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Passive Real Estate Investing via Simple Passive Cashflow

Doctors, Lawyers, Engineers, and other (busy) affluent working professionals striving for financial freedom via real estate investing.Single family home flips - that's a job!Join me in my journey as I build my own portfolio with large syndications in multi-family apartments, mobile home parks, self storage, assisted-living, and buy-hold turn-key rental real estate.We build passive streams of cashflow with each rental so we can have the freedom to quit our jobs to do what we truly want.It's not easy, but it's simple... SimplePassiveCashflow.com See acast.com/privacy for privacy and opt-out information.

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SPC091 - 2017 Recap - Hui Deal Pipeline Club acquires $50M of real estate and raises $3.5M for syndications

Correction: Hui Deal Pipeline Club acquires $50M of real estate and raises $3.5M for syndications2017 RecapAn amazing year which started on January 1 2017 me waking up in Atlanta after seeing my Washington Huskies getting destroyed by Alabama in the Peach Bowl and traveling to Birmingham to look at some turnkey rentals.A year of changes & 2018 Preview1) Just wanted to let you know that I have officially moved to Hawaii!2) https://www.youtube.com/watch?v=_upavLy3SEILet me know if you visit Honolulu! Let me pick you up from Honolulu Airport and have a consult for some tax savings.3) The first change this year was that old website that looked like "Flubber blew up” is gone and replaced with a decent website. I was also looking back at some old email newsletter that I sent out with some funny Gifs which I will post on the email newsletter and website.Here is video walkthrough of the new one: https://share.viewedit.com/iPBEYsNWW9uuvsZWJewFb34) I have been making additions to the YouTube Channel not found on the website so please Subscribe and Share: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ5) Personally I got up to 825 units… most of which in the second half of 2017 after a very quiet 2015-2016.6) I am migrating to a new database that will support over 900 investors in the Hui Deal Pipeline Club. Please fill out the following form so I can keep you up to date on the latest deals I come across... The new database is pretty slick so based on your answers.a. Acquired $35M Total real estate, 589 units acquired, 2M raised for syndications (Coffee, apartments, RV parks, Private money lending)7) With the success of our last four syndications and raising the following for the Hui Deal Pipeline club (https://simplepassivecashflow.activehosted.com/f/3) I will continue to expand the opportunities by continuing my membership in an Apartment mentoring group as well as a Syndication Mastermind to get access to higher quality deals. I spent $60,000 in 2016 and $30,000 in 2017 on expanding my network and knowledge and will continue to do this to produce the best deals and content. Going to goals seminar in January and will be thinking of where to take this. – Initiative not to “train my investors down” and improve my due-dilligence. Help me help us!Projects to come in 2018:• More Deals – I bought this drone!• Individual Coaching with discounts for need-based financial assistance• Group Coaching (www.simplepassivecashflow.com/coaching)• Webinars• Mastermind roll out for investors investing $50K or more in any of our deals (www.simplepassivecashflow.com/mastermind)Action Items:1) Let me know if you are interested in coaching, group coaching, or the Mastermind2) Let me know what are you working on these days? What has got you blocked? I might have a contact or input that may help! Lane@simplepassivecashflow.com3) Can you help me spread the word of the podcast? Can you make an email intro to me of anyone you think would like additional exposure on the SimplePassiveCashflow Podcast?My goal is to help others escape the rat race. Please share it with your friends and family because after all, once you have left the day job you won't have anyone to have a lunch date with during the 'regular' work week.We have all heard that you are the average of the 5 people you hang out with most but I would argue that the 5 people you keep in company, can be the end of you. Choose your supporting cast wisely and consciously. Be aware of unconscious mentors, ie podcasts, tv, radio, books you read. I'm all about automation and spending my time of things that are more important.So you can just copy and paste the below:Hey Man, I just checked out this blog with podcast where they actually show how to buy passive real estate investments to build streams of income to leave the day job.. They have this free 10 course "Think Outside the Cubicle" series with access to spreadsheets, mindset tips, networking offers, and deal-flow access.. Here is the sign-up for just the website updates: https://simplepassivecashflow.activehosted.com/f/1Podcast links:Google Android Phones: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_PodcastApple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2YouTube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQAnd if you want to cherry pick for specific investing topics here is the spreadsheet with a summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1FJ8rBA-SxQ50KJpQP1lppHC9UNLGLS2mIQS899X8__AWith the year closing I urge you to take a time out and ponder the following.Don’t just read the questions… set the timer for 10 minutes and just think. In an ideal world, what would your upcoming year look like? What do you wish for in the new year? What dreams would you like to come true? What goals would you like to pursue and achieve? What new knowledge would you gain? What new skills would you acquire? How much money would you make? How much money would you save? How much would you weigh? How many miles would you be able to run? How fit would your muscles be? What new, powerful relationships would you like to forge? What exotic places would you travel to? What new job would you have? What promotion would you receive? What fun things would you do? How much time would you spend with your family? What would your ideal, perfect day look like in the new year?Sign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files)https://simplepassivecashflow.activehosted.com/f/3Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks.Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/3Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.2) Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google Play.Google Android Phones: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Iizwgws56nif7jllsr5zqk74gh4?t%3DSimple_Passive_Cashflow_Podcast%26pcampaignid%3DMKT-na-all-co-pr-...Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQStitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcast4) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund5) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.6) Please leave a review for the podcast!itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching8) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing See acast.com/privacy for privacy and opt-out information.

18mins

31 Dec 2017

Rank #1

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Infinite Banking with Whole Life Insurance for 2020 with Chris Miles

Summary: We discuss infinite banking. To get the full guide go to SimplePassiveCashflow.com/banking Youtube link: https://youtu.be/tOtBf_TRyIk?sub_confirmation=1Website link: SimplePassiveCashflow.com/bankingTranscription: Start learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_______Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackPassive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecoursePassive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit See acast.com/privacy for privacy and opt-out information.

1hr 13mins

18 Dec 2019

Rank #2

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Live Coaching call (Non-Accredited $300k net-worth)

Summary: It is so difficult to determine wether to invest in syndications or turnkey rentals as a professional who's net-worth is 200-500k. Every situation is different... lets take a look at this unique case. Youtube link:  https://youtu.be/wkD7ta5fNIcWebsite link: SimplePassiveCashflow.com/173liveStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_______Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit See acast.com/privacy for privacy and opt-out information.

1hr

30 Oct 2019

Rank #3

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SPC090 - Fundamentals - Scaling up through raising money with Victor Menasce

2010 - Moved from Tech jobQuickly scaled up his business and ran out of moneyInfill = urban settinggreenfield = land upStarted with JVs by small residential projects and expanded to apartmentsIt's not about the deal... It's about the teamSomeone told him to focus on raising moneyFundraise or Deal OperatorMFH is resilient to cycles but most of the larger projects have too many offers on one property... You don't want to being the winning offerUse interest rate reserve as another line item in the budgetDemand for class A is not there for what is builtFind where the line is in a city and move the lineDon't as about a general city, ask about a few block radiusStudent housing - look at the local market for over built from university (look at bedroom alignments)Unclear about military housing near bases which is like having one employerTax abatements offered on government stimulus for possibly 10 yearsNon resident owner might not be eligible for FEMA assistanceSFH property has all your cash in the deal2008 wsa a banking crisis not a real estate crisisDoes not have paper assets because his old CEO lied to the public and realized that the small investor has no controlSign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files)https://simplepassivecashflow.activehosted.com/f/3Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks.Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/3Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.2) Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google Play.Google Android Phones: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Iizwgws56nif7jllsr5zqk74gh4?t%3DSimple_Passive_Cashflow_Podcast%26pcampaignid%3DMKT-na-all-co-pr-...Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQStitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcast4) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund5) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.6) Please leave a review for the podcast!itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching8) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing See acast.com/privacy for privacy and opt-out information.

44mins

27 Dec 2017

Rank #4

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When is it time to Retire? Accredited Investor Live Coaching Call

Summary: Live coaching call of an Accredited investor. Discussing when to retire and how to transition to cashflowing assets such as multifamily apartments or syndications. Youtube link: https://youtu.be/wjTWFMp0-pY?sub_confirmation=1Website link: https://simplepassivecashflow.com/when-is-it-time-to-retire-accredited-investor-live-coaching-call/Start learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_______Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackPassive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecoursePassive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit See acast.com/privacy for privacy and opt-out information.

32mins

6 Jan 2020

Rank #5

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$1,700 passive a month w/ 7 rentals w/ Realliferentals.com

Summary: Kyle from www.realliferentals.com talks about his real life numbers on his rentals Youtube link:  https://youtu.be/nvh-vhqr-IsWebsite link: https://simplepassivecashflow.com/170kyle/Start learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_______Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit See acast.com/privacy for privacy and opt-out information.

1hr

9 Oct 2019

Rank #6

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SPC052 - Caeli Ridge - Financing Single Family Homes with Govt Subsided Fannie Mae/Freddie Mac Loans

Fannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden ticketsSome Credit Unions have portfolio loans but its all going back to the GovernmentAs of 4/2017 - 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book1) Credit Score - 720 or greater in spots 7-10 2) Assets - Liquid and Non-Liquid for downpayment (must be sourced and seasoned 2-months liquid) and cash reserves needs 1-6 liquid or non liquid for subject property needs to show 6 months PITI plus 2 months for each other property in additiona. For property 7-10 you need 6 months PITI for all properties3) Dept to Income (DTI) - 50% We get to use 75% of the supposed rents as income in DTI LOE - Letter of ExplainationPrice adjustments30 day rate lockTiming the appaisalPortfolio loansDelayed Financing#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5YJoin a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQoSummary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts See acast.com/privacy for privacy and opt-out information.

