🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, we dive into the impact of mindset and money in real estate investing. We compare the past caste system to modern financial divides and share personal experiences transitioning from single-family homes to apartments. Learn the importance of collaboration over competition and gain actionable insights into networking with an abundance mindset in the real estate community. Concluding with a practical action plan, this talk encourages building synergies and fostering helpful relationships.

00:00 Introduction and Importance of Reviews

00:02 Mindset and Money: The Modern Caste System

00:20 Starting in Real Estate: My Journey

00:36 Challenges in Wholesaling and Bird Dogging

01:03 Competition in Rental Investments

01:20 The Scarcity Mindset in Real Estate

01:39 Shifting to a Collaborative Approach

01:57 The View from the Top: Investing in Apartments

02:19 The Abundance Mindset and Success

02:57 Action Plan for Real Estate Success

03:30 Conclusion and Farewell

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, we explore essential reads from a passive investor's perspective. The host shares recommendations, including four critical real estate books: 'Rich Dad Poor Dad', 'Millionaire Real Estate Investor', 'Cashflow Quadrant', and 'Equity Happens'. Additionally, three top business books are suggested: 'The Four-Hour Work Week', 'E-Myth', and 'Think and Grow Rich'. The episode emphasizes the importance of taking action alongside reading and offers an action plan to get started in real estate investing. Visit simplepassivecashflow.com for more resources and to support the site through affiliate links.

00:00 Introduction to Passive Investing

00:25 Essential Real Estate Books

02:21 Key Business Books for Investors

03:27 Taking Action Beyond Reading

04:38 Final Thoughts and Resources

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, we dive deep into Capital Expenditures (CapEx) assumptions for property underwriting. You'll learn what CapEx is and how it differs from repairs and maintenance. We discuss three methods to calculate CapEx: using one month's rent, using 10-15% of your income, and creating a lifecycle cost analysis spreadsheet. The host also shares tips on financing upfront repairs to manage costs and ensure long-term savings. Don't miss the valuable action plan provided at the end to help you accurately reflect CapEx in your property analysis.

00:00 Introduction to Capital Expenditures (CapEx)

00:10 Understanding CapEx and Its Importance

00:52 Calculating CapEx: Three Methods

01:17 Pro Tips for Managing CapEx

02:01 Building Your Own CapEx Spreadsheet

02:39 Final Thoughts and Action Plan

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, Lane discusses his decision to sell his Seattle rental properties despite the recent market appreciation and tech money influx. He explains the concept of Return on Equity (ROE) and its importance in evaluating real estate investments. Lane shares specific metrics and calculations, revealing that a 2% ROE from his Seattle properties was insufficient compared to other investment opportunities. He emphasizes the need to analyze and leverage 'lazy money' in real estate portfolios to achieve better returns. Lane concludes with actionable advice for investors to evaluate their properties systematically to optimize financial performance.

00:00 Introduction and Podcast Overview

00:06 Seattle Real Estate Market Insights

00:26 Evaluating Property Performance

00:49 The Concept of Return on Equity (ROE)

01:42 Decision to Sell and Reinvest

02:28 Action Plan for Investors

02:46 Conclusion and Call to Action

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, we discuss the importance of balancing work and play, using 'Settlers of Catan' as a metaphor for real estate investing. The video explores common regrets of those nearing the end of their lives and the necessity of having fun. We delve into the parallels between the strategy of the game and real estate investing, breaking down how different stages of investments mirror the game's resource requirements. Practical investment tips and exit strategies are also provided, along with an action plan to avoid analysis paralysis and encourage finding a mentor.

00:00 Introduction: A Different Kind of Topic

00:07 The Importance of Play

00:44 Settlers of Catan: The Game Everyone Should Know

02:05 Real Estate Investing Lessons from Catan

03:05 Strategic Investing: Planning for the End Game

03:19 Common Pitfalls and Lessons Learned

05:10 Action Plan and Conclusion

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.

00:00 Introduction and Podcast Promotion

00:32 Personal Real Estate Journey

00:49 Understanding Turnkey Investing

01:49 Turnkey Providers: Pros and Cons

04:43 Finding Reliable Turnkey Providers

10:40 Alternative Buying Methods

13:27 Investment Strategies and Tips

17:19 Listener Questions and Advice

21:19 Conclusion and Final Thoughts

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.

00:00 Introduction and Podcast Promotion

00:32 Personal Real Estate Journey

00:49 Understanding Turnkey Investing

01:49 Turnkey Providers: Pros and Cons

04:43 Finding Reliable Turnkey Providers

10:40 Alternative Buying Methods

13:27 Investment Strategies and Tips

17:19 Listener Questions and Advice

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, the speaker discusses the rent to value ratio, a crucial metric for evaluating rental properties and investments. By dividing the monthly rent by the purchase price, investors can quickly filter potential properties, much like swiping on a dating app. The speaker explains the importance of focusing on properties with around a 1% rent to value ratio, while cautioning against low-priced properties with seemingly attractive ratios due to potential tenant issues and higher vacancies. Personal anecdotes highlight the benefits of investing in higher-class areas. The speaker also touches on other metrics like Cap rate and gross rent multipliers, advises on suitable neighborhoods, and underscores the need for a balanced portfolio. Key tips include creating a spreadsheet to vet properties and understanding the nuances in different property classes.

00:00 Introduction to Rent-to-Value Ratio

00:17 Calculating Rent-to-Value Ratio

00:40 Using Rent-to-Value Ratio as a Filter

01:47 Comparing Different Properties

02:14 Challenges with Lower Priced Properties

02:57 Advantages of Higher Priced Properties

03:37 Personal Strategy and Loan Considerations

04:14 Alternative Metrics and Graph Analysis

05:07 Understanding Market Trends

06:26 Personal Philosophy and Investment Tips

07:42 Diversification and Market Conditions

08:58 Final Thoughts and Action Items

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.