We’re broaching quite a different subject for this week’s episode. Today, we’re talking all about vacation rentals—including how to invest in, develop, and manage vacation rental properties—with Alex Jarbo, a former marine turned real estate developer. Alex Jarbo is a former marine, real estate developer, and the Operations & Property Manager at Recession Proof Property Partners, where he handles the identification, procurement, and development of land and vacation rentals. He also has his own YouTube channel called Alex Builds, where he educates people on how to invest in, develop, and manage vacation rentals. On this episode, we talk about some of the most important things that the average investor needs to about vacation rentals, such as valuation, the specific problems of vacation rentals (e.g. cleaning, pest control), finding the right lender, and more. KEY TAKEAWAYS 1. Access is an important factor to consider when choosing the right land to develop. 2. Finding the right investors to work with is the key to investing in vacation rentals. 3. When investing in a place where you don’t live, taking out a second home loan is a great way to finance a vacation rental. LINKS https://www.linkedin.com/in/alex-jarbo-28a940139/ https://www.instagram.com/magicboyjarbo/?hl=en https://www.youtube.com/channel/UCN0sdWw5T6zP7-NG4p8Ry6g Want to invest in my deals? - Click Here to Find out More!

Investing In The U.S.

RG283 - Cashing in On Vacation Rentals – w/ Alex Jarbo

We talk a lot about financial independence on this show. Today, we have Chris Larsen to share more valuable insights into building financial freedom while keeping the important things in life close to your heart. Chris Larsen is the founder and managing partner of Next Level Income, a platform that helps people raise their income, make smart investments, and achieve true freedom in life. He is a former medical devices professional, clocking in over 18 years in that field. And while on that route, he has also been investing in real estate, earning him 20 years of investing and managing experience. Aside from real estate, Chris has invested in equities, oil & gas, small business lending, as well as angel investments. He is also the author of Next Level Income: How to Make, Keep, and Grow Your Money Using the ‘Holy Grail of Real Estate’ to Achieve Financial Independence, a book that he wrote just last year to help people seek true financial freedom. In this episode, we touch on a lot of topics about real estate, investing, financial independence—as well as difficult subjects like loss, the hustle culture, and being open about one’s emotions. KEY TAKEAWAYS 1. Experiencing loss can help put your life’s priorities into better perspective. 2. Don’t block the important things in your life to chase mountaintops; balance between life and the grind is essential. 3. When you become financially independent, you become the best version of yourself. 4. You don’t need to quit your day job right away to build financial independence. 5. If you’re not mentally clear, you’re going to have a hard time helping other people. LINKS https://www.nextlevelincome.com/ https://www.linkedin.com/in/nextlevelincome/ https://www.amazon.com/Next-Level-Income-Achieve-Financial-Independence/dp/B085RTM4BT Want to invest in my deals? - Click Here to Find out More!

RG282 - Unlocking Your Next Level of Financial Independence – w/ Chris Larsen

This week, we have the privilege of hearing the story of Terrance Doyle, a long-time entrepreneur with over 13 years of experience and the founder and managing partner of The VareCo, a private real estate investment firm specializing in value-add properties across multifamily markets in Denver, Colorado and Des Moines, Iowa. Terrance Doyle has been an entrepreneur since 2008. He started with a carpet cleaning company, then moved on to real estate when he saw the opportunities after the 2007 recession hit. He flipped house after house, building his portfolio—even buying his own basketball team in Spain—and today, he is the founder of The Vareco, a private real estate firm with over $80 million dollars of assets under management. Terrance is someone who values lasting relationships with partners, be it investors, contractors, or sponsors. He is a believer of perfecting businesses and systems within the business; hiring other people to address one’s weaknesses; and getting the right people on the ground. Now, Terrance focuses on attracting outside capital to scale his business, which he also talks about in this highly insightful episode. Whether you are a beginner or an experienced entrepreneur, you’re going to want to hear about how Terrance runs his business—and helps others build value in their lives in the process. KEY TAKEAWAYS 1. Hire people that are good at things that you are not. 2. Understand your strengths from Day 1. 3. Nurturing your relationships with your people can help you stay ahead of the curve. 4. Investors’ perception of your track record will depend on who your audience is. LINKS https://www.linkedin.com/in/tjdoylemathew633 https://thevareco.com/ https://www.biggerpockets.com/users/terrancedoyle Want to invest in my deals? - Click Here to Find out More!

