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Hard Money Lending, Flips, and Rental Investing Secrets with Joel Miller

Sat, 28 Mar 2026 03:37:40 +0000

Welcome back to The Cashflow Project! In this episode, we’re joined by repeat guest Joel Miller—veteran real estate investor, bestselling author, and experienced hard money lender.

With roots in real estate dating back to 1978, Joel shares practical insights on hard money lending, building trust, and developing the mindset needed for long-term wealth. He also dives into lessons from decades in the industry, tips for new investors, and the importance of passing on financial knowledge.

If you’re looking to leverage hard money or sharpen your investing strategy, this episode is packed with real-world advice you won’t want to miss.

[00:00] "Real Estate Side Hustle Guide"

[06:25] "Hard Money Lending Explained"

[10:26] "Finding Local Hard Money Lenders"

[12:01] "Lender as Partner in Investing"

[15:10] "Hard Money Lending for Beginners"

[21:11] "Local Hard Money Lending Benefits"

[23:41] "Local Expertise Matters in Lending"

[25:24] "Consequences of Poor Planning"

[30:31] "Property Sale Plan to Son"

[33:19] "Build Real Estate Wealth"

[37:46] "Learn, Connect, Invest Together"

[38:17] Honolulu Real Estate Ventures

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Maximizing Tax Benefits and Wealth with Alex Lopez

Wed, 18 Mar 2026 23:07:19 +0000

Welcome back to *The Cashflow Project*! In this episode, we sit down with Alex Lopez, managing partner at Osher CPAs, specializing in CFO services and tax minimization strategies.

With over a decade of experience—and as a real estate investor himself—Alex shares practical insights on scaling businesses, increasing profits, and leveraging the tax code. He also discusses how his background, from Medellín to navigating the 2008 crisis, shaped his approach to wealth-building.

You’ll learn actionable strategies like maximizing depreciation, structuring investments, and using real estate to reduce taxes and grow long-term wealth.

[00:00] "Tax Strategies: Fixing Past Mistakes"

[04:18] "From Business Dreams to Accounting"

[08:46] "Hedge Inflation with Hard Assets"

[11:53] "Taxes, Value, and Opportunity"

[16:28] Real Estate Tax Benefits Explained

[20:27] "Depreciation Benefits for Businesses"

[23:56] "Tax Planning for Higher ROI"

[27:45] Oil and Gas Investment Opportunities

[30:06] "Tax Strategies for Investors"

[32:12] "Investing in AI or Energy"

[35:40] "One Strategy Can Transform"

[39:07] "Investing Tips with Alex Lopez"

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Achieve More Than Money: Holistic Wealth and Life Strategy with Dave Wolcott

Wed, 04 Mar 2026 23:38:32 +0000

Dave shares his journey from military service to building a purpose-driven life focused on family and financial freedom. He breaks down his holistic wealth strategy, which goes beyond money to include intellectual, emotional, physical, and spiritual capital.

We explore how major life events can spark a shift toward generational wealth, and discuss practical steps to move beyond simply earning income—by creating a clear vision, building the right team, and repositioning assets for growth, tax efficiency, and cash flow.

If you’re looking to align your wealth with your purpose and explore alternative investments, this episode delivers actionable insights you can use right away.

[00:00] "Rethinking Wealth and Parenting"

[05:12] Building Legacy Through Investment Strategy

[08:39] Defining Fulfillment Through Self-Investment

[11:49] "Holistic Wealth and Fulfillment"

[14:42] "Scaling Wealth Through Strategy"

[18:39] Asset Repositioning for Financial Efficiency

[22:21] "Invest Beyond Savings for Growth"

[23:56] "Achieving Financial Freedom Strategically"

[28:56] "Game-Changing Investment Opportunities"

[32:24] Invest Smart, Beyond One Market

[33:56] "Year of Opportunity Framework"

[36:23] Resilience: Navigating Life's Cycles

[40:20] "Life-Changing Impact for All"

[42:17] Inspire, Act, Impact Lives

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Scaling a Lending Business: Dynamo Capital’s Creative Approach to Investor Financing

Wed, 25 Feb 2026 22:54:50 +0000

Welcome back to The Cashflow Project Podcast! In this episode, we sit down with Matt Medrano, managing partner and CRO of Dynamo Capital, Kansas’ leading private lender.

Matt shares his journey from working in foundation repair to building a fast-growing lending company focused on creative financing solutions. We dive into how Dynamo’s approach—including DSCR loans, portfolio consolidation, and entity-only lending—gives investors flexible capital beyond traditional banks.

Packed with real-world lessons on resilience, relationship-building, and smart problem-solving, this episode delivers practical insights for investors and entrepreneurs ready to level up.

[00:00] "Reframing Goals and Career Realizations"

[06:28] "Sales Role in Home Solutions"

[07:37] Costly Home Repairs Explained

[11:37] Adapting to Work Challenges

[15:27] "Redefining Success Through Storytelling"

[19:14] Perseverance, Pivoting, and Hindsight

[21:21] "Connections Through Collected Jerseys"

[25:47] "Rethinking Lending with a 'Why?'"

[26:46] "Challenges in Midwest Loan Brokering"

[30:43] "DSCR Loans for Investors"

[34:42] $50K Profit Investment Deal

[38:40] Startup Struggles and Triumphs

[41:38] "Scrappy, Solution-Driven Fund Managers"

[44:11] "Real Estate to Wall Street"

[46:03] Raising Lending Standards Locally

[51:01] "Future Success and Growth Ahead"

[52:38] "Connect, Act, & Stay Tuned"

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From Bartending to Self-Storage: Joseph Downs’ Entrepreneurial Journey and the Power of AI

Thu, 19 Feb 2026 01:30:29 +0000

Welcome to another episode of The Cashflow Project! In this episode, we sit down with Joseph Downs, CEO of Belrose and a commercial real estate veteran with over 20 years of experience.

Joseph shares his entrepreneurial journey—from early setbacks as a bar owner to navigating market cycles and building a successful self-storage business. He discusses the power of resilience, strategic partnerships, continuous education, and leveraging tools like AI to stay competitive.

If you’re overcoming challenges or looking to expand your real estate strategy, this episode delivers practical lessons on adaptability and building sustainable cash flow in a changing market.

[00:00] "Learning to Lead as CEO"

[05:04] Kitchen Mismanagement and Accountability Challenges

[07:05] "Radio Ads for Target Demo"

[09:50] "Real Estate Struggles in Recession"

[15:42] "Real Estate Without the Hassle"

[17:23] "Self-Storage: A Mom-and-Pop Market"

[20:46] "Finding Strengths and Building Skills"

[24:29] "Embrace Opportunities Beyond Home"

[27:57] "AI Insights from a Mastermind"

[30:25] AI-Powered Market Analysis Simplified

[36:15] "AI's Role in Targeted Advertising"

[39:00] "Targeting Demographics and Platforms"

[40:49] "Personal Growth and Advisory Boards"

[44:23] "Honolulu Investor Meetups Invite"

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Private Credit, Oil, and Gas: Tad Fallows Shares Cash Flow Plays for Investors

Wed, 11 Feb 2026 21:14:01 +0000

Welcome to The Cashflow Project Podcast! In this episode, we sit down with Tad Fallows, co-founder and managing director of Long Angle—a private community for high-net-worth entrepreneurs and executives across 45 countries.

Tad shares his journey from bootstrapping a software company during the financial crisis to building Long Angle, a platform designed to provide authentic, unsponsored access to alternative investments. We dive into strategies beyond traditional real estate and index funds, including private equity, private credit, energy, and other exclusive opportunities typically reserved for institutions.

If you’re looking to diversify your portfolio, expand your network, and gain insight into lesser-known asset classes, this episode delivers practical wisdom and valuable perspective—plus a rapid-fire round packed with books, lessons, and investor advice.

[00:00] Sudden Wealth and Its Challenges

[03:42] Alternative Investments for Wealth Growth

[07:39] "Diversification for Smoother Returns"

[13:00] Diversified Investing Insights

[14:33] Private Credit for Medium Businesses

[18:14] Alternative Investment Strategies

[20:13] "Oil Royalties and Investment Risks"

[25:48] Energy Trends and Political Impact

[28:00] Oil Demand and Green Transition

[32:10] "Long-Term Bullish on Energy Investment"

[35:13] Leveraging Connections for Success

[39:24] "Lessons from Real Estate Management"

[40:37] "Profiting Despite Real Estate Mistakes"

[43:52] "Take Action, Level Up"

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Doubling Business Valuation and Building Legacy: The Inspirational Journey of Marc Adams

Fri, 30 Jan 2026 23:36:44 +0000

Welcome back to The Cashflow Project! In this episode, Marc Adams—strategy mentor, business exit planner, bestselling author, and cancer survivor—shares how a stage four diagnosis during the pandemic reshaped his mission from building companies to helping founders maximize business value and keep more wealth when they exit.

Marc dives into strategies that help owner-led businesses increase valuation without additional spending, navigate the tax complexities of selling a company, and build a legacy that goes beyond profit. Drawing from his experience in real estate and his “Double and Keep It Blueprint,” he offers practical insights on creating impact while preparing for a successful exit.

Whether you’re scaling a business, planning a future sale, or looking for inspiration to take decisive action, this episode delivers powerful lessons on purpose, resilience, and building wealth with intention.

[00:00] "Entrepreneurial Journey and Lessons"

[03:35] "Private Equity Reflections and Cancer"

[09:06] "Good News, Bad News at Hospital"

[12:19] "Double Business Value Blueprint"

[14:40] From Cancer to Business Success

[18:24] "Navigating Business Growth Challenges"

[19:41] "Global AI-Powered Business Solutions"

[22:59] "Living with Purpose and Impact"

[26:16] "Rethinking Education: Online Learning"

[29:19] "Reflections on Redemption and Purpose"

[32:37] Business Continuity and Legacy Planning

[38:31] Start, Adjust, and Progress

[40:46] "Comfort Breeds Apathy"

[44:52] "Inspiring Journey with Mark Adams"

[46:13] "Subscribe, Share, Take Action"

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Turbocharge Your Wealth with Cost Segregation and the Power of Tax Incentives - Gian Pazzia

Thu, 15 Jan 2026 20:12:59 +0000

On this episode of The Cashflow Project, we’re joined by industry leader Gian Pazzia, founder of KBKG and a nationally recognized expert in cost segregation. With over 25 years of experience, Gian shares his journey from structural engineering at Purdue to the Big Four accounting firms, and ultimately co-founding one of the leading tax-strategy firms for real estate investors.

Gian breaks down how cost segregation works and why it’s one of the most powerful tax-saving tools available to investors of all sizes. He covers how the strategy has evolved over the years, common misconceptions, and how modern technology—including AI—is reshaping the process.

Whether you’re new to real estate or scaling a large portfolio, this episode delivers practical insights on reducing taxes, improving cash flow, and using the tax code to build long-term wealth.

[00:00] "Journey into Cost Segregation"

[04:09] "Step Out and Take Risks"

[10:00] "Real Estate Market Outlook"

[11:04] "Tax Changes and Cost Segregation"

[15:25] Active vs. Passive Investment Strategies

[17:59] Using Depreciation in Real Estate

[20:45] "Powerful Benefits of Real Estate"

[24:15] "Cost Segregation for Small Properties"

[27:33] "Check Show Notes for Details"

[32:00] "Path to Financial Freedom Advice"

[36:30] "Monthly Meetups for Networking"

[36:59] "Like, Share, Subscribe, Act"

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Diversify Like the Ultra-Wealthy: Alternative Investing Strategies with Patrick Grimes

Wed, 07 Jan 2026 13:00:19 +0000

Welcome back to The Cashflow Project! In this episode, we’re joined by Patrick Grimes—founder of Passive Investing Mastery, Amazon bestselling author, and Forbes Council contributor. Patrick shares his journey from robotics engineering to building a highly diversified portfolio across real estate, energy, litigation finance, commercial lending, and other alternative investments.

Patrick explains why true diversification goes beyond stocks and real estate, and how sophisticated investors reduce risk through non-correlated assets in industries like medical and legal services. He breaks down his process-driven investment philosophy and highlights lesser-known opportunities most investors overlook.

Whether you’re a high-earning professional, W2 employee, or investor looking to future-proof your wealth, this episode offers practical insights into alternative investing and building resilience in any market cycle.

Tune in to learn how to grow and protect your wealth—even during economic uncertainty.

[00:00] "From Tech to Real Estate"

[04:24] "From Lockdown to Lanikai"

[08:08] "True Non-Correlated Alternatives Explained"

[12:13] "Investing Education and Accessibility"

[13:29] "Exploring Alternative Investment Opportunities"

[16:03] Legal Funding: Risk and Reward

[22:09] "Overcoming Analysis Paralysis"

[23:00] "Cross-Functional Team Collaboration"

[27:44] "Sharing Insights Through Education"

[29:27] "Legacy, Time, and Fire Round"

[33:54] "Lessons in Balance and Diversification"

[37:07] "New Medical & Investing Opportunities"

[39:55] "Join, Connect, Like & Share"

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From House Hacking to Private Equity Funds: Mark Khuri’s Path to Diversified Cashflow

Thu, 18 Dec 2025 15:07:01 +0000

Welcome to The Cashflow Project podcast! In this episode, we sit down with Mark Khuri, co-founder of SMK Capital Management and a real estate investor with over 20 years of experience. Mark shares his journey from managing his father’s apartment buildings to building a diversified portfolio that includes single-family homes, multifamily, mobile home parks, and self-storage.

We dive into key lessons from multiple market cycles, the transition from residential to commercial real estate, and why diversification and strong partnerships matter more than ever. Mark also breaks down current market trends, bonus depreciation, and how interest rates and supply-and-demand shifts are creating new opportunities.

Whether you’re just getting started or scaling your portfolio, this episode delivers practical insights on managing risk, growing wealth, and navigating today’s evolving real estate landscape.

[00:00] "From W2 to Real Estate"

[04:10] From Rental to Investment Scaling

[08:07] "Investing in Passive Real Estate"

[10:38] "Focused Investment for Lower Risk"

[15:14] Challenges in Building Mobile Home Parks

[17:20] Investing in Mobile Home Parks

[22:43] Restoration of 100% Bonus Depreciation

[24:35] "Tax Incentives Fuel Private Investment"

[26:58] "Commercial Real Estate Prices Rebound"

[30:51] "Market Trends Amid Uncertainty"

[36:05] "Clear Communication is Critical"

[38:33] "Start Investing: Visit SMKCap"

[40:36] "Investing & Networking Opportunities"

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How Design Impacts Real Estate Success: Insights From Marcy Sagel’s Decades in the Industry

Wed, 10 Dec 2025 18:44:34 +0000

Welcome back to The Cashflow Project!

In this episode, we’re joined by Marcy Sagel, founder and principal of MSA Interiors, a leading commercial interior design firm specializing in multifamily, student housing, senior living, and affordable housing projects nationwide.

With over 25 years of experience, Marcy shares her journey from discovering design as a teenager to building a successful firm through multiple market cycles. We dive into the role of design in real estate, the importance of mentorship and adaptability, and how diversification and thoughtful planning lead to long-term success.

Whether you’re an investor, entrepreneur, or passionate about real estate and design, this episode is full of insight and inspiration.

[00:00] "Design Journey and Insights"

[04:55] "Efficient Project Documentation Tips"

[09:55] "Reflections on Construction Projects"

[12:55] "Impactful Project Visualization Tactics"

[16:06] "Outdoor Space Design Insights"

[20:09] Space Planning for Long-Term Durability

[20:56] Long-Term Project Functionality Planning

[24:51] Development Delays and Partnerships

[30:01] Geographic and Strategy Diversification

[32:22] "Lesson Learned Through Diversification"

[35:11] "Entrepreneurship and Importance of Community"

[37:14] Adaptable Strategies for Entrepreneurs

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Empowered Money Strategies for Entrepreneurs and Families - Alan Franks

Wed, 03 Dec 2025 17:45:01 +0000

Welcome back to The Cashflow Project!

This week, Steve Fierros sits down with Alan Franks—founder of the Business Planning Institute, author of Empowered Money, and a certified financial planner who blends traditional finance with real estate and business strategy.

Alan shares his path from a commission-only insurance job to building a thriving planning practice focused on helping people reverse-engineer wealth and create generational impact. He breaks down how to value and scale a business, accelerate wealth through intentional planning, and avoid common financial pitfalls—all grounded in lessons learned as both an advisor and investor.

If you’re ready to grow your business, plan your financial future, and build lasting wealth, this episode is packed with practical takeaways you won’t want to miss.

[00:00] "Journey from Struggles to Success"

[05:54] "Building Legacy Through Lessons"

[10:11] "Millennials, Money, and Financial Growth"

[14:21] "Building Wealth: Strategies and Tradeoffs"

[22:26] "Building Independence Through Business"

[26:33] "Maximizing Business Value & Growth"

[30:17] "Learning Business by Doing"

[32:33] "Leadership, Investment, and Fire Round"

[38:01] "Build Your Parachute First"

[41:44] "Insights from Alan Franks"

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Gold vs Real Estate: Building Resilient Wealth with David Morgan

Wed, 26 Nov 2025 12:00:22 +0000

Welcome to a special episode of The Cashflow Project!

This week, Steve Fierros sits down with precious metals expert David Morgan—author of The Silver Manifesto and publisher of The Morgan Report—to discuss how to protect your wealth in an increasingly unstable financial system.

David breaks down monetary history, the dangers of currency debasement, and why hard assets like gold, silver, and real estate remain essential hedges against inflation and political uncertainty. You’ll hear practical strategies, personal stories, and a preview of his upcoming documentary Silver Sunrise, exploring the spiritual and societal impacts of today’s financial landscape.

Whether you’re new to investing or well on your way, this episode delivers powerful insights on safeguarding your wealth and gaining real financial independence.

[00:00] "Money, Control, and Freedom"

[06:00] Track Finances with Personal Statement

[09:04] "Precious Metals Vs. Fiat Currency"

[12:11] Crypto and Precious Metals Experiment

[15:16] From Books to Documentary Filmmaking

[18:48] "Documentary Sparks Financial Reflection"

[22:34] Protecting Wealth and Freedom

[24:04] Exclusive Free Gifts & Consultation

[28:04] "Passion Fuels Perseverance"

[32:34] "Monthly Investor Meetups"

[33:35] "Next Episode Awaits"

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How Boring Investments Can Change Lives: Paul Moore’s Approach to Wealth and Impact

Wed, 19 Nov 2025 18:02:56 +0000

In this episode, we sit down with returning guest Paul Moore—investor, entrepreneur, and author with decades of experience across hundreds of deals and multiple commercial real estate funds.

Paul shares timeless lessons on building real wealth, the difference between investing and speculating, and why “boring” assets like mobile home parks can deliver steady, lasting cash flow. He also opens up about his mission to fight human trafficking and how financial success can fuel meaningful impact.

If you’re looking to diversify, grow your portfolio, or use your resources for a greater purpose, this episode is full of wisdom and actionable insights.

[00:00] "Wide-Ranging Talk with Purpose"

[04:55] "Capital Stewardship and Leadership"

[08:32] "Multifamily Investing vs. Speculation"

[13:14] "Investing Wisdom: Buffett & Lynch"

[15:43] "Boring Investing Brings True Wealth"

[17:07] "Boring Investments, Eternal Rewards"

[20:51] "Living a Fearless Life"

[25:21] "Start Small, Build Stewardship"

[28:46] "Improving Housing Communication & Ownership"

[31:45] "Visionary vs. Implementation Struggles"

[35:14] "Learning Through Failure"

[37:39] "Building Legacy and Community"

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Retirement Planning and Diversification Through Life Settlement Funds with Ben Mohr

Tue, 28 Oct 2025 13:00:20 +0000

Welcome back to The Cashflow Project!

In this episode, we chat with Ben Mohr, founder and CEO of Ben Mohr LLC, about a unique and often overlooked investment strategy—life settlements. With decades of experience in retirement and income planning, Ben explains how life settlements provide diversification beyond market cycles and real estate, offering stability and strong returns.

He shares his journey from broadcast journalism to financial advising, revealing how life settlements help both seniors seeking liquidity and investors seeking alternative assets.

If you’re ready to explore new ways to build cash flow while making an impact, this episode is a must-listen.

[00:00] "Real Estate & Financial Freedom"

[04:19] Understanding Life Settlements

[08:47] "Compound Interest Rate Analysis"

[12:44] Life Settlements: Transparency Challenges

[13:46] Comprehensive Personal History Insights

[18:35] Policy Negotiation Challenges

[22:42] Policy Agreement and Tracking Process

[23:13] Social Media and Death Verification

[29:06] "Quality of Life Priorities"

[29:47] "Long-Term Care Misconceptions"

[34:26] Liquidity Challenges and Capital Solutions

[36:03] "Free Insurance, Money Returned"

[39:19] "Life Asset Investment Basics"

[43:33] "Must-Read for Life Understanding"

[47:34] Growth Through Hardship

[50:11] "Self-Honesty Is Everything"

[55:05] "Investing Opportunities & Community Connections"

[55:53] "Next Episode Coming Soon"

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Unlocking 1031 Exchange Secrets: Jon Hilley Shares Strategies for Investors Big and Small

Sat, 11 Oct 2025 03:15:53 +0000

Welcome back to The Cashflow Project!

In this episode, host Steve Fierros chats with Jon Hilley, co-founder of 1031 Specialists, a tech-driven platform transforming the world of 1031 exchanges.

Jon shares his path from Goldman Sachs analyst to real estate innovator, explaining how technology and top-tier service have helped his firm become a leader in this niche market. He breaks down how 1031 exchanges can help investors preserve capital, defer taxes, and scale faster, while clearing up common misconceptions about the process.

Whether you’re a seasoned investor or just starting, you’ll learn how to leverage compounding gains and smart reinvestment strategies to accelerate your wealth-building journey.

Tune in to uncover how innovation, mindset, and the right strategy can help you keep more of your profits and grow your real estate portfolio.

[00:00] "1031 Expertise & Background"

[04:46] "Blue Ocean Industry Leadership"

[08:16] "Building Through Market Challenges"

[10:29] Marketplace Opportunities for Investors

[14:40] "Tech for Better Client Service"

[17:02] "Leveraging AI for Client Service"

[22:28] Breaking Investment Barriers Beyond Hawaii

[26:15] "Investing Opportunities in Hawaii"

[27:54] "Soft Market, Contingent Offers"

[33:15] "Practical Tools for Financial Freedom"

[35:32] Innovative 1031 Exchange Strategies

[36:45] "Investing Info & Networking Resources"

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Breaking Franchise Myths: Kim Daly’s Secrets to Business Success Without Experience

Fri, 03 Oct 2025 00:40:35 +0000

Welcome back to The Cashflow Project! In this episode, host Steve Fierros sits down with Kim Daly, one of the nation’s top franchise consultants and the force behind the largest franchise consulting business in history. Backed by a “millionaire mindset,” Kim has helped thousands of entrepreneurs achieve financial freedom through franchising—and built her own success along the way.

She breaks down the real story behind franchising—why it’s more than fast food chains, how mindset shapes success, and why passion for the owner’s role matters most. From her beginnings as a nutritional biochemist to overcoming setbacks like 9/11, Kim shares powerful lessons on turning obstacles into opportunities.

If you’ve ever dreamed of business ownership but didn’t know where to start, this episode is for you. Tune in to discover how the right mindset, coach, and system can help you build wealth and freedom through franchising.

[00:00] Career Pivot to Franchise Consulting

[06:50] "Discovering My Calling in Franchising"

[08:41] Finding Guidance and Purpose

[12:01] Passion Key to Franchise Success

[16:17] Franchise Guidance for Investors

[18:32] Franchise Consultation: No Risk, No Cost

[20:59] Passion vs. Practicality in Retirement

[25:33] Franchise Success and Alternative Investing

[27:53] Achieving Wealth Through Franchising

[33:02] "Embrace Life's Magic, Don't Strive"

[35:50] Franchise Matchmaking & Investment Opportunities

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Blockchain Meets Real Estate Investing: Tyler Vinson on Blockchain and Tokenized Investments

Thu, 25 Sep 2025 13:00:28 +0000

Welcome back to The Cashflow Project! In this episode, host Steve Fierros sits down with Tyler Vinson, CEO of RE Tokens, a cutting-edge platform at the forefront of real estate tokenization. Tyler shares his inspiring journey from traditional real estate investing to pioneering digital ETFs that aim to revolutionize access, liquidity, and investment opportunities in real estate. Together, they explore how tokenization is breaking down barriers for everyday investors, expanding global access, and streamlining how deals are structured, funded, and traded. Steve and Tyler also dive deep into what tokenized real estate really means, the technology behind it, who stands to benefit the most, and what the future holds for this emerging segment—including the upcoming launch of a regulated secondary marketplace. If you’re curious about how blockchain and digital innovation are changing the face of real estate investing, this episode is a must-listen.

[00:00] "Real Estate Tokenization Discussion"

[05:17] Real Estate Tokenization Focus

[09:50] Tokenization: New Solutions for Wealth

[11:35] "Tech-Enhanced Real Estate Deals"

[16:03] Unlocking Real Estate Liquidity

[18:28] Democratizing Investment Opportunities

[22:53] Tapping Global Market for Funding

[25:13] Real Estate Token Leverage Insights

[28:15] Financial Tokenization Unlocks New Opportunities

[31:30] "Consistent Action Fuels Achievement"

[33:31] Blockchain's Future with Tyler Benson

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Using Whole Life Insurance as Your Wealth Storehouse with Coach Doug Peacock

Wed, 17 Sep 2025 10:00:22 +0000

Welcome to The Cashflow Project! In this episode, we chat with Coach Doug Peacock, CEO of Peacock Wealth Group and former football coach turned personal finance expert. Doug shares how coaching shaped his approach to helping families master the “personal cash flow game.”

He reveals why most Americans play a financial game they don’t fully understand, the pitfalls of student loans, and strategies for funding college without wrecking retirement. Doug also explains how dividend-paying whole life insurance can be a powerful wealth tool—just like banks and top investors use.

Packed with practical tips and fresh perspectives, this episode is a must-listen for anyone ready to crush debt, grow tax-exempt cash flow, and take control of their financial future.

[00:00] Efficient College Funding Expert

[05:37] "Winning Hawaii Trip While Teaching"

[09:12] "Demystifying Finance for Americans"

[12:58] "Unwinnable Game of Unknown Rules"

[14:49] "Building Wealth Independently & Tax-Free"

[18:46] Off-Radar Tax Strategy Unveiled

[22:06] Taxes: The Overlooked Retirement Drawback

[23:56] Real Estate and Tax Advice

[27:31] Bank Failures vs. Insurance Stability

[31:42] "Optimized Whole Life Policy Benefits"

[34:08] Insurance vs. Investment: Tax Implications

[37:52] Privacy-First Investment Approach

[42:39] "Non-Aggressive Financial Coaching Approach"

[45:21] Connect with Honolulu Multifamily Group

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From MMA Fighter to Franchise Consultant: Lance Hood’s Guide to Wealth and Freedom

Fri, 05 Sep 2025 15:51:48 +0000

Welcome back to The Cashflow Project!

Today we sit down with Lance Hood—a former MMA fighter turned entrepreneur and franchise consultant. Lance shares his journey from the fighting ring to building wealth through franchises, and how this model helps people escape the 9-to-5 grind. He breaks down practical strategies for choosing the right franchise, even without big capital or prior business experience, and emphasizes mentorship, mindset, and stepping out of your comfort zone.

Whether you’re franchise-curious, an aspiring business owner, or looking to diversify income, this episode is packed with insights to spark your next big move.

[00:00] Embracing Mistakes for Success

[05:21] Business Consulting Value

[09:37] Leadership vs. Employee Mindset Shift

[11:25] "Multi-Unit Franchise Benefits"

[16:52] AI: Enabler of Entrepreneurship

[20:09] "Invest in Essential, High-Margin Industries"

[23:15] Company Culture and Leadership Influence

[25:40] Franchise Cost Overview

[28:45] Leveraging Established Business Systems

[31:25] Military to Franchise Transition Benefits

[36:50] Embrace New Challenges

[37:42] Support Systems Shape Mindsets

[43:07] "Join Our Supportive Community Meetup"

[44:09] "Seek Growth, Embrace Challenge"

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From Fraternity House Hack to Island Ownership: Mike Cossette’s Diverse Investment Journey

Fri, 29 Aug 2025 13:00:21 +0000

Welcome back to The Cashflow Project! In this episode, we sit down with Mike Cossette—real estate broker, investor, and co-owner of RE/MAX Gateway in Austin, Texas. From house hacking in college with his fraternity brothers to building a diverse portfolio of luxury homes, multifamily, Airbnbs, and even a Florida island, Mike shares how creative financing, path-of-progress investing, and taking calculated risks shaped his journey.

Packed with insights on resilience, diversification, and opportunities in Central Texas, this conversation is a must-listen for both new and seasoned investors.

[00:00] College Real Estate Journey

[04:55] Fraternity-Inspired Real Estate Venture

[09:23] House Hacking: Maximize Financial Potential

[13:07] Surviving Hurricanes with SBA Help

[16:31] Central Texas Warehouse Investment Boom

[18:01] Warehouse Investment Boom

[23:52] Single Property vs. Multiple Properties

[24:37] "Multifamily Real Estate Leverage Benefits"

[30:41] Real Estate Agents: Invest to Succeed

[33:11] "Networking Wisdom for 20-Somethings"

[38:13] Chat with Investor Mike Cassetti

[39:00] Meetups and Conference in Honolulu

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Unlocking Early Retirement with Self-Directed IRAs: Brett Synicky

Thu, 17 Jul 2025 23:00:13 +0000

Welcome back to The Cashflow Project! In this episode, we chat with Brett Synicky—real estate investor, licensed agent, and self-directed IRA & solo 401k expert at Sense Financial. Brett shares lessons from his 18+ years in real estate, from helping at his dad’s rentals to navigating the 2008 crash. Learn how to use retirement accounts creatively, reduce taxes, and tap into passive investing and private lending. If you’re ready to unlock hidden capital and build real wealth, don’t miss this one!

[00:00] Real Estate & Financial Flexibility

[04:45] Real Estate Journey with Solo 401k

[09:55] Illusions of Easy Money

[12:23] Market Shifts and Career Pivot

[16:24] Solo 401k Loan for Real Estate

[19:41] "Invest in What You Know"

[21:45] Investment Vulnerability Revealed by Covid

[26:09] Exploring Retirement Options Proactively

[26:46] Currency Devaluation and Asset Strategy

[32:32] Bypassing Custodians with LLC or Trust

[33:15] Efficient Investment Management Approach

[37:58] "Advice: Get Right with God Early"

[39:38] No TV: Create Your Vision

[43:06] Wealth Growth Monthly Meetings

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Investing Beyond Borders: Veteran Axel Meierhoefer’s Approach to Real Estate

Tue, 08 Jul 2025 13:00:23 +0000

Welcome back to The Cashflow Project! In this episode, we chat with Dr. Axel Meierhoefer—Air Force veteran, international real estate investor, and host of the Ideal Investor Show. Originally from Germany, Axel shares how his global military career inspired him to build a diverse real estate portfolio across the US and abroad. He breaks down strategies like 1031 exchanges and turnkey investing, plus his mindset for overcoming fear and investing out of state. Get ready for global insights and practical tips to create financial freedom! 🌍🏡

[00:00] From Military to Real Estate Investor

[03:54] From Military to Real Estate Investing

[09:56] Balancing Focus in a Distracted Era

[10:49] "Generational Change and Rebuilding"

[15:43] Transitioning to the Age of Abundance

[18:12] "Imagining a Work-Free Future"

[22:50] Affordable Property Investment Strategies

[26:51] "Benefits of Turnkey Property Investments"

[31:33] "Invest Early for Time Freedom"

[34:29] Discover and Pursue Life Passions

[37:05] Early Investment Pays Off

[40:39] "Connect & Invest with Tri City"

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Discover the Secret to Higher Cash Flow Through Creative Note Investing

Mon, 23 Jun 2025 17:42:22 +0000

Welcome back to The Cashflow Project! In this episode, we chat with note investing legend Eddie Speed, founder of Note School and president of Colonial Funding Group. With over 40 years in the business, Eddie shares why creative financing and note investing are powerful tools in today’s market—and how being the bank can often beat being the landlord. Whether you're looking to boost cash flow or diversify your portfolio, this episode is packed with expert tips and timeless wealth-building strategies. 🎧💼

[00:00] From Cattle Barn to Finance

[05:56] Origin of HomeVestors Connection

[08:40] "Maximize Returns with Seller Financing"

[11:40] "Better to Be a Bank"

[15:50] Mastermind's Market Insight Ignored

[18:05] Economic Shift from Rent to Notes

[22:47] Real Estate Note Strategy Basics

[26:19] "Scaling Matters: Focus and Clarity"

[28:07] Financial Education Package Offer

[31:02] "Invest in Banking Strategies"

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Demystifying Tax Liens and Deeds: Insights from Brian Seidensticker

Wed, 04 Jun 2025 11:40:25 +0000

Welcome back to The Cashflow Project! Today, we sit down with Brian Seidensticker, founder of Tax Sale Resources (TSR), to discuss how data and technology are reshaping the world of tax liens and deeds. Brian shares his journey from aerospace to real estate, highlighting misunderstood opportunities and strategies in distressed asset investing. Whether you’re curious about tax sales or exploring innovative ways to find cash flow, this episode is packed with insights you won’t want to miss! 🎧💡

[00:00] Tax Lien Threats in Montana

[04:26] Birth of Taxable Resources Venture

[07:38] "Scaling Auction Financing Growth"

[12:43] Implementing Tech Solutions for Capital

[14:17] Tax Sale Property Investment Strategy

[18:46] Tax Sale Market Challenges

[19:46] "Real Estate Insights Revolution"

[23:40] Commercial Real Estate and Bank Risk

[26:24] Exponential Growth in Funding Rounds

[30:01] "Enacting Solutions as Superpower"

[33:32] "Embrace Persistence and Flexibility"

[36:11] "Exploring Tax Sale Investment Opportunities"

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How Cost Segregation Can Transform Your Real Estate Investment Cash Flow - Brian Kiczula

Tue, 20 May 2025 13:00:20 +0000

Welcome to The Cashflow Project! In this episode, Steve Fierros chats with Brian Kiczula, a real estate pro and cost segregation expert. Brian shares how cost segregation can help investors reduce taxes and boost cash flow—whether you're just starting out or managing millions. From bonus depreciation to avoiding common tax pitfalls, Brian breaks it all down. Plus, he shares how resilience and reinvention shaped his career after personal health setbacks. Don’t miss this powerful episode full of actionable tax-saving strategies! 🎙️💰

[00:00] Real Estate and Mortgage Beginnings

[06:39] Real Estate Depreciation Insights

[10:36] Cost Segregation Study Walkthrough

[12:42] Asset Depreciation Strategy Summary

[17:58] Asset Depreciation Affects Market Value

[21:06] Depreciation and Income Offset Strategies

[23:50] Short-Term Rental Investment Strategy

[27:06] Exploring Diverse Real Estate Projects

[30:56] Invest with Tri City Equity

[31:32] Invest and Learn: Hawaii Conference

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Mastering Rentals and Flips: Joel Miller’s Real Estate Strategies

Wed, 07 May 2025 12:00:29 +0000

Welcome back to The Cashflow Project! In this episode, we chat with real estate veteran Joel Miller, who’s been investing since 1978. From flipping over 100 homes to authoring Build Real Estate Wealth, Joel shares stories and strategies shaped by decades in the business. You'll hear lessons on mindset, lender relationships, and building wealth—plus a few laughs along the way. Whether you're just starting or scaling up, this episode is full of real-world advice you won’t want to miss. 🎧💼

[00:00] Dreams of Real Estate and DJing

[06:07] "Build Real Estate Wealth Bestseller"

[07:15] Real Estate for All Levels

[12:26] Experience Matters in Business Writing

[13:24] Banker Summit Insights

[16:56] Persistence Pays Off in Banking Negotiation

[20:46] "Business Financial Management Essentials"

[25:14] Separate Entity Statements for Bank Forms

[27:51] "Limited Property Work and College Job"

[30:31] Real Estate Evolution: Past to AI

[36:11] "Think Bigger for Greater Success"

[38:54] Book Preview and Contact Options

[41:55] Experienced Real Estate Investor Insights

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The Rise of Unanchored Strip Centers in Retail Real Estate - Cameron Hastings

Wed, 16 Apr 2025 11:33:26 +0000

Welcome to The Cashflow Project! In this episode, we sit down with Cameron Hastings, principal at Land Theory and advisor to multiple private funds. With a background in architecture and commercial real estate, Cameron shares key strategies for navigating market cycles, building strong portfolios, and identifying growth opportunities in emerging spaces. Whether you're diversifying or exploring new trends, this episode offers actionable insights from a seasoned expert. Tune in and learn how to turn vision into value! 🎧💼

[00:00] From Architect to Real Estate

[03:05] "Transitioning to Large-Scale Development"

[07:28] Learning From Global Strategies

[11:29] Real Estate Investment Strategies

[12:57] Small Businesses vs. Retail Giants

[16:06] Rising Foot Traffic in Local Centers

[21:37] Unanchored Centers Gain Investment Traction

[23:32] Invest Beyond Local Markets

[28:06] Rethinking Investment Diversification

[32:12] Investing Insights and Networking Opportunities

[33:32] "Millionaire Mindset Conference Alert!"

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Hospitality Meets Real Estate: Mark Lumpkin’s Guide to Short Term Rental Excellence

Wed, 02 Apr 2025 16:49:28 +0000

Welcome to another episode of The Cashflow Project podcast! In today's episode, we dive into the world of short-term rentals. Our special guest, Mark Lumpkin, shares his wealth of experience in setting up over 500 top-performing short-term rentals. From his start in the industry a decade ago to his travels across the globe, Mark brings a unique perspective on how to transform properties into standout vacation spots. With a keen eye for renovations, design, and hospitality, he reveals the strategies that ensure success in an ever-evolving market. Whether you're a seasoned investor or just starting out, this conversation is packed with valuable insights on amenities, guest avatars, and market trends. Tune in to discover how to make your properties shine and generate impressive returns!

[00:00] "Short-Term Rental Design Strategies"

[06:28] Hospitality and Property Management Challenges

[09:30] Tailored Hospitality Strategy

[10:55] "Niches Drive Success"

[15:24] Current Market Trends Overview

[19:41] "Short-Term Rental Regulation Insights"

[20:53] Regulated Markets and Tourism Demand

[26:13] Unique Real Estate: Airbnb Advantage

[30:12] "Don't Burn Bridges"

[33:27] "Property Investment & Expert Advice"

[35:01] "Short-term Rental Setup Insights"

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How to Find Profitable Deals & Scale Your Portfolio Like a Pro! 🚀🏡

Thu, 20 Mar 2025 13:00:24 +0000

Welcome to another exciting episode of The Cash Flow Project podcast! Today, we have a special guest joining us—Robert Brown, also known as the Dirt Whisperer. With over 35 years of experience in the foundation industry, Robert is an esteemed foundation industry expert renowned for his deep understanding and ability to tackle complex issues with ease. We'll dive into his journey from studying architecture and finance at Arizona State University to becoming a leader in foundation repair and a successful business owner. Robert also shares insights from his highly acclaimed book, "Foundation Repair Secrets," offering valuable advice on protecting your investments and saving thousands, whether you're a homeowner or an investor. Join us as Steve Fierros, your host, engages in a lively discussion with Robert Brown, unveiling the secrets to successful foundation repair and investment strategies. This episode is a must-listen for anyone looking to deepen their knowledge in real estate and entrepreneurship. Stay tuned!

[00:00] Concrete and Foundation Repair Journey

[05:30] Evolving Phoenix Market Adaptations

[08:29] Transitioning to Property Ownership

[11:49] Calm Business Sale Strategy

[14:15] Unlicensed Engineering Practices Exposed

[18:00] "Real Estate Market Variability"

[19:23] Property Inspection and Local Resource Network

[24:17] Slope and Moisture Management Tips

[28:40] "Dirt Whisperer: Finance to Construction"

[29:18] Connect with Honolulu Real Estate

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From Single-Family to 1,000+ Units: Lessons from 46 Years in the Industry - Arn Cenedella

Fri, 07 Mar 2025 13:00:24 +0000

In this episode of The Cashflow Project, we are joined by Arn Cenedella from Spark Investment Group. With over 46 years of experience in the real estate industry, Arn shares his journey from being a real estate broker to managing a multifamily portfolio as a general partner. The discussion delves into his transition from single-family to multifamily investments, the importance of investing in diverse and growing markets, and strategic insights for navigating market fluctuations. Tune in as they explore long-term investment strategies, the value of forming strong teams, and key lessons learned through various market cycles. Whether you're a seasoned investor or new to real estate, this episode is packed with valuable insights to help you succeed in today's dynamic market.

[00:00] Economic Sentiment Post-2024 Election

[05:09] Brokers Should Also Be Investors

[07:11] From Scattered Properties to Multifamily

[10:36] Building a Real Estate Team

[16:36] Investing and Macro Trends Awareness

[17:45] Long-Term Fixed Rate Real Estate Strategy

[22:32] Long-Term Investing Strategy Essentials

[25:12] Investing: Diversify for Passive Income

[27:15] Passionate Retirement Through Real Estate

[31:04] "Team Building Over Solo Work"

[34:13] Chat with Arn Cinedadella

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Learning from Experience: Luis Belmonte's 57-Year Real Estate Career

Thu, 20 Feb 2025 12:24:29 +0000

Welcome to The Cashflow Project! Today, we’re joined by Luis Belmonte, a real estate developer with 57+ years of experience in retail, multifamily, and industrial projects. As a principal at Seven Hills Properties and former executive at Prologis, Luis has led major developments across the U.S., Mexico, Japan, and Singapore. He shares lessons on market adaptability, interest rates, and staying true to your niche. Whether you're an investor or entrepreneur, this episode is packed with insights. Tune in now! 🎧🏡

[00:00] From Marine to Real Estate Venture

[03:40] Failed House Flip Lessons

[09:36] Mexican Land Ownership Complexity

[10:34] Title Verification Challenges

[16:16] "Evolving Real Estate Cycles"

[18:12] Positive Leverage in Real Estate

[21:42] Office Market Faces Oversupply Crisis

[25:21] Investment Strategy: Align Time Horizons

[29:01] Living for Giggles: Books & Insights

[33:33] Learning from Historical Mistakes

[36:09] "Real Estate Instincts Explained"

[39:24] "Connecting with Our Guest"

[41:36] Engage and Share: Podcast Call-to-Action

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Real Estate Investing in 2025: James Alexander’s Winning Strategies! 📈🏠

Thu, 13 Feb 2025 00:18:05 +0000

Welcome to The Cashflow Project! In this episode, we’re joined by wealth advisor James Alexander from Edge Financial Advisors. With experience at TD Ameritrade and Scottrade, James shares insights on financial planning, maximizing cash flow, and securing your future. We explore his journey from aspiring math professor to financial expert and break down strategies for navigating today’s economy. Whether you're aiming for early retirement or financial security, this episode is packed with expert advice to refine your financial roadmap. Tune in!

[00:00] Wealth-Building Advice with James

[04:21] Stock Broker's Wealth Optimization Journey

[06:43] Shifting Job Market Dynamics

[11:35] Managing Information Overload

[14:39] Stay Focused, Avoid Distractions

[16:51] Early Retirement Financial Plan

[22:43] "Live Your Desired Life"

[25:26] Unsearchable Financial Insights Podcast

[29:13] Balance Wealth Building and Self-Care

[30:38] Financial Planning with James Alexander

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The #1 Thing That Separates Successful Property Managers from the Rest - Pete Neubig

Wed, 05 Feb 2025 13:00:24 +0000

Welcome to *The Cash Flow Project! Today, we’re joined by Pete Neubig, a real estate veteran whose journey began in 2001. From co-founding Empire Industries to selling it and becoming VP at MIN Management, Pete has built a thriving career. Now, as CEO of VPM Solutions, he’s revolutionizing how real estate connects with virtual teams. Tune in as we explore his challenges, wins, and key lessons in real estate and entrepreneurship! 🚀🎧

[00:00] "Rethinking Retirement at 30"

[06:23] Finding Mentors for Success

[07:00] Embrace Change: Seek Better Opportunities

[12:04] "Journey to Real Estate Investing"

[13:08] Real Estate Investment Lessons

[18:17] Dubious Mortgage Clause Explained

[19:18] Credit and Real Estate Investment Insights

[23:20] Unique Experiences Shape Investment Choices

[27:58] Creating Profitable Management Firm Blueprint

[28:47] Global Real Estate Job Platform

[32:44] Lifelong Learning Journey

[36:08] "Invest, Connect, Grow Locally"

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From Soccer Star to Real Estate Mogul: Vaughn Bethell's Inspiring Journey

Wed, 22 Jan 2025 14:26:06 +0000

Welcome to another episode of *The Cashflow Project*! Today, we’re joined by Vaughn Bethell, who transitioned from a professional soccer career to excelling in real estate. In just six years, Vaughn closed over 270 deals worth $20M, becoming a leader in South Carolina’s Latino business community. He shares his journey from the fitness industry to wholesaling, his strategies for building wealth, and his mission to help families achieve homeownership. Tune in for insights, inspiration, and actionable steps toward financial freedom!

[00:00] From Fitness to Real Estate Success

[05:43] Challenges of Sales with Limited Control

[09:23] Real Estate Investing Journey

[12:38] From Transactions to Residual Wealth

[15:55] Non-Traditional Market Value Creation

[19:09] "Empowering Tenants and Lenders"

[23:11] "Homeownership Goal: 500 Families by 2030"

[24:05] Creative Real Estate Strategies

[27:52] Rethinking Money and Business

[32:35] Value Elder Wisdom

[35:49] Coaching's Crucial Role in Sports

[39:47] Connect: Real Estate Meetups & Networking

[40:23] "Share, Review, Support Us"

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Asset Protection and Financial Growth Strategies with Brian Bradley

Wed, 15 Jan 2025 01:52:08 +0000

Welcome to The Cashflow Project! Today, we’re joined by Brian Bradley, a leading asset protection attorney and financial planner. Brian shares his journey from military aspirations to legal expertise, offering tips on maximizing time, such as his "Automobile University" approach to learning during commutes.

We discuss applying military principles in business, financial planning, and asset protection strategies, along with insights from his bestselling book Overexposed. Don’t miss this episode packed with actionable advice and inspiration!

[00:00] Transitioned from trial law to asset protection.

[04:31] Persevere, gain skills, build reputation, succeed eventually.

[09:42] Identified needs, created business for asset protection.

[12:01] Transitioned to business owner, scaled legal firm.

[15:29] Aging prompts financial planning and asset protection.

[19:02] Book addresses asset protection misinformation and confusion.

[20:01] Wrote asset protection guide; easy, comprehensive resource.

[25:30] Failure leads to eventual success through perseverance.

[27:27] Be tenacious but listen more, talk less.

[29:39] Experienced in legal, financial planning; bestselling author.

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Unlock Real Estate Tax Savings: Cost Segregation Strategies with Erik Oliver

Fri, 13 Dec 2024 12:30:24 +0000

Welcome back to The Cashflow Project! Today, we’re joined by Erik Oliver from Cost Segregation Authority, diving into how cost segregation can boost cash flow by accelerating depreciation. Erik shares tips for leveraging teamwork, maximizing deductions for short-term rentals, and navigating tax reforms that benefit smaller investors. Discover the importance of hiring specialists and knowledgeable advisors to optimize your investment strategy. Packed with actionable insights, this episode is a must-listen for smarter real estate planning. Let’s get started!

[00:00] Navigated career changes, found passion in cost segregation.

[05:11] Cost segregation identifies asset values for depreciation.

[06:35] Time value of money strategy against inflation.

[11:02] Senators delayed bill for political reasons.

[14:37] Cost segregation demand increases despite fewer transactions.

[18:46] Choose a tax advisor, not a preparer.

[21:32] Active participation can offset passive rental income.

[23:13] Invest for tax savings and property appreciation.

[28:33] Stick to strengths; hire experts for tasks.

[31:54] Addressing tax liabilities with past acquisitions insights.

[32:32] Review us; connect for financial growth opportunities.

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How 1031 Exchanges can Transform Your Real Estate Strategy: Insights from Brandon Burns

Tue, 03 Dec 2024 12:00:23 +0000

Welcome back to The Cashflow Project! Today, we’re joined by Brandon Burns from Vanguard 1031X, a certified exchange specialist with experience in over 4,000 transactions. Brandon breaks down the 1031 exchange, a tax-deferral tool that lets investors reinvest property proceeds without immediate tax liability. Learn how to navigate like-kind exchanges, Delaware Statutory Trusts, and timing hurdles, with real-life success stories and tips for maximizing returns. Whether you’re scaling investments or curious about real estate finance, this episode is packed with actionable insights. Tune in!

[00:00] Transitioned from profitable real estate to 1031 exchanges.

[05:28] Middle class shrinking; inflation and taxes rising.

[07:23] Use 1031 exchange to reposition investment goals.

[11:06] Journey creates wealth in niche investment banking.

[17:06] Buying different real estate: follow tax guidelines.

[19:09] Insightful ADU strategy unlocks real estate opportunities.

[21:16] Implemented rush fee for last-minute notices.

[26:16] Total four taxes: 30-38% due April.

[27:55] Charisma is a learned skill like sports.

[32:19] Thanks for sharing your knowledge and updates.

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Impact of Sustainable Design and Urban Planning with Kurt Volkman

Wed, 20 Nov 2024 12:00:24 +0000

Welcome back to The Cashflow Project! Today, we’re joined by Kurt Volkman, associate principal at HED, a leader in multifamily and mixed-use architecture. Kurt shares insights on "enlightened urbanism," blending sustainability and wellness into design. We’ll explore trends like Passive House projects, solutions for rising construction costs, and building resilience in storm-prone areas. With expertise shaped by his journey and upcoming appearance at Chicago Build Expo 2024, Kurt highlights the value of thoughtful, community-focused design. Don't miss this insightful conversation!

[00:00] Excited to discuss industry trends and insights.

[05:04] Global economy influences design with regional aspects.

[07:42] Educating officials enhances high-performance building adoption.

[12:36] Ensuring safety and longevity for residents' comfort.

[16:09] Unique perspective helps anticipate industry trends.

[17:10] Big companies drive dynamic markets, attract talent.

[20:40] Need expert advice for hurricane preparedness compliance.

[23:35] ATV innovates affordable housing with mixed-use developments.

[29:03] Experience and connections offer invaluable marketplace value.

[30:15] "Rewired by McKinsey: Understanding AI's societal impact."

[33:40] Valuable architecture insights on community-focused design.

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Transitioning from Healthcare to $168M Real Estate Success with Leslie Awasom

Fri, 08 Nov 2024 02:38:57 +0000

Welcome back to The Cashflow Project! Today, we’re joined by Leslie Awasom, Co-founder of XSITE Capital Investment LLC, who shares his journey from nurse anesthetist to full-time entrepreneur. Leslie discusses the current multifamily market, his team’s acquisition strategies, and the opportunities in discounted properties. He also highlights the importance of understanding your "why," conservative underwriting, and the value of community in real estate. Tune in for valuable insights, motivation, and advice to help you take the next step toward financial freedom!

[00:00] Pursued real estate investing for work-life balance.

[06:29] Transitioning from residential to commercial real estate challenges.

[07:46] Partners enable exciting investment opportunities for immigrants.

[11:48] Creating passive income for more family time.

[15:38] Slow deal flow; stayed disciplined, focused acquisition.

[17:19] Interest rate spike creates buyer's market opportunity.

[22:17] Educating investors through meetups and underwriting classes.

[23:29] Networking community for education, income diversification, growth.

[29:39] Takes longer due to property distress issues.

[31:56] Superpower: Mentoring others to realize their potential.

[34:52] Overcome fears, network boldly, embrace opportunities.

[37:59] Meetup in Honolulu; connect and subscribe online.

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Wealth-Building Strategies for the Modern Investor: Key Financial Lessons from Curtis May

Fri, 01 Nov 2024 11:00:10 +0000

Welcome to The Cashflow Project! Today, Curtis May, host of The Practical Wealth Show and owner of Practical Wealth Advisors, shares 35 years of financial insights. He discusses principles from The Gap and The Gain, highlights the power of controlling cash flow and persistence, and introduces the concept of infinite banking. Curtis also emphasizes foundational financial practices and offers advice on using time effectively. Tune in to transform your wealth-building approach with Curtis’s wisdom on financial freedom and principles-based planning.

[00:00] Reading economics to understand market disruptions.

[03:20] Helping achieve financial freedom through principles-based planning.

[06:42] System lacks savings; spending is default mode.

[10:53] Focus on efficiency, not just investment picking.

[13:35] Inherited business mindset, parents' influence, self-learning journey.

[16:50] Manage debt efficiently; follow Babylon's principles.

[20:08] Work on mindset, skill set, and network.

[23:52] Become a real investor; prioritize saving and protection.

[25:28] You achieve financial freedom through strategic investments.

[28:20] Watching screens limits personal creative time.

[33:49] Killing Sacred Cows influenced financial mindset development.

