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The Wealth Elevator Podcast: Real Estate, Taxes, Investing
SPC080 - Moving from Single Family to Multifamily Investing
Hey guys I’m about to get naked here… I am personally making a shift in my portfolio to MFH syndications and wanted to see if you could help me find a buyer for my stabilized 10 property 1.2M portfolio.. 10 B Class properties in Birmingham/Atlanta/Indy (rents $900+/month)
I have selected a few potential turnkey rental sellers, however, I wanted to leverage my network and see if we can cut the broker commissions out of it. I’ll give you details on how you can get the P&L for the past few years on every property but first...A few PSAs.
- National Save for Retirement Week: October 15 – 21, 2017
- Scam emails to get information from more and more wholesalers
- Insurance want 5% deductible
My story - bought a couple of rentals in Seattle and 1031 exchange those to 10 SFH essentially turnkey rentals out of state in Atlanta, Birmingham, Indianapolis.
The other day I asked the question on BP… did not get much of a response since BP is a platform for newbies or active investors who flip or wholesale homes. SPC is a platform with secret Facebook groups of profession W2 employees with some cash and little time on their hands.
As I talked a few podcasts ago of a 10k repair, and multiple other headaches, my attitude for these SFHs are changing. Its kind of funny talking to the many of you that are setting up calls to get on the Hui Deal Pipeline Club to getting sent the deals I come across:
https://simplepassivecashflow.activehosted.com/f/3
Please go through the first 20 podcasts in early 2016 and love the story of this SFH buyer but then they are like WTF you are turning on us like a villain going to MFH.
"Find me an investor who has 50 SFHs and I will show you an investor who was invested under a rock and stoned himself to death with said rock" -Archimedes
After over a few hundred investor consultants over the past couple years here is what I tell W2 employees. For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool... but just remember why we got into this... To be free from a JOB. Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard working efforts of the middle class.
The straw that broke the camels back...
One of my Atlanta properties went over a changeover, tenant went MIA, went through process to evict - always start the time clock. Armed sheriff had to go and remove items on the street, dead cats were found, $5000 just to remove items, concern over the property could have been condemned. I got Proserve out of Atlanta to go in with radiation suits to clean it up, got a bill for $27K, wtf, some of the scope items were a little ridiculous like 500 dollars for gutters, 5000 for paint, and siding etc. I had them re-estimate it to give me the "dude I'm not a rich idiot price and got it lowered to 20K.
There is no such thing as turnkey. Check out these disaster photos… https://photos.app.goo.gl/R4PZLuOLGHONO5Rl2
Tony Robbins says “Things don't happen to you but for you.”
This was a sign from above which many of you guys hear from me that I sort of believe in. I was already mentally making the shift to making the move. Going down the quote from the repair company it was clear that a lot of the scope items were a bit excessive and the pricing was inflated. This was to be expected, for example paint on rooms that did not really need painting for $5000 or new gutters cleaning for $500.
If you want to see this document. Please leave me an iTunes review or send me an email referral to a friend and i'll send it over. Lane@SimplePassiveCashflow.com
Stages of trauma… denial, anger, sadness, motivation.
What I know now I am able to now only make a high yield but a fraction of the effort. None of this screwing around sending docs to my lender in the evenings for a couple months to get one dinky SFH to cash flow a couple hundred dollars a month then do it all over again 20-50 times… then to have it all taken away with a large capex or turnover repair.
Tony Robbins says “You destiny is shaped in your decisions.”
We waste so much time making decisions. A lot of people myself included get shiny object syndrome when really its an excuse.
This was my hero moment or burning of the boats moment to leave the security of a few thousand of passive cashflow a month to go liquid for a while. Hopefully Amazon will announce that Atlanta will be the new second HQ on their quest for world domination.
One drawback about selling is about repaying a lot of depreciation recapture and capital gains going back all the way from 2009. As you remember I traded my two Seattle properties for the majority of these rentals via a 1031 exchange. This is why I am not a fan of a 1031 exchange no matter what you hear on a surface level on other podcasts. Another reason to keep listening and please do me a favor and share it with friends because we go deep on this stuff because I’m learning everyday. I’ll repeat I don’t like 1031 exchanges because many of us are going to graduate in large syndications and that is not a like kind exchange. Executing a 1031 most likely means you are going into a lukewarm deal and lose all your negotiation power as a buyer. But i'll expand on this at a later date.
