Podcast appearances and mentions of cash flow diary

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Best podcasts about cash flow diary

Latest podcast episodes about cash flow diary

The Real Estate Law Podcast
Quick Take - The Blueprint to Building Your Short-Term Rental Portfolio with CashFlow Diary Founder J. Massey

The Real Estate Law Podcast

Play Episode Listen Later Mar 7, 2024 9:10


Quick Take - (Full Episode - #86 - Link Below to Full Episode) We're thrilled to welcome J. Massey - real estate entrepreneur, father, coach, instructor, author, podcast host, short-term rental expert, and founder of Cashflow Diary, an STR hospitality training company that shows investors how to build their own short-term rental businesses. J. has built a real estate portfolio with short term rentals at the center, and now operates a 37-unit short-term rental business, which has created more profit faster than any other strategy he has seen before. In fact - J. and his team have identified 65 different use cases for short-term rentals. 65? Really? If you thought that short-term rentals were just beach condos and cabins in the woods, you will want to hear what J. has to say! Cashflow Diary exists to create short-term rental entrepreneurs. With Cashflow Diary, J. has trained thousands of students, helping them invest profits into whatever is most important to them - family, business, community, and the future. In this episode, we discussed: - Balancing the tax challenges of active income with buy-and-hold strategies - How J. discovered short-term rentals as the perfect entry point for many - Why your labor should build assets rather than simply building income - What's the difference between being in your career and being retired? - Why short-term rentals solve single points of failure for investors - Benefits to short-term rental arbitrage, both from the standpoints of operators and property owners - The 65 different use cases for short-term rentals - J.'s thoughts on oversupply in the short-term rental market - What opportunities are a little less apparent in the short-term rental space? - Themed short-term rentals and why they work well - Scaling your business and the need for learning leadership :: Link to Full Episode - https://youtu.be/3QPYyky6roY Where you can find J. Massey: Website - https://cashflowdiary.com/ Facebook - https://www.facebook.com/CashflowDiary/ Instagram - https://www.instagram.com/cashflowdiary/ LinkedIn - https://www.linkedin.com/in/cashflowdiary/ YouTube - https://www.youtube.com/user/CashFlowDiary The Ultimate Short Term Rental Guide - https://cashflowdiary.com/the-ultimate-short-term-rental-guide/ How To Start An Airbnb Business: https://cashflowdiary.com/how-to-start-an-airbnb-business Text "Blueprint" to 949-881-6939 for J.'s free eight-hour course to learn how to get your first short-term rental Join Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #airbnb #str #shorttermrentals #vacationrentals #airbnbtips #airbnbinvestor #mediumtermrental #airbnbarbitrage #cashflow Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Help us Spread the Word If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!eal Estate Law, and so much more!

RNG Radio Show
J. Massey, Cashflow Diary - Founder Interview | RNG Radio Show

RNG Radio Show

Play Episode Listen Later Aug 3, 2023 39:01


J. Massey is not an extraordinary human being; he did not have a formal education beyond high school; he entered the real estate market at one of the worst times in history for that industry; his wife was critically ill and he was injured so he could not work. What makes J. Massey different and very successful as a businessman and real estate investor is that he took action and then kept taking action steps - learning and earning, learning and earning - to get him where he is today. Prior to entering the sharing economy, J. taught real estate strategies based on his years of experience. He owned hundreds of units, raised tens of millions of dollars, and even owned cell phone towers. He was all but “retired” at the age of 38, when one of his students asked what he knew about short-term rentals. While the answer at the time was, “not very much”, J. started looking into the model and was astounded at the opportunities it presented. Since that fateful day, J. Massey became a full-time real estate investor, founded Cashflow Diary, and now runs a 34 unit short-term rental business, which have create more profit faster than any other strategy he has seen before. J. has also reached tens of thousands of listeners as the host of The Cashflow Diary Podcast, delighted readers as the author of The Cashflow Diary book, commanded rooms as highly sought after Speaker, and changed countless lives as a wildly successful business coach for entrepreneurs. Visit www.cashflowdiary.com to learn more. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rngradioshow/message Support this podcast: https://podcasters.spotify.com/pod/show/rngradioshow/support

The SuccessGrid Podcast
Short-Term Rental Business with Jermaine Massey - SG162

The SuccessGrid Podcast

Play Episode Listen Later Jun 27, 2023 30:58


Jermaine Massey Is The Founder Of The Most Advanced Short-Term Rental Training Company In The World, Cashflow Diary. Cashflow Diary is a short-term rental hospitality training company that shows people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially. Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, J. believes that running a hospitality business with his blueprint plan will change people's lives. Cashflow Diary website: https://cashflowdiary.com/   SuccessGrid FB Community: https://www.facebook.com/groups/successgridinsiders   SuccessGrid Instagram: https://www.instagram.com/successgridofficial/   Show notes: https://successgrid.net/sg162/   If you love this show, please leave a review. Go to https://ratethispodcast.com/successgrid  