[35:35] Mind the gap; avoid missing opportunities.

[38:05] Learn MBA concepts through podcasts and audiobooks.

[42:13] Start with little money; grow your future.

[44:17] Start with basics; success builds incrementally.

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Achieving Rapid Financial Freedom Through Co-Living: Grant Shipman’s Investment Journey

Wed, 23 Oct 2024 12:00:18 +0000

Welcome to The Cashflow Project! In today’s episode, we’re joined by Grant Shipman, a leader in co-living property management. Grant shares how he achieved financial freedom in 15 months by pioneering co-living strategies, where multiple people co-own single-family homes. He emphasizes community-focused management, leading to long-term tenant relationships and a 97% lifetime occupancy with his company, Living Smith. Tune in for insights on how co-living addresses modern housing challenges and offers a smart, sustainable investment approach.

[00:00] Unexpected journey: vanished wife, living with hippies.

[04:46] Renting by the room: high demand, conflicts.

[08:04] Thriving from adversity through intentional community living.

[11:47] Co-living highlights forgotten social need, household.

[14:07] Co-living reduces damage risk and offers accountability.

[18:53] Month-to-month leases reduce turnover, ensure flexibility.

[19:50] Co-living properties mostly self-manage, distinct from sober living.

[24:39] Co-living is advanced house hacking with management.

[29:24] Managing Airbnb like long-term rental causes stress.

[30:17] New strategies in real estate investing emerge.

[34:28] Jason's coaching transforms mindsets with simplicity.

[38:52] Visit livingsmithpro.com for co-living assistance.

[40:55] Connect locally through Tri City Equity meetups.

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Mastering Airbnb and Data Analysis for Real Estate Wealth - John Bianchi

Tue, 15 Oct 2024 11:00:15 +0000

Welcome to The Cashflow Project! Today, we’re joined by John Bianchi, who shares his journey from managing Airbnb units to finding his passion in data analysis with Techvestor, a leading short-term rental investment fund. John highlights key lessons like "failing forward," building multiple income streams, and the importance of self-awareness and financial literacy. We also explore the impact of COVID-19 on the Airbnb market and how adaptability is crucial in real estate. Don’t miss this insightful episode filled with valuable tips and inspiration!

[00:00] Hyper-focused on Airbnb data; useful tool.

[04:25] Ventured from Airbnbs to renewable energy, created course.

[09:16] Do what you love; provide more value.

[10:06] Filling gaps creates value in business opportunities.

[15:17] Understanding the process behind success is valuable.

[16:35] Surround yourself with supportive, growth-focused people.

[21:18] Belief in divine purpose and personal growth.

[25:19] Eliminate mortgage stress by investing in properties.

[28:11] Master money management before pursuing real estate.

[32:13] Airbnb industry stable; COVID caused temporary shift.

[33:58] Late market entry leads to Airbnb struggles.

[37:44] Recession impacts Airbnb more than long-term rentals.

[39:55] Own top Airbnb for steady income during recession.

[44:30] Watch courses, find profitable properties, valuable insights.

[47:26] Join our monthly Honolulu multifamily networking meetups.

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Exploiting Overlooked Markets and Financing Strategies in Real Estate - Darius Ross

Tue, 08 Oct 2024 11:00:15 +0000

Welcome to The Cashflow Project! In this episode, we talk with Darius Ross, founder of D. Alexander Ross Real Estate Capital Partners, who shares 30+ years of real estate expertise. Darius offers insights into market opportunities, the importance of legal knowledge, and creative financing strategies. We explore challenges in today’s economy, conservative underwriting, and potential market shifts. Darius also gives advice on understanding market cycles and balancing life as an entrepreneur. Don’t miss his thoughts on the economic downturn and its effects on real estate.

[00:00] Started in real estate, shifted mindset, invested.

[04:26] Anticipating market damage; investments holding cash.

[06:45] Opportunities exist where big players overlook risks.

[10:33] Congress's bail-in law means fewer taxpayer-funded bank rescues.

[15:09] Consider smaller markets, cutbacks, business continuation insurance.

[19:29] Think long-term, save resources for future opportunities.

[22:12] Leadership DNA out October 24, focuses leadership.

[25:51] History repeats; human nature remains unchanged.

[29:06] Understand limits, manage money, assess advice carefully.

[31:49] Learn, connect, invest: Visit tricityequity.com now.

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Navigating Rising Insurance Costs and Housing Affordability with Darin Davis

Sat, 28 Sep 2024 11:23:45 +0000

Welcome to The Cashflow Project Podcast! In this episode, we chat with real estate expert Darin Davis, who shares over 20 years of industry insights on navigating rising housing and insurance costs. He highlights the benefits of public-private partnerships and tax incentives in addressing Texas’ housing shortage. Darin also reflects on his personal journey, mindset shifts, and the importance of having a strong "why." Plus, he introduces his nonprofit, the "Never Quit Initiative," supporting families facing cancer-related challenges.

[00:00] Succeeded in sales and investments during .com boom.

[03:27] Father's death led to reevaluation of life.

[08:54] Prioritized personal life over constant traveling career.

[10:55] Success requires adaptability and resilience during setbacks.

[15:03] Create, don't just criticize; we're here to help.

[18:43] Renting in Texas $1,300 cheaper than owning.

[19:28] Texas using public-private partnerships for affordable housing.

[23:06] Politicians balance interests of businesses and workers.

[26:59] Dreams of early retirement disrupted by cancer diagnosis.

[30:23] Passive cash flow can be vital for emergencies.

[33:14] "Could you realistically take off a year?"

[37:45] Teaching kids financial responsibility as they mature.

[41:39] Embrace failure; it's essential for entrepreneurial success.

[43:38] Jerry dates multiple women hoping for success.

[46:05] Insightful talk with Darren Davis in Austin.

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AIP Commercial Real Estate

Website 2

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Seller Financing and Market Predictions: Ron Koenigsberg’s Expert Advice

Thu, 19 Sep 2024 11:00:12 +0000

Welcome to The Cashflow Project! Today, we sit down with Ron Koenigsberg, founder of American Investment Properties, who brings over 30 years of commercial real estate expertise. They discuss Ron's market predictions, creative deal structuring, and the benefits of seller financing. Ron emphasizes the importance of active listening, leveraging partnerships, and continuous learning in real estate. Whether you're an investor or real estate professional, this episode is filled with practical advice and insights from an industry veteran. Tune in for a valuable conversation!

[00:00] Appreciation expressed, request for real estate backstory.

[03:27] Born dyslexic, adapted to excel in communication.

[08:45] Changes in real estate deals post-Covid?

[12:47] Never witnessed market crash; expect vibrant future.

[14:03] Fiscal easing raises valuation of hard assets.

[17:46] Collaborative meeting ensures profitable, fee-free transaction.

[22:17] Commercial real estate is more creatively flexible.

[23:12] Real estate brokers, ask senior brokers questions.

[26:36] Active listening improved my relationships and career.

[32:31] Fear of public speaking stems from ancestral survival.

[34:10] 85% of leaders aspire to entrepreneurship.

[37:46] Passionate commercial real estate seller with top qualifications.

[40:55] Superpower: absorbing, persisting, making 400 calls daily.

[45:20] Insightful talk with Ron Koenigs, experienced real estate broker.

[46:06] Stay open to learning and self-improvement.

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LI Investment Group

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From W-2 Job to Financial Freedom: Balancing Active Income and Real Estate Ventures - Jeremy LeMere

Thu, 12 Sep 2024 01:13:36 +0000

Welcome to The Cashflow Project! In this episode, we chat with Jeremy LeMere, founder of Navigator Wealth Fund, who shares his journey from a blue-collar background and engineering career to achieving financial freedom through real estate. Jeremy offers insights on transitioning from a W-2 job, maintaining cash flow, and building strong partnerships. He emphasizes continual learning, diversification, and networking as keys to success. Stay tuned for valuable lessons, book recommendations, and advice on overcoming challenges in real estate investing.

[00:00] Completed MBA during financial crisis; entered real estate.

[06:43] Scaled back to managing own portfolio, assisting friends.

[08:09] Investing journey: problem-solving, skillsets, capital raising, accessibility.

[13:20] Transitioning occupations to real estate as side gig.

[17:05] Understanding and systems prevent business failures and audits.

[18:38] Understanding bookkeeping and accounting ensures business integrity.

[23:55] Syndication offers portfolio risk balance and stability.

[25:58] Shift from multifamily to self-storage for better returns.

[30:01] Partnerships require alignment in commitment and values.

[32:35] Opportunities arise but beware of potential pullback.

[37:04] Prepare fully for entrepreneurial success and challenges.

[38:55] Jeremy Lemire’s experience, advice, giving back, education

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Texas Growth Projections and Real Estate Strategies with Dan French

Wed, 04 Sep 2024 11:00:17 +0000

Welcome back to The Cashflow Project! Today, we chat with Dan French, a certified property manager overseeing over 15,000 units and $2 billion in assets. Dan shares his journey from a working-class background to managing properties across various markets, highlighting how his firm adapted to market changes and Texas' resilience during the Global Financial Crisis. He emphasizes the importance of conservative underwriting, tenant care, and a long-term investment mindset. Tune in for valuable insights and actionable advice for real estate investors.

[00:00] Painter turned real estate entrepreneur in NYC.

[05:07] Market selection, experience, and financial stability crucial.

[07:46] Years of hard work, investor payback, growth.

[12:16] Impactful real estate investments can change communities.

[13:20] Real estate is about community and impact.

[17:59] Opportunity is everywhere, especially in tough times.

[19:39] People often seek opportunities elsewhere, but wait is dynamic.

[22:53] Team growth, risk mitigation, cost reduction strategy.

[26:13] Monetization through carports and storage units.

[31:05] Prepare for long journey to success, start now.

[33:52] Ownership mentality changes perspective and partnerships.

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Embracing Real Estate for Ultimate Cash Flow - Corey Peterson

Fri, 23 Aug 2024 16:30:50 +0000

Welcome back to The Cashflow Project! Today, we chat with Corey Peterson, CEO of Kahuna Investments, about his journey from single-family flips to multifamily real estate. Corey shares strategic insights on managing student housing through market cycles, the benefits of self-managing properties, and the importance of company culture. He also discusses mindset shifts for financial freedom and offers advice for busy professionals looking to succeed in real estate investing. Tune in for Corey's actionable insights to elevate your financial strategies!

00:00 Discovering real estate investing sparked new inspiration.

04:27 Real estate success requires hard work and management.

07:36 Recognition and attitude drive employee motivation.

11:58 Seek help, bring value, serve investors' return.

14:16 Investors lose half their balance in crash.

18:07 Fired from job, embraced real estate success.

22:29 Licensed broker can't sell unrepresented products.

26:02 Tax strategy enables wealth acceleration and offsets income.

26:53 Reduce taxes, invest more, increase cash flow.

31:23 Respect from cool parents improves relationships.

35:28 Get free book "Trust but Verify"!

37:44 Seek alternatives, ask better questions, learn from experiences.

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Debt Funds, SFH Development, and More: Industry Trends with Tilden Moschetti

Wed, 14 Aug 2024 11:00:04 +0000

In this episode of The Cashflow Project, Tilden Moschetti, a seasoned securities attorney with over 20 years of experience, shares his insights on legal documents, compliance, and business models for fund managers, venture capitalists, and syndicators in real estate investment. Initially pursuing an MBA to enter the real estate field, Tilden eventually became a lawyer to better understand and raise funds for real estate investments. After a decade as a trial lawyer, he transitioned to helping syndicators structure deals and now combines this with his own real estate ventures.

Tilden offers invaluable advice drawn from his extensive experience working with around 100 clients annually, covering topics like conservative underwriting, over-delivering on promises to investors, and navigating market volatility. He also discusses the challenges of increased taxes and insurance in the industry. Whether you're a seasoned investor or just starting out, this episode is filled with practical strategies and insights to elevate your real estate investing game.

[00:00] MBA to real estate, then law school.

[04:14] Acknowledging and admiring industry expertise and empathy.

[08:25] Frequent court experiences provide valuable perspectives.

[11:34] Negotiating win-win situations in various scenarios.

[14:12] Switching to alternative investments for control and growth.

[18:33] Curious about industry trends amidst tax issues.

[21:06] Discussion on market trends and potential solutions.

[25:33] Skilled at making stories compelling for marketing.

[28:35] Tilden Moschetti at law firm thriving.

[29:58] Seek feedback, improve, and take action.

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Building Wealth with Gold and Silver: Insights from Michael Arries

Wed, 03 Jul 2024 14:57:24 +0000

Welcome back to The Cashflow Project! 🎧✨ Today, we’re thrilled to feature Michael Arries, a seasoned advisor with 25 years in precious metals trading. Dive deep into the world of gold and silver with us, exploring their growing popularity as key investments. Michael shares why these metals are vital for wealth preservation amid economic volatility and global uncertainties. Learn the advantages of physical metals over ETFs and how strategic diversification can boost your wealth.

From gold markets in India and China to gold and silver as currency, this episode covers it all. We also touch on Bitcoin and other alternative assets for a modern investment strategy. Whether you’re hedging against inflation, protecting assets, or diversifying your portfolio, Michael’s insights are invaluable. Don't forget to subscribe, invest in your future with real estate, and join us at our Hawaii Millionaire Mindset Conference. 🌴🚀 Let's dive in!

00:00 Excited to discuss alternative assets and wealth preservation.

03:59 Post-Covid experiences: health, wealth, and markets.

06:39 Gold sales increasing steadily over past 6-7 years.

10:46 Using historical cycles for gain through arbitrage.

14:04 Discussion about digital assets and currency struggle.

16:27 Protecting against inflation with gold and silver.

19:44 Bitcoin - virtual, fast, yet to secure concept.

23:31 Recommend Jim Rickards books and Lord of the Rings.

28:19 Stay updated on real estate through our meetup.

29:30 Meet amazing speakers, life-changing event, take action.

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From Residential Flips to Multifamily Mastery: Kris Morin’s Real Estate Journey

Wed, 26 Jun 2024 11:00:08 +0000

Welcome to another insightful episode of The Cashflow Project! Today, we have Kris Morin, a seasoned real estate investor with over twelve years of experience. Kris started during the 2009 recession, transitioning from house flipping to multifamily real estate, discovering its stability and scale. Kris shares his journey of reevaluating career goals, building a portfolio of 50 to 60 units, and overcoming misconceptions about residential real estate. We’ll explore the advantages of multifamily investments, the importance of networking and mentorship, and the current challenges in the market, such as rising insurance costs and interest rates.

Kris offers practical advice for busy professionals looking to invest in alternative assets. Tune in for valuable insights and learn how to elevate your real estate endeavors. Don't forget to subscribe, download, and share this episode to help us bring more high-quality guests to the show!

[00:00] Podcast discussing investing for cash flow in real estate.

[05:14] Took break, then bought and traded multifamily.

[06:58] Challenging commercial property transition not always necessary.

[11:09] Connect with diverse groups for business success.

[15:41] Real estate creates more millionaires every day.

[16:52] Becoming more visible and vocal locally takes effort.

[21:57] Unplanned expenses require real-time business adjustments.

[24:48] Long-term stability in real estate leads to success.

[28:11] Connecticut population declining, market shifts to appeal.

[30:49] Skilled in communication, storytelling, raising capital successfully.

[34:31] Consider passive real estate investment in multifamily.

[37:01] Connect with us for real estate investments.

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Navigating Real Estate: From Land Development to Multifamily Investments with Darcy Marler

Wed, 19 Jun 2024 13:00:10 +0000

Welcome to The Cashflow Project! In today's episode, we feature Darcy Marler, a seasoned real estate investor with over 23 years of experience and author of four insightful books on land development and new construction. Darcy shares invaluable advice on persevering through challenging times, focusing on one's strengths, and leveraging operational partners to complement individual capabilities.

We'll delve into Darcy’s unique real estate strategies, such as flipping paperwork and changing zoning regulations, emphasizing value addition without extensive construction. Darcy also highlights the potential for smaller investors to positively impact housing affordability and community development. Tune in as we explore unconventional opportunities, the impact of migration on housing markets, and expert tips on managing rental properties effectively. Whether you're a hands-on investor or looking to make real estate a side venture, this episode is packed with insights to help you navigate the industry successfully.

[00:00] Real estate expert from Canada discusses experience.

[04:13] Consider different real estate strategies based on personality.

[08:41] Dealing with rentals, tenants, property management inefficiency.

[11:02] Buying older property has potential hidden issues.

[14:01] Invest in landlord-friendly areas with good growth.

[17:47] Consider project timeline, costs, and contingencies carefully.

[21:17] Teaching zoning and increasing land value.

[24:15] Diverse real estate strategies based on local markets.

[28:46] Investors can make real impact in housing.

[31:09] Experience from market cycles, adapting strategies essential.

[34:03] Perseverance and resilience in saving horse track.

[37:54] Focus on strengths, partner to supplement weaknesses.

[40:56] Know your strengths, find your best fit.

[42:25] Sign off with encouragement and aloha.

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Storytelling and Overcoming Limiting Beliefs in Multifamily with Michella Chiu

Wed, 12 Jun 2024 13:00:11 +0000

Welcome back to The Cashflow Project podcast! In this episode, we have the pleasure of speaking with Michella Chiu, the impressive VP of Operations and Marketing a leading global agency. Michella's journey from aspiring history professor to real estate syndication expert is as inspiring as it is instructive. With a rich background in marketing and managing high-stakes projects for global companies, Michella leverages her unique skill set to navigate the multifaceted world of real estate investing. We dive deep with Michella on her transition from residential investments in Seattle to managing multifamily real estate across the nation, and how her storytelling prowess aids in underwriting and analyzing market trends. Get ready for invaluable insights on the importance of hard work, cautious underwriting, and maintaining trust in partnerships. Plus, learn about Michella's personal journey, including her roots in Hong Kong, her academic pursuits, and her advice for aspiring investors. Don't miss this episode packed with wisdom, actionable tips, and encouragement for both new and seasoned real estate investors.

[00:00] Host welcomes guest, requests background information briefly.

[05:23] Real estate investors seek unconventional advantages.

[07:45] Originally wanted to be history professor, switched to marketing utilizing strengths as a historian.

[12:22] High-level organizational structure revolutionizes real estate investing.

[15:59] Learning investment lessons from successful parents is invaluable.

[18:27] Joined mentorship program, found real estate fit.

[22:25] Consider cost of missing out on growth.

[24:25] Started as volunteer, worked hard, gained opportunity.

[29:36] Underwriting trends and market dynamics analysis.

[32:24] Avoid pushing numbers, focus on trust.

[35:32] Be careful with processes and red flags.

[38:11] Took losses, not comfortable, please don't dismiss.

[41:29] Connect at local meetups for mutual growth.

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Utility and Revenue Solutions Through Sub Metering with Kelly Koontz

Wed, 05 Jun 2024 13:00:09 +0000

Welcome back to another insightful episode of The Cashflow Project! Today, we have the pleasure of hosting Kelly Koontz from Sub Meter Solutions. Kelly brings his expertise to the table, discussing the game-changing benefits of using metering systems for leak detection in multifamily properties. He highlights how these systems not only save water but also lower insurance premiums, offering significant advantages for property investors. Together with our host, Steve Fierros, they'll delve into the cost-effective installation processes, the integration of metering data into property management software, and the impact on operational expenses. Plus, Kelly shares practical advice on financial freedom, smart system improvements, and reveals his superpower of galvanizing his team. Stick around as we also touch on upcoming events like the National Apartment Association show and the Hawaii Millionaire Mindset conference. Tune in for a wealth of knowledge and actionable insights that can drive your property management success and overall ROI!

[00:00] Appreciate your help, let's find revenue.

[03:08] Entrepreneur starts business, expands utility services nationwide.

[06:49] Multifamily owners recover utility costs from residents.

[09:50] Residents empowered, owners recover costs, tech benefits.

[15:01] Exciting technology for leak detection saves money.

[17:18] Kelly recommends active leak detection for savings.

[20:57] Identify ROI, provide monthly utility billing service.

[25:04] Recommendations for "Atomic Habits" and "The Demon of Unrest".

[26:18] Leaders of the past still relevant today.

[29:57] Reflect, learn, improve, inspire, connect, strategize.

[33:35] Connect with carrier team, attend local meetups.

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Changing the Game through Community Service and Non Profits w/ Michael Engram

Thu, 30 May 2024 01:22:02 +0000

Welcome to another engaging episode of The Cashflow Project! In today's show, we sit down with the inspiring Michael Engram, the founder of Game Changers, a nonprofit in Ohio dedicated to mentoring high school student-athletes. Michael delves into the significant challenges teenagers face and the transformative impact of having reliable adult support and mentorship during these critical years. He shares his journey, from working at Walt Disney Company to launching a national nonprofit, and how his diverse background and personal setbacks led him to create Game Changers.

In this episode, you'll hear about the essential role of community and business involvement in nurturing the next generation, the importance of giving back, and how everyone has a finite time to make a positive impact. Michael also shares insights on leadership, workforce readiness for athletes, and the broader opportunities beyond sports. Listen in as Steve and Michael discuss their shared service background, the necessity of forging your own path, and the power of stepping out of your comfort zone to create lasting change. Plus, don't miss the rapid-fire segment where Michael reveals his book recommendations and the superpowers he believes drive his mission. Join us for this thought-provoking conversation and learn how you, too, can be a game changer.

[00:00] Mike's academic and career journey, founding Game Changers.

[04:56] Encouraging young people to strive for excellence.

[08:16] Athlete work ethic essential for high schoolers.

[10:14] Mentoring helped me despite a broken background.

[13:56] Balancing personal expenses while giving back.

[18:20] "Reflecting on past experiences, priorities, and support."

[21:46] Moving offers new opportunities, overcoming mental barriers.

[24:40] Avoid living in regret, trust in yourself.

[29:42] Rich Dad, Poor Dad book fosters understanding.

[32:08] Self-reliance and responsibility for youth outreach.

[36:05] Leadership summit focuses on programming, workforce readiness.

[37:28] Encouraging young people for future success and opportunities.

[40:58] Life-changing content, see you next episode.

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Strategic Real Estate Investments and Expert Advice from Stewart Heath

Wed, 22 May 2024 13:36:03 +0000

Welcome to the latest episode of "The Cashflow Project"! Today, we're excited to have Stewart Heath, a seasoned financial expert and real estate investor, join us. Stewart's expertise in fractional CFO services and commercial asset investments makes him a goldmine of knowledge for aspiring investors.

In this episode, Stewart shares the importance of leveraging other people's skills, understanding your own bandwidth, and hiring quality property managers. We’ll explore the nuances of multifamily properties, the challenges of transitioning from residential to commercial real estate, and lessons from Stewart's decades of experience. Don't miss this enlightening conversation on "The Cashflow Project"!

[00:00] Fascination with inherited timber leads to career.

[06:02] Significant mindset shift, embracing change and growth.

[08:14] Seeking wealth, diving into real estate ventures.

[10:33] Controlled property management led to challenges and rewards.

[13:38] Transition from single to commercial properties, advantages.

[16:22] Retail faced struggles in 2020, but rebounded.

[21:18] Choose tenants wisely to avoid costly mistakes.

[23:13] "Avoid being an accidental landlord to succeed."

[27:44] Highly recommend the transformative and practical book.

[30:21] Neglecting reserves led to a major setback.

[32:28] Maintain reserves for market downturns and opportunities.

[37:05] Stuart Heath discusses financial expertise and leveraging others.

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From Fertilizer to Finances Talking Shop with EQRP's CEO, Parker Pursell

Wed, 08 May 2024 18:00:18 +0000

Welcome back to The Cashflow Project! In today's episode, we're joined by Parker Pursell, CEO of EQRP, as he shares his inspiring journey from a rural upbringing to leading in self-directed retirement planning. From his roots in family business to navigating challenges during the pandemic, Parker's story emphasizes the importance of seizing opportunities and taking control of financial futures.

Join us as we delve into Parker's insights on financial empowerment, self-directed retirement accounts, and his unique 'restorator' approach to business and life. With book recommendations and actionable advice, this episode offers a wealth of resources for anyone seeking to enhance their financial literacy and personal growth.

[00:00] Creative sales strategy, successful with high conversion.

[03:57] Worked near naval base, learned to serve.

[06:51] Transitioned from various jobs to company leadership.

[09:35] Learning, adapting, taking action - continuous improvement.

[15:58] Advocacy for hard assets as protection from inflation.

[18:20] System limits choices; people seek comfort elsewhere.

[20:32] Different financial situations require strategic planning for retirement.

[23:45] Creative ways to invest and strategize effectively.

[29:05] Prioritize values and self over worldly success.

[32:12] Seize financial opportunities with self-directed IRA. Visit tricityequity.com.

[33:44] July 10-13. Share, review, improve, learn, action, vision.

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The Financial Literacy Revolution with Expert Vince Shorb

Fri, 19 Apr 2024 01:44:21 +0000

Welcome to another episode of The Cashflow Project, where we uncover the keys to financial mastery and building a lasting legacy of wealth. Today, we're thrilled to host Vince Shorb, a beacon of financial wisdom and the founder of the National Financial Educators Council. With a passion for reshaping financial literacy nationwide, Vince brings invaluable insights that can transform your financial journey.

In this episode, we'll explore Vince's journey from navigating the mortgage industry to championing financial literacy, all against the backdrop of North Dallas—a hub of opportunity and growth. From discussing the Millionaire Mindset to emphasizing the importance of resilience, Vince's wisdom is essential for both busy professionals seeking financial freedom and parents aiming to equip their children with vital financial skills. Join us as we embark on a journey toward wealth, wisdom, and well-being with Vince Shorb.

00:00 Early success in real estate led to helping others.

04:45 Cash out refinance, equity, debt consolidation, investment gains.

08:18 Financial challenges, high debt, tools for help.

11:58 Learn to navigate financial uncertainty with cushion.

13:12 Forming financial habits young avoids future problems.

16:24 Many opportunities to learn and teach together.

20:05 Investors aware of properties in Dallas, Texas.

24:50 Express gratitude, encourage reaching out for assistance.

25:56 Financial education is crucial for long-term success.

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From Graphic Design to Real Estate Mogul - Lindsay Sharma

Wed, 10 Apr 2024 12:39:00 +0000

Welcome to The Cashflow Project! 🎙️ Join us for an inspiring episode featuring Lindsay Sharma, a real estate investment expert with a journey from graphic design to financial mastery. Lindsay shares her strategies for success, including wholesaling, rental properties, and owner-financed notes across Arkansas and Ohio.

Discover the importance of cash reserves, Lindsay's shift to wholesaling on the MLS, and her plans for future ventures like commercial investing. Get ready to be inspired and learn how to apply Lindsay's cash flow strategies to your own financial journey. Tune in now! #RealEstateInvesting #CashflowStrategies

00:00 Struggled post-grad in a tough economy. Hustled.

04:59 Investors need to experience market downturns.

06:12 Real estate strategies fluctuate in cyclical market.

10:08 Lenders are cautious post-COVID, reserves vital. Florida's hot market continues.

15:38 Unrealistic expectations led to rapid scaling problems.

17:15 Learning new skills, business coach evaluates strategy.

21:05 Wealth not just financial; balance in life important.

24:52 Acknowledge losses, learn, and move forward.

27:46 Learning patience is difficult but extremely necessary.

32:15 Plan for business success; delegate and organize.

34:36 Consider outsourcing to save time and excel.

36:51 Multifamily projects conference in Hawaii, July 10-13.

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The Co-Buying Code: Unlocking Property Ownership for Millennials - Niles Lichtenstein

Thu, 04 Apr 2024 10:00:11 +0000

🏠 Join us on The Cashflow Project as we explore innovative real estate strategies with Niles Lichtenstein, CEO of Nestment. Discover how joint ventures and cooperative economics are reshaping property ownership, even in high-cost markets like the Bay Area and Honolulu.

🎙️ Learn how Nestment's digital platform simplifies group purchasing and unlocks new opportunities for wealth building. Plus, get insider insights and career tips from Niles himself.

00:00 Unconventional upbringing led to successful business ventures.

06:26 Guiding groups in real estate practices and agreements.

08:37 High-cost living makes multi-generational housing necessary.

10:45 Collective action for affordable housing and change.

15:49 Changing the focus from primary to investment.

18:32 Ranking areas by hotness for homebuyers monthly.

22:04 Consider equity, cash flow, and long-term growth.

24:29 Real estate mindset shift leads to success.

27:48 My superpower is connecting the lines.

32:17 Balancing investments and reducing cognitive load.

33:52 Connect with me at nilesmintnestment.com. Exciting new lending program launching soon.

37:28 Sign up for notifications, give feedback, attend conference.

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Real Estate Investment Strategies and Financial Empowerment with Angelo Christian

Wed, 27 Mar 2024 10:00:17 +0000

In this episode of The Cashflow Project podcast, we sit down with Angelo Christian, an experienced investor and entrepreneur. Angelo shares his inspiring journey from a challenging upbringing to becoming the chairman and CEO of Christian Financial Diversified investment holdings company. The discussion covers Angelo's introduction to real estate, his work in the mortgage industry, and his focus on private lending. He also provides valuable insights and advice for busy working professionals looking to improve their financial situation. Listeners will gain valuable knowledge and inspiration from Angelo's wealth of experience and expertise.

[00:00] Pursued education, found mentors, excelled in mortgage business.

[03:03] Diversified into private lending, now 50% business.

[06:31] Unique investor financing options tailored for real estate.

[09:44] Consider alternative lending options in unique scenarios.

[13:40] Good product for small investment, despite market conditions.

[16:52] Real estate investors building in affordable areas.

[20:45] Surround yourself with supportive, like-minded people.

[25:16] Connect with us, join events, subscribe. Attend conference.

[26:00] Connect with entrepreneurs, boost mindset at events.

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Secrets Revealed! Lone Star Capital’s Approach to Real Estate Mastery - Dasha Beardsley

Wed, 06 Mar 2024 11:00:13 +0000

Welcome back to The Cashflow Project, your go-to podcast for unraveling the secrets of multifamily real estate investing. Today, we've got a special guest in the studio – Dasha Beardsley from Lone Star Capital, a force to be reckoned with in the multifamily real estate space.

Dasha, with a remarkable track record of facilitating over $500 million in multifamily real estate acquisitions and overseeing a community of 400 investors at Lone Star Capital, shares her journey from an early investment in her brother's Houston deal to becoming a key player in real estate development. In this episode, we're diving deep into property management intricacies, the art of building a robust in-house team, and the significance of meticulous organization for stellar service rather than just profit. Plus, Dasha spills the beans on effective social media strategies in real estate, practical content creation tips, and the paramount importance of trust in your investment sponsor. Whether you're a seasoned investor or just stepping into real estate, get ready for a conversation filled with actionable insights and inspiring narratives that challenge you to invest with purpose and organize for triumph. Join us for an enlightening conversation with Dasha Beardsley, right here on The Cashflow Project!

00:00 Interest in real estate, transitioned from residential.

03:04 Invested in brother's real estate deals, gaining experience.

07:43 Access and trust crucial for investment decisions.

11:17 Enjoy creating positive experiences for groups, networking.

14:47 First deal had issues, led to in-house management.

16:28 Good management is crucial for successful projects.

19:46 Broad social media strategy with platform focus.

24:33 Creating impactful content matters more than views.

26:58 Recognize your superpower and play to it.

31:53 Seek advice, vet property managers for success.

33:04 Meet us in person at our events.

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Data Science Meets Real Estate: Neal Bawa's Innovative Investment Approach

Wed, 28 Feb 2024 11:00:14 +0000

Welcome back to The Cashflow Project, your hub for real estate, investment, and innovation insights. In today's episode, we reconnect with Neal Bawa, a data-driven force reshaping real estate investment. Neal challenges market norms, spotlighting Idaho and Utah as data-backed frontrunners over Texas and Florida.

Our dive explores Provo, Utah's investment appeal, from cost-effective universities to a growing tech corridor and world-class skiing – a personal interest for Neal. Beyond attractive locations, Neal's focus extends to filling market gaps. His build-to-rent model aims to construct 10,000 townhomes, redefining affordable housing. Join us for Neal's innovative strategies, data insights, and his mission to align investor returns with societal benefits. Don't miss this episode packed with expert advice and groundbreaking perspectives. Lock in, and let's get ready to be inspired on The Cashflow Project.

[00:00] Real estate market change, seek Neal's advice.

[03:21] Excited to hear your experienced market insight.

[06:32] Matching data, learning from build-to-rent process.

[12:33] Neal aimed for $2,000 rents in various markets.

[15:59] Companies build large complexes in Reno, targeting California.

[18:55] Building in new cities, offering financial security.

[21:03] Innovative loan solution empowers aggressive bank engagement.

[23:44] Hawaii community desires to give back. Dual-value investment.

[27:01] Texas and Florida not fastest growing states. Idaho and Utah are surprisingly fastest growing. Social media misinformation leads to acceptance as fact. Data scientist monitors and tracks market changes.

[31:50] Think outside the box, bring unique value.

[34:55] Steve F. plans to retire from syndications.

[37:52] Neal consistently delivers amazing, thought-provoking content.

[39:32] Interview highlights changes in real estate industry.

[42:42] Sign off, take action, provide value, aloha.

Connect with Neal Bawa

Grocapitus Website

Courses

Free eBook

Join Our Investor Club

Connect with Tri-City Equity!

Building Wealth Through Note Investing with Fred Moskowitz

Fri, 23 Feb 2024 11:00:13 +0000

Welcome back to another enlightening episode of The Cashflow Project! Today, we're diving into the lucrative world of note investing with none other than Fred Moskowitz, an acclaimed educator, bestselling author, and fund manager. Fred brings a wealth of knowledge from his transition from a computer engineer to a seasoned investor, empowering us with insights on wealth generation and the powerful role of relationship-building.

In today's episode, we'll explore why diversification is crucial in your investment portfolio, especially through avenues like multifamily real estate and note investing. Fred will share his journey, from the pivotal moments that spurred his dive into alternative investments to his strategies for building a robust rental portfolio.

Get ready to uncover the intricacies of the secondary market for notes, the impact of interest rates, and why notes are the investment vehicle that savvy professionals are turning to for higher yields. Plus, Fred is offering a special gift to our listeners – a report on note investing, available at giftfromfred.com.

Whether you're looking to directly own real estate or transition to being the lender for stabilized income and cash flow, this episode is packed with actionable advice. Don't forget to reach out to Fred for more insights, and stay tuned for information about the Hawaii millionaire mindset conference.

So adjust your headphones and prepare to be inspired—it's time to take notes on note investing with Fred Moskowitz on The Cashflow Project. Let's get started

00:00 Tech industry turmoil led to income insecurity.

04:32 Early career lessons on diversification in real estate.

07:25 Consider investing in rental properties for wealth.

11:52 Investing in real estate notes stabilizes income.

13:25 Educating investors on note investing and benefits.

17:47 Mortgage loans sold, common in secondary market.

20:38 Notes impact pricing, often resold for capital.

24:08 Considerations for note investing and minimizing taxes.

28:56 Real estate can impact generations in surprising ways.

30:58 Step out of comfort zone, ask questions.

33:45 Encouraging travel and note investing insights shared.

36:40 Opportunity highlighted by Fred, investing options available.

Connect with Fred Moskowitz

Connect with Tri-City Equity!

Dream Big, Invest Smart: Real Estate Wisdom with David B. Rich

Wed, 14 Feb 2024 15:26:24 +0000

Welcome back to The Cashflow Project! Today we're joined by the inspirational David B. Rich, a leadership coach and decorated veteran with an extraordinary journey that brought him to Hawaii through sheer will and strategic planning.

In this episode, David shares his story and introduces the Dream Positioning System—a powerful method to turn dreams into tangible actions. Join us for a motivational session where David breaks down the art of decisive action in real estate and life, even in imperfect conditions. We'll explore the significance of mindset, creating a vision for your future, and embracing failure as part of the success journey.

David's wisdom will resonate as he compares ambition to footprints in the sand, emphasizing the importance of acting on your dreams before they fade away. This conversation will highlight the powers of positive thinking and the necessity of stepping beyond your comfort zone for financial freedom.

As the episode concludes, we set goals for 2024, providing you with a blueprint to reach new heights in cash flow and personal fulfillment. Don't miss out on this journey toward success, right here on The Cashflow Project!

00:00 Moved from Philadelphia to Massachusetts, cultural impact.

03:07 Mindset and travel shaped my spiritual journey.

08:07 Waiting for perfect, take action now.

09:58 Moving to Hawaii, no place to live.

16:20 GPS metaphor for success and overcoming obstacles.

18:55 Book launch leads to international signing opportunities.

20:42 Kiyosaki's cashflow game leads to success.

24:57 Military experience led to real estate success.

29:22 Inspiring others, adapting to individual needs.

31:03 Embrace failure, be resourceful, and seek assistance.

36:42 Bumblebee symbolizes defying limitations and others' opinions.

39:25 Plan for dreams to make them real.

41:14 Plan to attend the Hawaii millionaire mindset conference. Take action!

Connect with David B. Rich

Connect with Tri-City Equity!

From Struggle to Success: Todd Pigott's Real Estate Journey

Wed, 07 Feb 2024 02:17:58 +0000

Welcome to another enlightening episode of The Cashflow Project, featuring Todd Pigott from Zinc Financial. In this episode, Todd shares his remarkable journey from frugality to real estate mastery, emphasizing the importance of living lean to leap into the world of real estate investing. He unravels his personal experience of stringent saving and sacrifice, progressing from a lifestyle without air conditioning to strategically investing in income-producing assets.

This conversation goes beyond the immediate hustle, focusing on the steady grind of building lasting wealth and preserving capital. Todd's insights, drawn from his gritty rise in real estate, offer practical wisdom for both entry-level home flippers and high-net-worth individuals. Get ready for inspiring stories of overcoming adversity, making sacrifices, and understanding the true essence of 'investing in yourself,' touching on the importance of a positive mindset and the role of physical and mental well-being in the journey to success.

00:00 Grateful for insightful conversations, especially with listeners.

04:15 Focused on desirable, low-risk real estate investments.

07:20 Thriving despite circumstances, creating value in marketplace.

09:35 Inconsistent water polo schedule leads to financial struggle.

13:04 Prioritize health, surround yourself with positivity, build wealth.

18:00 Temporary discomfort leads to long-term stability.

20:16 Encouragement for all, including beginner investors.

24:32 From entry level to ultra high net worth: Grind.

26:10 Buy, fix, rent, refinance, sell for profit.

28:56 Advice for investors: Build momentum, embrace sacrifice.

33:34 Healthy body, fit mind for success.

37:25 Be honest, take care of yourself, surround yourself.

39:58 Zinc Income Fund offers passive investing opportunities.

41:14 Interview with Todd Pigott about his inspiring journey.

44:15 Expresses gratitude for listening and encourages action.

Connect with Todd Pigott

Connect with Tri-City Equity!

Unleashing Potential: Mike and Bo's Journey in Business and Real Estate

Wed, 24 Jan 2024 04:46:02 +0000

Welcome to The Cashflow Project, hosted by Steve Fierros. In this episode, we delve into the entrepreneurial journey of Mike Merrigan and Bo Kort, two best friends managing a diverse portfolio of 43 businesses. They share insights on building and scaling enterprises, embracing a mindset that rejects traditional retirement, and investing in passions.

Discover the secrets behind their relentless determination in industries from real estate to motorsports. Learn about long-term investing in cash flow assets, empowering teams without micromanagement, and the impact of mentorship on young entrepreneurs. By the end, you'll be inspired to set goals, generate opportunities, and take action for the year ahead. If you enjoy the podcast, share, review, and join our monthly real estate meetups.

00:00 Excited to chat about your varied journey.

05:46 Build profitable business, invest in real estate.

07:21 Scaling business and time management is crucial.

11:59 Deliver what you promise, provide quality service.

15:53 Maintain systems for tracking business opportunities effectively.

16:40 Building relationships through sales and real estate.

20:39 Successful individuals prioritize accountability within their teams.

23:16 Balancing work, family, and travel, enjoying it.

28:24 Texas business partner is independent and decisive.

32:25 Mindset, education, and communication skills are crucial.

33:27 Action, not just books, leads to success.

38:57 Invest in real estate for future financial security.

40:23 Experienced team involved in diverse real estate.

45:37 Mike Merrigan shares valuable business experience.

47:16 Generate income, invest in real estate, wealth building.

Connect with Mike & Bo

Mike's LinkedIn

Bo's LinkedIn

Connect with Tri-City Equity!

Mastering Flood Insurance with DJ McClure

Wed, 27 Dec 2023 11:00:15 +0000

Welcome to The Cashflow Project. Today, we have DJ McClure from National Flood Experts discussing flood zones and insurance in real estate investing. DJ offers unique insights on due diligence and the financial implications of flood zone designations.

In this episode, DJ shares hidden opportunities that can save you thousands on flood insurance premiums. He reveals essential contacts, tools, and success stories, including removing the need for flood insurance entirely. Discover early action strategies, available resources for property owners, and the fascinating intersection of engineering, insurance, and real estate. Tune in to optimize your portfolio and enhance cash flow with DJ McClure's expertise.

[00:00] Excited to work together on real estate.

[03:07] Impact of cap rates on property valuations.

[07:44] Understanding flood zones and flood insurance requirements.

[11:01] Projects in 46 states, thousands of properties.

[15:37] Significant cash out refinance, major cost savings.

[18:42] Upfront cost, objective field work, successful outcomes.

[20:20] Clients without flood policies need our team.

[25:40] Regularly review deals to build network effectively.

[28:48] Check out flood insurance coverage across 46 states.

[29:46] Connect with us on social media platforms.

Connect with Jason Yarusi

Connect with Tri-City Equity!

Crushing Life and Business with Jason Yarusi

Tue, 12 Dec 2023 11:00:14 +0000

Welcome to another episode of The Cashflow Project! Today, we're delving into the world of entrepreneurship and real estate with the incredible Jason Yarusi. With a portfolio of over 2300 apartment units valued at $245 million, Jason is not only a real estate powerhouse but also a thought leader in personal development through his Live 100 project. Join us as we explore Jason's journey from New Jersey to his success in multifamily real estate, touching on the intricacies of work-life balance, especially when your business partner is your spouse. Jason shares valuable insights into sustainable business planning, adaptability, debt management, and navigating commercial debt in a high-rate environment.

Discover the influence of Jason's father's entrepreneurial spirit, the power of persistence, and the importance of taking action to achieve financial freedom. We'll also discuss intentional consumption of information and media and how it shapes our thoughts and future. If you're eager to learn more, Jason will provide ways to connect and explore his new podcast for additional insights. Get ready for a thought-provoking discussion that could reshape your views on money, life, and success on The Cashflow Project!

00:00 Started various businesses, transitioned to real estate.

05:27 Focus on one market to become successful.

07:45 Learning discipline, hard work leads to success.

09:44 Reflect on failures to succeed in future.

15:45 We have what we need to progress.

17:08 Intentionally replacing bad habits leads to better life.

22:48 "Know what you need for financial freedom."

24:47 Entrepreneurial experience shared, learn from mistakes.

26:44 Emphasizing the importance of being great parents.

Connect with Jason Yarusi

Connect with Tri-City Equity!

Savvy Multifamily Operations with Ken Gee

Tue, 05 Dec 2023 11:00:12 +0000

Welcome to another captivating episode of The Cashflow Project, where we delve into the intricate world of real estate investment with the seasoned Ken Gee. With over two decades of experience in real estate, banking, and private equity, Ken shares insights from his journey – from a commercial lender to a full-time real estate investor. Unveiling his early successes, including a remarkable half-million-dollar profit from three multifamily deals in just two years, Ken is more than an investor; he's a strategic thinker who understands the market's nuances.

In this episode, Ken and I explore the pivotal importance of having a driving force that propels one towards success. We discuss the disciplined approach to real estate that not only leads to lucrative returns but also fosters longevity in the industry. From navigating current market challenges, such as Florida's insurance costs, to maintaining disciplined underwriting amidst economic pressures, Ken offers valuable insights suitable for both seasoned investors and newcomers to the field. Join us on this educational journey with Ken Gee and let's expand our investment horizons together on The Cashflow Project. 🚀

00:00 Podcast discusses investing in multifamily real estate.

03:14 Overcame challenges, made fortune in real estate.

08:26 Summarize the text using 7 words: Understanding numbers and underwriting in finance.

11:02 Profit from rent increases, cash flow crucial.

14:20 Find, run, improve properties, understand perspective, budget.

19:09 Developers focus on ultra luxury for profit.

20:07 Create value through property renovation, drive income.

24:55 Real estate fundamentals remain despite media hype.

28:25 Strive for risk-averse assets in investments.

32:47 Struggling to find decent tenants, Karen suggests improvements.

34:00 Earn money, but don't quit your primary job.

37:02 Importance of proper commercial real estate underwriting.

Connect with Ken Gee

Connect with Tri-City Equity!

Navigating Market Shifts: Nic DeAngelo and the Art of Real Estate Investing

Tue, 28 Nov 2023 11:31:37 +0000

Welcome to a brand-new episode of The Cashflow Project. Today, we are rejoined by the wildly successful Nic DeAngelo, CEO and founder of Saint Investment Group. Nic, who began his journey in the banking industry, eventually ventured into the captivating world of real estate, where he realized his true calling. From growing up in a family with a deep-rooted work ethic to witnessing the 2008 financial crisis, Nic's journey offers great insights into the role that resilience and sustained vision play in the road to success.

We'll discuss the importance of observing market conditions, the pros and cons of investing in hard assets, and the need to think long-term in real estate investing. With an impressive portfolio and a strategy-driven process, Nic and his team aim to navigate this dynamic landscape with clarity, vigilance, and adaptability.

And it's not complete without some predictions about the future, especially around inflation and the adjustments investors need to make to stay ahead. Nic shares his belief that real estate is a good investment over the next decade, given a landscape of 5-6% interest rates.

Expect some hearty discussion on time horizons in investing, understanding value, and forging profitable, flexible cash flow models. This episode is a wealth of knowledge and insights for both novice and veteran investors looking for strategies to fortify their financial future.

Stay tuned, folks. It's going to be quite a ride!

[00:00] Multigenerational immigrant family with entrepreneurial mindset.

[04:05] Taking hometown opportunities for granted, settling for mediocrity.

[07:25] US banks barely surviving; government pays bills. Global concerns for the finance market. Opportunity post-2008 crisis with low-cost sales.

[10:37] Observing financial activities with inside knowledge.

[14:19] Intense acquisition, investors wanted less involvement.

[18:31] Learn to pivot and solve problems, add value.

[23:02] Serious concern about future market trends.

[24:00] Return to normal: interest rates will rise.

[27:22] Real estate: think local, don't panic.

[31:30] Start early, think long term, avoid risks.

[36:45] Honoring family, appreciating sacrifice, being observant.

[38:32] Powerful to acknowledge limitations; seek expertise. Value investors, long-term vision.

[40:58] Monthly meetup in Honolulu, multifamily focus. Find us on Meetup.com

Connect with Nic DeAngelo

Connect with Tri-City Equity!

The Fit Investor: Holistic Living and Real Estate Success with Cale Delaney

Wed, 22 Nov 2023 08:59:10 +0000

Welcome back to The Cashflow Project. Today, we have a special guest with an incredibly inspiring journey in the world of real estate. Known as the Fit Investor, Cale Delaney turned an initial $300k investment into a $6 million real estate portfolio in less than two years! Starting out as a commercial broker, Cale transitioned to residential properties, focusing on short-term rentals in the Smoky Mountains and South Florida. With unconventional strategies and a fearless approach to real estate investing, Cale is here to share his journey, strategies, and wisdom.

In this episode, we will deep dive into how he built his portfolio, his decisive steps with properties, and the lessons he's learned along the way. Not only will there be insights into the current state of the real estate market, we'll also discuss Cale's new podcast, "The Fit Investor", which encourages a more balanced lifestyle for entrepreneurs.

Whether you've been investing in real estate for years, or you're just starting out, there's something to learn from Cale's journey. Tune in to hear his unique approach to achieving financial freedom with short-term rentals. Stay tuned until the end for Cale's tips for anyone wanting to embark on a similar journey. Let's venture into this cash flow journey with Cale Delaney.

[02:59] 2008 crisis led to construction management career.

[05:01] Long-term rentals not working, discovered short-term rentals.

[09:15] Booming market propelled income, equity, purchases, growth.

[13:04] Take a leap of faith, learn and move on.

[15:27] Taking the first step despite fear.

[17:45] First year in real estate, learning and adjusting.

[20:26] Normalizing, strong revenue growth, flat year, successful.

[25:56] Podcast created to discuss faith and success.

[30:08] Value relationships; get outside your comfort zone.

[34:55] Share, review, tickets for Hawaii conference.

Connect with Cale Delaney

Connect with Tri-City Equity!

Scaling Real Estate with a Mindset of Success - Jim Lee

Tue, 14 Nov 2023 11:07:51 +0000

Welcome to another episode of The Cashflow Project. Today we have a very special guest, an entrepreneur and real estate aficionado, Jim Lee. Born and raised in Taiwan, Jim migrated to the US and began his career at LoopNet, sparking his interest in real estate. His journey is a testament to persistence and determination, as he's successfully scaled to owning 600 units in just two years. Today, we'll delve into the mind of this real estate magnate, discussing everything from the inspiration he drew from Netflix's workplace culture, to the importance of transparency with investors during tumultuous times. We'll also discuss his strategies for increasing revenue, like innovatively charging for amenities. So sit back, tune in, and get ready to navigate the world of real estate with Jim Lee.

02:58 Jobless period helped develop valuable skills. Confidence in business knowledge is key.

04:17 Sales role after college, introverted, successful. Reflecting on past mindset and cultural expectations.

07:59 Struggled to syndicate first real estate deal, educated.

10:51 Networking: Growth requires leaving comfort zones.

13:43 Real estate investment brings substantial financial gains.

17:20 General partner advises transparency, avoid panic. Previous loss due to dishonesty and lack of communication. Current strategy is to inform investors and provide updates.

20:06 "Cut through, improve, opportunities arise, kudos, awesome market"

24:14 Busy professionals can achieve financial freedom through side hustles.

26:54 Persistence leads to eventual success in career.

Connect with Jim Lee

Connect with Tri-City Equity!

Durable Wealth and Asset Protection with Scott Smith

Tue, 07 Nov 2023 11:00:13 +0000

Welcome to another episode of The Cashflow Project! Today, we're joined by Scott Smith, founding attorney at Royal Legal Solutions, with expertise in protecting real estate assets and creating wealth. Scott shares his journey from auto repair to asset protection, emphasizing the significance of LLC structures and estate planning. Steve and Scott explore seizing opportunities, networking, and continuous learning, offering valuable resources and book recommendations like "Living Untethered" by Michael Singer. They conclude with a call to action, encouraging listeners to propel their financial lives forward and engage with upcoming events. Get ready for financial insights on The Cashflow Project with Scott Smith!

[00:02:11] Climbing mountains led to financial concern.

[00:05:25] Solid investments provide tax benefits; it takes 5 years.

[00:07:19] Ambition to learn is key for mentorship.

[00:12:05] Always invest to offset taxes, like a game.

[00:13:59] Investing broadened expertise; delegated tasks, prioritized enjoyment.

[00:18:29] Be excited for the next 5-10 years.

[00:19:47] Waitress questions the man about his success.

[00:25:16] Free video training on wealth building strategies.

[00:27:15] Great conversation with Scott from Royal Legal Solutions.

[00:29:25] Closing insights

Connect with Scott Smith

Connect with Tri-City Equity!

Fearless Finance with Jack Miller

Tue, 24 Oct 2023 10:00:15 +0000

Welcome back to another episode of The Cashflow Project! In today's episode, our host, Steve Fierros, sits down with Jack Miller. As someone who has witnessed the dynamic changes in the field over the past two decades, Jack shares his insights on navigating the challenges brought about by these transformations. From the evolution of marketing and technology tools to the importance of thinking generationally, Jack provides fascinating perspectives on setting up the next generation for success. He also dives into the strategies employed by his company, Gelt Financial, offering various financing solutions to real estate investors and business owners. Join us as we explore the impact of changes in the industry, the role of human psychology in financial situations, and the importance of addressing problems before it's too late. So grab a cup of coffee, sit back, and let's dive right into the world of cashflow with Jack Miller! Welcome to The Cashflow Project.

[00:02:26] Rapid changes in real estate over time.

[00:05:10] Challenges and offerings in wide-ranging lending products.

[00:06:32] Creative, entrepreneurial company providing various types of capital.

[00:11:57] Financial situations depend on human psychology.

[00:13:19] Time-sensitive deals causing panic, we can help.

[00:16:43] Leverage, blanket loans, short-term and long-term deals.

[00:22:04] Most people are stuck in their minds.

[00:23:28] Started company when son born in 1989. Future-focused approach.

[00:26:37] Reading shapes my belief in emulating success.

[00:32:12] Insightful interview with lending expert Jack Miller.

[00:32:46] "Lots of great insight. Need lending help? Reach out to Gelt Financial for options. Subscribe, recommend, leave a 5-star review."

Connect with Jack Miller

Connect with Tri-City Equity!

