This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
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Making short term rental life easier with HostGPO's Jeff Iloulian
38:19Looking to save money on your short-term rental business? Look no further than Host GPO! In this episode, Join Steve as he sits down with CEO Jeff Iloulian to share how he founded HostGPO to help vacation rental operators save money on everything from linens to furniture. Plus, Jeff offers tips for new hosts setting up their properties. Tune in to learn more and discover the benefits of HostGPO. And remember to mark your calendar for the upcoming Hawaii Millionaire Mindset 2.0 conference happening on June 29 through July 1 at Mauna Lani resort in the Big Island! Revolutionizing the Short-Term Rental Industry with Exclusive Deals and Unique Products HostGPO is an international Group Purchasing Organization for the short-term rental industry, providing members with access to the best deals on furniture, supplies, and services from top retailers and vendors. The partnerships have been specially negotiated, resulting in better rates than standard trade discounts. HostGPO also offers unique products only available in large hotel chains. HostGPO was created by CEO Jeff Iloulian, who was motivated to solve his problem while operating a vacation rental company for seven years. The company aggregates similar companies and negotiates discounted bulk pricing from big brands. In addition, HostGPO offers pre-packaged items to make setting up new properties easier for hosts. Panic buying should be avoided to prevent hurting margins. About Jeff Iloulian: Jeff has been in the vacation rental industry for nearly a decade. He has set up, managed, and operated over 250+ vacation rental properties–from cozy cabins in the woods to luxury mansions in Beverly Hills. Additionally, Jeff has successfully grown several businesses and is passionate about interdisciplinary problem-solving in emerging industries. He firmly believes that the further you push outside your comfort zone, the more significant that area becomes. With a background in Economics and Philosophy from Columbia University and a JD from UCLA School of law, Jeff spent three years as a lawyer practicing Business Litigation, Intellectual Property, and Cybersecurity before becoming an entrepreneur. In his free time, Jeff enjoys playing music, eating tacos, and traveling. Outline of the episode: 1:08 How HostGPO is Revolutionizing the Short Term Rental Industry 4:06 Saving Money on Furnishing Your Property with High-Quality Items 7:00 The Importance of Quality in Short-Term Rental Listings 12:22 How Investing in Quality Can Make a Big Impact 15:17 Why a Small Inventory Closet is Essential for Short Term Rentals 19:54 The Convenience of Using HostGPO 24:52 Navigating Business Success with an Open Mindset 28:48 Exploring the Benefits of Meditation 34:21 Streamlining Short-Term Rental Operations with Group Purchasing Organization (GPO) Connect with Jeff Iloulian: LinkedIn: https://www.linkedin.com/in/jeff-iloulian-bb0b6829/ Facebook: https://www.facebook.com/hostgpo/ To Log In, visit: https://members.hostgpo.com/accounts/login/ Connect with The Cashflow Project! • Website • LinkedIn • Youtube • Facebook • Instagram The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/
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Holistic Wealth with Terrie Schauer
29:58Get ready for an insightful episode of The Cash Flow Project Podcast as Steve sits down with real estate investing expert Terrie Schauer, CEO & founder of MRG Management. With over 20 years of experience in real estate investing and property management, Schauer is a leading authority applying mindfulness principles to real estate investing. In this episode, the hosts discuss the ins and outs of real estate investing, particularly in multi-family properties, to increase cash flow. Schauer shares her journey into real estate investing and provides valuable insights on prioritizing and scaling investments, the importance of time and taking care of properties, and the need for lifestyle adjustments to achieve financial independence. Listen to Schauer's thoughts on achieving holistic wealth and balancing financial freedom with personal relationships and well-being. Take advantage of this episode of The Cash Flow Project Podcast! About Terrie Schauer: Terrie Schauer is a powerhouse in the real estate industry, with over 20 years of experience as a successful investor and property manager. As the CEO and founder of MRG Management, a property management and real estate consulting group based in Montreal, Canada, Terrie is a leading authority on applying mindfulness principles to real estate investing. She has written the #1 bestselling book on Mindful Landlord, available on Amazon. Terrie also hosts The Real Estate Investor's Club Podcast, a must-listen for fellow and aspiring investors who want to build their portfolios for profit and peace of mind. With a Ph.D. in Communications and a Master's degree from Oxford University, Terrie brings a unique perspective to real estate investing. And in addition to her impressive academic background, she is a three-time world champion in Brazilian Jiu-Jitsu. Outline of the episode: 01 A Path to Increase Your Cash Flow 1:08 Residential to Multi-Res: A Real Estate Investor's Journey to Financial Freedom 4:33 Balancing Property Management and Personal Growth 8:13 Balancing Financial Independence and Personal Life as a Landlord 12:02 Setting Lifestyle Goals in Real Estate Investing 14:56 Advice for Real Estate Investors in a Shifting Market 17:16 Finding Deals in a Challenging Market with Immigrant Growth Driving Rental Demand 20:21 Finding Opportunity in Every Market Cycle 22:33 The Importance of Time and Lifestyle Hits in Real Estate Investing 25:10 Mindful Investing and Property Management Connect with Terrie Schauer: Website: https://terrieschauer.com/ LinkedIn: https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca Facebook: https://www.facebook.com/TerrieSchauerInc/ YouTube: https://www.youtube.com/channel/UCDr1T9haN4CDWXdlwQjz1Dw Instagram: https://www.instagram.com/terrieschauer/ Connect with The Cashflow Project! • Website • LinkedIn • Youtube • Facebook • Instagram The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/
