The Cashflow Project

Join Vince with his guest Eric Martel as he speaks about the most tested and proven way to stop trading your time for money. The majority of us today overwork hours on end to receive compensation that always seems to be "just right" for the lives we live. If we keep it at that, when does one stop working? In this episode, Eric shares what defined benefit retirement plans are and why they're phased out, the general perception of millennials on retirement, what you need to understand before chasing passive income, the lessons from the dot-com crash, and everything about his book "Stop Trading Your Time for Money." There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

●    [02:02] What is an actuary?

●   [06:12] The difference of a 401(k) from defined benefit pension plans

●   [11:51] Why you sometimes can’t retire early

●   [18:31] What kind of investment do you need to have?

●   [23:44] Assess the resources that are available to you

●   [29:45] When is the right time for you to jump onto other investments?

●   [35:56] Single-family rentals are very different from single-family homes

●   [41:08] Eric Martel – the lessons from the dot-com crash

●   [49:27] Why Vince cut cords with Wall Street

●   [54:02] Stick to what works and makes you money

Resources:

●   Website

●  Instagram

●  Facebook

●  Get your copy of Stop Trading Your Time for Money, Book by Eric Martel

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

The Hawaii Millionaire Mindset Conference: “The Blueprint” will be happening here in beautiful Hawaii, next year, July 21st-24th 2022. Come join top industry leaders for motivation, training, and of course, lots of networking. Early bird specials are happening now so if you want the absolute best pricing, go to https://www.millionairesmindsetblueprint.com/ to find out more.

Join Vince with his guest Chris Miles as they talk about why you should go against what financial advisors teach, from an experienced former financial advisor himself. In a time where retirement seems dangerous to many people today, Chris shares the story of how quitting his career as a financial advisor allowed him to attain financial independence twice. Today, Chris talks more knowledge about why banking on appreciation is a big gamble, the flywheel concept from the book Good to Great, what doesn't make you a conservative investor, how you can make your investment pay you twice, and the loopholes of financial advising that made him choose to exit. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

●    [01:45] Chris Miles – on going against everything he learned as a financial advisor

●   [04:15] From teaching people how to get out of the rat race to teaching resourcefulness

●   [09:08] The Financial Advisor's Mindset

●   [14:26] But that's not value add…

●   [18:02] The most expensive rip-off insurance policy I could've ever bought

●   [23:03] They'll tell you that you're paying yourself

●   [28:04] What is the Flywheel Concept?

●   [33:46] Appreciation is the gravy on top!

●   [38:11] Turn your mind away from what everybody's saying

●   [42:23] I'm a teacher!

Resources:

●   Money Ripples | Create Freedom & Prosperity Today

●  The Chris Miles Money Show

●  Good to Great: Why Some Companies Make the Leap, and Others Don't

●  Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Vince and Matt as they chat with Alex Jarbo about what goes into developing short-term rental properties and marketing their listings. Alex is a military veteran, a program lead specialist, and a licensed real estate professional at Keller Williams Realty Inc. While advocating for online education, he serves as the Operations and Property Manager at Recession Proof Property Partners. Alex successfully merged military and real estate experience with specialized leadership As always, there’s a lot to unpack in this episode, so stay tuned and enjoy the show!

Outline of the episode: 

●       [01:11] Why Alex Jarbo chose to invest in real estate as opposed to other assets

●       [04:06] How even the best business plan can fail in an unstable market

●       [05:53] What prompted Alex to start investing while in the military

●       [09:27] Closing his first deal and other challenges he faced along the way

●       [12:20] Using recourse debt when making commercial loans

●       [14:36] Finding the right lenders and building relationships with them

●       [17:30] How to get past the usual mental plateau new investors get stuck at

●       [20:36] Landing on the real estate market in Asheville, North Carolina

●       [22:47] What to look out for when choosing any type of real estate market

●       [27:43] Managing properties and pitching deals to new investors

●       [30:59] How Alex funds different costs on a property with loan products

●       [32:42] His target size of property and number of guests in a listing

●       [34:42] Furnishing, underwriting, and marketing short-term rentals

●       [37:47] The value of having a direct booking website for your rentals

●       [42:10] The biggest mistake Alex has made in his real estate journey

●    [44:21] What books Alex Jarbo recommends people read

●    [45:30] His superpower of connecting the dots and putting deals together

●    [47:39] The biggest lesson Alex learned so far over his entire career

●    [49:49] His advice on working towards financial freedom as a busy working professional

