The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Where are the best and worst places to rent these days? Check out the August 2022 market update, where you can get updates on the in-demand market for renters, commercial real estate, rental rates, interest rates, lending activities, and what asset class is gaining traction. Take note: Inflation is still high at the moment. So invest in tangible assets (unlike cryptos) that beat inflation.  T...

Achieving financial independence early on in life is not easy.  And being exposed to personal finance early on can be one of the most significant advantages.  Having the ability to identify the difference between good debt versus bad debt, the proper way to pay down debt and invest,  knowing the strategies for building passive income streams, and imbibing the right way to spend are...

Welcome to Part 2 of the podcast with Richard Duncan. Richard emphasized multiple points that will make you grateful to live here in America. First, the U.S. dollar is at its 20-year record high. Second, don’t be doubtful because the government and the Fed are doing their best to care for the economy. Thirdly, be in the position of opportunity and do not sit your money in dead equity.  So, en...

Richard Duncan is an Author, Economist, Consultant, and Speaker who authored four books illustrating the causes and effects of economic crises.    In this first part of the podcast with Richard Duncan, he discussed the foundation, how the economy and the Fed work, the relationship between gold and the dollar, and understanding our economy. Hang in there! 𝐖𝐚𝐭𝐜𝐡 𝐨𝐮𝐭 𝐟𝐨𝐫 𝐩𝐚𝐫𝐭 𝟐 𝐨𝐟 𝐭𝐡𝐢𝐬...

Affordability of houses… It’s just a myth nowadays! In this month’s market update, there's been a talk in the investor’s town about the rising interest rates and how people shift from being property buyers to property renters.  Nothing wrong with renting, especially if you’re a landlord!  But this shift shows us that real estate investing and cash flowing from real estate can beat ‘all’...

In your current financial status, are you free to have a choice? In this episode, we talked about the counterintuitive rules that the wealthy follow and how being financially free can allow you to have vast choices. Saying “no” can be one of them. Financial dogmas are great to follow but better be sure who advises you with them.    Visit https://simplepassivecashflow.com/club to meet oth...

Feeling the effect of the plunging stock market? It’s happening all over the world! But as a real estate investor, you shouldn’t be pessimistic. This is just a phase that we don’t know when it’s going to end. In investing, there will always be uncertainties. That’s the reality of investing! Thus, it is our responsibility to mitigate those risks and create strategies to keep the ball running. For y...

Are there secrets behind infinite banking and whole life insurance? Lane is joined by Chris Miles of Money Ripples, he’s an anti-financial advisor and a cashflow advocate. They talked about why and how infinite banking is superior as compared to heloc and banking institutions. For Chris Miles, banks tend to cut down your line of credit without you even knowing or giving any warning. While in the w...

Thinking of leaving your job due to the company culture and office politics? Todd Miller is the author of Enrich who has a background as an entertainment executive working in Hollywood. He joined us to talk about time, wealth, and how he came to a point when he wanted to get fired from his job due to politics in the industry. PLUS, he shared how he accomplished getting into financial independence,...

In this June 2022 Monthly Market Update, you’ll notice that migration isn’t confined to individual renters alone but companies are relocating their headquarters for better property setup as well. There’s an expected monetary policy tightening by the federal reserve due to the current inflation status and effects of war in Russia and Ukraine. Moreover, there’s still a demand for an apartment, and t...

Getting old. Being sick. Dying. Unpleasant words that are at times neglected, intentionally. In this podcast, Jean Keegan Daly joined us to share her life discoveries of one's purpose while being a hospice nurse. She is the author of Reflections of a Seasoned Soul and an educator specializing in a body-mind-spirit approach to health and wellness. Note that we are on a personal journey to live in t...

Have you planned out a college plan for your child? This episode is still part of investing since, as a parent, you need to take into consideration your kid’s future even while being a real estate investor. Let your child, the future college student, do the best they can that interests them as a student and not be overstressed. For the parents, no need to rely on 529! There are other ways to build...

Since most of you are fans of coaching calls, we have another one today. ‘John’ is an engineer and has a little bit higher net worth. His story shows that the road to financial independence is at a slow pace from 0 to $2million. People don’t realize that! But once you’re up to 4million and above, your net worth (plus your network) expands and moves a lot quicker too. There are numerous ways to acc...

