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****UPDATED 5/2017 w/ BEST OF SECTION!!!****

What I’m up to…

1) Coaching people who want to shortcut the learning curve, minimize mistakes, and optimize their returns. Coaching info here.

2) Build a Virtual Assistance business to help out utilize help in their day to day busy work.

3) Help others find good deals: Sign up for the HUI Deal Pipeline Club now 125+ members

4) Two 50+ unit Apartment Syndications of my own in 2017!

Goal: Turn “C” and “B” class properties, 60-300 units (stabilized with value add opportunity) with at least 75% LTV/25 year amortization. We plan to hold 3-5 years and sell when we have doubled our investors money.

Buying Criteria:
Seeking MFH at least 60 – 100 units.
1. Value-add component: typically 70-85% occupancy / discount based on condition or motivated seller.
2. Price: $1,500,000 – $9,000,000, per unit cost under $55K.
3. Location: secondary and tertiary markets across
4. Class: D/C/B Property in a B/A neighborhood

Continue reading

Hui Deal Pipeline Club Buys Coffee Farms

Here is the deal…about a dozen people in the HUI are buying undeveloped coffee farm parcels at ~15k each.  We can get said discount by buying more as a group. If we buy 3 or more we get 400 dollars off each parcel and 6 or more 900 dollars off each parcel… It’s like Groupon for investing!

Personally, I am going to put this in my SD-HSA because this investment does not need any leverage on my end and therefore the best use of these funds.  Normal pricing is $18,000 for Producing parcels. I was personally going for the raw parcel because of advantages in the long term growing prospects with the initial planning methods not found in the producing parcels despite the lower initial cashflow.


Let me know if you are interested and join our Facebook event in the HUI as we buyers we discuss the investment together. Deadline to commit is May 30th!

HUI Buys Coffee

Can you spy the HUI investors kicking the dirt (hint: 10X Hat)? 


Why CoffEEE and Panama and with International Coffee Farms?


Essentials – I have good conversations with people and it comes up again and again that the best investments are not the shiny tech start up or development deal or flip. Instead, it’s the boring cashflow investment with something that is essential. Just like the Class C/B SFH or MFH, farm investments are commodities. It makes so much sense… as all the Nouveau-rich amateurs are running around speculating, the sophisticated investors are quietly buying up these stable investments.

Ethics– Dave and his team strive for good returns and coffee but also put an emphasis on improving the work environment for his people. Spending a little bit more for better equipment and working conditions for the Panamanian workers may not make the coffee taste better or increase production but it is the right thing to do.

Engineering– Turns out Coffee production is a bit of a science and the team employs modern methods to growing coffee that outperforms local unsophisticated growers.

Check out the Farm Tour page for the next tour in beautiful Boquete! http://internationalcoffeefarms.com/farm-tour/

Through International Coffee Farms you can own a parcel in your very own Specialty Coffee farm, in Panama Deeded 0.5 acre parcels professionally managed for you turnkey from $18,000 USD
“Sustainable Income Through Offshore Sustainable Agriculture”.

You will be able to find this information on both the International Coffee Farms website http://internationalcoffeefarms.com/
Let me know if you are in by sending me an email at Lane@simplepassivecashflow

Cash out or Refi? That is the Question?

When you start out investing in Single Family Homes or Multi-family Class C/B… optimizing every single fee dollar (emergency fund of course) into down payments for more assets that put cash into your pocket, things are simple!

Now when you start to add things into the mix like your mother lives in your home, you want to househack your brother, your wife will only let you get two homes per year, or you can sell a condo for some random reason things get really hard.

Personally, I don’t really have any restrictions of the sort but every situation is different especially if you have one of the aforementioned constraints.

One of these examples is to sell properties when the total return on investment decreases to a point to where the total returns (cashflow, tax benefits, appreciation, and mortgage paydown) get below ~15% or less than the next best thing. Now some people can’t sell these properties to property optimize the equity into other investments and for those people cash-out refis and Helocs are an option.

