The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Get ready to elevate your wealth as we embark on a journey of growth, change, and insight in our latest Investor News update. We promise to deliver not just news, but also a wealth of knowledge that you can leverage. We'll start by sharing some big developments, like the reconstruction of our website, where you'll soon find a treasure trove of e-courses - all for free! From syndication to infinite banking, these courses are designed to push you further up the wealth elevator.

This episode contains content about:

• 5 billion in assets, and institutional operators with larger capitalization.
• Lower-end operators struggling with higher expenses and debt due to purchasing assets at higher prices, lack of personal net worth to support deals.
• Pre-institutional level operators with increased personal networks contributing to projects and using capital calls or personal reserves to address financial needs.
• Institutional operators relying on Wall Street money to fund deals, using rescue capital, and potentially diluting LPs' positions.
• Dangerous cities in the US include some in the South and Southeast as well as West Coast cities like Tacoma, Stockton, Oakland, and San Bernardino.
• Economists debating a second Fed rate hike due to cooling inflation, but core inflation remains elevated above the 2% goal.
• Positive economic indicators, with non-farm payroll employment increasing and the economy expanding, supporting the possibility of further interest rate hikes.

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This episode promises to unravel the intricacies of strategic thinking that seep into every successful business venture, fueled by my personal tryst with corporate America. You'll learn the underlying factors that separate these two distinct segments of the workforce - the cerebral intellectuals and the hands-on house flippers. Additionally, we turn the spotlight on Alabama, a hidden gem now heralded by the Wall Street Journal as an affordable paradise for retirees. 

The second half of our discussion immerses you in the latest happenings of the US housing market - a realm currently brimming with sales. For the first time in nearly a year, the average US home is selling above the asking price. We delve into the reasons behind this trend, from low inventory and unwavering demand to homeowners capitalizing on favorable market rates. News on the real estate front gets even more interesting as we dissect the implications of Peer Street's recent Chapter 11 bankruptcy filing on real estate syndicators. This episode promises a deep and engaging understanding of real estate investments - an absolute must-listen for anyone keeping an eye on the housing market pulse.

Hosted on Acast. See acast.com/privacy for more information.

Get ready to elevate your wealth as we embark on a journey of growth, change, and insight in our latest Investor News update. We promise to deliver not just news, but also a wealth of knowledge that you can leverage. We'll start by sharing some big developments, like the reconstruction of our website, where you'll soon find a treasure trove of e-courses - all for free! From syndication to infinite banking, these courses are designed to push you further up the wealth elevator.

We'll also talk about how we're breaking new ground with our rebranding and upcoming book release. On the economic front, we'll dissect current trends with a spotlight on interest rates and rent changes. By tapping into expert projections from the Urban Land Institute's spring real estate economic forecast, we'll help you understand what to expect in the commercial real estate transaction volumes and GDP growth. We're not just giving updates; we're providing context and implications for your investments. So if you want to stay ahead in the game, this episode is a must-listen!

Hosted on Acast. See acast.com/privacy for more information.

Get the inside scoop on the world of IRS tax processes with our esteemed guest, Joe Mastrianoo from taxproblem.org. Gain an understanding of Joe's unique insights and strategies, including his foolproof four-part audit prevention checklist. You'll come away appreciating the intricacies of IRS codes, regulations, and discerning which receipts to hold onto for deductions.

As we journey through this discussion, Joe demystifies the concept of the discriminant income function (DIF score) used by accountants to evaluate your average contributions. You'll learn why tax deductions are vital and how filing an extension could be your saving grace. Investors, pay attention to Joe as he advises on taking every possible deduction that can be substantiated, providing justification for exceptional expenses.

We'll also broach the chaos in the IRS that ensued from the onset of COVID. Joe underscores the importance of a professional review on your return to ensure it withstands an audit. We'll weigh the potential costs and benefits of filing taxes with the IRS and the consequences thereof. Wrapping up, Joe emphasizes the cruciality of offering evidence to the IRS to steer clear of penalties. Don't miss out on this episode- it's a treasure trove of wisdom on navigating the IRS tax process and warding off potential issues.