From zero to $100M in AUM in 3 years with Amy Sylvis
33:55Tune in to the Cash Flow Project Podcast and get ready to take some notes! Join Vince as he chats with real estate investment expert Amy Sylvis, founder and principal of Sylvis Capital. With a $96 million portfolio of assets under management, including 750 apartment units and 55+ developments, Amy knows a thing or two about investing in real estate. In this episode, she shares her journey as a passive investor and offers tips on diversifying your portfolio to maximize returns. Find out how Amy and her team are staying active in the market, mitigating risk, and taking advantage of the on-shoring trend. Plus, she shares her superpower and offers advice for working professionals seeking financial freedom. Take advantage of this insightful conversation! From zero to $100M in AUM in 3 years with Amy Sylvis Amy Sylvis, the founder and principal of Silvis Capital, and her $96 million portfolio of commercial real estate properties in the southeast and Midwest of the United States. Amy shares her experience as a passive investor, the challenges of investing in real estate, and the importance of having a strong "why" to succeed as an entrepreneur. This episode also touches on investing in out-of-state properties and the importance of diversifying a portfolio to increase returns. Amy Capital's recent acquisitions of industrial flex space and a 55 and up community are also discussed, highlighting their strategy of diversifying their portfolio and mitigating risks. About Amy Sylvis: Amy Sylvis worked for 13 years in the pharmaceutical and biotech industries, but after reading "Rich Dad Poor Dad," she shifted her career to invest in multi-family real estate. She founded and is the principal of Silvis Capital, which provides affordable housing for working-class families and invests in apartment properties in various states. Amy aims to achieve the five freedoms through her investments, including financial and time freedom. She believes in providing safe and secure housing for residents and giving back to charities that help children in need. She lives in Los Angeles with her husband and enjoys college football, traveling, and volunteering. Outline of the episode: 1:39 The Fastest Growth in Real Estate Investing 4:37 Choosing the Right Market and Treating Tenants Well 8:49 From LP to GP: Making the Jump and Lessons Learned 12:24 Diversification and Conservative Underwriting in Real Estate Investing 16:23 A Look at a 55+ Community and a Triple Net Lease Investment 19:25 Avoiding Mistakes and Growing in Commercial Real Estate Investment 22:33 An Entrepreneur's Journey to Financial Freedom and Giving Back. 26:32 Overcoming Personal Challenges to Achieve Financial Freedom Resources: Website: http://www.sylviscapital.com/ LinkedIn: https://www.linkedin.com/in/amysylvis/ Connect with The Cashflow Project! • Website • LinkedIn • Youtube • Facebook • Instagram The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/
Turnkey riches with Alexander Cruz
33:10From Assistant to Turnkey Tycoon: Alexander's Real Estate Journey! Join Steve and Alexander Cruz as Alexander shares his experience in the fast-paced world of real estate and how he transformed from an assistant to a turnkey solution provider with over 450 properties under management. Learn about the impact of COVID-19 and interest rates on the real estate market, the importance of building relationships, and Alexander's advice for working professionals seeking financial freedom. Get insights on the Baltimore, Maryland real estate market and discover Alexander's goals for 2023. Take advantage of this opportunity to grow your real estate knowledge! About Alexander Cruz: Alexander (Xander) Cruz is a full-time real estate investor and Turnkey Director for CR of Maryland: a real estate investment company that has grown into one of the largest home renovation companies in the Northeast. With over 2,000 transactions under their belts, CR of Maryland has developed a network of resources and relationships that they use to buy homes inexpensively. They have 350 single-family properties in Baltimore owned and under management, will rehab and sell more than 140 turnkeys in 2020, have done over 400 flips and 400 wholesales in Baltimore. Xander worked from the onset with Craig Reich and Brock Reich in developing CR of Maryland into one of the premier residential Real Estate Companies in Baltimore. Today he is the Turnkey Director, working closely with other Department Managers and directly with clients. Xander and his team ensure that successful relationships are built, top-notch service and high-quality product is delivered, and excellent Property Management is the standard. Outline of the episode: 0:01Introduction to today’s episode. 1:03 From a Criminology Degree to Running a Thriving Turnkey Solution 6:13 Building Reliable Turnkey Rentals in Baltimore 9:09 How the Shift in Interest Rates and COVID Impacted Turnkey Real Estate Investing 12:55 Riding the Real Estate Market Wave 16:54 The Importance of Diversification and Building Relationships 20:58 A Recommended Book for Investors and Entrepreneurs 24:39 The Importance of Taking Action in Real Estate 28:30 Connect with Like-Minded Investors & Learn from the Pros Resources: LinkedIn: https://www.linkedin.com/in/alexander-cruz-0669a653/ Instagram: https://www.instagram.com/crofmarylandhomes/ Website: https://crofmaryland.com/ Connect with The Cashflow Project! • Website • LinkedIn • Youtube • Facebook • Instagram The Hawaii Millionaires Mindset Blueprint Conference: https://www.millionairesmindsetblueprint.com/