1hr

18 Apr 2017

Rank #7

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SPC111 - Interview - Brent Kawakami - Saying NO to a measly $300 a month & Networking on Facebook

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!_Here are the Show Notes_1) How much CF are you making today and how are you doing it? Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month. So as I started investigating other investment activities I dabbled in:P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset. Dividend stocks - Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.Gold/silver - I got caught up by the Gold bug rhetoric of “the dollar not backed by anything" “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit. Infinite banking (which i’m all in on still) - You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment. Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places. (So now you are in the stage where you are doing all the hard work before the success... lets go through this list of things that you are doing... this add value to the listener and maybe we can have a discussion about best practices - Just think in the future when a future investor listens to all the shit you did to get into this)1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)2) Regularly Contacting brokers/Signing up for lists 3) Evaluating deals4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker's office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).5) Making regular LoopNet rounds6) Going on property tours7) Networking on BiggerPockets/LinkedIn/Facebook, etc8) Going to Meetups, events, and conferences9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment). My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He's an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol. 2) What is your Han Solo moment…I had two.1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)2- Shift from single family to multifamily. My a-ha moment mentioned before. 3) Worst life/business moment what did you do a er? Lesson learned?I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later. Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others. 4) Current 2‐week experiment and 6‐month project? (90‐180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing. 5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed rou ne, and what projects you are working on.6) Something that you have recently or thought about “burning your cash” on for me savings or an improvement in quality of life.Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.There’s a good book on this topic called Happy Money I recommend. 7) Something that you changed your mind on? Our ego o en gets in the way of greatness.2 Things:1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons...yada yada yada. I’m not full Grant Cardone though. 8) In this sellers market... what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets. Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.brent@hellomultifamily.com See acast.com/privacy for privacy and opt-out information.

41mins

23 Apr 2018

Rank #8

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Cap Rates in Real Estate Explained

Unsophisticated investors buy off cap rates. I don't really look at cap rates when I am purchasing because it is usually manipulated. If the seller or broker leaves out an expense or over counts revenue it greatly distorts the cap. Therefore it is a bad data point. I normally look at the Profit and Loss statement cause that is where you can drill in line by line. https://youtu.be/MnTzXB8hnbo See acast.com/privacy for privacy and opt-out information.

36mins

16 Oct 2019

Rank #9

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SPC080 - Moving from Single Family to Multifamily Investing

Hey guys I’m about to get naked here… I am personally making a shift in my portfolio to MFH syndications and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)I have selected a few potential turnkey rental sellers, however, I wanted to leverage my network and see if we can cut the broker commissions out of it. I’ll give you details on how you can get the P&L for the past few years on every property but first...A few PSAs.National Save for Retirement Week: October 15 – 21, 2017Scam emails to get information from more and more wholesalersInsurance want 5% deductibleMy story - bought a couple of rentals in Seattle and 1031 exchange those to 10 SFH essentially turnkey rentals out of state in Atlanta, Birmingham, Indianapolis.The other day I asked the question on BP… did not get much of a response since BP is a platform for newbies or active investors who flip or wholesale homes. SPC is a platform with secret Facebook groups of profession W2 employees with some cash and little time on their hands.https://www.biggerpockets.com/forums/223/topics/481347-crossover-point-for-turnkey-rentals-vs-syndication-as-a-passiveAs I talked a few podcasts ago of a 10k repair, and multiple other headaches, my attitude for these SFHs are changing. Its kind of funny talking to the many of you that are setting up calls to get on the Hui Deal Pipeline Club to getting sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/3Please go through the first 20 podcasts in early 2016 and love the story of this SFH buyer but then they are like WTF you are turning on us like a villain going to MFH."Find me an investor who has 50 SFHs and I will show you an investor who was invested under a rock and stoned himself to death with said rock" -ArchimedesAfter over a few hundred investor consultants over the past couple years here is what I tell W2 employees. 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... but just remember why we got into this... To be free from a JOB. 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. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard working efforts of the middle class.The straw that broke the camels back...One of my Atlanta properties went over a changeover, tenant went MIA, went through process to evict - always start the time clock. Armed sheriff had to go and remove items on the street, dead cats were found, $5000 just to remove items, concern over the property could have been condemned. I got Proserve out of Atlanta to go in with radiation suits to clean it up, got a bill for $27K, wtf, some of the scope items were a little ridiculous like 500 dollars for gutters, 5000 for paint, and siding etc. I had them re-estimate it to give me the "dude I'm not a rich idiot price and got it lowered to 20K.There is no such thing as turnkey. Check out these disaster photos… https://photos.app.goo.gl/R4PZLuOLGHONO5Rl2Tony Robbins says “Things don't happen to you but for you.”This was a sign from above which many of you guys hear from me that I sort of believe in. I was already mentally making the shift to making the move. Going down the quote from the repair company it was clear that a lot of the scope items were a bit excessive and the pricing was inflated. This was to be expected, for example paint on rooms that did not really need painting for $5000 or new gutters cleaning for $500.If you want to see this document. Please leave me an iTunes review or send me an email referral to a friend and i'll send it over. Lane@SimplePassiveCashflow.comStages of trauma… denial, anger, sadness, motivation.What I know now I am able to now only make a high yield but a fraction of the effort. None of this screwing around sending docs to my lender in the evenings for a couple months to get one dinky SFH to cash flow a couple hundred dollars a month then do it all over again 20-50 times… then to have it all taken away with a large capex or turnover repair.Tony Robbins says “You destiny is shaped in your decisions.”We waste so much time making decisions. A lot of people myself included get shiny object syndrome when really its an excuse.This was my hero moment or burning of the boats moment to leave the security of a few thousand of passive cashflow a month to go liquid for a while. Hopefully Amazon will announce that Atlanta will be the new second HQ on their quest for world domination.One drawback about selling is about repaying a lot of depreciation recapture and capital gains going back all the way from 2009. As you remember I traded my two Seattle properties for the majority of these rentals via a 1031 exchange. This is why I am not a fan of a 1031 exchange no matter what you hear on a surface level on other podcasts. Another reason to keep listening and please do me a favor and share it with friends because we go deep on this stuff because I’m learning everyday. I’ll repeat I don’t like 1031 exchanges because many of us are going to graduate in large syndications and that is not a like kind exchange. Executing a 1031 most likely means you are going into a lukewarm deal and lose all your negotiation power as a buyer. But i'll expand on this at a later date.Picture of my back of envelope tax hitI want to be very clear… If you are not an accredited investor, sophisticated, or have a large sum of liquify... single family homes is the starting point for you. Too many call me with lofty goals and have list of pro’s/con’s of MFH vs SFH, but you need to know the basics before you screw up the big stuff. You have to pay your dues. Set that barrier to entry lower because most people won’t do anything.That said for a limited time I invite you listeners to make offers on my portfolio of SFHs “Lane’s Pac-10”. List price is 1.2M right about 1% Rent-to-Value Ratio (More info -http://simplepassivecashflow.com/podcast-3-rent-to-value-ratio/). Will need you to make sure you sign up for my Hui Deal Pipeline Club:https://simplepassivecashflow.activehosted.com/f/3I figure it was only fair if I showed you my naked photos… I mean P&Ls that you take a few minutes to complete a form with your investor profile on.And if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late payments, repairs, cap ex across all my properties please leave me an iTunes review or send me an email referral to a friend and i'll send it over.Lane@SimplePassiveCashflow.comMastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.Check out my Free Resources Below:1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund 2) Join a Social Club:Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club 3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube 4) Once you have gone through the majority of podcasts feel free to sign up for a chat:20 Minute Chat with Lane 5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across. 6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email Lane@simplepassivecashflow.com if you want to try them out.More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k 7) Please leave a review for the podcast! 8) Coaching Program to get you to your first rental in 90 days! 9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course: 10) Summary of every Simple Passive Cashflow Podcast See acast.com/privacy for privacy and opt-out information.

27mins

27 Oct 2017

Rank #10

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December 2019 Market Update "GreenSheet #8"