Picture of my back of envelope tax hit
I want to be very clear… If you are not an accredited investor, sophisticated, or have a large sum of liquify... single family homes is the starting point for you. Too many call me with lofty goals and have list of pro’s/con’s of MFH vs SFH, but you need to know the basics before you screw up the big stuff. You have to pay your dues. Set that barrier to entry lower because most people won’t do anything.
That said for a limited time I invite you listeners to make offers on my portfolio of SFHs “Lane’s Pac-10”. List price is 1.2M right about 1% Rent-to-Value Ratio (More info -http://simplepassivecashflow.com/podcast-3-rent-to-value-ratio/). Will need you to make sure you sign up for my Hui Deal Pipeline Club:
https://simplepassivecashflow.activehosted.com/f/3
I figure it was only fair if I showed you my naked photos… I mean P&Ls that you take a few minutes to complete a form with your investor profile on.
And if you are listening to this after 2017 and would like to see how frequency of rental checks, vacancy, late payments, repairs, cap ex across all my properties please leave me an iTunes review or send me an email referral to a friend and i'll send it over.Lane@SimplePassiveCashflow.com
Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios.
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:
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:
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:
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538. AI Stock Market Boom: Nvidia, S&P 500 Tech Exposure & Wall Street Lessons w/ Daniel Anderson
51:09||Ep. 538📚 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/clubFormer JPMorgan investment banker Daniel Anderson, founder of The Money Maniac, joins Lane to talk about what he learned on Wall Street and how he thinks about the AI trade today. They cover why so few professional traders beat the index, the barbell approach to balancing risk, and how high earners in New York actually spend and save. Then they dig into the AI build-out: hyperscaler spending, the returns those companies need to justify it, chip rental prices as an early signal, open source and Chinese models, and the power limits that could slow everything down. They close on hidden tech concentration in the S&P 500 and why it helps to define your exit point before markets get emotional.00:00 Nvidia is about 8% of the S&P 50000:09 Intro: Daniel Anderson of The Money Maniac02:28 From Cornell engineering to JPMorgan investment banking04:36 What investment banking is really like for new grads07:13 What Wall Street pros do with their own money08:11 Why so few traders beat the index11:06 The barbell strategy11:51 How high earners in New York spend and save16:22 Avoiding AI doomerism18:13 The AI build-out: LLMs, hyperscalers and data centers20:25 $750B in hyperscaler spending and the return it needs24:36 AI adoption is still early26:21 Frontier models vs. cheaper models27:53 Chip rental prices as an early signal29:29 Open source and Chinese AI models35:06 What could slow the AI trade39:05 US chips vs. China's energy advantage41:56 The picks and shovels of the AI boom44:39 Concentration risk and hidden tech exposure47:53 Matching risk to your timeline49:00 Setting your exit point before you need it50:22 Where to find DanielConnect 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.
537. Oil & Gas Lifecycle: Leasing Mineral Rights, Horizontal Drilling, Fracking
38:36||Ep. 537📚 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/clubThe host interviews Chris Kleiman, Senior Vice President at Gulf Coast Western, to walk through the oil and gas lifecycle from leasing mineral rights to plugging and remediation. Kleiman explains how companies lease (not buy) minerals, negotiate royalties (often 18–25%), secure surface access and damages clauses, and rely on seismic, existing field data, and permitting to plan drilling. The discussion focuses on the shift from higher-risk vertical wells to capital-intensive horizontal drilling and multi-well pads, fracking stages, flowback, water recycling, production profiles (ramp, plateau, decline), and terms like IP and BOE. They cover ongoing operations (pumpers, monitoring, artificial lift over time), midstream purchase contracts at the meter, the importance of infrastructure, pricing dynamics, continuous drilling clauses, and why Kleiman prefers well-funded operators and proven fields for investors seeking IDC tax benefits and long-term monthly distributions.00:00 Oil Gas Lifecycle Intro00:47 Leasing Mineral Rights02:43 Royalties Easements Paydays04:00 Geology Seismic Planning04:54 Horizontal vs Vertical Drilling07:43 Pad Construction Costs10:34 Spud Drilling Frack Flowback11:57 Depths Water Table Basics13:18 Production Scale Flush Curve16:28 Investor Metrics IP BOE Logs18:46 Oil vs Gas Mix Sales19:54 AI Drives Gas Demand20:33 Infrastructure And Market Access21:27 Artificial Lift Basics22:34 Rig Crews And Field Life23:51 Monitoring Wells Daily25:20 Water Recycling And Pressure Decline26:09 Investor Reports And Payout Lag28:42 Selling Oil Midstream30:31 Plugging And Site Remediation31:03 Fracking Terms And Myths33:10 Oil Price Reality Check34:29 Continuous Drilling Leases35:33 Picking Safer Deals37:07 Why Oil Investing Works38:24 Final Wrap And ThanksConnect 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.
