All Forum Posts by: Lane Kawaoka

Make sure you're buying in a market that has a robust, growing working class, because that will be your anchor. You're more likely to find a property that cash flows $100-$200, unless you're buying in a risky area. 

When starting to hunt for the right deals, make sure you build up a spreadsheet to help you quickly assess each property's projected expenses to see how much cash flow you estimate to make each month (i.e. rent to value ratio from the projected rent and purchase price, interest rate, property taxes, prop management fee, etc.) this way you can quickly plug in the numbers of a prospective property to see if it works on paper. 

Next month's Greensheet presentation is Wednesday 05/04/2021 at 7-8 PM Pacific Time - 

Tune in LIVE here:
1) Youtube Channel - https://www.youtube.com/channel/UCX1ZU4WejBYUwvdGbBHOWzQ
2) Hui Facebook Group - https://www.facebook.com/groups/SPCHUI/
3) Lane's LinkedIn - https://www.linkedin.com/in/lanekawaoka/
4) SimplePassiveCashflow.com FB Page - https://www.facebook.com/SimplePassiveCashFlow/
5) Replays here - https://simplepassivecashflow.com/investorletter/

Join us Online LIVE!

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.ueda
REI ALOHA Facebook group page - https://www.facebook.com/groups/SPCHUI808/
Lane's LinkedIn page - https://www.linkedin.com/in/lanekawaoka/
Dean's "all business" realtor page - https://www.facebook.com/deanuedahawaiirealtor

Can't make it live? Drop a question here - https://docs.google.com/.../1FAIpQLSebDZP1gEmxw3.../viewform

Most of my LPs invest through their personal name. That's the nice thing about being a non managing member and not having the debt in your name.

That said if someone has a high liability job and/or their net worth is 1.5-3M+ then paying 1000 dollars for a LLC might not be a bad idea if you don't think about the logistical inconvenience.

Not giving legal advice but just sharing what I see on my end.

I started with Birmingham, Atlanta, Indianapolis, but I know others look at St Louis, Huntsville, Phoenix/Tempe/Mesa, Kansas City, Memphis, Little Rock, Indianapolis, Harrisburg (PA), Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.
I started with turnkey remote rentals in 2009-2015 while working my engineering W2 job. Then went into syndications once my net worth went over 500k.

If you have any specific questions reach out 😁

If you are accredited... buying little rentals is just a pain.

[Not giving legal advice] if you net worth is under 500k all this entity stuff might be a waste of money since you are not a huge target for lawsuits because you no more much money. Just saying...

There are new TKPs born everyday. The trouble is once they become good they graduate to larger project scopes (not turnkey). 

I would just mention that its not really good LP etiquette to air dirty laundry on the internet. Most times the operator will drip a shill review for themself. 

I would urge you to build real organic relationships with LPs to get the goods. A lot of LPs go in at risk and spend a lot of time sourcing operators and its not the fact that they are scarcity minded but why give you the cheat codes right away??? 

I'm not a fan of buying a house to live in unless your net worth is 2-3x your home value.

I would look to take that money and buy more rentals. In Hawaii it makes so much more sense to rent and arbitrage the money with mainland rentals.

Ask @Gary Ahu