Cash Flow Guys Podcast

Today we are going to talk about a topic near and dear to my heart. It's the topic that allows me to buy cash flowing real estate with my friends, raising private capital. Now, this is a series. This is going to be a multi part series that I'm going to do over a couple different episodes. Enjoy!

If you have been even remotely paying attention, the current real estate market is white hot just about everywhere.  This is the time when many people fold and lay their cards on the table.  Deals were plentiful just a few months ago right?  Now? Crickets… Are you trying like heck to buy something? Anything? Just to get a deal?  Are your offers getting outbid, or worse, refused all together?  Have the realtors and wholesalers become impossible to deal with?  Crazy demands, asking you to waive inspections and contract contingencies and then asking you to sign contracts that only favor the seller and not you? STOP! Breathe. You lived a long time without that investment property you are about to overpay for.  It is times like these I must remind you of why you are investing in the first place..and that is to build wealth.  You simply cannot compete against the undereducated or emotional investors and ever plan to get ahead.  The old timers have always said, and this is very true even still today..you make your m

Kevin Bupp is the host of The Mobile Home Park Investing Podcast AND Real Estate Investing for Cashflow Podcast and lives in my market right here in Clearwater Florida. In the last few years this niche of the investing world has gotten wildly popular, Kevin discusses in great detail why investors are scrambling to jump on board this lucrative strategy. Risk is something that many investors consider when choosing an investment strategy, Kevin explains how the park owner has an extra layer of control over the tenancy situation.  Using leverage does not just apply to financing, it also applies to situational awareness. In a normal eviction at an apartment, it is “easy” for the tenant to move.  In the mobile home park space, extra layers of complexity are present since you just can’t pack up the entire home and move in the middle of the night, more often than not the tenant of the space, owns the mobile home on the space.  Imagine the challenges this presents to the tenant, and also imagine how this can help moti

Your favorite guest is back on the show this week, Paige Panzarello my esteemed partner in the note buying business is joining us again today to discuss some of the common questions that investors have regarding notes. We will be releasing a mini course on note investing to those who subscribe by texting “notes” to 314-665-1767 The note investing mini course will be delivered in multiple parts stretched over several weeks sent about once a week.  Be sure to register using the info above to take advantage of this opportunity. Although we receive many questions, we sorted through them to bring answers to the 6 most commonly asked questions we hear from our investors.  In the past we would list those answers right here also, however because we want you to hear the content we provide, we will refrain from typing it out here. The questions we are covering are as follows: What is the market crashes, will I lose my investment or any part of it? What if we buy a note and the property is trashed inside?  What steps do

Today we meet CPA Craig Cody of Craig Cody and Company from Manhasset, NY.  Craig is a retired NYPD Police Officer turned tax professional.  Craig is a certified tax coach which means that he takes the time to educate himself to a higher level and surrounds himself with other taxation experts to discuss tax savings strategies. As we continue the discussion, Craig talks about tax planning and the importance of taking the time to build out a plan that will help you save money all year long and for many years down the road.  There is a big difference between tax preparation and tax planning.  For example, good tax planning offers a 400-500% return on investment for many taxpayers. In addition to being a tax planning expert, Craig is the author of “Secrets of a Tax Free Life” and also his book “10 Biggest Tax Mistakes That Cost Business Owners Thousands”  To obtain a FREE COPY of the 10 mistakes book, visit http://www.craigcodyandcompany.com/tyler/ to register and receive a copy in the mail.

This week we are going to step away from the facts and figures, away from the exit strategies, and away from even talking about cashflow.  Today we get the pleasure of spending time with Jonathan Henrich who is the author of the book The Secret For a Happy Life. Jonathan first hit the limelight as a drummer in heavy metal bands many years back.  Even though his talents led him to discover fame, he suffered from depression, social phobia, and self esteem issues.  Instead of letting these afflictions ruin his life, he instead chose to dig deep and learn where these feelings originated. Jonathan then continued to learn through mentors and counselors that there were triggers that set off his feelings.  Many of these triggers were born from belief systems lodged in his unconscious thought.  By learning what trigger certain belief systems within himself, he was able to pull himself out of depression and took action to better his life. I met Jonathan at Peter Fortunato’s famous “Paper Course” by sitting next to him.

