Episode #58 of Charged Up studio focuses on creating positive cashflow providing the basis for doing other things rather than working a 9-5 J.O.B. Danna is joined by Lane Kawaoka, founder of Simple Passive Cashflow.com. Lane learned early on that he needed another plan for creating wealth other than the traditional means we are all taught growing up.
Lane started his venture in real estate investing in 2009 after living on the road for 5 years as a construction supervisor by purchasing an A-class rental in Seattle that rented $2200 per month. Three years later he was able to acquire a duplex. While looking for a 3rd investment in 2012, the market was rebounding and he realized most investments would yield negative cashflow.
After this realization, Lane converted his portfolio to secondary markets with robust job markets and Rent-to-Value Ratios that would yield $250-$400 monthly profit between rents and all expenses.
Lane quickly acquired 11 rentals across, 4 “blue-collar” states before 2016. In 2016, after expanding his portfolio to reach the maximum number of government-subsidized Fannie Mae loans, Lane reached another pivot point. The circles of investors Lane came into contact with were much more sophisticated and they were all saying the same thing. The single-family home rental (a prerequisite to larger investments) was not the way to build substantial wealth or be scalable.
Find out more about how Lane has grown his investment portfolio to over 1,100 properties since 2009 by tuning into chargedupstudio.live.
Lane@simplePassiveCashflow.com
SimplePassiveCashflow.com
https://www.linkedin.com/in/lanekawaoka/
@simplepassivecashflow @dannaolivo @marketatomy @lanekawaoka #passiveincome #cashflow #investment #realestate
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