The Cashflow Project

Join Duc Ong and his co-host, Steve Fierros, as they chat with Jonas Bordo about protecting landlords and tenants from frauds and adapting to the rental market’s challenges caused by the pandemic. Jonas is a landlord to more than 100,000 people and CEO and co-founder of Dwellsy, a free rental listing site where owners and property managers can get high-quality leads for free and where renters can find a rental and make it home. He created Dwellsy after seeing how difficult it was for renters to find rentals as scams exploded in number on Craigslist. He also saw how rapidly rental inventories shrunk, and marketing costs grew for multifamily and single-family owners and operators because of pay-to-play ILS platforms significantly raising their prices. All the while, lead quality on rental listings sites plummeted. In this episode, also learn more from Jonas about the demand for reputation management in the rental market!

The Demand Reputation Management in the Rental Market

Apartment communities often struggle with reputation management, specifically in terms of the traditional rating approach. In contrast to restaurants and stores with multiple opportunities to get a good rating, apartments and other residential home rentals only have opportunities to do the same. Even worse, there would always be a bad day for the few tenants who do rate these places, where they would have maintenance issues, and the landlord would not be around to fix it, and the like. In turn, Jonas would often find that apartments’ reputation scores only map out how hard the rental listing platform or the landlord is working on reputation management, instead of how good that landlord or that community is as a place to live. Right now, there is a demand for reputation management, and rental listing platforms like Dwellsy need to thread an approach for it. They need to provide an accurate picture of what it is like to live in an apartment community and what its landlord is genuinely like, but that would require nuance and critical thinking.

About Jonas Bordo:

Jonas Brodo is the CEO and co-founder of Dwellsy, a site where renters can find rentals all in one place, and landlords can list and lease their vacant units for free. The company believes in the radical concept that accurate, organic search in a free eco-system creates more value than the pay-to-play model embraced by all current rental listing services. 

Outline of the episode: 

●    [01:26] What prompted the creation of Dwellsy.

●    [02:28] Monetization on a free platform like Dwellsy.

●    [06:21] Protecting renters and landlords against scams that are common online.

●    [09:31] The effects of Covid on renters, landlords, and the market as a whole.

●    [14:09] How Dwellsy adapts to the challenges caused by the pandemic.

●    [18:28] The importance of reputation management in the rental market.

●    [21:53] The best business book, recommended by Jonas Bordo.

●    [22:33] Jonas’ superpower of being critical.

●    [22:58] The most significant lesson Jonas learned over his career.

●    [23:31] Jonas’ advice on how to work towards financial freedom.

Resources:

●    Jonas’ Linkedin: https://www.linkedin.com/in/jonas-bordo

●    Company Website: https://dwellsy.com

●    Facebook Page: https://www.facebook.com/DwellsyRents

●    Twitter: https://twitter.com/dwellsyrents 

Connect with Cashflow Project!

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with Hadar Orkibi about his transition from investing in real estate in New Zealand to the United States. Hadar is the Principal at Multi-Family Investment Holding and Make It Happen Mastermind. He shares a lot of golden nuggets in this episode; they also tackle the importance of lender relationships, stress testing, five elements of a successful business, and other great topics to learn to improve as an investor! 

Stress Testing in Real Estate

As a new wave of coronavirus hits the United States, it is difficult to predict what will happen to the state of the market and economy in the next months. There are a lot of things that are out of our control, particularly during this pandemic. In these times of crisis, stress testing is vital to prepare for any possible downturns in the economy. Failing to predict potential problems will have a huge impact on your business that could have been easily avoided if planned ahead. Stress testing gives you the ability to assess and prevent future concerns. This gives you the opportunity to avoid or lessen the damage of a certain problem and look for better choices. Don’t take it for granted and skip this process, especially to your asset management. 

To keep moving forward and adapting to these situations, developing better strategies, systems, and doing your due diligence is essential. If you also want to make sure that your underwriting and stress testing is done efficiently, ask for help from another person who will look at the possible holes in the evaluation. Communicating with your team about the outcome of your stress testing is a big part of it. 

