The Cashflow Project

Welcome to The Cashflow Project! In this episode, we feature Michael Elefante, who shares his journey to financial freedom. He realized that money is a tool for time and pursuing passions. He invests in high-quality amenities and services to attract high-end guests. In this episode, he shares insights on real estate investments, leveraging opportunities, tax benefits, scalability, investing in oneself, data analysis, future trends, and technology. Whether you're a seasoned investor or just starting out, this episode has something for you. Subscribe and leave a review!

[00:03:02] Desiring more money, but found true happiness.

[00:06:40] Exploring real estate opportunities, leveraging and scalability.

[00:10:04] Mindset crucial for transitioning from consumer to producer.

[00:13:35] Changing mindset from cost savings to investment.

[00:14:57] Learn from others, get coaching, save time.

[00:18:41] Regulation, demand, and research are important for investing.

[00:22:01] Invest in quality amenities to attract premium guests.

[00:24:12] Cheap out, replace, pain, lost revenue, coaching program.

[00:27:44] Transition to a liberating perspective with a book.

[00:33:28] Quickly scale up, seize networking opportunities for success.

[00:34:05] Multifamily group meets monthly for networking events.

Connect with Michael Elefante

Bnb Investor Academy

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Welcome to another episode of The Cashflow Project Podcast! In this episode, host Steve Fierros is joined by his partner Duc Ong to discuss syndication deal exits. As the co-host of the show for many episodes, Duc is no stranger to the listeners. Together, they delve into the world of investment exit strategies, specifically focusing on real estate syndications. They provide an overview of what syndications are and how they work, emphasizing that it allows everyday investors to participate in high-quality commercial assets that would otherwise be out of reach. Steve and Duc also share the current state of their company, Tri City Equity Group, highlighting their successful track record, impressive returns, and the launch of their property management company, Black Sand Property Management. Throughout the episode, they emphasize the need for better alternatives to traditional investment options and the potential for significant returns in syndications. Join us as we dive into the world of syndication exits and uncover the strategies for maximizing profits. Let's get started!

[00:01:28] Risk syndication: pooling capital to invest in larger assets. Tri City Equity Group: owns 7 assets valued at $55 million. Average annual return of 41%. Launching property management company.

[00:03:56] Understanding returns and investment options; profitable exits.

[00:07:15] Possible high returns, networking, not investment advice.

[00:13:17] Leverage existing assets, put debt on it. Powerful strategies for wealth. Refinance, create value, boost NOI. Options for capital after refinance?

[00:14:46] Consult with a CPA for tax advice. Reserve funds for tax liabilities. Use high yield savings accounts for profits. Maintain liquidity for future investment opportunities. Consider investing in multifamily syndication deals. Offset active income with passive losses. Be cautious of tax brackets. Explore cash value life insurance policies. Act as your own bank.

[00:19:23] Summaries: 1. Explore previous episodes for more information. 2. Real estate investing offers infinite returns. 3. Real estate investing is a passive income source. 4. Real estate investing offers tax advantages.

[00:22:43] Long-term play, real estate investment continues smartly.

Connect with Duc Ong:

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Welcome back to another episode of The Cashflow Project! Today we have a very special guest joining us: Bob Bernotas, a franchise consultant with decades of experience in the industry. In today's episode, we'll be diving deep into the world of franchising, uncovering the keys to success, and exploring the financial opportunities that lie within. Bob shares his expert insights on understanding the true needs of candidates and clients, the value of partnering with top-performing brands, and the importance of approaching franchising with an open mind. From the cyclical nature of the economy to the impact of COVID-19, Bob sheds light on how these factors shape the franchise landscape. He also shares his personal journey from owning a computer software company to becoming a successful franchise consultant. So, if you've ever wondered about the ins and outs of franchising, how to scale your business, or how to find the best financial opportunities, this episode is for you. Stay tuned for an informative and eye-opening conversation with Bob Bernotas on The Cashflow Project!

[00:01:25] Started own software business, then bought franchises. Now consults for franchisees.

[00:06:02] Franchising offers scaling opportunities with existing infrastructure. Many clients seek part-time business ventures. Franchisees can build legacies for their children. Scaling in franchising can be done through opening more units. Scaling can be costly in brick and mortar businesses. Service-related concepts allow for cheaper scaling. A lucrative example is a gutter installation concept. Franchisees can acquire multiple territories for increased financial upside. Adding new services to existing customer base is possible. Clients can expand their business by buying additional brands. A successful couple quit their jobs to pursue franchising.

[00:11:35] Focus on ROI and ethical value.

[00:15:53] Powerful questions for real estate business cycles, COVID impact, and consulting benefits.

[00:19:11] Brick and mortar retail costs considerably more. Retail cost doubles compared to other concepts. Service businesses are more scalable. Hot concept too good to pass up.