RG281 - Maximizing Profit & Minimizing Expenses in Multifamily – w/ Terrance Doyle

Cash Flow Portal founder and CEO Perry Zheng is on the show with us this week. Join us as we talk about his journey from being a first-generation immigrant to a successful real estate syndicator, as well as how Cash Flow Portal came to be so successful in such a short amount of time. Perry Zheng is the founder and CEO of Cash Flow Portal, a real estate syndication software that helps real estate syndicators raise money, streamline operations, and reach out to more investors. To date, they have over 1,500 units and have raised over $16 million dollars. Perry himself is a lead syndicator with 580 units in his portfolio. He was also a full-time engineering manager at Lyft just recently quit his day job to focus on real estate. Perry is a first-generation immigrant who grew up in a hardworking family. Growing up, he realized that working smarter bears more fruit than working harder. After getting a good education, working his way up the career ladder, and creating Cash Flow Portal, Perry decided to pour his time into real estate—particularly syndications. In this episode, Perry shares his insights on career growth, starting out in the real estate industry, and what it’s like to work towards success as an immigrant in the US. We also deep dive into how he built Cash Flow Portal, which is a relatively new company (but is already achieving 80% to 100% growth week-to-week), and how they managed to thrive in the middle of a global pandemic. KEY TAKEAWAYS 1. Work smarter, not harder. 2. You shouldn’t be looking too far into the future; don’t underestimate what you can do in the long term. 3. Enjoy the journey; focus on what you can control. 4. Networking is an important tool for education and building experience aside from making connections. LINKS https://www.cashflowportal.com/ https://www.linkedin.com/in/perryzheng/ Want to invest in my deals? - Click Here to Find out More!

RG280 - Investing in Real Estate as a First-Generation Immigrant – w/ Perry Zheng

Join Vince Caviglia and me for this week’s episode as we talk about rental rates, value-add, portfolio management, and so much more. Vince Caviglia is the owner of CEO of Equity Group Investors, a real estate investment firm that focuses on helping people invest in distressed real estate. Having worked in the real estate industry for over 15 years, Vince has tons of direct experience in areas ranging from mortgage lending and debt syndication to commercial acquisition in various markets. Equity Group Investors evolved from a successful residential fix-and-flip company. With years of hands-on experience and real estate running deep in his bloodline, Vince is one of the most reliable sources of valuable insights, especially when it comes to scaling and avoiding pitfalls in fix-and-flip and buy-and-hold markets. For this episode, we talk about the most notable experiences in his career, including how he split from a shady partner and managed to prevent investors from losing their money. We also get to learn more about his unique approaches and views on a variety of aspects, such as fund management, deal structures, and finding underappreciated opportunities. Notably, we also touch on rental rates in relation to wages, which is something that every real estate investor should know. In just forty-five minutes, you’ll find out why Vince is one of the most trusted people in the industry. KEY TAKEAWAYS 1. Being transparent with your investors is key to winning their trust. 2. Obsolescent assets are now trading for what it takes to replace them. 3. You can see the highest growth where there is no inventory. 4. Trickling from macro to micro assets and vice versa are great strategies to reduce risk. 5. Start small then build up gradually. LINKS https://www.linkedin.com/in/vince-caviglia-01994513/ https://equitygroupinvestors.com/divi_overlay/vince-overlay-2/ https://equitygroupinvestors.com/ Want to invest in my deals? - Click Here to Find out More!

RG279 - From Fix-And-Flips to a Large-Scale Investment Firm – w/ Vince Caviglia

This week, we tackle a particularly interesting field of real estate that we don’t often get to talk about: senior housing. Join Loe Hornbuckle and I as we talk about the different types of senior living, innovating senior care, and many other aspects of senior living real estate. Loe Hornbuckle is the CEO of Sage Oak Assisted Living and Memory Care and a co-founder of GoodHorn Capital, a real estate investment firm that helps investors achieve financial freedom and create long-term value by owning and repositioning real estate. He is passionate about improving the living experience of residents in assisted living facilities by providing quality care and leveraging the advantages of scale. For this episode, Loe walks us through the different types of senior living facilities, their scaling strategies for these facilities, the operational side of senior living management, and the many different ways Loe and Goodhorn Capital helps improve the lives of the elderly. KEY TAKEAWAYS 1. Senior living is composed of many different types; memory care, assisted living, skilled nursing facilities, etc. 2. Big senior living facilities are not always the best places to receive elderly care. 3. Being present is one of the best ways to optimize operations and maintain control. 4. Systematizing operations is not always the best way to prevent abuse in senior facilities—but hiring good quality people is. LINKS https://goodhorncapital.com/ https://www.linkedin.com/in/loe-hornbuckle-76b6aba/ Want to invest in my deals? - Click Here to Find out More!

RG278 - Investing in Senior Living: Helping Investors & Seniors at The Same Time – w/ Loe Hornbuckle