Check out this link and learn the nuances of the Heloc vs  Cash-Out Refi strategy.

I will say one bad thing about Helocs is that you can’t get a loan for the entire amount.  There is always 10-15% of the equity you are never going to get at – like the last few cups of water in my Brita filter dispenser… errrr! I see people try to quantify Helocs with interest rates but I feel that’s the bad way to argue its usage because it does not take into account the 10-15% left over in equity.

Time is the most important thing… If not now when?

I stumbled upon a great visualization of your time.  Basically, the yellow below is the time we sleep, blue is leisure, and light blue is at work.

Two takeaways:

  1. If you have not started investing… when the heck when? Get a mentor and compress the learning curve, decrease costly mistakes, and get on with your life!
  2. There is only a limited amount of time to create a legacy… use Virtual Assistances that I use.

You can find the full article at http://flowingdata.com/2017/05/09/adulthood-days/

Doodads – Mac Book Pro Wood Keys

Link to Mac-Book Pro wood keys.

Buy the best phone and computer… these are your tools. Don’t worry about how much a shovel costs when you are trying to dig a hole.

Announcing Partnership with Orange Virtual Assistants!!!

 For a Free 10-hour trial, please email Lane@SimplePassiveCashflow.com

What is Orangehub.ph?

OrangeHub.ph is an outsourcing company and social enterprise that provides quality outsourcing services to our existing clients in USA, UK, Australia, and Canada. Based in the Philippines, OrangeHub advances your business further with our wide range of services and workforce.

Most of our Virtual Assistants are work at home since this is our business model, helping Filipinos in the countryside get sustainable online jobs. Incase our clients demand an office based VAs, we have partnered with many homegrown BPOs all over the country to cater their needs. For office based employees, additional charges may apply because of the overhead cost in business operations.

  • Website development – Make sure that you are always ahead with Orangehub’s premium and cost-effective Web Development.
  • Graphic designs – Stand out and let our graphic designers bring the spice and solution that your business needs!
  • CAD – Experienced computer aided designers are available to work with you and deliver the project on time.
  • Project managements – We provide skilled virtual assistants to manage your projects both for technical and non-technical.
  • Payroll – Our wide network of Certified Public Accountants (CPA) and bookkeepers are ready to help you tracked financial transactions of your organization.
  • Virtual Assistants – We offer services for data entry, transcriptions, PA works, social media management etc. Available VAs is located almost everywhere in the Philippines’ major cities.
  • Search Engine Optimization – We just don’t rank your business on top, we help build your business and get more customers.
  • Content writings – Professional writers are available to put those words all together to increase your revenues, attract potential customers and get more leads.
  • Home based call center agents – Build your business with our available 24/7 inbound customer service, outbound agents, and lead generation and market researchers.
  • Data entry – Experts in data mining and lead generation for real estate, food, technology and different industries.

Mission

OrangeHub works with passion in building lives by providing decent and sustainable home based jobs to Filipinos in the countryside.

Vision

OrangeHub is building its name to be a trusted brand for home based outsourcing services in the Philippines with social impact.

  •   

Podcast #052 – Fundamentals – Caeli Ridge – All About Financing Single Family Homes with Government Subsided Fannie Mae/Freddie Mac Loans

Fannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden tickets
Some Credit Unions have portfolio loans but its all going back to the Government
As of 4/2017 – 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book
1) Credit Score – 720 or greater in spots 7-10
2) Assets – Liquid and Non-Liquid for downpayment (must be sourced and seasoned 2-months liquid) and cash reserves needs 1-6 liquid or non liquid for subject property needs to show 6 months PITI plus 2 months for each other property in additiona. For property 7-10 you need 6 months PITI for all properties
3) Dept to Income (DTI) – 50%
We get to use 75% of the supposed rents as income in DTI
LOE – Letter of Explaination
Price adjustments
30 day rate lock
Timing the appaisal
Portfolio loans
Delayed Financing

#LaneHack #JustTheTip

Looking for a passive fund that invests in distressed notes?
SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Time is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use

