The Cashflow Project

Welcome to The Cashflow Project. Today, we have DJ McClure from National Flood Experts discussing flood zones and insurance in real estate investing. DJ offers unique insights on due diligence and the financial implications of flood zone designations.

In this episode, DJ shares hidden opportunities that can save you thousands on flood insurance premiums. He reveals essential contacts, tools, and success stories, including removing the need for flood insurance entirely. Discover early action strategies, available resources for property owners, and the fascinating intersection of engineering, insurance, and real estate. Tune in to optimize your portfolio and enhance cash flow with DJ McClure's expertise.

[00:00] Excited to work together on real estate.

[03:07] Impact of cap rates on property valuations.

[07:44] Understanding flood zones and flood insurance requirements.

[11:01] Projects in 46 states, thousands of properties.

[15:37] Significant cash out refinance, major cost savings.

[18:42] Upfront cost, objective field work, successful outcomes.

[20:20] Clients without flood policies need our team.

[25:40] Regularly review deals to build network effectively.

[28:48] Check out flood insurance coverage across 46 states.

[29:46] Connect with us on social media platforms.

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Welcome to another episode of The Cashflow Project! Today, we're delving into the world of entrepreneurship and real estate with the incredible Jason Yarusi. With a portfolio of over 2300 apartment units valued at $245 million, Jason is not only a real estate powerhouse but also a thought leader in personal development through his Live 100 project. Join us as we explore Jason's journey from New Jersey to his success in multifamily real estate, touching on the intricacies of work-life balance, especially when your business partner is your spouse. Jason shares valuable insights into sustainable business planning, adaptability, debt management, and navigating commercial debt in a high-rate environment.

Discover the influence of Jason's father's entrepreneurial spirit, the power of persistence, and the importance of taking action to achieve financial freedom. We'll also discuss intentional consumption of information and media and how it shapes our thoughts and future. If you're eager to learn more, Jason will provide ways to connect and explore his new podcast for additional insights. Get ready for a thought-provoking discussion that could reshape your views on money, life, and success on The Cashflow Project!

00:00 Started various businesses, transitioned to real estate.

05:27 Focus on one market to become successful.

07:45 Learning discipline, hard work leads to success.

09:44 Reflect on failures to succeed in future.

15:45 We have what we need to progress.

17:08 Intentionally replacing bad habits leads to better life.

22:48 "Know what you need for financial freedom."

24:47 Entrepreneurial experience shared, learn from mistakes.

26:44 Emphasizing the importance of being great parents.

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Welcome to another captivating episode of The Cashflow Project, where we delve into the intricate world of real estate investment with the seasoned Ken Gee. With over two decades of experience in real estate, banking, and private equity, Ken shares insights from his journey – from a commercial lender to a full-time real estate investor. Unveiling his early successes, including a remarkable half-million-dollar profit from three multifamily deals in just two years, Ken is more than an investor; he's a strategic thinker who understands the market's nuances.

In this episode, Ken and I explore the pivotal importance of having a driving force that propels one towards success. We discuss the disciplined approach to real estate that not only leads to lucrative returns but also fosters longevity in the industry. From navigating current market challenges, such as Florida's insurance costs, to maintaining disciplined underwriting amidst economic pressures, Ken offers valuable insights suitable for both seasoned investors and newcomers to the field. Join us on this educational journey with Ken Gee and let's expand our investment horizons together on The Cashflow Project. 🚀

00:00 Podcast discusses investing in multifamily real estate.

03:14 Overcame challenges, made fortune in real estate.

08:26 Summarize the text using 7 words: Understanding numbers and underwriting in finance.

11:02 Profit from rent increases, cash flow crucial.

14:20 Find, run, improve properties, understand perspective, budget.

19:09 Developers focus on ultra luxury for profit.

20:07 Create value through property renovation, drive income.

24:55 Real estate fundamentals remain despite media hype.

28:25 Strive for risk-averse assets in investments.

32:47 Struggling to find decent tenants, Karen suggests improvements.

34:00 Earn money, but don't quit your primary job.

37:02 Importance of proper commercial real estate underwriting.

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Welcome to a brand-new episode of The Cashflow Project. Today, we are rejoined by the wildly successful Nic DeAngelo, CEO and founder of Saint Investment Group. Nic, who began his journey in the banking industry, eventually ventured into the captivating world of real estate, where he realized his true calling. From growing up in a family with a deep-rooted work ethic to witnessing the 2008 financial crisis, Nic's journey offers great insights into the role that resilience and sustained vision play in the road to success.

We'll discuss the importance of observing market conditions, the pros and cons of investing in hard assets, and the need to think long-term in real estate investing. With an impressive portfolio and a strategy-driven process, Nic and his team aim to navigate this dynamic landscape with clarity, vigilance, and adaptability.