Side Hustle Hero
34: Make Money In The Sharing Economy, Part 2 with J Massey

Side Hustle Hero

Play Episode Listen Later Jan 31, 2023 30:31


Welcome to Part 2 of my conversation with real estate investor and founder of Cashflow Diary - J. Massey. We open Part 2 of Make Money In The Sharing Economy with J's perspective on ordinances and bylaws that dictate where short term rentals (STR's) are allowed, where they're not, and why he's actually a fan of these rules. J also reveals; often overlooked segments of the population that need extended stay accommodation, opportunities to rent out your house or condo for day use ; for example – to content creators, other ways you can earn money in the shared economy, the most common oversights and mistakes made by people entering the STR business, and he walks us through the numbers of what it takes to net $1,000 and $2,000 per month from your STR Like Part 1, this episode is ripe with light bulb moments to inspire your side hustle journey.   What You'll Hear: 03:35 The ordinances are forcing you into a more profitable part of the business 04:20 All these groups in the “extended stay” category need places to stay 06:25 Government organizations can be a worthwhile source of guests 08:01 J walks us through the numbers to net $1000 and $2000 per month 09:37 Biggest expense is the lease (or mortgage), then labour-related issues 09:57 Start your projections with a revenue number being double what you're paying for the lease 10:28 Worse case you should expect is a net income of 30% of revenues 11:35 “Tent pole” or “Compression” events coming to town drive up nightly rates 13:09 “Damage fee waiver” vs “security deposit” 14:18 Only 60% of J's gross revenues are from the nightly rates, 40% are the “add-ons” 14:30 Other “add-on” ideas to receive revenue from guests 16:00 Opportunities in “day-use” property rentals 17:50 Expenses that are sometimes overlooked in budgets 18:06 You need to pay attention to “screening, safety, and security,” to avoid liability, a lot of problems, and increased labour costs 22:11 Where to look for your first short term rental property 25:15 Other rental opportunities from assets you now own 26:43 J's best tip for taking action 27:52 Focus on being “prepared” rather than waiting to be “ready” Wrap Up: 29:01 Fail fast, fail forward, fail frequently and start before you're ready 29:25 A confidence-building mindset to adopt - What would I do differently next time? What went right? Connect with J Massey: https://cashflowdiary.com/ https://www.instagram.com/cashflowdiary/ J's Short-Term Rental Blueprint Course https://cashflowdiary.com/blueprint/ Connect with Joan: https://www.instagram.com/joanposivy/ https://www.facebook.com/posivy/ https://www.joanposivy.com/ Be on the show! https://www.joanposivy.com/be-our-guest.html

Side Hustle Hero
33: Make Money In The Sharing Economy, Part 1 with J Massey

Side Hustle Hero

Play Episode Listen Later Jan 24, 2023 33:53


Today's guest sees “oceans of opportunity” everywhere! J Massey was all but “retired” at the age of 38, when one of his students asked what he knew about short-term rentals.  While the answer at the time was, “not very much”, he started looking into the model and was astounded at the opportunities. Today J runs a 34 unit short-term rental business,  and runs a training company  known as Cashflow Diary, helping others to get established and grow in the industry. In this, Part 1 of 2 episodes with J, you'll hear; What's now driving the short term rental market, The multiple income sources you can set up to create earnings over and above the nightly rent, How you can establish a short term rental side hustle without even owning a property, And other income opportunities outside of the real estate space, but in the shared economy J also shares his “super secret” of how he bought and sold over 200 properties each in 72 hours or less, earning him between $2000 and $26,000 “ per property. You're sure to have lightbulb moments, as you listen to my conversation with today's side hustle hero, J Massey.   What You'll Hear: 03:35 Needing to eat was a strong motivation 05:06 How we talk ourselves out of moving forward 06:50 How J bought and sold properties within 72 hours…200 times 10:28 J feels is the perfect time to get into real estate 11:10 Oceans of opportunity exist today 13:35 The way real estate is being used is changing 16:40 Set yourself up so that your income is no longer tied to your labour nor a clock 17:40 Earn money from idle assets that you already own 20:00 Keep “screening, safety, and security” in the forefront when renting out your assets 21:30 View your short-term rental (STR) properties as a “distribution” service to maximize revenue 26:00 Get into the STR business without owning the properties 28:09 Dealing with pushback from landlords when trying to lease properties 30:47 How to look at the new rules, regulations, ordinances concerning STR's   Connect with J Massey: https://cashflowdiary.com/ https://www.instagram.com/cashflowdiary/ J's Short-Term Rental Blueprint Course https://cashflowdiary.com/blueprint/ Connect with Joan: https://www.instagram.com/joanposivy/ https://www.facebook.com/posivy/ https://www.joanposivy.com/ Be on the show! https://www.joanposivy.com/be-our-guest.html

The Real Estate Law Podcast
The Blueprint to Building Your Short-Term Rental Portfolio with Cashflow Diary Founder J. Massey

The Real Estate Law Podcast

Play Episode Listen Later Jan 24, 2023 52:36 Transcription Available


We're thrilled to welcome J. Massey - real estate entrepreneur, father, coach, instructor, author, podcast host, short-term rental expert, and founder of Cashflow Diary, an STR hospitality training company that shows investors how to build their own short-term rental businesses.J. has built a real estate portfolio with short term rentals at the center, and now operates a 37-unit short-term rental business, which has created more profit faster than any other strategy he has seen before.In fact - J. and his team have identified 65 different use cases for short-term rentals.65? Really?If you thought that short-term rentals were just beach condos and cabins in the woods, you will want to hear what J. has to say! Cashflow Diary exists to create short-term rental entrepreneurs. With Cashflow Diary, J. has trained thousands of students, helping them invest profits into whatever is most important to them - family, business, community, and the future.In this episode, we discussed:- Balancing the tax challenges of active income with buy-and-hold strategies- How J. discovered short-term rentals as the perfect entry point for many- Why your labor should build assets rather than simply building income- What's the difference between being in your career and being retired?- Why short-term rentals solve single points of failure for investors- Benefits to short-term rental arbitrage, both from the standpoints of operators and property owners- The 65 different use cases for short-term rentals- J.'s thoughts on oversupply in the short-term rental market- What opportunities are a little less apparent in the short-term rental space?- Themed short-term rentals and why they work well- Scaling your business and the need for learning leadership Where you can find J. Massey:Website - https://cashflowdiary.com/Facebook - https://www.facebook.com/CashflowDiary/Instagram - https://www.instagram.com/cashflowdiary/LinkedIn - https://www.linkedin.com/in/cashflowdiary/YouTube - https://www.youtube.com/user/CashFlowDiaryThe Ultimate Short Term Rental Guide - https://cashflowdiary.com/the-ultimate-short-term-rental-guide/How To Start An Airbnb Business: https://cashflowdiary.com/how-to-start-an-airbnb-businessText "Blueprint" to 949-881-6939 for J.'s free eight-hour course to learn how to get your first short-term rentalJoin Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!#realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #airbnb #str #shorttermrentals #vacationrentals #airbnbtips #airbnbinvestor #mediumtermrental #airbnbarbitrage #cashflowSupport the showFollow us!NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInAttorney Rory Gill on LinkedIn