Summary: Latest news headlines and commentary Youtube link: https://youtu.be/-pC0IK4Yp3E?sub_confirmation=1Website link: SimplePassiveCashflow.com/investorletterStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_______Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics.Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackPassive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecoursePassive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quitUnknown Speaker 0:00Are you busy professional overwhelmed and misled by the stock market dogma saving and work into your 70 I like to help you out and get to know you a little bit better with a quick 15 minute strategy call. Hurry as I'm only opening my schedule for a limited time as I take it easy the rest of the holiday season and get going for a busy New Year. But good call by going to simple passiveUnknown Speaker 0:20cash flow calm slash talk.Unknown Speaker 0:22Hey guys, I'm traveling at the moment going down to the collective genius mastermind at San Diego then off the Huntsman Dallas. I'm really enjoying the real life of a professional investor without that day job. This week, you're going to be listening to my monthly market update webinar, which you can join us live by joining our email list or check out the YouTube video online. And while you're there, subscribe to our YouTube channel which we're giving away free course subscription for YouTube subscribers. Also, if you want to check out the video form of this webinar, go to simple passive cash flow comm slash investing letter aloha Maybe we'll try to rent them out. And then he became one real investor maybe you guys haven't subscribed to the podcast simple passive cash flow comm check it out. And also check out the YouTube channel. I've been getting a lot better adding more videos there to you guys want a free version of my ebook, text ebook 25873176099 and join our Facebook community if you have not already. So our first article here is Apple committing 2.5 billion toward California housing crisis. So they're saying that they will commit $2.5 billion towards efforts of solving the obvious affordable housing issue in Northern California. I used to work for a city and these are Always there's always a negotiation to give permits. That's the leverage a municipality has over big companies like this. And you know, these big companies, they would like to build infrastructure like sidewalks, curbs, and not have to do ridiculous the tension tanks under new construction and different stormwater. Anyway. The municipality has leverage over them. So this is a way that that the business of how it can kind of negotiate things for the community. And it seems like it's a Oh, it's a wonderful thing that Apple has done, but no, they probably it's a deal deal between them and the municipality just like how Google did this. And Microsoft had first hand view on what Microsoft did in their city. And this is this kind of shows failures for markets and public policy to meet the housing needs. I wouldn't want I live in Northern California, unless I had a huge tech salary. Yep, that's a, it's in the chat window cronyism. That's what you're talking about. Next article here 3019 rent growth chart here from mid November. This one they released pretty often multifamily rent growth is back and in the black, increasing $1 to an average of 1400 bucks about per month. The takeaway is that the rent growth are still happening. Class B and C investors are circling secondary, tertiary markets. And this is no secret to a lot of us simple passive capital investors targeting non primary markets for the cash flow and not having to compete with dumb money, to say the least. So there and I'm co here. It's fueled by Strong employment and a growing group of renters by choice, investor exuberance for multifamily properties is spilling over into older properties as well as secondary and tertiary markets buyer older properties and renovating them, meanwhile, can offer better returns. I think we all know this. But you know, not everybody in the world thinks like this. there on the bottom, we had a chart that I took from the last apartment.Unknown Speaker 4:30You know, those are the typical class BNC rents that you're going to see in a lot of the secondary and tertiary markets, anywhere from 550 a month, up to $800 a month. Definitely a culture shock to a lot of us that live in poverty markets where you're used to seeing houses cost 300 $400,000 or more, and paying $2,000 a month rent for a little studio. For those of you who want to kind of come back to this presentation you guys can do this later, but this is the third quarter 2019, United States multifamily capital markets, they do a good job of just running down the high level of what's kind of happening across the nation. And it's interesting to track this, each quarter that each quarter no surprise yields are compressed nine basis points, which isn't very much year over year. And that's consistent with what I'm feeling, but it's nothing like I think a lot of people are like, Oh, no, the sky is falling, and will never be able to get yield. There's yield there. The gap is closing very slow, slowly, but it's still there. But you're not buying the average. You know, they come up with this number where they average probably million deals out there. You're trying to find that one needle in the haystack and, you know, if you're patient, you'll find it rent growth. You know, just like the last publication I just mentioned, they're saying that the rent growth increased 3.2% nationally. Which is up 60 basis points over last year article about those impacting those doing Airbnb and short term rentals. Jersey City joins the push the block Airbnb, where what they're doing is they're going to borrow renters from listing the apartments on the site as well as owners who don't live on site. And this is another reason why I don't like short term rentals at all. I prefer blue collar workforce housing, long term rentals, just boring stuff. article titles multifamily rents rise as a vacancy, Titans, effective rents for institutional properties and what they mean by institutional properties are like these are the big ones typically the a class because it's easier for them to get data on this. They're saying rents grew 3.3% which is, you know, mimics kind of what we very close to what the last news source mentioned. Up 1.6% over the previous quarter. So that's almost half of the annual growth in the last quarter, which makes sense because right growth is pretty cyclical. When you get into these cold or slow months, you don't have as much demand on people moving. So that makes total sense from a logical standpoint. vacancy rates declined by 20 basis points to 5.8%, even as the apartment stock continues to expand, so they're building new units by 2% a year. More than 4400 buildings providing almost 800,000 units are currently under construction. But remember, this is Big Data comprised of the whole United States, which is insightful yet not really useful, because when you're an investor, you're trying to key in not only in a certain market but a sub market. You know, is it going To be West Irving as opposed to just the Irving Texas for example or the DFW market. I took a couple pictures here of you know, everybody loves these like the top 10 happiest city, which they said it was Miami, Florida, Oakland Austin send it to San Jose, Philadelphia, la Boston, Honolulu, Portland, San Diego. And America's top 10 dynamic cities which is San Francisco, Seattle, Denver, Aurora, Grand Prairie, Oklahoma, Fort Worth, San Jose, Atlanta, Georgia, Miami, Florida, where they get this data. I don't have a clue. Me I don't really need much into it. But people like these type of news articles and so that's why I put it in here.Unknown Speaker 8:51Other than the 27 weeks of curated content for the passive investor, the new mastermind will offer bi weekly power calls with the following format. first week of every month we will dial in on being a direct investor for simple passive cash flow 1.0 I call it which is getting your first rental negotiating sourcing operation etc. second week of every month we will discuss holistic wealth building topics or what I call simple passive cash flow two point O plus, which is holistic Wealth Management syndications private placements, tax legal lifestyle design etc. Get a sense of this forum by checking out the guide to taxes video at simple passive cash flow calm backslash tax, I'll be honest, some things I can't see the general public because it's too personal. And it's not to say bad things about others. Unless you're in the mastermind. One rule we have is what happens in the mastermind stays in the mastermind. To get in go to simple passive cash flow.com backslash journey.Unknown Speaker 9:51Don't be left out and join the day. If you'veUnknown Speaker 9:54been waiting on the sidelines. This is your moment and not to be taken by an institutionalized educationUnknown Speaker 9:59program.Unknown Speaker 10:01update on the whole China trade deal as of November 11 2019. Now the home loan started higher. But we were kind of save middle of the month when the reports came out suggesting that a delay of a phase one trade deal was about to be signed. So it was a disruption to relay to the trade citing was the reason for the rates to improve off the worst levels mid week. There was worried that both the United States and China would roll back terrorists as a deal with push through. And this push stocks to all time highs as the expensive the bonds and the home loan rates low and on the same level. They were back on July 31. When the Fed cut their rates for the first time in 10 years. co working spaces a little bit if you haven't been watching the news and heard about headlines About the company we work. But essentially, if you read between the lines and here's my summary of the whole thing, we work along with many other tech companies, their venture capital, and they have a lot of money backing them, which can power a lot of marketing and make a company look good. But like in any business, if you don't have organic marketing, to create new customers for you, your business will likely fail. It just matter depends on how much artificial capital you can burn up to keep this thing going. And just like any business, you have to kind of feed the beast until you kind of take off and go on your own. But we work they kind of got to a point where they realize that they weren't making money doing this and then they had a another infusion of cash. Here of sort of the percentage of CO working spaces on a graph. I'm still less than 4% even in Manhattan, and where the mark the vacancy rates are. For those real estate usage, the trend line is showing the higher amount of vacancy. The lower amount of percent coworking. So New York, Manhattan, Brooklyn, they have a low vacancy rate, which means a high demand. And that's why they have more percent of CO working space. But most of these, these cities follow the trend line. I'm not really too many outliers here. More than half of the world's richest investors see a big market dip drop in 2020. So the UPS survey and this is from the good old CNBC news station, whether that's good or bad or not. So they're saying they surveyed 3400 high net worth investors How they got those people? And what the heck kind of high net worth investors are going to sit on the phone for four minutes and answer surveys My other question, but they said 55% of respondents expected a significant drop in the market at some point in 2020. And they also said that the super rich have increased their cash holdings to 25% of their average assets. Put this in here mainly to kind of show people a little measuring stick, like you have high net worth investors or people here, maybe. And they're still not sitting on any more than a quarter of their net worth in cash. And here's my message if you're not rich, if your net worth is under $1 million, $1 million is really not that money. And oftentimes, I see those under $1 million net worth sitting on a large huge majority like almost 75% money in cash or stuck in lazy debt equity in their home or other rental properties paid off. I mean, you would think it'd be the opposite right high net worth investors should have more cash on hand because they have you know, they don't need to get yield, they don't need cash flow to eat, eat from that was my takeaway that 25% level for cash flow sitting on the sidelines from some random survey of of high net worth people. Me I'm kind of more like, I don't know like 10% or something like I invest aggressively maybe part of that is because I feel like I have good deal flow. But I invest in majority cash flowing investments that are cash flowing today.Unknown Speaker 14:50So this next chart here is taken from Arbor who is a direct Fannie Mae Freddie Mac lender. Orange graph is showing the court debt which is going up. And the household debt which peaked in 2008 2009, obviously, is on the decline, which is, in my opinion a good thing. This is similar to the levels of two top 2000 were corporate debt was at 46% ish. And household debt was a little over 70% hill-wood to develop a 1 million square foot Amazon fulfillment center in North Mississippi, put this in here as just a you know a lot of people they look at all these headlines of this building going into Seattle or this building going in San Francisco, frankly don't really care about any of this stuff I look at more of these type of articles here is like a class and choke campus going in. Next, the US Highway 78. More importantly next BNSF and Norfolk Southern Railroad lines. This is a similar play to people going into Memphis for the old FedEx and UPS, transit hubs. You know, these days you're looking for yield you can't really go to secondary markets your Kansas City's your Memphis says because they've been picked over since 2012 2016. You've really got to kind of go into these more tertiary markets that nobody ever really is talking about. Not saying that this is a good market to invest in, but maybe look into some of these market like in northern Mississippi. Again, it is in DeSoto County CBR he industry preps for the new Eb five regulations. So those of you who aren't aware of Eb five, this is the old way to if you're International, you want to become a US citizen. Well, you can pay to play because we'll take your money and we'll give you citizenship so we can get money. You have to invest in an asset that My understanding is that it helps the United States economic or its benefits America, I see it as sort of like a donation in a way to get citizenship. But they used to be, they're going to increase the target that you you're supposed to put up from $500,000 to $900,000. And it's supposed to pace inflation. And the standard minimum investment will rise by the same percentage going from 1 million to $1.8 million. So I've heard of a lot of people coming into the country this way. Again, a lot of the international money people coming in, they're not the 1% of their country. They're like the point 01 percent. So just plunking down a million dollars on something like that is think about it if you're going to the airport, and you want the Fast Pass, but the Fast Pass is way better. But it was 10 times the price and money was no object to you, you do it. These charts are talking about millennial renters. They ask these millennials, why do you expect to always rent? And some of the excuses? I mean, some of the the reasons where I can't afford to buy a house was 69%. The next one is I like the flexibility that renting provides. Third with 37% is I prefer to avoid maintenance and edit costs. And then last summer was buying a phone is financially risky. And then they asked millennials who plan to buy your house. Why are you waiting? What's your excuse? And 70% said I can't afford to buy right now. 33% said I'm not ready to settle down yet. 24% said I'm waiting to get married probably to share the costs and the Then there's another chart that they put in here and they split up the different demographics. Not going to go into that you guys can check that out later by going to simple passive cash flow, comm slash investor letter. And you guys can download these slides there.Unknown Speaker 19:17Those are the news articles I dug up this month. Here are the new simple passive cash flow articles and podcasts that I created this month. The first one was a lot of my investors, they they might be totally on board with financial freedom and investing in alternative assets but they may have a reluctant spouse in an In fact, this is in most cases call this reluctant spouse syndrome. So I pinged and surveyed a few people in my tribe and put down some useful tips on how to get your spouse on board. possibly create some kind of Midway there, too. You guys can check out that article at simple passive cash flow comm slash spouse. I'm starting to build a legal guide just like the tax guide, tax guide you can find a simple passive cash flow calm slash tax. But this legal guide that I've been creating a simple passive cash flow comm slash legal. I'm not a tax attorney I'm not a CPA, I'm not a lawyer. But here are some notes that I've been keeping for myself that you guys can also review I have my last rental property on the market and I am showcasing what's happening with that one at simple passive cash flow calm slash A l four l for because it's in Alabama and it was my fourth rental in Alabama. I interviewed at least it's on you guys can check out that interview there. Also I interviewed a doctor who is doing short term rentals. And if you're a doctor, I would go to that simple passive cash flow. COMM slash doctor and there's all other tidbits and thoughts for doctors and you know if you're a new Doctor, what are some tips to for financial freedom there and and other mindsets even if you're probably a higher paid profession I would recommend checking that out. For those of you who are still buying turnkeys we did a webinar last week where we talked about the mortgage lending requirements in 2020. And moving forward with Graham can check that out simple passive cash flow comm slash turnkey. The E course went live on Black Friday for those of you who took advantage of the that special launch pricing. It's that simple passive cash flow calm slash e course. And if you guys buy that we can credit back to the price you paid if you choose to go into the mastermind, at any point, we currently have 55 members in there. We do bi weekly zoom calls, we do networking similar to how we kick this meeting off here. Great way to get around. accredited investors quick going to The local Ria or the free Facebook group. So the forums, you're just going to find a bunch of book people there. And I launched the new investor portal for those of you who are in deals with me to access it, you have to create a login, then you can access to all the monthly updates there just in case you miss an email. Once we all get a lot of emails these days, and if you guys want to sign up, go to the website, and you create a join the deal club, you guys get access to the first three modules of the E course those of you who are not verified with me and haven't set up a call with me yet. After you do that, you can get access to the past do webinars to review and further your learning. They're just going to go over some updates that I've been doing personally. Man November was a quick month so I think put this down really quickly. I've had a little bit of downtime to plan for 2020 I'm starting to make key hires to help the group and simple passive cash flow, notably a membership director for the mastermind group. So what we're doing now is we're going through all the members and kind of building a little matrix and who's doing what, who we can connect with who, and then we're going to kind of forced the matchmaking to happen. contribution. I felt like the whole addressing this reluctant spouse syndrome was a big issue I needed to sort of help people with. The graphic I have on screen is what we're all trying to avoid. This guy was wearing like one of those Apple watches and it just happened to be the day that he got fired. So about 10 o'clock, he got the news that he got laid off his beats per minute, went up spiked up 220 from a resting heart rate of 85. It kinda went down. He had a meeting with HR Little around two o'clock and it spiked toUnknown Speaker 24:04110. And then he left work at 530 went right back up as probably he went home because he didn't want to tell a spouse, that his supposedly job that was keeping their family alive was no more. And then he went to bed at 110 beats per minute. So you don't want that to happen. And that's why you invest in alternative assets and you do something that everybody else doesn't do. Not because it's going to create the future one, but it's going to avoid situations like this. And maybe that's the pain that willingness pain will speak to you more than the financial rewards. Some cool things that I get to talk about here, my significant slide, I counted up the real estate control $216 million. Guess that's almost a quarter billion 3000 units or so 24 million diverted from Wall Street from Other passive investors in the squee. So we are currently up to 226 live investors today.Unknown Speaker 25:10Thank you, for especially you guys have been waiting for quite a few deals. This next side is uncertainty because you're always trying to find ways to make things a little bit a surprise in life as I'm planning 2020 for myself, I made it a goal not to go to real estate events where I know everybody and it's like cheers and everybody knows my name. And I don't have to get out my comfort zone. Because everybody already knows me. I'm going to go to start to go to more private entrepreneur type of events where nobody knows me and different coaching groups just do something a little bit different way I'm going to get certainty in my life. I'm starting to look at like doing asset management, taking that over from a third party and some of our deals and doing this in house. I don't know why I didn't do this in the past. Maybe because I didn't like doing it as a job as a project manager, but I'm sick and tired of seeing these accountants or computer programmers or non professionals be project managers when this is exactly what I did at my job for 10 years. And maybe even though I didn't like it, or I didn't think I was that good, I can do a lot better than all these amateurs. What I did for relationships and connections and love, I took my wife out, and we use the hundred dollar gift card that somebody gave us. It took some time for that. So I'm always trying to identify what is the resistance in my business in my life, and try and eliminate those. And we had a webinar in our mastermind going over INTERNATIONAL TRUST. And if you think LLCs and two layers LLC are cool, this is going to blow your mind. It's all about getting over charging order protection. This fraudulent conveyance much better Domestic trust. Again I have a lot of those notes and simple passive cash flow calm slash legal. You guys want to check it out and and part of this is like there's no worse feeling than being in a lawsuit and even if it's a stupid one, that somebody else can control your assets and do like a charging order, which is basically freeze your stuff and stop your ability to find future deals, or even getting a home loan for yourself or you maybe even getting a credit card. Creating complex events, legal entities is a way of getting some leverage in those situations. And for me, it's money well spent. Other other frivolous things. I think my coffee sucks. I'm going to stop using that key cup after my lot of 144 remaining k cup pods are gone. Probably gonna get one of those $50 special machines and Thanksgiving is always tough for me because I don't like to hear about people's jobs because is most times is people complaining all the time. My attitude is if you don't like your job then do something about it. Thanksgiving is over, thankfully. And Christmas is here and I bought myself some air pots. These are finally the good ones actually stay in New Year. And gunk doesn't get stuck inside of them. Some lessons learned I'm reading. Well, I just finished this last night The Richest Man in Babylon. A lot of people have recommended this book to me in the past for the first couple of chapters, there was a big takeaway. It was like this really rich guy, he's he's teaching this this younger guy who's not rich at all like a man How do I get rich and then the old guy tells them put aside 10% of your money and go and buy assets or go into deals that make you money. One of the first deals he goes into he goes to like the blacksmith who's going to buy like spices from wherever. And then the old man is like, all right, well, that's cool. Like Yeah, that can possibly make you money for why the hell are you investing with the blacksmith that doesn't know anything about spices? And then you know, that's the lesson learned the guy didn't make any money. But eventually he moves and he goes into a better deal. And now he starts to see the this proven concept. And at that point, after I read like the first 10 minutes of this book, it's written in Old English, sort of like the Bible, and it totally puts me to sleep, which is why I didn't get anything out of the book, and I eventually gave up on it. But now I can say I read it now when people talk about it, because they get the gist of it. Well, thanks for joining. And we'll see you guys next month on another monthly update right?Unknown Speaker 30:01This website offers very general information concerning real estate for investment purposes every investor situation is unique. Always seek the services of licensed third party appraisers and inspectors to verify the valuing condition of any property you intend to purchase. Use the services of professional title and escrow companies and licensed tax investment and or legal advisor before relying on any information contained herein information is not guaranteed as an every investment there is risk. The content found here is just my opinion and things change and I reserve the right to change my mind. Above all else, do your own analysis and think for yourself because in the end, you're the only person who is going to look out for your best interests. See acast.com/privacy for privacy and opt-out information.

