Commercial Real Estate Success With Lane Kawaoka
Manage episode 353289178 series 3364636
Welcome to the Mario Dattilo Show Podcast!
In this episode, Mario talks with Lane Kawaoka about his approach to commercial real estate success. The topics include Lane's beginnings in real estate, the importance of building a network of investors and operators, the importance of empathy and storytelling in securing investments, strategies for accessing capital, the benefits of being a debt fund, and tips for achieving financial freedom.
About Lane:
In 2007, I graduated from college with a degree in Industrial Engineering and went to work as a construction supervisor.
Study hard at school, get an engineering job, and work at said job for 40 years.
But then I started investing in a SIMPLE single family home rental
With $2200 a month rent and $1600 mortgage payment.... That was a lot of beer money For an early twenty year old engineer
For you that can be a means for quitting a job you don't like or
A spouse staying at home to raise your own children
In 2015, As I reached 11 rental units I found a better way to invest for the busy professional by investing in private placements and syndications.
I also found the secrets of the wealthy which I bring to SimplePassiveCashflow.com
Start learning about real estate investing - SimplePassiveCashflow.com/start
Find out more about Mario at MarioDattilo.net
Talking Points:
01:17 Lane’s Beginnings on “The Liner Path”
02:22 Unscaleable Rental Properties
03:26 It Takes More Than a Superficial Understanding to Be a Pro
04:59 Lane’s Start in Multi-Family Real Estate
05:53 Building a Network of Passive Investors and Operators
06:16 Why Lane Went from Passive to Active Investor
09:22 Empathy from Passive Investors
10:44 Crafting the Story for Investors
11:55 Lane’s First Deal
12:33 Tapping into Capital Sources
14:00 Reinvesting Profits Back into the Business
15:42 Why Are You Doing a Capital Call?
18:08 Always Have Some Capital as a Back-Up
18:31 What Is Infinite Banking?
20:01 You Need Reliable Liquidity in Tough Times
21:25 Be Smart About Borrowing
24:58 Learn From People Who Are Where You Want to Be
26:05 Only Take Financial Advice From People Who Are Financially Free
28:17 How Lane Competes in the Apartment Sector
31:20 Why Lane Is Operating More Like a Debt Fund
32:32 The Advantages of Creating Your Product33:30 What Attracts Lane to Debt
35:03 The Predatory Strategy
39:30 Underwriting Using Banks Strategy
42:15 Look At Specific Overlooked Expences
46:25 The Three Step Program To Reach Financial Freedom Three Times Faster Than The Average Joe
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Links & Mentions From This Episode:
Podcast: Passive Real Estate Investing via Simple Passive Cashflow
Website: www.simplepassivecashflow.com
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