Tue, 28 November 2017
‘At the end, you’re trying to find your highest and best use. How can you effectively create value based on your limited time?’
Perhaps you’re interested in getting into multifamily, but syndication is not for you. If your strengths lie in networking and raising money, you can get into apartment building investing as a general partner who specializes in soliciting capital.
Based in Hawaii, Lane Kawaoka still works his day job as an engineer, but he is quickly growing passive income streams via multi-family investing. After graduating from college with a degree in engineering, he got a job in construction management that required a lot of travel. In 2009, Lane bought a primary residence in Seattle—but he was never there. He decided to rent out his A-class property, and the cashflow generated from that enterprise inspired him to purchase more.
From there, Lane expanded his single-family portfolio, eventually discovering turnkey rentals. Today he is pursuing multi-family, recently landing his first 190-unit deal. But Lane is working deals from a different angle, coming in as the general partner who specializes in raising capital. On this episode, he shares his unique multi-family strategy, explaining how his Simple Passive Cashflow blog and podcast position him as a thought-leader in the space and afford the opportunity to network. Listen in to learn how Lane is compensated as the money-raiser, and hear his advice for aspiring entrepreneurs about building a platform that establishes your credibility as a multi-family investor!
[2:30] How Lane got into real estate
[6:11] Why Lane made the shift to multifamily
[7:33] Why Lane was slow to get started in multi-family
[8:33] The four parts necessary to do a multi-family deal
[9:24] How Lane leverages his blog and podcast
[10:20] Lane’s approach to finding deals
[11:58] Lane’s first multi-family deal
[13:36] Lane’s multi-family strategy
[15:09] How Lane is compensated as the money-raiser
[15:55] Lane’s strength in accessing capital
[17:36] Lane’s multi-family strategy moving forward
[19:37] Lane’s advice for aspiring entrepreneurs
Connect with Lane Kawaoka
Free eBook: The Secret to Raising Money to Buy Your First Apartment Building
Direct download: MB_086__Become_a_Money_Raiser_to_Quit_the_Rate_Race__With_Lane_Kawaoka.mp3
Category:Commercial Real Estate -- posted at: 12:41pm EDT