The Wealth Elevator Podcast: Real Estate, Taxes, Investing

House hacking is a legit way to get started in real estate investing, especially if you're in your 20s. But as you mature and increase your net worth, you'll realize that there's a more 'comfortable' way of reaching your goal towards FI (financial independence).In this podcast, Andrew Kerr, founder of Financial Independence by Real Estate Investing or FIbyREI, talked about how he started house hacking, some strategies he used, and how to reach FI status.Let's get moving and talk it over to see what we can do to move you forward to financial freedom.Visit https://simplepassivecashflow.com/club to start. Hosted on Acast. See acast.com/privacy for more information.

Venturing out on your own and seeing how far you’ll get is one way towards freedom, and it’ll be easier if you follow the simple passive cash flow path.In today’s podcast, we’re joined by Eric, an entrepreneur who’s used to building something on his own, and during the start of the pandemic, he saw the light of real estate investing. Listen and learn about his journey. Join us in our future events and meet other passive investors. Visit https://simplepassivecashflow.com/events Hosted on Acast. See acast.com/privacy for more information.

In the October 2022 Monthly market update, Lane talked about the booming renters market, why millennials can't own primary residences at the moment, and how real estate investors (and business investors) are at an advantage during this time. If you're confused by what you see in the news and if you're a good saver, join our club at https://simplepassivecashflow.com/club.Be with people who have the same mindset as yours! Hosted on Acast. See acast.com/privacy for more information.

Becoming your own bank is one of the strategies that the wealthy do.When you do infinite banking, it leverages the benefits of participating in whole life insurance to help you achieve your net worth and goal as a real estate investor.  It’s time to let go of the middle man (bank) and explore infinite banking to start investing in future deals. Visit https://simplepassivecashflow.com/bank to learn more. Hosted on Acast. See acast.com/privacy for more information.

Real estate investors follow a path beneficial for them at their present status.Will there be an instance when they will change their investing preference?Absolutely!Lane and Aaron talk about transitioning from buying turnkey rentals to becoming syndication investors in this coaching call.Buying single-family homes is an excellent way to start as an investor, but later on, you’ll realize the disadvantages it has, like being your own broker (besides your actual job).So, as you dig deep, you’ll start to understand that there are better and more productive ways to invest in real estate.Join us in future events, such as the annual retreat and property visits.To stay updated, visit https://simplepassivecashflow.com/events. Hosted on Acast. See acast.com/privacy for more information.

Clint Coons, an attorney from Anderson Law Group specializing in asset protection, joins the discussion to emphasize the importance of safeguarding your assets as a real estate investor. He shares real-life examples of risks property owners face and outlines effective strategies, like using LLCs, to shield personal assets from lawsuits. The conversation dives into navigating K-1 forms, IRS audits, and the complexities of tax filings, stressing the need for tailored planning and transparency to mitigate financial exposure in high-liability scenarios.

YouTube has been used by influencers and brands worldwide to connect with their audience. But will investing in YouTube give you passive income?In this episode, we’re bringing in additional ideas on how you can maximize your YouTube use and if it’s a good investment. Note: In any investments, do your diligence and do not enter any deal without thoroughly studying it.Want other investment options? Learn from other investors by joining our inner circle at https://simplepassivecashflow.com/journey. Hosted on Acast. See acast.com/privacy for more information.

The -Ber months once again!In this month’s monthly market update, we’ll talk about the recession, how the status in Ukraine affects the economy, supply chain disruption in China, rent rates and what drives them, and more mainland headlines that impact how investors should think.To get access to past monthly market updates, visit https://simplepassivecashflow.com/investorletter. Hosted on Acast. See acast.com/privacy for more information.

Sports help children (and people in general) to have a healthy lifestyle early on. Not only that, sports teach them discipline, grit, confidence, persistence, and teamwork.In this episode, we are joined by Linda Flanagan, a freelance journalist, researcher, and former cross-country and track coach. Now the author of Take Back The Game book. She reveals how youth sports have become a significant business these days, discusses the money behind it, and, sadly, how it stresses children and families today. Parenting is challenging, and we all want the best for our children without stressing them out. Join us at our events to learn about investing, and more!Visit https://simplepassivecashflow.com/events Hosted on Acast. See acast.com/privacy for more information.

Will your Triple Net investments can help you scale more than being in syndication?In this podcast, Ron, a commercial real estate lawyer, did the SFR investment and Triple Net. He has never invested in syndications. But then, he started to realize that there is a loss when there’s no rental fee increase in the lock-in lease period of tenants. And he has this question, “how to grow and plan for the next phase”.Watch and learn how the scenario and solution unfold.Meet people and other passive investors in our family office ohana mastermind. Check out https://simplepassivecashflow.com/journey. Hosted on Acast. See acast.com/privacy for more information.