●    [51:08] How you can get in touch with Alex to learn more about him and his work

Resources:

●    LinkedIn

●    YouTube

●    The ONE Thing by Gary Keller and Jay Papasan

●    The Miracle Morning by Hal Elrod

 Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

 The Hawaii Millionaire Mindset Conference: “The Blueprint” will be happening here in beautiful Hawaii next year, July 21st-24th, 2022. Join top industry leaders for motivation, training, and of course, lots of networking. Early bird specials are happening now, so if you want the absolute best pricing, go to https://www.millionairesmindsetblueprint.com/

Join Vince as he chats with Dearonne Bethea about managing a hundred successful businesses. Dearonne is the founder and CEO of the Band of Brothers Investment Group. He also serves as the Director of Acquisitions and key principle at Tri-City Equity Group. So far, Dearonne has built a vast portfolio of 925 multifamily units and private equity deals due to the leadership and strategic, operational skills he learned in the military. He even founded a non-profit organization that holds community outreaches, offers internship opportunities for young adults that need a second chance, and provides housing for low-income families. Today, Dearonne also shares his journey, from joining the military, learning simple investing, and eventually branching out to alternative means to generate income. As always, there’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

About Dearonne Bethea:

Dearonne Bethea is a corporate business owner, real estate investor, founder/CEO of Band of Brothers Investment Group, Acquisitions and Key Principal for Tri-City Equity Group, and a Chief Warrant Officer Three in the US Army. By applying the leadership, strategic, and operational skills he obtained in the military to his personal life, he has created a portfolio of 925 multifamily units and private equity deals, including hotels, senior assisted living, student housing, and fitness centers.

In 2016, Dearonne created the non-profit organization, “The Dearonne and Pamela Bethea” Foundation, which focuses on community outreach, entrepreneur internship opportunities for young adults that need a second chance, and housing for low-income families.

Outline of the episode: 

●      [01:27] Dearonne Bethea’s life growing up before serving in the military

●      [03:54] Finding his first mentor and working under CSM Mike Sampson

●      [08:24] Simple investing and learning how money makes money

●      [12:17] Dearonne’s first property and how he got into real estate investing

●      [17:49] Buying houses in low-income areas and giving back to his community

●      [18:58] His time in Afghanistan and why he educated himself on starting a business

●      [22:27] Creating the Band of Brothers and getting into franchising

●      [24:43] The value of military experience in operating a branch of Anytime Fitness

●      [26:21] Learning alternative investments and creating more income

●      [29:24] How Vince’s story to real estate investing is similar to Dearonne’s

●      [33:05] The influence of Grant Cardone’s The 10X Rule on Vince and Dearonne’s lives

●      [39:26] What Dearonne learned from the biggest mistake he has made in his career

●      [43:16] What advice would Dearonne Bethea give to his 20-year-old self

●      [46:59] The best book he recommends, his superpower, and the biggest lesson he has ever learned

●      [47:28] Dearonne’s advice for the busy working professional on achieving financial freedom

●      [48:23] How to get in touch with Dearonne Bethea to learn more about him and his work

Resources:

●      Website

●      LinkedIn

●      The 10X Rule by Grant Cardone

https://www.millionairesmindsetblueprint.com/ 

Connect with The Cashflow Project!

●      Website

●      LinkedIn

●      Youtube

●      Facebook

●      Instagram

Join Duc and Steve as they chat with Mike Stohler about seizing opportunities through hotel investments. Mike is the co-founder of Gateway Private Equity Group, a hotel real estate investment firm. When the multifamily market shifted in 2016, Mike pivoted into hotel investments for higher returns and better value-add opportunities. And as Mike added to his hotel portfolio, he found ways to scale his real-estate business through hiring virtual team members in Mexico. Soon after, other real estate investors started asking him to help them find similarly qualified personnel, which led him to start Gateway VA. Mike So today, Mike shares how he helps other business owners enhance productivity by hiring highly skilled virtual team members through Gateway VA. There’s a lot to unpack in this episode, so stay tuned and enjoy the show!

