Share

cover art for SPC072 - Interview with Rod Khleif

The Wealth Elevator

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


2) Join a Social Club:

Seattle Social Club

Hawaii Social Club

Portland Social Club

Bay Area Social Club

So Cal Social Club

East Coast Social Club

Central USA Social Club


3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube


4) Once you have gone through the majority of podcasts feel free to sign up for a chat:

20 Minute Chat with Lane


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


7) Please leave a review for the podcast!


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:


10) Summary of every Simple Passive Cashflow Podcast

More episodes

View all episodes

  • 430. Office Hours: April 2024 - Real Estate to Private Equity

    58:16
    Mastering Investment Strategies: From Real Estate to Private EquityThis comprehensive discussion covers a multitude of investment topics including real estate, private equity, economic trends like the US wholesale trade report, consumer price index, interest rate predictions, and housing market insights. It dives into cap rates, explaining their inverse relationship with property values, and details the venture outside real estate into e-commerce and content website spaces. The podcast also explores investment allocations across different net worth ranges, introduces concepts like accredited investor banking and infinite banking, and breaks down investment returns by category. Additionally, it elaborates on creating a diversified portfolio, analyzing deals, and the importance of community in navigating investments. The discussion wraps up with an in-depth look at strategies involving family office money, semi-institutional deals, and the importance of having a well-capitalized investor base.06:33 Welcome to Office Hours: Exploring New Deal Flow06:44 Understanding Asset Allocation in High N et Worth Individuals15:09 The Power of Real Estate and Private Equity Investments33:20 Building a Diverse Investment P ortfolio  44:56 Infinite Banking49:18 Elevating Your Investment Game: The Horse and Jockey Analogy 2.058:02 Closing Remarks and Next Steps  
  • 429. Big Trends for 2050 with Geography with Geoff

    45:49
    Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/This video explores current trends in investment, focusing on the experiences of investors with rental properties encountering issues and considering the transition to syndications and private placements. Highlighting the challenges in acquiring new properties due to changes in loan-to-value rates and the necessity of larger down payments disrupting ROI, it showcases the pivot towards exploring non-traditional investment opportunities beyond real estate. The video discusses economic forecasts predicting gradual recovery, emphasizing the importance of leveraging current market conditions to engage in value-add projects. It also covers the impact of Google's SEO updates on online businesses and the potential in virtual spaces. With insights from Geoff, a city planner turned YouTuber, the conversation expands to long-term urban and population trends, the transforming landscapes of housing, and the promise of high-speed rail projects across conservative states. It concludes with a look into America's future demographic shifts towards urban centers and the significant role of immigration in population growth, painting a broad picture of investment landscapes and urban development trajectories.00:00 Navigating the Real Estate Investment Landscape: Challenges and Opportunities01:08 The Shift to Non-Real Estate Investments and Syndications01:53 Economic Outlook and Investment Strategies for 2024 and Beyond03:13 Exploring Virtual Online Businesses and SEO Updates04:15 Investment Galaxies Beyond Traditional Real Estate04:26 Geography with Jeff: Long-Term Trends and Urban Planning Insights10:21 The Future of American Cities: Population Growth and Climate Change Predictions13:09 Investment Strategies in the Face of Climate Change and Urbanization21:16 The Evolution of Urban Spaces: Mixed-Use Developments and Zoning Changes25:01 Exploring Zoning Changes Across the States26:38 The Rise of High-Speed Rail in Conservative States31:38 The Great American Tree Planting Initiative34:43 Addressing the Housing Crisis: The Missing Middle38:06 Investment Strategies and Urban Development42:28 Forecasting the Future: Immigration and Urban Growth44:48 The Enduring Appeal of the American Lifestyle
  • 428. CPA TAX Insights: Mitigating Depreciation Recapture, Passive Income