This week we have The “Cash Flow Ninja” himself on the show. M.C. Laubscher is a wealth strategist, educator, and financial freedom fighter.  He is the founder and president of Valhalla Wealth Financial and host of the popular business and investing podcast, Cashflow Ninja. His mission is to help as many people as possible eliminate the control banks and financial institutions have over their lives by building their wealth in a variety of ways outside of Wall Street. MC talks about how he got started in real estate and how he realized that sales was an important skillset that he must learn in order to accomplish his goals.  Sales does not have to be sleazy, instead you must believe in the product you are offering and that product must fill a need in the marketplace. In this episode he covers how investors can squeeze additional profits out of each investment dollar earned which is certainly worth hearing.      

This week on the Cash Flow Guys Podcast, Tyler talks with Mark Walker, fellow apartment investor who specializes in the Colorado and Dallas, TX markets. Like Tyler, Mark transitioned from the single family side of things into small multi family and then apartment buildings.  Mark escaped the rat race a few years ago as an apartment investor and never looked back.  Today, Mark is the Founder of Luxmana Investments out of Colorado.  Mark discusses how he is able to quickly build equity in his properties by intentionally raising the NOI (or net operating income) of his properties by other creative ways in addition to simply raising the rent.  Mark tells us how he has used low flow toilets, and upgraded plumbing fixtures to save a ton of money on his water bills every year while providing many extra amenities that his tenants love. By understanding the needs of his tenants, he is able to offer improvements that yield him the biggest bang for his buck.  Mark also discusses other great tips on how to improve a prop

Join me this week as I interview Don Costa, a veteran rehabber out of California on this episode of the Cash Flow Guys Podcast.  Don is the host of the Flip Talk podcast which is quickly rising the ranks to be a home run show that is enjoyed by many.  Don discusses how he built his house flipping business and how systems play a huge roll in his business success. Systems can mean the difference between success or epic failure.  A great book for investors to read about building systems is the eMyth written by Michael Gerber.  Although the original writing is exceptional, he has released a version specifically tailored to real estate investors that EVERY investor should add to their library.  I recently listened to the audiobook version of the book. Listen in as Don shares with us many of the ninja tricks he has used to build his business over the years.  Don takes the time to share with us what separates him from the herd as an industry leader in the fix and flip arena. Don is also part of the mentoring group I

Negotiating, is simply one of the most important skills and investor can learn and master, however, most do not.  Instead, they spend hundreds of hours, and thousands of dollars looking for that magic pill, or that secret thing to say to make the other party give up and give them what they want. If you find these show notes helpful, perhaps you should register for my list to receive more detailed information on the topics I cover in my show.  You can register HERE Last week, we heard a seller share the details of his property while I listened to him intently.  I did not interrupt him, or attempt to talk over him, I simply listened.  Larry Harbolt says “God gave you two ears and one mouth for a reason” and he could not be more accurate.  We need to listen 70-80% of the time, and when talking only be asking questions and building rapport. Your job is to build a relationship, not fight a battle.  “Arm wrestling” not allowed.  Negotiations will take time to accomplish most of the time, but that’s ok….what’s the b

