What You Need To Know About Multifamily Investing For Cash Flow Opportunity

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5 • 681 Ratings

🗓️ 13 September 2018

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of The Art of Passive Income, Mark and Scott talk with Lane Kawaoka—SimplePassiveCashFlow.com. You may remember Lane from a previous podcast. He started his real estate investing career in 2009 cash flowing single-family home rentals while maintaining his day job as a Project Engineer and Licensed Professional Civil/Industrial Engineer. Still working his day job, he’s back to talk about his move to the multifamily realm. Because of the differences between single-family homes and multifamily, Lane admits there was a bit of a learning curve in the beginning but has built up his portfolio to about 434 units, in 3-4 deals! His strategy is to go after B and C class properties, add value to them, then increasing rent which in turn increases revenue. Listen in as we dive deep into the details of multifamily investing and why he made the move. Plus, we go over the numbers and delve into: Differences between non-recourse and recourse loans Differences between classes and why he chooses B & C class Advice on getting started What he doesn’t see changing in real estate investing Also, find out why Lane thinks that multifamily is an unfair game and so much more! TIP OF THE WEEK Mark: Learn more about Lane Kawaoka and about the very exciting, sophisticated, cool, high return world of multifamily investing at SimplePassiveCashFlow.com and don't forget to check out his podcast! Scott: Check out the iPhone app called Boomerang for Instagram. It takes a burst of photos then turns it into a video. Lane: Don’t be an “askhole.” Don’t be that person who just asks questions. Find people who are in the position to help you and give value off of that. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0	Do you have solo economic dependency? That is, if you aren't working, you aren't making money.
0:06.6	The art of passive income podcast is the solution. Discover passive income models so you can enjoy life on your own terms. Let freedom ring.
0:17.8	Hey, it's Mark Podolsk, the land geek with their favorite niche real estate website,
0:22.0	www. www.
0:24.0	The landgeek.com.
0:25.8	And we're bringing back an oldie, but a goodie.
0:31.0	But before we talk to our guests that you've all known before, I'd be remiss.
0:35.8	I didn't properly introduce my co-host,
0:38.4	Six Sigma, you know him, you love him.
0:40.9	Scott Todd from Scottod.net, landmodo.com.
0:45.5	And most importantly, you're not automating your Craigslist postings.
0:49.9	Postingdomination.com forward slash the land geek.
0:54.5	Scott Todd, how are you?
0:56.3	Mark, I'm great.
0:57.0	How are you?
0:57.7	I'm great.
0:58.6	I'm great.
0:59.2	My treadmill desk is on its last legs here.
1:03.6	I'm walking.
1:04.3	I stop walking.
1:06.5	Oh, man.
1:07.1	You're going to have to like, I don't know, you're going to have to like get something new.
	...

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