More on YouTube? Visit here: https://www.youtube.com/watch?v=IZn_IQjPgts
Who is Lane Kawaoka?
- LANE KAWAOKA has been investing for over a decade and now controls 4,800+ units. As the owner of CrowdfundAloha.com, SimplePassiveCashflow.com, and ReiAloha.com, Lane handles finding investment opportunities, analysis, and marketing.
- Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. Also, to an analytical engineering background, Lane has real-world experience in working as a project manager for over $250 million dollars of capital construction projects in both the public and private sectors.
- Working as a high-paid professional in Corporate America and frustrated by the traditional wealth-building dogma, Lane was compelled to inspire and mentor other working professionals via his Top-50 Investing podcast at SimplePassiveCashflow.com.
Strategies:
- Why did Lane start with Turnkey investing? Rather than flipping, syndications, etc.
- Average joes like Lane and Axel developed a disciplined lifestyle in the beginning. It helped them improve their portfolio
- Find a community, a tribe with like-minded people, and mentors to help you move forward in your investing journey despite all the noise (disapproval, confusion, discouragements, and etc.).
- How does the 80-20 work in rental investment strategy?
Quotes:
- Don’t spend $11 while ONLY earning $10!
- Do you like to increase your freedom, and have the ability to make your own decisions?
- What does it take and what are you doing to increase/reach your freedom?
- Are you willing to take steps X, Y, and Z laid up for you by mentors, teachers, or gurus? If not, what better plans do you have?
Investor Q&A Round:
Q: What’s your favorite book?
A: I would read mail and The Real Estate Investor by Gary Keller, but I'm not a book guy.
Do you know the 70- 20- 10 rule? 10% reading books and [listening to] podcasts. 20% comes from working with other people- what you get from others, like your community or a mentor. And the 70% is getting out there and doing it!
Q: Who do you look up to?
A: Those nameless, multi-millionaire eight-figure investors out there, I just need to look for them.
Q: If you had a time machine, where would you go and what time would that be?
A: When I paid off my debt, because I had some extra money, like 20, 30 grand lying around.
What an idiot I was back then! Sophisticated investors pay more, pay attention to their net worth, cash flow, and debt amount with the interest rate.
Enjoyed this episode? Don't hesitate to give a review here. :)
Say hi to Lane at www.simplepassivecashflow.com and avail his free Passive Investor eCourse!
Start taking action right NOW!
- Goal-setting the right way!
- Hesitant to make the first step towards real estate investing? Axel learned t
Any questions?
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