In this week’s episode, Tyler calls on a For Sale By Owner Duplex to learn more about the situation to determine if creative acquisition was possible. Last week, Tyler heard of this opportunity from a member of the mentoring group he belongs to when a member stated the seller refused to consider any creative alternatives.  In the Craigslist ad, the seller stated a cash sale was the only option.  The Seller also stated a 7% Cap Rate which seems inaccurate based on the listed purchase price of $245,000 and income of $1,690 a month. Listen in as you hear Tyler set the stage for a fact finding conversation where he uses positioning techniques to help the seller feel “in charge” or in control of the conversation.  Many of the tactics Tyler uses are found in the famous book “How to Win Friends and Influence People” by Dale Carnegie. When dealing with a seller or Real Estate agent, you will often find them to be close minded when it comes to creative acquisition. You see, people fear what they don’t understand, and

So I motivated you to buy your first rental property, and now comes the reasons why you cannot buy one.   No Money:  Sell junk you don’t need, sell others stuff they don’t need, get a part time job, find someone with an IRA sitting idle, stop overspending, quit smoking, quit drinking.  No money is a lame excuse, recently in my mentoring club it took the members a matter of MINUTES to list 100 ways to earn $97.00 to join the mentoring club and be held accountable while you learn.  Unlock equity from your other properties (responsibly)  Equity is overrated, focus on income versus expenses.   CashFlowGuys.com/Mentor   No Credit / Bad credit: Contact a reputable credit repair company, do exactly what they tell you to do, when they tell you.  Yes, it will take work and repetition, but in the end it is worth it.  Anyone can clean up their credit if time and discipline are applied to the problem.   No Time to Learn: In a week there are 168 hours, 56 for sleeping, 40 hours to work a job, 35 hours for eating, showerin

January 1st has come and gone….what are you going to do different this year than ever before?   The Past: Why look back?  What good comes from living in the past?  If you Walk, Run, Drive or Fly while looking behind you what is likely to happen?  Do you really learn by your mistakes?  Does that mean you must live in the past? We cannot change what is done, yet we can have total control over the future.   Past Beliefs: Go to school, get a degree: Does this really make sense anymore?  The US Department of Education Stats show that the National Average cost to obtain a year degree at a Public University is $8,000 per year, that’s $32,000 for Bachelors, $64,000 for Masters.  That’s an AVERAGE.  The average cost is DOUBLE at a private university...that’s $128,000 for a Master’s degree. So...you become a Nurse...National average salary of $67,000 per year.  Your take home pay after taxes is around 48k or $4,000 a month.    Deductions: $350 Student Loans $125 Cable / Internet $100 Phone $350 Car Payment $400 Food $1

This week on the CashFlowGuys Podcast Tyler Sheff answers questions sent in from our listeners.  We appreciate you taking the time to ask questions and love to provide more value to our listeners by answering them on the show in order for everyone listening to benefit from the answers. A bit of housekeeping:  I am happy to announce “Coffee with The CashFlowGuys” is my new live video program available via the Zoom video platform.  I will be hosting this live event on Friday Mornings at 9am eastern time.  You can register for free access at CashFlowGuys.com/Coffee  Many of our listeners have expressed an interest in coaching however have limited funds to hire a coach at this time.  Because of this need; I am now offering access to a mentoring club I am part of which can be accessed at CashFlowGuys.com/Mentor The group is made up of five mentors who can help you stay gain basic skills and practices as well as keep you focused on learning and self improvement.  Additionally, the mentors can help you via daily vid

Transitioning from Earned income to Passive income and from little money to big money This episode is dedicated to Marv McFly who is a member of a private members only real estate education group where I provide mentorship to group of new investors who are learning how to take action in real estate.  Learn more at cashflowguys.com/mentor The group has five mentors that hosts several video calls per week covering a wide variety of topics and provides a low cost educational opportunities to those who cannot fit traditional coaching into their budget.  This group is a great way to get your feet wet in the investing community and is available at a cost of only $97.00 per month.  For more info on that catch my video at cashflowguys.com/mentor Many Real Estate Investors / wholesalers and rehabbers who escape their 9 to 5 often spend themselves right back into the job again which is the topic of this week’s episode of the cash flow guys podcast. Everyone I meet lately seems to want to begin their investing future wi