About Hadar Orkibi:

 Principal at Multi-Family Investment Holding and Make It Happen Mastermind Group

A US Citizen, full-time Property Investor, and Trader. He has invested in Real Estate for over a decade with a focus on Multi-Family Apartment Buildings that have value-add upside potential. 

Hadar Invests in Multi-Family Residential and Commercial Real Estate and is a regular contributor to the NZ Property Investor Magazine. Hadar participated as a guest in NZ and US Real Estate Investing podcasts. 

Specialities: Asset management. Investment underwriting. Project Management – PRINCE2 ® Certified.

Resources:

·        Phone: 501-251-8201 

·        Hadar’s Linkedin: https://www.linkedin.com/in/hadar-orkibi-a9a1a841/ 

·        Company Website: https://mfiholding.com/ 

·        Youtube: https://www.youtube.com/c/MultifamilyRealEstateInvesting 

·        Instagram: https://www.instagram.com/mih_mastermind/ 

Connect with Cashflow Project!

·        Website

·         LinkedIn

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with David Toupin about his experiences as a top millennial real estate investor. David is the co-founder of Obsidian Capital and the CEO of Real Estate Lab, who started investing in real estate during his college years at the young age of 20. He also shares with us strategies and factors you need to consider as an early investor, misconceptions about real estate, and the importance of nurturing your relationships in the industry. If you’re someone who’s afraid to get started investing in real estate, this episode is for you!

Let Go of Your Limiting Beliefs

Many people are hesitant to invest in real estate because they doubt if they’re capable enough or do not have enough money to start. David’s inspiring journey proves that you can start investing in properties as early as 20 and still a college student. You don’t need to have a lot of money; you can apply for loans or get into syndications. Stop overanalyzing about the things that could go wrong; instead, just dive into it and pursue your goals. Your limiting beliefs will only become true if you do not take action. A lot of people waste their years doubting themselves and the opportunities they have. David had many failed businesses and mistakes in his early years in real estate, but he didn’t stop and let those overwhelm him. He dedicated himself to learning and gaining experiences. Today, he has developed 1,000 apartments worth more than $100M and a real estate company with over $50M real estate holdings!

Start overcoming your limiting beliefs because you’re only sabotaging the successful future you could have. If you start accepting these as truths, they will become your reality. Although it is not easy, it is better than having regrets in the future about the things you wished you did. Moreover, become comfortable with failing. When you combine failures with hard work, you’ll eventually achieve success. Prove yourself wrong, disregard those doubts, and get started on working hard to achieve your dreams. 

About David Toupin:

David Toupin is a Top Millennial real estate investor, speaker, and entrepreneur. David is the co-founder of Obsidian Capital, an Austin Texas-based real estate investment firm. David started investing at the age of 20 in Michigan, where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree, David had already acquired $7M in multifamily real estate holdings. By the age of 24 years old, David has built a real estate company as a key principal with over $50M in real estate holdings and has raised north of $10M in capital. He is also the creator of the best-selling multifamily deal analyzer which is now being converted into a web-based software platform called Real Estate Lab. 

Resources:

·        Email: [email protected] 

·        Facebook: https://www.facebook.com/thedavidtoupin 

·        David’s Linkedin: https://www.linkedin.com/in/toupindavid/ 

·        Company Website: https://www.obsidiancapitalco.com/ 

·        Instagram: https://www.instagram.com/realestatejedi/ 

·        Youtube: https://www.youtube.com/c/DavidToupin 

·        Multifamily Deal Analyzer: https://www.obsidiancapitalco.com/dealanalyzer 

Connect with Cashflow Project!

