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.
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.