[00:20:41] Franchise investment options and strategies for success.

[00:24:16] Background irrelevant. Franchises seek smart, driven people.

[00:26:53] Territory is crucial; focus on emerging brands.

[00:30:30] Identifying traits, analyzing needs, finding better fit.

[00:35:27] Risk in franchises, focus on successful ones.

[00:38:21] Conversation with Bob Bernardes on franchise opportunities.

Connect with Bob Bernotas

www.franchisewithbob.com/

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Welcome back to another episode of "The Cashflow Project"! In this week's episode, we have a special guest, Stephanie Figueros. Stephanie is a former registered nurse who made a bold career shift during the pandemic to pursue her passion for real estate investing. Join us as we dive into her inspiring journey, from leaving the stability of the medical field to becoming an agent for investors, specializing in short-term rentals. Stephanie shares her insights on mindset, the importance of building the right community, and her strategies for success in the ever-evolving short-term rental market. So grab your tool belt and get ready to learn from one of the industry's rising stars.

00:01:38 Former nurse turned real estate investor and coach.

00:04:47 Real estate offers options and opportunities.

00:08:00 "I love that tool belt analogy, right?"

00:13:20 "Start, do it scared, learn on the job."

00:14:36 Short-term rentals started as a business. Marketing is important for success. Constantly improving to stay competitive.

00:18:39 Virtual and in-person community for short-term rentals.

00:25:01 California, Texas, Tennessee, Florida are main markets

00:27:33 Diverse markets and geographic balance are key.

00:33:17 Don't do it alone, seek successful examples.

00:35:37 Great episode with Stephanie Figueros on short-term rentals and making career shifts. Check out their website and meetups. Share the podcast for more empowerment.

Connect with Stephanie Figueros

Instagram: @stephaniefigueros

https://www.eventbee.com/v/strnationconference#/tickets

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Welcome back to another episode of The Cashflow Project! In today's episode, we have a special guest, Drew Breneman, joining us to share his wealth of knowledge and experience in the world of real estate investing.

Drew is the founder of Brenneman Capital, a company that not only helps him grow his own wealth but also assists other investors in establishing their cash flow and building their own financial empires. With over $175 million worth of properties under his belt, Drew brings a unique perspective and expertise to the table. In addition to his real estate ventures,

Drew has an intriguing background as a magician, adding a touch of magic to his success story. We'll dive deep into his journey, from his humble beginnings in self-managing rental properties to specializing in multi-family deals and acquiring properties off-market. Drew will also discuss the importance of partnerships, long-term thinking, and the pursuit of generational wealth. So, sit back, relax, and get ready for an eye-opening conversation with Drew Breneman on The Cashflow Project!

00:02:53 Started young with an internet business, magic. Resold video game items, then got into real estate investing in college. Bought properties, made profits, expanded to commercial and multifamily deals. Focused on cashflow, leased long-term. Developed expertise in Chicago market.

00:14:55 Naturally money-minded individual encourages son's investment.

00:18:16 Confidently assessed and researched, successfully completed deals.

00:21:43 Mixed experience managing properties in multiple locations

00:26:41 Cash flow strategy worked in the past, but current deals offer low cash flow. Buying now at a discount may lead to big returns in the future. New projects halted, rents may explode, interest rates could drop. Long-term holds have built wealth.

00:34:14 Investment strategy: simple, long-term, high return.

00:39:50 Choose: passive investing or entrepreneurial path.

00:41:57 Kids parties, investing, podcast, social media, guidebook.

00:45:20 Partnerships can be powerful for investors. Long-term thinking and wealth building are important. Connect with others and provide feedback.

Connect with Drew Breneman

www.breneman.com/

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Welcome back to another exciting episode of The Cashflow Project! In today's episode, we have a special guest, Chris Long, joining us to discuss his innovative business model in the real estate sector. Chris is the mastermind behind Longyards, a company based in Florida that utilizes industrial-zoned space to cater to larger storage needs.

In our conversation, we dive deep into Chris's journey as a CEO and business owner, exploring the valuable advice he has to offer. We'll also touch upon the challenges he faced, the lessons learned from bankruptcy, and how he managed to bounce back and rebuild his wealth in just three years.

Chris emphasizes the importance of having clear checklists, achievable goals, and the relentless pursuit of action, perseverance, sacrifice, and resourcefulness. This episode will inspire you to take charge of your financial freedom journey and equip you with practical strategies to navigate the business landscape.

Steve: Welcome to The Cashflow Project, I'm your host, Steve Fierros, with Tri-City Equity Group. Today we have Chris Long on the show.