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·         LinkedIn

·        Youtube

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with Josh Plave about using a self-directed IRA in investing in multifamily real estate. Josh is the founder of Wall to Main, a full-time multifamily investor, and a retirement investing educator. He started his journey at the young age of 16 with his first Roth IRA and now has built a portfolio of over 700 units across three markets! Josh shares with us his experience investing first in multifamily properties, where you can invest your retirement accounts and what specific types of investments are good to invest in. In this episode, also learn more about how Josh used multiple IRAs to his advantage to achieve success!

The Benefits of Using Self-Directed IRAs For Real Estate

Having a Self-Directed Individual Retirement Account is a great way to save for your retirement that you can actually use to invest in real estate. There are a lot of investment and diversification benefits you can choose from. It is no wonder why self-directed IRAs are becoming more popular. In comparison with other IRAs, you will not be limited to stocks and mutual funds.

Some of the reasons why a lot of people prefer to use this when investing in real estate is because of the tax-deferred income, lower fees you need to pay, limited liability, and the control you will have over your investments. This is also more convenient because usually the process is quick when you want to get money in your account to make an investment. Self-directed IRAs also provide certain investment protections in case of bankruptcy; you will be exempted for up to $1 million of your funds! This gives you more asset protection, especially when investing in multifamily properties. With the help of self-directed IRAs, you can have multiple exit strategies. If you want to have more protection and control over your investments, this is definitely a great choice!  

About Josh Plave:

Josh's experience in retirement accounts began at 16 when he opened his first Roth IRA and began trading equities. ​ Since then, after the unfortunate passing of his grandfather and mother, he was left with multiple Inherited IRAs. Through careful research and structuring, Josh has been able to further the legacy of prior generations and accelerate the growth of his family's capital. ​ 

This experience led to the creation of Wall to Main, where the lessons learned and opportunities found are meant to be shared, free of cost, for those who seek to preserve and grow their wealth for a prosperous future.

Resources:

·        Josh’s Linkedin: https://www.linkedin.com/in/joshplave/ 

·        Company Website: https://www.walltomain.com/ 

·        Facebook Page: https://www.facebook.com/walltomain/ 

·        Instagram: https://www.instagram.com/walltomain/ 

·        Youtube: https://www.youtube.com/channel/UCOaC1lS

Connect with Cashflow Project!

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·        LinkedIn

·        Youtube

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with Gene Trowbridge about the questions first-time syndicators should ask and consider. Gene is a real estate syndicator and a co-founding partner at the Trowbridge Law Group. He has decades of experience and knowledge of being part of syndications! In this episode, Gene also shares with us the importance of building relationships and the upcoming changes to the definition of an accredited investor. 

Syndication is not about Real Estate

We all know that in syndications, you have to form a lot of partnerships with multiple investors to start pooling capital for a certain deal. Before these partnerships are formed, you have to build relationships with the investors to find out if they’re the right people that will match well with your personality and values. If you’re aiming to have a wide network and long-term connections, developing your relationships with these people is important. You will want to earn their trust and confidence in your capabilities. 

Gene said that syndications are not about real estate, but rather the relationships you build with people.

Outline of the episode: 

·        [01:56] The start of his real estate syndication journey.

·        [05:03] At the age of 45 he decided to get into law school.

·        [07:28] Gene’s why for helping people in their syndication journey.

·        [09:42] The common mistakes early syndicators make.

·        [12:00] Do you need a key man insurance?

·        [14:46] Questions first-time syndicators should be asked.

·        [18:08] Investing in deals and their TBD podcast series.

·        [19:32] You need to decide what you really want to do before asking for help.

·        [23:26] The importance of having policies in your business.

·        [24:25] Great kinds of properties to invest in real estate today.

·        [27:00] Different kinds of companies shutting down because of the pandemic.

·        [28:27] Long-distance is a good long-term solution for office problems.

·        [31:27] A proposal to modify the accredited investor definition.

·        [35:28] Working with syndicators that are not from your local area.

·        [38:50] Gene’s two extremely valuable presentations.

