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The Wealth Elevator Podcast: Real Estate, Taxes, Investing
SPC072 - Interview with Rod Khleif
Topics that are covered in this episode:
- 800 houses in 2006
- MFH was founded in 2008 crash
- MFH has all the repair crews in house
- Focus on cash flow
- In 2008 rents did not go down but the vacancy did
- Two months is the typical turnover
- In the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flow
- Failures are seminars that teach us
- Don't flip in the high end
- Don't get a MFH 5 year baloon, instead get a 7-10 year term
- Continue to learn and make your own determination
- Be conscious of your podcasts your listen to because that is the way you will go
- VAs is calling Apartment Owners - Use county assesors offive then secatary of state to get mailing address, lookup phone numbers
- "My boss lives in the area and was interested in buying your property"
- For discount Tony Robbins tickets to UPW four day event email Lane@SimplePassiveCashflow.com
- 501C3 tax status for Non-Profit entity
Check out my Free Resources Below:
1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!
More info: www.SimplePassiveCashflow.com/fund
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4) Once you have gone through the majority of podcasts feel free to sign up for a chat:
5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.
6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email Lane@simplepassivecashflow.com if you want to try them out.
More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k
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8) Coaching Program to get you to your first rental in 90 days!
9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:
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484. Why New Investors Should Avoid 'Sexy' Investments and Focus on Real Estate
09:02||Ep. 484Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand. To get free access go here.Differing symbolic meanings of money in relationships, influenced by Gary Chapman and Dr. John Gottman. The episode also strongly advises new investors against high-risk 'sexy' investments like crypto, citing the value of stable and reliable investments such as rental real estate. Featured topics include the importance of cash flow, the drawbacks of following advice from figures like Elon Musk and Warren Buffett, and tips for leveraging partnerships and scaling in the real estate market. Don't miss the free remote investor e-course for additional insights.00:00 Introduction and Relationship Insights00:35 The Symbolism of Money in Relationships02:23 Valentine's Day Tips and Masterclass Promo02:54 Avoiding Sexy Investments: Focus on Real Estate03:34 The Pitfalls of Following Celebrity Investment Advice04:50 The Value of Real Estate Over Crypto05:15 Strategies of Sophisticated Investors07:15 Real Estate as a Stable Investment07:33 Personal Investment Advice and Conclusion483. The Truth About 401k Fees: What Your Advisor Won’t Tell You with Chris Miles
57:30||Ep. 483📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/clubIn this episode, ex-financial planner Chris Miles joins us to uncover the hidden fees and costs of working with certified financial planners. We delve into the broader investment world, discussing the current state of real estate, private equity, and the concept of sidecar investments. Chris shares his awakening story, lessons learned from traditional financial advising, and why he transitioned to alternative investments. We also explore topics like the pitfalls of mutual funds, the real rate of return from the S&P, and the importance of diversifying beyond paper assets. Pinpointing how to act now for a financially free future, this episode offers crucial insights for anyone looking to break free from traditional investment pathways.00:00 Introduction to Hidden Fees and Costs00:19 Real Estate Market Trends and Challenges02:27 Understanding Sidecar Investments03:30 The Shift to Private Equity05:49 Introduction to Chris Miles and Financial Planning07:24 Chris Miles' Journey to Financial Independence10:13 Critique of Traditional Financial Advice13:42 The Reality of Mutual Funds and Market Returns17:39 The Flaws in Financial Planning and Investment Strategies29:28 A Millionaire's Journey: Luck and Strategy30:09 The Harsh Reality of Retirement Savings31:34 Alternative Investments: A New Perspective32:10 The Power of Cash Flow35:55 Diversification Beyond Paper Assets37:14 Lessons from a Financial Advisor37:26 The Crypto Craze and Market Timing38:41 Real Estate: Timing and Strategy42:54 The Importance of Diversification50:54 The Value of Community and Mentorship53:46 Taking Action: The Path to Financial Freedom56:28 Final Thoughts and Personal StoriesConnect with me:LinkedIn: https://www.linkedin.com/in/lanekawaoka/Facebook: https://www.facebook.com/TheWealthElevatorInstagram: https://www.instagram.com/TheWealthElevatorLane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016. Check out our Top-50 Investing Podcast, The Wealth Elevator.482. Tax Benefits: Real Estate Syndication vs Crowdfunding vs REIT
10:37||Ep. 482📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/clubDeduct property improvements over 27 years and the advantages of Passive Activity Losses (PALs). Lane also discusses why he prefers syndications and private placements over crowdfunding websites and REITs, highlighting the importance of cutting out middlemen and working directly with the source to maximize returns. Finally, he stresses the significance of personalized financial planning and building a network of accredited investors.00:00 Introduction to Real Estate Investment Benefits00:28 Understanding Tax Benefits in Real Estate02:32 Maximizing Losses in Syndications and Private Placements04:15 Comparing REITs, Crowdfunding, and Private Placements06:07 The Pitfalls of Crowdfunding Websites07:45 Why I Don't Like REITs09:06 Building Your Network and Direct Investment09:53 Conclusion and Final Thoughts481. Goal-Setting Masterclass Inspired by Tony Robbins