And it's not complete without some predictions about the future, especially around inflation and the adjustments investors need to make to stay ahead. Nic shares his belief that real estate is a good investment over the next decade, given a landscape of 5-6% interest rates.

Expect some hearty discussion on time horizons in investing, understanding value, and forging profitable, flexible cash flow models. This episode is a wealth of knowledge and insights for both novice and veteran investors looking for strategies to fortify their financial future.

Stay tuned, folks. It's going to be quite a ride!

[00:00] Multigenerational immigrant family with entrepreneurial mindset.

[04:05] Taking hometown opportunities for granted, settling for mediocrity.

[07:25] US banks barely surviving; government pays bills. Global concerns for the finance market. Opportunity post-2008 crisis with low-cost sales.

[10:37] Observing financial activities with inside knowledge.

[14:19] Intense acquisition, investors wanted less involvement.

[18:31] Learn to pivot and solve problems, add value.

[23:02] Serious concern about future market trends.

[24:00] Return to normal: interest rates will rise.

[27:22] Real estate: think local, don't panic.

[31:30] Start early, think long term, avoid risks.

[36:45] Honoring family, appreciating sacrifice, being observant.

[38:32] Powerful to acknowledge limitations; seek expertise. Value investors, long-term vision.

[40:58] Monthly meetup in Honolulu, multifamily focus. Find us on Meetup.com

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Welcome back to The Cashflow Project. Today, we have a special guest with an incredibly inspiring journey in the world of real estate. Known as the Fit Investor, Cale Delaney turned an initial $300k investment into a $6 million real estate portfolio in less than two years! Starting out as a commercial broker, Cale transitioned to residential properties, focusing on short-term rentals in the Smoky Mountains and South Florida. With unconventional strategies and a fearless approach to real estate investing, Cale is here to share his journey, strategies, and wisdom.

In this episode, we will deep dive into how he built his portfolio, his decisive steps with properties, and the lessons he's learned along the way. Not only will there be insights into the current state of the real estate market, we'll also discuss Cale's new podcast, "The Fit Investor", which encourages a more balanced lifestyle for entrepreneurs.

Whether you've been investing in real estate for years, or you're just starting out, there's something to learn from Cale's journey. Tune in to hear his unique approach to achieving financial freedom with short-term rentals. Stay tuned until the end for Cale's tips for anyone wanting to embark on a similar journey. Let's venture into this cash flow journey with Cale Delaney.

[02:59] 2008 crisis led to construction management career.

[05:01] Long-term rentals not working, discovered short-term rentals.

[09:15] Booming market propelled income, equity, purchases, growth.

[13:04] Take a leap of faith, learn and move on.

[15:27] Taking the first step despite fear.

[17:45] First year in real estate, learning and adjusting.

[20:26] Normalizing, strong revenue growth, flat year, successful.

[25:56] Podcast created to discuss faith and success.

[30:08] Value relationships; get outside your comfort zone.

[34:55] Share, review, tickets for Hawaii conference.

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Welcome to another episode of The Cashflow Project. Today we have a very special guest, an entrepreneur and real estate aficionado, Jim Lee. Born and raised in Taiwan, Jim migrated to the US and began his career at LoopNet, sparking his interest in real estate. His journey is a testament to persistence and determination, as he's successfully scaled to owning 600 units in just two years. Today, we'll delve into the mind of this real estate magnate, discussing everything from the inspiration he drew from Netflix's workplace culture, to the importance of transparency with investors during tumultuous times. We'll also discuss his strategies for increasing revenue, like innovatively charging for amenities. So sit back, tune in, and get ready to navigate the world of real estate with Jim Lee.

02:58 Jobless period helped develop valuable skills. Confidence in business knowledge is key.

04:17 Sales role after college, introverted, successful. Reflecting on past mindset and cultural expectations.

07:59 Struggled to syndicate first real estate deal, educated.

10:51 Networking: Growth requires leaving comfort zones.

13:43 Real estate investment brings substantial financial gains.

17:20 General partner advises transparency, avoid panic. Previous loss due to dishonesty and lack of communication. Current strategy is to inform investors and provide updates.

20:06 "Cut through, improve, opportunities arise, kudos, awesome market"

24:14 Busy professionals can achieve financial freedom through side hustles.

26:54 Persistence leads to eventual success in career.

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Welcome to another episode of The Cashflow Project! Today, we're joined by Scott Smith, founding attorney at Royal Legal Solutions, with expertise in protecting real estate assets and creating wealth. Scott shares his journey from auto repair to asset protection, emphasizing the significance of LLC structures and estate planning. Steve and Scott explore seizing opportunities, networking, and continuous learning, offering valuable resources and book recommendations like "Living Untethered" by Michael Singer. They conclude with a call to action, encouraging listeners to propel their financial lives forward and engage with upcoming events. Get ready for financial insights on The Cashflow Project with Scott Smith!

