157: How to Climb The Wealth Elevator Through Real Estate with Lane Kawaoka

Zen and the Art of Real Estate Investing

Understanding where you are on The Wealth Elevator can help you figure out what it takes to get to the next floor on the wealth path.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Lane Kawaoka, author of “The Wealth Elevator,” to the show. Lane is also CEO of The Wealth Elevator, focusing on real estate syndications, accredited investor banking, and tax strategies for first-generation millionaires. Lane wants to be the person to take these first-generation millionaires from the investment floors all the way up to financial freedom.

As Jonathan and Lane begin their discussion, Lane shares how he entered the world of real estate investing in his early 20s and where he started buying properties after renting out that first property. You’ll hear the pros and cons of Lane’s out-of-state rentals, what drew him into syndications, and why he wrote “The Wealth Elevator.” Jonathan and Lane explore what Lane calls “the forgotten years,” why most people fail to realize their time is worth more than money, and the levels of The Wealth Elevator. You’ll hear three things to look for in a real estate syndication, the landmines you can encounter in syndications, and Lane’s reasoning for adding diversification to his portfolio outside of real estate. Finally, they cover how Lane coaches his clients to set their expectations for syndications, why you should rely on experts, how a portfolio changes as wealth accumulates, and why you don’t want to invest alongside the average Joe.

With The Wealth Elevator, Lane Kawaoka provides an illustrative way to envision your wealth journey.

In this episode, you will hear:

• Lane Kawaoka’s entry into real estate in his early 20s as an engineer who wasn’t home much and decided to rent his home out
• Where Lane began buying properties after renting out his first house in Seattle
• The pros and cons of his turnkey out-of-state rentals
• What drew him into syndications and why he wrote “The Wealth Elevator”
• “The forgotten years” Lane is addressing and the motivation having kids gives people
• Why most people don’t realize their time is worth more than money until they hit $1.5 million net worth
• The levels of The Wealth Elevator and where most people start
• Three things to check for in a real estate syndication
• Some of the landmines you can encounter in syndications
• Why syndications don’t mean making a quick buck
• Lane’s reasoning for adding some diversification to his portfolio outside of real estate
• How he coaches his clients to set their expectations with syndications
• The tradeoff between liquidity and higher returns
• Relying on experts to find good syndication deals
• How a portfolio changes as an investor reaches a larger net worth
• Lane’s favorite asset class as an owner
• Why you don’t want to invest alongside the average Joe
• The ideal reader of “The Wealth Elevator”

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/157/ to download it.

Supporting Resources:

The Wealth Elevator website - theWealthElevator.com

The Wealth Elevator on YouTube - www.youtube.com/channel/UCX1ZU4WejBYUwvdGbBHOWzQ

Find The Wealth Elevator on Instagram - www.instagram.com/thewealthelevator

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [e-mail]

Episode Credits

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