56:02||Ep. 481Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand. Join us live from the Annual Goals Seminar at the Wealth Elevator retreat. In this comprehensive video, we delve into practical strategies for goal-setting, drawing inspiration from Tony Robbins and other successful coaches. Learn how to get clear, focused, and committed to your goals, and utilize exercises to gain clarity and momentum. Whether you're setting financial, personal, or relationship goals, this video offers actionable steps to achieve them. Perfect for both newcomers and long-time members, this seminar also emphasizes the importance of community and accountability in reaching your aspirations. Don't miss out on this opportunity to transform your life's trajectory.00:00 Introduction and Seminar Overview00:29 The Power of Decisions00:42 Goal Setting Exercise02:33 Getting into the Right State04:16 Reflecting on the Past Year09:32 Identifying Challenges and Emotions12:41 Empowering Decisions and Future Planning15:31 Reinforcing Past Achievements22:21 Dreaming Without Limits27:39 Leveraging AI for Goal Setting27:58 Focusing on One-Year Goals29:52 Committing to Your Goals32:46 Top-Down vs. Bottom-Up Approaches33:59 Taking Immediate Action37:02 Measuring and Tracking Progress46:01 The Importance of Community and Accountability49:44 Final Thoughts and Next Steps480. Generations at Work: How Demographics Shape Business Success
02:09:27||Ep. 480Check out our future deals, 12 Masterclass video series, and join our community: https://thewealthelevator.com/club/In this comprehensive episode, we delve into the intricacies of how different generations, from Baby Boomers to Gen Z, intersect and interact in the workplace. Hosted by a senior millennial, this presentation brings on seasoned business advisor and Vistage Chair, Tomas Tomasevic, who offers an in-depth analysis of generational dynamics, workplace expectations, and future economic trends. The discussion covers the challenges and opportunities in managing a multi-generational workforce, the impact of technology, the importance of psychometrics, and how economic conditions shape generational behaviors. Filled with valuable insights for managers, leaders, and entrepreneurs, this episode also examines the evolving definition of success and practical strategies for integrating younger generations into the workforce. Tune in to gain a holistic understanding of these critical trends that will shape the next decade of business.00:00 Introduction and Overview01:39 Guest Introduction: Thomas Tomasevic06:11 Understanding Generations10:13 Generational Characteristics and Impacts14:52 Generational Knowledge and Skill Transfer21:30 Economic Cycles and Generational Beliefs35:08 Generational Gaps in the Workforce44:28 Re-engaging Baby Boomers in the Workforce45:15 Generation X: The Current Leaders45:50 Millennials and the Workforce Gap47:07 The Future of College Education50:59 AI's Impact on the Job Market56:53 Generational Differences in the Workplace01:04:00 Generation Z and the Workforce01:15:33 Global Demographic Trends01:25:45 The Importance of Hard Work and Specialized Skills01:26:35 Challenges in Bridging Knowledge Gaps01:26:49 Young Entrepreneurs Academy: A Case Study01:28:35 The Struggles of Generation Z01:35:16 The Impact of COVID on Different Generations01:53:12 Millennials and Leadership Challenges01:56:05 Economic Future and Workforce Challenges02:06:42 Closing Thoughts and Contact Information479. PPM Syndication Documents: Section 6 of the Syndication E-Course
01:12:11||Ep. 479Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand. However, a critical piece of this journey lies in building social relationships and deal flow—something you’ll find within our inner circle mastermind, FOOM. Don’t miss out—apply today! http://thewealthelevator.com/master In this episode, we dive deep into the sixth section of our syndication e-course, focusing on essential legal documents like the Private Placement Memorandum (PPM). Topics include the importance of these documents, key terms, risk mitigation, and fiduciary responsibilities. Additionally, we touch on recent CEO optimism from the Vistage report and the current market dynamics driven by interest rates and inflation. Whether you're new to the world of syndications or a seasoned investor, this episode offers valuable insights and best practices.00:00 Introduction to the Syndication E-Course00:26 Upcoming HUI 7 Retreat in Hawaii01:05 Accessing the Wealth Elevator Group01:32 Insights from the Vistage Report02:54 Overview of Syndication Documents03:48 Importance of Legal Documents in Syndication06:10 Understanding the Private Placement Memorandum (PPM)08:49 Fee Structures and Deal Splits10:44 Role and Responsibilities of Passive Investors24:36 Conflicts of Interest in Syndication Deals34:07 Market Challenges and Diversification34:42 Understanding PPM and Legal Advice36:18 Investor Concerns and Signing Documents37:50 Holding Companies and Trusts45:19 Market Trends and Investment Strategies49:19 Diversification and Dollar Cost Averaging57:26 Advanced Investment Strategies01:07:59 Conclusion and Final Thoughts478. Capital Gains, Depreciation, and Loopholes: Winning Strategies for 2025!
