After a strong career as a civil engineer, Hawaiian native, Lane Kawaoka, decided to kiss corporate America goodbye and turn towards a stronger long term wealth plan - investing in single and multifamily units. After purchasing his first property in Seattle, Lane quickly realized what he needed to do to bring better cash flow to his strategy and invested in eleven different single-family units is not as large cities, such as Birmingham, Alabama, and Indianapolis, Indiana. Lane has a different business model where he focuses primarily on getting the money for the deal, and this way he joins on the GP side of the syndication.
In this episode of Multifamily Real Estate Investments with Don and Eden, Lane dives into how he conducts business all over the country - investing in multifamily units in different regions of the United States and more specifically how he anticipates what the markets are like so he can find a good deal. From there he will detail his unique business model of finding deals that no one else is really putting into practice and why it generates such great success for him and his partners. Lane also talks about why he thinks self-storage units and mobile home parks are a great start to investing in real estate and why he is focused on that for his investment future. At the end of this episode, Don also records an outro that explains how the entire syndication process works.
Highlights:
Lane’s Beginnings In Real Estate
His Unusual Business Model
How He Analyzes Markets Throughout Us
Why He Believes Mobile Home Parks Are A Great Investment
Current Projects And Future Outlook
How to Connect with Lane
SimplePassiveCashFlow.com
Simple Passive Cashflow Podcast with Lane Kawaoka
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TRANSCRIPTION
Hey guys, today I'm going to interview Lane Kawaoka - a real estate investor from Hawaii and he is also syndicating deals. What I like about him is that he's going to educate us on a different way of making passive income from multi-family and other real estate's syndications without ever finding the deal, but only finding the money. Now I realize not all of my listeners are really educated as far as the syndication process and how it works. So I decided to add a small part at the end of the interview, at the end of this episode really, to kind of educate you guys about the process so that you would know exactly what we're talking about because these are some critical advice that he gives and I really want everybody to understand. So I hope you guys are excited and stay tuned.
Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies.
Hey, Lane Welcome to the show. Thanks for having me, Don. Yeah. So how's the weather in Hawaii?
Perfect as normal little hot, but not complaining.
So I live in Florida and that's where I want to live. But right now as it's the summer here it’s not that pleasant, there's a lot of rain, hurricanes, the Internet is bad. I'm pretty sure you're having a better time than I am the other day or just in the office all day long looking at deals.
You're so right about that. So how about you tell us a little bit about yourself. For our audience to be able to get to know you a little bit.
Yes. I used to be an engineer, graduated from college in 2007, but none of my family was in real estate. They thought that the tenants would just rip the house. So I kind of grew up on this linear path that goes to school, study hard, get a good job, yeah engineer of all things and work for 40-50 years and maybe retire, but that kind of changed for me when I started to work as a construction supervisor and my first job out of college. The job kind of sucked. I didn't like it at all. I was traveling all the time, but I got paid a pretty good salary 80-90 grand a year wasn't bad. And I was able
