All Forum Posts by: Lane Kawaoka

Good plan to start out but as you become accredited you will realize that its not scalable and you will drift to syndications... likely after house 4-5 or when your net worth goes over 500k.

If you are really worried about this just be a LP in a syndication.

I think that is a question for CPA but I have been able to zero things out with massive losses from suspended passive losses. Feel free to reach out.

If its a primary residence you don't need to do 1031. You are exempt for 250-500k of profits.

I used to live in Seattle (now Hawaii) and started with turnkey remote rentals in 2009-2015 then went into syndications once my net worth went over 500k. So I think it depends on your net worth but if you want cashflow which is prudent I would go out of state.

When I first started investing I did with turnkey rentals for cashflow. That is a great way to get started but once you get more experienced value add is better.

The key is leaking money out of your IRA (QRPs) slowly so your AGI stays under 340k married filed jointly.

You could do it faster to of course yield better returns outside the wall street garbage but you will pay slightly higher taxes as your AGI goes up.

If you have specific questions feel free to reach out.

15-30k a month of passive cashflow or 4-5M of net worth.

Not a lawyer here but I would just do personally since that is the beauty of a LP position with little to no liability.

I would not think about doing any LLCs or holding companies until your net worth is 1-2M plus.

The first thing I would ask is how much assets under ownership they have. Anything under 250k-500k is still pretty newbie.