The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Topics that are covered in this episode:800 houses in 2006 MFH was founded in 2008 crashMFH has all the repair crews in houseFocus on cash flowIn 2008 rents did not go down but the vacancy didTwo months is the typical turnoverIn the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flowFailures are seminars that teach usDon't flip in the high endDon't get a MFH 5 year baloon, instead get a 7-10 year termContinue to learn and make your own determinationBe conscious of your podcasts your listen to because that is the way you will goVAs 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.com501C3 tax status for Non-Profit entityCheck 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/fund2) Join a Social Club: Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube4) Once you have gone through the majority of podcasts feel free to sign up for a chat:20 Minute Chat with Lane5) 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=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) 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 Hosted on Acast. See acast.com/privacy for more information.

Topics you will learn about in this episode:800 houses in 2006 MFH was founded in 2008 crashMFH has all the repair crews in houseFocus on cash flowIn 2008 rents did not go down but the vacancy didTwo months is the typical turnoverIn the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flowFailures are seminars that teach usDon't flip in the high endDon't get a MFH 5 year balloon, instead get a 7-10 year termContinue to learn and make your own determinationBe conscious of your podcasts your listen to because that is the way you will goVAs is calling Apartment Owners - Use county assessors office then Secretary 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.com501C3 tax status for Non-Profit entity Hosted on Acast. See acast.com/privacy for more information.

Wait, catch yourself if you are feeling sorry for me... Setback merely teach you about yourself or the systems you use. It is an opportunity for growth! And in real estate is a capital improvement that is bolstered in the future.Costs incurred to date are as follows:Attorney's Fees $268.30Eviction Services $1,310.00Total $1,578.30Haul, Disinfect & Clean$4,800.00Total $6,378.30(Less) Security Deposit $1,295Total Out-of-Pocket Exp:$5,083.30 Always underwrite and double check you have the buffer!---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/fund2) Join a Social Club: Simple Passive Cashflow Seattle Simple Passive Cashflow Hawaii Simple Passive Cashflow Portland Simple Passive Cashflow Bay Area Simple Passive Cashflow So CalSimple Passive Cashflow East CoastSimple Passive Cashflow Central USA3) Subscribe to Simple Passive Cashflow Podcast!Google Android Phones // Apple iPhone // Youtube4) Once you have gone through the majority of podcasts feel free to reach out: 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=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) Please leave a review for the podcast HERE.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. Summary of every Simple Passive Cashflow Podcast. Hosted on Acast. See acast.com/privacy for more information.

There have been a few Private Money lending deals coming through the deal pipeline. Make sure you are on the list.What is it?It is probably to first strategy people should try to get their feet wet. And for people with skeptic spouses it shows how the checks come in.Any time someone wants to borrow money from an investor to undertake a project. It can be short term or long term.Great strategy for a sellers market1st lien 2nd lien position9-15% returns or 10-20% returns on 2nds, wide rangeBased on relationshipsLoan to Value LTV - 50-75%Home flipper looking for 70% LTV and they also include rehab costsDon't just look at the rate of return - Subjective nature development or cashflow - what is it based on flip to rental or flip to retailWhat is your downside if the flipper does not perform - what can it rent for? Seattle vs Birminghamdeed in lieu - work and headacheAnother option is crowdfunding sites however there is another person in the middle making feesyou are not going to made substantial wealth with this method but a great way to keep your liquidity movingnot everyone's situation is the sameIf you are still trying to grow your wealth you need to get into equity deals and not debt dealsDon't just chase the high IRRsSPC054 - Fundamentals - Debt Deal vs Equity Deal#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:simplepassivecasfhlow.com/coaching Hosted on Acast. See acast.com/privacy for more information.

#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:simplepassivecasfhlow.com/coaching Hosted on Acast. See acast.com/privacy for more information.