High Velocity Radio
Jermaine Massey with Cashflow Diary

High Velocity Radio

Play Episode Listen Later Oct 25, 2022


Jermaine Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training […] The post Jermaine Massey with Cashflow Diary appeared first on Business RadioX ®.

The REI Friends Podcast
J. Massey: Developing A Growth Mindset in Real Estate (Version Video)

The REI Friends Podcast

Play Episode Listen Later Jul 22, 2022 38:08


Cashflow Diary is a short-term rental hospitality training company. They show people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially. Heralded as the most advanced short-term rental training in the industry, Cashflow Diary enjoys creating content and communities that are solely focused on developing individuals into powerful business owners. Founded by J. Massey, Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, he believes that running a hospitality business will change people's lives. Prior to entering the sharing economy, J. taught real estate strategies based on his years of experience. He owned hundreds of units, raised tens of millions of dollars, and even owned cell phone towers. He was all but “retired” at the age of 38 when one of his students asked what he knew about short-term rentals – the answer at the time was, “not very much.” He started looking into the model and was astounded at the opportunities it presented. J. now runs a 34-unit short-term rental business, and they create more profit faster than any other strategy he has seen before. That means that his clients, too will now learn about owning a business that creates more profits to invest into whatever is most important to them—their family, business, future, and community. If you want more information follow them on their social networks Here: https://cashflowdiary.com/about/ or https://www.instagram.com/cashflowdiary/ As usual, if you or someone you know would make a great guest for the show make sure to apply by filling out this short form: https://bit.ly/rei-friends-podcast-app Make sure we connect via instagram @catherinestoring so you don't miss any of the stories we are sharing about real estate and Cat's REI journey. --- Support this podcast: https://anchor.fm/rei-friends/support

The REI Friends Podcast
J. Massey: Developing A Growth Mindset in Real Estate

The REI Friends Podcast

Play Episode Listen Later Jul 21, 2022 37:40


Cashflow Diary is a short-term rental hospitality training company. They show people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially. Heralded as the most advanced short-term rental training in the industry, Cashflow Diary enjoys creating content and communities that are solely focused on developing individuals into powerful business owners. Founded by J. Massey, Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, he believes that running a hospitality business will change people's lives. Prior to entering the sharing economy, J. taught real estate strategies based on his years of experience. He owned hundreds of units, raised tens of millions of dollars, and even owned cell phone towers. He was all but “retired” at the age of 38 when one of his students asked what he knew about short-term rentals – the answer at the time was, “not very much.” He started looking into the model and was astounded at the opportunities it presented. J. now runs a 34-unit short-term rental business, and they create more profit faster than any other strategy he has seen before. That means that his clients, too will now learn about owning a business that creates more profits to invest into whatever is most important to them—their family, business, future, and community. If you want more information follow them on their social networks Here: https://cashflowdiary.com/about/ or https://www.instagram.com/cashflowdiary/ As usual, if you or someone you know would make a great guest for the show make sure to apply by filling out this short form: https://bit.ly/rei-friends-podcast-app Make sure we connect via instagram @catherinestoring so you don't miss any of the stories we are sharing about real estate and Cat's REI journey. --- Support this podcast: https://anchor.fm/rei-friends/support

Cash Flow Guys Podcast
300 - Crushing It In Short Term Rentals with J Massey of CashFlowDiary

Cash Flow Guys Podcast

Play Episode Listen Later Sep 9, 2021 59:43


In this, the 300TH episode of the Cash Flow Guys Podcast I sit down with J Massey of Cash Flow Diary to discuss the amazing possibilities that can be had by investing in Short Term Rentals.   As a student of J's Jill and I have built an incredible STR business that allows us the freedom to run it from anywhere in the world.   Recently, we relocated to Key West, Fl to begin buying up long and short-term rentals in this market. With the help of Mike Marino of LayoverMoney.com we plan to revolutionize the traditional methods of syndication investing by building a streamlined, highly optimized investing opportunity for our investors. If you want to learn how to grow your very own short term rental business, you can get started today by texting "blueprint" to 949-506-5255 As a student of CashFlowDiary myself I can tell you that learning this skills will prove to be absolutely life changing if you choose to do the work.

Robnett's Real Estate Run Down
J. Massey: Short-Term Rental Investing

Robnett's Real Estate Run Down

Play Episode Listen Later Sep 7, 2021 39:47


How can someone leverage short-term rentals without owning property? What makes short-term rentals a “gateway drug” for real estate investing? In this episode, J. Massey and I talk about how he got his start in real estate investing, the people he has impacted, and the vision he has for the future of his company. J. currently functions as a landlord, private lender, real estate investing consultant, investment manager, speaker, author, mentor, and community advocate. He now educates others on how to invest in residential multifamily and commercial properties for passive income via wholesaling and raising private capital. If you are looking to learn more about the reasons short-term rentals are great for every demographic and leveraging podcasting to grow a real estate coaching business, don't miss this episode. You're going to want to hear what J. says on today's show. If you liked what J. had to share today, go ahead and give him a follow as well on Facebook, LinkedIn, Twitter, YouTube, and Instagram and check out his podcast, Cashflow Diary on iTunes:@cashflowdiary on all Social Media Platformshttp://cashflowdiary.com/blueprint