Diving in to Real Estate success with the Thompsons
35:19In this episode, Steve is joined by Blake and Jessica Thompson, discussing the real estate journey from rentals to achieving financial freedom. Blake and Jessica shared that as soon as they got married, they knew they had to build their rental portfolio, and it helped that their family was supportive of this decision. When the first rent cheque came in, they started listening to podcasts, reading books, and attending webinars to enhance their skills in real estate investing. They then began with a goal of doubling what they have every year to be financially free eventually. There were challenges, but as they continued their journey, they ultimately met a mentor who helped them achieve more success and started flipping and scaling their real estate business. To learn more about their successful journey, tune in to this episode, and enjoy! Outline of the episode: · [00:01] Intro · [01:32] How they met and got into real estate. · [06:20] Moving from San Francisco to Idaho. · [10:18] The steps that knocked out the projects · [13:42] Bikepacking vs. Real Estate. · [16:57] Challenges for investors in the current market. · [21:19] Mindset is a huge thing · [24:29] Networking groups · [28:39] Fire round About The Thompsons Blake and Jessica Thompson met in the suburbs of San Francisco in their young twenties. With both coming from a construction background, they quickly realized their shared passion in all things real estate and began building a life together in 2018. It didn't take long before they started dreaming of starting a family. In 2020 they moved to Idaho in pursuit of their ideal family environment, where they now aim to help others in tough real estate situations. They aim to create win-win situations while at the same time improving the neighborhoods in which they live. Blake and Jessica love giving back and often look to the community for inspiration. Resources: · Hawaii Millionaires Mindset Blueprint · SPEARPOINT GROUP Connect with The Cashflow Project! ● Website ● LinkedIn ● Youtube ● Facebook ● Instagram
Funding and Earning Passively with Heather Dreves
36:02Are you looking to use real estate as an asset to diversify your investment portfolio but need more time or more funds to get started? In this episode, Steve is joined by Heather Dreves, Director of Funding and Fund Manager at Secured Investment Corp., and they discuss passive investing backed by residential real estate. Heather shares how their company gives investors the ability to passively invest and create generational wealth through real estate and live off of their earnings without touching their investments outside the traditional stock market and the usual real estate grind. She also discusses how they manage the funding through different income streams, interest on debts, origination points, profit from sales of properties, and cash flow from rents. Therefore, if one also wants to join the real estate grind, one can provide funding at a minimum interest rate. If you want to learn more about investing passively or looking for funding, tune in to this episode and enjoy! Outline of the episode: · [01:04] Heather’s investing journey · [06:55] COVID and its impact on the business · [10:09] The kind of assets she invests in · [13:28] Managing portfolio, buying and selling properties · [17:34] What is going on in the real estate market? · [19:12] Vertical integration is key · [24:04] Deals and how it works · [25:49] What’s the ceiling on the assets they are looking for? · [26:50] Fire round · [30:28] Her advice to working professionals working toward financial freedom About Heather Dreves She started with Secured Investment Corp in 2012 as an Investor Relations Manager. She immediately realized that she could bring great value and strength to the Fund Management Team and has been serving as the Director of Funding and a Fund Manager ever since. She has been in the private money space for the past 17+ years and previously held her Series 63 License. She personally raised over $300 million in her time with Secured Investment Corp. Since joining the leadership team, the company has experienced exponential growth. Heather is instrumental in developing relationships with investors and guiding them through private money lending. She holds a seat as a Fund Manager and has led key growth areas, even while the economy continues to experience challenges in specific market segments. Together with other members of the Fund Management Team, she continues to focus on growth and serving clients with the highest level of excellence. Her analytical and creative skills have also been vital to continued record growth. A mother of two sons and an avid outdoor person spending most summer weekends at their lake cabin in Northern Idaho. An avid CrossFit athlete and college soccer player, where she met her husband of 26 years. Her passion is to help clients create wealth and passive cash flow by investing in alternative asset classes. Resources: ● Hawaii Millionaires Mindset Blueprint · Secured Investment Corp Connect with The Cashflow Project! ● Website ● LinkedIn ● Youtube ● Facebook ● Instagram
Cooking up the best dishes and hottest real estate deals with Chef Joey Chavez!
