Lines of Credit with Business Owner Andrew Amann from ninetwothree.co

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Lane chats with his friend Andrew, an accomplished entrepreneur who transitioned from being a mechanical engineer working on government defense projects to running a successful AI consulting business. Andrew shares his journey, insights on entrepreneurship, the importance of cash management, and how he leverages different financial strategies to maintain and grow his business. They also discuss the ups and downs of entrepreneurship, the significance of having a solid support system, and Andrew's experiences working with big names like SimpliSafe and FanDuel. This conversation offers invaluable lessons for current and aspiring business owners looking to navigate the complexities of starting and scaling a company.

00:00 Introduction and Episode Overview
00:41 Meet Andrew: Entrepreneurial Journey Begins
01:29 From Engineer to Intrapreneur
02:41 The Birth of a Business: Bluetooth Chips and Beyond
04:20 Entrepreneurial Struggles and Successes
09:47 Financial Strategies and Lessons Learned
11:39 Consulting Business Insights
16:34 Managing Business Finances
20:38 Leveraging HELOCs and Financial Safety Nets
25:01 Understanding HELOCs and Their Benefits
26:29 Managing Business Finances During Crises
28:54 Strategic Use of Debt in Business
33:47 AI Studio Success Stories
34:54 Future Plans and Exit Strategies
39:32 Financial Planning and Personal Insights
44:05 Conclusion and Final Thoughts

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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.