In today’s episode of The Art of Passive Income, Mark and Scott talk with Lane Kawaoka—SimplePassiveCashFlow.com.
You may remember Lane from a previous podcast. He started his real estate investing career in 2009 cash flowing single-family home rentals while maintaining his day job as a Project Engineer and Licensed Professional Civil/Industrial Engineer.
Still working his day job, he’s back to talk about his move to the multifamily realm.
Because of the differences between single-family homes and multifamily, Lane admits there was a bit of a learning curve in the beginning but has built up his portfolio to about 434 units, in 3-4 deals! His strategy is to go after B and C class properties, add value to them, then increasing rent which in turn increases revenue.
Listen in as we dive deep into the details of multifamily investing and why he made the move. Plus, we go over the numbers and delve into:
- Differences between non-recourse and recourse loans
- Differences between classes and why he chooses B & C class
- Advice on getting started
- What he doesn’t see changing in real estate investing
Also, find out why Lane thinks that multifamily is an unfair game and so much more!
TIP OF THE WEEK
Mark: Learn more about Lane Kawaoka and about the very exciting, sophisticated, cool, high return world of multifamily investing at SimplePassiveCashFlow.com and don’t forget to check out his podcast!
Scott: Check out the iPhone app called Boomerang for Instagram. It takes a burst of photos then turns it into a video.
Lane: Don’t be an “askhole.” Don’t be that person who just asks questions. Find people who are in the position to help you and give value off of that.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?