Cash Flow Fight Club

E04: How to Manifest Success: Building the American Dream with Rod Khleif

In today’s episode, learn from Rod Khleif's remarkable journey of success, failure, and resilience – from immigrating to the US as a child with next-to-nothing to building (and rebuilding!) a multi-million dollar real estate business! Rod shares invaluable lessons on the importance of setting goals and having a "burning desire" to achieve them, overcoming fear, self-doubt, and limiting beliefs through massive action, and harnessing the power of your mindset and psychology to transform your life and business.
Here are some power takeaways from today’s conversation:
[02:32] - Building a life free of regrets
[03:56] - Rod's story from immigrating to US as a child to building a multi-million dollar real estate business 
[07:35] - Setting goals and making the decision to create the life you deserve
[14:55] - Leveraging partnerships and playing to your strengths
[18:00] - Tips for overcoming fear, limiting beliefs, and taking massive action
[25:00] -Having the right peer group and connecting within your niche community
[33:00] - Traits that separate superstar performers in Rod's coaching program 
[38:56] - The transformative power of affirmations
[47:10] - A powerful story of success and happiness.
[51:11] - The power of giving back
 
Episode Highlights:
[03:56] Rod’s Story of Failure, Resilience, and Success
As a Dutch immigrant, Rod faced struggles, including eating expired food and wearing secondhand clothes. However, his mother's work ethic and entrepreneurial spirit inspired him. Witnessing her success in the stock market and real estate, Rod decided to pursue a career in real estate himself. Starting with modest earnings, he learned the importance of mindset and psychology from a mentor, which became a turning point in his life. Over the years, Rod built an impressive portfolio of rental properties and apartment units, experiencing significant wealth growth. However, in 2008, he suffered a devastating loss of $50 million during the financial crisis. Despite this setback, Rod's focus on mindset and psychology played a crucial role in his recovery. Today, he shares his journey and emphasizes the vital role mindset plays in achieving success.
[07:35] Setting Goals and Making the Decision to Create the Life You Deserve
In his book "Think and Grow Rich," Napoleon Hill emphasizes the importance of having a burning desire to overcome fear, limiting beliefs, and the comfort zone. It all begins with setting goals and understanding the why behind those goals, which is even more significant than the goals themselves. When faced with adversity and losing everything, realigning with goals becomes crucial. Taking it a step further, making the decision to venture beyond the confines of a traditional job or explore a side hustle is vital for creating the life you truly deserve.
[14:42] Leveraging Partnerships and Playing to Your Strengths
Focus on your strengths and find ways to complement your weaknesses. In the multifamily space, successful partnerships often involve pairing an analytical person with an outgoing person. This combination is a match made in heaven. While it's important to address and improve upon your weaknesses, prioritize leveraging your strengths for success.
[38:56] The Transformative Power of Affirmations
The power of affirmations and self-identification is profound. By consciously stating "I am" followed by positive attributes or goals, we reinforce our desired identity and internalize those qualities. Surrounding ourselves with visual reminders and shouting affirmations with conviction can transform our mindset and behavior. This practice helps overcome fear, boost confidence, and drives us towards achieving our goals. Affirmations have been used by successful individuals to enhance performance and create positive change. Embracing their potential as a tool for personal growth and transformation is key.
Resources Mentioned:
www.rodslinks.com or text LINKS to 72345
Multifamily Bootcamp in Orlando (Sept 15-17) - use “cashflow” for a discount entry to $197
Five Regrets of Dying by Bronnie Ware
Think and Grow Rich by Napoleon Hill

E03: A Battle of Alternative Investments: Vineyards with Keeley Hubbard vs Outdoor Hospitality with Adam Lendi & Justin Hoggatt

Discover 2 unique ways to generate how two investors are generating cash flow and long-term returns through alternative investments in vineyards and outdoor hospitality. Keeley Hubbard of Hubbard Capital Group syndicates Texas vineyards to fill the supply gap for Texas wineries, while Adam Lendi & Justin Hoggatt of Happy Camper Capital syndicate outdoor hospitality properties like campgrounds and RV parks.
Here are some heavyweight takeaways from today’s conversation:
[03:41] - Keeley Hubbard’s background and how she runs a business with family
[06:54] - Adam Lendi & Justin’s background in campground deals
[14:02] - What is outdoor hospitality investing?
[18:30] - The ideal investors for each
[25:48] - The unique risks in vineyard investing
[31:17] - Investor returns
[32:08] - The benefits of vineyard investing
[34:07] - The risks involved in these types of investments
 
