All Forum Posts by: Lane Kawaoka

@Jack Dagnese @Chris Mignone

If you are looking for cashflow these days you might be a few years too late or 1.5% interest rate point too late. Huntsville is not going to cashflow.

RV rations will not work.

If you have any specific questions let me know.

On SFHs that cashflow is just on paper.

I had 11 of these and good systems in place but still had 1-2 evictions a year and 3-4 big things that were normal annoyances like plumbing leaks, damages from hurricanes, or some vandalism. 1 out of every 3 eviction results in 5-15k in repairs/cbad debt... that is why its just on paper.

Talking with the operator is a waste of time... its everything you want to hear. Plus its just trained sales people if they are some what institutional instead of a new operator. Focus on meeting purely passive accredited investors... that is where you will find the real scoops.

I put money into the 401k/roth options from 2007-2014. Despite what everyone says it never made much sense to me because when you invest in that vehicle you are stuck with only garbage options. Think for yourself and take the money out once you get proof of concept with alternatives. If you need any help me know.

It depends on where you are at in the journey. Most people (90-99%) of people just have bad spending habits or don't make enough income. Those people need to typically get to baseline and Dave Rambsey is a good program for that. But once your networth goes 100k-1M you need to open your mind to different ideas such as taking on good debt that meets 1.0 Debt service coverage ratio and build up your assets.

For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool/good for you... but just remember why we got into this... To be free from a JOB...Focus on being an Investor not a Landlord.

Do the math here… with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I had 11 of these and good systems in place but still had 1-2 evictions a year and 3-4 big things that were normal annoyances like plumbing leaks, damages from hurricanes, or some vandalism. Image if I had 30, just 3 x those numbers.

Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. 

If your net worth (income minus expenses) is under $200,000 or barely save $30,000, syndications are not for you. Stick with these Turnkey rentals.

LP deals where you let the professional do the hard work, take on the risk, and leverage their connections.

Next month's Greensheet presentation is Wednesday 09/07/2022 at 7-8 PM Pacific Time - A chance to ask your questions live (It is always the first Wednesday of the month)

Tune in LIVE here:

1) Youtube Channel - https://www.youtube.com/channe...

2) Hui Facebook Group - https://www.facebook.com/group...

3) Lane's LinkedIn - https://www.linkedin.com/in/la...

4) SimplePassiveCashflow.com FB Page - https://www.facebook.com/Simpl...

5) Replays here - https://simplepassivecashflow....

Local Hawaii (and mainland) real estate news and statistics.

Plus an infusion of practical real estate investing tips from Da Braddahs who own over 4,300 rental units with a combined value of over $350 million dollars.

People who join us live will also be able to ask non-recorded questions regarding anything real estate. Please come with questions. We want to help you!

Options to tune in Live:

Dean's personal Facebook page - https://www.facebook.com/dean....

REI ALOHA Facebook group page - https://www.facebook.com/group...

Lane's LinkedIn page - https://www.linkedin.com/in/la...

Dean's "all business" realtor page - https://www.facebook.com/deanu...

Can't make it live? Drop a question here - https://docs.google.com/.../1F...

Better to use your infinite banking than a heloc since a bank can pull your loan at anypoint.