01:27:21||Ep. 478Check out our future deals, 12 Masterclass video series, and join our community: https://thewealthelevator.com/club/In this podcast episode recorded in 2025, the host and a CPA delve into advanced tax topics, including passive activity losses, cost segregations, and how different types of income are taxed. They also discuss specific tax mitigation strategies such as the real estate professional status, the role of a management company, and the potential benefits and pitfalls of oil and gas investments and land conservation easements. The episode features a live Q&A session where they address a wide range of questions from listeners about handling capital gains, depreciation recapture, Roth conversions, and the complex interplay between passive and ordinary income. The CPA provides practical advice on utilizing tax strategies effectively while ensuring compliance with IRS regulations.477. Extra Real Estate Tax Benefits: Cost Segregations & Bonus Depreciation
36:38||Ep. 477Run a cost segregation here theWealthElevator.com/costsegIn this podcast episode, we dive into the topic of cost segregations, a valuable tool for investors to extract extra passive losses that may potentially be used on personal taxes. We discuss the impact of recent Fed rate cuts, market reactions, and why some investors prefer private equity over stocks. Later, we explore the benefits of cost segregation in real estate, including accelerated depreciation and bonus depreciation, and how they can lead to significant tax savings. Our guest AJ Alliance from DIY Cost Seg explains the fundamentals of cost segregation, who should consider it, and different levels of studies available. We also touch on the strategic implications for different property types and situations, answering common questions and providing practical advice for real estate investors.00:00 Introduction to Cost Segregations00:24 Market Reactions and Investment Strategies01:26 Private Equity Opportunities04:29 Understanding Cost Segregation07:23 Benefits of Cost Segregation09:15 Practical Applications and Case Studies10:35 Advanced Cost Segregation Strategies15:40 Cost Segregation for Different Property Types25:21 Common Questions and Best Practices30:45 Conclusion and Final Thoughts476. 4 Ways to Source Investment Capital
55:24||Ep. 476Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand. In today's podcast episode, we dive deep into various ways to source investment capital, perfect for managing passive losses in 2024 and preparing for 2025. Learn about the current state of inflation, interest rates, and their implications for your long-term debt. We'll also explore the dynamics of the real estate market, including cap rates and investment opportunities in different property classes. Discover four significant sources of investment capital and the strategies to optimize your investments. Join us for an enriching discussion and consider participating in our upcoming retreat in Hawaii this January for more hands-on learning and networking. Don't forget to check out the additional resources and masterclasses available for our club members.00:00 Introduction and Podcast Overview00:33 Inflation and Investment Timing02:15 Current Market Trends and Opportunities06:56 Investment Strategies and Capital Sources14:41 Lane Kawaoka's Engineering Journey26:53 Early Financial Strategies and Credit Card Hacks28:41 First Real Estate Investments and Lessons Learned30:32 Transition to Real Estate and Property Management32:55 Balancing Engineering Career and Real Estate33:22 Pursuing Higher Education and Realizations35:35 Mindset Shift and Financial Independence36:57 Leaving Engineering for Full-Time Real Estate43:57 Building a Real Estate Syndication Business52:21 Advice for Aspiring Engineers and Final Thoughts