Episode Highlights:
[13:47] Vineyard Investments vs. Campground Investing
Keeley Hubbard discussed how they syndicate Texas vineyard investments. The key points were:
They are filling the large supply gap for Texas wineries since Texas only produces about half the grapes needed for the wine demand.
They use mechanized vineyards to reduce costs and increase profit margins. This allows them to offer higher returns to investors.
Investors have a longer horizon of 10+ years since it takes 4-5 years for the vines to mature and start generating revenue. But after that, the vineyards will cash flow for 20-25 years.
They raise around $7-7.5 million per vineyard block and offer investors returns over 250% over 10 years plus 16-18% annual cash flow for years 15-25.
Adam Lendi Lindy and Justin Hoggatt Hoggett discussed how they syndicate their campground and RV park deals. The key points were:
They focus on the business performance and revenue streams to increase property values and cash flow.
They manage the properties themselves through their operating company to have more control and maximize performance.
They recently launched a $25 million fund to purchase multiple properties and diversify cash flows. Minimum investment is $100,000.
They target returns of around 15% cash on cash and 2.2-3x equity multiple over their 5 year hold period.
[14:40] Unlocking the Potential of Vacation Destination Properties
In this model, you prioritize catering to transient guests who stay for less than 30 days. The main focus revolves around vacation destination properties, as they offer unique advantages over long-term residences. While some may prefer the security of a campground filled with long-term tenants, maximizing the number of nightly stays leads to significantly higher revenue per night. Moreover, there are additional revenue streams that may accompany your core offerings. Investing in the hospitality industry is not only exciting but also brimming with opportunity. However, it's important to note that navigating this space requires intricate and meticulous underwriting processes to ensure success.
[32:08] Refinancing Flexibility From Vineyard Investing
Unlike many other investments that require refinancing, vineyard investing offers more flexibility. Refinancing typically occurs around year eight, allowing time for the investment to mature. If interest rates are above 8%, investors can choose to maintain the existing financing terms, ensuring the investment continues to generate cash flow in double digits. Investing in vineyards provides an opportunity for long-term growth and financial stability.
 
Resources Mentioned:
Hubbard Capital Group
Happy Camper Capital 

E02: Real Estate Rebel: How Annie Dickerson Built a Multi-Million Dollar Business

Are you ready to channel your inner rebel and build a successful business? Annie Dickerson's story offers inspiration and practical advice for aspiring entrepreneurs. Annie co-founded Good Egg Investments, a multi-million dollar real estate investing company with a mission of helping others benefit from real estate. Her journey from teaching, to working in corporate jobs, to starting Good Egg shows the transformative power of developing the right mindset and finding the courage to break out of the norms.
Here are some knockout takeaways from today’s conversation:
Timestamped Highlights:
[00:01] - Introduction to Annie Dickerson and Good Egg Investments
[02:45] - How she got into real estate investing after breaking out of Corporate America
[11:18] - Finding and forming a perfect partnership with her business partner, Julie
[15:21] - Fostering open-mindedness in a partnership
[22:28] - How coaching helped her develop the right mindset for entrepreneurship
[25:15] - The motivation behind impactful entrepreneurship
[33:22] - Money Wise Kids (Annie’s program that teaches financial literacy to children)
[40:58] - The importance of coachability and accountability for success
[44:20] - Advice for aspiring entrepreneurs, highlighting the importance of coachability, accountability, and risk appetite
 
Episode Highlights:
[25:15] The Motivation Behind Impactful Entrepreneurship
Motivations in entrepreneurship evolve and expand, moving beyond supporting customers as investors. Entrepreneurs feel a deep sense of responsibility towards their growing team and their families. Good Egg Investments' coaching program for raising capital has magnified their impact, as individuals left their jobs to pursue this opportunity. The underlying motivation has always been about making a meaningful impact and helping others, prioritizing their success over financial gain.
[34:39] Embracing Your True Calling and Passion
Spending time on something that doesn't align with your passion or calling can lead to a sense of mediocrity. It takes courage to recognize when something isn't in your wheelhouse and make the decision to pursue what truly ignites your passion. The longer you wait, the higher the risk of settling for an ordinary life. Embracing your true calling and pursuing what you are passionate about can lead to extraordinary outcomes.
 
[40:58] Fixed vs. Growth Mindsets
The concept of fixed mindset vs. growth mindset revolves around the belief that some people see their abilities and intelligence as fixed traits, while others believe they can be developed through hard work and dedication. Coachability and accountability play key roles in determining success. Being open to guidance from mentors and coaches, and being willing to make adjustments based on feedback, is crucial for growth. Additionally, maintaining discipline and motivation, even in the face of challenges, is essential for achieving goals. By embracing a growth mindset, being coachable, and prioritizing accountability, individuals and teams can unlock their full potential and achieve success.
[45:13] Embracing Risk and Unleashing Creativity as an Entrepreneur
In our society, there is often a strong emphasis on security and financial stability, which can sometimes hinder creativity and the willingness to take risks. However, as an entrepreneur, having a healthy appetite for risk is essential. It is through embracing risk that innovative ideas are born and extraordinary achievements are made. Join us as we explore the importance of stepping out of your comfort zone, breaking free from societal norms, and unleashing your full creative potential as an entrepreneur. Let's dive into the conversation on how embracing risk can lead to remarkable success.
Resources Mentioned:
Goodegg Investments
Mindset by Carol Dweck
The SPEED of Trust by Stephen Covey

E01: Land vs. Multifamily - a Real Estate Throwdown with Mark Podolsky & Mark Kenney