Whitney Nicely went from no investments (or strategies) to 19 houses, 19 apartment units and 7 chunks of land in less than three years all bringing monthly money to her bank account on auto pilot. She has traveled the United States speaking on stages, teaching her simple strategies, and meeting with other successful real estate investors- and still buying houses the way she teaches others. Since 2016, Whitney has led and trained hundreds of future real estate rock stars to grow their portfolios, collect checks and achieve financial freedom. 100's of real estate newbies are securing leads, signing deals and scaling their dream incomes through Whitney's REI Rock Star Program. Take the first step by joining Become a Real Estate Rockstar with Whitney Nicely on Facebook at WhitneyNicely.com/group#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:simplepassivecasfhlow.com/coaching Hosted on Acast. See acast.com/privacy for more information.

Looking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://simplepassivecashflow.activehosted.com/f/3Join a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:simplepassivecasfhlow.com/coaching Hosted on Acast. See acast.com/privacy for more information.

"#LaneHack #JustTheTipCheck 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/fund2) Join a Social Club: Seattle: https://www.facebook.com/groups/SPCHUISEA/ Hawaii: https://www.facebook.com/groups/SPCHUI808/ Portland: https://www.facebook.com/groups/SPCHUIPDX/ Bay Area: https://www.facebook.com/groups/SPCHUIBAY/ So Cal: https://www.facebook.com/groups/SPCHUISOCAL/ East Coast: https://www.facebook.com/groups/SPCHUIEAS/ Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google play. Google Android Phones: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_Podcast Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ4) Once you have gone through the majority of podcasts feel free to sign up for a chat:https://calendly.com/simplepassivecashflow/20/5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/36) I am partnered with a start-up Virtual Assistant firm out in the Philipines. Shoot me an email Lane@simplepassivecashflow.com if you want to try out a 10-hour free trial.More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) Join a Local Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/8) Please leave a review for the podcast!itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795349) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching 10) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course: https://simplepassivecashflow.activehosted.com/f/1Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts" Hosted on Acast. See acast.com/privacy for more information.

"Happy Independence Day!It is currently my 10 year anniversary of working and being a productive adult in the workforceSomewhere along the way I found my way into this real estate investing and dedicated my efforts to building passive streams of income to do what I want, where I want, with who I wantAnti Rich Dad Poor Dad will call us undisciplined and with poor work ethicI have collected the data points of over a hundred calls with investors and have found that it is rare that someone is able to align what they are good at and what they are passionate aboutIf you like what you do (I mean Saturday morning like what you do) consider yourself luckyI use the analogy of a sonicare toothbrush and resonance frequency10 ways to appear engaged at your day job with you are building passive streams of income1) walk fast and move around frantically - general work areas2) don't tell people where your are going on vacation (ie going to Dallas to look at apartments)3) don't take calls in your car where people can see you4) don't drive a fancy car to work5) attempt to look like your bring a brown bag to work... Say something like you are being healthy6) invest in a small compact laptop to analyze deals and emails & Google Drive!7) use calendar scheduler and VAs to schedule your calls around your work8) when asked why you are not investing in the company sponsored 401k just say you are a government conspiracy folk... It will be easier to understand9) just nod and say yes!10) when you purposely keep your workspace cluttered so you look busy and appear indispensable(Just for fun!)" Hosted on Acast. See acast.com/privacy for more information.

#LaneHack #JustTheTipCheck 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/fund2) Join a Social Club: Seattle: https://www.facebook.com/groups/SPCHUISEA/ Hawaii: https://www.facebook.com/groups/SPCHUI808/ Portland: https://www.facebook.com/groups/SPCHUIPDX/ Bay Area: https://www.facebook.com/groups/SPCHUIBAY/ So Cal: https://www.facebook.com/groups/SPCHUISOCAL/ East Coast: https://www.facebook.com/groups/SPCHUIEAS/ Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google play. Google Android Phones: https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iwlprtpxn4qim36w6buokzgg6ha?t%3DSimple_Passive_Cashflow_Podcast Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ4) Once you have gone through the majority of podcasts feel free to sign up for a chat:https://calendly.com/simplepassivecashflow/20/5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/36) I am partnered with a start-up Virtual Assistant firm out in the Philipines. Shoot me an email Lane@simplepassivecashflow.com if you want to try out a 10-hour free trial.More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) Join a Local Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/8) Please leave a review for the podcast!itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795349) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching 10) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course: https://simplepassivecashflow.activehosted.com/f/1Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts" Hosted on Acast. See acast.com/privacy for more information.