We have a very unique guest for this week’s show. Join us on this episode where we interview Savannah Arroyo, also known as the Networth Nurse, and learn more about how she became a real estate investor while being a full-time registered nurse. Savannah Arroyo is a full-time registered nurse from Los Angeles, California. From the start, she has always been drawn to leadership positions; serving committees, leading process improvement initiatives, and helping solve critical situations. However, she found that her income from nursing did not meet her desire for financial flexibility. She started investing in multifamily syndications, and the rest is history. Now, Savannah is a successful real estate investor, particularly in the multifamily field. She established her brand The Networth Nurse, where she helps busy medical professionals create passive income through investing in real estate. A unique business in and of itself, Savannah paves the way for busy medical professionals to find financial freedom for themselves. She is also not selfish with her knowledge, and her website’s landing page speaks for itself. In this episode, learn more about how Savannah came to be the Networth Nurse, why she was drawn to multifamily syndications in the first place, and how she managed to become a successful real estate investor without leaving her main career. KEY TAKEAWAYS 1. Be more intentional with your time, whether you are at work or at home. 2. Being genuine can make it easier to transition into the role of a capital raiser. 3. Understanding your market is imperative to business success. 4. You don’t have to be an expert at multifamily investing in order to start. LINKS https://www.linkedin.com/in/savannah-arroyo-063ab3106/ https://www.instagram.com/thenetworthnurse/?hl=en https://thenetworthnurse.com/author/savannah-arroyo/ Want to invest in my deals? - Click Here to Find out More!

RG277 - Helping Medical Professionals Invest in Passive Income – w/ Savannah Arroyo

We have not one—but two guests for you guys this week. Let’s listen to the story of Ava Benesocky and August Biniaz of the Canada-based real estate investment firm, CPI Capital. Ava Benesocky and August Biniaz are the founders and CEOs of CPI Capital, a real estate investment company that focuses on helping both US and Canada-based investors find opportunities in the US multifamily market. With both having started as real estate agents, Ava and August put their skills, knowledge, and experience together to turn CPI Capital into what it is today. In this episode, we get the low-down on how Ava and August built CPI Capital, as well as how they gained interest in the US market in the first place. They also talk about how they chose the right corporate structure in Canada vs. the US, with each having its unique pros and cons. Ava and August also talk about the challenges that they have encountered in the business, including—surprisingly—having too-high returns. And since CPI Capital is a young company, the two CEOs also let us in on their future plans to scale. If you are in Canada or in another part of the world and are interested in investing in the US market, this episode can give you valuable insights on what it’s like being a foreign investor. KEY TAKEAWAYS 1. Some Canadian investors can qualify for certain US tax benefits, depending on their investment plans. 2. In the private equity space, the general partner’s compensation is relative to their performance and the asset’s performance. 3. When the real estate industry is not ideal in your country, it may be time to invest in a foreign land. 4. Currently, the US can be regarded as the country with the highest yield in the West. LINKS https://www.cpicapital.ca/ https://www.linkedin.com/in/august-biniaz-23291460 https://www.linkedin.com/in/avabenesocky-cpi-capital/ https://reedgoossens.com/ "Want to invest in my deals? - Click Here to Find out More!" and link to my website: https://reedgoossens.com/invest-with-reed/

RG276 - How Canadians Can Access The US Real Estate Market – w/ Ava Benesocky and August Biniaz

Finances should not be complex, and yet so many people make it so. In this week’s episode, we talk with Jerry Fetta, an expert financial advisor who is dedicated at bridging the gap in financial education for everyone. Jerry Fetta is the founder and CEO of Wealth DynamX, a company that is dedicated to helping families achieve financial freedom by investing in alternative assets. Starting at selling mutual funds and retirement accounts, Jerry is now a diverse investor and nationally recognized financial advisor, having been featured on many platforms like Yahoo! Finance, Forbes, New York Finance, as well as over 45 podcasts. Jerry grew up in a low-income family. Growing up was hard for him, especially after his parents divorced due to finances. Today, Jerry dedicates himself to helping people live financially free, abundant, and prosperous lives by breaking finances down into its fundamentals and making financial education accessible for everyone. Tune in to this episode as we talk about the importance of simplifying finances, investing in alternative assets, and achieving financial freedom in the most uncomplicated ways possible. KEY TAKEAWAYS 1. If you can’t draw it on a napkin and make sense of it, it’s not a good deal. 2. Finances should be simplified to become accessible to everyone. 3. Never invest in something that you don’t understand. 4. Financial knowledge can be easy to understand if third parties do not make it complex to make a sense of inferiority. LINKS https://jerryfetta.com/ https://www.linkedin.com/in/jerry-fetta/ https://www.linkedin.com/company/wealth-dynamx "Want to invest in my deals? - Click Here to Find out More!" and link to my website: https://reedgoossens.com/invest-with-reed

RG275 - Why Finances Should Be Kept Simple, Stupid – w/ Jerry Fetta

A podcast for investors and entrepreneurs looking to break into the U.S. market! Join Reed Goossens as he explores the world of US investments: real estate, businesses, and start-ups. Reed interviews industry leaders, and successful entrepreneurs, about how to grow your wealth and create financial freedom by investing in the U.S... With just a little bit of an Aussie twist! Reed is an Australian making a go of it in the US. He moved to the US back in 2012. He went from buying small duplexes for $45,000, to raising money from investors to buy large multi family apartment communities across the US. To date Reed has been involved in the acquisition of over $250 mill. worth of multi family real estate. He certainly lives up to the ‘never say die’ Aussie attitude when it comes to being a successful entrepreneur. So click play and find out why this show is one of the top rated investing shows on iTunes.

hubhopper

Investing In The U.S.

hubhopper