30mins

11 Dec 2019

Rank #11

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SPC005 - So You Want To Buy A Turnkey Rental

Learn the Turnkey Rental players. How to buy one. See acast.com/privacy for privacy and opt-out information.

24mins

5 Jun 2016

Rank #12

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113 - Buck Joffrey - Medical Surgeon gets fired and goes into freefall

Simplepassivecashflow.com/buck Text “simple” to 314-665-1767 to download the Hui Google Drive files and the  2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!_Here are the Show Notes_We heard you on podcast 17 and you told your story - http://simplepassivecashflow.com/podcast-17-serial-entrepreneur-dr-buck-joffery-wealthformula-podcast/Hearing your story high paid doctor. Describe yourself as an employee?Great butt kisser Lane’s getting fired storySo you were fired what gave you the security to not go back?Lane’s getting fired storyhttp://richhabits.net/catastrophes-reveal-inner-greatness/?mc_cid=610082b2da&mc_eid=a129173ca3Why professionals are trained to go through the systemThe two excuses why not to leave the professional systemWealth formula - Mass (money) x Velocity (Leverage) = wealthYou need to make money What happen to assisted living project? Taking shots and trying things out? Where is the transition point from taking singles to going to homers?We are talking about Jorge from Simplepassivecashflow.com/ahpSPC listeners are usual creatures. Get me in a room with a bunch of W2 workers talking about their frequent flier miles and their cars and I'm completely turned off. What are your thoughts on coping with this?What are some ways you teach the entrepreneurial spirit with your kids?What if they just want to work for the man or do peace corps?Simplepassivecashflow.com/buck to get the free 1-hour coaching offer from Buck. -----------------------------------------------------Our worst W2 moments which were our Han Solo MomentsHow to make it as a medical professional? - Kiss Butt 😁We are robots.For more content go to Simplepassivecashflow.com/buck See acast.com/privacy for privacy and opt-out information.

53mins

7 May 2018

Rank #13

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127 - Estate Planning and Asset Protection with Lawyer Andrew Howell

YouTube Link: https://youtu.be/zaHW3_OEU8Y? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! _Here are the Show Notes_Estate planningGuests I have are giving insights but always hire your own person because these things require personalizationI try to bring guests on and ask the questions that I think you folks would ask. I believe you need to have a basic level of knowledge before engaging with a professionalFor those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy which makes LLC enitites creation look like childs playEmail me any questions to feature on the next ask Lane podcast or monthly email newsletterAndrew L. Howell is the Co-Founder of the law firm, York Howell, with a focus on asset protection.Many useful tools out there, but where do you as an investor fall on the asset protection spectrum? Two fundamental risks: 1) Asset-based risks 2) Direct-based risksReal estate considered as "hot" assets because liability risks are greater - more than equity.Liabilities both inside and outside the asset.Typically form a holding company to hold limited liability companies to abate asset- and direct-based risks.Holding properties in one LLC basket is good, but still risks if something happens in one property.Concentrate on family protection first (trust, wills, etc.). Then move to next level of asset protection planning. If own property out-of-state, advise on setting up a parent LLC in states with charging-order protection.Tough LLC rules and taxes for poor California residents!Need to do your due diligence on reviewing PPM's - especially who you are doing business with.Asset does not create liability risk for LP's; only GP's.If you get personally sued, can go after your MFH syndications and other assets even as LP.6% of current generation feels obligated to give back to kids. Instead of giving, create a bank. Create purpose when setting up your trust.Please reach out to teamandrew@yorkhowell.com and visit www.yorkhowell.com. See acast.com/privacy for privacy and opt-out information.

