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In this episode, we delve into the intricacies of performing due diligence on multifamily real estate deals. The video starts with an introduction to a comprehensive e-course on syndication due diligence, followed by a replay of a webinar covering key aspects like deal assumptions, market trends, and supply impacts. Discussion includes the effects of high interest rates, significant property price drops, and factors affecting decision-making in recent times. The video also touches upon assessing deals through P&L and rent rolls, and provides an example of evaluating a specific 300-unit property. Essential elements such as recognizing rental market softness, new supply impacts, and discrepancies in projected rent growth are also examined. The latter part of the webinar breaks down key concepts like asset classes, loan terms, risk mitigation, and strategies to optimize returns. Practical insights on pro forma analysis, counterparty risk, and networking in the syndication space are shared, rounding out with some advanced investment strategies and financial planning tips.

00:00 Introduction and Course Overview

00:31 Current Market Conditions and Challenges

01:21 Case Study: Analyzing a 300-Unit Property

02:52 Insurance and Debt Structure Considerations

03:57 Engaging with Operators and Personal Updates

04:41 Introduction to Due Diligence Webinar

05:17 Understanding Syndication Deals

07:14 Evaluating Deal Structures and Returns

17:14 Asset Classes and Market Trends

22:31 Due Diligence and Forced Appreciation

24:38 Understanding Other Income in Real Estate

25:39 Private Placement Memorandum (PPM) Essentials

27:01 Navigating Deal Structures and Risks

28:55 Counterparty Risk and Syndication Tips

33:05 Evaluating Reversion Cap Rates

37:18 Importance of Loan Terms in Real Estate

40:57 Core Capital and Legacy Planning

43:56 Maximizing Experiences with Wealth

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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.

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If you’d like a free copy of the book, just email us at team@thewealthelevator.com and tell us how you found us.

In today's podcast, we delve into the financial implications of buying a home to live in versus renting and investing. The host introduces the concept of the 'wealth elevator' as described in their book, which categorizes different financial stages and offers tailored advice. They discuss why individuals in high-priced areas or early stages of wealth building might benefit more from renting and investing in rental properties instead of purchasing a home. Practical insights from personal experience are shared, including saving strategies and the impact of leveraging rental income. The discussion also touches on the pros and cons of homeownership, while advising listeners to consider their individual financial situations before making a decision. Listeners are encouraged to join the Wealth Elevator community for personalized advice and strategies for financial independence.

00:00 Introduction to Home Buying Discussion

00:06 The Wealth Elevator Concept

00:51 Personal Experience with Home Buying

01:46 Financial Advice and Wealth Building

02:41 When to Buy a House

04:03 Renting vs. Buying Debate

04:48 Investment Strategies and Returns

09:33 Flexibility and Mobility Considerations

13:56 Disadvantages of Home Ownership

15:44 Conclusion and Final Thoughts

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If you’d like a free copy of the book, just email us at team@thewealthelevator.com and tell us how you found us.

In this episode, we dive deep into various tax strategies tailored specifically for business owners. We cover essential topics such as home office deductions, the Augusta Rule, paying your kids on payroll, Solo 401(k)s, and advanced strategies like captive insurance. The first half of the podcast is dedicated to potential tax changes currently under review by the Senate. We discuss extensions of the Tax Cuts and Jobs Act, increases in qualified business income deductions, and more. In the second half, we bring on guest Patrick Lonergan to discuss specific strategies for business owners and how to optimize personal taxes linked with business operations.

00:00 Introduction to Today's Podcast

00:18 Overview of Potential Tax Changes

00:41 Extension of Tax Cuts and Jobs Act

01:26 Bonus Depreciation and Section 179

03:13 Qualified Opportunity Zone Program

03:57 State and Local Tax Cap Increase

04:33 Lifetime Estate and Gift Tax Exemption

06:19 Additional Tax Changes and Implications

08:03 Infomercial: Family Office Ohana Mastermind

08:35 FOOM and Real Estate Professional Status

11:33 Tax Strategies for Business Owners

14:00 Home Office Deduction

17:09 The Augusta Rule

21:28 Family on Payroll

24:37 Qualified Business Income Deduction

29:18 Level Two Tax Strategies

37:27 Setting Up Retirement Plans for Solopreneurs

38:46 Navigating IRS Audits and Employee Classifications

39:17 Overview of Level Two Tax Strategies

39:37 Understanding ROBS and Roth Conversions

41:08 Introduction to Level Three Tax Planning

41:22 Captive Insurance: Benefits and Risks

46:38 Investing Through Captive Insurance

55:31 Level Four: Tax Fraud and Evasion

57:30 Common Pitfalls and CPA Involvement

01:05:39 Final Thoughts and Contact Information

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