536. Former IRS Agent Reveals How Audits Really Work (Gabe Hogan)
01:03:31||Ep. 536📚 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/clubA host interviews Gabe Hogan, a tax attorney and former IRS revenue agent, about how IRS audits work, why high-profile taxpayers are treated as examples to drive compliance, and why taxpayers—not preparers—are usually on the hook for penalties and interest. Hogan describes IRS bureaucracy, outdated systems, staffing declines, and increased hiring of non-tax personnel, plus the growing use of AI models that flag more returns amid a shrinking workforce. He explains how returns are graded with DIF scores, how agents and managers triage audit “stacks,” and why clear categorization and attaching substantiation (e.g., cost segregation reports) can reduce audit risk. They discuss common self-prep and CPA errors (TurboTax, misclassification, NIIT on business exits), documentation needs, audit escalation paths (agent, manager, Appeals, tax court), and strategies like the Augusta Rule when properly documented.00:00 Celebrity Audit Fear00:50 Wild Deduction Stories02:10 Meet Former IRS Insider03:36 From Bulls to Tax Law06:14 Credentials Alphabet Soup13:09 Taxpayer Liability Reality14:58 Why Not TurboTax18:24 Augusta Rule Done Right22:53 Breaking Up With Your CPA25:20 How Audits Get Picked27:13 DIF Scores Explained29:42 Stacks Managers and Backlogs33:59 Statutes and Audit Chess35:28 Audit Negotiation Tactics37:12 Audit Types And Escalation40:19 IRS Fear And Compliance42:14 Gray Area Tax Strategy44:45 Substantiation And Materiality51:23 Regional IRS Culture54:25 Politics And IRS Slowdown56:29 Guest Wrap And Contact57:14 Deal Desk Pitch01:00:11 Due Diligence Framework01:02:46 Final Call To ActionConnect 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.
535. Oil & Gas Investing: Iran, Strait of Hormuz, OPEC+, and the Shale Revolution (with Robin Mills)
45:19||Ep. 535📚 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/clubThe host interviews Robin Mills, founder/CEO of Qamar Energy and author of The Myth of the Oil Crisis, about oil and gas investing amid the Iran conflict and disruptions in the Strait of Hormuz. Mills argues the world has ample oil resources and explains how the US shale boom (enabled by horizontal drilling, fracking, and crude-by-rail) reversed decades of US production decline, while early environmental backlash was often exaggerated despite real methane and leakage issues. He outlines Venezuela’s collapse under Chávez/Maduro, subsequent US actions and sanctions changes, and how the Iran war has sharply reduced Hormuz flows from about 20 million bpd to far lower levels, partly offset by pipelines and China’s large strategic stockpiles. The discussion clarifies how OPEC/OPEC+ influences prices via production and spare capacity, why that leverage is constrained during the blockade, and reviews long-term demand threats from renewables and EVs, offset by petrochemicals and aviation, plus rising electricity needs for AI and renewed nuclear interest.00:00 Oil Investing and Iran01:03 Myth of Oil Scarcity02:44 Shale Boom Origins04:31 Fracking Breakthrough Timeline06:26 Majors vs Independents08:14 Fracking Environmental Backlash09:32 Venezuela Collapse and Comeback13:06 US Oil Policy Tightrope15:09 Iran War and Hormuz Blockade18:57 Global Price Shock and Winners20:12 Pipelines and What Comes Next22:07 Why Prices Stayed Contained23:27 Stalemate and Future Scenarios23:47 OPEC Price Myth24:16 OPEC Plus Explained26:43 Spare Capacity Basics28:25 US vs Saudi Flexibility30:37 China Oil Wildcard32:51 Investor Risks Volatility34:15 Renewables And EV Shift37:16 Future Oil Demand Drivers39:09 Nuclear Comeback SMRs43:00 Oil Outlook And WrapConnect 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.