Adapting to Change and Accepting Failure

With every downturn, people either adapt to the circumstances or go the way of the dodo. Mike Stohler, however, always picked up new tools and changed his strategies accordingly. And so, in this episode, we touched on how COVID impacted not only Mike’s daily operations but also his acquisition strategy and the tools he uses in hotel investing.

About Mike Stohler:

Mike Stohler is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group, a real estate investment firm whose portfolio has included hotels, multifamily, and residential properties. Between apartment complexes, houses, and hotels, Mike has owned or operated over 1300 units. Seeking value-add opportunities and higher returns, Mike pivoted from multifamily to hotels and now focuses exclusively on this niche.

When Mike first started in real estate investing in 1999, he lacked experience and failed. However, he has created immense change in his business and life through committed action to learn, grow their skills, and help others.

Since his early beginnings, Mike has seen significant financial gain and wealth generation through powerful real estate investing. Passionate about the impact real estate investing has had on his life, Mike leverages his experience to help busy professionals generate long-term wealth through hotel real estate investments.

Outline of the episode:

● [01:06] How and why Mike Stohler started his journey to earn passive income

● [02:57] The difference between investing in hotels as opposed to multifamily

● [05:50] How someone with no experience can get into hotel investing

● [08:07] What types of hotels perform consistently regardless of market conditions?

● [10:09] How and why Mike structures his deal as open funded projects

● [13:06] Adapting to change and accepting failure as another lesson to learn

● [16:02] The impact of COVID on hotel investing and choosing project locations

● [20:43] Why consider getting into hotel investing when diversifying your investments

● [25:51] Evaluating the type of cost and work needed for hotel and multifamily investing

● [31:01] How to run a pro forma with numbers and trends changing amid the pandemic?

● [32:53] Looking into other thriving industries and responding to opportunities in them

● [35:42] Why having a team or mentor is essential in expanding your business?

● [37:25] The best book Mike recommends other than Rich Dad Poor Dad

● [38:42] His superpower of looking at every line of data and digesting it

● [40:09] The most significant lesson Mike Stohler learned over his career

● [42:06] His advice to achieve financial freedom for the busy working professional

● [43:38] How you can get in touch with Mike to learn more about him and his work

Resources:

●    Website

●    LinkedIn

●    Money Secrets of the Rich by John Burley

 https://www.millionairesmindsetblueprint.com/

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Steve and Matt as they talk about a short-term rental deal they closed last July, which just went live this month. The listing is a cabin located in the Coosawattee River Resort, a gated neighborhood with multiple pools, a game room, and other amenities. So far, the multi-floor cabin has been booked well. Hence, they will take us through what the place looks like, and the work put into it. Not only that but Steve and Matt will also explain the other facets of real estate that they dove into to feed their multifamily projects. As always, there’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

Providing Value to Gain Value

At first, Steve and Matt go over some exciting features of their multi-floor cabin listing, from the indoor slide to the game room, the fire pit in the back, the neighborhood amenities, so on and so forth. Most hosts, often new to real estate, would dismiss these features, focusing on the basic amenities of a short-term rental. However, these two saw these features as an opportunity to add value to the listing. As with most short-term rentals, people often book them to take a break from their usual routine. But with the rise of online listings for vacation rentals, standing out among people’s searches becomes more challenging.

Steve said it best with “we only get compensated for anything when we are providing value.” In other words, to stay on top of searches and possibly increase bookings, it is essential for you as the host to provide an experience rather than just another room to spend a few nights in. In Steve and Matt’s case, providing an experience is what they aimed for. Hence, they added an arcade machine to the game room, featured the indoor slide in the listing’s gallery, and emphasized its location’s outdoor amenities. Steve also explained how, with short-term rentals, you could afford to be more active in providing these unique features, unlike with long-term ones, where providing basic amenities is more than enough value-added. In the end, when hosting vacation rentals, providing value through short-term quality experiences yields long-term quality results.

 Outline of the episode: 

●       [01:30] How there are countless different ways to earn in real estate.

●       [03:11] The general area of the listing’s location and why it is on top of searches.

●       [05:54] Using professional photography and points of differentiation in the listing.

●       [08:05] What the game room looks like and why they chose to provide it.