Multifamily vs. land investing: Which model is right for you? Do you have to choose one? Which is better for an active vs. a passive participant? Find out which business model would work best for you! 
Entering the ring for today’s matchup are two titans of real estate:  
Mark Kenney: Representing cash flow creation via multifamily investing, Mark Kenney has 25 years of experience. He has invested across multiple asset classes, closed over 100 multifamily deals totaling over $1 billion, and more than 16,000 units across 13 states. Mark is also a sought-after speaker, a coach, a podcast host, and a family man.
Mark Podolsky: Representing cash flow creation using the power of vacant land, Mark Podolsky brings the experience of thousands of real estate transactions and millions of dollars in real estate assets. Mark is also a best-selling author, an inspirational coach to hundreds of entrepreneurs, a public speaker, a podcast host, proud father and champion of “Letting Freedom Ring”. 
Here are some knockout takeaways from today’s conversation:
[03:48] Mark Kenney’s background and path to real estate wealth
[09:19] Mark Podolsky’s background and how he started in land
[12:52] The beauty of passive investing with regards to travel
[14:22] Land investing 101
[20:13] Minimum investment and creative ways to get started in land
[37:40 ] Round 3: The final pitch: Risks in investing/operating multifamily deals
 
Episode Highlights:
[14:08] Multifamily Investing vs. Land Investing
Mark Kenney and Mark Podolsky dive deeper into their respective business models of multifamily real estate investing and land investing.
Mark Kenney discusses the benefits of multifamily investing, including:
Cash flow from day one
Significant tax benefits from depreciation
Control over the value of the property based on income and expenses He also mentions that passive investors in multifamily deals typically need $50,000 or more as an entry point.
Mark Podolsky explains his land investing model, which involves:
Buying distressed land at 25-30% of market value
Doing due diligence to confirm ownership and check for issues
Quickly reselling the land through various channels, often using owner financing to generate cash flow He mentions that investors can get started in land investing with as little as $500.
Overall, they discuss the differences in their business models in terms of cash flow, returns, risks, and suitability for different investor types.
[37:55] The Risks and Returns of Multifamily Investing vs. Land Investing
For multifamily investing, the risk is generally deal specific, with distressed deals having higher risk but also higher returns. The biggest risk overall however is people - partners, property managers, etc. who may act unethically. As with land investing, Mark Podolsky says he has never lost money on a deal because they buy land at a steep discount. That being said, the main risk is ignorance, and if investors don't do proper due diligence when acquiring properties
[47:25] Entry Points and Returns for Passive Investors
For multifamily, passive investors typically need $50,000 or more and the goal is to double their money in 5-6 years, plus significant tax benefits from depreciation
For land, investors can get started with as little as $500, and deals can generate annual returns of 800-1200%
 
Resources Mentioned:
Mark Kenney:  
Mark Kenney: Multifamily Investing | Apartment Investing - Home - Think Multifamily  email:  mark@thinkmultifamily.com   
Mark Podolsky: 
Website: The Land Geek   Wholetailing program: www.thelandgeek.com/quickdeals  Dirt Rich (Mark’s book) 
Mike & Ligia Deaton: 
Multifamily investing: www.deatonequitypartners.com  Land Flipping Coaching: www.flippingdirt.us  

Cash Flow Fight Club: Fast-Track Your Path to Freedom

We are thrilled to welcome you to the Cash Flow Fight Club podcast! 
In a world filled with countless business ideas and investment options, it's easy to get overwhelmed. We created the Cash Flow Fight Club to cut through the noise and fast-track your path to freedom. if you're looking for the best ways to invest your time, effort, and money, along with insider tips on what it takes to succeed, tune in each week to hear from the champions of their craft, whether it's passive investing or getting active in the business. If it generates cash flow, we've got the details!
Come join us for some epic battles among the titans of cash flow, and discover who will reign supreme and take home the title of Cash Flow Fight Club Champion. 
We deliver knockout insights to you through:
Signature fight club head-to-head matchups
The Champion’s Corner 1-on-1 episodes
Digging deep into the best and worst of each investment type or business model
Finding freedom through passive income, side hustles, and cash flow business ventures
Episode Highlights:
[00:51] Our Signature Fight Club-Style Matchups
Our goal is to empower you with valuable insights that will help you grow your wealth and achieve more freedom through business and investing tips from top experts in the field.
These podcast episodes feature exciting matchups between different business models, where we explore their advantages, disadvantages, and insider secrets. Through three entertaining rounds of bare knuckle exploration, we'll uncover the highs and lows, pros and cons and reveal all the dirty secrets so you get a comprehensive understanding and make the best decision for you. At the end of each matchup, we crown a winner based on our analysis.
[01:19] The Champion’s Corner
In addition to our matchups, we also have one-on-one episodes with successful business and investing champions. In these episodes, they share their insights on mindset, habits, and behaviors that have driven them to success and accelerated their own journeys.
[01:50] What Makes This Podcast Unique
Whether you're interested in piling up the passive income, studying up side hustles, or creating epic cash flow business ventures, the Cash Flow Fight Club podcast delivers it all to you in the most informative and entertaining format on the airwaves so you can make the best decisions on your path to freedom.