43:41Join Steve and Chef Joey Chavez as they talk about cooking, real estate, and creative vision. Even while playing football, Joey Chavez knows that he wants to be a chef. To be great at dishes, he knows he needs to be surrounded by the best and maintain it. While on the road to being a great chef, the pandemic happened, which shifted his routine of working more than eight hours daily to nothing. With nothing to do, he spent more time with his family, leading him to appreciate time freedom. As a result, he began spending his time discovering and learning how to live a lifestyle of freedom both in time and in finances. A discovery that led him to real estate investment. Combining his expertise in the cooking department and his skills in real estate investing, he set up and will be setting up unique real estate offerings that are bound to be a hot deal. If you want to learn more about what Chef Joey is cooking in the real estate arena, tune in to this episode, and enjoy! Outline of the episode: · [00:01] Intro · [00:50] How he got started as a chef · [05:11] Growing a family, real estate, and the pandemic · [10:15] Pivoting into a high-rate environment · [11:37] Building things together with your spouse · [13:50] The key difference between an assumption and a sub-2 deal. · [17:44] Off-market deals vs. market deals · [22:34] What’s your Buy box? · [24:32] New projects and diversifying strategies · [28:13] The power of partnerships · [31:14] An event place and other different facets of the real estate market · [35:45] Finding deals and networking [37:15] Fire round About Chef Joey Chavez Chavez, a Los Angeles native, attended Lamar University in Beaumont on a football scholarship. While earning his bachelor’s and culinary degrees there, he worked at a local Pappadeaux’s restaurant. That introduction to the restaurant world led to a job at Koi Sushi Bar in Beaumont, followed by La Truffe Sauvage, a French restaurant in Lake Charles. Chavez’s mentors at La Truffe Sauvage encouraged him to seek employment with an international hotel chain which led to a job at Wolfgang Puck’s Spago at the Ritz Carlton in Beaver Creek, Colo., in 2012. Chavez later staged in New York restaurants, including Le Bernardin, Per Se, 11 Madison Park, NoMad, Dovetail, and Masa. That work helped him snag a year-long training program with the Thomas Keller Restaurant Group in 2015; he worked at both The French Laundry and Bouchon. In 2016, Chavez was named chef de cuisine at the Vietnamese bistro OTD from the Slanted Door Group in San Francisco. He later worked at Caribou Club in Aspen and as executive chef at The Bygone at the Four Seasons Baltimore, where in 2019 he was voted Best New Chef from the Baltimore Sun’s Reader’s Choice Awards, and as an executive chef at Brennan’s of Houston. Resources: ● Hawaii Millionaires Mindset Blueprint · Chef Joey Chavez · Hidden Truffle Connect with The Cashflow Project! ● Website ● LinkedIn ● Youtube ● Facebook ● Instagram
Building Wealth through New Construction Multifamily with Dirk Van der Velde
35:56Join Steve and Dirk as they provide great insight into the complexities of multifamily construction and the importance of understanding the risks and rewards that come with it. Whether you're a beginner or a seasoned real estate investor, this episode of Building Wealth through New Construction Multifamily is sure to provide valuable information. There's a lot to unpack, so tune in to learn more and get the guidance you need to succeed in your investing journey! Navigating the Real Estate Market in Times of Recession Dirk van der Velde is a real estate investor who focuses on granite construction and currently has over 110 units under construction. He started his journey in real estate investing when he had his first son and decided to start his own business. He put out the feelers to find an off-market deal, resulting in a 3.5-acre piece of land to build 84 units. He had to account for the changing market and supply chain issues but was lucky enough to save money on the lumber package due to the decrease in prices. He leveraged the upcoming recession to get high prices from his subs and is now on track to hit his budget and project timeline. In this episode, Dirk discusses the current state of the economy and the impact that it is having on real estate development and investment. He notes that recessionary fears have caused people to fear making investments, but the macroeconomic picture is actually quite good. He also mentions how they were able to lock in a long-term loan at a lower rate due to their relationship with a local bank and how they have hedged against the potential for rising interest rates by underwriting the project