Please leave a review? Or Share on Facebook! Please!
https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347

Sign-up Here for ‘Hui” Deal Pipeline Club:
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y

Join a Social Club:
Seattle: https://www.facebook.com/groups/SPCHUISEA/
Hawaii: https://www.facebook.com/groups/SPCHUI808/
Portland: https://www.facebook.com/groups/SPCHUIPDX/
Bay Area: https://www.facebook.com/groups/SPCHUIBAY/
So Cal: https://www.facebook.com/groups/SPCHUISOCAL/
East Coast: https://www.facebook.com/groups/SPCHUIEAS/
Central USA: https://www.facebook.com/groups/SPCHUICUS/

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.
https://calendly.com/simplepassivecashflow/20

Looking for mentorship/turnkey services/apprenticeship/partnership:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo

Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts

 

SPC051 – #LaneHack – Using VAs and 10 Hours of a Free VA

Time is the Most Important thing!
Va time is short limited number of days the other day I need to scrub rebt rolls and get Zillow
Pull alll vendors and email for Atlanta Indy Birmingham
Use the VAs I use with 10 hours for free

#LaneHack #JustTheTip

Looking for a passive fund that invests in distressed notes?
SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Time is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use

Please leave a review? Or Share on Facebook! Please!
https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347

Sign-up Here for ‘Hui” Deal Pipeline Club:
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y

Join a Social Club:
Seattle: https://www.facebook.com/groups/SPCHUISEA/
Hawaii: https://www.facebook.com/groups/SPCHUI808/
Portland: https://www.facebook.com/groups/SPCHUIPDX/
Bay Area: https://www.facebook.com/groups/SPCHUIBAY/
So Cal: https://www.facebook.com/groups/SPCHUISOCAL/
East Coast: https://www.facebook.com/groups/SPCHUIEAS/
Central USA: https://www.facebook.com/groups/SPCHUICUS/

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.
https://calendly.com/simplepassivecashflow/20

Looking for mentorship/turnkey services/apprenticeship/partnership:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo

Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts

 

Podcast#050 – Interview – Mark Kenney – CPA to Apartment Syndication

Mark is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 20 years ago and has extensive experience in property valuation, acquisition, and operations. He has a passion to help others succeed in the multifamily arena.

Mark is invested in 1,750 units and has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.

Mark is a 1993 graduate at Michigan State University in Accounting and is a CPA. He has provided IT consulting for 20 years and is leveraging his vast IT experience to bring new creative technologies that will help others in the multifamily space. He has worked for organizations such as KPMG Consulting, EDS, SAP, HP, and founded Simplifying-IT which provides IT services to fortune 500 companies.

Looking for a passive fund that invests in distressed notes?
SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Time is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use

Please leave a review? Or Share on Facebook! Please!
https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347

Sign-up Here for ‘Hui” Deal Pipeline Club:
https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5Y

Join a Social Club:
Seattle: https://www.facebook.com/groups/SPCHUISEA/
Hawaii: https://www.facebook.com/groups/SPCHUI808/
Portland: https://www.facebook.com/groups/SPCHUIPDX/
Bay Area: https://www.facebook.com/groups/SPCHUIBAY/
So Cal: https://www.facebook.com/groups/SPCHUISOCAL/
East Coast: https://www.facebook.com/groups/SPCHUIEAS/
Central USA: https://www.facebook.com/groups/SPCHUICUS/

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.
https://calendly.com/simplepassivecashflow/20

Looking for mentorship/turnkey services/apprenticeship/partnership:
https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQo

Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts

Birmingham Troubles – $2500 for Repair of Clay Pipes

I was having a lot of trouble with the plumbing getting clogged up in this particular property. Especially when it rained.

Come to find out the roots outside the home were growing in the pipes. These pipes were made out of clay and the roots like to find the water source and break the pipes. The solution is to get a Backhoe and operator for half the day to dig up the old pipes and replace with PVC. Where did I get this info??? My day job as an engineer 😛

City Citation

No big deal… happens from time to time.

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