Maximizing Tax Savings with Cost Segregation: Insights from Joseph Viery

Tue, 17 Oct 2023 10:00:18 +0000

Welcome to The Cashflow Project! Today, we have Joseph Viery, a tax expert and entrepreneur, on the show. Joseph shares his insights into cost segregation, a powerful tax strategy that allows investors to accelerate depreciation and increase their deductions. He also reflects on his journey and the challenges that come with success. So, whether you're an experienced investor or just starting out, this episode is packed with valuable information to help you navigate the world of real estate and optimize your cash flow.

We appreciate your support and encourage you to leave us a five-star review. Your feedback helps us bring in more guests who provide incredible value to our community.

Thanks for listening!

00:01:14 Cost segregation, industry changes, and tax guidance.

00:05:26 Real estate cycle brings challenges and opportunities.

00:07:42 Tax savings benefit takes a few years.

00:09:37 Depreciation: property value divided by certain years.

00:16:11 1031 exchange freezes property value for eternity.

00:18:33 Potential future benefit - if earnings allow.

00:21:53 Depreciation recapture is 25%; hold property for 1.5-2 years.

00:24:26 Powerful tax strategy for active investors.

00:29:38 Mindset is key to financial success.

00:32:17 Cost segregation allows you to carry losses forward.

00:33:37 Please review and share our show for value.

Connect with Joseph Viery

USAGI

Connect with Tri-City Equity!

Growing Beyond Comfort: Vessi Kapoulian on Real Estate, Risk-Taking, and Financial Freedom

Tue, 10 Oct 2023 10:00:12 +0000

Welcome back to another episode of The Cashflow Project! In today's installment, we have a very special guest, Vessi Kapoulian. Vessi is an expert in real estate investing, particularly in the underwriting aspect of the business. Join us as Vessi shares their personal journey of stepping out of their comfort zone, taking calculated risks, and achieving financial success through real estate. They will dive into the importance of evaluating deals and partnerships, the lessons learned from their own investment experiences, and the steps they took to build a thriving real estate portfolio. Get ready to be inspired and motivated as Vessi Kapoulian shares their insights on real estate investing and the path to financial freedom. Let's jump right in!

[00:01:33] Growing up in Bulgaria during the Cold War, real estate was seen as a symbol of success and investment for future generations.

[00:05:13] Immigrants seize opportunities, unlike those born here.

[00:08:01] Self-education led to finding homes out-of-state.

[00:11:59] Stepping out of comfort zone for growth.

[00:13:04] Wanted to buy duplex but faced obstacles.

[00:18:53] Economies of scale, combining spaces, lending experience.

[00:23:10] Regret not starting real estate sooner. Enlighten others about its benefits.

[00:24:26] Value added solutions for creating passive income.

[00:28:09] Safeguards for weaker players in uncertain space.

[00:31:00] Professionally underwriting deals and evaluating partners.

[00:36:11] "Connect with successful people for guidance"

Connect with Vessi Kapoulian

Website: DBA Capital Group

Connect with Tri-City Equity!

Airbnb Empire and How to Build Yours with Michael Elefante

Tue, 26 Sep 2023 10:00:19 +0000

Welcome to The Cashflow Project! In this episode, we feature Michael Elefante, who shares his journey to financial freedom. He realized that money is a tool for time and pursuing passions. He invests in high-quality amenities and services to attract high-end guests. In this episode, he shares insights on real estate investments, leveraging opportunities, tax benefits, scalability, investing in oneself, data analysis, future trends, and technology. Whether you're a seasoned investor or just starting out, this episode has something for you. Subscribe and leave a review!

[00:03:02] Desiring more money, but found true happiness.

[00:06:40] Exploring real estate opportunities, leveraging and scalability.

[00:10:04] Mindset crucial for transitioning from consumer to producer.

[00:13:35] Changing mindset from cost savings to investment.

[00:14:57] Learn from others, get coaching, save time.

[00:18:41] Regulation, demand, and research are important for investing.

[00:22:01] Invest in quality amenities to attract premium guests.

[00:24:12] Cheap out, replace, pain, lost revenue, coaching program.

[00:27:44] Transition to a liberating perspective with a book.

[00:33:28] Quickly scale up, seize networking opportunities for success.

[00:34:05] Multifamily group meets monthly for networking events.

Connect with Michael Elefante

Bnb Investor Academy

Connect with Tri-City Equity!

Profiting from Syndication Deals: Navigating Exits for Wealth Creation in Real Estate

Tue, 19 Sep 2023 21:07:11 +0000

Welcome to another episode of The Cashflow Project Podcast! In this episode, host Steve Fierros is joined by his partner Duc Ong to discuss syndication deal exits. As the co-host of the show for many episodes, Duc is no stranger to the listeners. Together, they delve into the world of investment exit strategies, specifically focusing on real estate syndications. They provide an overview of what syndications are and how they work, emphasizing that it allows everyday investors to participate in high-quality commercial assets that would otherwise be out of reach. Steve and Duc also share the current state of their company, Tri City Equity Group, highlighting their successful track record, impressive returns, and the launch of their property management company, Black Sand Property Management. Throughout the episode, they emphasize the need for better alternatives to traditional investment options and the potential for significant returns in syndications. Join us as we dive into the world of syndication exits and uncover the strategies for maximizing profits. Let's get started!

[00:01:28] Risk syndication: pooling capital to invest in larger assets. Tri City Equity Group: owns 7 assets valued at $55 million. Average annual return of 41%. Launching property management company.

[00:03:56] Understanding returns and investment options; profitable exits.

[00:07:15] Possible high returns, networking, not investment advice.

[00:13:17] Leverage existing assets, put debt on it. Powerful strategies for wealth. Refinance, create value, boost NOI. Options for capital after refinance?

[00:14:46] Consult with a CPA for tax advice. Reserve funds for tax liabilities. Use high yield savings accounts for profits. Maintain liquidity for future investment opportunities. Consider investing in multifamily syndication deals. Offset active income with passive losses. Be cautious of tax brackets. Explore cash value life insurance policies. Act as your own bank.

[00:19:23] Summaries: 1. Explore previous episodes for more information. 2. Real estate investing offers infinite returns. 3. Real estate investing is a passive income source. 4. Real estate investing offers tax advantages.

[00:22:43] Long-term play, real estate investment continues smartly.

Connect with Duc Ong:

www.franchisewithbob.com/

Connect with Tri-City Equity!

Franchising Your Way to Financial Independence: Insider Tips from Bob Bernotas

Tue, 12 Sep 2023 10:00:18 +0000

Welcome back to another episode of The Cashflow Project! Today we have a very special guest joining us: Bob Bernotas, a franchise consultant with decades of experience in the industry. In today's episode, we'll be diving deep into the world of franchising, uncovering the keys to success, and exploring the financial opportunities that lie within. Bob shares his expert insights on understanding the true needs of candidates and clients, the value of partnering with top-performing brands, and the importance of approaching franchising with an open mind. From the cyclical nature of the economy to the impact of COVID-19, Bob sheds light on how these factors shape the franchise landscape. He also shares his personal journey from owning a computer software company to becoming a successful franchise consultant. So, if you've ever wondered about the ins and outs of franchising, how to scale your business, or how to find the best financial opportunities, this episode is for you. Stay tuned for an informative and eye-opening conversation with Bob Bernotas on The Cashflow Project!

[00:01:25] Started own software business, then bought franchises. Now consults for franchisees.

[00:06:02] Franchising offers scaling opportunities with existing infrastructure. Many clients seek part-time business ventures. Franchisees can build legacies for their children. Scaling in franchising can be done through opening more units. Scaling can be costly in brick and mortar businesses. Service-related concepts allow for cheaper scaling. A lucrative example is a gutter installation concept. Franchisees can acquire multiple territories for increased financial upside. Adding new services to existing customer base is possible. Clients can expand their business by buying additional brands. A successful couple quit their jobs to pursue franchising.

[00:11:35] Focus on ROI and ethical value.

[00:15:53] Powerful questions for real estate business cycles, COVID impact, and consulting benefits.

[00:19:11] Brick and mortar retail costs considerably more. Retail cost doubles compared to other concepts. Service businesses are more scalable. Hot concept too good to pass up.

[00:20:41] Franchise investment options and strategies for success.

[00:24:16] Background irrelevant. Franchises seek smart, driven people.

[00:26:53] Territory is crucial; focus on emerging brands.

[00:30:30] Identifying traits, analyzing needs, finding better fit.

[00:35:27] Risk in franchises, focus on successful ones.

[00:38:21] Conversation with Bob Bernardes on franchise opportunities.

Connect with Bob Bernotas

Connect with Tri-City Equity!

CP 146: Short Term Rental Ownership, Sales and Management with STR Nation's Stephanie Figueros

Tue, 05 Sep 2023 10:00:12 +0000

Welcome back to another episode of "The Cashflow Project"! In this week's episode, we have a special guest, Stephanie Figueros. Stephanie is a former registered nurse who made a bold career shift during the pandemic to pursue her passion for real estate investing. Join us as we dive into her inspiring journey, from leaving the stability of the medical field to becoming an agent for investors, specializing in short-term rentals. Stephanie shares her insights on mindset, the importance of building the right community, and her strategies for success in the ever-evolving short-term rental market. So grab your tool belt and get ready to learn from one of the industry's rising stars.

00:01:38 Former nurse turned real estate investor and coach.

00:04:47 Real estate offers options and opportunities.

00:08:00 "I love that tool belt analogy, right?"

00:13:20 "Start, do it scared, learn on the job."

00:14:36 Short-term rentals started as a business. Marketing is important for success. Constantly improving to stay competitive.

00:18:39 Virtual and in-person community for short-term rentals.

00:25:01 California, Texas, Tennessee, Florida are main markets

00:27:33 Diverse markets and geographic balance are key.

00:33:17 Don't do it alone, seek successful examples.

00:35:37 Great episode with Stephanie Figueros on short-term rentals and making career shifts. Check out their website and meetups. Share the podcast for more empowerment.

Connect with Stephanie Figueros

Instagram: @stephaniefigueros

https://www.eventbee.com/v/strnationconference#/tickets

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CP 145: Mastering Long-Term Holds: Real Estate Investing Tips from Drew Breneman

Tue, 29 Aug 2023 14:35:51 +0000

Welcome back to another episode of The Cashflow Project! In today's episode, we have a special guest, Drew Breneman, joining us to share his wealth of knowledge and experience in the world of real estate investing.

Drew is the founder of Brenneman Capital, a company that not only helps him grow his own wealth but also assists other investors in establishing their cash flow and building their own financial empires. With over $175 million worth of properties under his belt, Drew brings a unique perspective and expertise to the table. In addition to his real estate ventures,

Drew has an intriguing background as a magician, adding a touch of magic to his success story. We'll dive deep into his journey, from his humble beginnings in self-managing rental properties to specializing in multi-family deals and acquiring properties off-market. Drew will also discuss the importance of partnerships, long-term thinking, and the pursuit of generational wealth. So, sit back, relax, and get ready for an eye-opening conversation with Drew Breneman on The Cashflow Project!

00:02:53 Started young with an internet business, magic. Resold video game items, then got into real estate investing in college. Bought properties, made profits, expanded to commercial and multifamily deals. Focused on cashflow, leased long-term. Developed expertise in Chicago market.

00:14:55 Naturally money-minded individual encourages son's investment.

00:18:16 Confidently assessed and researched, successfully completed deals.

00:21:43 Mixed experience managing properties in multiple locations

00:26:41 Cash flow strategy worked in the past, but current deals offer low cash flow. Buying now at a discount may lead to big returns in the future. New projects halted, rents may explode, interest rates could drop. Long-term holds have built wealth.

00:34:14 Investment strategy: simple, long-term, high return.

00:39:50 Choose: passive investing or entrepreneurial path.

00:41:57 Kids parties, investing, podcast, social media, guidebook.

00:45:20 Partnerships can be powerful for investors. Long-term thinking and wealth building are important. Connect with others and provide feedback.

Connect with Drew Breneman

www.breneman.com/

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Bankrupt to financially free in 3 years through self storage w/Chris Long

Tue, 22 Aug 2023 10:00:14 +0000

Welcome back to another exciting episode of The Cashflow Project! In today's episode, we have a special guest, Chris Long, joining us to discuss his innovative business model in the real estate sector. Chris is the mastermind behind Longyards, a company based in Florida that utilizes industrial-zoned space to cater to larger storage needs.

In our conversation, we dive deep into Chris's journey as a CEO and business owner, exploring the valuable advice he has to offer. We'll also touch upon the challenges he faced, the lessons learned from bankruptcy, and how he managed to bounce back and rebuild his wealth in just three years.

Chris emphasizes the importance of having clear checklists, achievable goals, and the relentless pursuit of action, perseverance, sacrifice, and resourcefulness. This episode will inspire you to take charge of your financial freedom journey and equip you with practical strategies to navigate the business landscape.

Steve: Welcome to The Cashflow Project, I'm your host, Steve Fierros, with Tri-City Equity Group. Today we have Chris Long on the show.

Chris Long is the founder and operator of Longyards Storage. After nearly a decade as a carpenter and business owner of Conrad Construction, Chris ventured full-time in the realm of self-storage. Having created the very first Longyards Storage in his hometown of Ottawa, ON, Canada, he emigrated to the United States to pursue the international buildout of the company. He is responsible for the construction, stabilization, and management of assets.

[00:01:33] Long Yard solves gap in marketplace by providing yards for small businesses.

[00:05:51] Entrepreneurial spirit leads to fearless persistence and success.

[00:07:39] Importance of mindset in entrepreneurship and overcoming fear.

[00:11:46] CEO learning curve, building team, acquisition challenge

[00:13:43] The humility of business owners is crucial. Growing pains are inevitable. Tweak and dial in as you go. Challenges are part of the journey. Focus on specific areas or operate on both fronts.

[00:17:35] Seeking wholesalers for industrial and commercial land. Multiple layers of filtering and zoning codes. Looking for four to six acres of industrial land near highways and good demographics. Innovating a U-Haul model for land acquisition. Join venture with landowners through franchising, joint ventures, or leasing.

[00:22:19] Unique model, high cash flow, strong partnerships.

[00:24:47] Florida offers awesome opportunities for investors.

[00:28:03] Identifying opportunity in red ocean, creating blue ocean.

[00:33:41] Achieving financial freedom: Clear goals and perseverance.

[00:36:27] "Awesome interview, great business advice for entrepreneurs."

Connect with Chris Long

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• Facebook

• Instagram

CP 143: Unleashing the Power of Passion and Investment with Dan Brisse

Tue, 15 Aug 2023 20:14:45 +0000

Welcome to The Cashflow Project, where we bring you the stories and strategies of successful individuals who have built lasting wealth and passive income. In today's episode, we have a very special guest: Dan Brisse, co-founder of Granite Towers Equity Group and a former professional snowboarder.

Dan's journey is an inspiring one, as he transitioned from the world of extreme sports to the realm of real estate investing. With over 2500 doors valued at about $370,000,000, Dan is a true expert in the field. He co-authored the book "Four Steps to Successful Passive Investing" and co-hosts "The Keeping It Real Estate Show."

In this episode, Dan shares his insights on the importance of teamwork in the commercial real estate business and the benefits of working with experienced operators. He also emphasizes the significance of investing in strong multifamily assets, especially in a thriving market.

But it wasn't always smooth sailing for Dan. He faced skepticism about his snowboarding dreams but persevered with the support of his parents. After a successful career on the slopes, he realized the necessity of creating passive income and delved into the world of real estate.

Dan's story is a testament to the power of mindset and the importance of surrounding oneself with successful individuals. He shares his strategies for identifying underperforming properties, capitalizing on opportunities, and creating wealth through careful planning and partnerships.

This episode also delves into the crucial topic of inflation and the consequences of excessive money printing. Dan's insights shed light on the need to outpace inflation and make wise financial decisions in an ever-changing economic landscape.

So join us for this captivating episode as we explore Dan Brisse's journey, learn from his experiences, and gain valuable insights into building wealth and passive income. Don't forget to leave a review and connect with us on social media to stay updated on active deals and events. Get ready to step into the world of financial growth on The Cashflow Project. Let's dive in!

[00:01:54] Midwest kid becomes successful snowboarder, then investor.

[00:07:07] Career winding down, seeking new direction in real estate.

[00:08:19] Creating wealth, freedom, and passive income.

[00:11:56] Real estate investing requires expertise and vision. Identifying opportunities can lead to significant wealth. Confidence, knowledge, and a solid business plan are crucial.

[00:15:36] Best time to buy, savvy investors cleaning up.

[00:21:02] Printing money leads to long-lasting inflation fallout.

[00:23:10] Mindset is key to achieving goals.

[00:27:09] Start slow, progress steadily, avoid injury.

[00:32:04] Snowboarder Dan shares his incredible career journey. Transitioned to syndications, creating wealth opportunities. Emphasis on investing for wealth preservation. Seek active opportunities via website and Facebook group.

Connect with Dan

Website: granitetowersequitygroup.com

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CP 142: Hawaii Millionaire's Mindset with Dearonne Bethea/ Vince Gethings

Tue, 08 Aug 2023 10:00:15 +0000

Welcome back to another exciting episode of "The Cashflow Project"! On today's show, we have a special guest, Vince Gethings, joining host Dearonne Bethea to discuss the Hawaii Millionaire's Mindset. Vince is a true entrepreneur and is creating his own franchise that will soon be released during an eagerly anticipated event. He shares his journey of building a brand, starting in the Texas market, and expanding to Hawaii. Vince's goal is to position his franchise as the fastest growing in the industry, with plans to open two to three stores within the next year. But that's not all - Vince also delves into his impressive portfolio, filled with trophy items he plans to pass down to his children.

Vince Gethings is an experienced real estate coach and entrepreneur who has been grinding for success for over 15 years. He has joined forces with a business partner to create a unique event that goes beyond the typical conference experience. Instead of hosting an event at a generic location, they aim to showcase the luxurious lifestyle they have worked hard to achieve. They plan to hold their event at prestigious venues such as the Four Seasons in Ko Olina and the Moanalani on Big Island. By combining vacations with education, they hope to offer participants a world-class experience that emphasizes legacy wealth. Vince's expertise in real estate, short-term rentals, vacation rentals, and flipping houses, coupled with his partner's business scaling and military background, makes their conference stand out from the rest. They are also incorporating retail and franchise scaling experts into their program, creating a comprehensive strategy that is unparalleled in the industry. With negotiations already underway for next year's event, Vince is incredibly excited about the success of their venture.

00:02:41 Exciting conference showcasing legacy wealth and innovation.

00:04:56 "Build cash flowing assets, create generational wealth."

00:08:08 Military veteran invests in real estate, achieves exponential growth, utilizes tax strategies.

00:13:00 Left military early, made a million.

00:17:20 Changing mindset to achieve multiple income streams.

00:21:10 Creating LP opportunities, franchise launch, expanding portfolio.

00:24:41 Building important assets, perfecting operations, scaling.

Connect with Tri-City Equity!

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Trials to Triumph with Caleb Johnson

Fri, 04 Aug 2023 03:14:33 +0000

We usually see the portraits of success from people who are accomplished. But behind the achievement, everyone has a story that got them to where they are.

In this episode of The Cashflow Project, Steve welcomes Caleb Johnson of Red Sea Capital, in a discussion about motivation, mindset, origin story, and market outlook for real estate. Caleb's experience, hardships, and perspective from the challenges of life at a very young age drives the lessons in their conversation.

Outline of the episode:

01:43 – Caleb's Journey to Real Estate

04:23 – On getting lulled into the trap of a job.

06:02 – Taking action sooner.

07:13 – Differences of residential and commercial investments.

11:09 – About Caleb's podcast: From Trial to Triumph

12:24 – Learning from and benefits of hosting a podcast.

13:35 – The importance of a positive and solid mindset.

15:24 – On the story behind motivation for succeeding.

19:04 – Long term outlook, opportunities, and dichotomies.

23:02 – A great picture for value creation

24:42 – On underwriting and advise on building relationships.

28:01 – Fire Round: Best book recommendation

28:37 – Fire Round: What is your superpower?

29:12 – Fire Round: Biggest Lesson from career

30:40 – Advise for the busy working professional

32:30 – Caleb's contact info

About Caleb Johnson:

Caleb has been an entrepreneur since the age of 18, he founded Red Sea Capital in 2022. Prior to that, he joined NK Development Group in 2021 where he aided in capital and acquisition to grow the company to over 450 units in 2 years. He currently manages assets in numerous locations like New Mexico and Oklahoma. He also has fractional partnership interest in multifamily and retail properties in Arizona since 2021. His mission is to be a faith-based professional, committed to investors, and building relationships.

Connect with Caleb Johnson …

Website: https://redseacapitalgroup.com/

Caleb's Podcast: https://redseacapitalgroup.com/listen/

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How to Survive in Real Estate with John Schuchman

Tue, 25 Jul 2023 10:00:16 +0000

In this episode of The Cashflow Project, Steve talks with John Schuchman about his journey to success in real estate, and the role social media played in his career. Their practical and relational approach to ideas is what makes this episode a must, not only for real estate investors for entrepreneurs in genera. John shares important lessons in his life experiences, from investing in yourself to establishing quality connections with random people through social media.

When promoting your business, posting on social media is a daunting task for most people. How do you even get started with what to post? I'm not good at this, what would my family and friends say?

Intrigued? Let's find out more.

Outline of the episode:

01:32 – John' journey to real estate through multiple jobs

04:42 – Leveraging social skills and social media.

06:23 – From first house sold to paying off debt in two years.

11:09 – Investing % of your income to become better.

15:26 – On the power of mastermind and surprise lessons.

17:07 – Sharing life lessons and calling success into question.

20:05 – Constantly pushing yourself to be better in all aspects.

23:01 – On perspective when utilizing social media.

28:32 – Posting as a storyteller, not begging for a sale.

31:12 – Dealing with negative generalizations from the public.

34:31 – Understanding client needs and generosity from success.

39:21 – An important tip for investors

42:18 – Fire Round: Best book recommendation

43:47 – Fire Round: What is your superpower?

45:35 – Fire Round: Biggest learned so far

46:50 – Advise for the busy working professional.

About John Schuchman:

John communicates well with agents and their entrepreneurs and has a heart for helping others succeed. His kindness and expertise come through clearly in his voice.

By way of background, John lost a full-time W-2 job and struggled mentally and emotionally for months before he found his home in real estate business and a passion for not only helping his own clients, but he also has a gift for helping others grow businesses organically through the power of social media. John coaches others to do this with no cold-calling and no-pitching, just purely sharing stories and treating people the right way.

Connect with John Schuchman …

Website: https://therealestatesurvivalguide.com/

Email: JohnSchuchmanRealtor@gmail.com

LinkedIn: https://www.linkedin.com/in/johnschuchman/

Instagram: https://www.linkedin.com/in/johnschuchman/

Facebook: https://www.facebook.com/JohnSchuchman/

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Creative design, shipping containers and real estate with Rick Coughlin

Tue, 18 Jul 2023 10:00:15 +0000

Is it possible to bring together your experience from another market segment, and merge it with your passion while addressing a market gap?

Join Steve in this episode of The Cashflow Project, as he talks to Ric Coughlin of Grove Studios in a very creative discussion about design, technology, music, real estate, and how innovating the short-term rental business model brings them all together.

Together let's learn how we can monetize on our passion!

Outline of the episode:

01:09 – Rick's entrepreneur journey.

03:53 – Merging the love for technology, music, and real estate.

06:17 – How they started a short-term rental for creatives.

08:57 – Leveraging experience and competence from a different segment

12:11 – Bringing together disparate ideas and making them work.

12:41 – Recognizing the gap and building a business model.

14:10 – On repurposing underutilized spaces and shipping containers.

17:16 – On using automation technology and parallels with short-term rentals.

21:22 – A walkthrough of their project in Tucson and their long-term plans

23:28 – Self-awareness on skills and partnering with the right people.

27:40 – Upcoming projects in Detroit and valuing integrity

33:36 – On social media presence and education-based marketing

35:47 – Benefits of using containers, even for multifamily purposes

40:44 – Fire Round: Best Book

42:52 – Fire Round: What would you consider your superpower?

44:58 – Fire Round: Biggest lesson you've learned

47:50 – Advise for the busy working professional

About Rick Coughlin:

Rick is a versatile professional with over 25 years of experience in education, administrative leadership, sales, and enterprise technology integration and is an active short term rental operator.

Rick's journey began as the co-founder and Chief Vision Officer of Grove Studios, a 24/7 self-service creative studio startup. His vision for scaling music, audio, and visual production studios globally using modular cargo architecture design led him to join the innovative architecture firm Three Squared Inc., where he continues to push the boundaries of construction practices.

Rick's unwavering commitment to growth, his expertise in innovative construction, and his passion for providing exceptional guest experiences make him a dynamic professional in the field of short-term rentals.

Connect with Rick Coughlin …

Grove Studios Website: https://grovestudios.space/

ThreeSquared Inc. Website: https://www.threesquaredinc.com/

LinkedIn: https://www.linkedin.com/in/iamrickcoughlin/

Instagram: https://www.instagram.com/iamrickcoughlin/

Facebook: https://www.facebook.com/iamrickcoughlin

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Success in family and business with Jim Sheils

Tue, 11 Jul 2023 11:00:14 +0000

Join Steve Fierro in this episode of The Cashflow Project, as he sits down with Jim Sheils and discuss how it is possible to take care of both your business and your family together. Jim's successful career in real estate is matched with his success in his family life, bringing a heartwarming and inspiring message of being able to buy back time to spend with your family.

For a lot of entrepreneurs, focusing and growing a business requires time away from the family with an earnest hope that they would understand. But, despite their understanding, does your family dynamic really stay the same or as expected when you're not around?

Tune in to this very interesting conversation.

Outline of the episode:

01:17 – Jim's journey into Real Estate and lessons along the way

04:02 – On current markets and being better prepared.

05:13 – Jim's business strategies over time

06:54 – Challenges in older properties and the 3-year curse

10:24 – Starting small with better quality.

12:06 – Benefits of a modern property

14:13 – The real estate market in Florida

16:33 – On hyperlocal nature of real estate

17:49 – On holding high quality hard assets.

19:20 – About 18 Summers, and Jim's family life

21:10 – Success is debatable if you lose your family.

22:19 – Real Estate as a leveraging tool

23:30 – The math of 18 summers and making it count.

25:02 – The impact of not being present for your family.

26:39 – You can have the best of both worlds.

31:19 – A new book: The Passive Income Playbook

33:17 – Fire Round: Best Book

34:09 – Fire Round: What's your superpower?

34:33 – Fire Round: Biggest lesson learned so far

35:22 – Advise for the busy working professional

About Jim Sheils:

Jim Sheils is a full-time real estate investor for over twenty-two years, completing over 2,000 acquisitions and rehabs. After his start in Bakersfield CA, he came to Florida to follow the long-term growth patterns he was seeing predicted for the southeastern United States.

Post 2008, his company, Jax Wealth Investments focused on bulk foreclosure acquisitions for several years until creating a joint venture with Carter and Chris Funk to focus on the emerging “Build To Rent” model.

In 2022, after over $300 million in deals together, Jim came on as a full partner in SI Homes. This dynamic partnership has enabled him to better develop key initiatives and relationships with both clients and strategic partners.

In addition to real estate, Jim is co-founder of the company 18 Summers and best-selling author of the popular book “The Family Board Meeting”. His family talks have been delivered on stages worldwide and are a matching core value for our team and many of our clients.

Connect with Jim Sheils …

Website: https://southernimpressionhomes.com

Website: https://www.18summers.com/

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https://www.podchaser.com/podcasts/the-academy-presents-podcast-1579049

International Short term rentals with DeAnna Lee

Tue, 13 Jun 2023 10:27:25 +0000

Join Steve in this episode of The Cashflow Project as he sits down with DeAnna Lee, a short-term rental investor and founder of Destination Dream Homes. DeAnna takes us on her inspiring journey into real estate investing, sharing her early experiences with house flipping and the strategic decision to purchase a duplex as her first home. Discover how a challenging flood incident transformed her perspective, leading her to explore the world of Airbnb rentals and remote property management. Tune in to gain wisdom from DeAnna's personal journey and discover the possibilities of short-term rentals and remote property management.

International Short-term rentals with DeAnna Lee

DeAnna is a real estate investor and entrepreneur who shares valuable lessons learned along her journey. She emphasizes the importance of having backups and contingencies in place, investing in the best team, and surrounding oneself with like-minded individuals. DeAnna discusses her international real estate ventures, including her experiences with financing properties and leveraging debt strategically. She highlights the power of visualization, gratitude, and setting goals. DeAnna also shares her current projects, a glamp site in Utah and a wellness retreat in the Dominican Republic, and invites interested individuals to reach out. She recommends seeking education and mentorship, and shares her personal story of overcoming challenges

About DeAnna Lee:

DeAnna Lee is the host of Destination Dream Homes and a passionate individual who combines her love for nature, design, and real estate to create unforgettable experiences for guests. She started her journey as a single mom, purchasing her first duplex and renovating it into a cherished home filled with memories. Over time, she discovered the potential to merge her interests into something remarkable—providing beautiful spaces and top-notch amenities for travelers. DeAnna's goal is to offer a stress-free vacation experience, allowing guests to unwind and enjoy every moment without worrying about the details. She strives to create an atmosphere of ease and relaxation, ensuring that her guests return repeatedly, building lasting memories with their loved ones.

Outline of the episode:

(0:02) - Welcoming a Passionate Real Estate Investor

(1:14) - Exploring the Exciting World of Real Estate

(5:55) - The importance of no borders in investing: Unleashing Opportunities in Short-term Rentals

(10:51) - The importance of level setting: Aligning Expectations for Success

(18:21) - Maximizing Returns and Weathering Storms

(22:29) - Building Dreams and Creating Experiences

(27:05) - The power of vision boards and visualization: Manifesting Success through Clarity and Gratitude

(33:56) - Learn from Mistakes and Prioritize Self-Care

(37:54) - Connecting, Overcoming Barriers, and Expanding Networks

Connect with DeAnna Lee …

Website: https://destinationdreamhomes.com/

YouTube: https://www.youtube.com/channel/UCu5gmWUfrXZ6QTMBud_Lf1Q

Instagram: https://www.instagram.com/destination_dream_homes/

Facebook: https://www.facebook.com/DestinationDreamHomes/

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Impact and Income through Residential Assisted Living w/ Isabelle Guarino-Smith

Wed, 24 May 2023 10:00:08 +0000

Welcome to The Cashflow Project! Join Steve as he explores the world of residential assisted living with the incredible Isabelle Guarino-Smith. Discover Isabelle's inspiring journey and how her family revolutionized senior care by transforming single-family homes into warm havens for seniors. Learn how they built a successful business and became influential trainers in the industry. Isabelle unveils the untapped potential in senior housing, fueled by the upcoming "silver tsunami" of the baby boomer generation. Find out how to seize the massive opportunities and be part of this booming market.

Impact and Income through Residential Assisted Living

Isabelle reveals golden opportunities in the booming senior housing market. Learn the secret to success: being an early player and scaling up to attract buyers and investors. Discover the power of packaging and selling multiple facilities for long-term financial prosperity. Experience the emotional fulfillment of improving seniors' lives and the positive ripple effect on families, caregivers, and the community. Invest in high-end areas for a seamless blend of upscale living. Join Isabelle on this captivating journey to positively impact one million lives in 10 years. Unleash the secrets of success and leave a lasting legacy!

About Isabelle Guarino-Smith:

Isabelle is a graduate from Arizona State University, a former flight attendant, Walt Disney World intern and now Residential Assisted Living Academy’s leading lady. She has been working as the COO of the company for the last 6 years, keeping everyone in line and on task. She's been featured in many magazines and articles on the topic of Senior Housing and most recently was given the title as one of the "Top Influencers in Senior Housing". Isabelle also won Aging Media's "the Future Leaders of Assisted Living" award in 2020 being 2 of 100's under 30 to make the list.

Outline of the episode:

0:02 - Introducing Isabelle

1:08 - Unveiling the Journey: Isabelle's Path to Residential Assisted Living

2:54 - Navigating the 'Silver Tsunami': Baby Boomers' Impact on the Senior Housing Market

6:36 - Seizing the Golden Opportunity: First to Market in Senior Housing Industry with Isabelle

10:09 - The importance of having multiple exit strategies.

11:34 - The Landscape of Assisted Living: Mom and Pop-Style, Scalability, Creativity, and Emotion

16:39 - Expanding Horizons: Assisted Living Beyond Location and Cost Arbitrage

18:33 - Diverse Paths to Enter Assisted Living: Converting Homes, Overcoming Pushback, Buying Existing Businesses, and Building Custom Facilities

22:11 - Impacting Seniors and the Community: Strategy, Million Dollar Timeline, and Book Recommendations

24:38 - Book Recommendation: The 5 AM Club

Connect with Isabelle Guarino-Smith…

Website: https://residentialassistedlivingacademy.com/

LinkedIn: https://www.linkedin.com/in/isabelle-guarino/

Podcast: https://residentialassistedlivingacademy.com/podcast_personality/isabelle/

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Investing Rocks! w/ Angel Williams

Wed, 17 May 2023 12:02:25 +0000

Get ready to be inspired as Steve sits down with Angel Williams on the latest episode of The Cashflow Project! Angel is a co-founder and podcast host of The Academy Presents. With her extensive knowledge of residential real estate investing, Angel shares her passion for educating and growing the brains of listeners through her free content. From single-family homes to multifamily syndication, to oil and gas, Angel's expertise is sure to inspire anyone looking to invest in real estate.

Angel is more than just an expert in investing - she's also a firm believer in maintaining a positive mindset and balancing personal and professional life. Working with her husband, Jason, has its challenges, but they support each other to achieve success. During the interview, Angel emphasizes the importance of taking things one step at a time and not giving up, all while prioritizing family relationships. Her story proves that investing rocks, but it's crucial to stay grounded and maintain a balance.

Outline of the episode:

0:00 - Introduction to the Cash Flow Project podcast.

1:07 - Angel shares her background in real estate investing.

5:39 - The Texas real estate market and where Angel and her team are currently investing.

9:31 - Teaching in college versus teaching in other settings, and the modernization of learning.

15:13 - Angel and Jason talks about their partnership in real estate investing and the importance of building relationships.

20:42 - The power of persistence and the effect of making one more call.

24:57 - Impact of having a child with special needs and maintaining a positive mindset.

31:30 - Importance of showing up and being present to win in real estate investing.

35:49 - Finding your superpower and the importance of relationships in real estate investing.

41:40 - Advice for busy professionals looking to achieve financial freedom; how to connect with Angel and her company.

About Angel Williams:

Angel Williams is an experienced real estate investor, entrepreneur, and educator. She has invested in real estate for over 20 years, starting with her first rental property. Angel has knowledge and experience in various real estate investment types, such as single-family home rentals, residential multifamily rentals, multifamily syndication, and oil and gas investing. She graduated from Baylor University with a BBA and MS in Economics.

Connect with Angel Williams…

Website: http://theacademypresents.com/

LinkedIn: https://www.linkedin.com/in/angel-williams-re/

Podcast: https://podcasts.apple.com/us/podcast/the-academy-presents-podcast/id1528551735

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Mini Multifamily mastery with Ray Heimann

Wed, 10 May 2023 16:49:28 +0000

Welcome to the Cash Flow Project podcast, the go-to resource for investors seeking to generate income through multifamily real estate. In this episode, Steve sits down with Ray Heimann, as he shares his inspiring journey, from being an unskilled laborer for his parents' construction company to co-founding Terra Capital. With years of experience in deal structuring and portfolio management, Ray has successfully identified key factors in his home market to invest in. Tune in to hear valuable insights on investing in smaller multifamily properties and learn from Ray's extensive knowledge and experience.

Mini Multifamily Mastery with Ray Heimann

Ray Heimann shares his experience in private equity acquisition strategy, deal structuring, and portfolio management, and focuses on repositioning smaller multifamily assets across key Midwest markets. He emphasizes the importance of identifying healthy and stable markets with opportunities for upside, and of buying low, renovating smartly, managing everything internally, and portfolio arbitrage. He also recommends biographies as a helpful way to learn and improve oneself, and advises defining what you want with your financial freedom and exploring passive and potentially more profitable options if you do not want to work hard and be productive.

About Ray Heimann:

Ray Heimann is a real estate investor and co-founder of Terra Capital, an investment firm that focuses on turning small, outdated residential real estate assets into scaled, turnkey portfolios of modern-finish units across the US. He has over a decade of experience working for various investment firms, including JP Morgan, Booz & Company, and Sverica Capital, where he covered US REITs, advised on corporate transactions, and focused on deal sourcing in healthcare and real estate. Ray holds a B.A. in Mathematics and Philosophy from Columbia University. He is known for his focus on cutting out the noise around what's hot and honing in on strategies that repeatedly drive strong, risk-adjusted returns.

Outline of the episode: 

0:01 - Introduction to Ray Hyman, managing director for Tri City Equity Group and his background in real estate.

5:53 - The value of being a long-term employee and the difference between single-family home aggregators and multifamily properties.

11:44 - The underserved market for multi-family syndications, workforce housing, and opportunities in the Austin real estate space.

17:47 - Scaling up in real estate, closing 100 units at scale, and building relationships with contractors.

23:37 - Targeting specific markets in real estate and navigating competition and regulatory risk.

29:12 - Acquisition strategy, portfolio arbitrage, capital raising, and leveraging the capital markets.

34:19 - Filling the gap in the Indianapolis market, handling leverage, and building an investor base.

40:01 - Ray's superpower, biggest lesson learned, and advice for busy professionals working towards financial freedom.

45:19 - How to get in touch with Ray and his company, Terra Capital.

Connect with Ray Heimann…

Website: http://www.usaterra.com/

LinkedIn: https://www.linkedin.com/in/ray-heimann-6964ab88/

Company LinkedIn: https://www.linkedin.com/company/terracapfund/

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Short term rental stardom with Patryk Swietek

Wed, 03 May 2023 10:40:19 +0000

Get ready to learn from one of the brightest minds in real estate investing, as Steve sits down with Patryk Swietek, founder of STR Nation and successful real estate investor. From building his first tech company at just 14 years old to now managing 20 short-term rentals, Patryk shares his secrets to financial freedom for millennials and Gen Z through real estate investing. Join us as he discusses his background, team-building experience, and his journey to success in the industry after struggling in the corporate world.

Short term rental stardom with Patryk Swietek

Short term rental stardom is a reference to Patryk Swietek's success in managing and owning multiple short-term rental properties. He discussed his background and experiences in real estate investing. He also shared his insights on the importance of having the right systems and processes in place in order to succeed in real estate, as well as the importance of taking risks and not waiting for hot tips to get to the next level. Patryk's story of quitting his job and starting his own Airbnb rental business serves as an inspirational example for those who may think it's too late to start investing in real estate.

About Patryk Swietek:

Patryk Swietek is a young entrepreneur who founded his first tech company at the age of 14. He has been making strides in business and is a real estate investor who currently owns six short-term rentals and manages 20 others for investors in the Joshua Tree area of California. He is the founder of STR Nation, a company that educates other investors on how to become financially free through real estate investing. He has a background in tech and built several tech companies, but also had a stint in corporate jobs, which he found not to be his calling.

Outline of the episode:

0:00 - Introduction and Background of Patryk

8:34 - Fast-Tracking Success Through Failure and Real Estate Investing

16:04 - Choosing the Right Time to Buy Property and Navigating a Soft Market

21:30 - Hiring for Operations Manager Role and Importance of Having a Scalable Business

28:02 - Building a Real Estate Portfolio and Achieving Financial Freedom

32:24 - Traveling the World for Retirement and Replacing Current Expenses

35:06 - Chunking Down Goals and Finding Your Superpower

40:54 – Patryk’s Superpower and Advice for Busy Professionals

Connect with Patryk Swietek…

Website: https://linktr.ee/Pswietek

Instagram: https://www.instagram.com/patryk_swietek/

Facebook: https://www.facebook.com/PatrykTSwietek

LinkedIn: https://www.linkedin.com/in/patrykswietek/

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Engineering Financial Freedom with the Cashflow Cowboy, Justin Wawrzyniak

Wed, 19 Apr 2023 10:37:06 +0000

Welcome to The Cashflow Project, where we explore the world of real estate investing and interview successful investors. In this episode, Vince is joined by Justin Wawrzyniak, a former engineer who is now a cash-flow cowboy. Justin has achieved the impressive feat of amassing over $1 million in equity and $130,000 in wholesale profits in just two years. In this captivating episode, he discusses the challenges and lessons he learned, including his decision to purchase multifamily properties, find off-market deals, and negotiate with direct-to-seller sales. If you're interested in real estate investing or want to hear firsthand from someone who has achieved remarkable success quickly, you want to take advantage of this!

Engineering Financial Freedom with the Cashflow Cowboy

The "Engineering Financial Freedom" theme is relevant to Justin's story, and he used his skills and knowledge to build a successful real estate portfolio. He shares his experience and insights on transitioning from a corporate job to investing in real estate, taking calculated risks, and creating a passive income stream that can replace a W2 position. In addition, Justin emphasizes the importance of building relationships, automating and delegating tasks, and consistently following up with brokers to find good deals.

About Justin Wawrzyniak:

Justin Wawrzyniak is a real estate professional who used to work in corporate America but transitioned to real estate investing in 2020. He specializes in multifamily real estate investments and helps others on their real estate journey by sharing his experiences on social media platforms and podcasts. Justin also has a background in engineering and leverages technology to identify top multifamily investment opportunities in his market. He holds a professional Real Estate License in both Indiana and Michigan.

Outline of the episode:

2:50 – Transition from being a highly recruited engineer to a full-time real estate investor and cash flow cowboy at the age of 25.

9:14 – The importance of surrounding oneself with supportive people and breaking free from limiting beliefs.

14:35 – Advice for people who are considering making a career change or starting a business.

18:20 – The importance of coaching and masterminds in real estate investing.

23:41 – Personal experiences and the challenges of reaching their investment goals.

29:29 – How to distinguish oneself from others in the DTS model, how to build a DTS system, and how to automate it as much as possible.

33:50 – The importance of consistently following up with commercial real estate brokers in order to become top of mind for them.

37:59 – The benefits of direct-to-seller property deals and the importance of building relationships.

41:19 – The importance of building relationships in the market, sticking with a market for a long time, and finding mentors to learn from.

46:52 – Post-COVID project management and how it has been affected by labor shortages, inflation, and supply chain disruptions.

53:36 – Various tools and techniques that real estate investors should learn.

58:57 – The benefits of attending in-person events for busy professionals .

Connect with Justin Wawrzyniak…

Website: www.NoStressDTS.com

Instagram: https://www.instagram.com/cashflow_cowboy/

Facebook: https://www.facebook.com/justin.wawrzyniak

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Creating Legacy Wealth through Business Acquisitions with Jay Bourgana

Thu, 13 Apr 2023 09:42:15 +0000

Welcome to The Cashflow Project! In this episode, Vince sits down with Jay Bourgana, a business visionary who has turned struggling businesses into success stories over 25 years of experience in the US, China, and Europe. Jay shares his journey from working for a company to owning his own businesses and assets, where he learned valuable lessons in good management, accounting, and inventory control. He also discusses his current focus on acquiring struggling businesses to turn them around and help them grow for potential sale or long-term hold. Tune in as Jay and Vince explore the concept of bottlenecks in business operations, how to identify them, and how to speed them up to ensure smooth operations!

Creating Legacy Wealth through Business Acquisitions

Jay Organa is a visionary who has turned struggling businesses into success stories over 25 years of experience in the US, China, and Europe. He is a true entrepreneur who has increased his personal side from zero to 350 million in residential sales in just four years. Jay's first business was a small chain of convenience stores in Morocco. He quickly realized that he had the wrong people, no systems for managing inventory, no accounting systems, and no good management skills. Jay learned the lesson of trusting but verifying, having good accounting and inventory management systems, and sound processes to prevent losses. He believes you know much more from tough times than good times. Jay did not have a well-thought-out strategy for choosing an asset class, and he stumbled into the convenience store business by chance.

About Jay Bourgana:

Jay is an accomplished entrepreneur and expert in private equity investing for small and medium-sized businesses (SMBs), with over a decade of experience in banking, manufacturing, and management consulting across China and Europe. He founded Homearly Real Estate Group, which he transformed into a $350 million enterprise with 5000 successful transactions in just four years. In 2018, he sold the company to a leading southern California firm. Jay is dedicated to assisting fellow entrepreneurs in creating successful exit plans and investors in executing high ROI investments in SMBs. He is also an experienced real estate and business investor, always seeking new opportunities to add value to the community.

Outline of the episode:

0:00 Lessons Learned from Starting a Convenience Store

3:32 Managing a Million Square Foot Facility and Bankruptcy

8:32 The Journey of a Turnaround Guy: From Corporate to Entrepreneurship to Real Estate

15:31 Navigating Cultural Nuances and Deepening Business Relationships

22:57 The Joy of Business Acquisition and Transformation

27:25 Exploring the Next Opportunity in Real Estate

34:00 The current state of the market, recent collapses of SVB, Signature Bank, First Republic, and Credit Suisse.

39:47 Real estate investing and negotiation tactics during COVID-19 pandemic

45:11 The challenges and impacts of the pandemic on the real estate industry

52:01 Building Relationships for Business Success: The Power of Retention and Talent Acquisition

55:28 Advice from Jay on Achieving Success in Life and Business

Connect with Jay Bourgana…

LinkedIn: https://www.linkedin.com/in/jay-bourgana-519a7865/

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Mentoring others into financial success through Real Estate with CJ Calio

Wed, 05 Apr 2023 12:10:54 +0000

Welcome to The Cashflow Project! In this episode, Steve sits down with CJ Calio, a co-founder of WNN Properties and a full-time residential and commercial real estate investor. CJ shares his inspiring story of leaving his job as a UPS driver to become a successful real estate investor. He talks about his journey from residential to commercial properties, leveraging his portfolio using the strategy of the 1031, and the mental and emotional challenges he faced.

Mentoring others into financial success through Real Estate

CJ's emphasis on surrounding oneself with experienced real estate investors, seeking out mentors and advisors, and learning the lingo, speaks to the importance of mentorship in achieving financial success through real estate. Mentoring can provide guidance, knowledge, and support to those looking to enter or grow in the real estate industry. In addition, CJ's experience building relationships and doing business in the Midwest highlights the importance of authenticity and establishing rapport, which is essential in building trust and successful partnerships. Expanding one's comfort zone and networking with others allows opportunities to grow and learn, and verifying information ensures that decisions are made with accurate and reliable information. Mentoring and building relationships with experienced individuals in the real estate industry can be crucial to achieving financial success and growth in the field.

About CJ Calio:

CJ Calio is the co-founder of WNN Properties LLC and a full-time investor in residential and commercial real estate. CJ has raised millions to build a substantial residential and commercial portfolio and now helps others do the same. In less than five years, CJ and his wife were able to live their dream of being full-time investors while spending more time with their wonderful children. Let WNN Properties help you do the same.

Outline of the episode:

0:02 – CJ’s experiences and insights as a full-time investor in both residential and commercial real estate

1:12 - CJ’s transition from being a UPS driver to investing in real estate.

5:04 – CJ’s experience of starting a business and how he had to overcome challenges and make tough decisions.

11:17 - The transition from residential to commercial investing

14:57 - Experiences with residential and commercial real estate and how to expand comfort zones to be successful.

18:59 -The importance of identifying opportunities and taking action on them, even in challenging situations

23:17 - Building income streams to achieve financial independence

26:53 - How to invest with little to no money and scale a larger portfolio.

Connect with CJ Calio…

Website: https://wnnproperties.com/

LinkedIn: https://www.linkedin.com/in/cj-calio-621344113/

Facebook: https://www.facebook.com/wnnproperties

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Finding success and significance through flipping with Hector Martinez

Wed, 29 Mar 2023 16:00:15 +0000

CP 129: Finding success and significance through flipping with Hector Martinez

The journey of a property does not end when it's distressed, for some people, these properties are just starting their second lifetime. Take a look at the behind-the-scenes mindset of a Real Estate Investor who makes living doing just that.

In this episode of The Cash Flow Project Podcast, join Steve as he talks with Hector Martinez about his life experiences as a real estate investor with over 100 properties fixed and flipped. Take inspiration from Hector's journey from Mexico to Atlanta where he is currently leading an expert group of people who can turn around distressed properties while helping the homeowners and other allied professionals and businesses.

Hector Martinez

Hector Martinez is a Real Estate Investor with over 100+ properties fixed and flipped in the Atlanta Metro Area. His experience includes a background in banking, having worked for Wells Fargo before getting into real estate investments. His group's expertise in fixing and flipping distressed properties had helped hundreds of homeowners buy and sell properties. They take pride in the fact that with every home they buy and fix, the economic benefit includes other professionals and businesses like real estate agents, escrow officers, and local home improvement stores. He is also involved in short-term and long-term rentals.

Outline of the episode:

Intro

1:52 Hector's Journey: From Mexico to Atlanta

4:34 Learning about finance and Real Estate in Wells Fargo

10:51 Mindset change that needs to happen.

12:35 Mentorship: Importance and Process

15:35 God will bring you people you need in the right time.

16:53 Mindset and Self-Awareness.

20:11 The benefit of being open to criticism.

23:23 The perspective from the book, Your Next Five Moves

25:20 The lifestyle you want to live.

28:33 Remember why you started and starting with the end in mind

33:09 Making changes with the current market shifts

35:05 Focusing on profitable deals

40:54 Scaling down and The Pareto Principle.

42:11 Fire Round: Book recommendation

43:08 Fire Round: Your superpower

45:44 Fire Round: Biggest lesson thus far

47:22 Advice for the busy working professional

50:29 Outro

Connect with Hector Martinez:

Website: https://linktr.ee/hectormartinez.rei

Linkedin: https://www.linkedin.com/in/hectormartinez7

Instagram: https://www.instagram.com/hectormartinez.rei/

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Short term rentals and entrepreneurship w/James Martell and Dane Danbury

Wed, 22 Mar 2023 12:05:19 +0000

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Making short term rental life easier with HostGPO's Jeff Iloulian

Wed, 08 Mar 2023 11:00:14 +0000

Looking to save money on your short-term rental business? Look no further than Host GPO! In this episode, Join Steve as he sits down with CEO Jeff Iloulian to share how he founded HostGPO to help vacation rental operators save money on everything from linens to furniture. Plus, Jeff offers tips for new hosts setting up their properties. Tune in to learn more and discover the benefits of HostGPO. And remember to mark your calendar for the upcoming Hawaii Millionaire Mindset 2.0 conference happening on June 29 through July 1 at Mauna Lani resort in the Big Island!

Revolutionizing the Short-Term Rental Industry with Exclusive Deals and Unique Products

HostGPO is an international Group Purchasing Organization for the short-term rental industry, providing members with access to the best deals on furniture, supplies, and services from top retailers and vendors. The partnerships have been specially negotiated, resulting in better rates than standard trade discounts. HostGPO also offers unique products only available in large hotel chains. HostGPO was created by CEO Jeff Iloulian, who was motivated to solve his problem while operating a vacation rental company for seven years. The company aggregates similar companies and negotiates discounted bulk pricing from big brands. In addition, HostGPO offers pre-packaged items to make setting up new properties easier for hosts. Panic buying should be avoided to prevent hurting margins.

About Jeff Iloulian:

Jeff has been in the vacation rental industry for nearly a decade. He has set up, managed, and operated over 250+ vacation rental properties–from cozy cabins in the woods to luxury mansions in Beverly Hills. Additionally, Jeff has successfully grown several businesses and is passionate about interdisciplinary problem-solving in emerging industries. He firmly believes that the further you push outside your comfort zone, the more significant that area becomes. With a background in Economics and Philosophy from Columbia University and a JD from UCLA School of law, Jeff spent three years as a lawyer practicing Business Litigation, Intellectual Property, and Cybersecurity before becoming an entrepreneur. In his free time, Jeff enjoys playing music, eating tacos, and traveling.

Outline of the episode:

1:08 How HostGPO is Revolutionizing the Short Term Rental Industry

4:06 Saving Money on Furnishing Your Property with High-Quality Items

7:00 The Importance of Quality in Short-Term Rental Listings

12:22 How Investing in Quality Can Make a Big Impact

15:17 Why a Small Inventory Closet is Essential for Short Term Rentals

19:54 The Convenience of Using HostGPO

24:52 Navigating Business Success with an Open Mindset

28:48 Exploring the Benefits of Meditation

34:21 Streamlining Short-Term Rental Operations with Group Purchasing Organization (GPO)

Connect with Jeff Iloulian:

LinkedIn: https://www.linkedin.com/in/jeff-iloulian-bb0b6829/

Facebook: https://www.facebook.com/hostgpo/

To Log In, visit: https://members.hostgpo.com/accounts/login/

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Becoming a Land Shark with Brent Bowers!