Cost segregation has been a topic in the group these past days, and in this episode, I’ll be sharing some insights on cost seg and bonus depreciation. Together, in this month’s market update, we talked about industrial investment, continued migration of US renters, top markets for multifamily, and why others are investing in student housing. View the past monthly market updates by visiting https:/...

Play is not just for kids. Play must be incorporated into everybody’s lifestyle, especially adults. Benefits like learning new tasks faster when it’s fun and when you are in a relaxed state, stimulating one's imagination, improving relationships, and helping you adapt and thrive in a challenging situation. There’s no harm in adding a dash of play to give color to your everyday life. Discover what...

When you reach your goal, you’ll suddenly recall and ask yourself, “what’s your purpose for success?”. Lane was interviewed by Phil Portman and he shared his mindset about success and how it is to be the ‘Robin Hood’ of this modern time. Learn more about the journey towards FI (financial independence) at https://simplepassivecashflow.com/journey. 5:07 What does success mean? 7:02 Breaking Generati...

In this video, Raj interviews Lane on how a lot of people (like hard-working professionals) commit mistakes when dealing with their retirement funds, how they decide on investments, and how they can maximize the return of their investments (especially in real estate investing). Easily grasped. Comprehensible. This will be an eye-opener for you, especially those who are just starting in navigating...

Politics is not much tapped into the show but we're aware of its effects on our economy and other policies related to real estate investing. In this episode of monthly market update, we talked about the highlights that I saw from the news in the past weeks. Which includes effects of the Ukraine war on inflation, Houston market, migration trends and there’s even a touch of crypto news. If something...

𝗜𝘁’𝘀 𝗼𝘂𝗿 𝟯𝟬𝟬𝘁𝗵 𝗲𝗽𝗶𝘀𝗼𝗱𝗲!!! Celebrate with us and get access to our FREE giveaway! Undoubtedly, this coaching call with Marianne is worthwhile. Due to the variety of valuable questions and information that we tackle: tax in real estate investment, short-term and long-term rentals up to exit strategy. In which, you can relate much if you went through the e-courses. Nonetheless, this is juicy and meat...

Most hard-working professionals worked their way to where they are today. Having a 1.5 million net worth is not an end goal rather it becomes a motivation to further scale-up. Like Eric here, an accredited investor and FOOM member, he continuously searches for a greater avenue to invest his money and expand his network. In the different stages of his life, he realizes that there are better uses of...

Retirement funds. Does everyone need it or not? Unfortunately, most w2 workers think that retirement funds are the only way to go to live and survive in the future. Technically, it can help you financially but there are other means towards financial freedom. In this coaching call episode, let’s talk to Nick, an accredited investor, who’s possibly taking money out of his retirement account towards...

Are you a business owner planning to buy your dream home? In today’s episode, we are joined by Benson Pang, an ex-Engineer (just like Lane) and founder of NestMade Mortgage to talk about lending options and how you can qualify for big mortgages to purchase your dream home. This is valuable especially if you’re a business owner or real estate investor that are diligent in legally minimizing your ta...

In this episode of Monthly Market Update, Lane talks about current events that are impactful in real estate investing, the multifamily markets, and how apartment occupancy is on the upward trend despite the migration situation of people from one state to another.  Watch the past episodes and stay updated! Visit https://simplepassivecashflow.com/investorletter/ 1:08  Teaching Points...

In this coaching call, we talked about how a high-paying professional can be financially free through syndication, with the right network and mindset. Finishing a college degree and having a job will never be enough so you can experience a huge impact on your life. You need to keep on searching and create an experience outside of your current working environment. It’s inspiring to be Henry (Higher...

Offshore investments are part of the options that the wealthy leverage to capitalize on advantages offered outside of an investor's home country. In this week's episode, Quentin D'Souza, a Canadian-based investor and author of The Action Taker's Real Estate Investing Planner book, joined us to share his experiences about investing in the U.S. even if he’s a Canadian citizen. Tax benefits, asset pr...