Resources:

·        Office: (949) 570-1507

·        Direct: (949) 855-8399 

·        Email: [email protected] 

·        Company Website: https://trowbridgelawgroup.com/ 

·        Personal Linkedin: https://www.linkedin.com/in/genetrowbridge/ 

·        Company Linkedin: https://www.linkedin.com/company/trowbridge-law-group-llp/ 

·        Instagram: https://www.instagram.com/trowbridgelawgroup/ 

·        Youtube: https://www.youtube.com/channel/UClKK5l9ng1bkW-ihHufDgGA 

Connect with Cashflow Project!

·        Website

·        LinkedIn

·        Youtube

·        Facebook

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with Shayne Whittington about his experience of being a professional NBA player to becoming a commercial real estate syndicator. Shayne is the owner of AKW Investments, a commercial multifamily syndication company where they provide opportunities for working professionals to passively invest in multifamily properties. He is a dedicated person who is extremely passionate about sports and real estate. One of his goals is to share and educate athletes about real estate to achieve financial freedom through multifamily syndications!

Educating People about the Benefits of Real Estate

Getting into the real estate industry and investing passively offers so many great benefits. Becoming a real estate investor can change your life and provide you the time to pursue the things you really want. If you’re thinking about quitting your full-time job that requires you to work 40 hours a week, real estate is definitely the right path for you!

There are a lot of people who are hesitant to start investing in real estate because it seems too good to be true. Sometimes it just appears to be that way because some successful people tend to highlight their success and do not share their struggles and failures. Although real estate can bring you the success you want, there are still many challenges you’re going to encounter.

Don’t get me wrong, real estate is worth it and can be done smoothly when you have the right people on your team. The benefits of investing in real estate provide investors with the opportunity to achieve financial freedom, creating their own legacy, the right to be their own boss, more time to spend with their family, and so much more!

They say that there are certainly enough deals for everyone in the real estate world. Shayne loves to help and educate people about real estate, sharing his passion with individuals who have the interest and potential. Moreover, no one should ever be forced to invest in real estate, make your choice and decide on your own. 

Learn the Process before Starting

Education and learning through experience is essential in every industry you get into. If you want people to trust and take you seriously, you have to know what you’re doing. Learn the process, the ins and outs of what you’re trying to pursue. It doesn’t necessarily mean you have to know everything because that is impossible. However, if you want to take on leadership roles or starting your own company, you have to be a person who is knowledgeable about the system. Investing in your education and trying to find ways to gain experiences is crucial to your journey to success!

About Shayne Whittington: 

Shayne Whittington started investing in real estate in 2017 by starting Mitten Development Group LLC with two partners. A company focused on building high-end custom homes in Kalamazoo, Michigan. Wanting more of a passive income stream, in 2018, he started investing in single-family rentals in Michigan and Indiana. Now, he has passively invested in more than 534 units of multifamily syndications and is currently part of his first GP on a 165 unit deal in the Indianapolis MSA.

Resources: 

·        Phone: +1(269)998-9319 

·        Company Website: https://www.akwinvestments.com/ 

·        Shayne Whittington’s Linkedin: https://www.linkedin.com/in/shayne

Connect with Cashflow Project!

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·        Youtube

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Join me and my co-host, Vince Gethings, as we chat with Rob Beardsley about how to underwrite a multifamily real estate deal. Rob is an incredible author, speaker, and the founder and principal of Lone Star Capital, a real estate investment firm. In this episode, he shares with us great insights about preferred equity, the structure of underwriting during the pandemic, doing your due diligence, and much more! 

Being Busy Doesn’t Mean You’re More Successful

Most people think that when you’re busy and have a lot of responsibilities, you’re more successful. Then they overload themselves with work and try to do everything on their own. However, the truth is the more you’re busy, the less you’re actually living and doing less for yourself. Many of us make this mistake of not trusting others because we believe that we can do better than them. This kind of wrong belief will only make your life more difficult. 