Wed, 01 Mar 2023 11:00:14 +0000

Holistic Wealth with Terrie Schauer

Wed, 22 Feb 2023 11:00:10 +0000

Get ready for an insightful episode of The Cash Flow Project Podcast as Steve sits down with real estate investing expert Terrie Schauer, CEO & founder of MRG Management. With over 20 years of experience in real estate investing and property management, Schauer is a leading authority applying mindfulness principles to real estate investing. In this episode, the hosts discuss the ins and outs of real estate investing, particularly in multi-family properties, to increase cash flow. Schauer shares her journey into real estate investing and provides valuable insights on prioritizing and scaling investments, the importance of time and taking care of properties, and the need for lifestyle adjustments to achieve financial independence. Listen to Schauer's thoughts on achieving holistic wealth and balancing financial freedom with personal relationships and well-being. Take advantage of this episode of The Cash Flow Project Podcast!

About Terrie Schauer:

Terrie Schauer is a powerhouse in the real estate industry, with over 20 years of experience as a successful investor and property manager. As the CEO and founder of MRG Management, a property management and real estate consulting group based in Montreal, Canada, Terrie is a leading authority on applying mindfulness principles to real estate investing. She has written the #1 bestselling book on Mindful Landlord, available on Amazon. Terrie also hosts The Real Estate Investor's Club Podcast, a must-listen for fellow and aspiring investors who want to build their portfolios for profit and peace of mind. With a Ph.D. in Communications and a Master's degree from Oxford University, Terrie brings a unique perspective to real estate investing. And in addition to her impressive academic background, she is a three-time world champion in Brazilian Jiu-Jitsu.

Outline of the episode:

01 A Path to Increase Your Cash Flow

1:08 Residential to Multi-Res: A Real Estate Investor's Journey to Financial Freedom

4:33 Balancing Property Management and Personal Growth

8:13 Balancing Financial Independence and Personal Life as a Landlord

12:02 Setting Lifestyle Goals in Real Estate Investing

14:56 Advice for Real Estate Investors in a Shifting Market

17:16 Finding Deals in a Challenging Market with Immigrant Growth Driving Rental Demand

20:21 Finding Opportunity in Every Market Cycle

22:33 The Importance of Time and Lifestyle Hits in Real Estate Investing

25:10 Mindful Investing and Property Management

Connect with Terrie Schauer:

Website: https://terrieschauer.com/

LinkedIn: https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca

Facebook: https://www.facebook.com/TerrieSchauerInc/

YouTube: https://www.youtube.com/channel/UCDr1T9haN4CDWXdlwQjz1Dw

Instagram: https://www.instagram.com/terrieschauer/

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From zero to $100M in AUM in 3 years with Amy Sylvis

Sun, 19 Feb 2023 01:56:26 +0000

Tune in to the Cash Flow Project Podcast and get ready to take some notes! Join Vince as he chats with real estate investment expert Amy Sylvis, founder and principal of Sylvis Capital. With a $96 million portfolio of assets under management, including 750 apartment units and 55+ developments, Amy knows a thing or two about investing in real estate. In this episode, she shares her journey as a passive investor and offers tips on diversifying your portfolio to maximize returns. Find out how Amy and her team are staying active in the market, mitigating risk, and taking advantage of the on-shoring trend. Plus, she shares her superpower and offers advice for working professionals seeking financial freedom. Take advantage of this insightful conversation!

From zero to $100M in AUM in 3 years with Amy Sylvis

Amy Sylvis, the founder and principal of Silvis Capital, and her $96 million portfolio of commercial real estate properties in the southeast and Midwest of the United States. Amy shares her experience as a passive investor, the challenges of investing in real estate, and the importance of having a strong "why" to succeed as an entrepreneur. This episode also touches on investing in out-of-state properties and the importance of diversifying a portfolio to increase returns. Amy Capital's recent acquisitions of industrial flex space and a 55 and up community are also discussed, highlighting their strategy of diversifying their portfolio and mitigating risks.

About Amy Sylvis:

Amy Sylvis worked for 13 years in the pharmaceutical and biotech industries, but after reading "Rich Dad Poor Dad," she shifted her career to invest in multi-family real estate. She founded and is the principal of Silvis Capital, which provides affordable housing for working-class families and invests in apartment properties in various states. Amy aims to achieve the five freedoms through her investments, including financial and time freedom. She believes in providing safe and secure housing for residents and giving back to charities that help children in need. She lives in Los Angeles with her husband and enjoys college football, traveling, and volunteering.

Outline of the episode:

1:39 The Fastest Growth in Real Estate Investing

4:37 Choosing the Right Market and Treating Tenants Well

8:49 From LP to GP: Making the Jump and Lessons Learned

12:24 Diversification and Conservative Underwriting in Real Estate Investing

16:23 A Look at a 55+ Community and a Triple Net Lease Investment

19:25 Avoiding Mistakes and Growing in Commercial Real Estate Investment

22:33 An Entrepreneur's Journey to Financial Freedom and Giving Back.

26:32 Overcoming Personal Challenges to Achieve Financial Freedom

Resources:

Website: http://www.sylviscapital.com/

LinkedIn: https://www.linkedin.com/in/amysylvis/

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Turnkey riches with Alexander Cruz

Tue, 07 Feb 2023 11:00:13 +0000

From Assistant to Turnkey Tycoon: Alexander's Real Estate Journey! Join Steve and Alexander Cruz as Alexander shares his experience in the fast-paced world of real estate and how he transformed from an assistant to a turnkey solution provider with over 450 properties under management. Learn about the impact of COVID-19 and interest rates on the real estate market, the importance of building relationships, and Alexander's advice for working professionals seeking financial freedom. Get insights on the Baltimore, Maryland real estate market and discover Alexander's goals for 2023. Take advantage of this opportunity to grow your real estate knowledge!

About Alexander Cruz:

Alexander (Xander) Cruz is a full-time real estate investor and Turnkey Director for CR of Maryland: a real estate investment company that has grown into one of the largest home renovation companies in the Northeast. With over 2,000 transactions under their belts, CR of Maryland has developed a network of resources and relationships that they use to buy homes inexpensively. They have 350 single-family properties in Baltimore owned and under management, will rehab and sell more than 140 turnkeys in 2020, have done over 400 flips and 400 wholesales in Baltimore. Xander worked from the onset with Craig Reich and Brock Reich in developing CR of Maryland into one of the premier residential Real Estate Companies in Baltimore. Today he is the Turnkey Director, working closely with other Department Managers and directly with clients. Xander and his team ensure that successful relationships are built, top-notch service and high-quality product is delivered, and excellent Property Management is the standard.

Outline of the episode:

0:01Introduction to today’s episode.

1:03 From a Criminology Degree to Running a Thriving Turnkey Solution

6:13 Building Reliable Turnkey Rentals in Baltimore

9:09 How the Shift in Interest Rates and COVID Impacted Turnkey Real Estate Investing

12:55 Riding the Real Estate Market Wave

16:54 The Importance of Diversification and Building Relationships

20:58 A Recommended Book for Investors and Entrepreneurs

24:39 The Importance of Taking Action in Real Estate

28:30 Connect with Like-Minded Investors & Learn from the Pros

Resources:

LinkedIn: https://www.linkedin.com/in/alexander-cruz-0669a653/

Instagram: https://www.instagram.com/crofmarylandhomes/

Website: https://crofmaryland.com/

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Diving in to Real Estate success with the Thompsons

Tue, 31 Jan 2023 11:46:19 +0000

In this episode, Steve is joined by Blake and Jessica Thompson, discussing the real estate journey from rentals to achieving financial freedom. Blake and Jessica shared that as soon as they got married, they knew they had to build their rental portfolio, and it helped that their family was supportive of this decision. When the first rent cheque came in, they started listening to podcasts, reading books, and attending webinars to enhance their skills in real estate investing. They then began with a goal of doubling what they have every year to be financially free eventually. There were challenges, but as they continued their journey, they ultimately met a mentor who helped them achieve more success and started flipping and scaling their real estate business. To learn more about their successful journey, tune in to this episode, and enjoy!

Outline of the episode:

· [00:01] Intro

· [01:32] How they met and got into real estate.

· [06:20] Moving from San Francisco to Idaho.

· [10:18] The steps that knocked out the projects

· [13:42] Bikepacking vs. Real Estate.

· [16:57] Challenges for investors in the current market.

· [21:19] Mindset is a huge thing

· [24:29] Networking groups

· [28:39] Fire round

About The Thompsons

Blake and Jessica Thompson met in the suburbs of San Francisco in their young twenties. With both coming from a construction background, they quickly realized their shared passion in all things real estate and began building a life together in 2018. It didn't take long before they started dreaming of starting a family.

In 2020 they moved to Idaho in pursuit of their ideal family environment, where they now aim to help others in tough real estate situations. They aim to create win-win situations while at the same time improving the neighborhoods in which they live. Blake and Jessica love giving back and often look to the community for inspiration.

Resources:

· Hawaii Millionaires Mindset Blueprint

· SPEARPOINT GROUP

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Funding and Earning Passively with Heather Dreves

Tue, 24 Jan 2023 15:44:21 +0000

Are you looking to use real estate as an asset to diversify your investment portfolio but need more time or more funds to get started? In this episode, Steve is joined by Heather Dreves, Director of Funding and Fund Manager at Secured Investment Corp., and they discuss passive investing backed by residential real estate. Heather shares how their company gives investors the ability to passively invest and create generational wealth through real estate and live off of their earnings without touching their investments outside the traditional stock market and the usual real estate grind. She also discusses how they manage the funding through different income streams, interest on debts, origination points, profit from sales of properties, and cash flow from rents. Therefore, if one also wants to join the real estate grind, one can provide funding at a minimum interest rate. If you want to learn more about investing passively or looking for funding, tune in to this episode and enjoy!

Outline of the episode:

· [01:04] Heather’s investing journey

· [06:55] COVID and its impact on the business

· [10:09] The kind of assets she invests in

· [13:28] Managing portfolio, buying and selling properties

· [17:34] What is going on in the real estate market?

· [19:12] Vertical integration is key

· [24:04] Deals and how it works

· [25:49] What’s the ceiling on the assets they are looking for?

· [26:50] Fire round

· [30:28] Her advice to working professionals working toward financial freedom

About Heather Dreves

She started with Secured Investment Corp in 2012 as an Investor Relations Manager. She immediately realized that she could bring great value and strength to the Fund Management Team and has been serving as the Director of Funding and a Fund Manager ever since. She has been in the private money space for the past 17+ years and previously held her Series 63 License. She personally raised over $300 million in her time with Secured Investment Corp.

Since joining the leadership team, the company has experienced exponential growth. Heather is instrumental in developing relationships with investors and guiding them through private money lending. She holds a seat as a Fund Manager and has led key growth areas, even while the economy continues to experience challenges in specific market segments. Together with other members of the Fund Management Team, she continues to focus on growth and serving clients with the highest level of excellence. Her analytical and creative skills have also been vital to continued record growth.

A mother of two sons and an avid outdoor person spending most summer weekends at their lake cabin in Northern Idaho. An avid CrossFit athlete and college soccer player, where she met her husband of 26 years. Her passion is to help clients create wealth and passive cash flow by investing in alternative asset classes.

Resources:

· Secured Investment Corp

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Cooking up the best dishes and hottest real estate deals with Chef Joey Chavez!

Tue, 17 Jan 2023 12:27:48 +0000

Join Steve and Chef Joey Chavez as they talk about cooking, real estate, and creative vision. Even while playing football, Joey Chavez knows that he wants to be a chef. To be great at dishes, he knows he needs to be surrounded by the best and maintain it. While on the road to being a great chef, the pandemic happened, which shifted his routine of working more than eight hours daily to nothing. With nothing to do, he spent more time with his family, leading him to appreciate time freedom. As a result, he began spending his time discovering and learning how to live a lifestyle of freedom both in time and in finances. A discovery that led him to real estate investment. Combining his expertise in the cooking department and his skills in real estate investing, he set up and will be setting up unique real estate offerings that are bound to be a hot deal. If you want to learn more about what Chef Joey is cooking in the real estate arena, tune in to this episode, and enjoy!

Outline of the episode:

· [00:01] Intro

· [00:50] How he got started as a chef

· [05:11] Growing a family, real estate, and the pandemic

· [10:15] Pivoting into a high-rate environment

· [11:37] Building things together with your spouse

· [13:50] The key difference between an assumption and a sub-2 deal.

· [17:44] Off-market deals vs. market deals

· [22:34] What’s your Buy box?

· [24:32] New projects and diversifying strategies

· [28:13] The power of partnerships

· [31:14] An event place and other different facets of the real estate market

· [35:45] Finding deals and networking

[37:15] Fire round

About Chef Joey Chavez

Chavez, a Los Angeles native, attended Lamar University in Beaumont on a football scholarship. While earning his bachelor’s and culinary degrees there, he worked at a local Pappadeaux’s restaurant. That introduction to the restaurant world led to a job at Koi Sushi Bar in Beaumont, followed by La Truffe Sauvage, a French restaurant in Lake Charles. Chavez’s mentors at La Truffe Sauvage encouraged him to seek employment with an international hotel chain which led to a job at Wolfgang Puck’s Spago at the Ritz Carlton in Beaver Creek, Colo., in 2012. Chavez later staged in New York restaurants, including Le Bernardin, Per Se, 11 Madison Park, NoMad, Dovetail, and Masa. That work helped him snag a year-long training program with the Thomas Keller Restaurant Group in 2015; he worked at both The French Laundry and Bouchon. In 2016, Chavez was named chef de cuisine at the Vietnamese bistro OTD from the Slanted Door Group in San Francisco. He later worked at Caribou Club in Aspen and as executive chef at The Bygone at the Four Seasons Baltimore, where in 2019 he was voted Best New Chef from the Baltimore Sun’s Reader’s Choice Awards, and as an executive chef at Brennan’s of Houston.

Resources:

· Chef Joey Chavez

· Hidden Truffle

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Building Wealth through New Construction Multifamily with Dirk Van der Velde

Tue, 10 Jan 2023 11:00:24 +0000

Join Steve and Dirk as they provide great insight into the complexities of multifamily construction and the importance of understanding the risks and rewards that come with it. Whether you're a beginner or a seasoned real estate investor, this episode of Building Wealth through New Construction Multifamily is sure to provide valuable information. There's a lot to unpack, so tune in to learn more and get the guidance you need to succeed in your investing journey!

Navigating the Real Estate Market in Times of Recession

Dirk van der Velde is a real estate investor who focuses on granite construction and currently has over 110 units under construction. He started his journey in real estate investing when he had his first son and decided to start his own business. He put out the feelers to find an off-market deal, resulting in a 3.5-acre piece of land to build 84 units. He had to account for the changing market and supply chain issues but was lucky enough to save money on the lumber package due to the decrease in prices. He leveraged the upcoming recession to get high prices from his subs and is now on track to hit his budget and project timeline.

In this episode, Dirk discusses the current state of the economy and the impact that it is having on real estate development and investment. He notes that recessionary fears have caused people to fear making investments, but the macroeconomic picture is actually quite good. He also mentions how they were able to lock in a long-term loan at a lower rate due to their relationship with a local bank and how they have hedged against the potential for rising interest rates by underwriting the project conservatively. Finally, he discusses how the US is becoming a nation of renters and how investments in multifamily housing are a great way to reduce risk and build wealth over the long term.

About Dirk van der Velde:

Dirk van der Velde, Founder of Momentasize Construction, has grown up in the Construction and Development industry. He has extensive experience in overseeing both vertical construction and residential infrastructure projects. In addition, Dirk has been involved in constructing and developing two of the most iconic master-planned communities in Oregon. He is obsessed with taking an idea, making it financially feasible, and bringing it to life through the built environment.

Outline of the episode:

0:00 Introduction to today’s show.

1:34 From Struggling Employee to Successful Entrepreneur

4:22 The Real Estate Journey

9:16 Leveraging Economies of Scale to Mitigate Risk in Real Estate Development

12:43 Navigating Uncertainty

17:38 How Multifamily Provides a Need for the Market

20:17 How to Build Generational Wealth with Commercial Real Estate

22:19 What Opportunities Will Emerge from the Economic Pain?

28:17 Think and Grow Rich by Napoleon Hill

30:53 The Working Professional's Guide to Achieving Financial Freedom

Resources:

Website: https://www.youtube.com/@momentasizeconstruction525

LinkedIn: https://www.linkedin.com/in/dirk-van-der-velde-5a12411a6/

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Achieving Massive success by saying, "YES!" with Dr. Elaine Stageberg

Tue, 27 Dec 2022 11:00:16 +0000

Join Steve and Elaine Stageberg, CEO of Black Swan Real Estate, as she shares her story of morphing from opposition to taking action and gaining massive success. Elaine shares her reluctance to the idea of having her home rented out, believing that doing real estate investing is a risky decision. But that one bold yes of trying it for a year turned out to be a success as they were getting cash flow from the property when she left her job to pursue medicine. From there, they invested purposefully, saved up all the money they could, and did a cash-out refinance; fast forward to today, having a $330 million asset management. She shares that the secret to success is stellar communication, finding mentors, and a yes lifestyle. If you want to learn more about how Dr. Elaine scaled their business, tune in to this episode and enjoy!

Outline of the episode:

· [00:01] Intro

· [01:29] How she got started in real estate

· [05:16] How they’ve been able to do so much in such a short time.

· [07:48] Vertical integration

· [11:37] Building things together with your spouse

· [16:58] The importance of having a shared goal.

· [22:02] Don’t try to time the market

· [25:31] The importance of having a long-term view of the future.

· [30:12] How to harvest equity over and over with cash-out refinance

· [35:18] Finding win-win opportunities

· [39:05] Fire round

About Elaine Stageberg

One of entrepreneurship's premier presenter, investment leader, and real estate expert, Dr Elaine Stageberg is a psychiatrist, mother of four, and mentor to physicians from all walks of life.

Elaine’s own journey to financial and lifestyle freedom has been nourished by an unwavering passion for empowering families. She believes that real estate investing can—and should—create good for not only investors, but also for the communities of people who live in these investment properties.

Elaine’s gift for seeing infinite opportunities for win-win scenarios has blazed a trail for innovation in property management, private equity funds, and ethical real estate development.

Today, she works with working professionals in a growth mindset to guide them through the complex knowledge domain of real estate investing and inspire them to embrace the practicality and mindset needed to take action. Elaine shows her audiences how to turn paychecks into prosperity so that they can live a full life and launch their legacy.

Dr Elaine Stageberg is co-CEO with her husband Nick at Black Swan Living, actively managing more than $200M in long-term residential real estate, ranging from single family homes to large multifamily communities, and Black Swan Real Estate, which recently launched Fund I, raising over $14M in a single day. Her flagship course Single Family at Scale* shows you how to build a portfolio, and shares best practices and lessons learned in personally growing $45mil+ in ten years. 100% of the pay-what-you-can model supports charitable causes through The Stageberg Foundation.

Resources:

· Elaine Stageberg

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The value of insurance for the savvy investor with Calvin Roberts

Tue, 20 Dec 2022 10:19:09 +0000

In this episode, Steve is joined by Calvin Roberts in a discussion about insurance and its value to real estate investing, specifically in multifamily space. Calvin shares that you need someone who you can trust and who has been doing sufficient volume within the multifamily area, where they are intimately aware of market happenings and keep their ear to the ground whenever there’s a change in the commercial property insurance marketplace. He also illustrated possible scenarios resulting in a bad claim and recommended appropriate insurance to avoid such. To know Calvin’s recommendations, tune in and enjoy!

Outline of the episode:

· [00:01] Intro

· [01:23] Calvin’s beginnings in the world of insurance

· [09:49] What is Calvin seeing in the insurance space now?

· [19:17] How does insurance play a role in multifamily investments?

· [24:48] How important is it for investors to have an insurance broker that understands real estate?

· [30:11] Fire round

· [41:08] Calvin’s advice for those interested in getting in touch with him.

About Calvin Roberts

He offers a special focus & custom-designed programs for Real Estate Investors of all scales, High Net Worth Individuals (Private Client Programs featuring 24/7 concierge-level service), and growing ($2M+ revenue) companies.

His mission is to offer comprehensive insurance & risk management services beyond other agencies, providing risk-mitigation strategies and case-specific guidance that will help to prevent future losses & reduce premiums.

Resources:

· Calvin Roberts

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Making Millionaires in the mountains - Short term rentals w/ Leslie Anne Morris

Tue, 13 Dec 2022 11:00:11 +0000

In this episode, Steve is joined by Leslie Anne Morris in a discussion about passive investment opportunities in Smoky Mountain. Leslie Anne shares that although she worked in commercial banking with big names and awesome stuff, she was not truly fulfilled on the wealth-building side. Nagging in her mind is the idea of investing in real estate. What has been thought to be a hobby or some retirement income source scaled up quickly to a seven million portfolio resulting in her resigning from her job. Today, despite the constant guest-friendly changes Airbnb is making, she takes it on, knowing they are things that the host should be doing anyway. She is also on a mission to increase the number of women in real estate investing so they can also get wealthy on their own by creating awareness about it and then coaching and mentoring. If you want to know more about the strategies Leslie Anne utilized, tune in and enjoy!

Outline of the episode:

[00:01] Intro

[02:02] How Leslie got started in real estate and how it changed his life

[06:49] How she got into the short-term rental

[12:38] What are the biggest challenges for investors in today’s environment?

[15:48] What are some of the challenges that are affecting the market?

[19:05] Underwriting rates

[25:36] What’s your goal for empowering other women investors?

[29:35] What’s the biggest lesson you’ve learned?

[34:44] How to get in touch with Lesley.

About Leslie Anne Morris

Leslie Anne Morris is an energetic investor and entrepreneur located in Tennessee. Originally from a small town in northern California, Leslie earned her Executive Master’s in Business Administration from the University of Southern California in 2021. Leslie began to build an impressive real estate portfolio in 2019 after spending 20 years in the financial services industry.

After scaling her portfolio, Leslie created Josh’s Cabins which has its own real estate holdings and offers property management. Leslie loves working with investors seeking passive investment opportunities in the Smoky Mountains. So whether you need a consultant, real estate agent, or property manager – Leslie can help you!

Resources:

●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

· Leslie Anne Morris

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Helping People Realize Their Franchise Dreams with Jim Runyon

Wed, 30 Nov 2022 11:22:48 +0000

Join your host, Dearonne, and guest, Jim Runyon, Consultant at FranChoice, a Franchise Consulting Company, as they discuss the ABCs of franchising. Jim helps people who diversify their investment through franchising identify companies that would be a good fit for them and avoid the pitfalls he experienced. Jim shares that the biggest myth and problem people run into is the thought, "if we build it, people will come." The reality is franchising is a platform, an opportunity to be successful. But the best platform given to the worst business people won't be able to do anything with it likewise. But, people who work hard, even with the best platform, can outwork the platform. Just like any business, this takes work. It needs hard work. If you want to learn more about franchising, tune in to this episode and enjoy!

About FranChoice

FranChoice has been in business since 2000. They were one of the first companies to create a free consulting process for prospective franchisees. Today they are considered the premier franchise consulting company in this industry.

Jeff's philosophy when he created FranChoice was that the candidate's goals for business ownership are paramount. The candidate and their best interest must be the focus at all times, which remains true today. The sexiness of the product or service sold by the franchise might be the initial draw for a prospective franchisee, but who will help them determine whether owning that particular business will help them reach their goals and achieve their dreams?

Their focus on doing the right thing and following a process that has the candidate's best interest in mind permeates their organization, from the home office team to the consultants who work with the candidates.

Outline of the episode:

[00:01] Intro
[01:49] Jim's background in franchising.
[05:02] The mistakes he made
[07:04] What's an exemplary process for a consultation?
[09:14] What is the process for finding a new franchise?
[12:56] Assumptions in franchising
[20:17] Should you buy an existing business or start your own business?
[23:47] Make sure you know what's coming down the pipe when you buy a franchise.
[28:19] What's happening in Hawaii's real estate industry?
[30:33] How he got into real estate and franchising.
[38:48] Book recommendation

Resources:

●   Website

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Lending and learning with Huber Bongolan

Tue, 22 Nov 2022 11:54:23 +0000

Join Steve and Huber Bongolan, Director of Capital Markets at StackSource, as they discuss loan strategies, current market trends, and continuous learning. Huber shares that his parents have talked about passive income and using real estate residential homes to accomplish it since he was young. So he joined a residential finance brokerage to teach him everything it took to buy a house so that he could start buying these properties as passive income for himself. After accomplishing this, he ventured into commercial real estate and learned about cap rates through a Master’s degree. Next, he got a role at a commercial real estate finance firm that specializes in capital markets brokerage. He then transitioned to a startup called StackSource, where they introduce technology to financing your commercial real estate deal. There is more to unpack in this episode, so make sure to get your notes ready!

About StackSource

StackSource is the best way to obtain a commercial real estate loan (commercial mortgage). StackSource connects borrowers and lenders seeking all commercial loan types, including bridge loans and permanent. With a growing network of hundreds of lending relationships, StackSource gives borrowers access to the full range of available loan programs and finds the best match. Learn more about StackSource Loan Programs or start your Loan Request to find the right loan. Loan size $500,000 and up.

Outline of the episode:

[00:01] Intro
[01:08] Huber’s impressive resume
[05:54] What are the significant challenges he sees now for investors?
[07:48] Current Challenges for investors
[10:15] Opportunities with people that have maturity dates on their loans
[14:12] Capital Market Division
[17:41] Moving to more value add strategies
[23:08] Follow the money, follow the jobs
[25:41] Why are people reluctant to invest outside their backyard?
[30:33] What is next for StackSource?
[32:41] Fire round

Resources:

●   Website

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Impact Investing with Coffee - Josh Ziegelbaum

Sat, 19 Nov 2022 02:16:50 +0000

Impact investing is an investment that produces a high social and environmental impact that lifts communities where the business is located and provides value to stakeholders. Value provision happens when an investment provides fair and formal employment in a fragmented, inherently informal market.

One example of impact investing is the Green Coffee company, the number one largest coffee producer in Columbia was initially thought of as alternative cash-flowing real estate that involves acquiring land holdings that produce cash flow through agriculture and spit off cash flow to investors, Josh and the Legacy Group started to think bigger and emphasized on the magnitude of the impact of an investment. It is now the number one largest coffee producer in Colombia. Their goal is to make it the largest Arabic producer globally in the next few years.

Outline of the episode:

[00:01] Intro
[00:51] What is an alternative investment, and why is it becoming more popular?
[03:18] Green Coffee Company
[05:34] What does the investor side look like?
[07:38] Hockey stick return profile
[10:27] Impact Investing and its importance
[12:29] What is the role of the Director of Investor Relations?
[13:29] His advice for attracting new investors or retaining current once
[16:18] How does the investor relations teamwork?
[18:42] Fire round

Resources:

●   Website

●  LinkedIn

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Outsourcing your way to Success with Max Fisch

Tue, 01 Nov 2022 11:00:08 +0000

Welcome to The Cashflow Project! Today, we bring you Max Fisch, Real Estate Project Solutions' founder. When Max started scaling his business, he realized that business operations involve various aspects, and each element is already a full-time job. This realization led him to develop a team and systematized things. As a result, he used his time for the things that would generate the highest return and outsourced the rest.

Max shares that hiring, training, and managing can address the common employee dilemma. The human resource department plays a significant role in this solution. He also talked about the best tools to monitor remote work and ensure that virtual assistants are doing what they are supposed to be doing. So if you are still trying to do everything yourself, tune in to learn more about outsourcing!

Outline of the episode:

· [01:19] A leap toward real estate

· [03:48] How did he scale his business

· [06:31] Utilizing his time for the highest revenue-generating activities

· [08:54] Overcoming the common pitfalls with virtual assistants

· [13:58] How do you encourage people to use a system like Asana

· [20:34] Biggest mistake he’s made in his career

· [31:12] What you can do while waiting for the market to settle

· [35:47] Advice to the busy working professional working towards financial freedom

Resources:

● Website

● Instagram

● Facebook

● LinkedIn

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Hitting 7-Figures with the Finance Cowboy - JD Sustar

Tue, 25 Oct 2022 11:00:17 +0000

If you think that hitting 7-figures in a short period is impossible, think again! Join your host, Vince, and guest, JD Sustar, aka Finance Cowboy, in this episode of The Cashflow Project as they discuss ways to achieve that million-dollar goal.

Coming from the athletic world, JD Sustar realized that most people are satisfied with just doing what they need to do. So if you go the extra mile, put in the work, be prepared, and be disciplined, you will dominate in whatever field you choose. This formula will take you to hit seven figures in no time. Having real estate as his niche, JD shares how to build a good foundation and tips on buying and holding both short-term and long-term rentals. He believes in delaying gratification, conquering limiting beliefs, and jumping right in to build wealth and achieve financial freedom. So stay tuned!

Outline of the episode:

· [01:04] The Million by 30 Coach

· [02:41] Financial advice or real estate

· [04:01] Why real estate

· [05:59] Conquering limiting beliefs

· [08:36] His first real estate deal

· [11:00] The obstacles he faced

· [14:51] What a foundation looks like for a multifaceted portfolio

· [18:45] Get in wherever you can get in

· [20:19] “Pay now, play later.”

· [21: 20] Fire round

Resources:

● Website

● Instagram

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Merging Passions and Lifestyle with Luxury STR's - Stephen Petasky

Tue, 18 Oct 2022 11:00:14 +0000

Success can be in any form, depending on one's perception. But everybody would agree that earning while doing what you love is a prosperous lifestyle. Join your host, Vince, and guest, Stephen Petasky, in this episode of The Cashflow Project as they discuss merging passions and lifestyle with Luxury STRs.

Stephen has been an entrepreneur his whole life. Like any entrepreneur that is great at seeing the vision for solutions, he is always looking for remedies to problems that he sees - especially for the things he is attracted to. One of his passions is traveling. He loves seeing different parts of the world. In his travels, he would see problems in the vacation rental or hotel he stays at and always suggest things to improve the customer's experience. This love for travel and his desire to make holiday experiences of people memorable led to the founding of The Luxus Group, which started as a luxury real estate private equity group specializing in the acquisition, building, and management of recreational properties around the world to create extraordinary holiday experiences to travelers like him.

Outline of the episode:

· [00:57] How Stephen got into real estate and how he started Luxus

· [05:05] His business situation during the 2008 recession

· [08:02] Is he seeing the same uncertainty in 2008 with the present conditions

· [11:40] The most significant challenge they have faced over the past eight to ten years

· [17:56] What to do when you reach 500 units

· [21:59] What does Stephen thinks about realtors?

· [27:33] Community and its readiness for innovation

· [32:37] Vacation rentals as a portion of his portfolio

· [40:07] Stephen's why for all of these

· [46:09] The most significant lesson he learned in his career

Resources:

● Website

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

The Shred Method with Adam Carroll

Tue, 11 Oct 2022 11:00:07 +0000

Join Duc Ong and Adam Carroll as they dive in and talk about achieving financial, time, relationship, and service freedom through a debt-free life. Adam shares that through the Shred Method, anyone can be out of debt entirely within three to five years. He is sharing his strategy with the world to help people free themselves to be themselves. Adam has published four books, produced a documentary on student loan debt as a TED talk with over 5 million views, and helped people achieve true financial freedom in their lives.

The Shred Method

Adam Carroll founded the Shred Method, a financial course and software, to help people create income efficiency and blast away their debt in record time, typically within three to five years. It is a simple, smart, and secure platform that will guide you through financial freedom by following the plan outlined for each user.

Outline of the episode:

· [00:00] Meet Adam Carroll

· [01:04] The possibility of being debt free

· [02:01] The Shred Method

· [03:53] How he paid off his house

· [06:21] Achieving financial freedom in light of persistent inflation

· [08:19] Mindset shift

· [10:43] Infinite banking and strategies used

· [14:03] Whole-life policies

· [17:39] The strategy he used to teach his kids about money

· [21:57] Giving kids autonomy and being careful about the language and logic used

· [24:45] The role of the environment

· [26:24] His superpower

· [27:33] The biggest lesson he learned

· [28:48] His advice to busy working professional

Resources:

● Website

● LinkedIn

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Put Your Income on Autopilot and Move Overseas with Becca Hint

Thu, 11 Aug 2022 13:04:35 +0000

Join Steve with his guest Becca Hint as they talk about being able to live in a tropical paradise through passive income. After spending a career working for a fortune 500 company focused on medical device and biotech sales, she realized that it wasn't necessarily the path to financial freedom. Disappointed with the Zoom classes and the things that happened in the pandemic, she and her husband decided to transition from living in the busy city with high cost of living to a tropical paradise that improved their overall wellness all while receiving passive income through multifamily investment.

Outline of the episode: 

●    [01:39] The great resignation and their journey to the Tropics

●    [02:31] The Blue Zones of the World

●    [03:37] Ditching the high cost city life living and live off of that

●    [05:45] House hacking her first apartment building in San Francisco

●    [11:11] GP Model

●    [14:43] Teaching her family and friends on the investments she personally have invested

●    [16:32] Tax strategy

●    [22:34] the How and the Why

●    [25:21] Hotel-to-Multifamily Conversion

●    [30:50] The Book that speaks volume to her life

Resources:

●   Website

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●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Defend your Wealth with Barry Rutten

Thu, 07 Jul 2022 01:07:42 +0000

Saving and investing money in banks is the common way of managing resources. But will this method be enough to build your wealth? Join Vince with his guest Barry Rutten as they navigate about breaking out from conventional wisdom which will only lead to conventional result. Barry shares about how one can defend and build wealth like how banks and other money-making institutions do with the money one puts in. He also narrates the relevance of education and the kind of people you need to build and defend your wealth.

Outline of the episode: 

●    [01:24] Barry Rutten on being a contrarian in the financial industry

● [03:05] Examples of conventional wisdom

● [08:21] Hidden dangers from getting advice from financial entertainers

● [14:24] Improving infinite banking type policies to be an avenue to wealth building

● [19:15] Financial Planner vs. transactional salesperson

● [24:33] Barry Rutten on being a conversational facilitator

● [27:16] An alternative way to financing a child’s college education

● [31:10] Avoiding financial fragmentation

● [38:37] Investing in midstream businesses

●    [45:55] Barry Rutten’s advice to his twenty-five-year-old self

Resources:

●   Website

● LinkedIn

● Facebook

Connect with The Cashflow Project!

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Cut the BS Cashflow with Fabian Baez

Wed, 01 Jun 2022 11:47:08 +0000

Join Steve with his guest Fabian Baez as he talks about how his ownership piece helped him penetrate the multifamily space. Fabian recalls a story wherein he, a client, and an accident was involved. As he looks back, Fabian shares how this experience planted in him the craving for a career where he was in control of the outcome. In this episode, Fabian shares how he bounced back from a recession back in 2010, how he got into the residential real estate market, and a free eBook where he imparts his knowledge with case studies to help brand new investors get into multifamily.

Outline of the episode: 

●    [01:06] Fabian Baez on getting downsized

● [03:45] Fabian Baez's first multifamily property in New Jersey

● [06:16] How do you make it work in an expensive market?

● [09:11] Taking the leap and building around relationships

● [13:46] In real estate, everyone steps out of their lane

● [15:01] I need to do something where I'm more in control of the outcome

● [19:00] Multifamily will work for you if you're willing to put in the work

● [21:16] The multifamily conference to watch out for this coming June

● [24:05] Fabian's biggest career lesson

●    [30:00] Fabian Baez's admirable take on ownership

Resources:

●   Website

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Connect with The Cashflow Project!

●    Website

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● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Working with institutional capital on Multifamily

Fri, 20 May 2022 10:00:22 +0000

Join Duc Ong (The Cashflow Project) and Ryan Webster as they chat about working with institutional capital on Multifamily. Ryan is an award-winning home builder, experienced real estate professional, and entrepreneur. Over a decade of experience owning and operating a Midwest based construction, and development company. Wide range of project experience managing new construction, and value add multifamily projects.

Learn how Duc Ong started his podcast! – Listen to the episode now on The Cashflow Project!

Equity Yield’s first deal using Institutional Capital

Ryan Webster and his team acquired their first deal back in March of 2021. It’s 148 units – 2016 built, a multifamily community in Sarasota, Florida. This particular property – newer built: Interiors looked 20 years older than they were. A lot of people don't realize developers are building in project cost. The finishes are getting done last as you have cost overruns.

Equity Yield worked with Franco Electra Capital- they are a partner of American landmark.

Advantages of working with an institutional capital is they can come in and write a pretty sizable check but there's a pretty heavy due diligence process on the sponsor and the operations team, the deal and the business plan.

As part of getting certainty of closing with that money - you got to have a very good business plan and be able to communicate to their equity committee and work through their approval process.

As part of getting certainty of closing with that money - you got to have a very good business plan and be able to communicate to their equity committee – Ryan Webster. Catch him on this episode from The Cashflow Project!

How did Ryan Webster get hooked up with Franco Electra Capital

Ryan and his team has a capital markets brokers that they worked with. They are big with fundamentals; they look for markets with higher population growth and inbound net migration. They look for denser markets. They also look for diverse employment market, stable economies, growing wages and favorable income rent ratios.

Equity Yield makes sure that the income or the jobs supports the cost of rent. Net absorption and new deliveries- they want to be in an area that is supply constrained.

How has Covid affected the Equity Yield's operations?

Ryan hasn't really seen any effect in their operations, its more been a proof of concept and investment thesis. They look for a very late model product that is very well located.

Deals in low capitated market: numbers game. Persistence. Equity Yield underrates a lot of deals, a lot of offers in, buyers’ interview. It's really about getting out there and come in as second place and then waking up the next day and doing it again.

A while back, we would ask people for coffee to pick their brain…. Nowadays, we could just invite them to our podcast. Catch the interview with Ryan Webster on The Cashflow Project!

Outline of the Episode:

[01:29] We acquired our first deal back in March 2021 it’s 148 units 2016 built multifamily-unit community in Sarasota Florida.
[02:48] We worked with the Fern Call Electra Capital partner with American landmark.
[03:58] We look for markets with higher population growth and inbound immigration.
[09:19] We continue to look for more asset this year. It is nice with you another couple hundred million for 2022

Resources:

Ryan Webster - www.equityyieldgroup.com

How to turn 32 cents into $75M with Javier Hinojo

Tue, 03 May 2022 10:00:07 +0000

Join Vince Gethings, as he chats with Javier Hinojo about how he was able to turn around a bleak point in his life where he only had 32 cents in his bank account and built $75M assets from there. Javier also shares about what the Rich Dad Poor Dad seminar helped him with and how it led to him getting into the business of flipping. Javier shared how he thought he is an entrepreneur from a young age and started his own company after military service. In this episode he mostly shares about the nuances of investing and doing flipping and now, wholesaling, and the psyche he had during the transition. He also shares a lot about the plans he had for his and his company’s future. So many insights to gather in this episode so be sure to stay tuned!

About Javier Hinojo:

Married for 23 years, has 5 kids, been self-employed for most of his life. He lives in Raleigh NC. He is the host of “The Naked Truth about Real Estate Investing” podcast. Went to a Rich Dad Poor Dad seminar in November of 2015. Paid his 35k and got some training, started by doing fix-and-flip of single-family homes. They were in Raleigh/Durham, Austin TX, Dollars TX, El Paso TX, and Tampa FL. He and his company would fix and flip over 50 per year and wholesale 80+. Then late 2019, he decided to stop cold turkey and go to commercial real estate. He pretty much let all of his staff go and started from scratch. He started to liquidate all his single-family homes.

Javier was inducted into the Rich Dad Poor Dad Hall of Fame in 2018. He believes in Podcasts/mentors/coaching. He’s a high school pushout and doesn’t have a college education. Had 32 cents in his account on New Year's day 2017. He almost gave up. Then he asked his kids for their Christmas money so he could pay their rent. By the end of 2019, he closed on his first apartment 63 units outside Charleston. Fast forward about 19 months later he is at 690 units across 7 properties. Stabilized Value 50M.

Outline of the episode:

[00:26] Javier’s background and how he started flipping
[05:16] Javier’s first deal and his psyche in handling it
[13:05] The inspiration to keep moving forward
[17:51] The challenges he met in the field
[22:50] Systems that Javier and his company uses
[27:46] What’s next for their company
[31:48] Fire round with Javier
And many more!

Connect with Javier Hinojo:

Connect with Cashflow Project!

Bank on Yourself with Mark Willis

Tue, 26 Apr 2022 10:00:09 +0000

Join Steve Fierros, as he chats with Mark Willis, as they chat about how to bank on yourself. As a child, Mark experienced depositing cash in a bank for the first time and immediately did not like the feel of it. Thought to himself, he gave a guy in the bank his hard-earned money and never see it again, whereas he could use that money to finance other efforts. In this episode, Mark shares how to be your own financier, control your own assets, and be more in charge. Mark likens the banking system to a doorless microwave which totally makes no sense in having, and is now enjoying the accessibility of his own money. More to learn in this episode about policies and what to watch out for in self banking policies so be sure to stay tuned!

Understanding your own policy:

Mark warns that some policies often yield so many expenses that it becomes counter-productive instead of being a source of income for future endeavors. He shares how instead of sticking to the usual policies that he would be given by a bank, he started making a list of things that he would want his money to do for him instead. He shares some pointers as well such as wanting his money to be accessible, have a rate of return, and liquidity among other things. Mark shares how these insurances made it possible for him to pay off his student loans and even use the money to buy a car or other properties, all with the help of insurance policies.

Mark shares how inspecting the insurance policy is of utmost importance as due to the number of insurance agents in the country, some of these policies are not designed as properly as it should be. Finding the right insurance policy and the right agent to work with that has the right credentials as well may be difficult but this ensures that the policy works for the interest of the client and also ensures the yield. He also shares how this allows long-term investing because if the policy is correctly built, money could be used for putting up businesses, sending kids to college, starting up different projects, and many more.

About Mark Willis:

Mark Willis is a man on a mission to help you think differently about your money, your economy, and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients.

Mark is a CERTIFIED FINANCIAL PLANNER™, a THREE-TIME #1 Best Selling Author, the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois, and co-host of the Not Your Average Financial Podcast™. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions unknown to most financial gurus. He has become known as “Not Your Average Financial Planner!”

Outline of the episode:

[01:36] Mark’s background and investing journey
[04:38] The strategy to banking on yourself
[11:58] Taking advantage of your present assets
[16:28] Understanding the clauses and policies
[21:02] How cryptocurrency fits in these policies
[24:40] Fire round with Mark
And many more!

Connect with Mark Willis:

Twitter

Youtube

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Investing with a purpose with Alex Cheng

Tue, 19 Apr 2022 10:00:15 +0000

Join Steve as he talks with Alex Cheng about how to invest intelligently so where your money goes has a purpose. Alex is the owner and creative director of instaMERSION studios, a digital media studio. He tells his story of how he went into the real estate industry. There’s a lot to unpack, so stay tuned and enjoy the episode!

Make It Count

Alex first bought a house in 2004, back when prices were still low. Despite the heavy mortgage payments amid a recent divorce, his parents encouraged him to keep paying them as it would be worth it in the long run. Alex did see the fruit of his labor because the property doubled in value in a span of time. That was how Alex got involved in real estate. From that experience, he got himself immersed in the real estate industry along with his digital media business.

Investing is a strategy game, and Alex says that networking is especially important when it comes to real estate. In order to gain trust and learn from other seasoned investors, he had a lot of lunches with them. The relationships gained from these interactions will eventually become a reward in the future. Connections are the easiest way to deal with in the business of real estate. Decisions made on where to put money in will make or break investments. Thus, every action must count and have a purpose.

About Alex Cheng:

Alex Cheng integrates problem-solving, technology, and design with his expertise as a digital artist, designer, and storyteller. His initial passion for designing page layouts led to his breakthrough into the print industry. Incorporating imagery and typography, creating ads, brochures, posters, and flyers eventually honed his ability to create highly dynamic websites that caught the attention of Fortune 500 companies. He later solidified his skills as a digital artist by expanding his passion for video and motion graphics. Alex has worked with numerous national and local agencies as an interactive designer, digital marketer, and strategist. Now, as the owner and creative director of instaMERSION studios, he enjoys collaborating with clients and leading their projects from concept to creation.

Outline of the episode: 

[01:53] How Alex started his journey in developing passive income with real estate
[08:08] The importance of networking in real estate investing
[11:31] Should you buy from a distance?
[14:29] Rat race, family influence, and getting by on your own
[18:52] Real estate as a life-changing investment vehicle and technological changes
[24:54] Reevaluate the situation due to financial market changes
[27:45] Advice for people who want to get started in their journey to financial freedom

Resources:

Website

Connect with The Cashflow Project!

Growing Intentionally with Adam La Barr

Wed, 13 Apr 2022 10:00:16 +0000

Join Vince Gethings, as he chats with Adam La Barr as he shares about how he got started doing REI and how the transition went, coming from a military background. Adam has a background in coaching as well with his company APDI where he helps coach and mentor over 40,000 members, especially military members and veterans alike, and teaches them to build their passive income. It was at a point in Adam’s life that he realized he needed to straighten up the way he utilizes his money as well because he noticed how his wife has a savings account and then decided to build up his passive income along with his investments as well. So much to unpack especially with Adam’s wisdom that he earned through years of experience so be sure to stay tuned!

Being involved:

Adam shares that the biggest lesson he learned from his first-ever deal is to be more involved with the team effort. During the first deal, he was living in Japan which gave him an excuse to let the deal take its course on its own. He was slightly in doubt because he didn’t think that his experience dealing with contractors back in the military would come into play in the real estate field. He also shares how you shouldn’t fear to use your knowledge from a different “arena” to another one because that’ll help you transform your existing skillset into the one that you need for the new practice you’re undertaking.

By the fire round, Adam shares how you should trust yourself in order to move forward as his final advice. He says that trusting yourself means surrounding yourself with your team, making sure you get past that imposter syndrome and building up the confidence to know that you can get your job done. Put yourself in the right community for your endeavor as well, in order to learn not only technical knowledge but also the behavior, the habits, the mindset, and push yourself forward with what you gain from your environment, further helping with the confidence build up and in turn be able to do more.

About Adam La Barr:

Adam was an Air Force brat before joining the Air Force and traveling the world. Adam is married to his wife, Raquel, who was instrumental in his decision to start investing in real estate as she saw its power through her family’s investments. Adam and Raquel have two crazy boys and they love spending time with them while building their real estate empire. His first investment property was a 62-unit apartment which he bought while living in Japan!

Adam currently co-leads Active Duty Passive Income’s Military Multifamily Academy and Mastermind where he utilizes his passion for property research and underwriting to help guide and coach new investors. He loves teaching other people how to invest, and while he claims to be no expert, he will gladly teach all he knows to anyone who will listen.

Outline of the episode:

[00:53] Adam’s background and investing endeavors
[05:10] The first deal for Adam
[11:09] Adam’s advice for taking on your first deal
[17:39] Adam’s goals for 2022 and transition to Florida
[19:42] Tips on building a portfolio
[22:27] Fire round with Adam

Connect with Ryan Barone:

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Flying High with Robert Preston

Tue, 05 Apr 2022 10:00:10 +0000

Join Vince Gethings, as he chats with Robert Preston as they chat about Robert’s transition from being a Marine to building his wealth. Robert shares the psyche of having to be deployed as a single person and its difference to already having a family. He decided that he can do better on his own, financially speaking, and left the Marines to pursue investing in real estate. Even when he was still in the Marines though, Robert always knew he had an entrepreneurial spirit, he once delved in jet ski rentals while in service but didn’t go very well. Regardless, he knew he wanted to do business. A lot more on the psyche of Robert Preston in this episode so stay tuned for more!

Robert’s point-of-view on RV parks:

Robert shares how one of his investments is a hybrid RV / mobile homes park, which in his opinion is more fun as his family loves to travel in an RV. He gets to work looking for properties while his kids feel like they’re simply on vacation. RV parks though allowed for more flexibility. Robert shares how they were getting outbid with apartments even when they tried to play safe with the business. Back then, looking at the math, Robert decided that apartments. He shares more on the different advantages of an RV park such as the probability of having short rental income via Airbnb, and the lesser cost on the engineering of plumbing, electrical, and other utilities.

Robert further shares the flexibility of the business with the different opportunities they can delve into. One of which was inspired by how his family actually loves camping, having an RV himself. Most of their relatives too, love camping, but they do not have an RV, so now they rent out units for short term, and a simple change in the marketing strategy allowed for bigger engagement already. Especially for properties that do not have any social media marketing already set up, Robert says that even a drone shot of the place is already a big change.

About Robert Preston:

Robert Preston grew up on a farm where he learned self-reliance, independence, and gratitude from a young age. These values carry through everything he does today. As a young adult, he joined the Marines to fly planes because he wanted to serve the country and do so in the coolest way possible. He was a V-22 and T-6B pilot and was also a naval flight instructor.

These paths taught him the value of making deep long-term commitments, which he brings to his family, his business, and their investor partner relationships each and every day. Armed with these ideals and values that he try every day to make the world better than how he found it.

He finished B.S Economics at Clemson University and became Principal and Founder of Climb Capital, a real estate private equity firm focused on improving workforce housing to enhance the lives of their residents and to provide steady returns to their investors. They are actively buying apartments, mobile home parks, and RV parks on the Gulf Coast and the Southeast.

Outline of the episode:

[00:26] Robert Preston, background and present endeavors
[09:12] Robert’s entrepreneurial efforts
[13:30] Why Robert chose RV parks and advantages
[21:49] More on the flexibility of the business with an RV park
[25:57] The challenges Robert faced in his investing career
[32:34] Fire Round with Robert
And many more!

Connect with Robert Preston:

Connect with Cashflow Project!

MicroCap Explosions with Marius Skonieczny

Tue, 29 Mar 2022 10:00:15 +0000

Join Duc Ong, as he chats with Marius Skonieczny, as they chat about why Marius switched from real estate to stocks. Marius shares that since he finished college, he immediately came into real estate investing, even learning how to appraise before investing, and that’s while he’s also studying the stock market, reading both Poor Dad Rich Dad while digesting the works of Warren Buffet. In this episode, Marius will be sharing what he knows about microcap investing. He shares what microcap means and what makes it more personal rather than investing in big companies like Apple, Microsoft, Tesla, etc. He points out the fact that with microcap companies, the CEOs themselves will be the ones explaining the business to an investor which gives investors a better idea of what they’re getting into and have a more personal connection with the company. More on this notion in this episode so be sure to stay tuned!

Understanding MicroCap:

Basically, a company that has a market cap or equity of less than 100 Million, as shared by Marius. He says that the advantage of investing in a microcap company is that they are not being scrutinized by analysts, he can do his own research by contacting customers, former and current employees to get a better point-of-view on what the company can do. He shares more on this including his most successful trade which happened because no one was paying attention to how much the company was growing.

Marius also shares different strategies for handling microcaps. He shares his past experiences about how microcaps suddenly grew in value because no one is paying attention to them that much and most of which are private companies as well which further takes them away from public eye. He also shares that technical analysis of a microcap company is not all that advisable since they do not have as much liquidation data as bigger comapnies. Further information as well is included about Marius’ exit strategy and how he handles inflation rates.

About Marius Skonieczny:

Mariusz Skonieczny is a professional investor and the founder of Classic Value Investors, MicroCap Explosions and creator of Value Investing University. Mariusz graduated from Indiana University in 2003 with a finance degree. From 2003 to 2008, he was in the residential and commercial real estate industry as an appraiser and broker. During the 2008/2009 financial crisis, he made the courageous decision to leave the industry and start Classic Value Investors. He has been investing in the stock market since 2008, starting with only $10,000, 10 years later he reached $1.1 million. By March of 2021, his accounts reached over $4 million! He is also the author of 11 books on investing.

Outline of the episode:

[00:56] Marius’ switch from real estate to stocks
[03:39] Understandingmicrocap
[09:20] Competitive advantage in microcap investing
[13:29] Most successful trade Marius did and the process of selecting
[17:21] How to analyze microcap companies and the exit strategy
[21:36] Marius’ sale and inflation strategy for microcaps
[26:54] Fire round with Marius
And many more!

Connect with Marius Skonieczny:

Youtube

Twitter

Connect with Cashflow Project!

Getting Raw with Bill Ham

Tue, 22 Mar 2022 10:00:20 +0000

Join Vince Gethings, as he chats with Bill Ham, the author of Creative Cash, as he chats about his endeavors since the last episode he was on the show. He shares how he doesn’t see a decline in value for the future of real estate investing, he believes that real estate is always good. Number dwindle as a whole for the country but certain cities will always have better numbers in his opinion. He also shares how he thinks there will only be a slowing down in transactions and along with that, stricter criteria from the lenders. But that’s just the initial part of the interview! Bill will share more about his psyche with writing his next book, Real Estate Raw, an unhinged book of truths about building your portfolio so stay tuned!

Real side mentioned in Real Estate Raw:

Bill shares about his next book, Real Estate Raw which teaches everything about building a portfolio, whereas his first book Creative Cash is how to fund it. Bill exclaims how the book talks about the hard truths of building a portfolio with every step necessary to be able to achieve your goal portfolio. He shares how he already has plans on writing Real Estate Raw while writing his first book because they are interconnected with the other book filling in the gaps of the other.

The conveyor belt model:

Vince brings up the model that Bill taught him which is the conveyor belt model which shows a very holistic approach to a system that shows how you can gain for your portfolio while also seeing the cash flow in a set amount of time. In this example, Bill uses a span of 5 years while explaining how the model works. This topic on the model even touches on the aspect of having legacy assets and why they wouldn’t work if you’re using somebody else’s money.