1hr 4mins

3 Sep 2018

Rank #14

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Podcast #103 - My Story - Money Savings Ideas Before the Simple Passive Cashflow (Scarcity Mentality)

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: I started to a hobby to make Mead or fermented honey wine. It’s pretty healthy because of the good bacteria cultures. I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out. Got to be diversified with multiple streams of income!Notebuyerbootcamp.com – Coupon Code “simplepassive”It’s been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie “The Founder” you know the lawyer had a very big impact to Ray Kroch.  George was the legal counsel to Donald Trump during his rise and “retired” once he hard Trump was running for presidency. George He held court to the remaining 15 of us for 3 hours after dinner until midnight telling stories for the past. Very insightful to know that this man shaped the Trumps business sense.He is known as a master negotiator and he gave us the following relationship advice:“In marriage, I tell my wife that I make all the Major decisions and she can have the Minor decisions… In all my years of marriage, we have not had one Major decision come up.”The recently launched YouTube Channel just clocked in at 17,577 minutes or 293 hours or 36 working days. So there much be one person watching my content around the clock which on the clock.I need a little bit of a break and took the time to reflect back on how far I have come from 2009 and buying that first rental property. By the way remember to incorporate “play” into your day.The first twenty tips came from myself but after sharing the list and finding the other ex-cheapskates out there we have been slowly syndicating more and more bad ideas. Note: they are not in any particular order.Our parents will be so proud of us!If you want to add more, please email me and I will keep growing the list. And if you like I can add you initials at the end to cement your legacy.If you call me collect, I will not pick up!Money saving ideas for the shameless...Stack Mr. Rebates shopping portal and Groupon discount codes with gift cards purchased from eBay or Safeway with more gift cards and Mr Rebates shopping portal. To sign up go here: http://www.mrrebates.com?refid=413597Take a shower at work to save on utilities, water, and electricity – as a side benefit you go to the gym more often (do your 3S’s there, shit, shower, shave)If you work in a startup company that caters food, it’s a no brainer--- eat at work and bring food home. Maybe you can even befriend someone that works there and join them for lunch from time to time. For extra credit consider a life of “intermittent fasting” and totally binge at these free meals.Wash your car in the rain. No mineral deposits left while it dries. Video of me demonstrating this: https://youtu.be/kZkYnkXOI7QCostco leasing to own programBuy an Anker powerbank and charge it at work.Always take a pee before leaving for the day.Try to poop at the same time every day while at work… get paid to poop. Time is money and flushes cost 10 cents.There are soft drinks available at restaurants?Why are you eating at a sit down restaurant, you have to pay tip?If you must, order food to go and eat on the premises. Best of both worlds!Wear clothes with the tag on it and return it.Buy a snorkel from Costco to go to Hanama bay while visiting Hawaii to return it. Another Hui member caucions that on many electronics there is a 90 day return policy.Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.Cash flow, cash flow, cash flow. Also, see uncle Kohlers team for tax optimization (easily the single largest expense in your life) http://keystonecpa.com/~keystone/images/5_Cash_Flow_Strategies_for_RE_Investors_eBook.pdf This one is a bit morbid, but an important one. Set up a revocable living trust with your lawyer to avoid probate expenses following the death of your family members\Susie Orman’s advice - make coffee at home and save yourself the $5 Starbucks Vente frappucinoFAST (intermittently, not forever)! Skip breakfast daily (work yourself up gradually) and when you’re ready to get to the big leagues, attempt to fast for an entire day (no breakfast, lunch or dinner)Solar panels (maybe?)Free (coffee) money, this one’s really easy ($25/quarter or $100/yr) w/ BofA and Amazon http://www.magnifymoney.com/blog/consumer-watchdog/better-balance-rewards-cardMaximize and optimize what you’ve got BankPurely has a 1.30% APY since April (not sure if promo rate?) but most banks have 1.0+% (which is 10x the 0.1% APY rate given by most conventional brick and mortar banks like BofA, Chase, WellsFargo)https://www.depositaccounts.com/savings/Become an Uber driver or deliver post maters? (not a big fan)If you have a spare room not in use, AirBnB it from time to timeCheck out EventBrite or other social event platforms for free lunch/dinner/drinksInvestinAHP.com        or email me for a few Burnzone book with your mailing addressBuy Mod Pizza’s mega salad for $11.27. Dinner for days!Paid online surveys (not a good use of time)Coupons (think http://www.freestufffinder.com/)Use www.bensbargains.com or slickdeals.net before buying anything onlineUse Honey or Ebates or other discount portals for Amazon/eBay or other internet purchases to save a few %Certain credit cards provide 5x bonuses (Chase Freedom has rotating categories) and Chase Business cards are good for auto-pay things like internet with extra bonus categoriesMake a Ghetto Latte at Starbucks and other funGrowing up in Hawaii where a gallon of milk is $8, I was taught to save money in strange ways. (I don’t drink milk)Some of those were pretty bad which develop into unhealthy money mindsets.Some downright unethical but hey if you are a cheapskate, own it!I don’t condone any of these tactics but look, it is no coincidence why you folks continuously have so much money to invest and pay your bills on time unlike 4 out 5 of my Birmingham rentals every month.Join the Hui Deal Pipeline Club! See acast.com/privacy for privacy and opt-out information.

20mins

11 Mar 2018

Rank #15

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135 - Interview - Financial Advice from a Broke Millenial with Erin Lowry

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer  For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! _Here are the Show Notes_ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high-level idea and break it down into smaller parts. Think of whatever your long-term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful, lofty dreams but no tangible steps on how to get themselves there.   Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth.  The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money. See acast.com/privacy for privacy and opt-out information.

42mins

20 Nov 2018

Rank #16

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SPC060 - #LaneHack - Lease Don't Buy, Push Money Into The Future And Invest

"-Whatever you have is the best way to go.-Invest and use your money to grow 15-20%. -This lease vs buy analysis guide describes various aspects of the lease/buy decision. It list advantages and disadvantages of leasing and provides a format for comparing costs of the options. -Cash flow: Leasing often has a lower monthly payment compared to financing with the same loan terms, since with a lease you’re paying for the depreciation during those years rather than the whole cost. If you need access to more cash every month, leasing may be more favorable.-It is the principle that counts.""#LaneHack #JustTheTip10 Free ""Think Outside the Cubicle” Modules - Access to spreadsheets, mindset tips, networking offers, and deal-flow access! Value-add for even the experienced investor!Enroll here: https://simplepassivecashflow.activehosted.com/f/1Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Looking for mentorship/turnkey services/apprenticeship/partnership:https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQoLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! https://calendly.com/simplepassivecashflow/20Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts" See acast.com/privacy for privacy and opt-out information.

11mins

6 Jun 2017

Rank #17

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SPC048 - Interview - Kenny Wolfe - Got $50K... Move over SFHs

"Kenny Wolfe is an apartment syndicator today but it was not always like thatAt 33 years old he left his CFO position and went full time REI2016 might have been the peak (100 deals, 10 look ok, and one offer)5.25% interest rate at early 2017, 1.25 DSCR is a hard underwriting figureAt 24 years old bought and failed at a tanning salonMFH Property Management is much more responsibleTreating investing like a business with an office and professional documentsIf you need a VA I am a partner of a VA firm that offers super qualified staff for a variety of tasks. Get creative and send me an email if intrested in a free 10-hour trial. www.Wolfe-re.com"#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comPlease leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5YJoin a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Group.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQoSummary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts" See acast.com/privacy for privacy and opt-out information.

20mins

1 Apr 2017

Rank #18

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SPC050 - Interview - Mark Kenney - CPA to Apartment Syndication

Mark is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 20 years ago and has extensive experience in property valuation, acquisition, and operations. He has a passion to help others succeed in the multifamily arena.Mark is invested in 1,750 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.Mark is a 1993 graduate at Michigan State University in Accounting and is a CPA. He has provided IT consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for organizations such as KPMG Consulting, EDS, SAP, HP, and founded Simplifying-IT which provides IT services to fortune 500 companies.Looking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5YJoin a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQoSummary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts See acast.com/privacy for privacy and opt-out information.

32mins

10 Apr 2017

Rank #19

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Wealth Management Tips from Centimillionaire Family Office Advisor Richard Wilson

