Welcome to Your First Rental—the podcast for high-earning professionals and business owners who want to build passive income without dealing with tenants, toilets, or quitting their day job.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
Host Lane Kawaoka bought his first rental in 2009 while still working as an engineer. By 2015, he owned 11 rentals and has since participated in over $2.1 billion in real estate acquisitions.
This podcast is where Lane gives back, breaking down real estate investing into simple, actionable steps so you can buy cash-flowing properties remotely, avoid newbie mistakes, and finally stop trading time for money.
Hosted on Acast. See acast.com/privacy for more information.
Welcome to Your First Rental—the podcast for high-earning professionals and business owners who want to build passive income without dealing with tenants, toilets, or quitting their day job.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
Host Lane Kawaoka bought his first rental in 2009 while still working as an engineer. By 2015, he owned 11 rentals and has since participated in over $2.1 billion in real estate acquisitions.
This podcast is where Lane gives back, breaking down real estate investing into simple, actionable steps so you can buy cash-flowing properties remotely, avoid newbie mistakes, and finally stop trading time for money.
Hosted on Acast. See acast.com/privacy for more information.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
In this episode, we dive into the impact of mindset and money in real estate investing. We compare the past caste system to modern financial divides and share personal experiences transitioning from single-family homes to apartments. Learn the importance of collaboration over competition and gain actionable insights into networking with an abundance mindset in the real estate community. Concluding with a practical action plan, this talk encourages building synergies and fostering helpful relationships.
00:00 Introduction and Importance of Reviews
00:02 Mindset and Money: The Modern Caste System
00:20 Starting in Real Estate: My Journey
00:36 Challenges in Wholesaling and Bird Dogging
01:03 Competition in Rental Investments
01:20 The Scarcity Mindset in Real Estate
01:39 Shifting to a Collaborative Approach
01:57 The View from the Top: Investing in Apartments
02:19 The Abundance Mindset and Success
02:57 Action Plan for Real Estate Success
03:30 Conclusion and Farewell
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
In this episode, we explore essential reads from a passive investor's perspective. The host shares recommendations, including four critical real estate books: 'Rich Dad Poor Dad', 'Millionaire Real Estate Investor', 'Cashflow Quadrant', and 'Equity Happens'. Additionally, three top business books are suggested: 'The Four-Hour Work Week', 'E-Myth', and 'Think and Grow Rich'. The episode emphasizes the importance of taking action alongside reading and offers an action plan to get started in real estate investing. Visit simplepassivecashflow.com for more resources and to support the site through affiliate links.
00:00 Introduction to Passive Investing
00:25 Essential Real Estate Books
02:21 Key Business Books for Investors
03:27 Taking Action Beyond Reading
04:38 Final Thoughts and Resources
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
In this episode, we dive deep into Capital Expenditures (CapEx) assumptions for property underwriting. You'll learn what CapEx is and how it differs from repairs and maintenance. We discuss three methods to calculate CapEx: using one month's rent, using 10-15% of your income, and creating a lifecycle cost analysis spreadsheet. The host also shares tips on financing upfront repairs to manage costs and ensure long-term savings. Don't miss the valuable action plan provided at the end to help you accurately reflect CapEx in your property analysis.
00:00 Introduction to Capital Expenditures (CapEx)
00:10 Understanding CapEx and Its Importance
00:52 Calculating CapEx: Three Methods
01:17 Pro Tips for Managing CapEx
02:01 Building Your Own CapEx Spreadsheet
02:39 Final Thoughts and Action Plan
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal
In this episode, Lane discusses his decision to sell his Seattle rental properties despite the recent market appreciation and tech money influx. He explains the concept of Return on Equity (ROE) and its importance in evaluating real estate investments. Lane shares specific metrics and calculations, revealing that a 2% ROE from his Seattle properties was insufficient compared to other investment opportunities. He emphasizes the need to analyze and leverage 'lazy money' in real estate portfolios to achieve better returns. Lane concludes with actionable advice for investors to evaluate their properties systematically to optimize financial performance.
00:00 Introduction and Podcast Overview
00:06 Seattle Real Estate Market Insights
00:26 Evaluating Property Performance
00:49 The Concept of Return on Equity (ROE)
01:42 Decision to Sell and Reinvest
02:28 Action Plan for Investors
02:46 Conclusion and Call to Action
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, we discuss the importance of balancing work and play, using 'Settlers of Catan' as a metaphor for real estate investing. The video explores common regrets of those nearing the end of their lives and the necessity of having fun. We delve into the parallels between the strategy of the game and real estate investing, breaking down how different stages of investments mirror the game's resource requirements. Practical investment tips and exit strategies are also provided, along with an action plan to avoid analysis paralysis and encourage finding a mentor.
