Posts Tagged ‘cashflow’

BTM 70: Buy, Fix and Flip Your Way To Financial Freedom with Javier Hinojo

Javier Hinojo is the owner of IQ REI, a family-controlled real estate company that buys, manages, repairs, and sells homes in the Raleigh, Durham, and Chapel Hill, NC area. He has extensive experience working with foreclosed properties, land development, lease options, and land contracts. Javier offers the kind of business that prides itself on having a quick response rate, professional experience, and simplified solutions that make clients’ lives easier. Javier has been married for 19 years and have 5 children with 3 still living at home. He has always been an entrepreneur (owning a few businesses, been bankrupt twice, day trader Forex, and more). Javier started investing two years ago and completed over 28 fix and flips and is on track do to over 50 by next summer. He is looking forward to investing into rentals, multi-family, and development deals in the near future.

 

Today, Javier talks to us about his journey from joining the military to becoming an real estate entrepreneur. Growing up, Javier always had an entrepreneurial spirit as a child seeing his parents run a locksmith business. He shares his story of attending a weekend seminar with a friend which opened his eyes to the possibilities in real estate. He realized that the buy, fix and flip business model was the best way to get started (the market was great, quick cash, also knew that fix and flip is still a job and doesn’t provide not residual income). He believes that the longer you go without doing your first deal, the closer you get to never doing one. You’ll hear about the lessons learned and experience using a hard money lender to finance Javier’s first deal. He also shares why investing in a coach is never a waste of money when getting started. Lastly, we wrap up the episode with a funny story about the “Wear Pants No Hands” video when Javier was looking to expand his team and why it’s importance to work with people who can think outside the box.

 

Key Points From This Episode:

  • How Javier incorporated his family into his fix and flip real estate business
  • The story of how Javier got interested in real estate by attending a weekend seminar
  • The concept of fixing and flipping and how the process works in real estate
  • Breakdown of what a wholesaler is, the benefits and how you can get started doing this today
  • The story of how Javier got into his first deal with little to no money and made $17K profit
  • Why you must have the right mindset when deciding to become a real estate investor
  • Hard Money Lender Financing: how to analyze and the process of getting a lender for your deals
  • What deed-to-deed is when doing fix and flip deals in real estate
  • Story of how Javier learned about the importance of cash flow and the story of his lowest point of his life (house payment was due, no money in the bank, and asking his kids for their Christmas money to help pay the bills) and what he did next to change his life for the better
  • Why investing in mentorship and coaching is never a waste of money
  • How taxes work in fix and flip deals and why you have to be creative with your money as an entrepreneur
  • Javier shares his story of showing the “Wear Pants No Hands” video to find the right team members

 

Links Mentioned in Today’s Episode

Javier’s Website: http://www.iqrei.com/

Wear Pants No Hands Video

Download any 2 audio books for free when you try audible for 30 days.: https://beforethemillions.com/book  

Javier’s Favorite Lifestyle Design App: Trello: Keeps track of everything, from the big picture to the minute details. https://trello.com/

 

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BTM 41: Is Your Primary Home An Asset or Liability with Apartment Investor Joseph Gozlan

Is your home an asset or liability? Find out on today’s show.

We had the pleasure of interviewing multifamily investment specialist, Joseph Gozlan. In our conversation, we learn more about multifamily properties, the pitfalls of single family investing, and how individuals can participate in multifamily investments with their retirement dollars.

Joseph, the founder of EBG Acquisitions. Leading group acquisitions of over $10MM in real estate and providing asset management services to a portfolio of 156 units and growing. Joseph has over 17 years of experience in the software industry, 12 of which working for publicly traded companies such as GameStop and JCPenney which enhanced his business acumen, analytical skills and “big picture” perspective, all skills that he leverages in his real estate business.

We spend a good amount of our conversation explaining how and why you may want to view your primary home in a different light..

You don’t want to miss this one!