Chris Long is the founder and operator of Longyards Storage. After nearly a decade as a carpenter and business owner of Conrad Construction, Chris ventured full-time in the realm of self-storage. Having created the very first Longyards Storage in his hometown of Ottawa, ON, Canada, he emigrated to the United States to pursue the international buildout of the company. He is responsible for the construction, stabilization, and management of assets.

[00:01:33] Long Yard solves gap in marketplace by providing yards for small businesses.

[00:05:51] Entrepreneurial spirit leads to fearless persistence and success.

[00:07:39] Importance of mindset in entrepreneurship and overcoming fear.

[00:11:46] CEO learning curve, building team, acquisition challenge

[00:13:43] The humility of business owners is crucial. Growing pains are inevitable. Tweak and dial in as you go. Challenges are part of the journey. Focus on specific areas or operate on both fronts.

[00:17:35] Seeking wholesalers for industrial and commercial land. Multiple layers of filtering and zoning codes. Looking for four to six acres of industrial land near highways and good demographics. Innovating a U-Haul model for land acquisition. Join venture with landowners through franchising, joint ventures, or leasing.

[00:22:19] Unique model, high cash flow, strong partnerships.

[00:24:47] Florida offers awesome opportunities for investors.

[00:28:03] Identifying opportunity in red ocean, creating blue ocean.

[00:33:41] Achieving financial freedom: Clear goals and perseverance.

[00:36:27] "Awesome interview, great business advice for entrepreneurs."

Connect with Chris Long

•   Website

•   LinkedIn

•   YouTube

•   Facebook

•   Instagram

Welcome to the cashflow project podcast. I'm your host, Steve Firos with Tri City Equity Group. Today, pretty excited. We've got somebody that operates in a new niche that I'm not familiar with. We've had other operators, of course, in the storage realm. But today we've got Chris Long on the show. So Chris is the the founder and operator of Long Yard Storage.

Steve: Welcome to The Cashflow Project, I'm your host, Steve Fierros, with Tri-City Equity Group. Today we have Chris Long on the show.

Chris Long is the founder and operator of Longyards Storage. After nearly a decade as a carpenter and business owner of Conrad Construction, Chris ventured full-time in the realm of self-storage. Having created the very first Longyards Storage in his hometown of Ottawa, ON, Canada, he emigrated to the United States to pursue the international buildout of the company. He is responsible for the construction, stabilization, and management of assets.

📚 Timestamped overview

[00:01:51] Entrepreneur solves marketplace gap with Long Yards.

[00:06:21] Fortunate entrepreneur: no fear of rejection

[00:08:13] Entrepreneurs must overcome fear and doubt, prioritize mindset.

[00:12:33] CEO learning curve: building team, acquiring properties.

[00:14:33] Importance of humility in business growth, challenges ahead.

[00:18:36] Seeking wholesalers, industrial land, joint ventures.

[00:23:36] Unique business model with high cash flow.

[00:26:05] Florida's booming; prime opportunity for success.

[00:29:41] Red ocean filled with competition, blue ocean opportunity.

[00:35:49] Achieve financial freedom through clear goals and perseverance.

[00:39:08] Chris Long from Longyards has an excellent business model using industrial zoned space for larger storage. He shared valuable advice and discussed the challenges of being a CEO. If you enjoyed the show, please share and leave a review. Visit tricityequity.com for investment opportunities. Join the Honolulu Multifamily and More Facebook group for networking meetups. Signing off, Steve Yarrow. Aloha.

 Connect with Tri-City Equity!

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Welcome to The Cashflow Project, where we bring you the stories and strategies of successful individuals who have built lasting wealth and passive income. In today's episode, we have a very special guest: Dan Brisse, co-founder of Granite Towers Equity Group and a former professional snowboarder.

Dan's journey is an inspiring one, as he transitioned from the world of extreme sports to the realm of real estate investing. With over 2500 doors valued at about $370,000,000, Dan is a true expert in the field. He co-authored the book "Four Steps to Successful Passive Investing" and co-hosts "The Keeping It Real Estate Show."

In this episode, Dan shares his insights on the importance of teamwork in the commercial real estate business and the benefits of working with experienced operators. He also emphasizes the significance of investing in strong multifamily assets, especially in a thriving market.

But it wasn't always smooth sailing for Dan. He faced skepticism about his snowboarding dreams but persevered with the support of his parents. After a successful career on the slopes, he realized the necessity of creating passive income and delved into the world of real estate.

Dan's story is a testament to the power of mindset and the importance of surrounding oneself with successful individuals. He shares his strategies for identifying underperforming properties, capitalizing on opportunities, and creating wealth through careful planning and partnerships.

This episode also delves into the crucial topic of inflation and the consequences of excessive money printing. Dan's insights shed light on the need to outpace inflation and make wise financial decisions in an ever-changing economic landscape.