00:00 Introduction: A Different Kind of Topic
00:07 The Importance of Play
00:44 Settlers of Catan: The Game Everyone Should Know
02:05 Real Estate Investing Lessons from Catan
03:05 Strategic Investing: Planning for the End Game
03:19 Common Pitfalls and Lessons Learned
05:10 Action Plan and Conclusion
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.
00:00 Introduction and Podcast Promotion
00:32 Personal Real Estate Journey
00:49 Understanding Turnkey Investing
01:49 Turnkey Providers: Pros and Cons
04:43 Finding Reliable Turnkey Providers
10:40 Alternative Buying Methods
13:27 Investment Strategies and Tips
17:19 Listener Questions and Advice
21:19 Conclusion and Final Thoughts
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.
00:00 Introduction and Podcast Promotion
00:32 Personal Real Estate Journey
00:49 Understanding Turnkey Investing
01:49 Turnkey Providers: Pros and Cons
04:43 Finding Reliable Turnkey Providers
10:40 Alternative Buying Methods
13:27 Investment Strategies and Tips
17:19 Listener Questions and Advice
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, the speaker discusses the rent to value ratio, a crucial metric for evaluating rental properties and investments. By dividing the monthly rent by the purchase price, investors can quickly filter potential properties, much like swiping on a dating app. The speaker explains the importance of focusing on properties with around a 1% rent to value ratio, while cautioning against low-priced properties with seemingly attractive ratios due to potential tenant issues and higher vacancies. Personal anecdotes highlight the benefits of investing in higher-class areas. The speaker also touches on other metrics like Cap rate and gross rent multipliers, advises on suitable neighborhoods, and underscores the need for a balanced portfolio. Key tips include creating a spreadsheet to vet properties and understanding the nuances in different property classes.
00:00 Introduction to Rent-to-Value Ratio
00:17 Calculating Rent-to-Value Ratio
00:40 Using Rent-to-Value Ratio as a Filter
01:47 Comparing Different Properties
02:14 Challenges with Lower Priced Properties
02:57 Advantages of Higher Priced Properties
03:37 Personal Strategy and Loan Considerations
04:14 Alternative Metrics and Graph Analysis
05:07 Understanding Market Trends
06:26 Personal Philosophy and Investment Tips
07:42 Diversification and Market Conditions
08:58 Final Thoughts and Action Items
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Lane shares his personal journey from being a licensed civil and industrial engineer to becoming a successful real estate investor. He discusses his early investments in Seattle, the challenges he faced, and how he transitioned to more fruitful markets outside his home state. Lane also talks about his current portfolio of single-family homes distributed across several cities, his motivation for starting a blog and podcast, and his desire to help others achieve financial freedom through real estate. This episode lays the groundwork for future discussions on practical investment strategies, offering valuable insights for both new and seasoned investors.
00:00 Introduction and Improved Sound Quality
00:10 Personal Background and Early Investments
01:05 Challenges and Strategic Shifts in Real Estate
01:55 Current Portfolio and Community Engagement
02:18 The Reality of Passive Investing
03:51 Balancing Full-Time Work and Real Estate
04:21 Motivations Behind the Blog and Podcast
05:35 The Power of Real Estate for Financial Freedom
06:20 Conclusion and Call to Action
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Lane, an engineer with a busy W2 job, shares his personal approach to making passive income through real estate. He emphasizes the importance of recognizing one’s skills, resources, and limitations, and differentiates passive investing from more active real estate strategies like flipping and wholesaling. Lane introduces key concepts such as the 'time, money, experience triangle' and 'FYM' (FU Money), advocating for strategic outsourcing and focusing on highest and best use. This episode is geared towards busy professionals, affluent individuals looking for better returns, and skeptics of traditional investments, providing actionable insights on achieving financial freedom.
00:00 Introduction to Passive Income via Real Estate
00:28 Active vs. Passive Real Estate Strategies
01:45 Ethical Considerations in Real Estate Investing
02:46 The Time-Money-Experience Triangle
04:25 Who This Site is For
05:28 Achieving Financial Freedom
07:27 The Crossover Point and Beyond
09:39 Future Plans and Conclusion
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.
Hosted on Acast. See acast.com/privacy for more information.