The Boostly Podcast
Mr Cash Flow Diary Gives a Host in Mexico Tips on How to Get More Direct Bookings

The Boostly Podcast

Play Episode Listen Later Jul 25, 2021 10:11


Welcome to Boostly Podcast Season 11 Episode 145. This is a recap of my Facebook live where Mr Cash Flow Diary Gives a Host in Mexico Tips on How to Get More Direct Bookings. 00:00 Start 01:50 Helping a host get more direct bookings 06:10 When the booking happens • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast

Tracy Hazzard Getting Interviewed
Tracy Hazzard Helps Us Take Our Ideas Into The Real World From Cash Flow Diary Podcast With J. Massey

Tracy Hazzard Getting Interviewed

Play Episode Listen Later Jan 29, 2021 48:10


Entrepreneurs usually have tons of breakthroughs they want to achieve. However, realizing ideas from the deepest parts of their brains is easier said than done. Not every invention sees the light of day, but doing so will surely deliver outstanding results. In this conversation with J. Massey of the Cash Flow Diary Podcast, Tracy Hazzard delves into her work helping business owners and founders start strong. She talks about the seven-step process she uses when guiding investors on designing and launching products, guiding them in giving birth to sought-after and patent-worthy items. Tracy also opens up on her perspectives on failure, killing a product doomed to flop as early as possible, and managing a huge variety of concepts on her head every single day.

Capital Gains Tax Solutions Podcast
Creating And Preserving Wealth Through Short Term Rentals With J. Massey

Capital Gains Tax Solutions Podcast

Play Episode Listen Later Oct 26, 2020 55:40


Building your short-term rental business without needing to buy or own any property is unique. Joining Brett Swarts is J. Massey, a full-time real estate investor, entrepreneur, popular podcast host, author, speaker, coach, and an all-around problem solver. He started Cashflow Diary, which is an amazing podcast, and the training park program for real estate investors. Having owned hundreds of units and raised tens of millions of dollars, Jay has a wealth of knowledge to share. Don’t miss this episode for the opportunity to learn more about how you can create and preserve more wealth through short-term rentals.Love the show? Subscribe, rate, review, and share!Here’s How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter

Rental Property Owner & Real Estate Investor Podcast
EP245 How You Can Build A Successful Short-Term Rental Business with J Massey

Rental Property Owner & Real Estate Investor Podcast

Play Episode Listen Later Sep 14, 2020 54:41


I’ve been an admirer of today’s guest ever since I came across his Cash Flow Diary podcast many years ago.  J Massey has raised capital for, and invested in, single-family homes, notes, cell phone towers, commercial real estate and apartments.  And today he’s going to tell us about the new path his investing business has taken and why he sees a world of opportunity is short-term rentals. J has built his very own 34-unit, 46-bedroom, short-term rental business from scratch and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. J is also going to share how you can build a successful business with your spouse, his special sales tips for new business owners and entrepreneurs, and how he’s dealing with the unique challenges of operating a business during the Covid-19 pandemic. Whether you’re a Short-Term Rental Investor or not, you’ll get a lot of great tips & advice in today’s conversation.  You can contact J Massey through his website & podcast https://cashflowdiary.com

The Real Estate Lab
EP 38: J Massey - How This Airbnb Investor Deal with The Pandemic

The Real Estate Lab

Play Episode Listen Later Sep 7, 2020 67:52


Today on the Real Estate Lab Podcast, join our host Vee Khuu and his guest J. Massey as they talk about how his company dealt with the pandemic. J. Massey is the CEO and the Founder of Cashflow Diary, a company that provides training and development to educating short-term rental entrepreneurs. In this episode, you'll learn why it is essential to start before you are ready, to fail fast, fail forward, and fail frequently, and the importance of having the right mindset. There is a lot to unpack, so we hope you listen to the podcast! [NOTE] I wanted to apologize for not pushing out any new episode for the last few weeks. There were some unforeseen circumstances with my editing team and we haven't been able to work on the podcast. Thank you for your support through out.Support this show http://supporter.acast.com/the-real-estate-lab. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Amplify Your Success
Episode 194: Leveraging Podcasting to Grow a Real Estate Coaching Business with J. Massey

Amplify Your Success

Play Episode Listen Later Aug 31, 2020 46:57


Did you start a podcast to help fill your real estate coaching program or to drive leads to your business? Hosting your own podcast is a valuable authority positioning platform, but getting that podcast to drive qualified leads to your own business can be tricky. My guest J. Massey, author of the Cash Flow Diary and host of the Cash Flow Diary Podcast, stumbled into being a podcaster completely by accident! But once he did, he noticed his podcast had a profitable impact on his coaching business. Listen in on  Amplify Your Success Podcast episode 194 to hear J’s unique path to becoming a top podcaster -- and how he’s leveraging those listeners to fill his coaching programs. Be sure to join the Amplify Your Success Community to hear more.   Key Takeaways How J. Massey accidentally started a popular real estate coaching podcast, simply by wanting to teach his kids what he does. What J. did that caused podcast listeners to become coaching clients. J’s secret to delivering massive value and growing the listenership of his successful podcast, com. How J’s book, Cash Flow Diary, became a part of his client attraction process. A unique aspect of J’s life that is a catalyst for him to take bold action and continue to grow   About The Guest Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). J built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events.   Resources Mentioned in This Episode: Claim your copy of the Free Short-Term Rental Playbook at https://cashflowdiary.com/howmanyunits and set a cash flow goal with J.

