In today’s episode of The Art of Passive Income, Mark and Scott talk to Lane Kawaoka—SimplePassiveCashflow.com.
Lane, who is currently a Project Engineer and Licensed Professional Civil/Industrial Engineer, also invests in B and C-class rental properties for Simple Passive Cashflow.
He has an extraordinary drive to beat the ordinary and feels there is no time for rest until he reaches escape velocity.
Listen in as he shares what the turning point was that led him from construction supervisor to real estate.
We also delve into:
- Why he chooses B and C-class
- His 1% rent-to-value ratio rule for single family and 1.5% for multifamily
- Breakdown of the expense ratio
Plus, how does he really feel about retirement parties?
Listen in now for all the details!
TIP OF THE WEEK
Mark: Learn more about Lane by going to his website at SimplePassiveCashflow.com.
Scott: Strategically schedule your time. Take a piece of paper and write down the time slots on the left hand side. Make sure each slot is written down in 30 minute intervals. Then write down your entire calendar onto those slots by blocking it out. On the far right side, write down all the tasks you need to do. Stick to that schedule no matter what, continuing to adjust the schedule as needed, but make sure to leave time for that deep work.
Lane: Your time is your most important resource—Go to the Filipino Craigslist to look for VAs to do the tasks that take up your time.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?