'Anyone can do this': Real-estate investor Dan Lane shares the low-risk strategy he's used to build up a portfolio of 6 rental properties — and why just getting starting in real estate makes scaling up much easier
," which he says has grown an audience of over 100,000 monthly listeners in eight years.
That's not as many as some of the guests he interviews, but Lane says it's a pace that's worked for him and has allowed him to keep his leverage low. That's a lot of cash he had saved up! Two things: 1) Makes me wonder whether in fact"anyone" can do it... might he be overselling how plausible this is? 2) We need to know how he was able to come up with those two sizeable down payments.
After paying it back — during which time Lane's home had seen even further appreciation — he took out a new line of credit from it to buy his sixth property. "I feel like anyone can do this," he said."That first one is really the hardest, but once you get one the second one is so much easier."
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