Investing For Good
How To Pumped-up Your Cash Flow With Short-Term Rentals With J. Massey

Investing For Good

Play Episode Listen Later Jul 30, 2020 79:27


What is Short-Term Rental?“It is the cashflow that creates the capacity for significance”The story behind Cashflow 101 board gameHow J started in real estate with ZERO investmentWhat lead J to start in real estate"It is not about you, it's about what value can you deliver to the marketplace""Entrepreneurs organized other people's resources and put them into productive use"What is a short-term rental? How does it work?Different ways to get into short-term rentalHow do you make money in short-term rental?What is the 3 Phase System?What is an Asset Light ModelHow did they survive Covid19 RESOURCES FROM THIS EPISODEWebsite: Cash Flow DiaryPodcast: Cashflow Diary Podcastcashflowdiary.com/howmanyunits GUEST BIOJ. Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units. When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much.Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)-- -and-counting short-term rental business from scratch — which he still owns, grows, and operates — and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. Now he’s built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events. CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Investing For Good Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H). --Thanks for listening, and until next time, keep investing for good!

The Flip Talk Podcast with Don Costa
Short Term Rentals and Cash Flow with J Massey

The Flip Talk Podcast with Don Costa

Play Episode Listen Later Jul 22, 2020 42:22


    J Massey is the CEO of Cashflow Diary, a short-term rental hospitality training company. Their goal is to enable individuals in building their own short-term rental business, so they can achieve financial freedom. He is the host of the Cashflow Diary podcast, where he interviews industry experts as well as provides educational content to his listeners. J. also created a property calculator to help users determine how many units they need to build long-term passive income.   In today's episode, my friend Mike Cowper interviews J. about building passive income and short-term rentals. J. shares the challenges that led him to become an investor, why he prefers wholesaling over fix and flip, and why he started Cashflow Diary. He discusses the benefits of being community-oriented as an entrepreneur and as a company. J. also shares advice for newcomers who want to use real estate as a passive source of income.       "Once you know who it is you want to serve, all you've got to do is think about what they like." - J Massey       On Today's Episode of Flip Talk:   What motivated J. to become a real estate investor. How J. helped his community by owning a real estate business. Why he focused on wholesaling instead of fix and flip. How you can have a long-term mindset, even with small earnings. What J. believes newcomers should do to transition to building passive-income. The easiest way to raise capital when you're starting out. Why the easiest market to serve are the people you can relate to.     Connect with J Massey:   Cashflow Diary Cash Flow Diary Podcast Calculator         Rate, Review, Learn and Share   Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other shows: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.   Join the community of FlipTalk fans on Facebook, YouTube,  and visit our website for even more content, information, and resources about real estate investing.          

Flip Talk Rookie Playbook
Short Term Rentals and Cash Flow with J Massey

Flip Talk Rookie Playbook

Play Episode Listen Later Jul 22, 2020 42:25


    J Massey is the CEO of Cashflow Diary, a short-term rental hospitality training company. Their goal is to enable individuals in building their own short-term rental business, so they can achieve financial freedom. He is the host of the Cashflow Diary podcast, where he interviews industry experts as well as provides educational content to his listeners. J. also created a property calculator to help users determine how many units they need to build long-term passive income.   In today's episode, my friend Mike Cowper interviews J. about building passive income and short-term rentals. J. shares the challenges that led him to become an investor, why he prefers wholesaling over fix and flip, and why he started Cashflow Diary. He discusses the benefits of being community-oriented as an entrepreneur and as a company. J. also shares advice for newcomers who want to use real estate as a passive source of income.       "Once you know who it is you want to serve, all you've got to do is think about what they like." - J Massey       On Today's Episode of Flip Talk:   What motivated J. to become a real estate investor. How J. helped his community by owning a real estate business. Why he focused on wholesaling instead of fix and flip. How you can have a long-term mindset, even with small earnings. What J. believes newcomers should do to transition to building passive-income. The easiest way to raise capital when you're starting out. Why the easiest market to serve are the people you can relate to.     Connect with J Massey:   Cashflow Diary Cash Flow Diary Podcast Calculator         Rate, Review, Learn and Share   Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other shows: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.   Join the community of FlipTalk fans on Facebook, YouTube,  and visit our website for even more content, information, and resources about real estate investing.          

The Flip Talk Podcast with Don Costa
Short Term Rentals and Cash Flow with J Massey

The Flip Talk Podcast with Don Costa

Play Episode Listen Later Jul 22, 2020 42:25


J Massey is the CEO of Cashflow Diary, a short-term rental hospitality training company. Their goal is to enable individuals in building their own short-term rental business, so they can achieve financial freedom. He is the host of the Cashflow Diary podcast, where he interviews industry experts as well as provides educational content to his listeners. J. also created a property calculator to help users determine how many units they need to build long-term passive income. In today's episode, my friend Mike Cowper interviews J. about building passive income and short-term rentals. J. shares the challenges that led him to become an investor, why he prefers wholesaling over fix and flip, and why he started Cashflow Diary. He discusses the benefits of being community-oriented as an entrepreneur and as a company. J. also shares advice for newcomers who want to use real estate as a passive source of income. "Once you know who it is you want to serve, all you've got to do is think about what they like." - J Massey On Today's Episode of Flip Talk: Connect with J Massey: Rate, Review, Learn and Share Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other shows: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of FlipTalk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.

