Sometimes work can feel like a hamster wheel. We go round and round just working to get to retirement without even thinking about the future. This is why earning passive income is so attractive to many people. Specifically, through real estate.
In today's episode, we are talking to entrepreneur and expert real estate investor Lane Kawaoka. He is the co-owner of MPFE Investments and host of the real estate podcast Simple Passive Cash Flow Fund.
With over 260+ multi family units, he understands how beneficial real estate investing can be for continuous income. Lane explains that while many people are scared of the market because of the 2008 crash, it’s a different market that he recommends investing in.
(8:43) “Educate yourself. Podcasts are great way. Read a few books… don’t read too many books, you guys are business owners, like you are killing it. Don’t spend all your time doing this. I would suggest getting a mentor.”--Lane Kawaoka
(10:18) “People look at the numbers, but they don’t think of them as shades of grey. They think by numbers. They like by highest rent to value ratio, which you can get...But there is a reason a property is priced so low. You have to look at the area it is in.”--Lane Kawaoka
(16:07) “I think there is just a lot of bad information out there. I mean, I’m not a fan of the whole flipping thing and this BRRR strategy where you buy, rent, rehab and refinance the deal...I think a lot of people get scared of the real estate market from 2008.”--Lane Kawaoka
Connect with Lane:
Website: www.simplepassivecashflow.com
LinkedIn: in/lane-kawaoka-pe-81b875a
Twitter: @SimplepassiveCF
For more business tips and strategies, follow along with Kelly:
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