Before we begin don’t forget to join our Facebook group at CashFlowGuys.com/group which leads directly to site.  Recently we did our first live video Q and A which was a big hit.  We received great feedback from those of you that attended. The beauty of the Zoom video platform we use is that you can still join a call while having your side’s video and audio turned off.  You can literally be a fly on the wall if you want to learn without engagement. People always say they are looking for good deals….but when I ask them what a good deal to them is, they are often unable to answer.  In this episode we will discuss what a good deal may or may not look like to you. Regardless of the investment opportunity, there are usually many factors that determine if a deal is good or bad.  The problem is that many investors (and their Realtors) don’t spend enough time in the discovery of identifying what a good deal means to them (or their client if they are Realtors.) How are we paying for it?  The terms of the deal (for our

“Shiny object” is a phrase that at one time was simply a humorous reference to someone who was not paying attention.  Over the years it has grown into a big problem for many people, both children and adults. Lack of productivity has also been a curse in the lives of many until that one day the One Thing became a book and then a culture. In this episode of the Cash Flow Guys Podcast, Tyler is lucky enough to have the chance to speak directly to Jay Papasan the co author of this incredible book, known as the One Thing. This interview will prove to be a game changer for many, as I assure you it has been for our host.  Listening to Jay discuss how to overcome life’s challenges is a treat that all will enjoy. As a bonus offer to our listeners, you can receive a transcription of this episode which includes tips and ideas that were not originally included in the book when it went to print.   Jay’s Bio: Jay Papasan is a bestselling author that serves as vice president and executive editor at Keller Williams Realty In

In this episode we welcome Jimmy Fallon and Bob Scott; they are the owners of Joint Ops Properties out of St. Louis and they are investors that specialize in lease option strategies of single-family homes. Bob and Jimmy are veterans of the US Armed Forces which is where they learned to lead themselves to success in the private sector.  Having a military mindset prepares them to work effectively with in teams in a management capacity. It's that military background that automatically thrusts them into the position of being natural leaders in the marketplace. When they started their business they discovered a need in the marketplace for clean, safe, affordable housing that was easily financeable by those with credit challenges.  They discovered for a majority of Americans; home ownership is nearly impossible which is what inspired them to focus their energy on the strategy of lease options. Typically they will buy a home and do the necessary renovations to make it financeable, clean and safe.  At that time, they

Today we are talking with Tiffanie Kellog who is the author of the book 4½ Networking Mistakes Over the past decade, Tiffanie Kellog has helped thousands of entrepreneurs make more money while saving time so they can have more fun by creating referrals for life. Tiffanie is in demand as a professional keynote speaker, coach and trainer with the Referral Institute, and is co-owner of a business with her husband Rob. I met her at a local networking event put on annually by the Tampa Bay Business Owners (TBBO).  Before we go any further, I want to invite any of my listeners that are considering an investing business to join me at Podfest 2017 Multimedia Expo.  Podfest is the annual event that convinced me to start the CashFlowGuys podcast and has introduced me to many notable people that have changed my life in many ways.  No matter if you want to start a youtube channel, podcast or any other digital type blog this event will certainly help you launch and provide you with solid information to take the next steps

John Carney is a third generation property investor and developer.  He has invested in the US, Australia, and Indonesia A published author and sought-after international keynote speaker, John’s attractive presentation, and book, Real Estate is a Team Sport. The Nine Players You Need to Profit, outlines the steps to become a smarter, more successful property investor. Born in Cleveland, Ohio, yet moved to Melbourne with his Australian wife in 2009 following the aftermath of The Global Financial Crisis. Although John was working in real estate while being enticed by top tier international commercial real estate firms, he decided to start his own business with local Australian partners and his US-based real estate network. America Property Source was born in 2010 and continues to flourish and evolve today. In this episode, we learned that America Property Source was built as a turnkey provider that allows the overseas investor to “pick from the menu” of real estate service providers.  Due to soaring property pri