The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Cost segregation has been a topic in the group these past days, and in this episode, I’ll be sharing some insights on cost seg and bonus depreciation.

Together, in this month’s market update, we talked about industrial investment, continued migration of US renters, top markets for multifamily, and why others are investing in student housing.

View the past monthly market updates by visiting https://simplepassivecashflow.com/investorletter.

0:47 Cost Seg & Bonus Depreciation

2:47 Industrial Investment

4:49 Interiors & Amenities for Multifamily

7:13 Emergency Rental Assistance

9:46 US Renters Migrate

11:40 Top Markets for New Multifamily | Construction Permits | Cap Rate in Multifamily

20:20 Alternative Assets

22:10 Student Housing

24:55 Multifamily Assets

28:40 More Updates | The Easter Egg

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Play is not just for kids. Play must be incorporated into everybody’s lifestyle, especially adults.

Benefits like learning new tasks faster when it’s fun and when you are in a relaxed state, stimulating one's imagination, improving relationships, and helping you adapt and thrive in a challenging situation.

There’s no harm in adding a dash of play to give color to your everyday life.

Discover what others might be playing around with. Join our mastermind group!

Visit https://simplepassivecashflow.com/club

0:56 Introduction | Background

8:12 Start Living, Stop Worrying About Being Judged

9:26 Why Play

11:26 ‘Playful Ideas for People’

16:06 Quick Tips for a Playful Life

18:20 Play + Investing = FUN

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When you reach your goal, you’ll suddenly recall and ask yourself, “what’s your purpose for success?”.

Lane was interviewed by Phil Portman and he shared his mindset about success and how it is to be the ‘Robin Hood’ of this modern time.

Learn more about the journey towards FI (financial independence) at https://simplepassivecashflow.com/journey.

5:07 What does success mean?

7:02 Breaking Generational Mindset

12:09 Why are people not into real estate investing?

16:08 Lane’s Real Estate Investing Program

18:15 Having a Mentor | Being the Mentor

20:46 Skillset to be Successful in Business

24:30 Learning From Mistakes

28:37 Having Success Lead to Generosity

35:07 Pandemic Realizations

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In this video, Raj interviews Lane on how a lot of people (like hard-working professionals) commit mistakes when dealing with their retirement funds, how they decide on investments, and how they can maximize the return of their investments (especially in real estate investing).

Easily grasped. Comprehensible.

This will be an eye-opener for you, especially those who are just starting in navigating the path toward financial independence (F.I.).

Don’t forget to join us in our investor club!

Visit https://simplepassivecashflow.com/clubs and SIGN UP FOR FREE.

3:08 How the Wealthy Create Wealth

5:11 Why 401K Doesn’t Matter

10:17 Passive Investing for Working Professionals

14:44 Role of Mindset to Succeed in Real Estate Investing

25:03 Learn About Family Office Ohana Mastermind

26:24 Investing Recommendations for Working Professionals

36:16 Why Real Estate Investing Is Hot

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Politics is not much tapped into the show but we're aware of its effects on our economy and other policies related to real estate investing.

In this episode of monthly market update, we talked about the highlights that I saw from the news in the past weeks. Which includes effects of the Ukraine war on inflation, Houston market, migration trends and there’s even a touch of crypto news.

If something interests you from this presentation, bookmark it or you may check out all the past investor letters.

Visit https://simplepassivecashflow.com/investorletter

2:55 New IRS Rule: Higher Penalty- Free Withdrawals for Early Retirees

7:08 US Inflation Resulting From Ukraine War

12:51 Top Markets for Investors | Metros Which Led Recovery

14:37 Single Family Rental Boom

17:05 Multifamily Investment Growth

21:43 Mortgage Lending & Renters

25:16 Rising Interest Rates Mean for Apartment Cap Rates

30:59 The Easter Egg

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𝗜𝘁’𝘀 𝗼𝘂𝗿 𝟯𝟬𝟬𝘁𝗵 𝗲𝗽𝗶𝘀𝗼𝗱𝗲!!!

Celebrate with us and get access to our FREE giveaway!

Undoubtedly, this coaching call with Marianne is worthwhile.

Due to the variety of valuable questions and information that we tackle: tax in real estate investment, short-term and long-term rentals up to exit strategy.

In which, you can relate much if you went through the e-courses.

Nonetheless, this is juicy and meaty in itself.

