All Forum Posts by: Lane Kawaoka

I'm not there yet but I quit my crappy ex employer and not at a place I really like. It's not worth that extra 5-10k a year when you can pick up a rental to supplement it. I'm open to help others but it's not an easy thing.

I heard that a lot of money is coming from China is that trickling down from BC since Bellingham is so close? I also hear motherland China does not like all their money going overseas so they are considering a 5000 max cash export rule.. Any thoughts?

Some thoughts that came out of my passive investor meetup last night in Seattle:

Although you get work done at 30% of the of the licensed bonded insured market price also include a few items..

+20% for the warranty (if it breaks good luck trying to get them to remediate the situation) +20% for the workers comp and liability risk fact - will you be able to submit paperwork saying you were not in negligence if someone got hurt due to faulty or non faulty work..
+25% I am assuming you are not sending them a w9 and therefore not getting the tax deduction

30+20+20+25=95%

Is it really worth it when you evaluate the issue holistically?

*I know the math is funny and I commend you for seeing through the funny data analysis but you get the point

1) Pick market or pick rehabber..
2) pick property that rents for at lease 1% and at least 200/ month CF
3) secure team members such as property management
4) rinse wash repeat

Best advice ever, do you make t-shirts? can you make that shirt for me on the 50/50 blend American apparel tee.. If I left anything out PM me..

What is the rent and acquisition costs?

Maybe next month. 1st Thursdays.

A little last minute but I'm putting together a small meetup for other passive investors in Seattle. It's a little tricky to hit a max headcount of 8 with the flake-y nature of Meetup, but I really wanted to get into the nuts and bolts of our topics and foster genuine relationship/networking that is only possible with a small group. Please no brokers, agents, wholesellers, or wholesellers posing as investors (you know who you are).

Before I start restricting membership, charging membership buy-ins to keep the tire kickers away, and asking a million pre-membership questions, I wanted to leave an open door to the pre-qualified BP Nation. ONLY FOR A LIMITED TIME! ;) Just kidding, there will be no sales or Guru pitching.

Maybe we can do spin-off mastermind for more advanced investors if there is interest. But I'm and introvert and I like it when there is less people.

Please RSVP below:

http://www.meetup.com/Passive-Cashflow-w-Real-Esta...

I don't know what really went on in this transaction but I don't feel it is right for someone to post and air their dirty laundry on here right away.. A lot of these turn key guys are medium mom and pop companies that are just trying to make a good living and work on volume.. Not every deal is going to work out but it is left to the TKP and buyer to work it out in a cordial manner. A good TKP will have a integrity fund to pay out and fix small issues to keep a good relationship but sometimes it can get ridiculous.. @Ken Corsinicrew is helping me with an issue I am having on one of my properties in Atlanta but hey I bought 5 from him and I plan to buy more.

This really reminds me of how some people who review on Yelp/Urbanspoon will extort the business for a free drink or appetizer in exchange for a good review. I recall a simular post a few months ago, @Ryan Mullinsorry for the PTSD flashbacks, I don't you were at fault. Once again I don't know if the buyer (who has only posted 3 times on BP) was clear in their expectations, documented, and followed up properly or if the TKP was wrong. But I do know there are a lot of people who will vouch for these providers and some customers are ridiculous to work with (the 20% who give 80% of the headaches). Yes you know that person in the grocery check out line with the millions coupons and still using a checkbook. Just makes me a little irritated because when people slander the vendors and become the squeeky wheel it ultimately pushs up the operations costs for the other customers such as myself - so not taking sides this is just a N=1 case.

Brandon Riahi I don't entirely agree with "Home should cost less than $100,000. This will stretch your dollars and help diversify among more homes." It depends if your plan is to buy more than 10 then as you know you can only get 10 Fannie Mae loans it would be silly to waste your finite loan slots on silly 60-70k properties. Plus your lenders will go crazy with you pain in the butt loans and your fixed lending costs will be a higher percentage.

@Brian Kelley@John Dirgo Deweese@Joseph Johnson@Fei Guo@Heather R.@Stefan Knipp@David Truong@Steve K.@Michael D.@Mike Lisenby@Rhonda C.@Roger Vi@James Alberding@Matt A.

@Matt A.

@Michele Fischer@Jay HinrichsHey you two BP Celebrities, do you know other Seattle passive folks?