We Love Equity Real Estate Show
398 Credit Score, Squatting, & Repossession to Massive Cashflow

We Love Equity Real Estate Show

Play Episode Listen Later Jun 29, 2020 66:03


How Necessity Created Massive Cashflow w/ J. Massey J. Massey is the CEO & Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much. Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)- and-counting short-term rental business from scratch which he still owns, grows and operates and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. On Today's episode, If you want to learn about his strategies and know more about J. Massey on his success on real estate watch to this full video!   Show Notes: 3:30 Real Estate was born from the need 4:30 Needing a source of income without a job 10:12 With a credit score of 398 real estates is still possible 11:30 How comfort kills dreams and pride was too expensive 12:40 Move at the speed of instructions 15:08 Secret to business is learning how to create value 18:00 Action over analysis 19:30 The importance of the next step 27:40 Here’s where the opportunity lies 30:00 Transition to raising capital 32:15 Problems made J. scale 33:55 Raising capital through solving problems 37:00 Short term rentals Connect to J. Massey Cashflowdiary.com/howmanyunits Facebook.com/cashflowdiary Cashflowdiary.com Cash Flow Diary Podcast Book/Resources Request: Fail Fast Often https://amzn.to/2B92BED ---------------------------------------------------- Thanks for watching this episode! Don't forget to like the video, share it with a friend and subscribe for new videos every week! We also have a strategy session that will award you the opportunity to take the guesswork out of real estate wholesaling and investing at "We Love Equity Real Estate Show" INTERESTED? JOIN US - http://weloveequityrealestateshow.libsyn.com   FREEBIES: GET YOUR 15 Minutes Free Consultation: https://www.marcusemaloney.com/freeconsultationregistration Purchase Contract: https://www.marcusemaloney.com/wholesale-purchase-contract Assignment Agreement Link: https://www.marcusemaloney.com/assignment-agreement 15 Questions to validate your seller: https://www.marcusemaloney.com/15-questions-to-validate-your-seller JOIN OUR CONVERSATIONS: Facebook: https://bit.ly/33QPmkQ Facebook group: https://bit.ly/32Y5C2s Twitter: https://bit.ly/2qXaRlD Instagram: https://bit.ly/2pmwdZ2 Linkedin: https://bit.ly/2rKRJre Website: https://marcusemaloney.com Also find the show on Feedspot: https://bit.ly/2UfjxiZ Enjoy the Real Estate Journey!

The Money Advantage Podcast
Short-Term Rentals, with J. Massey

The Money Advantage Podcast

Play Episode Listen Later Jun 8, 2020 63:08


https://www.youtube.com/watch?v=5iloY--jnx4 Do you want to find out how to use short-term rentals to create cash flow right now? Today, we're talking with J. Massey, CEO and Founder of Cashflow Diary, about how he built a 34-unit-and-counting short-term rental business from scratch. So if you want to know why short-term rentals are the perfect fit for today's economic landscape, find out if they will work in your location, and how to get started, so you can start generating cash flow today, tune in now! In this episode, you'll discover: Why short-term rentals are the "gateway drug" for real estate investing.How you can leverage short-term rentals without owning property.How short-term rentals give you the opportunity to get your investment back in cash flow within 10 - 18 months.The one and only thing you need before you can start a short-term rental business.How to build a recession-proof business and scale by developing multiple points of distribution.How to involve your kids in reaching business goals to transfer the one skill they need to be successful. Who Is J. Massey? J. is an expert in short-term rentals, who we're bringing back on the show for a second time. Check out his first interview about Creating Cash Flow with Real Estate here. His accomplishments include: CEO and Founder of Cash Flow Diary, a training and development brand for building short-term rental entrepreneurs.Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investment training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units.When one of his students asked him what he knew about the world of short-term rentals, the answer was, not very much.Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit (46 bedrooms)-and-counting short-term rental business from scratch - which he still owns, grows, and operates - and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs.Now he's built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events. Get Started with Short-Term Rentals Find out how you can fast track your cash flow goals at cashflowdiary.com/howmanyunits. Or learn more about J. Massey and Cashflow Diary at cashflowdiary.com. Find Out Your Next Step to Time and Money Freedom To secure a bunker to build investment capital that will magnify your investment returns, start your Privatized Banking System today. By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking is the most powerful storage tank for your cash, PLUS it boosts investment returns without taking on more risk. If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, if you like these conversations about building time and money freedom, please rate and review our show on Apple Podcasts to help more people like you find our show.  Thanks for listening!

Real Life Real Equity Podcast
Episode 85 Fail Fast, Fail Forward, Fail Frequently with Special Guest J. Massey

Real Life Real Equity Podcast

Play Episode Listen Later May 19, 2020 38:48


J. Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units. When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much. Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)-and-counting short-term rental business from scratch — which he still owns, grows, and operates — and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. Now he’s built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events. Want to stay on top of all of our featured books? Try Audible 30-Days Free and start listening to great books like Cashflow Quadrant by Robert Kiyosaki. Join Now!

Opt Out Life
J. Massey - Fail Fast, Fail Forward, and Fail Frequently

Opt Out Life

Play Episode Listen Later May 7, 2020 48:06


Our guest today is J Massey. J is a real estate investor, Podcast Host, and the CEO and Founder of Cashflow Diary, a short-term rental hospitality training company, where he shows people how to build their own short-term rental business from scratch. Listen along as J shares some cool angles on how you can still leverage vacation rentals amid the COVID-19 crisis, and learn about his incredible Opt Out journey, a story of personal success that will inspire you. More at optoutlife.com/podcast/j-massey/

Epic Real Estate Investing
Short Term Rentals B.C. (Before Covid) | J. Massey | 1004

Epic Real Estate Investing

Play Episode Listen Later Apr 29, 2020 38:09


In today’s episode, Matt is joined with his brother from another mother, J. Massey, a real estate expert and the host of the Cash Flow Diary podcast! Matt and J. discuss how the current situation impacts short-term rentals and how you can re-purpose them to fit the needs of the shifting market. Tune in and find out how!

