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To the untrained real estate investor, an A class property can be appealing. Since the rent is higher in an A class neighborhood, you might have your sights set on higher rental amounts and a higher class of tenant. However, most successful real estate investors know that these properties don’t make for great investments.
Today’s guest, Lane Kawaoka, learned this lesson early on in his investing career, and he’s here to share his experience. We’re discussing the drawbacks of investing in an A class neighborhood, and how to find a solid rental market. Lane is sharing his strategy for portfolio growth, and how he reached financial freedom. Lane has so much insight to share; you won’t want to miss episode 251 of Investing in Real Estate!
More About This Show
Lane Kawaoka is a full-time project engineer who recently moved back to his home state of Hawaii. Previously, he was living in Seattle where his real estate career took root. Lane purchased his first property in an A class neighborhood. At the time, he was happy with the few hundred dollars he received every month in passive income.
But when he tried to grow his portfolio, he started realizing the difference between investing for appreciation and investing for cash flow. Today, Lane stays focused on multifamily apartments in B and C neighborhoods.
Recently, Lane started bringing in enough consistent cash flow to move back home to Hawaii. He created his website and podcast to help other people abandon their Wall Street inspired beliefs, and start creating true wealth through real estate.
On today’s show, Lane is sharing much more about his real estate strategy. We’ll discuss the specific details of his first two rental properties, and why investing in A class neighborhoods is a mistake. He is sharing his perspective on whether owning your home is a smart investment, and discussing his opinion on REITs. Lane is also giving away some free resources; you won’t want to miss this episode!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you'll learn:
- Why does Lane like multi-family investments?
- Why did Lane start looking at real estate investments out-of-state?
- Why doesn't Lane recommend investing in REITs?
- What are the two major drawbacks of owning your primary residence?
- And much more!
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