The Cashflow Project

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!

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● 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 

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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! 

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