    01:06:19
    Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/This comprehensive guide covers advanced tax strategies for investors, focusing on the benefits and mechanisms of various tax scenarios including 100% bonus depreciation, paper vs. electronic tax filing, and the intricacies of filing with different investment statuses. It also delves into the specifics of passive activity losses, real estate professional status, and the implications of investing with retirement funds. The script includes a detailed discussion on tax brackets, the impact of the Corporate Transparency Act, how depreciation and cost segregation studies work, and offers practical advice on hiring a CPA for tax optimization. Furthermore, it touches upon the Federal Reserve's plans for interest rates and how investors can adapt. The guide is designed for both seasoned and novice investors seeking to navigate the complexities of tax strategy to maximize returns and minimize liabilities.00:00 Welcome to Tax Season: Tips and Tricks for Investors00:22 Why Paper Tax Returns Might Be Your Best Bet02:27 The Importance of Choosing a Professional CPA04:43 Diving Deep into Depreciation and Tax Strategies12:06 The Significance of Cost Segregation Studies Explained13:32 Maximizing Your Tax Deductions: A Closer Look18:53 Understanding Depreciation Recapture and Its Impact23:24 Navigating Different Tax Brackets and Strategies24:00 The Role of Passive Losses in Your Investment Strategy33:56 Expert Insights: Navigating Audits and Aggressive Tax Planning36:13 Unlocking Tax Benefits: Selling Property and Passive Losses37:25 The Cost of Audits: A CPA's Perspective38:31 Navigating Passive Losses with Multiple Rentals39:10 Accelerated vs. Regular Depreciation: A Comparative Analysis42:28 Leveraging Real Estate Professional Status for Tax Advantages47:46 Practical Tips for Logging Hours as a Real Estate Professional55:13 Understanding Passive Activity Losses and Tax Implications57:19 Q&A Session: Addressing Common Tax Queries
  • 427. IBC Loans, Inherited Taxes, Venture Capital, Non-Accredited 506B

    01:12:28
    Decoding Investment Strategies for Non-Accredited and Accredited InvestorsThis detailed dialogue covers a broad range of investment topics, focusing on the transition from non-accredited to accredited investor status. It discusses inflation rates, Fed's targets, real estate investments, market corrections, investment opportunities in various sectors like retail, and strategies for both seasoned and new investors. It addresses the challenges and misconceptions around investing in syndicated deals, highlighting the differences between 506B and 506C offerings and how non-accredited investors can navigate these opportunities. Additionally, it touches on the significance of building a strong investor network, proper asset diversification, the impact of mental health on financial decisions, and the potential of venture capital investments for higher net worth individuals. Key advice includes the importance of patience in wealth building and strategic moves for investors at different stages of their financial journey.07:04 Diving Into Infinite Banking: Loans and Taxes12:16 Navigating Capital Gains on Inherited Property 17:09 Maximizing Tax Benefits from Your Principal Residence27:48 Analyzing Property Tax Implications and Investment Decisions41:52 Commercial Real Estate: Opportunities Amidst Challenges48:09 Venture Capital: A New Frontier for Investors51:26 Investment Strategies Across Different Life Stages57:47 Understanding Legal Entities and Tax Considerations in Investments
  • 426. Living Trusts, Irrevocable Trusts, Estate Tax Planning with Ethan Okura of Okura & Associates

    01:08:30
    This podcast episode delves into advanced estate planning and asset protection strategies for individuals with a net worth of several million dollars, exceeding the basic approaches like LLCs. The discussion features attorney Ethan Okura from Hawaii, covering topics like irrevocable trusts, the implications of the Corporate Transparency Act, and handling of beneficiary ownership agreement forms despite legal disputes. It also touches upon the psychology of predicting economic recessions, the merits of investing in gold, real estate vs. stock investments, and the nuances of real estate's economic impact. Moreover, the episode explores complex estate planning tools, including various types of irrevocable trusts designed for tax benefits and asset protection, strategies for avoiding gift tax, and the value of generational skipping trusts. Insights on handling estate taxes, probate vs. trust benefits, and considerations for special circumstances like non-citizen spouses or disability trust provisions are also discussed. The importance of financial education, passing values along with wealth to prevent mismanagement by future generations, and the potential of a dynasty trust to maintain family wealth across generations are highlighted.00:27 Understanding the Corporate Transparency Act02:05 Predicting Recessions and Investment Strategies03:10 Real Estate vs Stocks: A Comparative Analysis04:41 The Challenges and Rewards of Being a Landlord05:32 Exploring Commercial Real Estate Opportunities06:16 Invitation to Connect and Learn More06:31 Deep Dive into Estate Planning with Ethan Okura07:52 Understanding Probate and the Importance of Trusts13:06 The Intricacies of Irrevocable Trusts20:59 The Role of Settlor, Trustee, and Beneficiary in Trusts25:05 Exploring Different Types of Trusts34:50 Understanding Different Types of Trusts35:31 Exploring the Concept of Irrevocable Life Insurance Trust36:45 The Role of Trusts in Estate Planning37:13 The Importance of Grantor Trusts38:10 Tax Implications of Trusts39:24 Strategies for Asset Transfer and Tax Avoidance41:12 Understanding Estate Taxes42:12 The Impact of Changing Estate Tax Exemptions51:06 Planning for Incapacity and Long-Term Care57:56 The Power of Generation Skipping Trusts01:01:38 Final Thoughts on Estate Planning and Trusts
  • 425. Syndication Cram School: Part#4 - Numbers Part 1 of 2