About Bill Ham:

Bill is the author of Creative Cash, The Complete Guide to Master Lease Options and Seller Financing for Investing in Real Estate. The book provides an in-depth approach to using creative financing techniques and shares stories of how Bill closed on these first 400 units without working with a bank or qualifying for a loan.

Outside of being a published author, Bill is also the Chief Operating Officer at Broadwell Property Group, the owner/operator of Phoenix Residential Group and Phoenix Residential Management, and a Deal Expert Coach for Jake & Gino.

In his over 15 years of experience working with these great companies, he has created a portfolio of over 1000 units while growing Phoenix Management to a team of 15 staff members. He has taught real estate for the past 6 years and has dozens of highly successful students. Bill uses his extensive real estate experience to teach his students the “real” side of real estate.

Outline of the episode:

[00:43] Amazon Best Selling author, Bill Ham
[02:46] Bill’s thoughts on the first quarter of 2022 for REI
[09:04] Writing the next book, Real Estate Raw, and other projects
[14:27] How to gain Bill’s unique perspective
[16:01] The conveyor belt model and how it builds a portfolio
[21:07] What are legacy properties
[25:09] Bill’s advice with winning deals in a competitive market
And many more!

Connect with Bill Hamel:

Coaching with Bill

Connect with Cashflow Project!

Getting Focused with Bill Hamel

Tue, 15 Mar 2022 15:11:37 +0000

Join Vince Gethings, as he chats with Bill Hamel who purchased his first property at 21 years old, as they chat mostly about the power of focus. Bill Hamel shares how in 2021 he was able to sell 40 buildings and utilize 1031 exchanges. Before he reached that point though, he had to go through the Great Recession where he already has a good portfolio and was so focused on protecting it that he lost all momentum. With more than 2 decades of experience in the field, Bill definitely had his share of dark times before realizing how powerful focus can be when mastered. He once wrote a manual for his previous company and in the end, left it due to being burnt out for not letting go of control. This episode is filled with different details on Bill’s mindset when it comes to business so be sure to stay tuned!

Giving up control is healthier than holding onto it:

Bill shares how he once worked on an operations manual. A small document that quickly turned into a system of procedures that helped guide his employees. But the challenge for Bill came knocking eventually. He had a hard time letting go of the control and was always on the lookout for his employees, even stating that he never allowed them to fail, which inevitably meant they were never allowed to properly grow. That kind of leadership that he pulled on his team burnt him out. He would immediately take over a task that is not being done the way he wanted and that certainly became toxic for himself in the end. After 8 to 9 years, when he finished the manual, he just went up and left, letting go not only of control but also of being a property manager.

Mistakes don’t make the business perfect but smoother:

Before the fire round with Bill, he shared two of the biggest mistakes he’s done on his entire journey in the field. One of which was that they weren’t so strict with the rules that they set when selecting tenants. They had a certain allowance for mishaps with the information that applicants hand over to them and that caused problems for them. This made Bill do another mindset shift and be properly professional with the system that they are following in order to avoid further mishaps as it not only makes business smoother and easier but also lowers a lot of risks.

About Bill Hamel:

Bill Hamel is an expert at deal selection, apartment rehab and value add opportunities. We have vast knowledge in deal flow, creative financing, and property management ensuring a routine process of finding, funding, and managing multi-family apartments.

Hamel Real Estate is a real estate investment company focusing on acquiring large multi-family properties, providing investment opportunities to potential investors to build wealth passively with multifamily properties.

Outline of the episode:

[01:23] Who is Bill Hamel and how he started with real estate investing
[07:44] The thought process of moving from small-scale to large-scale
[13:55] Importance of being able to pause and recalibrating focus
[17:41] The biggest mistakes Bill did and how he recovered
[24:23] Fire round with Bill Hamel
[27:32] Bill’s advice, have a great “why?”
And many more!

Connect with Bill Hamel:

Connect with Cashflow Project!

Technology, tenants and entrepreneurship with Ryan Barone

Tue, 08 Mar 2022 11:01:06 +0000

Join Steve Ferrios, as he chats with Ryan Barone, CEO, CTO, and Co-founder of the RentRedi App. Ryan talks about how he was able to easily find an apartment in New York but was not aware of how hard it is to keep one. From this point moving forward, Ryan figured that it was actually a very common issue for tenants in New York thus, RentRedi was born. It was primarily used to help him and his friends process the application for a new apartment until a landlord reached out to them, giving Ryan the initial piece of crucial expansion for the app’s services. More on the App and Ryan’s mindset on the Fire Round in this episode so be sure to stay tuned!

RentRedi was a solution to a common problem:

Ryan made the RentRedi app to make the application process for apartments easier for him and his friends. This was after he realized that having to look for a new place is a frequent occurrence in New York City. Not much longer, he had landlords trying to connect with him after they learned of the app he developed, and soon enough they now have operations within all the 50 states. Might be a stroke of perfect coincidence but the app he developed just to make apartment hunting easy now is a business that continuously grows, providing services for rent collection, maintenance, listings, lease signings, and many more functions.

Constant feedback for constant growth:

Ryan’s app from the getgo was a product of constant feedback. It was only supposed to be used by him and his friends until a landlord asked to be involved as it was helpful for them as well. From then on they have continued to improve and broaden the lists of functions and services that the app provides from both landlords and tenants. A single point of problem that was shared by a small circle of people is now being solved by something that covers the US and is already receiving demand from European landlords for possible expansion of the app. Although this wouldn’t have been possible without Ryan’s constant effort, it would have been so much harder had he not been open to feedback.

About Ryan Barone:

It all started when CEO Ryan Barone lost out on a great apartment in New York City. A double major, top of his class, and with an internship on Wall Street - getting documents for rental applications shouldn’t have been a problem. But it was. And it wasn’t just an issue for him.

Speaking with friends, he found the application process for rentals was difficult for everyone, tenants and landlords. Gathering and storing documents and having them easily available for landlords was a problem - and RentRedi became the solution.

Ryan began developing the RentRedi mobile app. However, as he met with more landlords, the difficulties of the renting process became more obvious. It was clear many of the hurdles landlords encountered while managing their rentals could be streamlined with the use of technology for landlords.

What started as a mobile application app for tenants had developed into a sleek, comprehensive dashboard built for landlords by landlords. Now, RentRedi is an all-inclusive landlord-tenant app that helps landlords go mobile and manage rentals from wherever, whenever.

Outline of the episode:

● [01:30] Ryan’s journey into entrepreneurship through his app

● [05:09] Finding the biggest problems and biggest solutions from both sides

● [11:33] Other projects or efforts that Ryan is currently working on

● [15:10] Advice for budding entrepreneurs

● [17:51] Fire round with Ryan

● [19:15] Ryan’s advice to people working towards financial freedom

Connect with Ryan Barone:

Connect with Cashflow Project!

From Fintech to Financial Freedom with Spencer Hilligoss

Tue, 01 Mar 2022 11:00:20 +0000

Finding synergy through real estate brokerage and investing with Arn Cenedella

Tue, 22 Feb 2022 11:00:15 +0000

Join Duc Ong, as he chats with Arn Cenedella, and his motivation with creating a passive income system that also allows him to utilize his passion in helping people by simplifying brokerage and investments for his clients. In this episode, Arn shares so much about his knowledge in a highly competitive market which is Carolina. He shares about the deals he’s already closed and how he handled it with the numbers that are currently the state of real estate investing the Carolina and what future he sees with it. This episode is highly technical with all the information Arn shares, especially regarding figures and time settings so be sure to stay tuned!

Authenticity is the key:

Arn shares that working with integrity helps attract similar-minded people and in turn creates a very healthy and strong relationship that’ll help make the playing field competitive but not unattractive. Success, as Arn believes, comes along for those who work with a real desire to be able to be of help to clients. Trust allows for better communication and ease in working together which has always been Arn’s specialty, in creating relationships that last by building confidence with his team.

Synergy to put the details in the big picture:

Arn shares that his superpower is the ability to put together people to work towards a certain goal. He shares that he’s typically the person who sees the product, the big picture, and has since learned to put together teams that allow for him to achieve the goal of the company. Of course, motivating the team comes along naturally with bringing them together in order to achieve their goals.

About Arn Cenedella:

Arn Cenedella, the founder of Spark Investment Group, is a real estate expert with more than four decades of experience, including 35 years as a Realtor, navigating the unique real estate landscape in Silicon Valley, CA. During that time, Arn invested in real estate ranging from single-family homes and fix-and-flips to land subdivisions and condominium conversions to commercial multi-family properties.

Through these experiences, he developed a passion for helping others achieve their own financial freedom through investing in multi-family real estate syndications. Through Spark Investment Group, Arn is putting his decades of real estate expertise to work for his clients, helping them reach their goals and attain the lives they’ve always wanted to live.

At Spark Investment Group, they have the knowledge and experience needed to help you achieve financial freedom and turn your dreams into reality.

With Spark, you’ll learn about — and invest passively in — real estate syndications (also known as group investments) to create ongoing cash flow, equity, appreciation, and tax advantages.

If you’ve invested in real estate before, we’ll help you simplify, diversify, and grow your portfolio so you can achieve your goals faster.

Outline of the episode:

● [01:04] Arn’s motivation to build passive income and the markets he’s involved in

● [05:31] How his brokerage experience helps with investments

● [06:55] Arn’s advice for agents looking to invest in real estate

● [10:39] His latest investment in Carolina

● [15:43] Arn’s forecast on multi-family investments

● [17:03] Exit strategy and terminal cap rate projections

● [21:32] Fire round with Arn Cenedella

Connect with Arn Cenedella:

● Best in Class, Book by Kyle Mitchell, Gary Lipsky

Connect with Cashflow Project!

Ingenious investing solutions with Nick Earls and Eric DiNicola

Tue, 15 Feb 2022 23:09:57 +0000

Join Vince Gethings, as he chats with Nick Earls and Eric DiNicola, good friends for almost 20 years that has always shared the same goal of buying a rental property for passive income but has learned how to scale up their goals and the product is the idea of condo development in Boston. Venturing into the condo development business, Nick and Earl’s projects are ground-up construction of condos instead of conversions. This growth and change in mindset allowed them to be open to the business and in turn make more money with the projects that they undertake. Other than condo developments, the pair will also share the details of other facets of the business that they do in this episode so be sure to stay tuned!

About Nick Earls and Eric DiNicola:

Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.”

Eric DiNicola, co-founder and managing principal, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of their real estate business. Heading up their acquisitions team, Eric leans on his extensive broker network to keep their deal pipeline full.

Winterspring Capital is a real estate investment firm that focuses on multifamily and mixed-use development within the greater Boston area. They form real estate syndications for every new investment, which allows accredited individuals to invest with us completely passively.

Their team sources new opportunities, underwrite deals, negotiates purchases, and implements the business plan for each property we purchase. Their investors get to share in all of the benefits of owning real estate without having to do any of the work themselves. We also offer the opportunity for qualified individuals to invest through their self-directed IRA.

Outline of the episode:

● [01:01] About Nick and Eric’s shared goal and how they reached it

● [04:50] The structure they follow in making deals and details on seeing it through

● [13:13] Moving forward from one project to another, baptism by fire

● [19:29] Office conversion side of the business

● [25:06] How they utilize tax credits

● [29:34] Nick and Eric’s take on a diverse portfolio

● [36:18] Book recommendations for the viewers

● [40:43] Nick and Eric’s remarkable traits and talents

● [48:11] Advice to professionals working towards financial freedom

Connect with Nick Earls and Eric DiNicola:

Connect with Cashflow Project!

Carving your own path with Anthony Scandariato

Tue, 08 Feb 2022 11:00:14 +0000

Join Vince as he talks with Anthony Scandariato about carving your own path. Anthony is the co-founder and managing principal of Red Knight Properties, a boutique multifamily and mixed-use real estate investment and property management company. Before building his firm, he had a full-time job under another real estate firm which made him knowledgeable about the industry. Today, Anthony shares how he took the calculated risk of making the jump to building his firm. There’s a lot to unpack, so stay tuned and enjoy the episode!

Take Risk, Make the Jump

Many people have full-time and good-paying jobs, and they have the capacity to make the jump and invest their way to financial freedom, yet they do not. The idea petrifies people into inaction, and they are playing it safely under the security blanket of a W-2 job. For Anthony, that is actually fine because it cannot be forced. But asked how he did it, Anthony credits it to his full-time job prior to his company. Working in a real estate company for six years gave Anthony the knowledge and foundation to leap and stand on his feet.

Going solo comes with risks, but Anthony’s was a calculated one. Because he had experience in the real estate industry, he was not clueless about how things should be done. Yet, Anthony still made mistakes along the way, which served as lessons the next time he encounters the same problems. Anthony also had his fair share of sacrifices before taking the trajectory of what he planted. It takes creativity to minimize expenses and live for free, but in the end, it was all worth the risk.

About Anthony Scandariato:

Prior to forming Red Knight Properties, Anthony Scandariato, who graduated from Cornell University with a Bachelor’s Degree in Applied Economics and Management, was a co-founder of Ridgeview Partners. He specialized in the retail space with a vertical model that provided flexibility to serve multiple customer segments with similar product lines through retail, wholesale, and production contracting channels. He acquired and developed the growth of 110+ retailers within first-year operations. He later moved on to acquisitions and asset manager vice president for Vision Properties, where he was directly involved and responsible for sourcing, negotiation, and managing the acquisition of $594M of Class A office assets.

Outline of the episode:

● [01:01] What different asset classes Anthony invests in and his strategy

● [04:32] Anthony’s first full-time job and how he took the risk and made the jump

● [08:53] Mistakes made despite a background in real estate

● [10:51] Systematize to grow

● [13:48] Anthony’s advice for those trying to get into real estate

● [21:06] Book recommendation and Anthony’s superpower

● [22:40] The biggest lesson Anthony learned over his career

● [24:03] Tips for working professionals to reach financial freedom

Resources:

● Website

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Taking Control with Adam Doran

Tue, 01 Feb 2022 11:00:09 +0000

Join Vince as he talks with Adam Doran about taking control of finances to avoid getting caught in the tax trap. Adam is a former police officer who eventually became a wealth advisor and real estate investor. Building tax-free assets and alternative financial strategies with real estate investors are what he specializes in. Today, Adam gives out his mindset towards helping real estate investors and building primary wealth through real estate. There’s a lot to unpack, so stay tuned and enjoy the episode!

Tax Trap

“The industry is broken,” Adam said. The claim is traced back to the financial advising sector because, generally, control goes into the adviser and not the client. First, it takes away liquidity and access to capital, then it goes into accounts untouchable until 59, unwittingly setting a tax trap. Yes, the account grows bigger as time goes by, but no taxes were paid for that. Eventually, taxes will take a fraction of that hard-earned money that took years to grow. Moreover, it is estimated that in 10 to 20 years, tax rates are more likely to be higher than they are to be lower. So, with people unaware of what happens with tax-deferred accounts, what could be the future with higher tax rates?

Good thing Adam has a long-term strategy. He explains that asset accumulation is important, yet the most common mistake people make is solely focusing on accumulation. It ties back to the tax trap problem – it does not matter what is accumulated when there is no plan for distribution. There is a better chance of growing the money if it is distributed in different accounts rather than putting it all in one account. Adam shares a financial convention around a four percent safe withdrawal rate. In retirement, the idea behind that is when assets are started to be drawn, four percent of the total balance can be safely taken annually without running out of money. That is just the accumulation part. If that money is distributed to other tax-free assets such as life insurance, the safe withdrawal rate can be boosted to six to eight percent. Doing this not only avoids the tax trap but also grows the money more efficiently.

About Adam Doran:

Adam Doran is a former police officer-turned wealth advisor who has been investing in real estate since 2011. He specializes in a creative capital strategy for real estate investors to build tax-free wealth alongside their growing portfolios.

As a real estate investor, Adam started with wholesaling and accumulating single-family rentals using the BRRRR method in his home market of Kansas City. He transitioned in 2019 to multifamily and now owns 52-units with his partners.

Outline of the episode:

● [02:05] The process to be a wealth advisor

● [07:22] What kind of wealth advisor Adam is

● [14:50] Accumulation and distribution strategy for efficient money growth

● [28:34] Obstacles faced and mistakes made throughout Adam’s journey

● [35:45] Be selective of the people to work with

Resources:

● Website

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Choosing his own path with Tony Castronovo

Tue, 25 Jan 2022 11:00:14 +0000

Join Vince as he talks with Tony Castronovo about choosing entrepreneurship as his path to financial freedom. Tony is the founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management firm. He has been in the real estate space for over seven years, with financial freedom as his prime motivator. Today, he tells how he found out he was going down the right path that eventually gave him control of his life. There’s a lot to unpack, so stay tuned and enjoy the episode!

Take a Path to Traverse

In a world run by money, everyone has a common goal: financial freedom. That is primarily why Tony walked down the road to real estate. Living life on one’s own terms is the dream, and Tony saw real estate as the way to achieve such. In addition, real estate was something that would give him more control of his time, control of where he spends his energy, and see the fruits of his labor. Tony has been influenced by his father, who had run a business and always worked for himself throughout his career. In addition, his mother was there to support his father through the pros and cons, which is why Tony believes entrepreneurship has been embedded in him. Being able to drive his day and time on his own terms is what he wants, bringing him happiness.

Tony traces back to 2001 how he got the bug to do real estate. He had been doing construction in the 80s and 90s, and he was told by a coworker 20 years older than him that he had to find a better way to make money because they both earn the same amount. Because of that, he got started in real estate in 2001. Tony hustled in that business but had to stop when he found a new job. Fortunately, the spark got him back in 2014, and he has been in the industry since then. Tony knew what he wanted right from the start, which pushed him to take that path. Taking matters into his own hands eventually brought him the life he envisioned for himself and his family.

About Tony Castronovo:

Tony Castronovo, founder and managing partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with over seven years of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction and renovations, operations, asset management, and overall asset strategy implementation.

Tony is currently invested in over 650 units, including a combination of general partner, limited partner, co-GP, and independent ownership.

Tony is also a seasoned business management consultant, utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.

Outline of the episode:

[01:26] How Tony got down the path of real estate
[08:55] Tony’s first real estate deal using the BRRR strategy
[16:23] Skip the conventional route
[17:33] Lessons learned and progression out of single-family real estate
[23:07] Tony’s jump from single-family to multifamily
[31:43] The experience working with lenders and going through refinancing
[36:11] Why exterior overhaul and curb appeal matter in a property
[41:18] What the future holds for Tony
[44:51] Tony’s advice to his 20-year-old self and his book recommendations
[48:04] What superpower Tony has and the greatest lesson in his career
[50:33] Advice for people working their way to financial freedom

Resources:

Website

Connect with The Cashflow Project!

Changing your mindset with Chad Tucker

Tue, 18 Jan 2022 11:00:26 +0000

Join Vince as he chats with Chad Tucker about the mindset on having an end goal. Chad is a real estate investor in Central Florida. Being a full-time firefighter was not enough for Chad, so it pulled him towards becoming a multifamily investor. Today, he explains how the mindset he calls “time freedom” will improve life. There’s a lot to unpack, so stay tuned and enjoy the episode!

Time Freedom

People in general work to earn money. The more money a person makes meant they live a stable life. Yet, the common scenario is that they lose time because they spend it more working. That is not what Chad wanted. He desires to take control of his time while at the same time earning. He wants to be in charge of his life. It took some mindset shift for Chad to add value to what he already does. While he already makes enough for a living, he realizes it is acceptable to want more. His end goal is to have the freedom to wake up every day and decide whether to go to work or take the day off to hang out with friends, visit his parents, or even take a vacation. Because of that end goal in mind, Chad got into multifamily real estate.

Back then, Chad was doing wholesaling. It was great, he admits, but it does not feel right for him. He tried fix-and-flips and single-family deals, but it felt like it took forever to achieve his end goal. Chad then looked at syndications and joint ventures in multifamily. He fits perfectly well. Chad wanted to bring value to people, and he is good at handling people under pressure. Right there and then, Chad found the long-term equity growth he wanted to achieve his end goal of time freedom.

About Chad Tucker:

Chad Tucker has been a multifamily real estate investor in Central Florida for the last year and a half. Currently, he is partnered on 16 units that recently closed. Besides investing in real estate, Chad is a full-time firefighter in the Orlando area, married, and has four kids. Chad uses his love of helping others and ability to work in high-pressure situations to make deals happen in two of the nation’s hottest housing markets (Tampa and Orlando).

Outline of the episode:

● [00:45] Chad’s background and how he started in real estate

● [05:14] Why begin something with an end goal in mind

● [09:43] How Chad found his 16 units

● [14:12] Decisions and mind shifts to see one’s worth

● [18:05] What kind of deal is a value add

● [24:53] The power of networking and building relationships

● [28:19] What is the seven-year term and what is its IRR target

● [31:43] Some obstacles Chad faced on building his company

● [33:27] Chad’s next move

● [35:03] What Chad would advice his 20-year-old self

● [38:49] Chad’s book recommendations, superpower and biggest lesson learned

● [40:42] Tips for financial freedom from a busy working professional’s perspective

Resources:

● Website

● Email

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Discover your Super Power with Tim Vitale

Tue, 18 Jan 2022 02:29:54 +0000

Join Vince as he chats with Tim Vitale as they share about finding your skillset and making sure to take advantage of them. Tim talks about how he deals with team setups, how he deals with differing goals between colleagues, and what he does to rectify differences in core values. Tim also shares about how he wishes he had someone to guide him better during his beginnings in real estate investing, acknowledging the importance of a mentor in the field which he now counters. Using his Facebook group he starts coaching sessions with a relatively small amount of people, wanting to connect on a personal level because he knows that what’s truly important in the industry is trust and strength of the relationships formed.

The difference in skills, similarities in values

One of the key topics for this episode is making sure that your energy syncs with that of your team. This will not only avoid conflicts in interest but also make sure that no one is pulling too much weight or is being lax in the hustle. Tim values the way his team always is in sync which is why he doesn’t experience having to rectify conflicts within the team. One other thing he focuses on is making sure that every person has a specific role in order to maximize the people he works with which helps with the productivity of the group altogether.

Mentors, environments, mindsets, effects

Having a mentor is what Tim wished, unfortunately after he’s now reaping success from his hard work. Nonetheless, he still acknowledges the fact that building relationships in the industry are crucial. Mentors will have their own connection that a person could have been involved in and allow the habits and mindsets to be ingrained into the new person that’s trying to venture out into real estate investments. More of which will be tackled in this episode!

About Tim Vitale:

the Founder and Owner of Upside Capital based out of Charlotte, NC. He is the AVP of Finance for an F500 Insurance Company and specializes in underwriting, analysis, and budgeting. Tim was born into a commercial real estate family and has owned rental property in the Charlotte area. He is also an active investor and syndicator in the Southeast USA.

Tim Vitale runs his own Facebook group Makin’ Moves in Multifamily in which he provides value to other investors and syndicators through educational and inspirational Facebook events and posts. He is also an Admin and Moderator for the My First Million in Multifamily Facebook group.

Outline of the episode:

[04:01] How to make a partnership work

[08:21] Why build passive income

[12:18] Importance of a mentor

[16:41] More on cash-out refinance and equity checks

[19:22] Importance of diversity in skill but unity in values in a team

[27:38] Where or how to start deals

[29:29] How the go-giver mentality opens opportunities

[34:11] Fire round, book recommendations, and other questions

Resources:

● Website

● Facebook Group

● Instagram

● LinkedIn

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Crushing It by Thinking Outside the box to Scale with Ethan Neumann and Harris Trail

Tue, 28 Dec 2021 10:59:33 +0000

Join Vince as he chats with Ethan Neumann and Harris Trail as they share how they found wholesaling right before the pandemic started and went from there to multifamily instead. Partners for a couple of years now, leading The Visioneer Group, They both look back into what their motivations were before that led them to opt-out of college and pursue real estate full time.

In this episode, Ethan and Harris will tackle the subjects of finding the right environment, including people, finding the right sources of information, following the right systems, keeping track of your progress, and making adjustments to ensure attainment in every set amount of time. This episode is surely packed with many tips and tricks to keep you on track in your entrepreneurial journey!

Put energy where it counts

One of the key topics for this episode is making sure that your energy is invested properly at the right point that is crucial to reaching your goal. Part of this is to remove the “middleman” in the processes or systems that you will be following, even when you don’t know you do. This also includes being smart about choosing where to invest, weighing the difference between making a lot of smaller investments or making a lesser amount but of big investments, only in this episode, the case would be about multi-family units or duplexes.

Systems are not limited to software

Starting habits with little details like getting up early sounds mundane but is actually not only difficult but also highly crucial to ensure that set goals will be achieved. Setting bigger-than-life goals is easy but to be able to achieve these goals. Systems of behavior and mindset are just as important as following systems in making deals and negotiations. Of course, software programs being used to help with the speed of which and organizational level of data that are being utilized are also helpful to sorting out data for business, only, finding the correct source of data can not only save time but also money.

About Ethan and Harris:

Ethan Neumann is an entrepreneur, podcast host, syndicator, realtor, and lifetime learner. He got started in real estate at the age of eighteen when he founded a single-family investment company that did 300k in revenue its first year.

He currently serves as the co-founder and Director of Investor Relations for Visioneer Capital where he coaches his network and fellow realtors interested in commercial real estate investing.

Harris Trail is a full-time entrepreneur, investor, and licensed real estate agent. Harris has been a part of the success of multiple startup companies since starting his entrepreneurial journey at age 16. He leverages this experience to develop efficient systems that scale, value-based marketing strategies, and acts as the backbone for Visioneer Capital's exceptional user experience.

Outline of the episode:

[01:56] How Ethan and Harris began with entrepreneurship

[03:49] How they shifted from wholesaling to multi-family

[06:55] What goals to set on how much amount time

[12:52] Importance of partnerships with aligned visions

[16:18] Importance of following a system

[19:57] The right place to get the right information

[25:34] How systems translate to deals

[39:00] How to make adjustments to reach goals

[41:38] Advice for young entrepreneurs

[46:42] Fire Round, book recommendations, and other questions

Resources:

● Website

● Facebook

● Instagram

Connect with The Cashflow Project!

http://tricityequity.com/ https://www.facebook.com/tricityequity/?ref=br_rs https://www.instagram.com/tricityequity/ https://www.youtube.com/channel/UCmHtQmPpl5MtUG1LCpzIqGQ https://www.linkedin.com/in/tricity-equity-group-21877a1a7/

Finding your competitive advantage with Bernard Pierson

Tue, 21 Dec 2021 12:14:31 +0000

Join Vince with his guest Bernard Pierson as he shares how discovering his competitive advantage shortened his way to a successful real estate footing. Bernard knows what role the Latin American demographic plays in the real estate industry. Understanding their behavior in the real estate space here in the US—like it's the back of his hand—has been Bernard's weapon when it comes to forming perfect deals. In this episode, Bernard expounds on the American Dream, the boons and banes with entrepreneurship and real estate, his experience of jumping from LP to GP, and the potential of the Latin American market in the American real estate field. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [02:05] Developing in Nicaragua and Costa Rica

● [03:32] Is the American dream still valuable today?

● [05:03] Entrepreneurship vs. Real Estate

● [08:16] The challenges and obstacles to entering the multifamily space

● [12:40] Taking the jump from an LP to GP

● [18:12] On getting involved with asset management

● [22:42] There is great potential in introducing Latin America to the multifamily space here in the US

● [26:12] Every time condo prices rise…

● [31:31] The book Best in Class, by Kyle Mitchell and Gary Lipsky

● [35:43] Take real estate one step at a time

● [38:46] Finding your competitive advantage shortens your way to success

Resources:

● Website

● Syndicating is a Bitch, Book by Bruce Petersen

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

Living the Last Life Ever with Jeff Holst

Tue, 14 Dec 2021 11:00:05 +0000

Join Duc and Steve as they chat with Jeff Holst about living the best life by making the most of our investments. Jeff is an attorney, a real estate investor, and a business coach. He co-hosts and founded the Last Life Ever Podcast, covering many motivational materials and stories. As the original “Last Lifer,” Jeff has a passion for helping people live the best possible version of their lives, whatever that may look like to them. After all, at Last Life, they believe that we owe it to the world, our loved ones, and, most importantly, ourselves to live our best life so that others can do the same. And today, Jeff shares his journey, from rising from his health crisis, creating the side-eight investment structure, and finding success in multifamily real estate. As always, there’s a lot to take away from this episode, so tune in and enjoy!

About Jeff Holst:

Jeff Holst is a recovering attorney who spends his time as a podcast host and real estate investor. Jeff graduated early and with honors from Michigan State College of Law and now holds an M.B.A. At 30 years old, he checked the last item off his bucket list by climbing Machu Picchu. And after traveling the world, he felt like he was on top of the world. Jeff even had a beautiful house in the suburbs and a thriving law practice.

Outline of the episode:

● [00:00] How Jeff Holst got started in his real estate journey.

● [01:57] Jeff’s “why” behind building passive income.

● [02:50] What his portfolio consists of and the markets he is in.

● [03:24] How Jeff structures his partnered syndications.

● [05:04] The advantages of using the side-eight structure.

● [07:51] Where Jeff thinks the future of real estate is heading.

● [09:21] The dynamics of our economy with money printing.

● [12:04] How he ended up in Chattanooga, Tennessee.

● [14:06] Getting ready to move to Puerto Rico.

● [16:54] How his health crisis impacted his journey to now.

● [21:46] What is Jeff Holst’s favorite bourbon.

● [22:34] The best book he can recommend and his superpower.

● [23:08] The biggest lesson Jeff has learned over his career.

● [23:40] His advice for working professionals to achieve financial freedom.

Resources:

● Website

● Facebook

● Instagram

● Total Recall by Arnold Schwarzenegger

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

The Hawaii Millionaire Mindset Conference: “The Blueprint” will be happening here in beautiful Hawaii next year, July 21st-24th, 2022. Join top industry leaders for motivation, training, and of course, lots of networking. Early bird specials are happening now, so if you want the absolute best pricing, go to https://www.millionairesmindsetblueprint.com/ to find out more.

Generating Steady Streams of Income with Camilla Jeffs

Tue, 07 Dec 2021 11:32:09 +0000

Join Vince with his guest Camilla Jeffs of Steady Streams Investments as she talks about her humble start to enabling steady income streams in her life. Camilla recalls that one of the biggest mistakes she made as an investor was to believe that 'all debts are bad.' As a result, they got rid of their single-family properties. If Camilla had not listened, those properties would be worth millions of dollars today. In this episode, Vince and Camilla talk about how consumer debt differs from debts you can leverage, the initial challenges to investing in bigger multifamily properties, why five million non-recourse loans are easier than car loans, and Camilla's fresh and unique take on living outside the comfort zone. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:28] What woke up Camilla's appetite for real estate?

● [04:08] A classic live-and-flippers dream for apartment complexes

● [08:37] How to make your brain figure out ways to turn "I want's" to "I have's."

● [12:57] Camilla's Two Big Whys in Life

● [17:39] The hurdles in getting into the bigger multifamily deals

● [21:42] General partners and passive investors leverage on each other

● [25:39] 'All debt is bad,' is a severely flawed belief!

● [30:10] Loans for large multifamily properties are easier than car loans

● [33:12] If you passively invest early, you retire early.

● [36:12] Camilla Jeff – on the book The Charge

Resources:

● Website

● Instagram

● Linktr.ee

● The Charge: Activating the 10 Human Drives That Make You Feel Alive, Book by Brendon Burchard

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Make sure you don't miss the Hawaii Millionaires Mindset Blueprint Conference this July 2022. Buy your tickets right here!

Retired in 3 Yrs, flipping to financial freedom with Daniel Kong

Tue, 30 Nov 2021 11:00:09 +0000

Join Steve as he chats with Daniel Kong about getting started flipping houses to achieve financial freedom. Daniel is an active real estate investor who quickly scaled his portfolio using creative strategies along with the BRRRR method. In addition, he has a passion for coffee, learning, and talking about anything real estate. However, his primary focus is building a passive income rental portfolio through fix-and-flips utilizing BRRRR. Today, Daniel shares how he came up with his now solid investment strategy and other ongoing projects. As always, there’s a lot to unpack in this episode, so stay tuned and enjoy the show!

About Daniel Kong:

Before coming across Rich Dad Poor Dad, Daniel Kong knew nothing about real estate or investing. And while he was financially responsible, Daniel never understood how investing worked or what it could do for him. But after reading the magical purple book, he soon started deep-diving into the world of real estate, from reading three books a week to listening to podcasts. Daniel then made it his goal to build passive income streams and eventually quit his W2, including rental properties, stocks, and the list goes on. He spent his first year learning as much as possible before starting any projects. But of course, getting started is never easy. Still, after going through the process of doing minor rehabs, Daniel gained the confidence he needed to go full-throttle, building his portfolio and achieving financial freedom.

Outline of the episode:

● [01:12] How Daniel Kong got started on his cash flow journey.

● [02:13] What drove Daniel to pursue real estate investing.

● [04:33] How he decided what investing strategies to use.

● [06:59] His advice for people wanting to invest long-distance.

● [10:28] Solutions to working with people on long-distance projects.

● [14:03] His transition from investing out-of-state to his home market.

● [18:28] Other cool projects Daniel is currently working on.

● [24:43] The impact of the pandemic on the real estate industry.

● [29:57] How COVID has affected his business, managing properties.

● [33:14] What is next for Daniel Kong in his real estate journey.

● [37:30] The best book that Daniel can recommend.

● [38:23] His superpower of building systems for anything.

● [39:03] The biggest lesson he has learned over his career.

● [40:09] Daniel Kong’s advice when working towards financial freedom.

Resources:

● Instagram

● Long-Distance Real Estate Investing by David Greene

● Buy, Rehab, Rent, Refinance, Repeat by David Greene

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Success with Short Term Rentals with John An

Tue, 23 Nov 2021 11:00:13 +0000

Join Steve as he chats with John An about utilizing and combining different tools to manage short-term rentals efficiently. John is the president of Ohana Stay LLC, specializing in asset management around the Hawaii area. Ohana Stay LLC provides investors with opportunities to generate immediate net positive cash flow and build long-term equity and value. The company was founded on the core principle that guests deserve a clean and comfortable home away from home during their visit to the beautiful state of Hawaii. Ohana Stay prides itself on providing its guests with a seamless experience, the feeling of settling into one of our fully furnished and fully stocked properties while enjoying the “Aloha” of the “Āina.” As always, there’s a lot to take away from today’s episode, so tune in and enjoy!

About John An:

John An is a short-term rental industry expert with particular expertise in optimizing and customizing the technology stack, driving up revenue, and continually streamlining operations. Experienced in building and operating a short-term rental brand from the ground up, John has generated multi-million dollar annual revenue laser-focused on profit-first. He even leverages his own short-term rental company as a fertile testing ground to experiment with new systems and approaches, developing creative solutions to solve operators’ pain points.

Outline of the episode:

● [02:54] How John An got started on his real estate journey.

● [05:44] The benefit of building systems for property management.

● [07:53] What motivates John to invest and establish cash flow.

● [11:41] The tools that helped John operate his business more effectively.

● [16:07] How technology has changed the game for real estate investing.

● [19:42] The influence of technological innovations on the short-term rental market.

● [22:14] Focusing on revenue management to drive returns through the roof.

● [25:05] Employing revenue management versus using management software.

● [27:04] How the pandemic has impacted their operations in Ohana Stay LLC.

● [30:38] Being nimble and applying your skills to adapt to any new normal.

● [34:34] What John An sees on the horizon for his investing journey.

● [37:31] The best book John can recommend to the audience.

● [38:16] His superpower of making connections with industry professionals.

● [38:50] The biggest lesson John has learned over his career.

● [39:25] His advice to attain financial freedom for the busy working professional.

Resources:

● Website

● LinkedIn

● The Lean Startup by Eric Ries

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Private banking and Commercial lending with Jill Rodriguez

Tue, 16 Nov 2021 11:08:25 +0000

Join Vince with his guest Jill Rodriguez, the Vice President of Private Banking and Commercial Services at Frankenmuth Credit Union, as she talks about everything you need to know as a real estate investor when lending. For Jill, if there's one thing that borrowers need to understand, that is it's critical to treat your lender as your future business partner. They're not the only ones who should get to know you; you should also be prepared on how you can get to know them better. In this episode, Jill simplifies the concept behind credit unions and commercial banks. She also talks about how risk factors form from union to union, the purpose of credit scores, the layout of the whole lending process, what lenders consider red flags, and so much more. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:47] What is private banking?

● [05:21] How different are credit unions from commercial banks?

● [10:40] Everyone has their own risk factors unique to them

● [15:21] Vince Gethings – on turning to lenders and community banks

● [20:18] Who pays attention to your credit scores?

● [26:26] This is why you should have a network of partners and mentors

● [30:08] Commercial building rentals before and after 2020

● [33:45] The red flags that lenders watch out for

● [39:16] Jill Rodriguez – on the overview of the lending process

● [44:20] Jill's biggest piece of advice to anyone applying for a loan

Resources:

● Website

● LinkedIn

● Read The Essays of Warren Buffett: Lessons for Corporate America, Book by Warren Buffett

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Stop Trading Your Time for Money with Eric Martel

Mon, 08 Nov 2021 11:00:17 +0000

Join Vince with his guest Eric Martel as he speaks about the most tested and proven way to stop trading your time for money. The majority of us today overwork hours on end to receive compensation that always seems to be "just right" for the lives we live. If we keep it at that, when does one stop working? In this episode, Eric shares what defined benefit retirement plans are and why they're phased out, the general perception of millennials on retirement, what you need to understand before chasing passive income, the lessons from the dot-com crash, and everything about his book "Stop Trading Your Time for Money." There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [02:02] What is an actuary?

● [06:12] The difference of a 401(k) from defined benefit pension plans

● [11:51] Why you sometimes can’t retire early

● [18:31] What kind of investment do you need to have?

● [23:44] Assess the resources that are available to you

● [29:45] When is the right time for you to jump onto other investments?

● [35:56] Single-family rentals are very different from single-family homes

● [41:08] Eric Martel – the lessons from the dot-com crash

● [49:27] Why Vince cut cords with Wall Street

● [54:02] Stick to what works and makes you money

Resources:

● Website

● Instagram

● Facebook

● Get your copy of Stop Trading Your Time for Money, Book by Eric Martel

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

The Hawaii Millionaire Mindset Conference: “The Blueprint” will be happening here in beautiful Hawaii, next year, July 21st-24th 2022. Come join top industry leaders for motivation, training, and of course, lots of networking. Early bird specials are happening now so if you want the absolute best pricing, go to https://www.millionairesmindsetblueprint.com/ to find out more.

The Anti-Financial Plan with Chris Miles

Tue, 02 Nov 2021 10:04:52 +0000

Join Vince with his guest Chris Miles as they talk about why you should go against what financial advisors teach, from an experienced former financial advisor himself. In a time where retirement seems dangerous to many people today, Chris shares the story of how quitting his career as a financial advisor allowed him to attain financial independence twice. Today, Chris talks more knowledge about why banking on appreciation is a big gamble, the flywheel concept from the book Good to Great, what doesn't make you a conservative investor, how you can make your investment pay you twice, and the loopholes of financial advising that made him choose to exit. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:45] Chris Miles – on going against everything he learned as a financial advisor

● [04:15] From teaching people how to get out of the rat race to teaching resourcefulness

● [09:08] The Financial Advisor's Mindset

● [14:26] But that's not value add…

● [18:02] The most expensive rip-off insurance policy I could've ever bought

● [23:03] They'll tell you that you're paying yourself

● [28:04] What is the Flywheel Concept?

● [33:46] Appreciation is the gravy on top!

● [38:11] Turn your mind away from what everybody's saying

● [42:23] I'm a teacher!

Resources:

● Money Ripples | Create Freedom & Prosperity Today

● The Chris Miles Money Show

● Good to Great: Why Some Companies Make the Leap, and Others Don't

● Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Short Term Rental Development with Alex Jarbo

Tue, 26 Oct 2021 10:00:10 +0000

Join Vince and Matt as they chat with Alex Jarbo about what goes into developing short-term rental properties and marketing their listings. Alex is a military veteran, a program lead specialist, and a licensed real estate professional at Keller Williams Realty Inc. While advocating for online education, he serves as the Operations and Property Manager at Recession Proof Property Partners. Alex successfully merged military and real estate experience with specialized leadership As always, there’s a lot to unpack in this episode, so stay tuned and enjoy the show!

Outline of the episode:

● [01:11] Why Alex Jarbo chose to invest in real estate as opposed to other assets

● [04:06] How even the best business plan can fail in an unstable market

● [05:53] What prompted Alex to start investing while in the military

● [09:27] Closing his first deal and other challenges he faced along the way

● [12:20] Using recourse debt when making commercial loans

● [14:36] Finding the right lenders and building relationships with them

● [17:30] How to get past the usual mental plateau new investors get stuck at

● [20:36] Landing on the real estate market in Asheville, North Carolina

● [22:47] What to look out for when choosing any type of real estate market

● [27:43] Managing properties and pitching deals to new investors

● [30:59] How Alex funds different costs on a property with loan products

● [32:42] His target size of property and number of guests in a listing

● [34:42] Furnishing, underwriting, and marketing short-term rentals

● [37:47] The value of having a direct booking website for your rentals

● [42:10] The biggest mistake Alex has made in his real estate journey

● [44:21] What books Alex Jarbo recommends people read

● [45:30] His superpower of connecting the dots and putting deals together

● [47:39] The biggest lesson Alex learned so far over his entire career

● [49:49] His advice on working towards financial freedom as a busy working professional

● [51:08] How you can get in touch with Alex to learn more about him and his work

Resources:

● LinkedIn

● YouTube

● The ONE Thing by Gary Keller and Jay Papasan

● The Miracle Morning by Hal Elrod

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Road to 100 businesses with Dearonne Bethea

Tue, 19 Oct 2021 10:00:16 +0000

Join Vince as he chats with Dearonne Bethea about managing a hundred successful businesses. Dearonne is the founder and CEO of the Band of Brothers Investment Group. He also serves as the Director of Acquisitions and key principle at Tri-City Equity Group. So far, Dearonne has built a vast portfolio of 925 multifamily units and private equity deals due to the leadership and strategic, operational skills he learned in the military. He even founded a non-profit organization that holds community outreaches, offers internship opportunities for young adults that need a second chance, and provides housing for low-income families. Today, Dearonne also shares his journey, from joining the military, learning simple investing, and eventually branching out to alternative means to generate income. As always, there’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

About Dearonne Bethea:

Dearonne Bethea is a corporate business owner, real estate investor, founder/CEO of Band of Brothers Investment Group, Acquisitions and Key Principal for Tri-City Equity Group, and a Chief Warrant Officer Three in the US Army. By applying the leadership, strategic, and operational skills he obtained in the military to his personal life, he has created a portfolio of 925 multifamily units and private equity deals, including hotels, senior assisted living, student housing, and fitness centers.

In 2016, Dearonne created the non-profit organization, “The Dearonne and Pamela Bethea” Foundation, which focuses on community outreach, entrepreneur internship opportunities for young adults that need a second chance, and housing for low-income families.

Outline of the episode:

● [01:27] Dearonne Bethea’s life growing up before serving in the military

● [03:54] Finding his first mentor and working under CSM Mike Sampson

● [08:24] Simple investing and learning how money makes money

● [12:17] Dearonne’s first property and how he got into real estate investing

● [17:49] Buying houses in low-income areas and giving back to his community

● [18:58] His time in Afghanistan and why he educated himself on starting a business

● [22:27] Creating the Band of Brothers and getting into franchising

● [24:43] The value of military experience in operating a branch of Anytime Fitness

● [26:21] Learning alternative investments and creating more income

● [29:24] How Vince’s story to real estate investing is similar to Dearonne’s

● [33:05] The influence of Grant Cardone’s The 10X Rule on Vince and Dearonne’s lives

● [39:26] What Dearonne learned from the biggest mistake he has made in his career

● [43:16] What advice would Dearonne Bethea give to his 20-year-old self

● [46:59] The best book he recommends, his superpower, and the biggest lesson he has ever learned

● [47:28] Dearonne’s advice for the busy working professional on achieving financial freedom

● [48:23] How to get in touch with Dearonne Bethea to learn more about him and his work

Resources:

● Website

● LinkedIn

● The 10X Rule by Grant Cardone

● Money Secrets of the Rich by John Burley

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Seizing opportunity through hotel investments with Mike Stohler

Tue, 12 Oct 2021 10:00:09 +0000

Join Duc and Steve as they chat with Mike Stohler about seizing opportunities through hotel investments. Mike is the co-founder of Gateway Private Equity Group, a hotel real estate investment firm. When the multifamily market shifted in 2016, Mike pivoted into hotel investments for higher returns and better value-add opportunities. And as Mike added to his hotel portfolio, he found ways to scale his real-estate business through hiring virtual team members in Mexico. Soon after, other real estate investors started asking him to help them find similarly qualified personnel, which led him to start Gateway VA. Mike So today, Mike shares how he helps other business owners enhance productivity by hiring highly skilled virtual team members through Gateway VA. There’s a lot to unpack in this episode, so stay tuned and enjoy the show!

Adapting to Change and Accepting Failure

With every downturn, people either adapt to the circumstances or go the way of the dodo. Mike Stohler, however, always picked up new tools and changed his strategies accordingly. And so, in this episode, we touched on how COVID impacted not only Mike’s daily operations but also his acquisition strategy and the tools he uses in hotel investing.

About Mike Stohler:

Mike Stohler is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group, a real estate investment firm whose portfolio has included hotels, multifamily, and residential properties. Between apartment complexes, houses, and hotels, Mike has owned or operated over 1300 units. Seeking value-add opportunities and higher returns, Mike pivoted from multifamily to hotels and now focuses exclusively on this niche.

When Mike first started in real estate investing in 1999, he lacked experience and failed. However, he has created immense change in his business and life through committed action to learn, grow their skills, and help others.

Since his early beginnings, Mike has seen significant financial gain and wealth generation through powerful real estate investing. Passionate about the impact real estate investing has had on his life, Mike leverages his experience to help busy professionals generate long-term wealth through hotel real estate investments.

Outline of the episode:

● [01:06] How and why Mike Stohler started his journey to earn passive income

● [02:57] The difference between investing in hotels as opposed to multifamily

● [05:50] How someone with no experience can get into hotel investing

● [08:07] What types of hotels perform consistently regardless of market conditions?

● [10:09] How and why Mike structures his deal as open funded projects

● [13:06] Adapting to change and accepting failure as another lesson to learn

● [16:02] The impact of COVID on hotel investing and choosing project locations

● [20:43] Why consider getting into hotel investing when diversifying your investments

● [25:51] Evaluating the type of cost and work needed for hotel and multifamily investing

● [31:01] How to run a pro forma with numbers and trends changing amid the pandemic?

● [32:53] Looking into other thriving industries and responding to opportunities in them

● [35:42] Why having a team or mentor is essential in expanding your business?

● [37:25] The best book Mike recommends other than Rich Dad Poor Dad

● [38:42] His superpower of looking at every line of data and digesting it

● [40:09] The most significant lesson Mike Stohler learned over his career

● [42:06] His advice to achieve financial freedom for the busy working professional

● [43:38] How you can get in touch with Mike to learn more about him and his work

Resources:

● Website

● LinkedIn

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Short Term Rental Case Study with Steve Fierros and Matt Callihan

Tue, 05 Oct 2021 11:00:10 +0000

Join Steve and Matt as they talk about a short-term rental deal they closed last July, which just went live this month. The listing is a cabin located in the Coosawattee River Resort, a gated neighborhood with multiple pools, a game room, and other amenities. So far, the multi-floor cabin has been booked well. Hence, they will take us through what the place looks like, and the work put into it. Not only that but Steve and Matt will also explain the other facets of real estate that they dove into to feed their multifamily projects. As always, there’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

Providing Value to Gain Value

At first, Steve and Matt go over some exciting features of their multi-floor cabin listing, from the indoor slide to the game room, the fire pit in the back, the neighborhood amenities, so on and so forth. Most hosts, often new to real estate, would dismiss these features, focusing on the basic amenities of a short-term rental. However, these two saw these features as an opportunity to add value to the listing. As with most short-term rentals, people often book them to take a break from their usual routine. But with the rise of online listings for vacation rentals, standing out among people’s searches becomes more challenging.

Steve said it best with “we only get compensated for anything when we are providing value.” In other words, to stay on top of searches and possibly increase bookings, it is essential for you as the host to provide an experience rather than just another room to spend a few nights in. In Steve and Matt’s case, providing an experience is what they aimed for. Hence, they added an arcade machine to the game room, featured the indoor slide in the listing’s gallery, and emphasized its location’s outdoor amenities. Steve also explained how, with short-term rentals, you could afford to be more active in providing these unique features, unlike with long-term ones, where providing basic amenities is more than enough value-added. In the end, when hosting vacation rentals, providing value through short-term quality experiences yields long-term quality results.

Outline of the episode:

● [01:30] How there are countless different ways to earn in real estate.

● [03:11] The general area of the listing’s location and why it is on top of searches.

● [05:54] Using professional photography and points of differentiation in the listing.

● [08:05] What the game room looks like and why they chose to provide it.

● [09:57] Attracting the widest audience with key features anyone can enjoy.

● [12:01] What the neighborhood is like and why it is essential to include it in the listing.

● [13:49] Finding properties like the multi-floor cabin and the different markets to consider.

● [16:34] The costs that went into closing the deal and rehabilitating the property.

● [18:29] How real estate is not a purely passive way to generate cash flow.

● [21:06] Why you should avoid investing and running a property in your local area.

● [25:10] Partnering up when you lack the money to invest but want to get started.

● [26:49] How you can get involved in Steve and Matt’s multifamily deals.

● The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways, Book by Denis Shapiro

Resources:

● Multi-floor Cabin Listing

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

How to build wealth in non-traditional ways with Denis Shapiro

Tue, 21 Sep 2021 10:00:11 +0000

Join Vince and Matt as they talk with Denis Shapiro about his book, The Alternative Investment Almanac, and why he thinks there is 'magic' in alternative investment. Connecting and networking is a powerful skill and tool when it comes to real estate. But, for Denis, networking shouldn't always just be about your bottom line. When you can provide value for others, you are already on your way to making long-term connections. Today, Denis talks more about the pros and cons of investment clubs, his mistakes as an alternative investor, how he networked and invested from scratch, and all the insights he can share on how you can build wealth in non-traditional ways. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:02] Apartment Syndication – the gateway drug to real estate investing.

● [05:17] Feel your first investing experience to gear better for the next.

● [09:24] Why did Denis write the book, The Alternative Investment Almanac?

● [13:24] How do you start a network from zero?

● [18:51] Denis Shapiro on investment clubs.

● [23:16] From investment club to hedge fund.

● [26:34] My worst investment was also my best investment!

● [32:11] Alternative investing is where the magic happens!

● [35:56] Denis Shapiro on the book, The Five Love Languages.

● [39:09] Focus on the quality of your after-work life and not on your checklist after retirement.

Resources:

● SIH Capital Group

● The 5 Love Languages: The Secret to Love that Lasts, Book by Gary Chapman

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Luxury Short Term Rentals with Alex Sabio

Tue, 07 Sep 2021 10:00:07 +0000

Join Vince and Matt as they chat with Alex Sabio about how he attained his own definition of freedom through luxury short-term rentals. Since 2002, Alex has worked as a Respiratory Therapist in one of the best-paying hospitals in the field. But, despite the high income, for Alex, it felt miserable. To satisfy the itch of doing his own thing, Alex got into real estate investing and focused on cash flow. Now, Alex shares about how he learned his way into real estate, how he self-manages his properties when they're miles away, and how investing in short-term rentals replaced his income and helped his wife retire from her W-2 job. For Alex, when you have limiting beliefs, sometimes you just have to poke around and see the many people who broke through those issues. Once you do, you go to those people and learn from them. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [03:08] How do you transition from a W-2 job to real estate?

● [05:02] The most worthwhile investment for Alex

● [07:28] Listen to your professionals – the right thing to do

● [11:22] How is the property doing in the market currently?

● [15:50] The thing with short-term rentals

● [20:09] What is financial freedom to you?

● [24:50] Alex Sabio on confidence and underwriting

● [28:26] During the busy seasons, price high and be patient

● [32:19] Do you need conventional loans?

● [37:00] You need to be comfortable with being uncomfortable

● [40:47] Can't hurt me, by David Goggins

● [45:00] If you're going to dive into it, dive all in

● Health Care Professionals Real Estate Investors Facebook Group

Resources:

● Facebook

● Instagram

● Can't Hurt Me, Book by David Goggins

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Money Partner Formula with Dave Dubeau

Tue, 31 Aug 2021 10:02:40 +0000

Join Duc and Steve as they chat with Dave Dubeau about diversifying with sale-leasebacks in industrial real estate. Dave is a real estate entrepreneur, best-selling author, speaker, and investor attraction expert in British Columbia, Canada. He is also the owner of Results Enterprises Inc., a real estate education, training, and consulting company that provides a proven solution for investors looking to raise private capital. They teach you to secure funding by attracting motivated money partners rather than relying on cold-calling and networking, which brings us to Dave’s book, Investor Attraction. Today, he shares what experiences led to his book’s creation and how to create a regular flow of inbound investor inquiries about your deals. There’s a lot to unpack in this episode, so stay tuned and enjoy the show!