 

Links mentioned in the show:

EBG Acquisitions

The One Thing

Profit First
2 Free Books Today on Audible
One on One Coaching with Daray

 

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BTM 39: The Ultimate Guide To Land Investing with Mark Podolsky

Today’s guest, Mark Podolsky, has been buying and selling raw land full time since 2001. After starting with only $3,000, gust-wrenching fear, and absolutely no real estate experience, he bought a few parcels of land and the hit the ground running.

Today Mark is the owner of Frontier Properties, a very reputable and successful land investing company. By focusing on working smart,not hard, he has completed over 5,000 land deals with an average ROI of over 300% on cash flips, and over 1,000 on the deals he sells with financing terms.

Escaping solo-economic dependency changes Mark’s life in so many positive ways that he decided to teach and coach so on today’s show he does just that for our audience. You don’t want to miss this one!

 

Links mentioned in the show:

www.AgentPro247.com

www.TheLandGeek.com

Rich Dad Poor Dad

Workflowy

MyFitnessPal

ThinkUp

Daily Audio Bible

 

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BTM 31: 6 Reasons Why You Should Purchase Your 1st Investment Property in 2018

For those of you who feel unfulfilled by your job, wish you had more time to pursue your interests, and had more financial freedom, investing in real estate can be your ticket to that lifestyle…

On this episode of Before the Millions Podcast, I’ve elaborated on the Top 6 Reasons Why You Should Purchase Your First Property in 2018. I know that a lot of you have questions and concerns about your investment strategy and if Real Estate is as good as we claim – In this episode I will cover it all in detail!

 

Top 6 Reasons:

  • Power of Leverage
  • Tenants are Footing the Bill
  • Monthly Excessive Cashflow
  • Appreciation and Forced Appreciation
  • The Business of Investment Property
  • Everyone Will Always Need Somewhere to Live

Links

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BTM 30: Unlocking Success through Financial Freedom with Tyler Sheff

Today we welcome Tyler Sheff to the show. Tyler is the CEO of Cashflowguys.com, a company which aims to educate their clientele in investing in real estate and building long-term wealth. Tyler is a licensed real estate problem solver, educator, investor and syndicator.

His professional career has included time as a soldier in the US Army Military Police, a Florida Certified Police Officer and Firefighter, a Contractor, a Repair Technician, and a Boat Captain. Truly a varied career that has helped pave the way for his success today. In today’s episode, Tyler shares his journey into real estate, why and how he transitioned out of fixing and flipping into investing, and why it was so important for him to make the shift.

 

Key Points From This Episode:

  • How Tyler came upon his path and made the shift towards his career today.
  • The importance of having a good work ethic on your journey towards building wealth.
  • Why there is no good result that comes from accumulating piles of cash.
  • Learning about the advantage of building various streams of income.
  • Understanding why Tyler shifted out of fixing and flipping and into real estate investing.
  • How a crazy tax bill forced Tyler to get a regular 9 to 5 job.
  • Figuring out how to reprogram your mind to create cashflow.
  • The mindset barrier that holds most people back from getting started in real estate.
  • Understanding that money is mindset; leveraging other people’s money.
  • How Cash Flow Guys got started and their purpose.
  • The way Tyler used his first four-plex property to escape the rat-race.
  • Influence and success stories that came out of Tyler’s Podcast since it launched.
  • Tyler’s advice and tips to maximize profitability as a landlord.
  • Understanding why you should always hire-out property management.
  • Why you should always surround yourself with experts, and not go it alone.

 

Tweetables:

 

Links Mentioned in Today’s Episode:

Tyler Sheff — http://tylersheff.com/

Cash Flow Guys — http://www.cashflowguys.com/

Rich Dad, Poor Dad

Audible Trial – www.audibletrial.com/beforethemillions

Equity Happens: Building Lifelong Wealth with Real Estate

Evernote — https://evernote.com/

Stacy Cross, Comfort Killers — http://thecomfortkillers.com/

FinCon — https://finconexpo.com/

Larry Harbolt — http://www.larryharbolt.com/

 

Access The Best Strategies, Tips & Advice!

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

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