Investing in real estate for a passive income stream isn’t a get rich quick thing…it’s a get rich sure thing.
We all need to figure out what is the highest and best use of our time. For most of us, this is building our business or working at our job full time. However, you should still be investing on the side. One of those ways is investing in real estate.
Real estate investing in a rental property is a way to build a sustainable passive income in addition to what you are doing. (I know, it’s not our typical guest, and I wanted to shake up your minds and get you thinking about your profits and investments differently.)
In this episode of the #FearlessPractitioners #Podcast, I chat with Lane Kawaoka about investing in real estate to build a sustainable, passive income stream. Lane shares his entrepreneurial story and tips on how a new business owner can be smart about their money.
ABOUT LANE KAWAOKA
After 12 years as a Licensed Professional (PE) Civil/Industrial Engineer, Lane began to focus 100% of his time on investing and helping others in his Passive Investor Accelerator & Mastermind.
He began investing in 2009 in rainy Seattle and was able to buy a property early right after college. After discovering the difference between ‘Cashflow Investing’ and ‘appreciation investing (gambling/speculating)’… he moved his portfolio into 11 single family rentals in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Today, he is investing in syndications which invest in Class C & B Multi-Family Apartment, RV Parks, mobile homes, and assisted living facilities. His mission is to help regular people into good deals that were once only accessible to the rich.
TOPICS DISCUSSED IN THIS EPISODE:
- Real growth takes about 3 years.
- Instead of getting rich fast, shift the mindset to getting rich for sure.
- Add value to people’s lives by helping them and doing what you do best
MORE FROM LANE
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- Should You Start a Practice
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Adrien Paczosa is a Business Strategist for Private Practice Owners and Dietitians and helps them grow and scale their practices to six and seven figures. She is the founder of Fearless Practitioners, the division of her business that offers business training and coaching to private practitioners, dietitians and wellness professionals.
Adrien is a Registered and Licensed Dietitian, owner of iLiveWell Nutrition, her private practice with two locations in Austin, Texas and the surrounding counties.
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