About Dave Dubeau:

Dave Dubeau began his real estate investing career in 2003, doing 18 deals in 18 months. Dave later switched his focus to client-first rent-to-own deals, and nowadays, he invests in multi-family properties. For the last several years, Dubeau has been a leading authority on helping mom-and-pop real estate investors to find money partners and raise capital.

Using his proprietary “5 Step Money Partner Formula”, Dave helps his real estate entrepreneur clients grow their portfolios significantly and in record time by attracting investors instead of chasing after them. Not only that, but his company, Results Enterprise Inc., has helped hundreds of entrepreneurs worldwide by skyrocketing their capital-raising processes. At this point, they have assisted their clients in raising millions of dollars cumulatively.

Outline of the episode:

● [00:53] How and why Dave got started in his journey to earn passive income

● [03:07] What the “rent-to-own” strategy is and how to qualify for it

● [04:57] His transition to raising capital for his larger projects like new construction

● [05:58] The philosophy behind his proprietary five-step process to raising capital

● [08:25] How the five-step process works and the value of experience in real estate

● [12:58] The challenges real estate investors face as busy working professionals

● [15:07] Why you should focus on attracting investors rather than chasing after them

● [17:42] The biggest obstacle Dave has faced in his real estate career so far

● [19:52] His experience navigating the real estate space amid the ongoing pandemic

● [21:20] Where Dave Dubeau sees the future of capital-raising

● [24:32] The best book Dave recommends and his superpower of simplification

● [25:36] Dubeau’s advice for the busy working professional to achieve financial freedom

● [26:21] How you can get in touch with Dave Dubeau to learn more about him and his work

Resources:

● Website

● LinkedIn

● Investor Attraction by Dave Dubeau

● The Ultimate Sales Machine by Chet Holmes

● Who Not How by Dan Sullivan

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Best in Class Asset Management with Gary Lipsky

Tue, 24 Aug 2021 10:00:17 +0000

Join Vince as he chats with Gary Lipsky about mastering class asset management. Gary is a real estate entrepreneur who focuses on multifamily syndication. So far, he manages about 41-billion dollars worth of assets with more deals in the pipeline. Gary is also the president of Break of Day Capital, which aims to positively impact its investors’ lives and communities through a high level of transparency and fiduciary responsibility. He also hosts The Real Estate Asset Management Podcast, where they bring in other real estate experts to educate both aspiring and veteran asset managers. Today, Gary will also talk about his book, Best In Class, which he co-authored with Kyle Mitchell. “Best in Class” lays out the foundations for creating better systems so that you can take control of your property and build wealth for you and your investors. There’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

About Gary Lipsky:

Gary has been a real estate investor since 2002 and has invested in over 1900 units with $65MM AUM. Gary is also the Co-Founder of the Asset Management Summit, Real Estate Asset Management Podcast, and Co-Author of the book Best in Class. His expertise in asset management is his secret sauce, and he started developing those skills at a young age.

Outline of the episode:

• [01:42] Who Gary Lipsky is and how he got to where he is today

• [03:12] The “why” behind Gary’s new venture into passive income

• [05:04] What drew him to asset management and eventually teaching it to others

• [07:40] What “Best In Class” is about and some of Gary’s favourite topics in it

• [10:14] How making your property managers a part of your team sets them up for success

• [12:54] The importance of holding people accountable and effective ways to do so

• [14:35] The value of being able to pivot from a business plan that no longer works

• [21:32] How to get the most of your properties’ utility savings by applying for grants

• [19:24] Why being flexible is essential in becoming a good asset manager

• [26:58] His experience managing assets and running properties amid the pandemic

• [29:19] Why passive investors nowadays should chase good operators and not IRRs

• [33:58] How you can get in touch with Gary Lipsky to learn more about him and his work

• Best in Class HYPERLINK "https://www.amazon.com/gp/product/B096YS1HYX"by Kyle Mitchell and Gary Lipsky

Resources:

• Website

• LinkedIn

• Facebook

• Instagram

Connect with The Cashflow Project!

• Website

• LinkedIn

• Youtube

• Facebook

• Instagram

Diversifying with sale leaseback industrial real estate with Drew Wahlgren

Tue, 17 Aug 2021 11:12:03 +0000

Join Duc and Steve as they chat with Drew Wahlgren about diversifying investments with sale-leaseback deals and their rise in popularity in today’s industrial real estate market. Drew is a real estate investor and the Director of Capital Markets at MAG Capital Partners. The commercial real estate firm specialises in industrial sale-leaseback structured investment and development. At MAGCP, Drew provides private, cash-flowing direct assets of commercial real estate. He also works with investors and lenders alike to provide the equity needed for their investments. After all, Drew believes that aligning capital markets in both debt and equity can help scale acquisitions in commercial real estate. Today, he shares with us his experiences, from managing different tenants to working with an in-house credit analysis team. There’s a lot to unpack here, so stay tuned and enjoy the show!

Learning is Half the Battle

Drew Wahlgren has had numerous entrepreneurship experiences. Among those experiences, one valuable lesson he has learned is that the best way to get started in real estate is to be interested enough to ask questions. People often know enough about a business before getting into it, and while this may be true to a certain extent, some people take preparations too far that they forget to even start in the first place. After all, everyone starts somewhere, and the best way to learn is to find out what works for you in practice. Sure, there may only be 24 hours in a day, and you don’t have to do everything in those 24 hours.

About Drew Wahlgren:

After eight years of working as a risk analyst and passively investing in real estate, Drew Wahlgren left the corporate world and jumped into commercial real estate. He started his journey as an entrepreneur at 21, after earning his BS in Finance from CSU Hayward. Nowadays, Drew enjoys educating investors on alternative investments, specifically net lease real estate at MAG Capital Partners.

Outline of the episode:

● [00:51] What led Drew to pursue entrepreneurship.

● [01:52] The fundamentals of sale-leasebacks and how secure it is for cash-flow.

● [04:10] Why a tenant would take a sale-leaseback deal as opposed to others.

● [08:08] How to conducts credit analysis on tenants and the benefits of an in-house team.

● [13:46] The different tenants who occupy their properties and their buyer’s perspective.

● [19:01] What do their hold periods look like as they managed varying tenants.

● [23:32] The biggest risk in managing time during holing periods for value-added units.

● [26:00] Where Drew sees the future of the sale-leaseback space going.

● [28:57] How sale-leasebacks are growing in popularity due to the influx of investment opportunities.

● [31:55] The best book Drew recommends other than Rich Dad Poor Dad.

● [33:19] Drew Wahlgren’s superpower of being a fantastic cook.

● [34:08] The most important lesson he has learned over his career.

● [35:57] His advice for the busy working professional to achieve financial freedom.

Resources:

● Website

● LinkedIn

● Am I Being Too Subtle by Sam Zell

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Using cutting edge technology to bring CRE financing into the 21st Century with Tim Milazzo

Tue, 03 Aug 2021 11:00:20 +0000

Join Vince as he chats with Tim Milazzo about technology integration to Commercial Real Estate Financing. Tim is the co-founder and CEO of StackSource, a company that brings modern technology to CRE Financing. Combining his background in advertising technology with his family’s history in real estate birthed the company. Today, Tim shares how this advancement in technology has made the current system efficient. There’s a lot to unpack, so stay tuned and enjoy the episode!

Do More with Technology

Among the problems faced by real estate investors and other players in the industry is the lack of transparency in financing. Knowing what commercial loans are available is a mystery that can only be solved by calling the right guy. Seeing the opportunity that technology can solve, Tim built StackSource to establish transparency in the process of finding lenders. Its efficiency is far better than manual work as the platform can tailor multiple matched lenders with a click of a button. StackSource works with investors because they look for the best financing, lower interest rates, higher leverage, lighter prepay, less recourse, among others. It is a faster way to look for deals that have the best value for their money.

How does it work? Deals come to StackSource in two ways: getting introduced to a capital advisor or discovering it online. The majority of people find the platform online, so Tim and his team are optimizing the website to be seen from various sources. Once accessed, their web platform asks some questions so results can be tailored according to preference. By the end of the questionnaire, lenders are matched based on location, size, deal metrics, and others from the 79-item criteria. StackSource also uses the information to generate a lender package vetted, approved, and tweaked by a capital advisor. The efficiency and transparency are there as the platform provides multiple deals that are accurate and from reliable sources.

About Tim Milazzo:

Tim is the co-founder & CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform, recruited Nathan as a co-founder, and built the company. Prior to StackSource, Tim worked for tech giants Facebook and Google, where he helped expand B2B marketplaces in ad tech. Years ago, he interned at a top NYC real estate company before the current real estate tech wave. He comes from a family with a history in real estate.

Outline of the episode:

· [03:17] The right time for somebody doing CRE to engage StackSource

· [12:20] How StackSource is different from other competitors

· [16:15] Current market situation in terms of lending at the time of COVID

· [21:14] StackSource’s niche and sweet spot when it comes to deal sizes

· [25:51] What specialty StackSource plays in the capital stack

· [29:04] Ways to cope up from low-interest rates and long-term debts

· [35:06] New features in the works for the StackSource platform

· [37:36] Book recommendations and other questions for Fire Round

Resources:

· Twitter

Connect with The Cashflow Project!

Getting creative in the ultra hot Phoenix market with Jon Stark

Tue, 03 Aug 2021 10:01:42 +0000

Join Vince as he chats with Jon Stark about getting creative in the ultra-hot Phoenix market. Jon is a commercial real estate broker focused on industrial product types and off-market multifamily deals. After working in the restaurant industry for so long, he thought of starting a new venture in real estate by wholesaling houses and eventually becoming a broker. But Jon saw that many people from his circle of influence owned and operated multifamily units. And so, about a year ago, he joined Jake and Gino LLC, hoping to transition to the owner-operator side as soon as possible. Today, Jon shares his journey, from flipping houses, brokering deals, and getting into multifamily real estate. There’s a lot to unpack, so stay tuned and enjoy the episode!

About Jon Stark:

Jon is a real estate entrepreneur and an experienced commercial real estate broker. He started his career in commercial real estate as an investment sales specialist with Marcus & Millichap, brokering the acquisition and disposition of industrial properties for one of the top-grossing teams in the firm. Jon is still an active broker with Voit Commercial Real Estate in San Diego, specializing in industrial and multifamily product types.

Outline of the episode:

· [01:11] What drove Jon to pursue multifamily not as a business but as a personal goal

· [04:51] How office leasing is still a resilient asset class despite being a niche market

· [07:17] The biggest hurdle he had to overcome when getting into multifamily

· [10:10] An overview of the first deal Jon ever closed, from the business plan to the numbers after

· [14:17] The value of a good broker-investor relationship when trying to close a deal

· [19:25] The business structure of his first deal and the stabilized value on the pro forma

· [25:18] How relying on the pro forma helped Jon get creative in the Phoenix market

· [27:38] The importance of developing your team to make sure you get the right people in the right spot

· [29:31] Jon Stark’s outlook on the commercial real estate industry

· [32:05] What the next five years working in multifamily look like for him

· [34:11] The best book Jon recommends other than Rich Dad Poor Dad

· [35:24] Jon’s superpower of being relentless in his approach and believing in his “why’s”

· [36:00] The most important lesson he has learned over his career

· [38:06] Jon Stark’s advice to achieve financial freedom for the busy working professional

· [39:14] How you can get in touch with Jon and learn more about him

Resources:

· Extreme Ownership by Jocko Willink

Connect with The Cashflow Project!

Single Family BRRRR mastery to Commercial Operators with CJ Calio

Tue, 20 Jul 2021 10:02:52 +0000

Join Vince and Steve as they chat with CJ Calio about mastering the single-family BRRRR method and transitioning to commercial leasing. CJ is a licensed real estate agent, a buy-and-hold specialist, and the owner of WNN Properties LLC. WNN Properties focuses on buy and hold, out of state, long term cash flow for investors. Here, they provide real estate mentorship and consulting for those who want to grow their portfolio with limited capital. Not only that, the company is run by active real estate investors who will lead through action and hold clients accountable to achieve their goals. Today, Cj shares his journey, from working W2 jobs to becoming a full-time real estate investor. So, if you are looking to build your investing portfolio, stay tuned and enjoy the episode!

About CJ Calio:

CJ Calio is a buy-and-hold, out-of-state specialist who focuses on creating portfolios of cash-flowing-producing properties. CJ and his wife, Jasmine, are the proud owners of WNN properties LLC, a mentorship/consulting company that works with busy professionals to create passive income through real estate. WNN Properties has done over 600 transactions in real estate valued at over 20 million dollars in the past six years.

CJ and Jasmine have recently quit their day jobs and live their dream of being full-time investors while spending more time with their three beautiful children. CJ has over five years of trained experience in marketing and sales as a real estate agent. Meanwhile, Jasmine holds a master’s in business and another in adult education. In addition, they hold monthly meetups called the West Side Meetup Kapolei and speaking events all over the island.

Outline of the episode:

● [02:05] What got CJ into real estate investing, and why he pursued passive income

● [05:49] The biggest obstacle that he had to overcome along his cash flow journey

● [09:42] The power of networking and why CJ got into commercial rental properties

● [14:04] How he used the BRRRR strategy as a pivoting point into larger-scale deals

● [17:15] The advantages of using cash when competing with other investors

● [18:28] CJ’s story behind their major commercial BRRRR, one of his favorite deals

● [22:18] Why having problem-solving skills is essential in becoming a successful entrepreneur

● [24:48] How he navigated through 2020 with a niche market like commercial properties

● [26:49] What to keep in mind when transitioning from a residential market to a commercial one

● [29:50] CJ’s experiences working with his spouse and running a business together

● [31:48] The best book CJ Calio recommends to the audience

● [32:50] CJ’s superpower of persistence and its influence on his vetting process for potential “elite connectors”

● [36:53] The most important lesson he has learned in his career so far

● [37:43] His advice for the busy working professional to achieve financial freedom

● [39:03] The best way you can get in touch with CJ Calio and learn more about his company

Resources:

● Extreme Ownership by Jocko Willink and Leif Babin

● LinkedIn

● Instagram

● The Dichotomy of Leadership by Jocko Willink and Leif Babin

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Black bears, Fritos, and Multifamily Investing with Greg and Kim Scully

Tue, 13 Jul 2021 10:02:28 +0000

Join Matt and Steve as they chat with Greg and Kim Scully about the importance of knowing yourself as an entrepreneur and the value of partnerships in advancing your career in multifamily investing. Greg and Kim are entrepreneurs, investors, and teammates at Real Wealth Solutions. While Greg co-founded Real Wealth with Darren Light, Kim manages operations as the company’s principal. Here, they actively seek both flipping and multifamily investment opportunities in central and eastern Tennessee. As for their portfolio, Greg and Kim have an ownership interest in more than 150 units in Tennessee and Indiana, all while participating in land development projects in South Carolina. Today, they share their thoughts and experiences on how real estate and marriage are very much alike. There’s a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

• [02:55] How Greg and Kim got started on their journey to earning passive cash flow

• [06:22] Their motivations as individuals and as a couple to invest in long-distant properties

• [08:47] Owning real estate properties as pieces of their legacy and generational wealth

• [11:39] What it was like working together as a married couple in their business

• [14:56] The problem of genuine interest when getting you and your family into real estate

• [16:25] Significant obstacles they faced when developing their portfolio and starting their business

• [19:29] How Greg and Kim decided that multifamily was the real estate asset they wanted to pursue

• [23:17] The value of partnerships in advancing their career and efforts in multifamily

• [27:27] How real estate and marriage are alike and what to avoid when partnering up with somebody for deals

• [31:17] The importance of knowing yourself as an entrepreneur before getting into partnerships

• [32:14] How Greg and Kim changed their portfolio management amid the pandemic

• [38:45] The best books that Greg and Kim Scully recommend to the listeners

• [40:11] Greg and Kim’s superpowers and how they balance each other

• [42:40] The most significant lessons they each learned over their career

• [45:21] Their advice on how to achieve financial freedom for the busy working professional

• [51:08] How you could learn more or even reach out to Greg and Kim Scully

Resources:

• Company Website

• Greg’s HYPERLINK "https://www.linkedin.com/in/gregjscully/"LinkedIn

• Kim’s LinkedIn

• Real Wealth Solutions Podcast

• Daring Greatly HYPERLINK "https://www.amazon.com/Daring-Greatly-Courage-Vulnerable-Transforms/dp/1592408419" by Brené Brown

• As a Man Thinketh HYPERLINK "https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536" by James Allen

Connect with The Cashflow Project!

• Website

• LinkedIn

• Youtube

• Facebook

• Instagram

Extreme Long Distance Real Estate Investing with Daniel Mills

Tue, 06 Jul 2021 10:00:58 +0000

Join Vince and Duc as they chat with Daniel Mills and discuss how he makes it all possible with people relations and property management, even as an investor working from extreme miles away.

From BiggerPockets, Daniel formed a partnership with a commercial lender and a real estate attorney who he works with on multiple properties up until today. He is currently in Japan. Aside from his team's technical field expertise, Daniel leverages his 'kanban musume' or poster girl persona to consistently attract people into projects.

Today, we listen to Daniel as he speaks about tax advantages, market analysis, the importance of relationship-building in real estate investing, and the boon and bane of being a long-distance real estate investor. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:47] The Book, The Complete Idiot's Guide to Getting Rich; Utilizing time freedom to open more opportunities

● [04:46] On forming the roles and responsibilities within the partnership

● [06:53] When you're investing long-distance, partner with the locals!

● [12:45] Japan's Tax Policy: Write off income from depreciation

● [17:21] Portfolio management and risk assessment amid the pandemic

● [20:18] "What drove me to not be a syndicator."

● [25:43] Lessons from passive and active investments

● [30:22] The obstacles attached to being an extreme long-distance investor

● [34:46] On not starting young and the vitality of market analysis to investing

● [38:03] A testament to the importance of an intelligent market choice

● [40:15] "This business is all about people…."

● [42:10] The general misconception towards syndication

Resources:

● Facebook

● Instagram

● BiggerPockets

● BiggerPockets Money Group

● The Complete Idiot's Guide to Getting Rich, Book by Stewart H. Welch III

● The Millionaire Real Estate Investor, Book by Gary Keller

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

The Marine Investor with Shelon "Hutch" Hutchinson

Tue, 29 Jun 2021 10:00:40 +0000

Join Matt and Vincent, with their guest, Shelon "HUTCH" Hutchinson of H Squared Capital, as they talk about mindset, the relevance of figuring out who you are, and being a highly effective people-person in the business of multifamily investing. Learning who you are gives you the ability to see who you can become. For Hutch, mindset lies in: your realization, acknowledgment, and curiosity for what can become more. When asked about the discipline and approach to investing, Hutch also interestingly compares the multifamily industry to a summer fruit we all love. Tune in today as Hutch discusses how they aim to scale to a thousand units in the next twenty-four months and how essential relationship building is to him as an investor. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:28] Hutch: Who am I as a marine, investor, and spiritual being.

● [03:50] That's where mindset lies…

● [08:07] The accountability partnership before H Squared Capital happened.

● [10:04] On why leaving the island was a game-changer for Hutch.

● [10:54] Multifamily is like taking slices out of a big watermelon – one slice at a time.

● [17:59] Not living by default and having synergy in life is crucial.

● [20:40] The "best and final offers" phase as a hindering factor.

● [22:46] Allow the abundance mindset to influence the relationships you build.

● [32:55] "Between stimulus and response, there's space. In that space, you can choose your response."

● [35:20] Your ability to create relationships can be your superpower; Lead yourself first before you lead others.

● [37:14] "Begin with the end in mind!"

Resources:

● Website

● LinkedIn

● hutch@hsquaredcapital.com

● (850-466-8490)

● The 7 Habits of Highly Effective People, Book by Stephen Covey

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

From engineering to building a real estate empire with Apurva Shah

Tue, 22 Jun 2021 10:01:37 +0000

Join Steve and Vincent, with Apurva Shah of Jays Investments, as they talk about how Apurva built his own real estate brand and business from flipping houses on the side as a W-2 worker in Carolina. As someone who's gone through living in rundown places, Apurva's 'why' currently is to provide affordable and safe housing to low-income earning individuals and families. For a young investor who's proven himself and while separating from his parent's business to scale Jays Investments, Apurva doubles down on the importance of having the right people around you and the self-awareness to acknowledge limitations when it comes to going long in real estate. Listen today to Apurva as he shares more about “Roles” management, the needs to have investing know-how, tenant relations and how they run things differently with mobile home park investing. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [01:46] Learning real estate from parents who are in the business of converting office buildings to luxury condos.

● [06:31] The snowball effect from 1st deals.

● [09:47] Ensuring investor money through conservative investing and due diligence

● [14:20] To provide quality, affordable, and safe housing to low-income tenants.

● [16:54] The Historic Chimes Building in Downtown Syracuse.

● [29:15] The Rumbaugh Estates: How we got into mobile home parks.

● [36:10] On forming roles, responsibilities, and accountability within the team.

● [41:33] This is how a successful and safe community is built…

● [49:13] Whatever role you're currently in, learn from it.

● [54:42] The team or the folks you have around you is your force.

● [56:45] On Apurva's biggest learned lesson from real estate.

● [59:55] "Focus on earning, and not just saving."

Resources:

● Website

● LinkedIn

● The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company, Book by Robert Iger

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Learning how to lose money with Paul Moore

Tue, 15 Jun 2021 17:09:00 +0000

Join Steve and Matt, with Paul Moore of Wellings Capital, as they talk about how he learns 'purpose' and finds joy in his career as a real estate investor. "I've learned a lot more from failure than I have from success."—Paul shares as he talks about his co-hosted podcast entitled: "How to Lose Money?" Here, Paul also talks about the true definition of wealth. For him, wealth comes from investing and not speculating. Today, tune in as Paul explains where joy comes from, how you can fashion self-storage and mobile home parks, and the issue he believes is worth fighting with everyone's resources. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [02:13] Wouldn't it be great to talk about failures too?

● [06:38] "In my 30s, high energy, but not doing much…."

● [09:27] The other shoe dropped when the oil prices dropped by 70%.

● [11:39] From multifamily to mobile home parks to self-storage.

● [17:01] The amenities you can add to mobile home parks.

● [20:51] What else can you add to your self-storage facilities?

● [24:49] About: The Definitive Guide to Smith Mountain Lake Real Estate.

● [27:21] Human trafficking is an evil thing that's worth fighting with everyone's time, money, and effort.

● [30:19] Where does joy come from?

● [34:21] The difference between speculating and investing.

● [39:32] Do what's right for your investors and others, and put it ahead of profit.

● [41:34] On why you should consider not doing real estate on the side.

Resources:

● Website

● BiggerPockets

● The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, Book by Paul Moore

● The Definitive Guide to Smith Mountain Lake Real Estate, Book by Paul Moore

● The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, Book by Brian Burke

● Mastering the Market Cycle: Getting the Odds on Your Side, Book by Howard Marks

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Electrical engineer turned multifamily master with Jorge Abreu

Tue, 01 Jun 2021 10:01:36 +0000

Join Vince and Duc as they chat with Jorge Abreu about how he became a master in the multifamily business. Jorge is the CEO of Elevate Commercial Investment Group and JNT Construction based in Dallas, Texas. Along with his partners, he currently owns over 2,100 units on the GP side and over 2,400 units on the LP side. Before multifamily, he has wholesale opportunities, single-family homes, fixed and flipped over 150 homes, and developed over 20 million dollars worth of ground construction. Today, Jorge shares his story from being an electrical engineer to being a champion in multifamily syndications and more. There’s a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode:

● [00:56] Jorge’s journey from being an electrical engineer to getting into passive income.

● [04:12] Applying traction to the business.

● [05:04] The organizational chart of Jorge’s business.

● [06:12] How having an integrated construction company helps in executing business plan deals.

● [07:09] Growing the business with the help of networking.

● [07:53] How Jorge decided to pick South Dakota as his market.

● [09:03] Jorge talks about his current deals.

● [10:57] Strategies Jorge has applied when getting into different deals.

● [13:35] New projects of Jorge’s company.

● [17:48] Jorge shares how they work with the design of their buildings.

● [21:03] Asset management strategies and ways to extract value and increase NOI.

● [28:32] Jorge’s book recommendations other than Rich Dad, Poor Dad.

● [29:05] Jorge’s superpower and the biggest lesson he learned from his career.

● [29:55] Advice for the busy working professional working towards financial freedom.

Resources:

● Website

● LinkedIn

● Facebook

● Instagram

● Traction: Get a Grip on Your Business by Gino Wickman

● Can’t Hurt Me by David Goggins

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Creative Cash in Multifamily with Bill Ham

Tue, 25 May 2021 10:00:46 +0000

Join Vince and Duc as they chat with Bill Ham about the value of creative financing in property acquisition and the importance of knowing your operating expense ratio. Bill is an in-demand speaker, highly-rated author, and Pheonix Residential Management’s owner and senior manager. He currently serves as the chief operating officer of Broadwell Property Group, a multifamily investment firm based in Atlanta, Georgia. They aim to identify and acquire underperforming multifamily properties in key markets around the Southeast United States. The firm helps provide the capital, tools, and experience needed to renovate and repopulate these assets, transforming them into highly profitable ventures in desirable locations. Today, Bill shares his thoughts on the incoming recession, from what to look out for and how it parallelled the one back in 2008. There’s a lot to unpack, so stay tuned and enjoy the episode!

About Bill Ham:

Bill Ham is the Chief Operating Officer and the driving force behind Broadwell Property Group. With over 20 years of experience in real estate, Bill has a proven track record of identifying, acquiring, operating, and divesting large footprint Multifamily Housing. He can be seen and heard on countless podcasts and webinars. Mr. Ham also gives presentations at tradeshows and other forums, both online and off.

Outline of the episode:

● [00:58] How Bill got started in his journey to earn passive cash flow.

● [03:45] What the Master Lease Option is and how it helps mitigate a distressed property.

● [08:40] The value of creative negotiations and why every entrepreneur should learn it.

● [11:10] How to get past the initial hesitation owners often have when acquiring their property.

● [14:00] Why creative financing is not the only option and how it only increases the probability of acquisition.

● [16:08] How Bill initially created his property management company as a joke and where it is now.

● [18:16] The latent effects of the pandemic on his portfolio under management and underwriting.

● [21:00] Why he predicts deal flows pulling back and agency debt getting stricter this year and the next.

● [26:04] The most prominent mistake people make in underwriting and how cost basis is essential when considering what assets to keep.

● [29:36] What to look out for with the incoming recession and how it parallels the 2008 recession.

● [34:44] Bill’s favorite tactics on how to increase NOI and the importance of knowing your operating expense ratio.

● [40:18] What books on business strategies Bill Ham recommends besides his.

● [41:45] Bill’s superpower of problem-solving and the most important lesson he learned over his career.

● [42:57] His advice to busy working professionals so that they can achieve financial freedom.

● [43:49] How you can get in touch with Bill Ham and where to find his book Creative Cash.

Resources:

● Never Split the Difference by Chris Voss

● LinkedIn

● Twitter

● Creative Cash by Bill Ham

● The Prince by Nicolo Machiavelli

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Multifamily Investing while active duty in the military with Noel Walton

Tue, 18 May 2021 10:00:22 +0000

Join Vince and Matt as they chat with Noel Walton about the benefits of scalability in multifamily and the value of learning but still putting in the work. Noel is the president of Eagles Capital and co-founder of the JCORE (Joint Chiefs of Real Estate) Partners. With over nine years in real estate investing while on active duty in the army, he understands the demands of a busy professional life. Hence, Noel works hard to provide purely hands-off investing partnership opportunities so that others can also work towards financial freedom. Today, he shares his journey of investing in multifamily while serving active duty in the military. If you want to learn more, stay tuned and enjoy the episode!

About Noel Walton:

Noel Walton is the president of Eagles Capital, which is a commercial multifamily investment company. Noel is also an Army Aviation Officer with over 20 years of military service. His wife Claudia and he began real estate investing in 2012 and, since then, managed numerous fixes and flips. Now, they hold a portfolio of single-family rentals or passively invest in 50 apartment units. Recently, they began investing in multifamily real estate to reach their goal of financial freedom due to scalability and long-term wealth opportunities.

Noel draws from his experience in past investment decision-making as a UH-60 Black Hawk pilot and military leader, conquering his fear as a skydiver. He has two daughters, Hannah and Julia. Their family has a passion for giving back to causes such as assistant children and struggling veterans.

Outline of the episode:

● [01:19] How Noel got started on his journey to earn passive cash flow.

● [05:48] “Residential versus Commercial” and the benefits of scalability in multifamily.

● [10:03] What made him choose real estate instead of other investments like stock and Bitcoin.

● [12:24] Why Noel wanted to build passive cash flow while serving active duty.

● [16:02] What the Transition Assitance Program is and why life after the military is not as rosy as people think.

● [19:00] Noel Walton’s most recent deal and his methodology when dealing with multifamily property.

● [22:46] The obstacles Noel faced while closing deals and running properties during the pandemic.

● [29:09] How he adjusted their underwriting from when he first started pre-COVID to now.

● [35:57] The value of learning more and still putting in the work to succeed.

● [41:39] What skills he developed in active duty helped him transition into working in real estate.

● [45:59] What book Noel Walton recommends to the audience.

● [46:20] Noel’s superpower of empathy and how it helped him build better relationships.

● [50:29] His advice for busy working professionals looking to achieve financial freedom.

● [55:48] Who Noel would like to see on the Cashflow Project Podcast.

● [56:44] Where you can find Noel Walton if you want to learn more about him or from him.

Resources:

● LinkedIn

● Mindset by Carol Dweck

● The ONE Thing by Gary Keller

● Pitch Anything by Oren Klaff

● Speed of Trust by Stephen Covey

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Transitioning from traditional investments to Real estate development with Sam Bates

Tue, 11 May 2021 10:38:02 +0000

Join Vince and Matt as they chat with Sam Bates about what new development is and why networking is instrumental. Sam is one of the founders of Trinity Capital Group. It is a privately held real estate investment company, providing superior risk-adjusted returns for its investors while minimizing risk. The company is committed to developing lasting relationships with its investors by providing them with exceptional wealth-building opportunities through quality real estate investments. Today, Sam shares his journey, transitioning from traditional investments to real estate development. There’s a lot to unpack, so stay tuned and enjoy the episode!

About Sam Bates:

Sam Bates is a principal of Trinity Capital Group and owner of Paradigm Real Estate Investments. Sam’s background is in financial services, state and local taxes, and real estate. He has been directly involved in the acquisition, rehabilitation, and management of over $40MM in multifamily and single-family assets since 2009.

Sam spent ten years in Corporate America, where he honed his business acumen and developed many characteristics that help him succeed in the real estate industry. He started at UBS Financial Services, where he cultivated his knowledge about financial markets. Sam directly worked with advisors that had over $3 Billion in assets under management. After graduate school, He transitioned his career to state and local taxes. During his tax career, Mr. Bates helped companies save more than $45MM in tax.

Outline of the episode:

● [02:23] How Sam got into real estate after having numerous formal education in finance.

● [07:49] His response to pushback from people who solely believe in traditional investments.

● [10:57] What new real estate development is, illustrated by Sam’s most recent deal.

● [15:33] What his market research looks like and how different it is from the traditional model.

● [18:17] The different finance options in new development and how Sam flips carrying costs.

● [22:19] How the most significant failure Sam had was not in ‘development’ but in ‘acquisition’ and what he learned from it.

● [27:01] The lagging indicator model and how it solves issues like large-scale vacancies ahead of time, especially with military bases.

● [33:11] What advice would Sam give to his 20-year-old self and why networking is instrumental.

● [36:38] The resources Sam Bates recommends for people looking to get into real estate.

● [38:48] Taxation in new development and how the demand for new development housing does not need tax breaks.

● [40:55] How Sam and his team adapted to the pandemic conditions from then to now.

● [49:52] The books that impacted Sam Bates’ life the most.

● [51:50] What Sam’s superpower is and his affinity for numbers.

● [52:59] The most important lesson he learned throughout his career.

● [54:06] Sam’s advice to busy working professionals so that they can achieve financial freedom.

Resources:

● The Success Principles by Jack Canfield

● Twitter

● LinkedIn

● The Miracle Morning by Hal Elrod

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Waves of cash through flipping homes in Hawaii with Indar Lange

Tue, 04 May 2021 10:01:13 +0000

Join Duc and Steve as they chat with Indar Lange about the importance of real estate education and cultivating a mindset for business. Indar is a flipper by trade and the founder of Our Home Investments. The company aims to help homeowners of any distressed situation while improving the community. Today, Indar shares his journey, from getting into real estate by flipping to achieving passive ‘cashflow.’ We hope you enjoy the episode!

About Indar Lange:

Indar Lange is a real estate investor who has made it big in Hawaii, the most expensive state in the US. Since starting in 2013, Indar has become the most prominent flipper in Hawaii, with over 50 flips completed and 15 currently ongoing, all while owning 15 properties outside Hawaii. He is also the founder of Our Home Investments, a company that helps homeowners of any distressed situation while improving the community. Mr. Lange primarily focuses on single-family properties and works with both low-end and high-end rehabs.

Outline of the episode:

• [00:54] How Indar got into passive ‘cashflow’ from the flipping business.

• [05:37] The slow process of scaling a flipping business and the risks of working capital.

• [09:42] “Someone’s got to do it” and the right mindset to cultivate when starting a business.

• [16:46] The strength in numbers and the not-so-glamorous side of managing a company on your own.

• [22:27] Indar on tracking all of his projects, from active flips to rental property.

• [26:06] Building rental portfolio and

• [28:19] What the LIBOR model is and how Indar uses it to achieve ‘cashflow.’

• [38:30] How Indar changed his game plan when the pandemic began.

• [46:20] His favorite project to work on and the value of cultivating trust with your investors.

• [54:40] The various books on Indar Lange’s reading list and which one he recommends.

• [01:00:32] Indar’s superpower of finding investors.

• [01:05:09] The most important lesson he has learned over his career.

• [01:06:05] Indar Lange’s advice to busy working professionals trying to achieve financial freedom.

Resources:

• Company Website

• Facebook

• Twitter

• LinkedIn

• Instagram

Connect with The Cashflow Project!

• Website

• LinkedIn

• Youtube

• Facebook

• Instagram

Serial entrepreneurship and profitable operations with Anthony Vicino

Tue, 27 Apr 2021 10:00:12 +0000

Join Vince and Steve as they chat with Anthony Vicino about manufactured housing and the need for multiple streams of income. Anthony is a founding partner of Invictus Capital, focusing on income-producing assets located in the immediate metro region and tertiary markets. The company prides itself on the ability to positively improve the quality of life for the residents while increasing the asset value over time. Today, Anthony shares his story from realizing the corporate life was not for him to finally pursuing real estate along his path of multiple careers. You don’t want to miss this so, stay tuned and enjoy the episode!

About Anthony Vicino:

Anthony Vicino is a serial entrepreneur who has helped build multiple multi-million dollar companies from the ground up. He created efficient systems that scale, utilized value-based content marketing strategies, and always focused on providing exceptional end-user experiences.

Anthony is a best-selling author, investor, and small business owner. He also successfully managed a personal portfolio of multifamily assets spread across the country before joining forces with Dan Krueger in 2019 to create Invictus Capital.

Outline of the episode:

● [03:33] How Anthony ended up in real estate after having multiple careers.

● [07:45] The power of storytelling and why it is essential even in real estate.

● [11:46] Anthony’s writing career and what books and other projects he is currently working on.

● [13:40] His experience with ADHD and how he uses the hyper-focused state to his advantage.

● [18:28] What habitual system Anthony uses to manage multiple parts of his life at once.

● [23:36] “Discipline beats Motivation” and how doing things little by little goes a long way.

● [27:07] What Invictus Capital is, their systems, and their recent deals.

● [31:37] The value of trust in real estate and how Invictus Capital finds sellers by building rapport with them.

● [40:48] How the company structured their syndications before and amid the pandemic.

● [47:35] The best book Anthony Vicino recommends to people.

● [48:39] What other superpower does Anthony have besides hyper-focusing and storytelling.

● [50:37] The most important lesson he learned in his multitude of careers.

● [51:23] Anthony’s advice to busy working professionals so that they can achieve financial freedom.

Resources:

● Getting Things Done by David Allen

● LinkedIn

● Twitter

● YouTube

● Pitch Anything by Oren Klaff

● The One Thing by Gary Keller

● Eat That Frog! by Brian Tracy

● Speed of Trust by Stephen Covey

● The Go-Giver Collection by Bob Burg

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

The Journey To Becoming a Change Agent with Steven Pesavento

Tue, 20 Apr 2021 11:02:13 +0000

Join Vince and Steve as they chat with Steven Pesavento about becoming an agent of change by leaving behind limiting beliefs and creating your own. Steven serves as a trusted advisor and the president of VonFink Capital, connecting private capital to vetted passive real estate investments to deliver solid returns and significant tax advantages. He is also the founder of The Investor Mindset and the host of its podcast, where they bring various experts on to model new beliefs and see the results. Today, Steven shares his story, from working in management consulting, getting into tech startups, and investing everything into real estate. Stay tuned and enjoy the episode!

Outline of the episode:

● [02:13] What prompted Steven to get into real estate from management consulting.

● [06:32] Getting past limiting beliefs by surrounding yourself with people are not afraid to create their own.

● [09:51] Retraining your mind by borrowing others’ beliefs and making it your own.

● [11:22] Our mindset growing up is not who we are and how to reevaluate our identity.

● [14:01] The lessons Steven learned from doing tech startups to working in real estate full-time.

● [18:59] How tracking leads can help progress your marketing business.

● [22:18] Steven’s transition from flips to multifamily and how anyone can succeed in real estate.

● [31:47] Where he sees VonFinch Capital going and his goals for it in the future.

● [35:35] The best book Steven recommends people to read.

● [36:25] Steven’s superpower of giving people the courage to reach their goals.

● [37:14] The most important lesson he has learned throughout his career so far.

● [38:11] What advice Steven has for professionals who are working towards financial freedom.

Resources:

● Company Website: https://www.stevenpesavento.com

● Facebook: https://www.facebook.com/thestevenpesavento

● LinkedIn: https://www.linkedin.com/in/stevenpesavento

● Twitter: https://twitter.com/stevenpesavento

● Instagram: https://www.instagram.com/steven.pesavento

● YouTube: https://www.youtube.com/channel/UCVIYpUX9XqauGNi0P1e6gtQ

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

From Talent agent for Taylor Swift to Manufactured Housing Mogul with Andrew Lanoie

Tue, 13 Apr 2021 10:00:17 +0000

Join Steve and Vince as they chat with Andrew Lanoie about manufactured housing and the need for multiple streams of income. Andrew is one of the co-founders and managing members of Four Peaks Capital Partners. The company aims to bring lucrative, private investment opportunities, often reserved for the ultra-wealthy, to any qualified investor. Their target investment sectors are outside of Wall Street’s churn and burn machine. Meanwhile, their investors seek out tangible assets that provide income and help build wealth for future generations. Today, Andrew shares with us his journey, from working as a talent agent at William Morris to providing affordable housing with Park Place Communities. There is a lot to unpack so, stay tuned and enjoy the episode!

“The American Dream” and The Need for Multiple Income Streams

The American Dream is dead and has been for a while now. Even today, many people refuse to accept that the whole economy is built off of an age that no longer exists. In this episode, Andrew Lanoie explains why people still believe so and how their lack of education primarily causes it. Andrew would start with the story of his grandfather, who was in the lower middle class but was still able to get married, raise three kids, and own a house, all the while working as a plumber. Back in the day, someone working lower middle class can afford all of that because the cost of food and energy had yet to inflate. But now, what Andrew’s grandfather had earned annually would not even suffice as individual income, with expenses going through the roof, inflation gaining momentum, and salaries not keeping up. Hence, most people nowadays reconsider getting married, having kids, or even owning a house.

Outline of the episode:

• [01:25] Getting into the real estate business from the entertainment industry.

• [03:38] The manufactured housing space increasing in popularity through the years.

• [06:09] How Andrew got started in real estate without any prior knowledge on it.

• [09:33] Using the single-family route to build a portfolio and raise capital for manufactured housing.

• [12:43] Recession-proof investments and what it looks like for Andrew Lanoie.

• [16:16] How “The American Dream” is dead and the need for multiple income streams.

• [22:22] Andrew’s forecast on other investments and what his horizon looks like in 2021.

• [28:08] Investing in pre-existing and coming industries that have done well through the pandemic.

• [31:09] The best books on becoming a problem solver and investing in real estate, recommended by Andrew Lanoie.

• [34:30] Andrew’s superpower of being empathetic.

• [35:02] The most significant lesson Andrew learned over his career.

• [37:57] Andrew’s advice on how to work towards financial freedom.

Resources:

• Company Website: https://theimpatientinvestor.com

• LinkedIn: https://www.linkedin.com/in/andrewlanoie

• Twitter: https://twitter.com/andrewlanoie

Connect with The Cashflow Project!

• Website

• LinkedIn

• Youtube

• Facebook

• Instagram

Scaling Multifamily Investing with Partners with Chris Pomerleau and Collin Schwartz

Tue, 06 Apr 2021 10:00:23 +0000

Join Duc and Vince as they chat with Chris Pomerleau and Collin Schwartz about creating business partnerships and scaling multifamily investing. Colin used to work nine-to-five desk jobs before owning Bricktown Management. Meanwhile, Chris served in the U.S. Army for a while before practicing law and learning about real estate. After reading Rich Dad Poor Dad by Robert Kiyosaki, both realized that they needed to find a way to earn a stable income, save up for retirement and still, spend time with family. Hence, the two made it a mission to gain the flexibility to do what they want when they want. Now, if you, too, seek financial freedom, tune in to today’s episode and learn more about how Chris and Collin got theirs!

Building Relationships in Business

We build relationships as soon as we are born, and we continue to do so every day since then.

But, among the people we meet throughout our lives, only a few see the world the same as we do. Hence, why meetups, even small ones, are essential for entrepreneurs. They connect like-minded people from different fields, spawning projects upon projects, often leading to successful businesses. However, meetups are not the only ways to build relationships in the industry.

Nowadays, social media platforms such as Facebook and LinkedIn are the more popular choices. Here, meeting investors can also double as making friends, which gives partnerships a more solid foundation.

About Chris Pomerleau and Collin Schwartz:

Chris Pomerleau and Collin Schartz are the founders of Park Ave Capital, LLC. As the Director of Investment Strategy, Chris oversees the acquisitions of assets and business development activities. Meanwhile, Collin manages the day-to-day operations of investments as the Director of Operations.

Outline of the episode:

● [04:47] What motivated them to pursue an entrepreneurial path.

● [06:38] How the two scaled to 50 million dollars in assets in 3 years.

● [08:33] Their most recent deal from friend Steven Ward.

● [14:07] Chris’ law experience and the syndication business.

● [21:19] Knowing what tool to use to take down values and deals.

● [23:14] How their largest meetup helped grow the business.

● [29:15] Collin’s transferable skills from his desk job to real estate.

● [32:06] The first company that started the Chris and Collin dynamic duo.

● [32:56] Tackling vertically integrated property management.

● [38:06] Chris and Collin’s favorite systems, which improved effectiveness and efficiency.

● [42:14] The dynamic duo’s superpowers.

● [43:23] The most important lessons they learned in both of their careers.

● [44:14] Chris and Collin’s advice in gaining financial freedom.

Resources:

● Company Website: https://parkaveinvesting.com

● Chris Pomerleau’s Linkedin: https://www.linkedin.com/in/cashflowwithchris

● Collin Schwartz’ LinkedIn: https://www.linkedin.com/in/collin-schwartz-64519953

● “Rich Dad Poor Dad” by Robert Kiyosaki: https://www.amazon.com/dp/1612680194

Connect with The Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

From CPA to Commercial Real Estate Asset Manager with Mike Taravella

Tue, 30 Mar 2021 10:00:17 +0000

Join Duc Ong and his co-host, Vince Gethings, as they chat with Mike Taravella about operating properties more efficiently and cultivating the right environment and mindset for real estate. They discuss everything from surrounding yourself with the right people to focusing on the work itself. Mike Taravella is a Certified Public Accountant who left a salaried life to engage in real estate and now helps others through the world of real estate. In this episode, Mike shares how he got started in real estate, how he struggled along the way, and how he overcame these struggles himself. If you are a new investor, you can learn a thing or two from Mike’s experiences and avoid some of the pitfalls early in your career!

The Right Environment and Mindset To Work In Real Estate

When letting go of a stable job to pursue real estate, not everyone will be on your side. Family members and some friends may question whether you are doing the right thing. Meanwhile, others may even actively try to tear you down. In that case, you need to identify the people who can best support you and then surround yourself with these people. It is easier to pursue your goals while being supported by people who will sit down with you and say, “here’s how we can do things,” instead of living with people who say “that can never happen.” Feel free to talk about it with the people you work with within real estate, from contractors to asset managers. You need to know when the people you work with actively help your projects instead of hindering them. After all, positive reinforcement and honest, helpful feedback is always vital.

Another obstacle you may face when starting in real estate is your mindset. Newer property and asset managers may overthink and over-analyze every aspect of real estate.

About Mike Taravella:

Mike Taravella is a Certified Public Accountant and financial expert who wishes to help people secure their finances through real estate. In 2013, he got his Bachelor’s in Accounting at Michigan State University. A year after, Mike earned his Master’s Degree in Accounting.

Outline of the episode:

● [01:04] Getting started in real estate and breaking away from a comfortable salary

● [07:21] Mike’s most recent deal involved a run-down complex outside of Knoxville that he improved with his team

● [10:46] Syndication and the problem of entropy

● [11:45] The exit plan for the Knoxville property

● [12:49] Surrounding yourself with people of the right mindset

● [16:55] How has COVID affected your portfolio?

● [21:12] Being over-analytical and getting out of that mindset

● [24:49] The difference between asset management and property management

● [29:03] Mike’s own best practices in asset management

● [31:35] Mike’s favorite strategies, superpowers, and lessons in asset management

● [38:27] Mike’s website and podcast

Resources:

● Twitter: https://twitter.com/mike_tarabino26

● Linkedin: https://www.linkedin.com/in/mike-taravella-jr-cpa-80b8143b

● Company Website: https://randpartners.com/

● Instagram: https://www.instagram.com/valueaddmike/

● Youtube: https://www.youtube.com/channel/UCJ4DApp2kpyrqWns7D1-WSw/

Connect with Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

Journeying from FEMA disasters to managing millions in multi family with Robert Benenate

Tue, 23 Mar 2021 10:00:48 +0000

Join Steve Fierros and his co-host, Vince Gethings, as they talk with Robert Benenate about finding real estate success in house flipping even amidst unfortunate circumstances. Robert has over 30 years of construction and renovation experience, influencing significant projects, including a $1.7 million condo conversion project. He has such a deep passion for real estate that he even learned the business from the ground up, from house renovating to property investing. In this episode, Robert shares his real estate journey with us, from being a house flipper to becoming a senior property manager. Learn more about finding opportunities and taking action with Robert Benenate on The Cashflow Project Podcast!

Finding Opportunities and Taking Action

Money often proved to be essential to any real estate investor. But despite the odds, Robert kept finding ways to be successful in his career without breaking the bank—and you can too! Lack of money is not as big of a hindrance as you might think. Loans are not something people should be ashamed of but rather something people should understand. As long as you are smart with your money, you are sure to get it back double or even triple its initial amount.

About Robert Benenate:

Robert Benenate is a New Orleans native who is passionate about construction, renovation, and Real Estate. He started doing business from the ground up and now has over 30 years of renovation and construction experience. Robert has worked on many projects, including his newest major conversion project worth 1.7 Million.

In 2008, Robert made his first investment. It was a renovation project to an otherwise unlivable house. He did it without taking any money from his pocket but with capital money that he has loaned from the bank. His strong mindset of looking for opportunities at best and even worst of times and taking immediate action drove him to be who he is now.

Outline of the episode:

● [01:07] Robert’s journey with real estate and house flipping.

● [03:04] His mindset about taking opportunities.

● [07:41] Recent builds Robert has invested in.

● [09:42] How to look for opportunities even at unlikely events.

● [11:09] Robert’s start with multi-family ownership.

● [14:30] Strategies on looking for multi-family deals.

● [15:58] Increasing income and decreasing expenses.

● [18:39] Secret shopping property and scoping the competitor.

● [20:18] Robert’s advantage thanks to his experience with construction.

● [22:07] Red flags to look out for when doing due diligence.

● [27:09] Bringing the family together for the business.

● [30:14] How does one learn Real Estate Investing.

● [32:02] Getting to know Robert more in the Fire Round.

● [39:39] Advice towards people who want financial freedom.

Resources:

● Linkedin: https://www.linkedin.com/in/robert-benenate-7a6003b0

● Company Website: https://strategicpropconsult.com

● Facebook: https://www.facebook.com/people/Robert-Benenate/100007821259201

Connect with Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

CP 50: Protecting landlords and tenants with Dwellsy CEO, Jonas Bordo

Tue, 16 Mar 2021 10:00:26 +0000

Join Duc Ong and his co-host, Steve Fierros, as they chat with Jonas Bordo about protecting landlords and tenants from frauds and adapting to the rental market’s challenges caused by the pandemic. Jonas is a landlord to more than 100,000 people and CEO and co-founder of Dwellsy, a free rental listing site where owners and property managers can get high-quality leads for free and where renters can find a rental and make it home. He created Dwellsy after seeing how difficult it was for renters to find rentals as scams exploded in number on Craigslist. He also saw how rapidly rental inventories shrunk, and marketing costs grew for multifamily and single-family owners and operators because of pay-to-play ILS platforms significantly raising their prices. All the while, lead quality on rental listings sites plummeted. In this episode, also learn more from Jonas about the demand for reputation management in the rental market!

The Demand Reputation Management in the Rental Market

Apartment communities often struggle with reputation management, specifically in terms of the traditional rating approach. In contrast to restaurants and stores with multiple opportunities to get a good rating, apartments and other residential home rentals only have opportunities to do the same. Even worse, there would always be a bad day for the few tenants who do rate these places, where they would have maintenance issues, and the landlord would not be around to fix it, and the like. In turn, Jonas would often find that apartments’ reputation scores only map out how hard the rental listing platform or the landlord is working on reputation management, instead of how good that landlord or that community is as a place to live. Right now, there is a demand for reputation management, and rental listing platforms like Dwellsy need to thread an approach for it. They need to provide an accurate picture of what it is like to live in an apartment community and what its landlord is genuinely like, but that would require nuance and critical thinking.

About Jonas Bordo:

Jonas Brodo is the CEO and co-founder of Dwellsy, a site where renters can find rentals all in one place, and landlords can list and lease their vacant units for free. The company believes in the radical concept that accurate, organic search in a free eco-system creates more value than the pay-to-play model embraced by all current rental listing services.

Outline of the episode:

● [01:26] What prompted the creation of Dwellsy.

● [02:28] Monetization on a free platform like Dwellsy.

● [06:21] Protecting renters and landlords against scams that are common online.

● [09:31] The effects of Covid on renters, landlords, and the market as a whole.

● [14:09] How Dwellsy adapts to the challenges caused by the pandemic.

● [18:28] The importance of reputation management in the rental market.

● [21:53] The best business book, recommended by Jonas Bordo.

● [22:33] Jonas’ superpower of being critical.

● [22:58] The most significant lesson Jonas learned over his career.

● [23:31] Jonas’ advice on how to work towards financial freedom.

Resources:

● Jonas’ Linkedin: https://www.linkedin.com/in/jonas-bordo

● Company Website: https://dwellsy.com

● Facebook Page: https://www.facebook.com/DwellsyRents

● Twitter: https://twitter.com/dwellsyrents

Connect with Cashflow Project!

● Website

● LinkedIn

● Youtube

● Facebook

● Instagram

From shepherding sheep in NZ to shepherding assets internationally with Hadar Orkibi

Tue, 09 Mar 2021 11:00:11 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with Hadar Orkibi about his transition from investing in real estate in New Zealand to the United States. Hadar is the Principal at Multi-Family Investment Holding and Make It Happen Mastermind. He shares a lot of golden nuggets in this episode; they also tackle the importance of lender relationships, stress testing, five elements of a successful business, and other great topics to learn to improve as an investor!

Stress Testing in Real Estate

As a new wave of coronavirus hits the United States, it is difficult to predict what will happen to the state of the market and economy in the next months. There are a lot of things that are out of our control, particularly during this pandemic. In these times of crisis, stress testing is vital to prepare for any possible downturns in the economy. Failing to predict potential problems will have a huge impact on your business that could have been easily avoided if planned ahead. Stress testing gives you the ability to assess and prevent future concerns. This gives you the opportunity to avoid or lessen the damage of a certain problem and look for better choices. Don’t take it for granted and skip this process, especially to your asset management.

To keep moving forward and adapting to these situations, developing better strategies, systems, and doing your due diligence is essential. If you also want to make sure that your underwriting and stress testing is done efficiently, ask for help from another person who will look at the possible holes in the evaluation. Communicating with your team about the outcome of your stress testing is a big part of it.