Summary: Family offices are firms that serve the ultra-high net worth investors such as centimillionaires and billionaires. While many people would be over the moon after receiving a 1 million dollar check after hours of negotiations and meetings, those same individuals from family offices wouldn't even show up for such a low amount. In fact, a similar meeting for a family office would leave them in control of an additional 500 million in equity or more. Richard Wilson gives his insight on how he assists these individuals manage their wealth. https://simplepassivecashflow.com/hui3/ https://simplepassivecashflow.com/coaching/ https://simplepassivecashflow.com/ohana/ Youtube link: https://youtu.be/Pf1gwL4fqJ0?sub_confirmation=1 Website link: SimplePassiveCashflow.com/familyoffice Start learning about real estate investing - SimplePassiveCashflow.com/start Subscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347 _________________________ Top SimplePassiveCashflow Posts: This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/events Past Projects - crowdfundaloha.com/past-projects/ Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friends Menu of Investing Options – SimplePassiveCashflow.com/menu LaneHack – SimplePassiveCashflow.com/lanehack Passive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecourse Passive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journey Coaching – SimplePassiveCashflow.com/coaching Join our Private Investor Club – SimplePassiveCashflow.com/club Join our Team – SimplePassiveCashflow.com/jointeam Our Mission – SimplePassiveCashflow.com/mission Partner Opportunity – SimplePassiveCashflow.com/partner Products I support – SimplePassiveCashflow.com/products About Lane Kawaoka – SimplePassiveCashflow.com/about-me Quarterly Investor Updates – http://simplepassivecashflow.com/investorletter SPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ Real Estate Book Recommendations – SimplePassiveCashflow.com/books Backwards Engineering Happiness – SimplePassiveCashflow.com/happy Rental Property Analyser – SimplePassiveCashflow.com/analyser Visit Lane in Hawaii – SimplePassiveCashflow.com/retreat Start Here – http://simplepassivecashflow.com/start Ultimate Simple Passive Cashflow Guide to… 1031 Exchanges – Simplepassivecashflow.com/1031guide Newbies – SimplePassiveCashflow.com/noob Infinite Banking – SimplePassiveCashflow.com/banking Your Opportunity fund – SimplePassiveCashflow.com/ofund Taxes – SimplePassiveCashflow.com/tax Tradelines – Simplepassivecashflow.com/tradelines Turnkey Rental Guide: simplepassivecashflow.com/turnkey Syndication Guide – simplepassivecashflow.com/syndication Crowdfunding – SimplePassiveCashflow.com/crowdfunding Networking – SimplePassiveCashflow.com/people Private Money Lending – SimplePassiveCashflow.com/lend Investing in Coffee/Cocoa – SimplePassiveCashflow.com/coffee Investing in Non-Preforming Notes – SimplePassiveCashflow.com/ahp Rent don’t buy – SimplePassiveCashflow.com/home Investor Fallacy: Return of Equity – SimplePassiveCashflow.com/roe How to Calculate Investment Returns – SimplePassiveCashflow.com/returns Why you should break up with your Financial Planner – SimplePassiveCashflow.com/fp Quitting your job – SimplePassiveCashflow.com/quit Transcription: 0:00 Richard Wilson is a guy who works with deca millionaires and you guys haven't heard of the term family office is the term for families that have gotten well beyond that four and a half million dollar mark. They're more in the 5100 $200 million range. So think of it like Bruce Wayne in the Batman he had Alfred Alfred did a little bit more than your average family office in terms of keeping them out of trouble when they came up and all these gadgets but essentially, you get what a family office does. They're a consultant that is brought on board basically the kids don't mess it up and the family wealth keeps moving on. I'm trying to sort of do the same thing here in Hawaii and across my simple passive cash flow nation you guys want to check out my family office offering go to simple passive cash flow calm slash coaching, or go to Rei aloha comm slash ohana to read about my services where I can help out your higher net worth family definitely probably on applies to accredited investors there but accredited investors and above do things very different than your average half a million dollar net worth below you know the infinite banking is just a start but you know now you're starting to talk about oversee trusts and tricky things like that that are I'd probably say unfair. So if you want to learn more about that you can email Lane at simple passive cash flow and here's the show. 1:22 What's up simple passive cash flow listeners once 1:24 in nounce, the first multi day we mastermind in Hawaii will be holding it on 1:31 my island of Oahu, 1:33 Honolulu is on President's Day 2020 and that's February 14 and 17. And a reminder, Valentine's Day is the 14th. But we'll keep that evening for you. families and couples want to come on down for that we're actually encouraging spouses and families that come down because that's part of the whole experience, getting to know other families and getting to know other committee members. gonna be a big part of this. So what to expect structured networking and masterminding with existing CWI investors and other affluent investors, we're going to create the time and the environment to build real relationships that you can take forward forever. And for you, a students out there will do even be doing a full day of networking and mastermind and education. So once again, bring your families we're going to have optional excursions such as a luau, happy hours, dinners and some other activities to be able to have fun in the sun. And, you know, space is extremely limited because my vision is to kind of create this as a more intimate environment where we're all one big little ohana here. So come in and combined business and pleasure in a little tax write off hopefully you can get that right off in before the 2019 ends. Those signing up now we'll be able to get your free one on one strategy session that if you want to stick around till Tuesday, we can knock that out or if you're leaving early we can try and get that done throughout the weekend but hope to see you out in Hawaii go to simple passive cash 3:15 flow calm slash week three and we'll see you guys here how's it 3:22 going Richard? Thanks for coming on. Good Yeah, thanks for having me here lane. 3:25 Yeah, so give us a little background you know how you got started and advising these sensimilla in their family Sure, 3:31 Dad no at the start it was educated myself. I started writing online when I was learning while meeting with them realize many of them are not meeting with each other too often. That got me on the front page of the Boston Globe many different media mentions which got me speaking invites so I ended up speaking a couple hundred times in 14 countries got a book deal with Wiley bought family offices calm to start sharing that leadership and then the additional books written and all the hundred and 14 conferences with hosted now just kind of built on top of that progress. I mean, less The industry has expanded greatly since I got started 12 years ago. So I got a little fortunate being in the right spot at the right time, you know, thought leadership and just providing value as I'm learning has been the main way that things have grown. Yes, it's just so people 4:12 kind of left at the bus stop there. What is a family office? What are we talking about? Sure, 4:17 yeah, it's basically a solution for those who have a lot more money than the average person who are much more wealthy. And the way I like to explain is that if you're only worth $100,000, and you make a mistake, that's equal to 5% of your net worth, that's just $5,000 mistake, maybe you could have hired a consultant to help you avoid that and spend, they could spend a couple hours helping you prevent making that mistake again. But if you're worth 100 million dollars, or even just $10 million, and you make a 5% mistake, it's much more painful. And you could have a part time person, a secretary, an investment analyst, an attorney or project manager that would just help you avoid making those mistakes. And so as families become more wealthy, they're gonna be more likely to make mistakes because they're very busy. everybody's asking for their checkbook, their time, to get On their calendar, etc, they've got many different business entities, different investments going on deals going down all the time, they might be overseeing a 400, person, team, etc. So they're more likely to make mistakes and every mistake could cost them $500,000 here, 200,000 there, etc. So a family office solution gets you family office quality solution providers, it gives you less chaos, less stress, better deal flow, and it allows you to really be more effective at what probably created your wealth in the first place, which is typically not coordinating with your CPA or insurance advisor and filling out paperwork for 50 different LLCs and overseeing all that. 5:35 So it's a lot more than your basic financial planner gets Commission's off something. It's more of a holistic advisor right away. 5:43 Yeah, for sure. In fact, many times like one client where onboarding now is worth around 300 million, and we'll probably be doing six to eight months of heavy estate planning, organizational accounting, legal structure work before we even focus on the investments very much will try to slow him down on Making allocations until we develop a direct investment program with him. And I think it's not all about the investing. In fact, the best investment many of the ultra wealthy can make is in getting great tax and estate planning in place, because almost nothing else is going to provide a multiplied return in the same year where you're really just saving so much more than you're spending on that advice being employed. That's usually one of the first items to look at. 6:22 So based on clients coming to you guys, are you seeing that they are continually growing wealth? Or is their wealth accelerating in that respect? Or is it sort of decaying? And you definitely see it sputtering out with the next generation with where kind of the spreads that you see. 6:38 Yeah, I mean, there's a lot of statistics about families losing their wealth over two or three generations. But you know, it just depends on what the family's goals are. Some families have goals of giving away a lot of their wealth during their life. other families have a real goal of passing along entrepreneurial traits to the next generation. Others say Well, next generation decides what they want to do with their life. We're going to have enough so they have education and they can buy their first home. Maybe for a medical emergency, there's some access to capital, but they don't want the generation to have control the capital. So it really depends on the family. But if you're an entrepreneur listening to this, and you want to, you know, make sure you're passing on those traits of hard work ethic and being resourceful, etc, then having something like a family bank that has it's an informal bank, but with formal rules about how maybe the next generation only gets money for school, first house medical emergency, or a business idea that gets approved by the older generation and the family and then that way, they could buy the chain of three jompa juices or they could buy the chain of 10 carwashes or start that business. They want to start on Amazon etc. But it has to be approved by the family and then you get the money for the business and profits off the business you're able to keep but you're not just given a check to go buy Ferrari isn't a condo in Monaco or Hawaii. 7:49 Right. I think it's something that as I build my podcasts over the last few years, I'm kind of more getting into the more the advising side and definitely helping people get from zero To a million dollars network that seems to be my sort of claim to fame and that individual, they start working through their 20s and 30s. They're hustling and they have some kids and they get to about the 50s and 60s, what are some of the planning essentials for someone that have hit that pedestal? $3.5 million shelf as total network? Is it enough to start to bring in a family office? Or what are the best options for that? Somebody? 8:22 Yeah, it's interesting. It's good question. I mean, you can definitely take some lessons from the family office world, most multi family offices, the ones who take on 1020 or 50, clients, etc, will want you to have at least seven to 8 million net worth before they're going to take you on as a client. But if your net worth is growing by a million dollars a year you can probably convince them to take you on because I know that you're going to be a long term valuable client the serve but some lessons you could take. I think the most important one is to separate your thinking in your wealth management and you're investing into three compartments and it helps you focus your energy where you can maximize your return. So traditional wealth management is all about defense that stocks and bonds and commodities and fund managers and every is to find things that are uncorrelated. And that's what the whole wealth management industry talks about. But that's just one of the three compartments. And so typically, unless you created your wealth and and space, you shouldn't be managing that yourself doing a whole bunch of research and thinking you're going to buy Amazon at the perfect time or buy Tesla the best time or short this or that unless that's your background, you just love that stuff. And that's your whole life, I would just find the best in class provider and a wealth advisor. they'll manage that first compartment, which is your defensive compartment of your wealth. And the goal there is not to grow your wealth is to make it so that it doesn't get lost in great amounts and economy goes down and then it slowly kind of just tracks the market on the way up, hopefully, but no one gives money to a wealth advisor, typically nobody and they're worth 2 million and now because of that Wealth Advisors, great work on diversification. Now they're worth 20 million and none of my clients got wealthy because they had a good wealth advisor. So I think that's important to keep in mind. That's the first compartment is a defensive wealth management and that should be a certain percentage of your portfolio depending on who you are. The second compartment is cash flowing commercial real estate. Which is area you know very well and I always encourage clients to look at things are already cash flowing that are not too much developments unless for some reason they really like that slant or have an angle on that and is in an area they understand. And usually in this area, they're finding an independent sponsor or a fund manager, or they're using a property manager for property they buy directly. So they're kind of at arm's length. And most of them don't like to go into the funds. They don't know what property they're getting like to choose the properties one off and work with independent sponsors and that way, but it's a good medium because they're not saying Okay, Mr. banker manage my defensive portfolio, they're saying, okay, sponsor show me four deals a year and I'm going to say yes to one or two of them, and they're keeping some control of where an investment goes, it could be in one suburb of Indianapolis versus another one or one part of Honolulu versus another part of their more high conviction on that's not overheated or it's going to grow more. So that's the second compartment and usually focusing on two to three types of commercial real estate for it most is a good idea and not going too broad. And then the third compartment is direct investments in Operating businesses, which should probably be in the area where you created your wealth, if it's manufacturing autoparts should probably narrow your focus just investing in that area or in some area that you really for the next 1025 years you want to be investing in to be an expert in like stem cells or cannabis or something where you're just going to go all in on that read everything about it only look at deals there and be a real master of investing in that niche. And those are the three compartments that if you break down your decision making then you can see whereas it makes sense for me to have complete control, partial control and who can I trust to help guide me on each of those three areas? 