The Wealth Elevator Podcast: Real Estate, Taxes, Investing

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

In this episode, we dive into a podcast replay where Lane Kawaoka, founder of Wealth Elevator, shares the inner workings of his investment retreats and the importance of building real relationships with other accredited investors. He discusses the need for curiosity, the value of mentorship, and the significance of community in personal and financial growth. Lane also highlights his journey from an engineer to a full-time investor, the importance of alternative investments, and how his events foster meaningful connections among high net worth individuals. The episode wraps up with insights on how to prepare for major life transitions and the future plans for Wealth Elevator.

00:00 Introduction and Podcast Replay Announcement

00:40 Guest Introduction and Initial Thoughts on Growth

01:14 The Importance of Curiosity and Coaching

02:26 Building Confidence and the Role of Peer Groups

05:10 Adapting Strategies for Changing Environments

07:15 Lane's Real Estate Journey and Investment Strategies

12:38 Transitioning from Engineering to Full-Time Business

17:10 Creating Effective and Curated Community Events

29:01 The Future of Community and Human Connection

33:11 Closing Thoughts and Final Remarks

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

In this episode, Lane and guest tax expert Jack Hollander dive into strategies for offsetting ordinary income through oil and gas investments. They discuss the unique tax benefits, including intangible drilling costs and depletion allowances, and how these can provide significant deductions for high-income earners. The conversation addresses common mistakes with passive losses and real estate professional status, provides insights into how to properly utilize oil and gas investments, and answers questions on minimizing tax liabilities and optimizing portfolio strategies.

00:00 Introduction to Tax Deductions in Oil and Gas Investments

00:39 Understanding Passive and Ordinary Income

01:11 Limitations of Passive Losses

02:09 Real Estate Professional Status and Short-Term Rentals

02:48 Introduction to Oil and Gas Investments

03:02 Misconceptions About Bonus Depreciation

06:08 Importance of Consulting Professional Advisors

07:42 Basics of Tax Law and Income Buckets

12:07 Financial Planning and Investment Considerations

13:24 How Oil and Gas Investments Fit into a Portfolio

15:23 Tax Benefits of Oil and Gas Investments

23:53 Intangible Drilling Costs (IDCs) Explained

35:16 Understanding Passive Losses and Tax Benefits

35:53 Investment Strategies for Self-Employed Individuals

36:33 Navigating Tax Forms and Returns

37:27 Managing Investment Expectations

38:37 Cash Flow and Tax Savings

39:49 Evaluating Oil and Gas Investments

41:15 Portfolio Diversification and Tax Planning

43:15 Risk Management in Oil and Gas Investments

53:09 Using IRAs and Roth Conversions

01:03:01 Final Thoughts and Upcoming Events

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

In this episode, we delve into how new investors can unlock their retirement funds through self-directed IRAs and Solo 401ks. Learn about the transformation process, the role of custodians, and the potential to invest in real estate or other alternative investments. Our guest, Ted Damp from Advanta IRA, shares his expertise on unique investment strategies, partnering, commingling funds, and navigating IRS rules. We also discuss prohibited investments, transactions, and the unrelated business income tax (UBIT). Discover how to avoid common pitfalls, diversify your portfolio, and leverage your retirement funds effectively. Visit WealthElevator.com for more resources, including event information and vendor referrals.

00:00 Unlocking Your 401k and IRA Funds

01:05 Introduction to Self-Directed IRAs

01:48 Meet Ted from Advanta IRA

02:27 Understanding Partnering and Co-Mingling Funds

05:41 Basic Rules and Prohibited Transactions

09:21 Real-Life Self-Directed IRA Experiences

13:36 Disqualified Persons and Entities

23:45 Case Study: Partnering on a Real Estate Deal

28:43 IRA Ownership and Expense Sharing

29:25 Rules on Percentage Ownership

30:36 Co-Mingling Funds for Investments

32:59 Non-Recourse Loans Explained

37:51 Partnering and Co-Mingling in Real Estate

44:14 Alternative Investments and Syndications

51:26 Final Thoughts and Contact Information

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

In this episode, the host invites new and existing investors to the annual Hawaii retreat scheduled for January 16-18 and emphasizes the importance of education in real estate investment. He discusses various aspects like meticulously understanding deals, avoiding being swayed by attractive photos, and thorough due diligence. He explains the differences between primary, secondary, and tertiary markets, the merits and risks of investing in each, and highlights the cyclical nature of markets. The host dives into Capital Expenditures (CapEx), evaluating whether renovation costs in multifamily properties justify rent increases. He offers insights into calculating per-unit costs and emphasizes the need for professional audits. The talk also covers broader investment philosophies, asset diversification, and the importance of being in tune with industry data. He concludes by encouraging listeners to join the syndication e-course and stay connected with like-minded accredited investors for better insights and opportunities.

00:00 Welcome and Hawaii Retreat Invitation

00:34 Importance of Education and Syndication E-Course

01:04 Understanding Market Locations: Primary, Secondary, and Tertiary

01:18 CapEx Plan and Deal Disqualification

03:42 Due Diligence in Real Estate Deals

03:57 Primary vs. Secondary vs. Tertiary Markets

08:58 Investment Strategies and Market Cycles

16:12 CapEx Budget and Renovation ROI

25:44 Final Thoughts and Syndication E-Course Promotion

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

Download the spreadsheet here: theWealthElevator.com/ROE

Lane from The Wealth Elevator discusses whether investors should sell their rental properties and reinvest the equity into more profitable ventures. He stresses the importance of focusing on return on equity (ROE) instead of just return on investment (ROI) and provides a framework to evaluate the current performance of your rental properties. Lane also shares personal experiences, offers practical steps for evaluating your investments, and discusses various reallocation options such as T-bills, life insurance, syndications, or other investment opportunities. Additionally, he details the emotional and financial considerations that come into play and emphasizes having a clear exit strategy for underperforming assets.

00:00 Introduction: Should You Sell Your Rental Properties?

01:03 Investor Insights: Return on Equity

03:12 Analyzing Rental Property Performance

05:07 Reevaluating Investments: The Annie Duke Approach

07:23 Practical Steps for Property Owners

12:39 Advanced Strategies and Final Thoughts

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.