About Hadar Orkibi:

Principal at Multi-Family Investment Holding and Make It Happen Mastermind Group

A US Citizen, full-time Property Investor, and Trader. He has invested in Real Estate for over a decade with a focus on Multi-Family Apartment Buildings that have value-add upside potential.

Hadar Invests in Multi-Family Residential and Commercial Real Estate and is a regular contributor to the NZ Property Investor Magazine. Hadar participated as a guest in NZ and US Real Estate Investing podcasts.

Specialities: Asset management. Investment underwriting. Project Management – PRINCE2 ® Certified.

Resources:

· Phone: 501-251-8201

· Hadar’s Linkedin: https://www.linkedin.com/in/hadar-orkibi-a9a1a841/

· Company Website: https://mfiholding.com/

· Youtube: https://www.youtube.com/c/MultifamilyRealEstateInvesting

· Instagram: https://www.instagram.com/mih_mastermind/

Connect with Cashflow Project!

Millennial multifamily mastery with David Toupin

Tue, 02 Mar 2021 11:00:15 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with David Toupin about his experiences as a top millennial real estate investor. David is the co-founder of Obsidian Capital and the CEO of Real Estate Lab, who started investing in real estate during his college years at the young age of 20. He also shares with us strategies and factors you need to consider as an early investor, misconceptions about real estate, and the importance of nurturing your relationships in the industry. If you’re someone who’s afraid to get started investing in real estate, this episode is for you!

Let Go of Your Limiting Beliefs

Many people are hesitant to invest in real estate because they doubt if they’re capable enough or do not have enough money to start. David’s inspiring journey proves that you can start investing in properties as early as 20 and still a college student. You don’t need to have a lot of money; you can apply for loans or get into syndications. Stop overanalyzing about the things that could go wrong; instead, just dive into it and pursue your goals. Your limiting beliefs will only become true if you do not take action. A lot of people waste their years doubting themselves and the opportunities they have. David had many failed businesses and mistakes in his early years in real estate, but he didn’t stop and let those overwhelm him. He dedicated himself to learning and gaining experiences. Today, he has developed 1,000 apartments worth more than $100M and a real estate company with over $50M real estate holdings!

Start overcoming your limiting beliefs because you’re only sabotaging the successful future you could have. If you start accepting these as truths, they will become your reality. Although it is not easy, it is better than having regrets in the future about the things you wished you did. Moreover, become comfortable with failing. When you combine failures with hard work, you’ll eventually achieve success. Prove yourself wrong, disregard those doubts, and get started on working hard to achieve your dreams.

About David Toupin:

David Toupin is a Top Millennial real estate investor, speaker, and entrepreneur. David is the co-founder of Obsidian Capital, an Austin Texas-based real estate investment firm. David started investing at the age of 20 in Michigan, where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree, David had already acquired $7M in multifamily real estate holdings. By the age of 24 years old, David has built a real estate company as a key principal with over $50M in real estate holdings and has raised north of $10M in capital. He is also the creator of the best-selling multifamily deal analyzer which is now being converted into a web-based software platform called Real Estate Lab.

Resources:

· Email: david@obsidiancapitalco.com

· Facebook: https://www.facebook.com/thedavidtoupin

· David’s Linkedin: https://www.linkedin.com/in/toupindavid/

· Company Website: https://www.obsidiancapitalco.com/

· Instagram: https://www.instagram.com/realestatejedi/

· Youtube: https://www.youtube.com/c/DavidToupin

· Multifamily Deal Analyzer: https://www.obsidiancapitalco.com/dealanalyzer

Connect with Cashflow Project!

Retirement funds, self-directed IRA‘s and investing in multifamily real estate with Josh Plave

Tue, 23 Feb 2021 11:00:21 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with Josh Plave about using a self-directed IRA in investing in multifamily real estate. Josh is the founder of Wall to Main, a full-time multifamily investor, and a retirement investing educator. He started his journey at the young age of 16 with his first Roth IRA and now has built a portfolio of over 700 units across three markets! Josh shares with us his experience investing first in multifamily properties, where you can invest your retirement accounts and what specific types of investments are good to invest in. In this episode, also learn more about how Josh used multiple IRAs to his advantage to achieve success!

The Benefits of Using Self-Directed IRAs For Real Estate

Having a Self-Directed Individual Retirement Account is a great way to save for your retirement that you can actually use to invest in real estate. There are a lot of investment and diversification benefits you can choose from. It is no wonder why self-directed IRAs are becoming more popular. In comparison with other IRAs, you will not be limited to stocks and mutual funds.

Some of the reasons why a lot of people prefer to use this when investing in real estate is because of the tax-deferred income, lower fees you need to pay, limited liability, and the control you will have over your investments. This is also more convenient because usually the process is quick when you want to get money in your account to make an investment. Self-directed IRAs also provide certain investment protections in case of bankruptcy; you will be exempted for up to $1 million of your funds! This gives you more asset protection, especially when investing in multifamily properties. With the help of self-directed IRAs, you can have multiple exit strategies. If you want to have more protection and control over your investments, this is definitely a great choice!

About Josh Plave:

Josh's experience in retirement accounts began at 16 when he opened his first Roth IRA and began trading equities. Since then, after the unfortunate passing of his grandfather and mother, he was left with multiple Inherited IRAs. Through careful research and structuring, Josh has been able to further the legacy of prior generations and accelerate the growth of his family's capital.

This experience led to the creation of Wall to Main, where the lessons learned and opportunities found are meant to be shared, free of cost, for those who seek to preserve and grow their wealth for a prosperous future.

Resources:

· Josh’s Linkedin: https://www.linkedin.com/in/joshplave/

· Company Website: https://www.walltomain.com/

· Facebook Page: https://www.facebook.com/walltomain/

· Instagram: https://www.instagram.com/walltomain/

· Youtube: https://www.youtube.com/channel/UCOaC1lS

Connect with Cashflow Project!

Selling the sizzle with Gene Trowbridge

Tue, 16 Feb 2021 11:00:17 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with Gene Trowbridge about the questions first-time syndicators should ask and consider. Gene is a real estate syndicator and a co-founding partner at the Trowbridge Law Group. He has decades of experience and knowledge of being part of syndications! In this episode, Gene also shares with us the importance of building relationships and the upcoming changes to the definition of an accredited investor.

Syndication is not about Real Estate

We all know that in syndications, you have to form a lot of partnerships with multiple investors to start pooling capital for a certain deal. Before these partnerships are formed, you have to build relationships with the investors to find out if they’re the right people that will match well with your personality and values. If you’re aiming to have a wide network and long-term connections, developing your relationships with these people is important. You will want to earn their trust and confidence in your capabilities.

Gene said that syndications are not about real estate, but rather the relationships you build with people.

Outline of the episode:

· [01:56] The start of his real estate syndication journey.

· [05:03] At the age of 45 he decided to get into law school.

· [07:28] Gene’s why for helping people in their syndication journey.

· [09:42] The common mistakes early syndicators make.

· [12:00] Do you need a key man insurance?

· [14:46] Questions first-time syndicators should be asked.

· [18:08] Investing in deals and their TBD podcast series.

· [19:32] You need to decide what you really want to do before asking for help.

· [23:26] The importance of having policies in your business.

· [24:25] Great kinds of properties to invest in real estate today.

· [27:00] Different kinds of companies shutting down because of the pandemic.

· [28:27] Long-distance is a good long-term solution for office problems.

· [31:27] A proposal to modify the accredited investor definition.

· [35:28] Working with syndicators that are not from your local area.

· [38:50] Gene’s two extremely valuable presentations.

Resources:

· Office: (949) 570-1507

· Direct: (949) 855-8399

· Email: gene@trowbridgelawgroup.com

· Company Website: https://trowbridgelawgroup.com/

· Personal Linkedin: https://www.linkedin.com/in/genetrowbridge/

· Company Linkedin: https://www.linkedin.com/company/trowbridge-law-group-llp/

· Instagram: https://www.instagram.com/trowbridgelawgroup/

· Youtube: https://www.youtube.com/channel/UClKK5l9ng1bkW-ihHufDgGA

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Shayne Whittington isn't just making moves on the court

Tue, 09 Feb 2021 12:00:30 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with Shayne Whittington about his experience of being a professional NBA player to becoming a commercial real estate syndicator. Shayne is the owner of AKW Investments, a commercial multifamily syndication company where they provide opportunities for working professionals to passively invest in multifamily properties. He is a dedicated person who is extremely passionate about sports and real estate. One of his goals is to share and educate athletes about real estate to achieve financial freedom through multifamily syndications!

Educating People about the Benefits of Real Estate

Getting into the real estate industry and investing passively offers so many great benefits. Becoming a real estate investor can change your life and provide you the time to pursue the things you really want. If you’re thinking about quitting your full-time job that requires you to work 40 hours a week, real estate is definitely the right path for you!

There are a lot of people who are hesitant to start investing in real estate because it seems too good to be true. Sometimes it just appears to be that way because some successful people tend to highlight their success and do not share their struggles and failures. Although real estate can bring you the success you want, there are still many challenges you’re going to encounter.

Don’t get me wrong, real estate is worth it and can be done smoothly when you have the right people on your team. The benefits of investing in real estate provide investors with the opportunity to achieve financial freedom, creating their own legacy, the right to be their own boss, more time to spend with their family, and so much more!

They say that there are certainly enough deals for everyone in the real estate world. Shayne loves to help and educate people about real estate, sharing his passion with individuals who have the interest and potential. Moreover, no one should ever be forced to invest in real estate, make your choice and decide on your own.

Learn the Process before Starting

Education and learning through experience is essential in every industry you get into. If you want people to trust and take you seriously, you have to know what you’re doing. Learn the process, the ins and outs of what you’re trying to pursue. It doesn’t necessarily mean you have to know everything because that is impossible. However, if you want to take on leadership roles or starting your own company, you have to be a person who is knowledgeable about the system. Investing in your education and trying to find ways to gain experiences is crucial to your journey to success!

About Shayne Whittington:

Shayne Whittington started investing in real estate in 2017 by starting Mitten Development Group LLC with two partners. A company focused on building high-end custom homes in Kalamazoo, Michigan. Wanting more of a passive income stream, in 2018, he started investing in single-family rentals in Michigan and Indiana. Now, he has passively invested in more than 534 units of multifamily syndications and is currently part of his first GP on a 165 unit deal in the Indianapolis MSA.

Resources:

· Phone: +1(269)998-9319

· Company Website: https://www.akwinvestments.com/

· Shayne Whittington’s Linkedin: https://www.linkedin.com/in/shayne

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How to underwrite multifamily with Rob Beardsley

Tue, 02 Feb 2021 11:14:55 +0000

Join me and my co-host, Vince Gethings, as we chat with Rob Beardsley about how to underwrite a multifamily real estate deal. Rob is an incredible author, speaker, and the founder and principal of Lone Star Capital, a real estate investment firm. In this episode, he shares with us great insights about preferred equity, the structure of underwriting during the pandemic, doing your due diligence, and much more!

Being Busy Doesn’t Mean You’re More Successful

Most people think that when you’re busy and have a lot of responsibilities, you’re more successful. Then they overload themselves with work and try to do everything on their own. However, the truth is the more you’re busy, the less you’re actually living and doing less for yourself. Many of us make this mistake of not trusting others because we believe that we can do better than them. This kind of wrong belief will only make your life more difficult.

In the real estate industry, trust and great communication are very important factors that you should have in every work and business relationship you get into. Delegating and leveraging the company work through your team is essential for your business growth. By doing this, you’re making yourself more available to opportunities for success and important matters that will help you scale faster.

Always Do Your Due Diligence

The due diligence you do and the value you bring to every relationship is important. Rob says that due diligence is something you cannot really do enough of and can be learned the easy way. Your tasks and responsibilities are some things that you should be accountable for in doing. Nonetheless, it doesn’t mean you have to do them alone. Finding great partners and team members that will complement your strengths and weaknesses can greatly help you achieve your goals! You’ll become reminded and more motivated to do your work if you have the right people around you.

About Rob Beardsley:

Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital and has acquired over $100M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.

Resources:

· Rob Beardsley’s Linkedin: https://www.linkedin.com/in/rob-beardsley/

· Personal Website: https://robbeardsley.me/

· Company Website: https://lonestarcapgroup.com/

· Youtube: https://www.youtube.com/channel/

· Email: rob@lonestarcapgroup.com

· Phone: (650) 380 - 2609

· Instagram: https://www.instagram.com/rob_beardsley/

· Facebook: https://www.facebook.com/RobBeardsleyLSC/

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Vertically integrated real estate business with Mike Loomis

Tue, 26 Jan 2021 11:00:35 +0000

Join me and my co-host, Vince Gethings, as we chat with Mike Loomis about how he has successfully scaled and built MDL Companies. Mike is the founder and CEO of MDL Companies, a vertically integrated real estate firm with five divisions including construction, investments, property management, realty, and restoration! MDL Companies is a family-owned and operated company, and he has not only his sons working in the firm but also some of his nephews! Their strategies and how they manage MDL Companies is amazing! Learn from Mike himself who grew this company from the bottom to the top!

Working in a Family-Owned Business

Working and firing your family member is definitely harder than doing that to an employee you have no blood relations with. It can be difficult to manage if you don’t have mutual respect and understanding with one another. This can even damage the whole company if not handled properly. However, when you do invest in building good professional relationships with them, there are also a lot of great advantages! Good benefits such as, you can definitely trust them more with your confidential business plans and that they won't run away with your money.

In this episode, Mike also shares his pieces of advice on how they’re able to make it work so well even when he has his sons and nephews in the company!

Fresh Ideas from the Youth

Times are changing, and everything is becoming more advanced in terms of the technology that we use. It is important to always have your ears and mind open to new ideas, especially from the youth or younger generations. They can provide fresh ideas to your company about the new applications, technologies, and innovative strategies in-line with the current trends to scale faster! Don’t underestimate younger people than you, they can provide great opportunities for growth for your business!

About Mike Loomis:

Mike Loomis is the founder and CEO of MDL Companies. With 33 years as a professional contractor, real estate broker, and industry innovator, Mike has grown MDL as the premier realty, construction, restoration, and property management company in the Tri-City area. Mike is currently fulfilling his dream career by empowering his employees on a daily basis and providing opportunities to those in need in the local community. Outside of work, Mike is an avid golfer and MSU fan highly focused on his faith and his family. His favorite hero is Superman because he wishes he had the superpower of flight.

Resources:

· Email

· Phone: (989) 895 - 1590

· Fax: (989) 895 - 1592

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Value, vision, and versatility with Pili Yarusi

Mon, 11 Jan 2021 11:00:15 +0000

Join me and my co-host, Steve Fierros, as we chat with Pili Yarusi about her values, visions, versatility, and how she and her husband have such a great partnership! Pili is the co-founder and operator of Yarusi Holdings LLC with her husband Jason. Yarusi Holdings is a large multifamily investment firm that repositions underperforming properties through operational efficiencies, rebranding, and value-add properties. Aloha, and enjoy the episode now!

Treat Everyone with Aloha!

Aloha is more than just a word that you say when you greet someone or bid farewell. It also means love, respect, kindness, compassion, affection, and so on! With all our problems today, treating everyone with Aloha makes everything better. Regardless if it is in the business industry or not, you need to have more Aloha in your world! Especially since the COVID-19, there have been more sufferings and negativity. Let everything revolve around Aloha and continue building your mindset to have a better approach in life!

It’s all about Communication and Understanding

Communicating is not always easy, but you have to remember that when you avoid matters that need to be addressed, it only makes things worse! Pili and Jason’s partnership is one the greatest examples of why communication is important. They talk about the good, bad, uncomfortable topics, and in short, everything! In order to make any relationships work and last long-term, you need to have that transparency and understanding. Every kind of relationship is built on communication, and most partnerships don’t work because they lack in this aspect. Learn to become comfortable talking about issues and start trusting your partners.

About Pili Yarusi:

Pilialoha Yarusi is an awesome mommy who also happens to know a little about real estate and personal development. She has partnered with her equally awesome husband, Jason, and created Yarusi Holdings LLC, a large multifamily investment firm. Currently, they are general partners in about 800 units with 250 under direct asset management. Her FOCUS is on large multifamily syndication and asset management.

She runs the Investor and Client Relations branches of both Yarusi Holdings and Multifamily Formula. Multifamily Formula is Pili and Jason’s interactive education platform for investors to build a strong FOUNDATION with buying large multifamily.

Pili is also the co-host of the Jason and Pili Project. Her goal is to help one person a day take one step closer to a Fit Rich Life.

She loves to play with her kiddos and husband, run, do yoga, and crossfit. She is currently raving about #75hard, and her ultimate goal is to host a Mastermind in Maui…

She and Jason have three awesome children. Luke, Lily, and Leo, and two English Bulldogs, Jack and Jill.

Pili has her NJ Real Estate License and is a Realtor with EXP Realty.

Resources:

· Email

· The ONE Thing

· The Miracle Morning

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Real estate investing for medical professionals with David Iglewicz

Tue, 05 Jan 2021 11:00:20 +0000

Join Steve Fierros and his co-host, Matt Callihan, as we chat with David Iglewicz about why you should invest in real estate now! David is the President of Prostoig Capital, helping and educating Dental and Medical Professionals on multifamily real estate. He has also been a practicing pediatric dentist since 2003 and is a passive investor since 2004. Learn from David who has survived and successfully gone through two major downturns in the market! He has a lot to share in this episode, stay tuned!

Get Excited and Inspired!

When you feel excited and nervous about pursuing something, this gives you more reason to dive into it! When you have that mission, goal, or your why that will serve as your motivation and inspiration, going through tough times will be easier. Start finding yours and take action! There are a lot of people that give up because their purpose is not strong enough to keep them resilient during their struggles. That is why it is also essential that we never stop trying to learn and building a better mindset. Regardless if you have become extremely successful, never forget those people who have helped you. Life is a continuous journey of learning and growing.

And for people who want to get into the real estate industry, David advises that the best time is to start now! Multifamily real estate can change your life for the better and help you achieve that freedom many people want to have. It can really provide you that peace and opportunity of having more time to spend with your loved ones! Trust your guts, listen to your emotions, find people who are trustworthy, and get into business with those you trust! Start overcoming your fears, get excited, and become inspired!

About David Iglewicz:

Father of two inspiring children and excited to be married to college sweetheart for 20 years.

Board-certified Pediatric Dentist since 2003 and Multifamily real estate investor

Dentist and shareholder | Children’s Dental Health | 10/2016-current

Currently, a practitioner 2-3 days a week and assist with onboarding of new doctors and train new assistants. Help to continue the active growth of CDH as it now spans into New Jersey, Delaware, and acquired a Residency program and will be forming a new Surgery Center. Assist current doctors in issues that may arise.

2018-Current

Started Investing in Multifamily. Learned as much as I could from the Agents and Brokers. Signed up for a wonderful coaching program for Real Estate with Rod Khleif and High Performance coaching with Faisal Ensuan. This inspired me to partner up with some of the best and brightest. Invested across the country in Multifamily as a Limited Partner to learn even more. Now as an active investor looking to close several deals in the next quarter.

2019

Invested in over 865 doors in Dallas, Shreveport, Lexington, and Sarasota

Coached by the great Rod Khleif

2020

Joined the Multifamily Masters Meetup and hosting meetups monthly

Had three deals under contract Pre Covid#19

Part of JV team closing on deal in June 2020

Resources:

· Email: dsi@Prostoig.com

· Contact: (610) 609-1396

· Website: www.prostoig.com

· LinkedIn: https://www.linkedin.com/

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The Mad Scientist of Multifamily with Neal Bawa

Tue, 29 Dec 2020 11:00:14 +0000

Join me and my co-host, Vince Gethings, as we chat with Neal Bawa about his experiences and the Grocapitus Investments data analytics system. Neal is known and acknowledged as The Mad Scientist of Multifamily, and you’ll surely know why in the episode! He also shares his data-driven strategies and tips in real estate that has helped many people achieve success in the industry!

About Neal Bawa:

Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $250+ million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that We can only manage what we can measure. His second mantra is that Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 300+ investors.

Neal serves as the CEO / Founder at Grocapitus, an iconic, data-driven commercial real estate investment company. Grocapitus’ 28 person team acquires and builds multifamily & commercial properties across the U.S. With more than 300 active investors and over 2,000 reviewing our projects, and the Grocapitus portfolio currently spans across 7 states with 12 projects and 2,000+ units/beds. The powerful Grocapitus brand has a cult-like following of data-driven demand presenter at conferences and events across the country. Over 5,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily Boot Camps. Tens of thousands listen to his podcast appearances and he has been featured in over 50 top-rated podcasts and radio shows. Neal’s asset management and revenue optimization techniques for multifamily are considered unique in the industry.

The Mad Scientist engages very frequently and deeply with his vast investor and RE Pro community, with tens of thousands of active connections and conversations across Facebook, LinkedIn, Meetup.com, Youtube, and other channels. Neal is a backyard tomato farmer and a protein diet health nut. He believes in positivity and Karma. He is passionate about the sport of Cricket and about the enormous potential of self-driving electric vehicles to solve the global climate crisis.

Resources:

· Website / Website

· Email / Email

· (408) 290-4136 / (415) 326-8878

· The Miracle Morning

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What to look for as a passive investor with Dan Handford

Tue, 22 Dec 2020 11:00:15 +0000

Join me and my co-host, Vince Gethings, as we chat with Dan Handford about what to look for as a passive investor. Dan is a Managing Partner with

PassiveInvesting.com, founder of the Multifamily Investor Nation, co-host of Tough Decisions for Entrepreneurs, and a Founding Board Member of the Fortify Foundation! He is a very successful individual that has started multiple seven-figure businesses from scratch. Listen to the episode now and learn more from Dan!

Stay Focused with a Mentor

It can be very difficult to concentrate on what you want to do with your company and goals in life while you are running a business. When there are many matters that require your attention and time, as well as several other innovations

influencing the industry, it is easy to get distracted. And sometimes, setting clear goals for yourself is not enough to get you where you want to go. However, with the help of a coach or mentor, they’ll be able to help guide you back to your mission. Especially now, with everything happening today, our level of concentration is not that focused compared to life without the pandemic.

About Dan Handford:

Dan and his wife, Dennae, along with their 4 children (3 girls and a boy), reside and work in Columbia, SC.

Dan has an extensive successful background in starting multiple seven-figure businesses from scratch including a large group of non-surgical orthopedic medical clinics located in South Carolina. His family of companies have annual budgets in excess of $10MM.

He is the founder of the Multifamily Investor Nation where he educates a nationwide group (9,000+ members) of multifamily investors on how to properly invest in multifamily assets.

He is the co-host, along with his wife, Dennae, of the Tough Decisions for Entrepreneurs podcast which can be found on iTunes and Google Podcasts.

Outline of the episode:

· [00:46] The story of how he got into the multifamily real estate space.

· [02:56] Dan is a passive investor in 25 different deals with 9 different operators.

· [04:00] Five things that Dan looks for as a passive investor when trying to place capital.

· [08:55] The kinds of criteria Dan looks for when getting deals as an LP.

· [10:55] The origin story of Dan’s partnership with Danny and Brandon.

· [13:25] Advantages and disadvantages of investing in Class A multifamily properties.

· [15:34] How they use digital marketing to grow a syndication business.

· [19:17] The effective way they use newsletter marketing strategy.

· [22:07] High barriers to entry markets have a lot of advantages.

· [28:35] A quick understanding of what the capital stack means.

· [33:04] Start asking the right questions to your potential LPs.

· [35:46] Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks!

· [36:31] Dan’s superpower is that he enjoys marketing and finding different ways to drive revenue.

· [36:58] One of the biggest reasons and strategies they do has greatly contributed to their success.

· [37:39] Having mentors and coaches will help you stay focused.

From engineer to $250M+ in assets under management with Venkat Avasarala

Tue, 15 Dec 2020 11:00:42 +0000

Join Matt Callihan and his co-host, Vince Gethings, as we chat with Venkat Avasarala about how he went from being an engineer to having a $300 MM under asset management and a portfolio of 3000 Units in DFW, Phoenix, Denver. Venkat is the principal and co-founder of Raven Multifamily, and they specialize in B & C class apartments and value-add investing.

Never Stop Adapting and Improving Yourself

Your business must learn how to adapt its products and services strategically in regard to the demand of the current market. If you want to scale faster or continue to thrive, it is important that you are attentive to the needs of your customers or clients. You will easily set yourself apart and it will increase your chances of success! Never stop improving yourself and your products. There is a lot to improve in every market. Focus on the weakness and what is lacking, then find a way to provide better quality!

Build Your Wealth: Create a Passive Income

Venkat shared in the episode that you should believe in yourself. It is okay if you have another job and you are happy in your company, but that shouldn’t stop you from investing! You can really achieve financial independence in multifamily real estate. Just go for it and believe in yourself! It won’t hurt to invest once in a while. It can help you a LOT! Sudden problems arising from getting laid off from a job can be avoided if people chose to invest properly!

About Venkat Avasarala:

Venkat is the co-founder and principal of Raven Multifamily, which is a powerhouse with a current portfolio of 2,918 units valued at just shy of a quarter-billion dollars. Venkat has several years of experience in strategic acquisitions and overseeing Operations of large multifamily assets. Venkat has a Masters in Electrical Engineering from UAH, Alabama, and worked for 14 years in IT Domain at several Fortune 500 companies such as PepsiCo, Halliburton, Bank of America. Venkat’s last corporate job was as an SVP in Global Transformation on Operations LOB with Bank of America. Since 2006, Venkat lives in Plano, Texas, with his family.

Outline of the episode:

· [02:48] The situation that made him realize he needed to have a passive source of income.

· [07:30] Having a great partner who can complement your skills will really help you out.

· [11:20] Venkat and his partner bought their own property in 2016 and left their job in 2018.

· [13:40] It is all about leveraging other people’s time to accomplish your plans.

· [14:39] Building your network with the right people can greatly impact your mindset.

· [17:10] Going from a B or A class asset to doing ground-up construction.

· [20:37] The reasons why they decided to get into the development side of properties.

· [29:54] The beauty and importance of proper development.

· [32:41] Venkat’s KPIs suggestions and market he is currently looking at.

· [38:11] The adjustments Venkat made to his underwriting during this pandemic.

· [44:27] Continuously looking for things to improve to keep up with the changes.

· [53:18] The ONE Thing was written by Gary Keller, the importance of not multitasking!

· [53:54] Venkat’s superpower is finding people who are best in what they do and getting things done with them!

· [54:51] Be happy in whatever you do and don’t let anyone tell you differently.

Wealth, health, and success through real estate with Jason Yarusi

Tue, 08 Dec 2020 12:00:26 +0000

Join me and my co-host, Vince Gethings, as we chat with Jason Yarusi about achieving success and financial freedom through real estate. Jason is a podcaster, real estate investor, a multifamily syndicator, and the founder of Yarusi Holdings. In this episode, he shares his tips on how to scale your business quicker, the importance of doing your due diligence, tools you should consider using, and the value of having persistence.

What Does Financial Freedom Mean to You?

A lot of people tell us that we can achieve financial freedom in the real estate industry and all the amazing benefits we can get. We mostly hear about their success stories and wins, but less about how to actually get there and the sacrifices you have to make. You have to first figure out what financial freedom really means to you and the amount of effort you are willing to put into it. Achieving financial freedom is a dream for many people; however, you won’t achieve that if it only remains a dream without action. It will only become a desire if you do not set goals and plans. Financial freedom may mean having more time to spend with your family, getting to retire at a young age, being debt-free, and many other reasons. Whatever it is, make sure that your purpose and drive is strong enough to push you into not giving up.

Why Being Persistent is Important

Face it, most of the time things do not go according to plan. There are so many situations that are out of our control and failures we will make. And when some people fail, they’ll almost immediately think about giving up because they feel like everything is against what they want. The reality is life will always push you around, and it is not easy. Failing is not a failure; it is an opportunity in disguise. However, when you decide to quit, that is when you fail. That is why being persistent is so crucial to achieving your goals. Before successful people achieved real success, they had to experience a lot of hardships and situations that made them want to quit. Yet, they stayed dedicated, persistent, and worked hard. Most importantly, persistence doesn’t mean staying when you know you deserve something better. Never be afraid to divert your time and attention to other matters that you think will provide you a better life and experience.

About Jason Yarusi:

Jason is an active Real Estate Syndicator. In 2016 he founded Yarusi Holdings along with his wife Pili, a multifamily investment firm. They are General Partners on over 800 units with 450 units under management. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding. They are hosts of The Jason and Pili Project. A project to serve those looking to lead a Fit, Rich Life.

Jason and Pili are founders of the New Jersey Multifamily Foundation Club with over 2,200 members that focuses on Real Estate Syndication and Multifamily Investing.

Jason has started and exited multiple businesses in the past 15 years, and the family construction business has a niche industry position in raising and moving structures. The company has elevated over 2,000 homes in the last seven years alone.

Commercial real estate financing 101 with Will Coleman

Tue, 01 Dec 2020 12:00:23 +0000

Join Duc and Steve, as we chat with Will Coleman about commercial real estate financing 101. Will is the Director of Finance at Rand Commercial Real Estate, helping investors find the best financing option for their commercial real estate deals. In this episode, he shares his pieces of advice on how to build a relationship with lenders, the advantages and disadvantages of hiring a mortgage broker, and more!

Real Estate is a Relationship Business

In real estate, your relationship with your team and clients is the foundation of your business. Every business opportunity and deal will revolve around people. And how well you get along with everyone is the key to the success of your business. Therefore, it is so essential that you not only invest in yourself but also in your network. This will open more doors of opportunities for you and can help your business survive a bad situation in the market. Make sure you value those relationships and do your best to nurture them. Every person will want to do business with someone they like, and if you handle these with care, you will have clients for life.

Failure is an Opportunity to Improve

Fail, reflect, and improve.

Successful people have a tremendous amount of failures hiding behind their success stories. Failures should not make you cower in fear, but on the contrary, make you feel more excited and become braver! How you reflect on your mistakes is important because this will affect how you think and handle situations. If you continuously see failing as an opportunity to grow, you will never really fail again. Even the wealthiest people in the world commit mistakes and have bad days; these experiences are vital to your success. If you deal with these circumstances wisely, it will set you apart from a lot of people who let it affect them negatively.

About Will Coleman:

Will Coleman graduated from Liberty University with a Bachelor of Science in Business Administration: Economics. In 2016 he began his real estate career by investing in and self-managing single-family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst being responsible for accurately underwriting the credit quality of borrowers, properties, and markets in Texas. In 2017 and 2018, Will also worked as an independent contractor for Lifestyles Unlimited as a Multi-Family underwriter.

Scaling from 32 to over 700 units under management with Juan Vargas

Tue, 24 Nov 2020 11:00:19 +0000

Join me and my co-host, Vince Gethings, as we chat with Juan Vargas about scaling from 32 to over 700 units, focusing on your goals and teamwork. Juan is the founder of GenWealth Capital Group, where he oversees over 700 units and is an equity partner in over 1500 units. He is actively engaged in all aspects of real estate sales, investment, management, financing, and construction, with more than 10 years of experience. In this episode, he also talks about the importance of taking risks and moving forward.

Focus On Your Goals

It can be more challenging to pursue a dream when you’re easily distracted by other things or what people will say. It takes a lot of time and dedication to discipline yourself. Nonetheless, you have to start somewhere! Surround yourself with people that will understand your plans and support you along the way. Stop worrying about anybody else, start investing in yourself, your goals, dreams, and don’t let it go. Write them down, monitor your thoughts, train your mind, avoid distractions, keep motivating yourself to move forward, and live your life on a purpose.

You Will Never Feel 100% Ready

No matter what opportunities arrive in your life, you will never be 100% ready. There will always be doubts and things you cannot control. You do not need to have everything at 100% to start doing what you love because that is impossible. And if you truly want something strong enough, you will take risks even if you are afraid. Not taking action should never be an option for you. Be willing to burn the ship, sacrifice, struggle, fail, and make mistakes to reach success. Stop holding yourself back from the better life you could have! Don’t look back and start making changes.

Resources:

· Juan Vargas’s LinkedIn

· Company Website

· Personal Website

· Podcast

· Twitter

· The Cashflow Quadrant

· Multi-Family Millions

· Emerging Real Estate

· E-Myth Revisited

· The Everything Store

Connect with Cashflow Project!

● “The Millionaire Real Estate Agent” by Garry Keller

CP33: Paying it Forward through Multifamily education and networking with Kevin Dugan

Tue, 17 Nov 2020 11:00:21 +0000

Join me and my co-host, Steve Fierros, as we chat with Kevin Dugan about giving back, educating, networking, and the importance of finding the right team. Kevin is the CEO of Altus Investment Group, where he has built a vertically integrated investment firm, including investment, property management, and general contracting. In this episode, he shares his strategies, beliefs, experiences, and pieces of advice.

Networking and Building Great Relationships

Business is all about the people and relationships you build. Your network can be one of the main reasons for your success. Networking is so essential because meeting other people will open more doors and opportunities for your company. And through these people, you will be able to learn, grow, and scale faster! That is why it is also important to bear in mind that although they can bring a tremendous amount of value to you, dealing with the wrong people might harm your company’s image. Be cautious, take time in building important relationships, and look for people who are headed in the same direction as you.

The Importance of Giving Back

The beauty and power of giving back should never be underestimated. While doing this can also be good for your emotional health, the impact you could have on other people’s lives can be greater! No one has ever reached success without receiving help from other people. And yet, some of these people do not like to give back and want everything to be about them, unlike Kevin Dugan and his team, who are big believers in giving back. It doesn’t always have to be about money. Volunteering, helping, educating, and providing value are great ways to give back! You do not have to be rich or the smartest person in the room to start doing this. Just imagine that other people would be able to reach bigger and life-changing opportunities because of the help they received from you. However, this shouldn’t make you feel arrogant but more humble. Why? Because you must realize that in a certain period of your life someone has done this for you as well.

About Kevin Dugan:

Kevin Dugan is a serial entrepreneur with a diverse background in building remote teams, acquiring underperforming assets, construction management, asset management, and dynamic experience in industrial b2b robotics sales for the medical | aerospace | government |semiconductor | gas & oil sectors. He takes the complex and makes it simple.

He is currently the Managing Partner of Altus Investment Group, a fast-growing private equity firm with 35AUM that specializes in acquiring, repositioning, operating, and selling residential and commercial properties that are underperforming. His team implements systemized improvements and proven processes to maximize the net income of the assets. These investments did not achieve their potential due to poor management, operational inefficiencies, or outdated materials causing rents to drop below market values. Altus is vertically integrated with in-house property management, full-time general contractors, and an acquisition group.

He is big on education and teaches co-founded one of the fastest-growing multifamily meetup (MultiFamilyMasters.com) communities in Los Angeles that has grown rapidly to 7600 members in a little over a two.

He believes that holistic investing is an integral part of life. You should always be investing in yourself and your education, in your relationships and network, and your capital into secured investment vehicles. His passion is to create massive value and educate others to achieve financial freedom through active and passive real estate acquisitions.

A Los Angeles native, Mr. Dugan holds a degree from UC Berkeley with a concentration in Biology. He found his calling as an entrepreneur late in college after reading Rich Dad Poor Dad and is now on a mission to continuously create massive value for others.

CP32: Joint venture or syndications for multifamily real estate with Jerome Myers

Tue, 10 Nov 2020 11:00:20 +0000

Join me and my co-host, Steve Fierros, as we chat with Jerome Myers about joint ventures versus syndications; which one is better? Jerome is the founder of Dream Catchers and the Myers Development Group. Over the past few years of continuously achieving success, he has built a multi-million dollar portfolio. His real estate education company, Myers Methods, helps investors learn how to own and operate apartments. He also hosts two podcasts, the Dream Catchers and Multifamily Missteps.

Make Your Dream a Reality

As children get older and become adults, they forget about their dreams. Most of them will settle for a job, working 40 hours a week, because it is a source of income even though they are unhappy. They become afraid to take risks because of other people’s opinions and the risk of failure. This is one of the reasons why a lot of adults are not satisfied with their lives. When you’re not living your life on a purpose, you’ll experience and will feel burnouts more often. Sadly, it is not uncommon that some of these jobs requiring 40 hours a week have low paying salaries.

It is not too late to make your dream a reality. The best time to make it happen is now. It is okay to make mistakes and fail because, through those experiences, you’ll become more skilled and capable. When someone really wants something bad enough, that person will do everything it takes to achieve his goal.

Stop Pretending and Start Caring

Many people in our society have become so insensitive and callous. Others like to pretend to be someone they’re not and that everything is going well. They feel embarrassed to admit that something is not going right. Jerome said that if you ask for help and let people know that you’re struggling, they will care. It is unavoidable that others will not; however, you just have to find the right people that will. By doing this, you’re going to lift a huge burden on yourself and will make things easier or you.

People need to stop pretending, start helping, and focus more on caring. Kindness and empathy go a long way. These days, we need these now more than ever.

About Jerome Myers:

𝗜'𝗺 𝗮 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗱𝗿𝗼𝗽𝗼𝘂𝘁 𝘄𝗵𝗼 𝗵𝗲𝗹𝗽𝘀 𝗼𝘁𝗵𝗲𝗿𝘀 𝗲𝘅𝗶𝘁 𝘁𝗵𝗲 𝗺𝗮𝘁𝗿𝗶𝘅.

From the outside looking in, everything in my world was going to plan. My career was attached to a rocket. I was already making over 100 k, and I just finished my MBA at night. I'd married my college sweetheart a few years earlier, and our first daughter was happy and healthy. I had money in the bank, a huge house, my dream car, and the ability to travel out of the country regularly, but I was empty on the inside. I think most of us are like that.

We are silently asking ourselves, is this all there is to life?

Finally, I started asking my friends this same question and realized they were asking it too.

I decided we have to fix this.

After building a 20 MM division at a construction company and having to lay off my teammates two years in a row, I'd had enough and decided to become a full-time real estate entrepreneur.

My approach to (YOU):

In my approach to coaching, we use trust, openness, compassion, and direct communication to guide our clients on a range of professional and personal issues. By harnessing the power of counseling, consulting, and mentoring, we help them find their inspiration and use it as fuel to build the life they desire.

Our process is simple; we gain clarity around the current situation, perform a gap assessment to see what resources are missing, then create a customized strategy that delivers RESULTS.

CP31: Risks every investor should be aware of with Matt Christensen

Mon, 02 Nov 2020 12:00:10 +0000

Join me and my co-host, Steve Fierros, as we chat with Matt Christensen about the risks every investor should be aware of. Matt is a Commercial Risk Advisor at the WA Group, coaching business leaders on how to structure a risk management program. In this episode, he also tackles on a lot of different kinds of insurance, and policies.

Why Do We Need to Take our Insurance Seriously?

Having insurance allows you to have a safety net for future possible property damages and losses. There are a lot of different kinds of insurance that are offered out there. It is important to know these and take them seriously because your insurance will save you from potential risks. Thus, if you are not aware of what kind of insurance can help you avoid paying a large amount of money and do not have anyone to advise you, that is a huge loss. You will have to pay for something you could have avoided.

In the real estate industry, having insurance is essential, especially for small business owners. This helps and provides you protection, financial security, peace of mind, and business stability. I cannot stress enough the importance of having insurance. However, Matt shares a ton of advice and information about this in the episode that you will surely not want to miss.

Learn by Being Part of the Process

If you want to achieve financial freedom, you must first learn and hone your skills. One of the most helpful ways to do this is by learning from other people and their experiences. Matt said, asking other people you trust to be part of their deals or processes with just the purpose of gaining knowledge is a great strategy that will help you grow. Most people want to help others learn and sometimes show off what they are capable of doing. If they do not want to help you, there are always other opportunities out there and people who might. Never hesitate to ask for help and advice. Find people who are going to challenge, guide, and support your growth.

About Matt Christensen:

Matt is working as a Commercial Risk Advisor with the WA Group based out of Minnesota.

He is a licensed property & casualty insurance agent with a specialty focus in all things commercial property, including multi-family. Matt is a reading enthusiast, open-minded, and is a basketball nut.

CP30: How to keep more by saving on taxes through eQRP's with Damion Lupo

Tue, 27 Oct 2020 11:00:15 +0000

Join me and my co-host, Steve, as we talk with Damion Lupo about eQRP® and why it’s the best investor tool for tax-deferred and tax-free investing. Damion has over 20 years of experience as a professional investor, having built and lost a $20 million business in single-family rentals to recreate that wealth again. He's a serial entrepreneur of over 50 companies and is most recently known for a retirement tool called the eQRP®. He’s going to share some great gems involving eQRP®, as well as his holistic approach to real estate investing. Stay tuned!

What is eQRP®?

eQRP® or Enhanced Qualified Retirement Plan is a checkbook retirement account for responsible entrepreneurial investors who would like to gain more control of their retirement money. It offers more access to assets usually not allowed in traditional IRAs such as buying real estate properties or even gold.

Almost all entrepreneurs can qualify for an eQRP®, whether it’s an online business, a consulting business, or if you’re a solopreneur or part of a partnership or corporation. Damion emphasized, though, that an eQRP® account is not for the reckless. It is ideal for people who can take total responsibility for their finances.

About Damion Lupo:

Born with an entrepreneurial spirit, Damion started his first business at age 11 (even hiring his parents for logistics support). Over the last quarter-century, he's started and owned more than 50 different companies, including an insurance agency, precious metals firms, a venture capital company, a coaching and consulting firm, and more than a dozen real estate investment and development companies. He’s also the founder of Yokido ™, his own martial art, and holds three other black belts.

He is a sought after financial consultant for high profile private clients. Using a vast depth and breadth of knowledge on financial markets, money psychology, and unconscious pattern motivation, he’s an expert at quickly assessing hidden financial cancers and holistically healing his clients and organizations through awareness, empowerment, and vision development.

Damion’s personal philosophy centers on Self Responsibility and a conviction that the only path to freedom is through candor, growth, and a big vision. That big vision ideal is what drove him to narrow the focus on the Retirement System and teach about the eQRP®, a tool to design retirement vs. get destroyed by it.

Outline of the Episode:

● [01:33] From a $20 million portfolio into a negative five $5 million net worth

● [03:31] The shift from a consumer mentality to a contributor mentality

● [05:27] What is eQRP®? Why is it considered the Ferrari of retirement accounts?

● [06:45] What's the difference between eQRP and self-directed IRAs?

● [09:23] The effect of the Cares Act to retirement accounts

● [11:14] What can or can't you invest in eQRP®?

● [12:24] Why should you use eQRP® instead of directly investing in the assets themselves?

● [14:16] Avoid self-dealing and choosing the cheapest route!

● [16:58] Being the best at one thing instead of being the best at everything

● [21:32] The 10X rule versus the 5X rule. How to push yourself without breaking?

● [23:15] Stepping away from conventional wisdom and falling in love with the work

● [26:32] How can you use eQRP® with a Roth account to not pay taxes for 50-70 years?

● [31:33] Damion's business book recommendation

● [32:48] Giving yourself the gift of stillness

● [33:36] A quick background about Yokido

Resources:

CP29 How to defer multifamily capital gains taxes with 1031 exchanges with Alex Shandrovsky

Tue, 20 Oct 2020 11:00:14 +0000

Join me and my co-host, Vince Gethings, as we chat with Alex Shandrovsky about deferring capital gains taxes with 1031 Exchanges. Alex is a Business Development Representative of the Zero Energy Solutions. Prior to that, he was the CEO and founder of Lchaim Foods, and a qualified intermediary (QI) for Madison 1031. He is very knowledgeable in a lot of different industries. In this episode, Alex generously shares his time in educating the listeners about 1031 Exchange, DST, capital gains, and more!

What is a 1031 Exchange?

The 1031 Exchange is named for Section 1031 of the U.S. International Revenue Service’s tax code. This section states that if an investor has made a profit from a real estate investment, the capital gains tax can be deferred if they purchase another property of the same kind with an equal or greater value at a limited time. The International Revenue Service limits the time to 45 days after selling the primary property. Within 45 days, you must already have a replacement property. If you fail to close on a property at the given time limit, you will have to pay capital gains tax. A qualified Intermediary plays an important part in this exchange because this person will be responsible for holding the 1031 Exchange funds. If you want to defer paying capital gains taxes and leverage your rental properties, 1031 Exchange would be a great strategy to achieve these. This may sound easy for other people, but it can cause you more money when it is not done correctly.

Delaware Statutory Trust

“As a backup, if your 1031 Exchange fails, maybe you couldn’t name a property in 45 days or what reason fails; you can put it in a DST.” - Alex Shandrovsky.

A Delaware Statutory Trust (DST) is a legal entity created under the Delaware law, mostly used in real estate investments, allowing multiple investors to work together in pooling money for investment purposes. DST is a great vehicle, which can potentially provide you a stream of income. Some investors do not want to be a part of a DST because of the restrictions and limited control they may have depending on their agreement with respect to the other trustees. This can typically be up to 499 investors, with a minimum of $25,000 investment requirement.

Outline of the episode:

• [00:34] What exactly is a 1030 exchange expert or a qualified intermediary (QI)?

• [01:29] He built a multi-million dollar business serving companies like Airbnb, Google, and Facebook.

• [02:12] Alex was the CEO and founder of Lchaim Foods, a large catering company.

• [04:45] In real estate, you're essentially creating assets for yourself where you're creating multiple streams of income.

• [06:22] Tax Code 1031, the ability to reinvest the proceeds into an exchange property and defer capital gains.

• [10:43] The challenges of bringing in a 1031 investor to multifamily syndication.

• [17:37] Syndicators need to give a structured statement to their CPA or QI. There are different levels of aggressiveness on how your strategy should be.

• [20:25] The crucial role of a Qualified Intermediary in dealing with a 1031 Exchange.

• [22:36] Is Delaware Statutory Trust (DST) a safe option or a good investment?

• [27:08] The powerful combination of using Podcasts and personal meetups as tools for digital marketing.

• [30:19] 1031 in a simple definition, what can and can it not be used for?

• [34:00] What are the questions you should ask when making a 1031 deal?

• [36:50] Let everyone know at least a year in advance if you’re planning on selling the property.

• [41:07] Using cost segregation on another building to offset a capital gains tax. Give yourself as many options as possible.

• [45:39] Make sure to pick the right partners and qualified people to work with,

• [50:33] The best books for Alex that he recommended are: Getting the Love You Want, and Never Split the Difference

• [52:28] When is Alex’s book coming out? What are his side hustle projects?

CP28 Multifamily syndications and operations with Kyle Jones

Tue, 13 Oct 2020 11:00:09 +0000

Join me and my co-host, Vince, as we chat with Kyle Jones about how he transitioned from starting out in the single-family space to multifamily real estate. Kyle is the co-founder of TruePoint Capital and the American Grid Company.

50% to 100% Occupancy Rate

Kyle had an experience with a 56 unit deal where he had to take the occupancy rate down to 50% within the first three months of owning the property. There were a lot of residents at that time that was refusing to pay. The property manager had to remove the bad tenants. With the vacant units, they were struggling to lease them back up. Then, Kyle decided to renovate when the occupancy rate was low. And by month nine, they were able to bring it back to 100% occupied. An excellent performance and achievement by Kyle because he was able to accomplish that in less than a year! This experience shows that he has great leading and management skills.

Staying Connected With Your Property Managers during COVID-19

Human connection has significantly decreased over the past few months. A lot of people are struggling because of the massive changes in how we normally do things. This has impacted almost everybody’s mental health. That is why it is necessary to keep everybody engaged in the business, especially now because of the COVID-19. Staying connected with your property managers will be one of the driving forces that will help your business survive the pandemic, through conducting weekly calls, chats, and meetings. By doing these, you’ll be able to check up and be updated with their current situations. Keeping them aligned and headed towards the same goal or direction, thus holding the property managers accountable for their roles and responsibilities. Furthermore, your small acts of checking up on how they are handling this pandemic will help alleviate their stress, even just a little.

Outline of the episode:

· [00:36] Multifamily real estate is the best asset class to start investing in.

· [04:14] Successfully building cash flows provide a financial security blanket.

· [05:40] Transitioning from investing in the single-family space to the multifamily real estate. You can make more money by aiming and going bigger.

· [07:39] The benefits of having a partner in the real estate industry. Why did Kyle Jones decide to create and build a partnership?

· [08:34] The real estate portfolio of Kyle consists of mostly an incredible 100 unit plus buildings.

· [10:23] Businesses are slowly rising from the devastating impact of the COVID-19.

· [11:56] Raising 50% occupancy rate to 100% in a short period.

· [14:44] It is very important to find the right property managers who will listen and understand your strategies

· [20:00] The struggle of looking and acquiring new deals during the COVID-19.

· [24:15] Increasing the net operating income by focusing more on collections and managing your expenses better.

· [28:46] Staying engaged with all your property managers through having weekly calls.

· [31:20] What are the key changes that Kyle has made with the underwriting in dealing with this pandemic?

· [32:39] The Multi-Family Millions by David Lindahl, a book that has helped Kyle the most in learning about the multifamily space.

· [33:26] Kyle’s superpower is his amazing capability of building rapport quickly.

CP27 Generate additional income through utilities and cable contracts with Kevin Gardner

Tue, 06 Oct 2020 11:00:16 +0000

Join me and my co-host, Steve Fierros, as we chat with Kevin Gardner about earning additional income through utilities and cable contracts. Kevin is the Managing Partner of Telecom Marketing Strategies and the Multifamily Utility Solutions. Multifamily Utility Solutions was established to help multifamily property owners with their utilities and overseeing access agreements. The demand for this grew, and now they provide their service throughout the US! In this episode, Kevin shares with us the amazing opportunities you can find when offering services like these.

Looking for New Business Opportunities

With a lot of different businesses in the world, innovating and looking for new business opportunities is not easy. It can be overwhelming for some people to start and provide a service that’s uncommon. Compared to franchising a known brand, the risk of failure is higher. That’s why it takes a lot of dedication and passion to start building your own business from the ground up.

Generating Additional Income through Cable Contracts

Kevin shared some interesting trivia with us. He said that even if multifamily property owners do not pay for their residents' cable, the cable company will still need their permission to be on their property.

That’s where the Multifamily Utility Solutions service comes in. They negotiate with the cable company for you, to get you compensation for giving them the right to be on your property. They help you form the agreement with the cable company. This also helps generate additional income for multifamily property owners.

There are two types of agreement: the bulk build, and the right of entry. In the bulk build agreement, the owner pays for all the residents' cable. The advantage of this is that because the multifamily property owner is purchasing in “bulk,” the consumers will have to pay less. Instead of paying for the entire cable connection, they will be charged per unit cost. The other agreement is called the right of entry. All you have to do is grant the cable company the right to be on your property. You will not be charged anything, and you will still receive compensation. It’s like hitting two birds with one stone!

If you have more questions about these agreements, tune in and enjoy the episode now!

Outline of the episode:

· [02:55] An overview of Kevin Gardner’s company.

· [05:52] The ideal unit size or property size they work with.

· [10:03] Two types of agreement: the bulk build and the right of entry.

· [13:52] Educating multifamily owners about the opportunities they can get in having cable and internet property access agreements.

· [15:34] Be creative and look for opportunities. They’re there if you look hard enough.

· [17:51] Why is being a subject matter expert in one thing better than having many?

· [19:28] 30 years of building long-term relationships, improving quality of service, and growing the company.

· [24:48] What particular asset class provides better opportunities?

· [29:51] COVID-19 didn’t have any huge negative impact on Kevin’s business. People are using water, gas, electricity, internet, and cable connections now more than ever.

· [32:44] Make Elephants Fly, and If it Ain't Broke...Break It!

· [33:54] The ability to see things, how they connect, and how pieces come together

CP26: Give more, do more, and be more with Jamie Gruber and Benoit Malige

Tue, 29 Sep 2020 11:00:15 +0000

Join Duc and Vince, as we chat with Jamie Gruber and Benoit Malige about building partnerships and leveraging human capital. Jamie and Benoit are Co-founders of the Multifamily and More group, a real estate investment club, helping its members achieve their financial and lifestyle goals through real estate investment. With their fantastic partnership, they were able to take the company from just being in a local market to expanding nationallly.

The Advantages of Having a Co-founder

Starting a business is a big responsibility and a lot of work. You can only do so much as a single founder. It can be discouraging for people who do not want to share their control of decision-making; however, there are so many advantages when you have a Co-founder.

About Multifamily and More:

We interview guests on virtual platforms, organize meetups in multiple cities and host events and mixers all aligned with our goal. We exist because we were sick of REIAs existing just to make money without giving anything back. We’re committed to adding value and being a fresh face in the real estate meet up space.

Go to MultifamilyAndMore.com to find out more!

Outline of the episode:

· [01:01]The key takeaways of the episode.

· [01:46]How did Jamie and Benoit meet, and why did they decide to form a partnership?

· [03:09]The story of Jamie and Benoit’s journey of how they started to earn passive cash flow.

· [05:23]Three ways you can build a passive income. Work hard on building credibility.

· [07:36]Reasons why should you start building passive cash flow.

· [09:52]Most recent deal they invested in and having the ability to overcome their struggles caused by the pandemic.

· [14:39]What’s their plan on the overall exit?

· [18:14]Figure out what works best for you. Relationships in business are essential.

