Lane Kawaoka used to be a well paid Civil Engineer who now passively invests in Real Estate from Honolulu, Hawaii. He used to work for a private company as a construction engineer but after some saving and investing, he found happiness and balance at a lower paying job and journal his experiences in "Simple Passive Cashflow" podcast that is Ranked as a Top 50 Investor's Podcast. His mission is to help everyone out the corrupt Wall Street roller coaster and into Main Street by teaching smart, safer and higher returns that benefit the middle class of America. He has over 6365 Units with an estimated net worth of $255m.

In this episode Lane talks about money mindset and the his real estate passive income business. If you are interested in building a real estate portfolio or reducing your tax bill, then you'll love this conversation today. Lane is the smartest person I've made so far who knows more about money and how to use it to create real wealth the smart way. Listen closely.

TL; DR:
1. Buy and hold property over a long time is the best passive way to make money from real estate.
2. Real estate investing is capital intensive. You have to have at least $250k in the bank.
3. Get a day job and save, save, save
4. Take the passive losses you get from real estate investments and lower your income.
5. Look at private placements, syndications, rental properties
6. Be frugal with your money, spend less than you earn. 

See you next week!!
Chris Cownden

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.
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