Income Flip Podcast

#48. Steven Andrews—Mastering Real Estate: Mentorship, Market Timing, and Profitable Portfolios

SOARX Consulting was created to help every day people get into real estate! Steven Andrews came from a blue collar family. Coming out of college, he was $75,000 in debt and making $45,000 a year. He wanted more and knew something needed to change. He circled back to the dream he had at High Point University after taking a real estate class his senior year. He knew he didn’t have money to put down for his first rental but had a credit card, he could get money off of. That is exactly what he did and used that money to help buy his first rental. He overcame doubts and fears to pursue his dreams. Steven now owns and manages hundreds of properties through his virtual property management company, RMG.
With a mission to empower others, Steven is writing a book and founding SOARX Consulting to help individuals achieve their goals by starting their own rental property company. Steven wants to share his expertise and inspires us to achieve our dreams. SOARX Consulting offers an 11 week course, which gives you a step by step road map on how to be successful in the business called real estate. This is the same proven process that Steven personally used to navigate the success that he has had. SOARX Consulting is here to help the next generation of people achieve their dream of getting into real estate! Also Stevens book called The New American Dream will be released March 12!

#47. Rocky Lalvani—The Principles of Profit First: Prioritizing Profit in Business Measuring ROI in Marketing and Sales

Rocky Lalvani shares his background as an immigrant to the United States and his journey to becoming an investor and entrepreneur. He discusses the principles of Profit First, a financial system that prioritizes profit in business. He emphasizes the importance of setting aside money for profit, taxes, and operating expenses, and provides insights into implementing Profit First in different real estate business models such as wholesaling and fixing and flipping. Rocky also highlights the need for tracking and measuring key metrics to ensure profitability. In this conversation, Rocky and Rob discuss the importance of tracking and analyzing financials in real estate investing. They emphasize the need to compare actual expenses and profits to projections, and to consider funding costs and the allocation of profits. They also highlight the significance of having reserves, paying oneself, and setting aside money for taxes. The conversation touches on the importance of accurate bookkeeping, the value of dashboards for tracking financial data, and the need for business owners to avoid micromanaging and empower their team members. They also discuss the role of marketing and sales in generating revenue and the importance of measuring ROI.

#41. Ben Kinney—Doubling Success + Mindset in Real Estate Entrepreneurship

Ben Kinney shares his journey in real estate and entrepreneurship, from starting as a cable guy to building a billion-dollar business. He developed a doubling mindset, always striving to double his achievements and push beyond his limits. Kinney emphasizes the importance of leadership, starting with leading oneself and then leading others to succeed. He also discusses the creation of Place, a technology and agent services platform, and the strategy behind acquiring tech companies. Kinney's success lies in his ability to build trust, give value, and turn around businesses by focusing on revenue, expenses, and people.

#46. Mike Mannino—Designing And Executing The Best Business System

Winning big in real estate requires strategic planning, vast knowledge of the latest market trends, and a bit of relationship-building prowess. In this episode, Rob Chevez sits down with Mike Mannino, who unpacks how he developed the business systemsthat brought him success in the fix-and-flip scene. He talks about his journey from working at a fast food chain for a minimum wage to managing several properties in Michigan and North Carolina. Mike also shares valuable insights and tips on building active income through fixing and flipping while earning passively through rental apartments.

#45. Timothy Lyons—Igniting Wealth: A Real Estate Odyssey To Passive Income Prosperity

It’s a dream for many to be able to take their active income and convert it into passive income. If you really have the passion for it, then nothing should hold you back. Join us in this conversation with Timothy Lyons as he shares his awe-inspiring journey from firefighting and emergency room nursing to a thriving real estate entrepreneur. Tim unveils the pivotal moments that propelled him into real estate syndication. Discover the power of education, mentorship, and a resilient mindset in Tim's story, offering essential insights for seasoned investors and beginners alike. Join in and explore the world of real estate through the lens of Tim's transformative experience, sparking inspiration and a pursuit of financial freedom through passive income.

#44. Chris Younger—Building And Selling Businesses

Building and selling businesses is a dynamic and rewarding career path that allows you to shape andgrow enterprises from the ground up while providing a sense of accomplishment. It offers the uniqueopportunity to your entrepreneurial vision and then witness the tangible results of hard work andstrategic decision-making come to fruition when successfully selling a thriving business. In this episode, Chris Younger, a seasoned expert in building and selling businesses discusses the challenges of dealing with changing regulations and the art of scaling a business. Chris shares his experiences and insights onthe keys to successful entrepreneurship, the crucial elements of a thriving business, and valuable advicefor both buyers and sellers. Don't miss this engaging discussion on business growth and value creation!

#43. Travis Baucom—Finding Your Niche: Building Commercial Wealth

Real estate investing is more than just collecting rent; it's about strategically unlocking hidden potential in underperforming properties to build lasting wealth. In this episode, we're diving into an exciting and often overlooked niche in real estate: storage units. Our guest, Travis Baucom, shares his transition from flipping houses to creating passive income streams through self-storage units. He highlights the importance of finding an investment niche that aligns with your passion. Sharing his journey, Travis shows that success comes easier when you're excited about what you do. Travis also identifies the key criteria he uses to uncover hidden potential in underperforming properties, ensuring maximum returns. Join us in exploring storage unit investing and income flip strategy.

#42. Alex Jarbo—Winning Big In Vacation Rentals

How can you thrive in real estate by acquiring and investing in vacation rentals? This is what Alex Jarbo shares with Rob Chevez in this conversation full of valuable tips and advice. A former Marine, he talks about his first-ever property and how he scaled it fairly quickly. He explains the benefits of going direct-to-consumer and provides his insights on the recent negative news about short-term rentals. Alex also talks about his latest investment in treehouse properties, which he considers the best hospitality rental opportunity in the United States today.
 

#40. Jim Sheils—Success In Build To Rent

We delve into the untapped potential within the build-to-rent space with Jim Sheils, a seasoned professional with decades of experience. Join us as Jim unravels the challenges and triumphs he faced transforming into the gold-mine of build-to-rent properties.. From navigating the foreclosure crisis to exploring different property types, Jim provides invaluable insights for both seasoned investors and those new to the real estate game. Tune in for a compelling conversation that explores the mindset, strategies, and adventures behind Jim's remarkable journey.

#39. Jacob Vanderslice—Creating Wealth From The Self-Storage Business

In this episode, Jacob Vanderslice shares his origin story on how his business moved from from residential to self-storage. He talks about what investing with storage looks like, how his team navigates through the debt maturity issues today, and where they are heading years down the line. Tune in now to hear insights on storage, and building wealth. Don’t miss out on this conversation!