In the real estate industry, trust and great communication are very important factors that you should have in every work and business relationship you get into. Delegating and leveraging the company work through your team is essential for your business growth. By doing this, you’re making yourself more available to opportunities for success and important matters that will help you scale faster. 

Always Do Your Due Diligence

The due diligence you do and the value you bring to every relationship is important. Rob says that due diligence is something you cannot really do enough of and can be learned the easy way. Your tasks and responsibilities are some things that you should be accountable for in doing. Nonetheless, it doesn’t mean you have to do them alone. Finding great partners and team members that will complement your strengths and weaknesses can greatly help you achieve your goals! You’ll become reminded and more motivated to do your work if you have the right people around you.

About Rob Beardsley: 

Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital and has acquired over $100M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.

Resources: 

·        Rob Beardsley’s Linkedin: https://www.linkedin.com/in/rob-beardsley/ 

·        Personal Website: https://robbeardsley.me/ 

·        Company Website: https://lonestarcapgroup.com/ 

·        Youtube: https://www.youtube.com/channel/

·        Email: [email protected]

·        Phone: (650) 380 - 2609

·        Instagram: https://www.instagram.com/rob_beardsley/ 

·        Facebook: https://www.facebook.com/RobBeardsleyLSC/ 

Connect with Cashflow Project!

·        Website

·        LinkedIn

·        Youtube

·        Facebook

·        Instagram

Join me and my co-host, Vince Gethings, as we chat with Mike Loomis about how he has successfully scaled and built MDL Companies. Mike is the founder and CEO of MDL Companies, a vertically integrated real estate firm with five divisions including construction, investments, property management, realty, and restoration! MDL Companies is a family-owned and operated company, and he has not only his sons working in the firm but also some of his nephews! Their strategies and how they manage MDL Companies is amazing! Learn from Mike himself who grew this company from the bottom to the top!

Working in a Family-Owned Business

Working and firing your family member is definitely harder than doing that to an employee you have no blood relations with. It can be difficult to manage if you don’t have mutual respect and understanding with one another. This can even damage the whole company if not handled properly. However, when you do invest in building good professional relationships with them, there are also a lot of great advantages! Good benefits such as, you can definitely trust them more with your confidential business plans and that they won't run away with your money.

In this episode, Mike also shares his pieces of advice on how they’re able to make it work so well even when he has his sons and nephews in the company!

Fresh Ideas from the Youth

Times are changing, and everything is becoming more advanced in terms of the technology that we use. It is important to always have your ears and mind open to new ideas, especially from the youth or younger generations. They can provide fresh ideas to your company about the new applications, technologies, and innovative strategies in-line with the current trends to scale faster! Don’t underestimate younger people than you, they can provide great opportunities for growth for your business!

About Mike Loomis:

Mike Loomis is the founder and CEO of MDL Companies. With 33 years as a professional contractor, real estate broker, and industry innovator, Mike has grown MDL as the premier realty, construction, restoration, and property management company in the Tri-City area. Mike is currently fulfilling his dream career by empowering his employees on a daily basis and providing opportunities to those in need in the local community. Outside of work, Mike is an avid golfer and MSU fan highly focused on his faith and his family. His favorite hero is Superman because he wishes he had the superpower of flight.

Resources:

·        Website 

·        Email 

·        Phone: (989) 895 - 1590 

·        Fax: (989) 895 - 1592

Connect with Cashflow Project!

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Join Steve Fierros and his co-host, Matt Callihan, as they chat with Cory Nemoto about building cash flow, helping other people, finding fulfillment, swapping stress for gratitude, and so on! Cory is the co-owner and founder of KÉCŌ CAPITAL, a hard money lending company that will not only provide the primary financing on their client’s deals but provide guidance and support as well! In the episode, Cory also talks about dealing with the COVID-19 environment and making tough decisions in this crisis!

Outline of the episode: 

·        [00:02:10] A background of what Cory does and his current projects.

