Welcome to Your First Rentalāthe podcast for high-earning professionals and business owners who want to build passive income without dealing with tenants, toilets, or quitting their day job.
š Start your journey with Laneās 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 Rentalāthe podcast for high-earning professionals and business owners who want to build passive income without dealing with tenants, toilets, or quitting their day job.
š Start your journey with Laneās 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.
š Start your journey with Laneās 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.