· [19:50]Having good tenants depends on how well you screen them. Always maintain communication.

· [24:21]What are Jamie and Benoit’s biggest mistakes in the business? It’s incredible how their opposite traits balance their strategic partnership so well.

· [29:49]How did the Multifamily and More blow up from just being a local market?

· [36:20]What makes Multifamily and More different than the other investment clubs?

· [38:52]The systems, technologies, and applications that they’re using for their business.

· [42:56]Being authentic, looking at small cuts that you can make on the expense side, and leveraging the scale where it’s possible.

· [45:57]Never Split the Difference, Interview with the Devil, Think and Grow Rich, How to Win Friends and Influence People.

· [50:29]Where are Jamie and Benoit’s favorite destinations?

CP25: Multifamily investor portals and real estate software with Jake Marmulstein

Tue, 22 Sep 2020 11:00:18 +0000

Join me and my co-host, Vince, as we talk with Jake Marmulstein about multifamily investor portals and real estate software. Jake is the founder and CEO of Groundbreaker, a company offering software application that helps real estate investment firms automate workflows in fundraising, investor reporting, and investment management. He’s going to walk us through the process of growing a business from the ground up. Stay tuned!

A Problem that Turned to an Opportunity

In 2011, Jake was handling all the different things in his investment firm. From file storage, emailing back investor information, managing the data, keeping all the data accurate, doing back of the envelope calculations, and preparing presentation materials for investors. Everything was done manually! He found that it was a very repetitive and laborious process to maintain the work that they had at their company. He was looking for a more efficient way but couldn’t find any available solution offered in the market. It was then that Groundbreaker became a seed in his mind. He started his journey to building a company that helps real estate investment firms streamline capital fundraising and investment administration.

Improving Investor Relations

Building trust with your investors is integral if you want to scale your business. Jake points out the importance of being consistent when it comes to providing updates to your investors. Especially for people who are putting money into your business for the first time, these people would appreciate the level of honesty and consistency from you, as a business owner. Whether it’s about the wins or the challenges your company is facing, you’ll be surprised at how understanding investors can be if you just come to them with a degree of transparency in managing things.

About Jake Marmulstein:

Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early-stage companies, lead operations and finance, product, sales, and customer success efforts.

In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company.

Outline of the Episode:

● [01:27] From doing all the grunt work for his investment firm to offering software that helps people operate their business more efficiently.

● [05:01] How Groundbreaker started, and the challenges experienced along the way

● [08:55] Finding your core team and building out functional departments are essential to scale in your business.

● [13:04] What are the most common and trending real estate deal structures in the market?

● [14:23] Doing what you say you're going to do and keeping trust as you go along will improve investor relations. It all boils down to consistency!

● [16:58] Getting outside help from a mentor, advisor, or coach is immensely valuable.

● [20:15] How to vet and compare software for your real estate business? What are the things you should look out for?

● [23:20] Why hiring the right people, at the right time, is so important?

● [29:07] Being a good listener is a trait that is super helpful when you are running your own business!

CP24 House hacking and partnerships with Tony Angotti

Tue, 15 Sep 2020 10:00:16 +0000

Join me and my co-host, Vince, as we chat with Tony Angotti about house hacking, utility optimization, and choosing the right investment partners. Tony is a realtor with Deacon and Hoover Real Estate Advisors specializing in investment real estate in the Pittsburgh Area. He capitalizes in out of state investors, and he’s going to share his insight on how to develop those partnerships, and more. Stay tuned!

Getting into House Hacking

Tony came across the concept of house hacking when his wife introduced him to the BiggerPockets podcast. He realized that it’s a win-win solution to live and earn at the same time, in a property that you own.

House hacking is a good first step, either for first-time investors wanting to get into the real estate industry or someone who just wants to build passive income. Tony shares that with house hacking, he can start with a small capital and slowly leverage that into bigger investments and build cash flow that way. He considers himself someone who doesn’t want to be tied down to others’ obligations and prefers a more flexible lifestyle. The passive income he gets from house hacking perfectly fits his life preferences.

But while house hacking has its many advantages, Tony also cautions first-time investors on the possible challenges of going this route. He shares how it is crucial not to try to do everything on your own. In the beginning, Tony was his own property manager, handyman, numbers guy, basically doing everything required by his business. He realized that it was not sustainable to do that and to grow your business, you need to put a good team together to help you out. He is now in the process of hiring his first two employees, one of which is his dad, who will be working as his handyman.

From one duplex unit, Tony now owns roughly 80 units and is nowhere near stopping!

Outline of the Episode:

[02:29]- Discovering the potential in house hacking and real estate.

[05:10]- Deciding between hiring an outside property manager or bringing somebody into your own group. What are the pros and cons?

[10:23]- What are the challenges in purchasing class C or D properties?

[16:22]- Managing a real estate business in Pennsylvania amidst the COVID-19 crisis.

[20:30]- Starting in real estate as early as possible and getting people to help you with the business from the get-go. Don’t try to do everything on your own!

[23:31]- Why storefront properties are more challenging to fill than residential properties during the pandemic?

[25:26]- Separating the heating expense in targeted buildings can help increase the NOI - Utility optimization is a great strategy to explore!

[30:28]- What software to integrate into your asset management, particularly for record-keeping and accounting?

[34:54]- Finding somebody with the same character and attitude towards investing is essential!

[35:53]- How to raise capital money through private financing? Getting into the specifics of debt partnerships.

Resources:

● The 412 Agent

● Be Free RE Podcast

● Linked In

● Facebook

● Instagram

● Bigger pockets

● “The Millionaire Real Estate Investor” by Garry Keller

Connect with The Cashflow Project!

● Website

● LinkedIn

● YouTube

● Facebook

● Instagram

CP23: Keep more through cost segregation studies with Yonah Weiss

Tue, 08 Sep 2020 10:00:26 +0000

Join me and my co-host, Matt, as we chat with Yonah Weiss about why depreciation isn't necessarily a bad word and how you can use cost segregation to increase your tax write-offs and your cash flow.

Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has helped clients save tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice. He’s going to discuss how cost segregation works and who should use it. Stay tuned, and enjoy the episode!

Depreciation and Cost Segregation

Cost segregation is a way for you to save on income tax from your real estate investment and increase your cashflow by accelerating depreciation deductions.

Looking at depreciation from this viewpoint, it wasn't such a bad thing after all. By speeding up your assets’ depreciation, you can offset any income that you generate from your real estate investments and drive your bottom line.

Cost segregation is a simple yet powerful tool that you can use as a real estate investor to increase property value and increase cash flow. And if you haven't done a cost segregation study for your investment properties yet, now may be the right time to explore this option.

About Yonah Weiss:

Ever since I was young, I have been a teacher; my grandmother used to call it “the family business.” The principle “If you know ABCs--teach ABCs” has always resonated with me. It’s what drove me to teach professionally for over a decade, and it’s what continues to drive me to help people save tons of money on income tax or invest in real estate.

Outline of the Episode:

● [01:44] - Defining and understanding what depreciation is

● [05:39] - Cost segregation is just an advanced form of depreciation.

● [6:39] - Who should use a cost segregation study?

● [8:40] - Why would someone perform cost segregation when the depreciation is recaptured at exit?

● [10:44] - Recapture tax is something very serious that you need to consider when buying a property.

● [12:45] - The price point of a cost segregation study based on the scope of work of the project

● [14:48] - Madison SPECS' free feasibility analysis estimate

● [16:52] - How will a cost segregation study increase your cash flow as a property owner?

● [21:19] - You do not have to do cost segregation in the first year of ownership. You can get it retroactively.

● [24:00] - When is the right time to do a cost segregation study?

Resources:

● Linked In

● Personal Website

● "Tax-Free Wealth" by Tom Wheelwright

● Facebook

● Podcast

● Virtual Real Estate Meetup

Connect with The Cashflow Project!

● Website

● LinkedIn

● YouTube

● Facebook

● Instagram

CP22: From Military to Millionaire with David Pere

Tue, 01 Sep 2020 10:00:38 +0000

Join me and Vince as we chat with David Pere about his journey going from being in the military to successfully getting into real estate and eventually starting The Military Millionaire Podcast. David is an active-duty Marine who dived into the real estate business in 2015. From house-hacking a duplex with FHA loan, and buying a 10-unit apartment in Missouri while stationed in Hawaii, he has definitely come a long way! He made it his mission to teach personal finance and real estate investing to service members and the working class!

From Military to Millionaire

Just like most people who have gotten into the industry, David attributes the beginning of his real estate jump to the book “Rich Dad, Poor Dad”. In less than 3 months from reading it, he decided to house-hack a duplex and figured that it works, and that he wants to keep doing it.

He realized that he prefers the buy-and-hold approach in investing because once the property is purchased, and you have a good team in place, you don't have to do very much with it, and it will grow over time. Since then, he had purchased several buy-and-hold investments and has started his own company.

To him, real estate investment is not that complicated and anyone who wants to try it, should just go for it and make that jump. However, he pointed out the importance of learning everything you can about the industry and setting your goals from the beginning.

Getting into Podcasting

David shares how his desire to document what he was doing was what got him to start on podcasting. He thought about starting a blog but couldn't think of anything else to talk about. And then, out of nowhere, The Military Millionaire Podcast was born with the goal of teaching service members and veterans how to build wealth through real estate investing, entrepreneurship and personal finance.

About David Pere:

● David is an active-duty Marine

● David is a Command Financial Specialist (military finance advisor)

● He is a buy-and-hold investor in residential, commercial, and multi-family real estate.

Outline of the Episode:

● [1:19] - David shares how the "Rich Dad, Poor Dad" book inspired him to start investing in real estate.

● [2:49] - How’s it like buying in this new COVID reality we're in?

● [5:26] - When starting in real estate, you have to learn everything you can.

● [8:05] - Why does David prefer the buy and hold strategy?

● [9:28] - David recounts how he was able to acquire a 10-unit property through creative financing.

● [13:30] - David talks about capital financing and the property he acquired in Missouri.

● [16:31] - A lot of people get into real estate, but they don't set out with a goal in mind.

● [19:39] - David gets into the most costly mistake he made.

● [24:15] - Easy ways to tweak and save on expenses!

● [29:39] - What are the benefits of having a podcast?

● [31:56] - David shares how he got into podcasting.

● [36:14] - The difference between LP and GP

Resources:

● From Military to Millionaire

○ Website

○ Podcast

○ Facebook Group

○ Youtube

● "Rich Dad, Poor Dad" by Robert Kiyosaki"

● "The Multi-family Millions" by Dave Lindahl

● "How to Invest in Real Estate" by Brandon Turner & Joshua Dorkin

CP21: How to Use a Self Directed IRA to Invest in Real Estate

Tue, 25 Aug 2020 10:00:15 +0000

Join Vince and Steve with Brian Eastman as they chat about what to do with your retirement accounts. Brian is a principal and senior consultant at Safeguard Advisors. He shares some options especially for accounts that are under performing and when you’re not satisfied with the current market volatility.

Brian’s company specializes in self-directed retirement plans with checkbook control. It serves as a tax-sheltered bucket of money, like any other retirement plans out there. Aside from the investment flexibility in self-directed IRAs, it also has a higher contribution limit. This type of plan benefits people who have been working for a while, those who have accumulated some money and have changed jobs at least once.

The nature of the investment with a retirement plan can create tax implications, depending if it is in a small business, an LLC or a corporate one like Ford. This can be a deal breaker or not depending on some conditions. There might even be a loss of gross return to taxation. In short, there is a cost in participating in these investments.

Brian discusses how some people had their 401(k) become a 201(k) in the period of 2008-2010. A lot suffered some loss, while some just froze. Investments took a pause for two weeks and now Brian said that they’re starting to see an uptick. This crisis has made people pay attention to their retirement funds and when they do, they may want to be diversified.

Brian discusses investing in a mix of asset classes in real estate and real estate-backed, ventures, and partnership interests. He said that there’s still a tremendous deficit in real estate supply and there might be people who are currently homeowners that are going to become renters. He sees that there will be an increase in the demand for rental property in the near future. So, it may create some buying opportunities in real estate investments.

Outline of the Episode:

● [02:00] Self-directed IRA and the solo 401(k) plans

● [04:00] Who benefits the most in self-directed IRAs

● [05:12] Tax issues in retirement vehicles

● [06:50] Self-directed IRAs are meant to be investing at arms length in passive-income producing things

● [08:40] Taxes on leveraged investments

● [10:50] There is a cost in participating to investing

● [13:20] Market volatility during Covid-19

● [17:16] The minimum amount to invest

● [18:55] Different kinds of arms-length investments

● [22:22] Brian’s experience in investing

Resources:

● www.IRA123/tricity.com

● irainfo@ira123.com

● @SafeguardIRA

● 877-366-4074

● Safeguard Advisors

● How to win Friends & Influence People - Dale Carnegie

● The Call of the Wild (2020 Film)

Connect with The Cashflow Project!

● Tri-City Equity Group

● Facebook

● Instagram

● YouTube

● LinkedIn

CP20: Scaling through better systems and vertical integration with Jake Stenziano

Tue, 18 Aug 2020 20:18:27 +0000

Join Duc and Vince as they chat with Jake Stenziano about scaling through better systems and vertical integration. Jake is the best-selling author of ‘Wheelbarrow Profits” and “The Honey Bee” and the co-founder of Jake & Gino, the only multifamily real estate investment education company. He shares some valuable tips on how to invest in and manage a multifamily space so stay tuned and enjoy the episode!

Multifamily is a Long Game

For those who are considering entering this industry, Jake stresses that multifamily is a long game. You have to make sure you are in it for the long haul. For him, it is important to not rush the process especially in the beginning. Jake shared how he and his partner Gino focused on two to three deals a year to make sure that those deals are going to make sense and work for their group. They focused on quality, fulfillment and service, and it paid off!

About Jake Stenziano:

Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration.

Outline of the Episode:

- Jake shares an interesting phenomenon that opened his eyes to the potential in real estate.

- The beginning of his partnership with his co-founder Gino Barbaro

- The reasons behind why they decided to go the multifamily syndication route.

- Jake recounts the biggest challenge they've encountered in their business so far.

- Multifamily is a long game and you should not rush the process.

- Keeping their business going despite the COVID-19 pandemic.

- There is a multiplier effect when you bring people with complementary skill sets to work together.

- How to determine if scaling vertically is right for you? What questions should you ask yourself first?

-Jake talks about the business ecosystem they created which they call The Rand Powerwheel.

- Tips and tricks on how to increase the NOI when acquiring a property

- Jake talks about his favorite book "Atlas Shrugged" by Ayn Rand

- What does Jake consider as his superpower?

- The importance of getting clarity through all levels of your business

- To win in multifamily, you have to be in the game for the long haul!

- Jeff's gives his advice for busy working professionals who would like to achieve financial freedom.

Resources:

· Jake & Gino

· "The Honey Bee" by Jake Stenziano & Gino Barbaro

· "Wheelbarrow Profits by Jake Stenziano & Gino Barbaro

· "Atlas Shrugged" by Ayn Rand

· Francisco d'Anconia's 'Money Speech' from "Atlas Shrugged"

Connect with Tri-City Equity Group!

· YouTube

· Getting Things Done" by David Allen

CP19: How to escape the W2 rat race with Brent Kawakami

Tue, 11 Aug 2020 22:58:37 +0000

Join Duc Ong and Vince Gethings as they chat with Brent Kawakami about how to escape the W2 rat race. Brent Kawakami is the VP of Acquisitions at Think Multifamily. He has been investing in multifamily since 2015 and has invested in over 600 multifamily units in Texas, Georgia, Kansas, and Ohio. He recounts his journey from simply wanting to learn about passive cash flow, to getting his first 100+ unit acquisition, quitting his 9-5 and finally going fulltime on multifamily investing. He also shares the challenges, best practices and ninja tricks he learned along the way to help others who also want to leave the W2 rat race and start a more purposeful life. You don’t want to miss this!

While most people tend to define their financial freedom goals through numbers, Brent shared that he prefers not to set a specific figure for himself. He believes that the business and the number you make should be based on your lifestyle, purpose and personal enjoyment, and not just some random number. To him, going bigger just for the sake of becoming bigger is not necessarily the best thing. He added that it is important that you find what it is that’s going to give you the most fulfillment and that in itself is a great indicator on what it is that you want to achieve as you go through your own financial freedom journey.

Brent has been investing in multifamily since 2015 and has invested in over 600 multifamily units in Texas, Georgia, Kansas, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single family houses in the Dallas, TX area. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas. He has worked as a consulting engineer in the power/energy industry leading numerous multi-million-dollar projects and has been responsible for the development of over $1B in construction projects.

Outline of the Episode:

· Brent shares how he started his journey to earning passive cash flow.

· How did he decide on real estate over all the options he considered?

· Quitting his high-paying W2 jobs and how he made it possible.

· Making sure your climbing the right career ladder.

· The biggest challenges in deciding to quit your W2 job.

· Defining your own financial freedom goal, and not just by numbers.

· What is your "WHY" for building passive cashflow?

·Brent recalls his first 100+ unit acquisition.

· How the COVID-19 pandemic has affected his collections.

· Brent and Vince share their respective company's strategies to mitigate collection lost

· The best practices for managing third party managers. Making weekly calls is one of them!

· Brent & Vince share their favorite ninja tricks for increasing NOI.

· Weighing on the pros & cons of hiring VAs for your business.

· Not being pushy and being able to say "NO" as an effective approach to get potential but hesitant investors.

· The importance of having outside perspective. Listen to your wife more!

· Brent shares 2 of his favorite and highly recommended books: "Getting Things Done" by David Allen and "Happy Money: The Science of Happier Spending".

Resources:

· Think Multifamily

· The 4-Hour Work Week

· "Happy Money: The Science of Happier Spending"

· Robert Kiyosaki

Connect with Duc Ong!

· YouTube https://www.youtube.com/channel/UCy6jjNXZbkUnfLMb5pZT_xg

· Facebook https://www.facebook.com/tricityequity/

CP18: How to be a hands-off investor with Brian Burke

Tue, 04 Aug 2020 10:00:40 +0000

Join Duc and Vince as we talk with Brian Burke about how to be a hands-off investor. Brian is the CEO of Praxis Capital and has acquired over half a billion dollars’ worth of assets over 30 years. He has never lost a nickel of investor’s money during his career!

Brian gets into his “buy and watch” approach, which is useful during the current market climate. Usually, investors go into deals with a fixed mindset of either “buy and sell” or “buy and fix.” The “buy and watch” strategy gives more room to be flexible and see what makes sense. What Praxis Capital does is when they buy a property, they improve everything to improve the income stream, and wait for the right time to exit! Stay tuned to hear more from Brian!

Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets.

Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 750 properties, including over 3,000 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self-storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $500 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $200 million of real estate assets under management.

Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and a frequent public speaker at real estate conferences and events nationwide.

Outline of the Episode:

More than twenty years of using investor money to acquire real estate through many market cycles.
A passion for providing passive cash flow for other people.
A disaster of a deal and coming to understand the enormous impact that an adverse economic climate can bring.
The similarities with Hurricane Harvey and COVID. Job loss, income loss, no evictions, and inability to go anywhere.
Gauging when the effects on real estate from COVID are going to normalize.
Reminding the responsibility to pay rent and conveying the message that you’re on their side.
The “buy and watch” strategy, not a “buy and flip” nor a “buy and hold” type of investor.
Going vertically integrated, bringing everything in house, and managing properties that are in their own portfolio.
Value-add opportunities and cutting expenses. They combined a 255 unit property with a 284 unit property, creating ten to fifteen million dollars’ worth of value in 18 months!
Homerun hurdles and setting yourself up for grand slams.
Putting more focus on driving revenue instead of cutting costs on expenses.
Improving public speaking skills as a real estate sponsor.
Power in economic cycles. Don’t get too happy chasing after get-rich-quick schemes!
A cautious and conservative business, not allowing any losses on investors’ money for over 20 years!
Learning the ropes as a passive or active investor.

Resources:

· Brian Burke LinkedIn

· Brian Burke on Bigger Pockets

· The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications

· Praxis Capital

· Upside: Profiting from the Profound Demographic Shifts

· TED Talks: The Official TED Guide to Public Speaking

Connect with The Cashflow Project!

CP17: Buying Multifamily during COVID-19 with Adam Adams

Tue, 28 Jul 2020 10:00:14 +0000

Join Duc and Vince as we talk with Adam Adams to share his experiences with real estate, hiring, and other business ventures. Adam is an investor and partner in seven multifamily syndications with roughly 1400 doors. He’s educated many investors through conferences, radio, podcast interviews, coaching programs, and meetups. We go in detail with his different business ventures, hiring a team that fits your standards, and building a VA and podcast production services. They also get into Adam’s mistakes with his first deal, losing over $500K during COVID, how he got his meetup to be one of the best, and maintaining the focus of your business by having an avatar to serve.

About Adam Adams:

Also known in the real estate community as “Triple A”, has educated thousands of investors through real estate conferences, radio & podcast interviews, his coaching program, and his thriving Meetup group. Adam hosts the Creative Real Estate Podcast, a podcast listened to around the world, with hundreds of thousands of downloads. His efforts to educate and inspire other investors has earned him the prestigious title “Master Investor” by Think Realty magazine and he is also a three-time Hall of Fame winner from RE Mentor for his successes in multifamily syndications. Meetup.com recognized him as one of the top 6 MeetUp organizers in the world (2018).

Outline of the Episode:

Ensuring that passive investors make money even when the going gets tough. One of the partners became the property manager when the previous one passed away!
Building a team of entrepreneurs that didn’t take any salary initially and going into syndication with no experience with it.
Conducting due diligence on the sponsors and your teams. Make sure you know your strengths and weaknesses to find the right people to complement you.
Jumping out from boot camp and learning more lessons on the first deal. They only raised the downpayment and took eight months to close!
Screwing sheetrock on top of moldy sheetrock and taking too long to fire the property management team.
Steps before you purchase a property. Raise money, select a market, and select a property management company.
The portfolio in the current environment. Failing to see how many oil and gas industries there are on one property and winning with the rest!
Change with acquisition strategies and waiting three more months to purchase.
A deal under contract during COVID. Losing over $500K by backing out!
Having the constitution and intestinal fortitude to take heavy hits. Getting carpal tunnel by writing checks to save costs.
Finding needs and providing value in the market. Knowing how to hire the right people.
Helping people launch podcasts AND get traction. It doesn’t help to have 20 listeners, with half of them your friends only.
The importance of being the visionary of your business and making things happen.
Having the best meetup with ONLY five-star ratings!
Building an ecosystem to please an avatar that is 42-year old male Indian engineer invested in one multifamily deal but has enough money to continue investing.
The value that personal parking spaces provide. You’ll be surprised to know how willing people are to pay for that!
Resources and the superpower of marketing.
Making as much money now to put into compounding interests.

Resources:

· Adam Adams

· Best Ever Apartment Syndication Book

· YouTube

· Blue Spruce Holdings

· My VA

· My Podcast

Connect with The Cashflow Project!

CP16: What KPI's should a passive investor track?

Tue, 21 Jul 2020 10:00:19 +0000

Today on another episode from our education series, Duc and Vince talk about Key Performance Indicators (KPI’s) that a passive investor should track. A limited partner (or silent partner, as we talked about in the last part of the series), needs to be aware of some aspects of a deal when evaluating an offer. You have to make sure that you’re asking the right questions about the deal, and also ensure that the details you’re provided match the risk profile that you’re comfortable with. But unfortunately, a lot of times, people don’t know what these aspects entail, or even have no clue what they mean in the first place! With these metrics provided, we hope that you can make better decisions on what you’re willing to accept based on your risk profile

Cash-on-Cash Return on Investment

It’s the rate of return that calculates the cash income earned on the cash invested. The formula would be cash invested divided by the cash flow before taxes. It’s very simple, but it’s one of the foundational metrics that many seem to ignore because what people look for are complex ones that we’ll be getting into a little later. But essentially, the higher cash-on-cash ROI early on in a project means a safer investment. The faster your capital is returned to me, the safer the investment is going to be. As far as the equity is concerned, you’re generally looking at an eight percent cash ROI at acquisition.

Average Annualized Return (AAR)

This is a percentage used when reporting the historical return on investment. That means the entire project, including the sales and the exit. It will average all of those years across each other. With that said, AAR’s can hide some of the poor performance early on in a project. For example, on projects that you do value adds, the first year or two will be really low (or even negative), but you might have a big sale at the end. Because the AAR is an average, it hides some of that part of the process, which might make you reconsider an offer.

Internal Rate of Return (IRR)

The IRR is the rate of return needed to convert the sum of all future cash flows to equal the initial equity investment. It’s taking out all future cash flows and discounting them back to zero. The IRR’s difference with AAR’s is that the IRR takes time into account, while the AAR does not. While some people think it’s the pinnacle of investing metrics, we don’t. One of its limitations is that it doesn’t tell you the timing of the cash flows related to the project’s risk profile. It doesn’t answer how fast you’ll get your money back. For example, we can think of two projects that have the same IRR. One is more of a flip that gets you your sale at the end of five years, but nothing in the first four years and the other is a project where you get decent cash-on-cash ROI on the first four years and a modest appreciation at the end.

Head on over to the Cashflow Project to hear the rest of the metrics you’ve been missing! The more you know, the better.

If you enjoyed the episode, make sure to share the podcast with a friend!

Outline of the Episode:

What are cash-on-cash returns on investment?
What is an average annualized return (AAR)?
How about internal rate of returns (IRR)? Why do people love them so much?
What is an equity multiple?
Capitalization rates (cap rates), prevailing cap rates, cap rates at acquisition, terminal cap rates, and reversion cap rates.

Connect with The Cashflow Project!

Tri-City Equity Group Facebook | Instagram | YouTube | LinkedIn

CP15: Multifaceted Multifamily: How Gino Barbaro went from pizza restaurants to over 1600 units

Tue, 14 Jul 2020 10:00:15 +0000

Join me and Vince with Gino Barbaro from Jake and Gino as we talk about creating multiple income streams. From his humble beginnings in a pizza restaurant, Gino is now handling over 1600 units in multifamily. He shares multiple ways to take control of a growing business (or businesses!) and have clarity on the things that matter. From a small Airbnb, you can go to duplexes, triplexes, and venture out to property management or even education! Creating these layers of revenue allows you to be free and provide value to others as well.

While that sounds easy on paper, the way to success is never easy. You have to know where to dedicate your time and focus on generating revenue. At the early stages of your business, you’d find yourself doing everything yourself, but be open for that moment that doing small tasks is no longer profitable for you. If you can do something for $15 to $20 an hour (like bookkeeping or fixing a toilet), you shouldn’t be doing that anymore! Find the people who can do that job to help you pay attention to the things that will generate more income. It’s your responsibility to get the things that you want in life, and now’s the time to do it!

About Jake and Gino:

What started out as a conversation between friends has exploded into a thriving real estate investment business that continues to grow in size and profitability.

Jake and Gino are both experts in multifamily real estate investing and have achieved, in just a few years, the sort of financial freedom they always wanted but weren’t sure was possible.

If a pizza guy and a drug rep can do it, we know you can too! Unlike many Investing Consultants and so-called Business Coaches, Jake and Gino have done the work with the assets to back their success strategies while consistently reaching their goals. They are passionate about sharing their journey with you.

Outline of the Episode:

Starting in the restaurant business and getting into multiple income streams.
The history behind the brand name. The more money you make, the more value you provide.
Enjoy doing the thing you’re getting paid for!
Why multifamily real estate? Cashflow, appreciation, tax benefits, and cycle resiliency.
Building multiple streams of income SLOWLY.
A nice and clean deal for a long-term hold.
Looking at the vintage because all the other older assets are too overpriced!
The value of getting a life coach to avoid getting stuck in the rat race mentality.
Getting mentors and coaches are an expense, but you’re investing in yourself! Even Lebron James and Tiger woods have coaches.
Being obsessed with working. With that said, does balance even exist?

Finding the right kind of employees because of establishing core values. They let go of an employee who didn’t want to mop the floor!

The Honey Bee: how should business owners be looking at their own tasks? You shouldn’t be fixing toilets when you have 100 to 150 units!
The power of visualizing on giving focus and clarity.
Figuring out that you have to be responsible for your own life. If you don’t have what you want, it’s because of you!
Providing value to the community and growing it.
Surrounding yourself with likeminded people.

Resources:

· Jake and Gino

· Twitter

· The Honey Bee

· Limitless

· Think and Grow Rich

· Tony Robbins

· Zig Ziglar

· Jim Rome

Connect with The Cashflow Project!

CP14: 10 years of Multifamily Success: How Kenny Wolfe built his syndication business

Tue, 07 Jul 2020 10:00:06 +0000

Join Duc and Vince with Kenny Wolfe from Wolfe Investments as they talk about how he found success in syndication. Kenny was one of those who didn’t fit in the “cookie-cutter” future that everyone seemed to advertise. He didn’t want to get a degree, work for a company for 40 years, then sack away money into stocks. Reading a lot of books led him to an interest in real estate, which led to buying more books about real estate, which eventually led to his wife saying, “you gotta stop buying books and do something.” Now, he’s at the top of his game!

In the episode, you’ll learn how Kenny got started in real estate through a 76-unit deal, the importance of logistics in finding deals, his preference over “real” teams versus virtual assistants, and the importance of staying calm when others are not. Kenny also shares his expertise with third party management, the importance of getting the right reports regularly, doing surprise visits, and knowing your property managers. Stay tuned, and enjoy the podcast!

If this episode gave you a ton of value, make sure to share the podcast here!

About Kenny Wolfe:

Kenny is a principal in 2,659 units (4,004 units all-time) in the Dallas/Fort Worth, TX area, El Paso, TX, Waco, TX, Oklahoma City, OK, Columbus, OH, and Cleveland, OH. He has been involved in over $250MM+ worth of commercial real estate acquisitions since 2010.

Prior to founding Wolfe RE Mgmt, Kenny served as CFO for Twin Cities Development based in the heart of the Haynesville Shale in Shreveport, LA. He was responsible for all areas of accounting and financial reporting, as well as the human resources role for 140 employees and independent contractors.

Kenny has a BBA from Baylor University and an MBA from University of Texas at Arlington.

Outline of the Episode:

[01:54] The “aha” moment to getting to earn passive income.
[02:48] Getting into real estate and jumping right into a 76-unit deal.
[08:17] The different reasons he had for going into real estate. These things change over time!
[08:59] Dealing with bears and cougars in different properties!
[10:57] Logistics is key to your deals. Kenny had to wait extensively to get the residential building vacant before being able to do any renovations!
[13:19] Feeling the pulse on your properties by doing surprise visits. The secret of the “Trash Test”: knowing if your property managers care.
[16:42] The value of dog parks and upgrading units to adding your NOI.
[19:16] Virtual assistants versus real assistants. Why does Kenny prefer the latter?
[20:44] Not buying anything over 100 units and keeping every property under third party management.
[23:36] Hiring the right people is key to being the best-in-class operator!
[27:11] Communicating to residents and providing rental assistance/payment plans during the pandemic.
[29:43] Picking up strategies from books. Which one should you read?
[31:46] Remaining calm when others are not. Deals are almost never a straight line but instead go in a zigzag direction!
[32:45] Outdoor activities with the family and favorite travel destination.

Resources:

· Wolfe Investments

· YouTube

· Titan: The Life of John D. Rockefeller, Sr.

· Email: info@wolfe-re.com

· Rich Dad Poor Dad

· Investing in the Dream

· The Snowball: Warren Buffett and the Business of Life

Connect with The Cashflow Project!

CP13: How to screen sponsors as a passive investor

Tue, 30 Jun 2020 10:00:12 +0000

Today on the educational series of the podcast, join Duc and Vince as they give the steps to screen sponsors for your next deal! This is a big undertaking, especially for new investors. Your vetting skills for a deal sponsor determine the result of the time, money, and effort that you will be investing in the deal for the next five to ten years. We will get into some of the jargon that you might be confused with, the things you should look for in a sponsor, the questions you should ask, and expectations to set up.

GP’s and LP’s, Sponsors and Equity Partners

To clarify things, when somebody says GP, that’s a general partnership, a sponsorship team. Other people also call them operators because they operate the property. These people are the managing entity that basically does all the work. If you hear things such as LP, equity partner, and silent partner, those all mean the same thing. They are the people who just put up their money for the deal. While they don’t have any say with what happens to the deal or the property, they also don’t have day-to-day responsibilities (as opposed to the operators or the GP).

Don’t Get Distracted by the Flashy Design, Look at the Important Things!

Vetting a general partnership group is an involved process with certain key elements to keep in mind.. The first ones are the track record and experience. It’s essential to know what the sponsorship team has worked on in the past, as this may be an indication of future performance (though not always guaranteed). Another aspect to look into would be the different people that comprise the team (including third party members). By looking at the team’s components, you would see characteristics that might not show up through your questions. Speaking of which, you also have to read between the lines. Make sure that the way they answer your questions establishes transparency and clarity. Never think that there are “stupid” questions, ask it even if you’re 99% sure but need to clarify if you’re on the same page.

Want more tips? What about the numbers and documents? Listen to the full episode on The Cashflow Project!

If this episode gave you a ton of value, make sure to share the podcast here!

Outline of the Episode:

[00:29] Jargons: GP, sponsors, and operator versus LP, equity partner, and silent partner
[01:49] What is a deal sponsor? Track record is important, but remember that past performance doesn’t always guarantee future success!
[02:36] The details to look for in a sponsorship team. Experience, advisors, and intuition.
[03:42] The different people that work in a GP – deal finders, operations, and investor relations.
[05:35] What about third-party team members? Property managers, contractors, attorney, and the lender.
[08:18] The importance of referrals for limited partners and when looking for sponsorship teams. Look for somebody that has been a past investor with you.
[09:22] Acceptable expectations for sponsorship teams. Read between the lines and see how they answer your questions. What communication will you be getting?
[10:49] What questions should an investor ask a sponsorship team? Watch out for cash calls! Remember that this is going to be your partner for the next five to ten years.
[13:36] Vetting the sponsoring of the deal as an LP. Keep that in mind, because there’s not much else to do!

Connect with The Cashflow Project!

CP12: Syndication is a B*tch: How Bruce Petersen raises capital and syndicates multifamily

Tue, 23 Jun 2020 10:00:07 +0000

Join Duc and Vince with Bruce “The Apartment Guy℠” Petersen as they talk about the secrets to real estate and syndication. Bruce was a college dropout, found himself in retail, and worked there until he retired at the age of 43, with no wife and kids. Seeing that all his friends are still going to work and providing for their families, he made a move to figure it all out. Bruce went on Google to find a mentor, and eventually made his way to become a syndicator for multi-family properties across Central Texas. He shares his take on the current market condition, an impressive trick to cost segregation, the value of mentorship, and many more!

If this episode gave you a ton of value, make sure to share the podcast!

About Bruce Petersen:

The Apartment Guy℠, Bruce Petersen, is a syndicator of large multi-family properties throughout Central Texas ranging in size from 48-292 units. He was awarded the Austin Apartment Association’s Independent Rental Owner of the Year for 2016 and the National Apartment Association’s Independent Rental Owner of the Year for 2017 as well as Think Realty's Multifamily Investor of the Year 2019.

Bruce targets stabilized properties where he can buy a cash-flowing asset and drive value through building "community" and improved operations. He is able to do this by implementing his proven systems and deploying his experienced staff to replicate his business model across new acquisitions.

Outline of the Episode:

[02:13] A 43-year-old retiree turned real estate investor!
[03:32] Learning finances as a stockbroker. It’s not as glamorous as you think!
[05:33] A passion project of building a special needs apartment complex. They need a place where they can be independent.
[07:29] Buying a two-property portfolio of 484 units and needing to raise $12 million.
[12:48] Why you should be conducting due diligence – leaky pipes and plastic bathtubs.
[16:13] The faster velocity of scaling in syndication versus flipping in multi-family. There is a huge value to at least doing something rather than not doing anything.
[21:53] The uncertainty of gauging the value of anything at the moment because of the variety of unknown variables in the market.
[25:04] Don’t assume anything in real estate!
[27:50] You need to get out of your comfort zone and build your network. Be self-aware and know your strengths and weaknesses.
[32:33] Tax protests and cost segregation. How did Bruce get three tax refund checks all over $30,000?
[39:39] Don’t put yourself in a position where you are prone to making irrational decisions. The importance of having someone looking out for you from the outside!
[43:19] Making money off of your residents’ opinions. It’s essential to build a community!
[49:11] What if you taught your residents financial literacy, so they learn how to save and be able to pay rent even during times like these?
[51:50] Understanding how money flows in the economy through resources outside of school.
[53:11] Tough love and being truthfully supportive.

Resources:

· The Miracle Morning

· Wealth Can’t Wait

· Killing Sacred Cows

Connect with The Cashflow Project!

Learn Vinney Chopra’s secrets to success! – Listen to the podcast now on The Cashflow Project!

CP11: From $7 to $300M: How Vinney Chopra grew his multifamily syndications and other businesses

Wed, 17 Jun 2020 06:27:39 +0000

Join Duc and Vince with “Mr. Smiles” Vinney Chopra as they talk about growing in multifamily. Since coming to the U.S. more than 40 years ago with only $7 in his pocket, he’s now amassed success in multiple arenas. He’s an expert marketer, a motivational speaker, a real estate investor, and many more. Vinney has always believed in individuals’ ability to shape the world through positive thought and selfless action. Today on the podcast, he gives tips to increase your NOI, what mistakes you should avoid in syndication, and many more. Stay tuned, and enjoy the podcast!

There’s a reason Vinney’s nickname is “Mr. Smiles,” which is evident even through just hearing the demeanor in his voice! He has always believed in individuals’ ability to shape the world around them through positive thought and selfless actions, and he has been a passionate motivational speaker and teacher for over three decades. After getting a taste of sales and marketing while pursuing his MBA, Vinney decided to leave engineering altogether and become a motivational speaker and fundraiser. He worked tirelessly to build clientele that would work with him annually to raise the funds to meet their goals and dreams.

Outline of the Episode:

[02:57] How did Vinney handle the housing bubble burst? He quickly lost $1.5 million on a Monday morning!
[04:59] Closing his first 14-unit deal and his most recent 109-unit deal. It's a big change over the years!
[07:35] The direction of multifamily in the short term and long term with the current situation.
[10:49] Getting an offer of 19 million just before the Coronavirus hit!
[12:55] The mistakes that Vinney made in real estate. Vinney's take on building teams, getting the right partner, localizing, due diligence, and transparency.
[16:50] Have the fundamentals changed because of the pandemic? How office spaces will be cut down due to people working from home.
[20:05] How do you identify emerging markets? Do your research and look at the data!
[22:40] The benefits of being conservative. People will talk about you if you lose your investors' money!
[23:54] Why is it essential to use a reversion cap rate to exit? When everything else is trending up, why should you choose to go down?
[28:00] Tricks for increasing your NOI – make sure to have your notebooks ready!
[32:10] Cutting expenses from vendors: Vinney cut down the price of putting asphalt on a parking lot from $450K to $123K! Watch out for those huge overhead costs!
[36:14] Juggling different plates in real estate. Which ones are the big plates, and which ones are smaller plates?
[37:29] Vinney's focus on multifamily, senior living, and hospitality. Where are the opportunities in real estate going?
[39:30] Vinney's superpower of compartmentalizing and putting ideas together quickly!
[42:34] Episode Recap

Resources:

· Fannie Mae

· Freddie Mac

· Berkeley Point Capital

· Top 5 Mistakes in Multi-Family

· Apartment Syndication Made Easy

· Big Shifts Ahead

· Nest

· Dropbox

· Vinney Chopra’s Website

· Email: vinney@vinneychopra.com

Connect with The Cashflow Project!

CP10: Sequence of events for a Syndicated Deal

Sat, 06 Jun 2020 03:30:09 +0000

For this educational series, we’re going to outline the general timeline and sequence of events that occur from start to finish of a multifamily acquisition from the eyes of a passive investor.

HIGHLIGHTS OF THE EPISODE

01:02 Behind the Scene of what the sponsorship team is doing

06:44 Subscription period

07:46 After the subscription period

10:57 What happens at the end of the year

CONNECTING WITH THE HOSTS

Website: www.Tricityequity.com

Facebook | Instagram | YouTube | LinkedIn

CP9: Top 10 reasons Why you should consider Multifamily

Fri, 05 Jun 2020 03:30:14 +0000

In this educational series, we will be going over on “Why Multifamily”. And we’ll be covering the top 10 reasons of multifamily versus other asset classes that you might be interested in. Don’t forget to Subscribe. More videos will be uploaded soon. Don’t miss it!

TOP 10 REASONS WHY MULTIFAMILY VS. OTHER ASSET CLASS

00:57 1. The resilience and tough times

02:11 2. Hedge against inflation and stock market volatility

04:46 3. Superior tax benefits of multifamily

05:40 4. Under supply of housing

09:11 5. Flight to safety

09:57 6. Control

12:59 7. Leverage

13:53 8. Scalability as an LP (Limited Partner)

16:37 9. The Principal paydown

19:19 10. Appreciation

CONNECTING WITH THE HOSTS

Website: www.Tricityequity.com

Facebook | Instagram | YouTube | LinkedIn

#Whymultifamily #MultifamilyInvesting #MultifamilyRealEstate

CP8: How to select a market in multifamily

Wed, 03 Jun 2020 16:06:01 +0000

HIGHLIGHTS OF THE EPISODE

[00:54] Talks about the real estate slogan. Location and Terms

[03:29] Talks about growth in terms of looking at market

[05:24] Assumption in the proforma

[09:58] Talks about Net Absorption

[12:45] Talks about Market Cycle

[14:37] Talks about Geoarbitrage

CONNECTING WITH THE HOSTS

Website: www.Tricityequity.com

CP7: What is a Multifamily Offering

Tue, 02 Jun 2020 15:30:08 +0000

In this Education Series we will be talking about Syndication Offering as it relates to Multifamily. We’re gonna go through the main key points about fee structures and company structures and some of the documents that you're gonna see.

[01:18] Different fees involved in the Syndication

[03:13] Normally involved profits

[05:40] Understanding risk profile

[08:14] Time Frame that an Investor can expect

[10:20] Types of Business Plans in Multifamily Space

[11:27] Questions to ask for Investors to a property manager

[12:18] Types of Exit Strategies

[14:54] Key Performance Indicator should Investors look for in a deal

[18:10] What are the legal documents involved?

[21:07] Considering opportunities for Investors

CONNECTING WITH THE HOSTS

Website: www.Tricityequity.com

CP6: What is a syndication and how does it work?

Mon, 01 Jun 2020 14:21:40 +0000

Basics of Syndication

01:24 What is a Syndication?

02:04 What are the roles in Syndication?

03:09 What does the “Limited” in limited partner mean?

03:58 Why do people do Syndications?

04:34 What’s the difference between Syndication and other forms of ownership?

05:06 What is an accredited investor?

06:52 Differences between JV partnerships and Syndications

09:01 Who are Syndications for?

CONNECTING WITH THE HOSTS

Website: tricityequity.com

matt@revenuepropertysolutions.com

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CP5: Moving From Wholesaling and Hard Money to Passive Income

Mon, 01 Jun 2020 03:30:12 +0000

GUEST BIO

Steve is a real estate professional with 8 years of industry experience in two states. He has served in various roles in real estate, including serving as a licensed loan officer specializing in short term funding, as wholesaler identifying, acquiring and marketing distressed property, as a licensed Realtor for residential property and actively as an InterNACHI certified home inspector having inspected over $150M worth of residential and commercial real estate. He currently owns long and short-term multifamily rentals in 4 states including 52 units in a JV with Tri-City Equity Group in Michigan and 48 units as a GP in Texas.

HIGHLIGHTS OF THE EPISODE

[01:33] How did Steve started his journey earning passive cash flow

[03:19] Deciding the path for passive income

[05:51] Why building passive cash flow

[08:32] Actions to take initially

[11:07] Cash flow goal

[13:19] Duplex as the learning experience

[16:25] Overcoming challenges

[18:46] Advice to give to your 20 year old self

[21:08] Overcoming Fear

[23:28] Best book to recommend

[30:33] Where to Invest Next

[30:47] Greatest failure

[32:22] Advice to give to listeners

[34:48] Separates successful investors to those who failed

33:35 Reaching out to the guest

BOOKS MENTIONED IN THIS SHOW

The Bible

Rich Dad Poor Dad by Robert Kiyosaki

The Strangest Secret by Earl Nightingale

NOTABLE QUOTES (KEY LESSONS):

“Anytime you’re providing value, that’s the only time you are able to earn. To provide value for somebody else”

“You don’t need to have cash, you don’t need to have a couple of thousand dollars sitting on your bank account for you to get started in Real Estate. But you do need to take action, you do need to move beyond the fear of having no money. You do need to move beyond that limitation”

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CONNECTING WITH THE GUEST

Website: tricityequity.com

Email: connect@tricityequity.com

sgfierros@gmail.com

Facebook | Instagram

CP 4: Mailbox Money: How One Army Officer is Taking Retirement in to His Own Hands

Sat, 30 May 2020 16:00:14 +0000

Matthew Callihan has been investing in real estate since 2010 and has experience with Multifamily, short sales, fix-n-flips, single family rentals, wholesaling, and private money lending. He holds a Bachelors degree from Park University. While attending college Matthew worked as a Financial Representative with Northwestern Mutual and enjoys educating young people on finance and the many different investment strategies available. Matthew is always looking to add to his skill sets and has participated in training with ‘Clever Investor’ (real estate investing) and ‘Build Your Empire’ (a prominent entrepreneur incubator). In addition to real estate investing, Matthew has almost 12 years of military experience and currently holds a commission as an Army logistician. Most recently he served as the executive officer of a distribution company.

HIGHLIGHTS OF THE EPISODE

[01:21] How Matt started his journey earning passive cash flow

[05:32] Reason for choosing to real estate

[06:15] Why building passive cash flow

[06:48] Cash flow goal

[08:47] Best investment made

[09:39] More about Tricity Equity Group

[13:06] Systems and Processes

[16:40] Advice to give to your 20 year old self

[17:28] What is House hacking?

[20:18] Bridgeport deal

[22:32] Challenges that came across from Bridgeport deal

[24:00] Common myths in Real Estate

[26:47] Advice for the listeners

[29:08] Best book to recommend

[31:41] Request for the audience

[33:35] Reaching out to Matt

BOOKS MENTIONED IN THIS SHOW

Multi-Family Millions by David Lindahl

NOTABLE QUOTES (KEY LESSONS):

“More millionaires are created every year from real estate than every other industry”

“Not every millionaire became a millionaire investing in real estate but every millionaire invest in real estate”

“Real Estate isn’t a get rich quick scheme but it’s a get rich for sure scheme”

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CONNECTING WITH THE GUEST

Website: tricityequity.com

Email: connect@tricityequity.com

Facebook | Instagram

CP3: Scaling from a $0 down loan to $5M AUM in 4 years - Vince Gethings

Fri, 29 May 2020 12:31:29 +0000

GUEST BIO

Vincent - Vincent has over 7 years of multifamily investing experience; he currently owns and operates 20 units in his personal portfolio, an additional 52 units in JV, and 48 units as a GP. He specializes in market research, due-diligence, strategic planning, project oversight and execution. He recently held the position of Resource Advisor for the U.S Air Force where he drafted and managed the operational funds and projects for a $1.4B enterprise. He also holds a green belt LEAN Six Sigma Process Improvement. Lastly, Vince lives out my passion for education as a real estate investment coach at the Wheelbarrow Profits Academy founded by Jake Stenziano and Gino Barbaro who have over 1,500 units.

HIGHLIGHTS OF THE EPISODE

[00:50] How Vince started his journey on earning passive cash flow

[03:57] Deciding real estate versus Stocks

[07:27] What is your “why” for building passive cash flow?

[10:00] Charities that Vince supports

[10:52] The most recent deal?

[13:18] How’s that deal doing currently?

[14:54] His role on the deal.

[15:26] The one obstacle that he faced and what he did to overcome that?

[19:21] Common myths in real estate

[21:48] The advice he would give to his 20 year old self

[23:47] Advice to people struggling to get started on real estate

[29:40] What is his super power?

[32:02] Requests for the audience

[38:01] How you can reach Vince

BOOKS MENTIONED IN THIS SHOW

Rich Dad, Poor Dad by Robert Kiosaki

The 10X rule by Grant Cardone

The One thing by Gary Keller

7 Habits of Highly Effective People by Stephen R. Covey

How to win Friends & Influence People by Dale Carnegie

Think and Grow Rich by Napoleon Hill

The 4 hour Work Week by Timothy Ferriss

The Honey Bee by Jake & Gino

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

Call to Action

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CP2: How to scale your multifamily portfolio using creative financing with Duc Ong

Thu, 28 May 2020 14:48:07 +0000

As a real estate investor, Duc is a partner in 732 units across 6 states. He is a limited partner in a 114 unit apartment complex in Atlanta, GA, a 310 unit community in El Paso, TX, and a 192-unit in Longview, TX. As an active investor, he owns a single-family rental property in Anaheim, CA, 15 units in one JV in Pittsburgh, PA, 52 units with Tri-City Equity Group in Saginaw, MI, and 48 units as a GP in El Paso. He owns a personal residence condominium in Honolulu and is under contract on a new construction condo unit in Kaka’ako. His broad experience as a real estate investor and real estate agent on Oahu allows him to assist the team in various aspects of operations, marketing, and finance. Duc is also a licensed realtor on Oahu, with over $17M in career sales volume. He specializes in working with investors.

kakaakocondoexpert.com

[01:45] How Duc got started on his journey to earn passive income with Real Estate

[03:14] How Duc decided what route to take

[04:10] Pricing: Multi family property VS Single Family property

[05:22] Why are you trying to build passive income?

[07:38] How did you know what actions to take when you made the jump from Single Family to Multi Family?

[08:59] What are your cashflow goals?

[11:00] Where are you at currently in achieving those goals?

[08:59] What are your cashflow goals?

[12:38] What is the best/most worthwhile investment you’ve made?

[16:18] What is the worst advice you see in the Real Estate Investing World?

[17:40] Partnering: How important is it?

[20:00] Any obstacles that you faced in your journey as an investor?

[22:20] What advice would you give to your 20 year old self as far as Real Estate Investing?

[24:00] Any major failures that set you up for success later?

[26:52] What advice would you have for someone struggling to get started but wants to?

[28:00] What separates successful investors with those that fail?

[29:07] Are there any books you can recommend for those people that are just starting?

[31:20] Do you have any requests for our audience?

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CP1: Introducing The Cashflow Project Podcast

Wed, 27 May 2020 21:39:38 +0000

This is an introduction to “The Cash Flow Project” podcast. Here you can learn who we are and what you can expect from our new journey which covers real estate, syndication, multifamily investing and more. Make sure to subscribe, follow and share with your friends. We’re looking forward to providing value to whoever listens to our podcast.

OUR HUMBLE BEGINNING

[00:37] Who are we and who are we making this podcast for?

[02:44] Purpose of the Podcast

[03:11] Who would benefit the most from listening to us and our guest?

If you found value in this podcast, please subscribe so you can get the latest episodes.

We would love it if you give us a rating and review.

If you know anyone who might resonate with today's podcast, please share the episode with them.

To connect with like minded investors, join our FB Group Honolulu Multifamily and More.

If you are interested in connecting with us, go to tricityequity.com to learn more.

CP 42: Investing with Aloha with Cory Nemoto

Tue, 19 Jan 2021 11:00:15 +0000

Join Steve Fierros and his co-host, Matt Callihan, as they chat with Cory Nemoto about building cash flow, helping other people, finding fulfillment, swapping stress for gratitude, and so on! Cory is the co-owner and founder of KÉCŌ CAPITAL, a hard money lending company that will not only provide the primary financing on their client’s deals but provide guidance and support as well! In the episode, Cory also talks about dealing with the COVID-19 environment and making tough decisions in this crisis!

Outline of the episode:

· [00:02:10] A background of what Cory does and his current projects.

· [00:04:01] A big part of Cory’s why is his love for helping people and wanting to leave a legacy behind.

· [00:09:25] The four phases of an entrepreneur’s career.

· [00:12:58] Start being proactive rather than reactive. We have to prepare for the worst with the COVID-19.

· [00:18:26] Communication is always key; don’t hesitate to talk about uncomfortable topics.

· [00:20:48] This whole COVID-19 situation has forced a lot of big companies to close.

· [00:25:42] Everyone is facing more battles now; we need to strive to come out of this situation better than ever.

· [00:30:31] How many deals and products do they currently have available?

· [00:37:14] There are still a lot of opportunities out there; you just have to look for them.

· [00:39:26] Building good relationships is the key to this real estate business.

· [00:47:22] Entrepreneurship is about syndication; they bring people together.

· [00:52:57] How the Go-Giver and Rich Dad Poor Dad book changed his life.

· [00:57:21] Cory’s superpower is building relationships and genuinely connecting with people.

· [00:58:49] There is such a thing as growing too fast; it is okay to grow at your own pace.

· [01:00:58] Before you take a leap and burn your ships, make sure that this is the path you want to take.

Resources:

· Linkedin

· Email

· Phone: (425) 526 - 3007

Connect with Cashflow Project!