The Cashflow Project

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!

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●    LinkedIn

●    Youtube

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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