·        [00:04:01] A big part of Cory’s why is his love for helping people and wanting to leave a legacy behind.

·        [00:09:25] The four phases of an entrepreneur’s career.

·        [00:12:58] Start being proactive rather than reactive. We have to prepare for the worst with the COVID-19.

·        [00:18:26] Communication is always key; don’t hesitate to talk about uncomfortable topics.

·        [00:20:48] This whole COVID-19 situation has forced a lot of big companies to close.

·        [00:25:42] Everyone is facing more battles now; we need to strive to come out of this situation better than ever.

·        [00:30:31] How many deals and products do they currently have available?

·        [00:37:14] There are still a lot of opportunities out there; you just have to look for them.

·        [00:39:26] Building good relationships is the key to this real estate business.

·        [00:47:22] Entrepreneurship is about syndication; they bring people together.

·        [00:52:57] How the Go-Giver and Rich Dad Poor Dad book changed his life.

·        [00:57:21] Cory’s superpower is building relationships and genuinely connecting with people.

·        [00:58:49] There is such a thing as growing too fast; it is okay to grow at your own pace.

·        [01:00:58] Before you take a leap and burn your ships, make sure that this is the path you want to take.

Resources:

·        Linkedin

·        Website 

·        Instagram

·        Facebook

·        Email

·        Phone: (425) 526 - 3007

Connect with Cashflow Project!

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·        LinkedIn

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Join me and my co-host, Steve Fierros, as we chat with Pili Yarusi about her values, visions, versatility, and how she and her husband have such a great partnership! Pili is the co-founder and operator of Yarusi Holdings LLC with her husband Jason. Yarusi Holdings is a large multifamily investment firm that repositions underperforming properties through operational efficiencies, rebranding, and value-add properties. Aloha, and enjoy the episode now!

Treat Everyone with Aloha!

Aloha is more than just a word that you say when you greet someone or bid farewell. It also means love, respect, kindness, compassion, affection, and so on! With all our problems today, treating everyone with Aloha makes everything better. Regardless if it is in the business industry or not, you need to have more Aloha in your world! Especially since the COVID-19, there have been more sufferings and negativity. Let everything revolve around Aloha and continue building your mindset to have a better approach in life! 

It’s all about Communication and Understanding

Communicating is not always easy, but you have to remember that when you avoid matters that need to be addressed, it only makes things worse! Pili and Jason’s partnership is one the greatest examples of why communication is important. They talk about the good, bad, uncomfortable topics, and in short, everything! In order to make any relationships work and last long-term, you need to have that transparency and understanding. Every kind of relationship is built on communication, and most partnerships don’t work because they lack in this aspect. Learn to become comfortable talking about issues and start trusting your partners. 

About Pili Yarusi:

Pilialoha Yarusi is an awesome mommy who also happens to know a little about real estate and personal development. She has partnered with her equally awesome husband, Jason, and created Yarusi Holdings LLC, a large multifamily investment firm. Currently, they are general partners in about 800 units with 250 under direct asset management. Her FOCUS is on large multifamily syndication and asset management.

She runs the Investor and Client Relations branches of both Yarusi Holdings and Multifamily Formula. Multifamily Formula is Pili and Jason’s interactive education platform for investors to build a strong FOUNDATION with buying large multifamily.

Pili is also the co-host of the Jason and Pili Project. Her goal is to help one person a day take one step closer to a Fit Rich Life.

She loves to play with her kiddos and husband, run, do yoga, and crossfit. She is currently raving about #75hard, and her ultimate goal is to host a Mastermind in Maui…

She and Jason have three awesome children. Luke, Lily, and Leo, and two English Bulldogs, Jack and Jill.

Pili has her NJ Real Estate License and is a Realtor with EXP Realty.

Resources:                 

·        Website 

·        Instagram

·        Email

·        Facebook

·        Youtube

·        The ONE Thing 

·        The Miracle Morning

Connect with Cashflow Project!

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·        LinkedIn

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