11:33 And you know, kind of piggybacking on that last category there something I'm kind of learning after making this whole podcast simple, passive cash flow, I thought the secret to life is just passive cash flow me You can passive cash flow your way from zero to a million, but you're not going to passive cash flow your way from a million to 4 million, there's going to be up to some kind of thing that you enjoy or some special skill that you're gonna have to create a business in some industry that Richards kind of talking about in that third category, 11:59 right? Yeah, I think it I think otherwise could take a long time. I think that the trick is that all the ultra wealthy clients ICER to get up to really the 30 $50 million level if someone has an ambition to really jump there Well the truth is that I don't know anyone who's done that by placing a lot of passive bets you can get sometimes better returns with hard assets behind it by going into commercial real estate sometimes that is possible for sure. But if you are not focusing your creation of value into the world into something very specific, they can really magnify your returns your equity stake in it, then it can be hard to get to that ultra wealthy level. But you know, some people are very risk adverse some people have needs for high incomes. Obviously, there is no recommendation for all investors out there should take a lot of risk in a very specific area for sure that's not good advice. But if if someone is coming to you lane and saying like how do I grow my wealth more rapidly, I would say to think in those three compartments and think where it makes sense to apply the most of their control and then find the best in class for the other areas. So every hour you're spending on a project, it's an area where you have an advantage over everybody else in the marketplace or you have a unique focus. So you're making progress over competitors or over the market with every day of energy you invest. I think 13:11 people generally intuitively understand that. But now they're like, well, I gotta get in general partnership. And so these deals, how do I do that? I'm like, dude, you gotta find the deal. You gotta run it, or she could have you had to add some value, right? People just don't get that. I think some of these, right? 13:26 Yeah, yeah. Now that's true. I've heard that similar conversation. I mean, I think otherwise, you have to be putting up 50% of the deal or you know, some big amount of the LP base, yeah, systematically or something. Just click and delete the contact. 13:42 Other than the 27 weeks of curated content for the passive investor, the new mastermind will offer bi weekly power calls with the following format. first week of every month, we will dial in on being a direct investor for simple passive cash flow 1.0 I call it which is getting your first rental Nicole shading sourcing operation etc. second week of every month, we will discuss holistic wealth building topics or what I call simple passive cash flow two point O plus, which is holistic Wealth Management syndications private placements, tax legal lifestyle design, etc. 14:19 Get a sense of this forum by 14:20 checking out the guide the taxes video at simple passive cash flow calm backslash tax, I'll be honest, some things I can't see the general public because it's too personal. And it's not to say bad things about others. Unless you're in the mastermind. One rule we have is what happens in the mastermind stays in the mastermind. To get in go to simple passive cash flow calm, backslash journey. Don't be left out and join the day. If you've been waiting on the sidelines. This is your moment and not to be taken by an institutionalized education program. about this idea of like integration, right synergies, profession and interest. What are some things that you've kind of tied people together? Like, Hey, have you tried this idea of this type of business? 15:03 Yeah, yeah, I'm glad you brought that up usually in the podcast with that, because nobody ever asked me about it. And they asked me if I have any last things I want to add. And it's that idea of integrity or integration. And I think it's very important for someone who is investing because if your background is a computer programmer or an engineer, then you could add value potentially in that area and look for companies in that space. So a good example is an investor friend that lives here. I live on the island of Key Biscayne, one of my neighbors made his money in debt investing or reading a debt platform for consumers. And he wanted to start investing in multifamily properties. And I said, Well, one way to look at it is how can you invest in the debt side of the multifamily space, that's where your expertise is, you might come in as a normal LP investor on some deals, but if a sponsor ever wants to structure it as a debt note, or if you can find real estate investment structured as debt notes or come up with a creative structure, it might be a way for you to help people get deals closed and you get an X percent return with the collateral of an apartment building. behind that, that's an example of playing a unique game in the marketplace. I've got another friend who helps sponsors by waiting until they close the deal. Maybe the sponsor put up 10%. And then three to six months after closing, they will go to the sponsor and say, Hey, I know you're looking to do your next deal, I'll buy out 8% of the 10% that you just put down on your last deal. Now you've got eight out of the 10% that you need on your next one, but they get to then see three to six months of operating history, are the rents coming in as planned, the person that sell you the property lie about the condition of the units, you know, did everything settle fine at closing and etc? Or are there problems that are coming up, etc, and allows them to get superior due diligence done because of that unique model they have? And I think it's just important to look at yourself what others are doing and try to create a unique game for yourself as an investor. You know, if you're just using someone else's template that's not unique to your DNA and your background, then I think that you're not going to excel like your background, for example is in engineering, right, link. That's right, 16:57 but I don't like to do with operations and stuff like that. Right, right 17:01 but have you might have a unique attention to detail on the due diligence approach and setting up this podcast. I've never seen someone more organized and doing so it's like the links and stuff you had in there and made it very easy to work together on getting this podcast done. And so those unique aspects of who you are could allow you to find the things and due diligence that others Miss might allow you to walk through a property or look at construction or cost of things have a much better estimate and intelligent assessment and the average real estate investor or because of your unique background, maybe you're able to identify a group of engineering company owners or an insider industry group where the cost of join is very high. So the only people who are joining are very successful making 300 500,000 a year or they run a big team of engineering services or an engineering company and because of that, you're just naturally meeting investors left and right who appreciate that special skill set that you bring to your deals. 17:55 I think I'll add that you're not going to find this at the W two day job. You've got to kind of take that leap of faith, kind of like how I did. And I haven't really found that what I'm personally want to do with my time. But the same here it is a passive cash flow simple part, what you do after is it's really the hard thing. 18:10 Right? Right. Well, hopefully it's combination of something that uses your DNA background where you can make a lot of money and what you're really passionate about. And hopefully those combinations can be something very unique in the marketplace. So with your geographical focus, you only have one or two competitors, or no competitors. And I think that you can use those screens to narrow it down. I found that you know, you did, a lot of energy goes into creating a podcast like this, but I found that most people won't ever start a podcast, I won't ever write a book, it will never go to public talks. And much of the time is because they're not sure on what they want to stand for what they want to get done. And if you're unsure about something, then it feels risky to invest your energy into it. But if you can make a decision based on those three areas, and you know, it's a unique game that you're playing, then you can invest far more energy into it than others are investing in their projects. And then the marketplace will recognize you because of your certainty. You're able to I run circles around a competition with what you're putting out what you're getting done and just the amount of energy that you're infusing into your projects 19:06 right so they will switch gears a little bit the person listen to the podcast, they get it, they're they're kind of actively building portfolio that may or may not be taking that next step to building their business but at some point, the guys are listening to this podcast get it and they're going to be a net worth of a million to $5 million in the next decade or two. You know it's scary right? Because you've created all this wealth you can give it to your kid he's just gonna may likely be a trust fund kid you know, I went to private school so I know how it works right? I see all these right the girl up and how kind of new components they become prices. How do you what is the best mindset for that kind of parent who means well and wants to pass off? Well, the right way has some skills and traits. 19:48 Sure, I mean, as much as you can, I think encouraging them starting their own business when they're in grade school or high school like I had started five businesses before I got out of high school and I had a business in college. I got out of college started in Another business. So I think encouraging that, you know, we have our daughters to lemonade stands, and they're only two, four and six years old, but they do lemonade stands maybe twice a month and they'll think they made $56 last time and our goal this time is to make $100. And you know, that is their allowance and they make them count the money they will cash register. One of them is the salesperson one of them's the money handler one of them's pouring a lemonade and you know, just infusing that into the family DNA. So they're excited about it. And they they get that like, we bought the lemonade for $10. That's how much the supplies cost. And then we brought in $56. So we made $46. So that's the profits from doing that. It's something as simple as that. And my father took me to business meetings growing up when he was running his business. And I think that helped me He also read ink magazine a lot growing up. So I always reading about these great stories of people's high growth companies. And that got my brain early on. And I talked to my girls a lot about what I'm doing in the business and what's going on, even if they don't seem to be listening sometimes. And I think that kind of rubs off on the kids. getting them involved early, putting them in charge of something, maybe buying them a small business or getting them to run something and letting them fail if they need to fail to learn. So do you think that not all kids have that entrepreneurial bug? Or are all people in general, do high net worth families? They sort of trying to infuse that small business mindset. But are they okay with them becoming a dentist or doctor or some more traditional academic, I mean, only a percentage even want their kids to be entrepreneurial? For sure. I found that a percentage are okay with whatever path they want to take. And it don't even have a preference for them to be an entrepreneur, even though they were 21:36 entrepreneurs themselves. 