conservatively. Finally, he discusses how the US is becoming a nation of renters and how investments in multifamily housing are a great way to reduce risk and build wealth over the long term. About Dirk van der Velde: Dirk van der Velde, Founder of Momentasize Construction, has grown up in the Construction and Development industry. He has extensive experience in overseeing both vertical construction and residential infrastructure projects. In addition, Dirk has been involved in constructing and developing two of the most iconic master-planned communities in Oregon. He is obsessed with taking an idea, making it financially feasible, and bringing it to life through the built environment. Outline of the episode: 0:00 Introduction to today’s show. 1:34 From Struggling Employee to Successful Entrepreneur 4:22 The Real Estate Journey 9:16 Leveraging Economies of Scale to Mitigate Risk in Real Estate Development 12:43 Navigating Uncertainty 17:38 How Multifamily Provides a Need for the Market 20:17 How to Build Generational Wealth with Commercial Real Estate 22:19 What Opportunities Will Emerge from the Economic Pain? 28:17 Think and Grow Rich by Napoleon Hill 30:53 The Working Professional's Guide to Achieving Financial Freedom Resources: Website: https://www.youtube.com/@momentasizeconstruction525 LinkedIn: https://www.linkedin.com/in/dirk-van-der-velde-5a12411a6/ https://www.millionairesmindsetblueprint.com/ Connect with The Cashflow Project! • Website • LinkedIn • Youtube • Facebook • Instagram
Achieving Massive success by saying, "YES!" with Dr. Elaine Stageberg
53:12Join Steve and Elaine Stageberg, CEO of Black Swan Real Estate, as she shares her story of morphing from opposition to taking action and gaining massive success. Elaine shares her reluctance to the idea of having her home rented out, believing that doing real estate investing is a risky decision. But that one bold yes of trying it for a year turned out to be a success as they were getting cash flow from the property when she left her job to pursue medicine. From there, they invested purposefully, saved up all the money they could, and did a cash-out refinance; fast forward to today, having a $330 million asset management. She shares that the secret to success is stellar communication, finding mentors, and a yes lifestyle. If you want to learn more about how Dr. Elaine scaled their business, tune in to this episode and enjoy! Outline of the episode: · [00:01] Intro · [01:29] How she got started in real estate · [05:16] How they’ve been able to do so much in such a short time. · [07:48] Vertical integration · [11:37] Building things together with your spouse · [16:58] The importance of having a shared goal. · [22:02] Don’t try to time the market · [25:31] The importance of having a long-term view of the future. · [30:12] How to harvest equity over and over with cash-out refinance · [35:18] Finding win-win opportunities · [39:05] Fire round About Elaine Stageberg One of entrepreneurship's premier presenter, investment leader, and real estate expert, Dr Elaine Stageberg is a psychiatrist, mother of four, and mentor to physicians from all walks of life. Elaine’s own journey to financial and lifestyle freedom has been nourished by an unwavering passion for empowering families. She believes that real estate investing can—and should—create good for not only investors, but also for the communities of people who live in these investment properties. Elaine’s gift for seeing infinite opportunities for win-win scenarios has blazed a trail for innovation in property management, private equity funds, and ethical real estate development. Today, she works with working professionals in a growth mindset to guide them through the complex knowledge domain of real estate investing and inspire them to embrace the practicality and mindset needed to take action. Elaine shows her audiences how to turn paychecks into prosperity so that they can live a full life and launch their legacy. Dr Elaine Stageberg is co-CEO with her husband Nick at Black Swan Living, actively managing more than $200M in long-term residential real estate, ranging from single family homes to large multifamily communities, and Black Swan Real Estate, which recently launched Fund I, raising over $14M in a single day. Her flagship course Single Family at Scale* shows you how to build a portfolio, and shares best practices and lessons learned in personally growing $45mil+ in ten years. 100% of the pay-what-you-can model supports charitable causes through The Stageberg Foundation. Resources: ● Hawaii Millionaires Mindset Blueprint · Elaine Stageberg Connect with The Cashflow Project! ● Website ● LinkedIn ● Youtube ● Facebook ● Instagram