0:02:25 - Maximizing Tax Return Accuracy and Protection

0:07:42 - Benefits of Filing Taxes in October

0:12:01 - Navigating Business Expenses and Tax Returns

0:16:48 - Tax Return Documentation and Cost Analysis

0:19:51 - Navigating IRS Audits and Tax Preparation

0:24:18 - Challenges and Advice for E-Filing Taxes

0:31:59 - Focus and Avoid Distractions

0:36:03 - Focus and Productivity in Daily Goals

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• The Federal Reserve decided to keep interest rates unchanged in their recent meeting.

• Insurance costs have been rising, especially due to recent weather events like hurricanes, impacting real estate investments in certain areas such as Dallas.

• An underground seller called Underground Seller went bankrupt, leaving many customers wondering about the authenticity of the purchased wines.

• The San Diego retreat is happening soon with an abbreviated schedule and plans for the annual retreat in Hawaii are still intact.

• There is a shift in demand from owning to renting due to high home prices and rising mortgage rates, making home ownership less affordable compared to renting.

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/SimplePassiv...

Instagram: https://www.instagram.com/simplepassi...

Watch & Listen:

YouTube:    / @simplepassivecas...  

Apple Podcast: https://podcasts.apple.com/podcast/si...

Spotify Podcast: https://open.spotify.com/show/1TrHc3f...

Website Link: https://simplepassivecashflow.com/

Hosted on Acast. See acast.com/privacy for more information.

Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club

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Excited to implement what you’ve learned from the episodes?

The goal is to get you to become a real estate investor,  pay less tax (the right way) and become an accredited investor.

The journey will take time, and sometimes it will be challenging.

But it’s essential to start and get yourself to the first step.

Hosted on Acast. See acast.com/privacy for more information.

Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club

Slide Link: https://www.slideshare.net/LaneKawaoka/investor-weekly-news-update-june-19-2023pdf

• The Federal Reserve decided to keep interest rates unchanged in their recent meeting.
• Insurance costs have been rising, especially due to recent weather events like hurricanes, impacting real estate investments in certain areas such as Dallas.
• An underground seller called Underground Seller went bankrupt, leaving many customers wondering about the authenticity of the purchased wines.
• The San Diego retreat is happening soon with an abbreviated schedule and plans for the annual retreat in Hawaii are still intact.
• There is a shift in demand from owning to renting due to high home prices and rising mortgage rates, making home ownership less affordable compared to renting.

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/SimplePassiveCashFlow 

Instagram: https://www.instagram.com/simplepassivecashflow/

Watch & Listen:

YouTube: https://www.youtube.com/channel/UCX1ZU4WejBYUwvdGbBHOWzQ 

Apple Podcast: https://podcasts.apple.com/podcast/simple-passive-cashflow

Spotify Podcast: https://open.spotify.com/show/1TrHc3fc8ZGw4mX3yK76rS 

Website Link: https://simplepassivecashflow.com/

Lane Kawaoka is a multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $186 Million Dollars of private equity since 2016.

Lane uses his Engineering degree to reverse engineer the wealth building strategies that the rich use in the Top-50 Investing Podcast, SimplePassiveCashflow.com.

Hosted on Acast. See acast.com/privacy for more information.

Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club

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Download the Net Worth Tracker sheet:  https://simplepassivecashflow.com/legacy

You don’t need to commit the same mistakes that other real estate investors (like Lane) did!

That’s what this episode is all about.

It’s a compilation of ‘what not to do’ so you can skip to the next right step.

Learning is better when you learn from other people’s experiences.

Hosted on Acast. See acast.com/privacy for more information.

Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane!

https://simplepassivecashflow.com/club.

00:00 Investor Weekly Update - June 12, 2023

00:52 Stateside HUI Retreat Information

1:28 Job Openings on the rise

4:46 Mortgage rates edge higher on stronger than expected employment growth

7:32 Yardi Matrix Updates on Multifamily rent raises in May

9:07 Apartments.com April Rent Growth Report

10:43 Joint Venture acquires $150M apartment complex in Coney Island

13:19 LIV and PGA Tour Merger

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/SimplePassiv...

Instagram: https://www.instagram.com/simplepassi...

Hosted on Acast. See acast.com/privacy for more information.

Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club

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Need clarification about whether you'll stay on your day job or not?

This chapter will not encourage you to resign from your day job. 

Instead, it will make you realize where to contribute your highest and best use.

Because at the end of the day, it's all about 'you giving value.'

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