So join us for this captivating episode as we explore Dan Brisse's journey, learn from his experiences, and gain valuable insights into building wealth and passive income. Don't forget to leave a review and connect with us on social media to stay updated on active deals and events. Get ready to step into the world of financial growth on The Cashflow Project. Let's dive in!

[00:01:54] Midwest kid becomes successful snowboarder, then investor.

[00:07:07] Career winding down, seeking new direction in real estate.

[00:08:19] Creating wealth, freedom, and passive income.

[00:11:56] Real estate investing requires expertise and vision. Identifying opportunities can lead to significant wealth. Confidence, knowledge, and a solid business plan are crucial.

[00:15:36] Best time to buy, savvy investors cleaning up.

[00:21:02] Printing money leads to long-lasting inflation fallout.

[00:23:10] Mindset is key to achieving goals.

[00:27:09] Start slow, progress steadily, avoid injury.

[00:32:04] Snowboarder Dan shares his incredible career journey. Transitioned to syndications, creating wealth opportunities. Emphasis on investing for wealth preservation. Seek active opportunities via website and Facebook group.

Connect with Dan

Website: granitetowersequitygroup.com

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Welcome back to another exciting episode of "The Cashflow Project"! On today's show, we have a special guest, Vince Gethings, joining host Dearonne Bethea to discuss the Hawaii Millionaire's Mindset. Vince is a true entrepreneur and is creating his own franchise that will soon be released during an eagerly anticipated event. He shares his journey of building a brand, starting in the Texas market, and expanding to Hawaii. Vince's goal is to position his franchise as the fastest growing in the industry, with plans to open two to three stores within the next year. But that's not all - Vince also delves into his impressive portfolio, filled with trophy items he plans to pass down to his children. 

Vince Gethings is an experienced real estate coach and entrepreneur who has been grinding for success for over 15 years. He has joined forces with a business partner to create a unique event that goes beyond the typical conference experience. Instead of hosting an event at a generic location, they aim to showcase the luxurious lifestyle they have worked hard to achieve. They plan to hold their event at prestigious venues such as the Four Seasons in Ko Olina and the Moanalani on Big Island. By combining vacations with education, they hope to offer participants a world-class experience that emphasizes legacy wealth. Vince's expertise in real estate, short-term rentals, vacation rentals, and flipping houses, coupled with his partner's business scaling and military background, makes their conference stand out from the rest. They are also incorporating retail and franchise scaling experts into their program, creating a comprehensive strategy that is unparalleled in the industry. With negotiations already underway for next year's event, Vince is incredibly excited about the success of their venture.

00:02:41 Exciting conference showcasing legacy wealth and innovation.

00:04:56 "Build cash flowing assets, create generational wealth."

00:08:08 Military veteran invests in real estate, achieves exponential growth, utilizes tax strategies.

00:13:00 Left military early, made a million.

00:17:20 Changing mindset to achieve multiple income streams.

00:21:10 Creating LP opportunities, franchise launch, expanding portfolio.

00:24:41 Building important assets, perfecting operations, scaling.

 Connect with Tri-City Equity!

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We usually see the portraits of success from people who are accomplished. But behind the achievement, everyone has a story that got them to where they are.

In this episode of The Cashflow Project, Steve welcomes Caleb Johnson of Red Sea Capital, in a discussion about motivation, mindset, origin story, and market outlook for real estate. Caleb's experience, hardships, and perspective from the challenges of life at a very young age drives the lessons in their conversation.

Outline of the episode: 

01:43 – Caleb's Journey to Real Estate

04:23 – On getting lulled into the trap of a job.

06:02 – Taking action sooner.

07:13 – Differences of residential and commercial investments.

11:09 – About Caleb's podcast: From Trial to Triumph

12:24 – Learning from and benefits of hosting a podcast.

13:35 – The importance of a positive and solid mindset.

15:24 – On the story behind motivation for succeeding.

19:04 – Long term outlook, opportunities, and dichotomies.

23:02 – A great picture for value creation

24:42 – On underwriting and advise on building relationships.

28:01 – Fire Round: Best book recommendation

28:37 – Fire Round: What is your superpower?

29:12 – Fire Round: Biggest Lesson from career

30:40 – Advise for the busy working professional

32:30 – Caleb's contact info

About Caleb Johnson:

Caleb has been an entrepreneur since the age of 18, he founded Red Sea Capital in 2022. Prior to that, he joined NK Development Group in 2021 where he aided in capital and acquisition to grow the company to over 450 units in 2 years. He currently manages assets in numerous locations like New Mexico and Oklahoma. He also has fractional partnership interest in multifamily and retail properties in Arizona since 2021. His mission is to be a faith-based professional, committed to investors, and building relationships.

Connect with Caleb Johnson …

Website: https://redseacapitalgroup.com/

Caleb's Podcast: https://redseacapitalgroup.com/listen/

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