𝗙𝗼𝗿 𝘁𝗵𝗲 𝗚𝗜𝗩𝗘𝗔𝗪𝗔𝗬: 𝗘𝗺𝗮𝗶𝗹 𝘂𝘀 𝗮𝘁 𝘁𝗲𝗮𝗺@𝗶𝗺𝗽𝗹𝗲𝗽𝗮𝘀𝘀𝗶𝘃𝗲𝗰𝗮𝘀𝗵𝗳𝗹𝗼𝘄.𝗰𝗼𝗺 𝘄𝗶𝘁𝗵 𝘀𝘂𝗯𝗷𝗲𝗰𝘁 𝗹𝗶𝗻𝗲 𝟯𝟬𝟬

Better yet, join our club by visiting https://simplepassivecashflow.com/club

11:33 Homeowner Fees: Charge tenants or tax deductible if it’s a short term rental?

12:40 What markets to invest in?

16:02 Is it ok to consider transitioning to vacation rental as an exit strategy?

18:09 Real Estate Markets & The Rise of Different Sector

19:38 Investing in Texas Real Estate

21:27 Deal Analysis

24:06 Net Yield, Net Cash on Cash & NOI

26:19 How to utilize cap rate?

29:45 Case Study

31:15 FHA Loans on Turnkey Property

35:44 Is HELOC or Non-recourse asset based loans recommended?

39:05 Is it recommended to pay off a hard money loan with cash instead of refinancing?

40:10 Cash Reserves in Connection to Vacancies

44:04 Recommended Lenders

46:43 About Umbrella Insurance

47:48 Upgrading the Property

48:42 Exit Strategy

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Most hard-working professionals worked their way to where they are today.

Having a 1.5 million net worth is not an end goal rather it becomes a motivation to further scale-up.

Like Eric here, an accredited investor and FOOM member, he continuously searches for a greater avenue to invest his money and expand his network.

In the different stages of his life, he realizes that there are better uses of his money rather than just managing properties of his own.

Better to realize it now than never!

Increase your network and meet him in the mastermind group.

Join https://simplepassivecashflow.com/club

Most hard-working professionals worked their way to where they are today.

Having a 1.5 million net worth is not an end goal rather it becomes a motivation to further scale-up.

Just like Eric here, an accredited investor and FOOM member, he continuously searches for a greater avenue to invest his money and expand his network.

In the different stages of his life, he realizes that there are better uses of his money rather than just managing properties of his own.

Better to realize it now than never!

Increase your network and meet him in the mastermind group.

Join https://simplepassivecashflow.com/club

2:35 Overview of Eric’s Profile and Investments

10:35 Starting Investment With Friends

13:49 Reasons for Transitioning From Being a Traditional Landlord to Real Investor

17:09 Is 1031 an option?

20:23 Tip When Selling a Property

22:08 Plan of Action

28:00 What it takes to be a principal?

32:57 Life and Lessons as an Investor

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Retirement funds. Does everyone need it or not?

Unfortunately, most w2 workers think that retirement funds are the only way to go to live and survive in the future.

Technically, it can help you financially but there are other means towards financial freedom.

In this coaching call episode, let’s talk to Nick, an accredited investor, who’s possibly taking money out of his retirement account towards a more yielding investment to get to financial freedom.

Don’t forget to join us in our club.

Visit https://simplepassivecashflow.com/club and hang out with us while we learn from each other.

3:01 Nick’s Background | W2 Job | Work Benefits

10:17 Financial Statement Overview

12:45 Spouse as a Real Estate Professional

18:19 Advantages of Renting

23:44 Liquidity & Investments

34:18 Plan of Action

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Are you a business owner planning to buy your dream home?

In today’s episode, we are joined by Benson Pang, an ex-Engineer (just like Lane) and founder of NestMade Mortgage to talk about lending options and how you can qualify for big mortgages to purchase your dream home.

This is valuable especially if you’re a business owner or real estate investor that are diligent in legally minimizing your taxes.

Check out our tax guides, visit https://simplepassivecashflow.com/tax/

0:26 Valuable Tip When Buying Your Home

5:17 A Business Owner Having a Hard Time Obtaining a Home

6:53 Lending Options for Business Owners

11:11 What to do when you’re in an end game and you want to buy your dream $5M + home?

13:32 Can one avail of a HELOC when buying a home in cash?

19:46 Another Option: Business Loan to Pay for a Home in Cash. Is it possible?

21:08 Advantage of Infinite Banking

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In this episode of Monthly Market Update, Lane talks about current events that are impactful in real estate investing, the multifamily markets, and how apartment occupancy is on the upward trend despite the migration situation of people from one state to another. 

Watch the past episodes and stay updated!

Visit https://simplepassivecashflow.com/investorletter/

1:08  Teaching Points

6:46  Multifamily Markets and Construction

9:46  Proposed Legislation in New York

13:16 Record Breaking Rental Market

18:11 U-Haul Growth Index: Texas is the No.1 Growth State of 2021

20:48 Top States People Move To and From

21:45 Apartment Occupancy Continues to Push Upward

27:30 Personal Current Events

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