[00:02:11] Climbing mountains led to financial concern.

[00:05:25] Solid investments provide tax benefits; it takes 5 years.

[00:07:19] Ambition to learn is key for mentorship.

[00:12:05] Always invest to offset taxes, like a game.

[00:13:59] Investing broadened expertise; delegated tasks, prioritized enjoyment.

[00:18:29] Be excited for the next 5-10 years.

[00:19:47] Waitress questions the man about his success.

[00:25:16] Free video training on wealth building strategies.

[00:27:15] Great conversation with Scott from Royal Legal Solutions.

[00:29:25] Closing insights

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Welcome back to another episode of The Cashflow Project! In today's episode, our host, Steve Fierros, sits down with Jack Miller. As someone who has witnessed the dynamic changes in the field over the past two decades, Jack shares his insights on navigating the challenges brought about by these transformations. From the evolution of marketing and technology tools to the importance of thinking generationally, Jack provides fascinating perspectives on setting up the next generation for success. He also dives into the strategies employed by his company, Gelt Financial, offering various financing solutions to real estate investors and business owners. Join us as we explore the impact of changes in the industry, the role of human psychology in financial situations, and the importance of addressing problems before it's too late. So grab a cup of coffee, sit back, and let's dive right into the world of cashflow with Jack Miller! Welcome to The Cashflow Project.

[00:02:26] Rapid changes in real estate over time.

[00:05:10] Challenges and offerings in wide-ranging lending products.

[00:06:32] Creative, entrepreneurial company providing various types of capital.

[00:11:57] Financial situations depend on human psychology.

[00:13:19] Time-sensitive deals causing panic, we can help.

[00:16:43] Leverage, blanket loans, short-term and long-term deals.

[00:22:04] Most people are stuck in their minds.

[00:23:28] Started company when son born in 1989. Future-focused approach.

[00:26:37] Reading shapes my belief in emulating success.

[00:32:12] Insightful interview with lending expert Jack Miller.

[00:32:46] "Lots of great insight. Need lending help? Reach out to Gelt Financial for options. Subscribe, recommend, leave a 5-star review."

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Welcome to The Cashflow Project! Today, we have Joseph Viery, a tax expert and entrepreneur, on the show. Joseph shares his insights into cost segregation, a powerful tax strategy that allows investors to accelerate depreciation and increase their deductions. He also reflects on his journey and the challenges that come with success. So, whether you're an experienced investor or just starting out, this episode is packed with valuable information to help you navigate the world of real estate and optimize your cash flow.

We appreciate your support and encourage you to leave us a five-star review. Your feedback helps us bring in more guests who provide incredible value to our community.

Thanks for listening!

00:01:14 Cost segregation, industry changes, and tax guidance.

00:05:26 Real estate cycle brings challenges and opportunities.

00:07:42 Tax savings benefit takes a few years.

00:09:37 Depreciation: property value divided by certain years.

00:16:11 1031 exchange freezes property value for eternity.

00:18:33 Potential future benefit - if earnings allow.

00:21:53 Depreciation recapture is 25%; hold property for 1.5-2 years.

00:24:26 Powerful tax strategy for active investors.

00:29:38 Mindset is key to financial success.

00:32:17 Cost segregation allows you to carry losses forward.

00:33:37 Please review and share our show for value.

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Welcome back to another episode of The Cashflow Project! In today's installment, we have a very special guest, Vessi Kapoulian. Vessi is an expert in real estate investing, particularly in the underwriting aspect of the business. Join us as Vessi shares their personal journey of stepping out of their comfort zone, taking calculated risks, and achieving financial success through real estate. They will dive into the importance of evaluating deals and partnerships, the lessons learned from their own investment experiences, and the steps they took to build a thriving real estate portfolio. Get ready to be inspired and motivated as Vessi Kapoulian shares their insights on real estate investing and the path to financial freedom. Let's jump right in!

[00:01:33] Growing up in Bulgaria during the Cold War, real estate was seen as a symbol of success and investment for future generations.

[00:05:13] Immigrants seize opportunities, unlike those born here.

[00:08:01] Self-education led to finding homes out-of-state.

[00:11:59] Stepping out of comfort zone for growth.

[00:13:04] Wanted to buy duplex but faced obstacles.

[00:18:53] Economies of scale, combining spaces, lending experience.

[00:23:10] Regret not starting real estate sooner. Enlighten others about its benefits.

[00:24:26] Value added solutions for creating passive income.

[00:28:09] Safeguards for weaker players in uncertain space.

[00:31:00] Professionally underwriting deals and evaluating partners.

[00:36:11] "Connect with successful people for guidance"

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Website: DBA Capital Group

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