Easy Prey
Short Term Rental Scams with J. Massey

Easy Prey

Play Episode Listen Later Mar 25, 2020 41:45


Many of us love traveling, but safety and security are usually a concern in the back of our minds especially if we are traveling with our family.  So how do we stay safe and secure when we are traveling? J. teaches us what red flags to look for when reserving and staying with Airbnb. With a few extra steps any problem can often be prevented and in turn, keep you safer and more secure.  If you have thought about operating your own Airbnb tune in to find out what you need to be on the lookout for, how to be a responsive host and tools that J. offers to help you succeed.   Massey is a full-time Real Estate Investor, Entrepreneur, Popular Podcast Host, Author, Speaker, Coach & All-Around Problem Solver. Cashflow Diary is a short-term rental hospitality training company. We show people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially. Heralded as the most advanced short-term rental training in the industry, Cashflow Diary enjoys creating content and communities that are solely focused on developing individuals into powerful business owners. Founded by J. Massey, Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, he believes that running a hospitality business will change people’s lives… Prior to entering the sharing economy, J. taught real estate strategies based on his years of experience. He owned hundreds of units, raised tens of millions of dollars, and even owned cell phone towers. He was all but “retired” at the age of 38 when one of his students asked what he knew about short-term rentals – the answer at the time was, “not very much.” He started looking into the model and was astounded at the opportunities it presented. J. now runs a 34 unit short-term rental business, and they create more profit faster than any other strategy he has seen before. That means that you too will now have a business that creates more profits to invest into whatever is most important to you—your family, your business, your future, and your community. The bottom line is that because short-term rental businesses provide a financial safety net, you can take more risks, develop advanced business skills, and do more of what you’re passionate about. Show Notes: [00:35] - Chris shares an article from Allie Conti about her Airbnb problems and struggles.  [03:06] - As Allie digs into this particular host and their listings she finds out that this listing is actually being rented out by multiple people.   [04:18] - Common scams the renter is at risk of with Airbnb. [04:38] - If you don’t know what you don’t know you wouldn’t know that you have an opportunity to discover this ahead of time.   [05:05] - The number one concern of people is safety and security.   [06:59] - Message the host right after the check out time the day you plan to arrive so they have a chance to respond to your inquiry.  Tell them when you are planning to arrive and ask if everything will be ready for your arrival.  [07:37] - If you don’t get a response then you would call and involve Airbnb directly.  [10:00] - Usually if you contact the renter by 12:30 PM they will know if something needs to be replaced or if they need longer for a maintenance issue.    [11:09] - Hosts that are less communicative and responsive to their listings get pushed down in the search results.  Those who are more responsive are more likely to have their search results near the top.   [11:39] - Keep your conversations inside the Airbnb platform.  [14:20] - If the host needs to move you ask for a link to the listing.  It needs to be on the Airbnb platform that you made your original reservation on.  Then you can verify it with Airbnb.    [16:44] - Most plumbing issues can not be resolved in one day.   [17:39] - Every listing can have a unique cancellation policy.   [20:20] - On the operators’ side there is a predictable pattern to those who have less than honest intentions.   [21:33] - If the property is substantially different when you arrive, you have to document the differences with pictures and videos and contact Airbnb.  [23:08] - If you know your arrival time is late all these preventive measures are extremely important before the cutoff time which is usually around 10 PM.  [23:43] - Read the listings. Don’t just look at the photos.   [24:21] - If you are suspicious of a place take a screenshot of any of the photos and do a Google image search.  It will tell you if the image is used frequently.   [26:57] - The biggest abuse for operators is with pet situations, but often they could suggest a better location for you and your pet.   [27:56] - Hosts need to know how many people are actually staying on the property for safety and security purposes.  [30:48] - Hosts know what bed bugs look like.  Renters will try to submit blurry photos of insects.   [33:39] - It is very common to say I couldn’t get in or I never stayed at a property.  Then the operator has to prove you stayed there with electronic door locks, key codes and other expert features.   [34:14] - If hosts know how to do proper screening checks on the front end most everything is preventable.   [37:02] - If you calculate the dollar per night per square foot of your hotel room, you will see how much you are paying for how little you are getting in exchange.  [37:31] When you choose to stay at a hotel you are choosing to eat out which is an additional cost.  [38:04] With Airbnb properties you often have a full kitchen or at least a kitchenette.   [39:27] The demand for a different experience is high.   [40:11]  J. has a tool on his website to figure out how many units you need to have to retire.  Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.  Links and Resources: Podcast Web Page Facebook Page whatismyipaddress.com Easy Prey on Instagram Easy Prey on Twitter Easy Prey on LinkedIn Easy Prey on YouTube Easy Prey on Pinterest Cashflow Diary Website Cashflow Diary Podcast J. Massey on Facebook J. Massey on LinkedIn J. Massey on Twitter J. Massey on Pinterest J. Massey on YouTube Allie Conti’s Article How Many Units do You Need to Retire

EGGS - The podcast
Eggs 147: J. Massey - Author and Speaker at CashflowDiary.com

EGGS - The podcast

Play Episode Listen Later Mar 12, 2020 72:47


This week on Eggs, we have special guest J. Massey. J. is an author, speaker, and coach who teaches those he encounters how to build a short-term investment business by way of his amazing rags-to-riches story. On the show, he talks with Ryan and Mike about his experience from nearly living on the streets to developing a multi-million dollar business. As he tells his story he shares useful, actionable insights, and goes deep sharing with listeners practical information that they can apply in their own lives to build something from nothing in the short-term rental real estate market. We had a wonderful conversation, learned a lot—and you will too. Take a listen, then rate, like, share and subscribe! Our Guest:J. Masseyhttps://cashflowdiary.com/ Credits:Hosted by Michael Smith and Ryan RoghaarProduced by Michael SmithTheme music: "Perfect Day" by OPMThe Carton:https://medium.com/the-carton-by-eggsFeature with Zack Chmeis of Straight Method up now! https://medium.com/the-carton-by-eggs/zack-chmeis-35dae817ac28The Eggs Podcast Spotify playlist:bit.ly/eggstunesThe Plugs:The Showeggscast.com@eggshow on twitter and instagramOn iTunes: itun.es/i6dX3pCOn Stitcher: bit.ly/eggs_on_stitcherAlso available on Google Play Music!Mike "DJ Ontic" shows and infodjontic.com@djontic on twitterRyan Roghaarhttp://ryanroghaar.com

Cashflow Diary™
How Much Money Can I Make With Short Term Rentals?