534. Richard Duncan on Creditism, the AI Arms Race, and “Cognitism” | Macro Watch
49:03||Ep. 534📚 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/clubLane interviews economist Richard Duncan (author of The Dollar Crisis and The Money Revolution and publisher of Macro Watch) about how ending the gold standard in 1971 shifted capitalism into “creditism,” enabling massive US trade deficits, disinflation, falling rates, and explosive growth in debt and Fed balance sheet expansion that prevented depressions in 2008 and during COVID. Duncan contrasts post-2008 low inflation with post-COVID inflation driven by supply-chain blockages, and argues credit-driven liquidity has inflated asset valuations while accelerating AI breakthroughs and fueling China’s rise via persistent US deficits. They discuss the US–China AI and defense race, energy and nuclear power needs, and risks from higher inflation and rates amid stretched valuations. Duncan introduces “cognitism,” a coming system driven by exponentially expanding AI intelligence, and highlights sectors tied to AI, semiconductors, energy, data centers, robotics, and defense, plus key macro indicators to watch.00:00 Meet Richard Duncan00:44 Macro Watch Discount01:03 From Gold to Creditism05:09 Why Old Theories Fail06:28 Credit Growth and 200808:31 COVID QE and Inflation10:54 Debt Wealth and AI Boom14:00 China AI Arms Race17:12 Energy Nuclear and Chips22:07 Stretched Valuations Risks31:58 Cognitism Explained37:36 AI Skills and Sectors41:13 What to Watch Next47:40 Wrap Up and SubscribeConnect 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.
533. Underwriting Games in Multifamily Deals: Cap Rates, IRR “Magic,” and Capital Stack Red Flags
26:31||Ep. 533📚 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/clubThe speaker reviews real-life (anonymized) multifamily deal examples to help investors spot misleading underwriting and marketing tactics. Key topics include “manufactured” IRR boosts from aggressive refinance assumptions, unrealistic exit/reversion cap rates (and the difficulty LPs have validating prevailing market cap rates), and mismatches between large CapEx plans and modest rent-bump projections that may signal weak market fundamentals or hidden reserves. They discuss how cap rate compression can inflate paper returns despite being uncontrollable, why comparing discounts to 2021 pricing can be irrelevant, and how debt structure (fixed vs floating, term length, IO, extensions, prepayment penalties) affects refinance and exit risk. Additional red flags include preferred equity ahead of common equity, side-letter complications in the capital stack, and early distributions funded from reserves rather than operations, which can mask weak DSCR.00:00 Cap Rate Question Setup00:42 Market Shift Overview01:21 Manufactured IRR Tricks03:32 Reversion Cap Rate Games04:22 Finding Real Cap Rates07:34 Rent Bumps Vs CapEx09:35 Discount Hype Reality10:48 Cap Rate Cycle Bets11:58 Debt Structure Risks13:24 Stacking Red Flags14:54 Preferred Equity Ahead17:23 Return Of Capital Trap19:11 DSCR And Fake Cashflow20:28 Cap Compression Review21:53 AI Deal Checklist24:52 Capital Stack Exceptions26:25 Final Q And WrapConnect 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.
532. Young Money with Jack Raines: How did it hack career growth for young professionals
52:02||Ep. 532📚 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/clubThe episode features Jack Raines, author of “Young Money,” discussing how growing up with money provides insider knowledge about elite career paths, target schools, networks, and promotion moves that can lead to high incomes, while students from poorer backgrounds often must choose safer banking or consulting roles to repay large loans and can’t take startup risks. Raines shares his own path from South Georgia and Mercer University football to Columbia Business School and venture capital, emphasizing education, early “prestige stamps,” and intentional living that matches life stages. The conversation explores status pressure on wealthy kids, anxiety and expectations in elite environments, and how socioeconomic differences can complicate relationships and marriage. It closes with Raines promoting his book and the host warning investors to avoid inexperienced operators by relying on trusted networks and semi-institutional sponsors.00:00 Money Game Secrets01:22 Meet Jack Raines03:01 Small Town to VC03:51 Entrepreneur Family Roots06:58 Prestige and Network09:49 Leaving the Southeast11:31 Target Schools Reality13:11 MBA as Golden Ticket15:04 Pedigree for Family Firms17:21 Spectrum of Wealth18:32 Rich vs Poor Options21:24 Capital and Quarters22:36 Merit and Social Circles25:39 Status Pressure on Rich27:19 High Achiever Burnout27:59 Pressure of Privilege29:03 Expectations and Happiness Gap30:18 New York Norms Shift31:39 Parents and Independence32:59 Stage Specific Living35:30 Funding Kids Choices37:59 Socioeconomic Marriage Friction43:01 Money Mindsets in Couples45:08 Young Money Plug47:25 FOOM Investing Lessons51:16 Community and RelationshipsConnect 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.