●       [09:57] Attracting the widest audience with key features anyone can enjoy.

●       [12:01] What the neighborhood is like and why it is essential to include it in the listing.

●       [13:49] Finding properties like the multi-floor cabin and the different markets to consider.

●       [16:34] The costs that went into closing the deal and rehabilitating the property.

●       [18:29] How real estate is not a purely passive way to generate cash flow.

●       [21:06] Why you should avoid investing and running a property in your local area.

●       [25:10] Partnering up when you lack the money to invest but want to get started.

●       [26:49] How you can get involved in Steve and Matt’s multifamily deals.

 https://www.millionairesmindsetblueprint.com/

Resources:

●    Multi-floor Cabin Listing

 Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Vince and Matt as they talk with Denis Shapiro about his book, The Alternative Investment Almanac, and why he thinks there is 'magic' in alternative investment. Connecting and networking is a powerful skill and tool when it comes to real estate. But, for Denis, networking shouldn't always just be about your bottom line. When you can provide value for others, you are already on your way to making long-term connections. Today, Denis talks more about the pros and cons of investment clubs, his mistakes as an alternative investor, how he networked and invested from scratch, and all the insights he can share on how you can build wealth in non-traditional ways. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

●    [01:02] Apartment Syndication – the gateway drug to real estate investing.

●   [05:17] Feel your first investing experience to gear better for the next.

●   [09:24] Why did Denis write the book, The Alternative Investment Almanac?

●   [13:24] How do you start a network from zero?

●   [18:51] Denis Shapiro on investment clubs.

●   [23:16] From investment club to hedge fund.

●   [26:34] My worst investment was also my best investment!

●   [32:11] Alternative investing is where the magic happens!

●   [35:56] Denis Shapiro on the book, The Five Love Languages.

●   [39:09] Focus on the quality of your after-work life and not on your checklist after retirement.

Resources:

●   SIH Capital Group

● The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways, Book by Denis Shapiro

●  The 5 Love Languages: The Secret to Love that Lasts, Book by Gary Chapman

 https://www.millionairesmindsetblueprint.com/

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Vince and Matt as they chat with Alex Sabio about how he attained his own definition of freedom through luxury short-term rentals. Since 2002, Alex has worked as a Respiratory Therapist in one of the best-paying hospitals in the field. But, despite the high income, for Alex, it felt miserable. To satisfy the itch of doing his own thing, Alex got into real estate investing and focused on cash flow. Now, Alex shares about how he learned his way into real estate, how he self-manages his properties when they're miles away, and how investing in short-term rentals replaced his income and helped his wife retire from her W-2 job. For Alex, when you have limiting beliefs, sometimes you just have to poke around and see the many people who broke through those issues. Once you do, you go to those people and learn from them. There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

●    [03:08] How do you transition from a W-2 job to real estate?

●   [05:02] The most worthwhile investment for Alex

●   [07:28] Listen to your professionals – the right thing to do

●   [11:22] How is the property doing in the market currently?

●   [15:50] The thing with short-term rentals

●   [20:09] What is financial freedom to you?

●   [24:50] Alex Sabio on confidence and underwriting

●   [28:26] During the busy seasons, price high and be patient

●   [32:19] Do you need conventional loans?

●   [37:00] You need to be comfortable with being uncomfortable

●   [40:47] Can't hurt me, by David Goggins

●   [45:00] If you're going to dive into it, dive all in

https://www.millionairesmindsetblueprint.com/

Resources:

●    Facebook

●   Instagram

●   Health Care Professionals Real Estate Investors Facebook Group

●   Can't Hurt Me, Book by David Goggins

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Duc and Steve as they chat with Dave Dubeau about diversifying with sale-leasebacks in industrial real estate. Dave is a real estate entrepreneur, best-selling author, speaker, and investor attraction expert in British Columbia, Canada. He is also the owner of Results Enterprises Inc., a real estate education, training, and consulting company that provides a proven solution for investors looking to raise private capital. They teach you to secure funding by attracting motivated money partners rather than relying on cold-calling and networking, which brings us to Dave’s book, Investor Attraction. Today, he shares what experiences led to his book’s creation and how to create a regular flow of inbound investor inquiries about your deals. There’s a lot to unpack in this episode, so stay tuned and enjoy the show! 