    01:06:11
    Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/This comprehensive guide discusses the future refinancing needs of commercial real estate, highlighting the $1.5 trillion required by 2025, and its potential impact on investors. It critically examines the current market conditions that might be favorable for new investors, emphasizing the market's correction and its probable bottom. The script delves into investment strategies, including the risks and rewards of different types of debt, the significance of the reversion cap rate in underwriting, and the detailed analysis of deal structures. Furthermore, it offers insights into how to interpret pitch decks and project returns realistically, touching upon the nuances of preferred rate of return, fee structures, and the impact of market cycles on investment outcomes. Lastly, it encourages investors to achieve diversification and maintain realistic expectations by evaluating the operational track record of investments and understanding the intricacies of market cap rates.00:00 Introduction to Commercial Real Estate Market Trends00:45 Understanding the Real Estate Market Correction01:00 Investing in Real Estate Amidst Uncertainty01:28 The Importance of Community in Real Estate Investing02:00 The Role of Net Worth in Real Estate Investing02:41 Strategies for Wealth Building in Real Estate03:18 Understanding the Risks and Rewards in Real Estate Investing04:38 The Power of Diversification in Real Estate Investing05:07 Syndication Due Diligence for LP Investors06:02 Understanding the Importance of Assumptions in Real Estate Investing07:54 The Role of IRR and ROI in Real Estate Investing09:48 Understanding the Impact of Debt Structure on Real Estate Investments29:34 The Importance of Understanding Fee Structures in Real Estate Investing35:00 Understanding Operator Fees and Cash Flow35:26 The Role of Development Fees in Asset Management36:41 The Impact of Real Estate Brokerage and Property Management Fees37:20 The Importance of Projections and Conservative Underwriting38:12 The Power of Networking in the Alternative Investment World38:59 Understanding Preferred Rate of Return42:24 The Complexities of Capital Stacks48:16 The Role of Skin in the Game for General Partners55:16 The Importance of Exit Cap Rate in Underwriting59:49 Final Thoughts and Q&A01:02:53 The Power of Diversification in Alternative Investments
  • 424. Bank Restructuring + Capital Calls w/ Troy Taylor of Algon Group #424

    57:47
    This video podcast features Troy Taylor, a restructuring advisor who provides some insightful discussion about the current state of the economy and how it's impacting real estate investments. Troy speaks about the 'tidal wave of debt' and inflation rates, while emphasizing the importance of understanding economic trends in planning investments. He further discusses the challenges for sponsors and operators and the role of diversification in minimizing risk. The podcast also explains the need to balance achieving financial freedom with enjoying life, as illustrated in the 'oil in the spoon' parable. Troy's advice largely revolves around the need to have a realistic plan, to be open to new opportunities, and to clear up existing problems for a brighter financial future.00:00 Introduction and Guest Introduction00:12 Weekly Newsletter Sneak Peek: Inflation and Interest Rates01:10 Stock Market Trends and Diversification Advice02:51 The State of Commercial Real Estate03:55 Guest Interview: Troy Taylor on Restructuring and Real Estate04:59 The Impact of COVID-19 on Real Estate05:43 The Challenges of Renovating Older Buildings06:08 The Future of Real Estate and Investment Opportunities06:54 The Importance of Long-Term Debt and Market Timing07:18 The Risks of Floating Rate Debt08:41 The Importance of Realistic Financial Analysis12:23 The Role of Lenders in Troubled Real Estate Projects15:29 The Impact of CapEx on Real Estate Investments24:04 The Importance of Diversification in Real Estate27:47 The Role of Regulators in Real Estate29:47 Understanding the Dynamics of Debt Funds30:37 The Role of Lenders in Real Estate Projects30:58 The Importance of Perspective in Lending Decisions31:24 The Role of Passive Investors in Debt Management32:42 The Importance of Having a Plan in Real Estate33:21 The Role of Advisors in Real Estate Restructuring33:45 The Importance of Realistic Expectations in Real Estate34:49 Understanding the Risks and Opportunities in Real Estate37:07 The Opportunity in Loan Modifications37:12 The Role of Cash in Real Estate Projects39:43 The Importance of Diversification in Real Estate Investments42:40 The Role of Sponsors in Real Estate Investments42:48 The Importance of Timing in Real Estate Investments43:26 The Importance of Cleaning Up Problems in Real Estate49:22 The Importance of Enjoying the Journey in Real Estate
  • 423. 2024 Q1 Quarterly Market Update: -30% in values, cap rates vs interest rates, tenant fraud

