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 Connect with The Cashflow Project! •      Website •      LinkedIn •      YouTube •      Facebook •      Instagram   Connect with Tr-City Equity Website: https://tricityequity.com/  

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/     Connect with The Cashflow Project! •      Website •      LinkedIn •      YouTube •      Facebook •      Instagram   Connect with Tr-City Equity Website: https://tricityequity.com/

  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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      YouTube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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 https://www.podchaser.com/podcasts/the-academy-presents-podcast-1579049   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram   The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/

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/    Connect with The Cashflow Project!  Website LinkedIn Youtube Facebook Instagram    The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/   

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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     Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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/       Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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/     Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram     The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/  

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/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/

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 Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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: ● Hawaii Millionaires Mindset Blueprint ·           Secured Investment Corp Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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: ● Hawaii Millionaires Mindset Blueprint ·           Chef Joey Chavez ·        Hidden Truffle Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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/   https://www.millionairesmindsetblueprint.com/   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram

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: ● Hawaii Millionaires Mindset Blueprint ·           Elaine Stageberg Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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: ● Hawaii Millionaires Mindset Blueprint ·           Calvin Roberts Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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 ·            Leslie Anne Morris Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

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  Connect with The Cashflow Project!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram 

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  Connect with The Cashflow Project!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram   

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     Connect with The Cashflow Project!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram  ●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina 

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 Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram ● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

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   Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram ● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina      

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   Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram ● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina    

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 ●   Website ● LinkedIn   Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram ● Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina

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    Connect with The Cashflow Project!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram  ●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina   

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!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram  ●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina 

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  ●   LinkedIn  ●   Instagram  ●   Facebook    Connect with The Cashflow Project!  ●    Website  ●    LinkedIn  ●    Youtube  ●    Facebook  ●    Instagram  ●   Hawaii Millionaires Mindset Blueprint: July 21 - 24, 2022 Four Seasons Ko'olina 

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 

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:  Website  LinkedIn  Facebook  Twitter  Youtube  Tiktok    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram   

 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:  Website  LinkedIn  Twitter  Youtube    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram 

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!  Website LinkedIn Youtube Facebook Instagram 

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:  Website  LinkedIn  Facebook    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram 

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:  Website  LinkedIn    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram 

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:  Website  Youtube  Twitter    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram 

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:  Website  LinkedIn  Coaching with Bill    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram 

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:  Website  LinkedIn  Facebook    Connect with Cashflow Project!  Website  LinkedIn  Youtube  Facebook  Instagram   

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: Website LinkedIn Facebook   Connect with Cashflow Project! Website LinkedIn Youtube Facebook Instagram

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: Website LinkedIn Facebook   Connect with Cashflow Project! Website LinkedIn Youtube Facebook Instagram

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: WebsiteEric’s LinkedInNick’s LinkedIn   Connect with Cashflow Project! WebsiteLinkedInYoutubeFacebookInstagram

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

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

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! WebsiteLinkedInYoutubeFacebookInstagram