📚 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/firstdeal

🤝 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 foundations episode on real estate investing, the speaker explains primary, secondary, and tertiary markets and how they relate to finding rental properties, giving examples such as Dallas, Seattle, Los Angeles, and New York as primary markets; Memphis, Birmingham, Kansas City, and Indianapolis as secondary; and Waco and Yakima as tertiary, with even smaller towns below that. They prefer secondary markets because primary markets attract heavy competition and many unsophisticated investors who buy for appreciation rather than cash flow, which the speaker views as essential. They stress choosing secondary markets with robust economies (Kansas City as a good example, Detroit as a bad one) and caution that late-cycle conditions in 2016 make tertiary markets riskier in a correction. The episode also breaks down A, B, C, and D/F property and neighborhood classes, cash flow trade-offs, and the importance of discounting broker opinions.

00:00 Real Estate Foundations Intro

00:14 Primary Secondary Tertiary Markets

01:24 Why Secondary Markets Win

03:20 Market Cycle And Tertiary Risk

03:59 Property And Neighborhood Classes

04:25 A Through F Class Breakdown

05:38 Matching Property To Neighborhood

06:18 Broker Hype And Wrap Up

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.

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more 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/firstdeal

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

Host Lane interviews real estate investor Alex Franks about the limitations of turnkey single-family rentals and why many investors stall after building a small portfolio. Franks shares his 17-year path from wholesaling to rehabs, turnkey, new construction, and a current focus on 10–50 unit multifamily, arguing that $200–$300 monthly cash flow per house won’t reach higher income goals without scale. He prefers higher-quality A/B properties, often financed with 20% down Fannie Mae loans, and discusses building new construction rentals due to strong demand and limited supply. They compare strategies on leverage versus accelerating debt payoff, note the 10-loan cap per person, emphasize goal-setting, diversification, and careful market/team selection, and stress networking and investor education.

00:00 Turnkey Rental Downsides

00:13 Alex Franks Background

01:10 Why Single Family Caps Growth

02:00 Picking Better Turnkeys

03:03 New Construction Turnkey Model

03:34 Maxing Out Loans Then What

03:53 Diversify Into Multifamily

04:33 Goals And Pathway Planning

06:41 Leverage Versus Paydown Debate

10:40 Late Cycle Market Reality

13:35 Returns Greed And Education

15:27 Stock Drops Private Capital

16:49 Due Diligence For Out Of State

18:10 Networking And Market Selection

19:16 Wrap Up And Thanks

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.

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more 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/firstdeal

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

On the Best Real Estate Investing Advice Ever Show with Joe Fairless, engineer and podcaster Lane Kawaoka shares how he built a portfolio of 11 out-of-state single-family rentals in markets like Birmingham, Atlanta, Indianapolis, and Pennsylvania after getting priced out of Seattle. He explains his shift from turnkey providers to working with agents for third-party street and rent-roll validation, plus his fast screening method using a 1% rent-to-value ratio and a quick cashflow estimate (about 70% of rent collected after expenses, targeting roughly $200/month after a typical $500 mortgage). Lane discusses financing with conventional Fannie Mae loans up to 10 properties and using a portfolio loan for the 11th, why he took a pay cut to reclaim time, maintenance realities across 10+ homes, and his plan to scale via apartments and syndication. His key advice is to match strategy to your time, money, and knowledge.

00:00 Podcast Intro

00:48 Lane Origin Story

01:58 Time Over Salary

02:17 Finding Out Of State Deals

03:34 Turnkey Versus Agents

05:14 Quick Deal Analysis

07:35 Financing And Loan Limits

08:21 Scaling Beyond Single Family

09:44 Best Advice Skills Triangle

11:15 Lightning Round Lessons

13:51 Mistakes And Cashflow Buffer

14:48 Wrap Up And Where To Find

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.

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.