Don't Buy Mutual Funds - Do This Instead! | Lane Kawaoka
Manage episode 304653578 series 2935370
In this episode, Dalyn Hazell sits down with Lane Kawaoka to talk about some counterintuitive wealth rules that the rich follow such as don’t buy a house to live in, don't buy mutual funds, don't use retirement accounts as investment vehicles and don't pay taxes.
Lane Kawaoka was an ex-civil engineer, and he owns a lot of real estates. Now he's got ownership in over seven mobile home parks, 21 apartment buildings and one assisted living facility totaling 4500 units in nine US markets. He is the CEO of Simple Passive Cash Flow. He is the host of Simple Passive Cashflow Podcast, a top-50 Investing Podcast on iTunes and has guest-hosted on 200+ other podcasts. He works with beginning investors through the 5,500 member group, Hui Deal Pipeline Club. As a group, they’ve acquired over $600M in property assets using the techniques Lane shares with podcast audiences.
Key takeaways from this episode:
-How a civil engineer becomes a real estate investor.
-The counterintuitive wealth rules that the rich follow.
-How did Lane stumble upon these rules.
-Two ways to play with money.
-Withdrawing 401k and investing in real estate.
-The secret of rich people and how they pay lower taxes.
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Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNzkxNDk0LnJzcw==
Connect with Guest, Lane Kawaoka:
Website: https://simplepassivecashflow.com/
Facebook: https://www.facebook.com/SimplePassiveCashFlow/
Twitter: https://twitter.com/SimplepassiveCF/
Instagram: https://www.instagram.com/simplepassivecashflow/
Connect with the Host, Dalyn Hazell:
Facebook: https://www.facebook.com/dalyn.hazell/
Instagram: https://www.instagram.com/dhazell24/
Email: dalyndhazell@gmail.com
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