531. Cost Segregation: Accelerate Depreciation & Unlock Tax Savings for Rental Property Investors
39:30||Ep. 531Do a cost seg go to theWealthElevator.com/costsegLane hosts a monthly investor “lunch and learn” webinar replay on cost segregation with guest AJ Lyons of DIY Cost Seg, explaining how cost seg reclassifies non-structural property components into shorter 5- and 15-year lives to accelerate depreciation versus standard 27.5-year (residential) or 39-year (commercial) schedules, often pulling a significant portion of deductions into year one, especially when 100% bonus depreciation applies. They discuss who benefits (rental owners, short-term rentals, commercial, value-add renovations), timing (including doing studies after purchase via amended returns or Form 3115), CPA coordination, potential use cases like short-term rental material participation or real estate professional status, depreciation recapture considerations, pricing and fast report delivery, and audit defensibility and optional audit support. Lane also announces an accredited investor retreat Jan 15–17, 2027 and directs viewers to thewealthelevator.com/costseg and related resources.00:00 Depreciation Big Picture00:56 Retreat And Webinar Intro02:15 Lunch And Learn Setup03:37 Cost Seg Basics Explained06:27 Bonus Depreciation And CPA Fit09:39 Not A Loophole History17:35 Who Benefits And Pricing21:11 Fast DIY Process Walkthrough23:26 Audit Risk And Support28:01 Timing And Catch Up Rules30:24 Q And A Recapture Value38:39 Wrap Up And Next Steps
530. Asset Protection for Accredited Investors: LLCs, Holding Companies, and Hybrid Trusts w Doug Lodmell
55:30||Ep. 530📚 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 webinar, asset protection attorney Douglass Lodmell explains how investors and high-liability professionals should structure entities to reduce exposure, contrasting inside vs. outside liability and why LLCs are commonly used to hold rental properties. He discusses when to silo “dirty” assets like rentals and operating businesses, noting janitorial or similar high-risk businesses are typically kept separate and often run as an LLC taxed as an S-corp, while safer assets (brokerage accounts, stocks/bonds, many LP interests) can sit under a holding company such as an asset management limited partnership (AMLP). Lomel gives a rule-of-thumb of roughly $250k–$500k equity per rental-property LLC and emphasizes insurance as the primary defense. He explains why passive LP investors generally have no personal liability beyond their investment, outlines jurisdiction choices for LLCs vs. holding companies, and details adding an asset protection trust—favoring a hybrid “bridge trust” that can convert offshore if needed—along with considerations for homes, life insurance, crypto, and avoiding fraudulent transfers and tax-scheme promoters.00:00 LP Liability Shield00:35 Webinar Setup01:18 LLCs and Liability Types02:57 Why Passive LPs Win04:21 Building a Holding Structure07:28 Best States for Entities09:20 How Many Properties per LLC13:45 Siloing LP Interests18:02 Dirty Assets and Side Silos20:25 Doctor Lawsuit Scenario21:40 Single Member LLC Tax Simplicity23:55 Trust Layer and Collection Defense27:03 Discovery Costs Reality27:48 Settlement Leverage Assets30:21 Negotiation Trump Card34:15 Trust Options Offshore38:04 Bridge Trust Sweet Spot40:57 Layering LLCs Over Time42:10 Insurance And Homestead47:24 Crypto Placement Protection49:17 Finding Hidden Crypto51:30 Avoid Tax Trust Scams55:12 Wrap Up And ContactConnect 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.