About Dave Dubeau:

Dave Dubeau began his real estate investing career in 2003, doing 18 deals in 18 months. Dave later switched his focus to client-first rent-to-own deals, and nowadays, he invests in multi-family properties. For the last several years, Dubeau has been a leading authority on helping mom-and-pop real estate investors to find money partners and raise capital. 

Using his proprietary “5 Step Money Partner Formula”, Dave helps his real estate entrepreneur clients grow their portfolios significantly and in record time by attracting investors instead of chasing after them. Not only that, but his company, Results Enterprise Inc., has helped hundreds of entrepreneurs worldwide by skyrocketing their capital-raising processes. At this point, they have assisted their clients in raising millions of dollars cumulatively. 

Outline of the episode: 

●       [00:53] How and why Dave got started in his journey to earn passive income

●       [03:07] What the “rent-to-own” strategy is and how to qualify for it

●       [04:57] His transition to raising capital for his larger projects like new construction

●       [05:58] The philosophy behind his proprietary five-step process to raising capital

●       [08:25] How the five-step process works and the value of experience in real estate

●       [12:58] The challenges real estate investors face as busy working professionals

●       [15:07] Why you should focus on attracting investors rather than chasing after them

●       [17:42] The biggest obstacle Dave has faced in his real estate career so far

●       [19:52] His experience navigating the real estate space amid the ongoing pandemic

●       [21:20] Where Dave Dubeau sees the future of capital-raising

●       [24:32] The best book Dave recommends and his superpower of simplification

●       [25:36] Dubeau’s advice for the busy working professional to achieve financial freedom

●    [26:21] How you can get in touch with Dave Dubeau to learn more about him and his work

Resources:

●    Website

●    LinkedIn

●    Investor Attraction by Dave Dubeau

●    The Ultimate Sales Machine by Chet Holmes

●    Who Not How by Dan Sullivan

 https://www.millionairesmindsetblueprint.com/

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

Join Vince as he chats with Gary Lipsky about mastering class asset management. Gary is a real estate entrepreneur who focuses on multifamily syndication. So far, he manages about 41-billion dollars worth of assets with more deals in the pipeline. Gary is also the president of Break of Day Capital, which aims to positively impact its investors’ lives and communities through a high level of transparency and fiduciary responsibility. He also hosts The Real Estate Asset Management Podcast, where they bring in other real estate experts to educate both aspiring and veteran asset managers. Today, Gary will also talk about his book, Best In Class, which he co-authored with Kyle Mitchell. “Best in Class” lays out the foundations for creating better systems so that you can take control of your property and build wealth for you and your investors. There’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!

About Gary Lipsky:

Gary has been a real estate investor since 2002 and has invested in over 1900 units with $65MM AUM. Gary is also the Co-Founder of the Asset Management Summit, Real Estate Asset Management Podcast, and Co-Author of the book Best in Class. His expertise in asset management is his secret sauce, and he started developing those skills at a young age.

Outline of the episode: 

•        [01:42] Who Gary Lipsky is and how he got to where he is today

•        [03:12] The “why” behind Gary’s new venture into passive income

•        [05:04] What drew him to asset management and eventually teaching it to others

•        [07:40] What “Best In Class” is about and some of Gary’s favourite topics in it

•        [10:14] How making your property managers a part of your team sets them up for success

•        [12:54] The importance of holding people accountable and effective ways to do so

•        [14:35] The value of being able to pivot from a business plan that no longer works

•        [21:32] How to get the most of your properties’ utility savings by applying for grants

•      [19:24] Why being flexible is essential in becoming a good asset manager

•        [26:58] His experience managing assets and running properties amid the pandemic

•        [29:19] Why passive investors nowadays should chase good operators and not IRRs

•        [33:58] How you can get in touch with Gary Lipsky to learn more about him and his work

 https://www.millionairesmindsetblueprint.com/

Resources:

•      Website

•      LinkedIn

•      Facebook

•      Instagram

•      Best in Class  HYPERLINK "https://www.amazon.com/gp/product/B096YS1HYX"by Kyle Mitchell and Gary Lipsky

Connect with The Cashflow Project!

•      Website

•      LinkedIn

•      Youtube

•      Facebook

•      Instagram