21:38 Yeah, many of them are open to them doing whatever path makes them happy. And then no matter what their intention, many of them fail to direct the kids where they want them to. Just like with my girls, I have no idea. God forbid something. They make horrible decisions. I hope not but they could be anything when they grow up. I'm not sure obviously, they're so young, but it's a big challenge for many families just because they have a lot of money and even if they have been highly intentional about where they want to Right there kids, you can't control all the different variables and they've got a mind of their own. So I think that is a big challenge for many families and communicating with the monies for and expectations around who's going to get what money and why very difficult and the tears a lot of families apart. So I think it's something that's good to be talking about as kids grow up and manage those expectations and manage what are the family values? What are the goals, you know, what are the expectations that people don't think they're going to be inheriting $10 million, so they just drink at their frat for seven years at college and don't worry about their own career versus really encouraging them to go out and get their own career I think also as possible having it be so that the kid has money for school food, etc, but not a lot of money to go on crazy trips and have a Mercedes on their 16th birthday and etc. You know, and may if they want money, then they need to go earn the money. It's not free. You have to go create value in the world. 22:54 I mean, you guys help the family on the money side but raising productive adults that's up to them then yeah, we 22:59 know couples, therapist types that can work through family issues if there's a big problem going on within the family. And we can help put in into place governance policies and rules and ethical policy for the family office and help them avoid some major pitfalls. But some families don't have it as a high priority, or it's so messed up already, when they come to us that they really need the help of a therapist to address the one son who's a drug addict or something of that nature. 23:26 All right, so what would you suggest for somebody who has aging parents that has a pretty decent sized estate yet? They just saved their way to getting that? What would be the suggestion there to take over that estate? Right? 23:39 Well, I think as early as possible, it's good to meet with an estate attorney, a tax attorney and start structuring things. There are things you can do annually that if you just wait until they're on their deathbed, you'll have missed out on a lot of opportunities to structure things right and you will end up giving up more to the IRS and you'll pay more taxes than you needed to if you wait Tell somebody who's terminally ill I mean, if somebody is 60 already or 6570 any wait too long, then by the time decisions start to be made, there can be questions within the family if the person was mentally coherent enough, or whether there should have been a power of attorney enacting chaos, fighting within the family, maybe the uncle or the cousin or another sibling thinks that because maybe you're local, and like, I don't know you well enough later to know if you have a sister or brother or 10 of them. But let's just give an example of if it was your parents, and let's say you had a sibling in San Diego, but your parents were local to you there in Hawaii. And let's say you are local, and then you help your parents work through these decisions. And somehow, even though you think it's totally fair and equal, and that was the whole intent, you think that was the whole settling of the issue. If the sister thinks because you're local, you got a better shake out of it because you got to keep the house or you got to do something extra with the assets and you benefit more than she does. She might be very upset about such a thing. I've seen it happen many times with families At the same time, the brother can feel like hey, I help the parents, instead of going into the senior living. I helped them manage their care for seven years because they didn't want to go into senior living. I helped meet with the attorneys 22 times. I didn't take compensation for any of that. So yeah, I'm living in the house because I was taking care of them in the house, you know, so you can see how easily this stuff can turn into like nobody talking to each other for 20 years. You know, so that's the sad part about it. Yeah, to be really careful about it and kind of predict and just like over communicate when these types of things are going to be inevitably happening. Right. The one of the biggest things I see that screw people up the parents, they're very sentimental about this physical house. It's just always easier if you just would liquidate everything and just do a simple math exercise and divided by the amount of people and right or rent it out and then split it equally by the amount of people. Many times properties haven't been refinanced and ages could be refinanced, a little distribution and then a rental drip but it totally depends on the family obviously, and what their needs are and their ages, etc. Right. It's just the insight I think a lot of people just sort of blindly being blind is the tough part in between this one the 10 $5 million zone, it's not quite enough to get somebody on board and like a family office level. But yeah, it's true. I would, you know, that you bring up a really good point is that until you're at the eight or 10 million level, it's hard to get family office quality solution providers, but because I've seen so many families get such an ROI out of their estate planning tax advice area is one area where you shouldn't look at it as a cost. It really should be seen as an investment in interviewing the five to seven trust in the state planners, tax advisors, maybe someone who can do both things within one team and get to know them over one or two meetings or interviews and get the best one that you can get as the best one is used to dealing with deca millionaires, even if you are at 5 million is going to know the more advanced planning that could be an option where if you go to the guy who seems really nice and is really local to you, but his average client is one minute Net Worth and you're at five, he might miss some major things that could have saved save you a lot on taxes and would have paid the bill five times over. So it's not smart to choose an advisor in that area based on the cost. It's really an investment, right? You wouldn't buy an apartment building because it costs 1 million versus the other one costs 2 million like, oh, let's get the cheaper one. It's better to always go cheap. You know, it's about the ROI. 27:23 What What is the typical compensation structure for a $10 million family office or 100 million dollar family office? 27:30 Yeah, so usually, usually it's percentage and usually be anywhere from 30 to 50 basis points on the low end up to 1% of assets under management. But for estate planners are usually charging a hourly fee, but then they'll usually have sort of a base retainer and the hourly fees can be 300 $800 an hour and then associates on their team will be lower. That's definitely not inexpensive. But there's some wealth management firms out there that have performance fee based arrangements so they're not charging you Failure is charging a performance fee on how your portfolio does while working with them. And that's kind of a newer trend. And are these 28:05 guys do they also pick up some compensation via selling certain securities? Or is that no goal 28:12 it could be if it's disclosed, it's always about being transparent, disclosing everything disclosing conflicts of interest or even potential conflicts of interest and just kind of over communicating that with clients and but most Wealth Advisors just have their wealth advisory firm although probably about 10% of the marketplace. I have a real expertise in an area like stem cells or self storage or something and then that might be a reason why clients want to work with them. They were really strong on this everything else we do traditional wealth management, everything else we we find the best in class, but here's why we're best in class in self storage, etc. 28:47 So typical clients, they'll pay by the hour, let's just say then they'll come in how often for 28:52 tune ups and oil changes. I mean, estate planners in tax attorneys will typically charge by the hour but they might have a base rate teeners, they might charge you 1500 a month or 5000 a month, and then have a per hour charge as well. And that retainer gets you a certain number of hours. For the wealth management firm, or a multi family office type solution, it's going to be more about, hey, we're going to charge say, 70 basis points on your 7 million and assets that we're going to be managing. And then as that grows, you might get a break in fee once you hit 10 million and assets being managed, etc. 29:26 That's typically much call Richard whenever you want. 29:30 I mean, I'm glad you said that, because here's what happens a lot of the time is that the dynamic needs that you might have could be related to direct investments you want to do, right? So the calling for extra advice on investment decisions that usually occurs because somebody offered you an investment in a multifamily property or an operating business or some new investment opportunity came up and you brought up a sore point for the whole wealth management industry is they're pretty good at diversifying your assets, fund managers quality stuff. stocks bonds. And there's 40,000 people that can do that probably in Hawaii alone on some base level, but many multifamily offices and wealth management firms fail to advise that all on cash flow in commercial real estate, hard assets, direct investments and operating businesses is a huge blind spot for the industry. To the extent where with our advisory solution is simply the millionaire advisors, we are only helping with the direct investment portion, if somebody wants to full balance sheets solution and the defensive Wealth Management portion. We have a $6 billion family office partner and we can do that together in conjunction with them, but we're just providing the piece that we feel like everyone else is not providing to these families. And that's the type of stuff that requires more intra month of conversations back and forth. So it's not just plug and play like I'll take your 7 million will diversify it across, you know, one of our normal portfolio breakdowns based on your investment policy statement and you know, we're good and we'll adjust to each quarter and tell you how we're doing that's more of a efficient thing that you can scale that people like yourself, people that wants to get the Five 710 million they want to do direct investments I found very commonly, from based on what you see guy listen to the 31:05 podcasts, they're about $5 million net worth, they're getting up to retirement ages and you know, definitely a lot of this stuff passing down the baton, and then they just don't know where to start. I mean, how many hours do you think someone like an advisor would be able to get them up to speed and something that they would be looking for? 31:23 Right, right. I think that it can be pretty intensive work. depending on the complexity of the client, they might need to do four to five half day meetings to make sense and come up with a game plan of what needs to be done. And then based on the complexity of that game plan, you'll need to engage one or two other solution providers, you might need a higher quality CPA might need a great estate planner or a tax attorney. And then the carrying out of the actual investment management plan could take four to nine months or even a year to get things allocated in the right areas. When it comes to direct investments. It's not a good thing to get allocated all at once you know, some are it fluctuates, you want to be at different entry points, you want to make sure you're investing in the best deals possible, not just rushing in and allocating all $7 million to what's in front of you right now, you always want to have some liquid for a great opportunity. And the real estate markets been going up so long, a lot of families want to stay, you know, 1020 25%, fully liquid. So when the market goes down, they can be fully allocated and not before that point. Right. So the reason we brought Richard on 32:26 the podcast is just to tell you guys a little bit about the sort of industry as you're building your network, so you don't get stuck at the all these deals, but I don't know what to do with it after. So do you think we miss Richard though, kind of help the folks as a journey through the one and then the three and then the $5 million net worth levels? 32:45 Yeah, I think that just bringing it back to plan a unique game, making sure everything is integrated and aligned and what you're spending your time on, who you're working with, where you're based, where your investments are, what industry they're in, and then making sure you're playing the long term game over. lot of families position their portfolio. So inevitably, whether it's 1015 or 20 years, they have a great wealth accumulation. So just setting things up. So you're doing well long term because it's not like the stock market and what's happening with Tesla stock. It's not like you're managing Tesla. And after I do quarterly earnings reporting, most people listening to this have a 1020 year time horizon for retiring for, you know, building up to that $10 million goal, which I know a lot of people at one to five, eventually their goals be worth 10 million. So I think that making sure you're playing a game, that long term is very sound and your high conviction on will make you more energized to take action on it and and really put energy into making that game work. 33:41 All right. Well, thanks for coming on and talking to us poor people a little bit. We'll get there eventually. Yeah, Google, Richard Wilson found me offices. He's all over there. So that'd be the way to get ahold of him. 33:53 Great. Yeah, thanks for having hairlines appreciate it. All right. Thanks. Take care. 34:01 This website offers very general information concerning real estate for investment purposes every investor situation is unique. Always seek the services of licensed third party appraisers and inspectors to verify the valuing condition of any property you intend to purchase. Use the services of professional title and escrow companies and license tax investment and our legal advisor before relying on any information contained herein information is not guaranteed as an every investment there is risk. The content found here is just my opinion and things change and I reserve the right to change my mind. Above all else, do your own analysis and think for yourself because in the end, you're the only person who is going to look out for your best 34:37 interests. See acast.com/privacy for privacy and opt-out information.

35mins

29 Jan 2020

Rank #20