All Forum Posts by: Lane Kawaoka

See past events here http://simplepassivecashflow.com/events

Back in 2018, I sold 7 single-family homes and faced 200k of capital gains. But guess what? I just offset it with 200k of passive losses from diving into syndications. 

For those new to the game, the 1031 exchange is basically a way to postpone the taxes on your property's capital gains. The catch? You've got 45 days to pinpoint a replacement property and then 180 days to seal the deal which is really annoying and when you go into a value add syndication you are stuck in the same predicament again.

I'd only recommend a 1031 as a last resort because eventually, you'll have to pay those taxes. The only exception might be if you're planning to take it to the grave and benefit from the step-up basis. 

I began my investment journey in Birmingham back in 2012 and got four rentals. By 2015, I took a step back because the market felt a tad overheated.

Steer clear of the Endlsey in Birmingham; it's a bit rough around there.

Back in the day 2015, many were eyeing North East Birmingham. Getting permits there are a nightmare, especially for out-of-state investors like us.

Around 2018, I shifted my focus to Huntsville. Investing in apartment syndications and private placements there seemed like a smarter move. Huntsville's vibe is more up-and-coming. Just compare the population growth! Huntsville's numbers have even surpassed Birmingham's. 

Sounds like you've got a lot on your plate. Passive investing might be the route for you. 

I'd suggest investing directly with the operator. Especially after seeing so many people get burned recently with deals plummeting 10-20% due to market appreciation due to cap rates/interest rates. It's clear there's a difference between genuine operators and those just out to raise capital.

Be wary of third-party brokers. When things go south, they often vanish without any accountability. They're not the ones left holding the bag or being the loan guarantors.

At the end of the day, there are many marketers who simply get paid to raise capital. Stay informed and choose wisely!

Would you be open to coming on podcasts? Cant solict but would be interested in learning more.

When I had rentals/turnkeys I use Rav Wilson.

Then I sold them all and went into syndications

Accredited investors only

email [email protected]

Correction this is in Orlando just south of MCO

Accredited investors only

email [email protected]

@Troy Baack Back in 2012, I dipped my toes into turnkey investing with a property in Birmingham, Alabama. Bby 2015, I had 11 of these properties under my belt. 

Honestly, turnkey investing is a solid starting point, especially if you're not an accredited investor. The BRRRR strategy it's just... too much effort, too much risk. And if you're sitting on a net worth over half a mil or earning above $150k annually, it might not be the best use of your time.

Now, not all turnkey properties are created equal. Always opt for a third-party property management company and find your own tenant. Every time I let the turnkey provider choose a tenant, it was a disaster. They're just looking to fill the space, not necessarily with quality tenants.

In terms of markets, I'd steer clear of primary ones. While I've had luck in places like Birmingham, Atlanta, and Indianapolis, they've become pricier. I'd be wary of places like Detroit and Baltimore. It's definitely trickier to navigate turnkey investing now than it was in 2015. As for sourcing properties, there are some big names out there. But remember, they might charge you a premium (10-20k over what the property is actually worth). If you're looking to save a bit, maybe find a smaller house flipper. It's a balance of risk and reward.

For newbie turnkey investors, it might make sense to pay a bit more for a smoother experience. But be cautious about overpaying. If you're banking on property appreciation without adding value, you need to get it at the right price. That's partly why I've shifted my focus to apartments.