarantorsRidge Lending Group

This Podcast Helped Him Go From $0 To Over $20K/Month In Rental Income With Chase Bauer (Ep 466)

Mike bought a rental property that looked like an incredible deal on paper, but it turned out to be a really bad investment.Mike ran into problem after problem. The maintenance costs were higher than he projected, tenants were constantly turning over, and he wasn't able to push the rents as high as he had hoped.On this episode, Mike shares everything that went wrong, and we figure out how you can avoid buying a bad property.https://rentalincomepodcast.com/episode465

He Bought A Home Run Rental Property (It Turned Out To Be A Disaster) With Mike O'Connor (Ep 465)

Morgan shares how he was able to get double the returns by buying properties two hours away.Once he saw that he didn't need to live close to his properties, he packed up and moved 1,000 miles away.On this episode, Morgan shares how he was able to build his portfolio with a low credit score, and where he got the money from to build his rental portfolio.https://rentalincomepodcast.com/episode464

How He Doubled His Cash Flow With Morgan Ehrenzeller (Ep 464)

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

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

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/episode462Thanks to our sponsors:The GuarantorsRidge Lending Group

Bonus: How To Get Approved For Rental Mortgage in 2023

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