![]() The “Limited Partners” are the passengers in the coach section of the plane – that’s anybody who put in $25,000-$50,000 as a passive investor.They put in their own money and have their brand and reputations on the line. GP’s have different roles, to find the deal, manage the deal, figure anything about the deal, handle the operations, establish the “boots on the ground,” sign on the loans, and are basically the first line of defense for liability.In the airplane, the a cockpit would holds the “General Partners (GPs),”who have ultimate control.To define a “Limited Partner,” lane uses an airplane analogy, wherein the syndication is the airplane.Having that cash just sitting there, he thought at least he could be a “limited partner” in a deal of at least 150 units with a group that does so he could get more “Street Credibility” with the brokers and add to his resume and raise credit with the brokers.Lane sold his primary residence to get liquidity and saved that money to get to a multifamily.He found that there were no good deals out there, no property that made any sense, and he was getting nowhere.He tried to build rapport with brokers but, unless you can meet with them in person, it’s difficult.Living in Seattle, trying to find properties in the Midwest and the South, he analyzed 5 -10 deals a week, and for 18 months, he analyzed at least 150-200 deals (it takes a long time to analyze a property).He found that there were no good deals out there in today’s competitive environment.Joined an expensive Apartment mentoring group to live his dream to have the 100-200-unit apartment buildings and syndicate all the money.Lane got started with Turnkey Rentals (which he thought was a good way to start), but now is shifting away from it.When Lane got started, he was beating the drum of turn-key single family rentals.Today, Lane is primarily a passive investor of limited partnerships and syndications representing 10 apartment buildings which totals to 1400 units that all happens since December 2016. As he slowly built his Single Family Homes portfolio, Lane realized the Single Family Homes were not going to get him to his cashflow goals and he was creating a job for himself to be the manager of the managers. The last time he was on our show, he owned11 SFHs in Birmingham, Atlanta, Indiana, and Pennsylvania. Lane Kawaoka, who was an Old Dawg guest last Decemfor Episode # 061 “W2 Employee Kickin’ it with Real Estate Investing,” is the host of Simple Passive Cashflow podcast, an avid real estate investor and a full-time W2 employee as a Civil Engineer who got started young with passive real estate investing. Knowing when to stop building your portfolio.What is the “new rat race” and how can you avoid the deceptions of “financial freedom”.How to balance lifestyle, passive investing and a full-time job.What criteria should you look for in finding a good syndication deal?.How much time is required to be a part-time Real Estate Investor versus a full-time Real Estate Investor?. ![]() ![]()
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