26. Evaluating the Deal and Using Your Network to Screen the Sponsor with Lane Kawaoka
Lane Kawaoka owns over 4,500 rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $600 Million dollars of real estate by syndicating over $70 Million Dollars of private equity since 2016. Lane partners with investors who want to build their passive portfolio but are too busy to invest actively. He is also the host the Simple Passive Cash Flow Podcast. In this episode, Lane talks about his unique way to screen sponsors, the metrics he uses to evaluate deals and his three rules of investing.
Lane talks about how he realized that turnkey rentals were not passive, so he switched to syndications. He mentions that multifamily workforce housing is his favorite asset class because it is recession proof. He is also looking at life settlements, oil and gas, mobile home parks and self-storage facilities for future investments.
Lane relies on his network when evaluating a new sponsor and usually screens the deals before the operator, so he will not need to talk to the operators that have deals that don’t match his metrics.
Lane talks about his three rules of investing – income, leverage, and tangible value – which are all part of real estate investing. He also mentions Infinite Banking and how that can help your overall investing strategy.
Podcasts he recommends:
Simple Passive Cash Flow Podcast
Real Estate CPA with Brandon Hall
Book he recommends:
The Millionaire Real Estate Investor by Gary Keller
To connect with Lane, you can email him at lane@simplepassivecashflow.com or www.simplepassivecashflow.com.
If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.
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