    46:34
    In this podcast, we discuss the current economic climate, providing insights into investment strategies while leveraging a decade of experience in real estate investing. We touch base on the market downturn of 2021 to 2023, the possibility of a market bottom, and how these market cycles affect our future predictions. We underscore the value of diversification and the importance of developing a well-rounded investment strategy to weather market uncertainties. We also dive into how something external, like interest rates, can significantly impact the market and what investors can do to navigate these changes effectively. The discussion further includes an overview of challenges faced in commercial real estate caused by things like fraudulent tenant applications and inflation. Join us as we dissect and interpret these market trends, giving an in-depth review of how this shapes various asset classes and current investment theses.00:01 Introduction and Market Update Overview00:16 My Investment Journey and Market Observations01:14 The Importance of Diversification in Investments01:45 The Impact of Market Cycles on Investments02:15 The Evolution of My Investment Strategy02:33 The Importance of Trust in Investment Partnerships03:05 The Journey to Better Investment Opportunities03:32 The Importance of Adapting to Market Changes04:16 The Current State of the Economy and Market04:37 The Impact of Inflation on Investments05:48 The Importance of Understanding Market Cycles06:25 The Impact of Interest Rates on Real Estate Investments12:09 The Challenges of Fraudulent Tenants in Real Estate16:09 The Future of Commercial Real Estate37:37 The Importance of Taking Action in Investments45:00 Conclusion and Final Thoughts
  • 422. Ask Lane: Blackstone, China, diversification, saving taxes, market shifts, solo401k

    51:57
    Join me as we explore some interesting topics during this month's office hours Q&A session. We discuss the state of real estate, taking into account a report from Blackstone, where it revealed $200 billion of undeployed capital waiting for investment opportunities, marking a potential recovery in the real estate market. We also address the method of zigging when everyone else zags, the approach taken by contrarian or sophisticated investors. Other points explored include China's property slump, long-term population growth trends, and the value of investing in basic necessities. We also discuss investment strategies that revolve around real estate recovery, capital markets, tenant risks, commercial assets, and more. Lastly, we delve into a Q&A session discussing complexities of tax planning, retirement accounts, and overseas workers in CPA firms. Watch to understand more on income fund introduction and its benefit.00:02 Introduction and Overview00:07 Current State of Real Estate Market01:30 Comparing Real Estate Trends in Different Countries02:42 Transitioning from Small Deals to Institutional Investments03:52 Upcoming Market Update and Office Hours Announcement04:23 Introduction to the Income Fund04:31 Challenges in the Current Real Estate Market06:50 Shift in Investment Strategy08:07 The Impact of Institutionalization on Rental Property Ownership09:52 Introduction to the Steady Eddy Income Fund11:06 Diversification in Investment Strategies12:57 Approaching Taxes in Investment Strategies21:55 Exploring Other Investment Opportunities23:56 Understanding Self-Directed IRAs and Solo 401ks25:43 The Challenges of Self-Directed IRAs25:58 The Benefits of 401k Investments26:16 Understanding Solo 401k Providers26:39 The Importance of Business in Solo 401ks27:04 Investment Strategies for Different Net Worths28:00 The Concept of Legacy Money28:50 The Dilemma of Retirement Plans29:28 The Reality of Saving and Investing30:36 Strategies for High Net Worth Individuals31:05 The Importance of Concentrated Returns31:55 The Chessboard Analogy for Investment33:24 The Evolution of Personal Investment Strategies39:55 The Role of Connections in Wealth Building44:10 The Impact of AI on the CPA World46:58 The Advantages of Investing Through a Fund50:19 Current Market Cycle and Investment Opportunities