Cashflow Diary™

Play Episode Listen Later Mar 5, 2020 45:28


We’re exploring the question that almost everybody considering short term rentals asks, how much money can you make with a short term rental unit? The answer may surprise you. We’ve also got a recent Roadmap student on the line to tell us about their experience in securing their very first units, and yes, that’s plural, as in multiple units their very first deal.   The Cashflow Diary Roadmap   J and the Cashflow Diary are dedicated to providing hands on and direct training to students that want to create their own six and seven figure short term rental businesses.  Members get access to hundreds of hours of content covering every aspect of building a short term rental business including cash flow, negotiations, operations, lead generation, seller financing, and more. Everything you need to develop the skills you need to become the bravest entrepreneur you can be. The content is one thing, but knowledge alone isn’t going to get you to your goals. That’s why the program is designed with hands on training and accountability built in, training that shows you how to use expert tools expertly. As Roadmap members you get access to every course and training J has produced over the last several years, some of which people have paid upwards of $5000 for, but you also get assigned a dedicated accountability to make it all happen. They will take you on a 12 month transformational journey through all three phases of the short term rental business, holding your hand each step of the way. Members are also the first people who will get access to the Cashflow Diary app which will tie everything together. The app will connect the content and the community in a way that we’ve never been able to do before. When it comes to short term rentals, things change every 90 to 120 days. Your customers will change, there are high and low seasons, and there’s always something new to learn. This is why the accountability coach is so important, they will make sure that you stick to the plan and hold you to accomplishing your goals.   When I got started I set a goal of getting 10 units a year, and have had some interesting interactions with landlords so far and I may have to reevaluate my goals.   This caller just started their entrepreneurial journey and ran into a little opposition right off the bat, but that quickly turned into an opportunity to pick up 3 units right now, with the potential to pick up an additional 40. He used the scripts exactly as provided by the training program to get to his first game changing yes. In doing the research for his area in preparation of setting up his business he found that the other short term rental operators are barely putting in any effort at all. After having some conversations with people, he was asked to join a local BNI group and speak on what he’s doing with short term rentals and has been generating a lot of excitement around the whole idea.   How much money can I make with short term rentals?   Go to rentometer.com and enter in whatever address you think may be a good spot to open up a short term rental unit. Whatever the rent number that comes up, multiply that number by 2. That’s a conservative number for the rest of your calculations.  A good rule of thumb is that you can expect to earn around $800 per bedroom each month. You do have to keep in mind however that your firs

The Level Up REI Podcast
Scaling A Short-Term Rentals Business With The Cash Flow King, J. Massey

The Level Up REI Podcast

Play Episode Listen Later Feb 24, 2020 44:15


Setting up a successful business requires building a good team and processes. This is especially true and essential in the business of short term rentals that undoubtedly comes with a lot of moving parts. Managing a quick and efficient turn on your properties enables it to get back on the market to keep working for you and providing exceptional value and customer service for your guests. On this episode serial real estate entrepreneur, Cash Flow King and the CEO and Founder of Cashflow Diary, J. Massey, discusses with Lisa Hylton the importance of playing the infamous Cash Flow Game by Robert Kiyosaki and building multiple businesses in the real estate industry including his current venture short term rentals and how this strategy can provide extensive cash flow for investors!Love the show? Subscribe, rate, review, and share!Here's How »Join The Level Up REI Podcast Community today:lisahylton.comTwitterInstagramFacebookLinkedInYouTube

Cashflow Diary™
Short Term Rental Math and Your Magic Number

Cashflow Diary™

Play Episode Listen Later Feb 24, 2020 144:59


How would it feel to earn an entire year’s salary in only one month? When you understand the power of a short term rental business and crunch the numbers involved, the path becomes clear. J is going to break down everything you need to know about your Magic Number and how the Cashflow Diary Roadmap can help you achieve your business goals.   If your short term rental business magically tripled overnight, how much more time would you have to spend running your business?    If your answer is anything other than 0 extra time to deliver your service, you’re not operating as efficiently as you could. You’re not earning the highest revenue, or your expenses are higher than they need to be, or you’re investing too much of your time into delivering the service. With the right systems in place, you will be able to deliver more value to the marketplace without having to spend more time doing it. If the thought of your business tripling in 24 hours causes you anxiety around a particular area, that’s where the broken system is.  The more systems you implement the more reliable and consistent your business becomes.   Your Magic Number    Math equals money. The one way you can measure how much money one unit can make compared to another is a metric called Revenue Per Available Room, also known as RevPar. To calculate your RevPar, you take your average daily rate and multiply it by your occupancy. This gives you a metric that tells you how much you’ve earned per day, per room. The occupancy rate for the entire hotel industry in 2019 was only 66.1%. The average daily rate for those hotels was $138.21 per stay. The average Revenue Per Available Room for hotels in 2019 is $86.76. The average customer review score for those same hotels was 80% with Marriott and Wyndham being tied for first place since 2008.  To compare, J’s numbers for 2019 was an occupancy rate of 70.17%, an average daily rate of $128.34, a RevPar of $90.26, and average customer review score of 92.55%. Think of all the things that you believe are holding you back, now imagine what would happen if all those obstacles were gone tomorrow. How many units would you have by the end of the year with nothing in your way? Take that number of units and run the numbers, multiply by both the average hotel RevPar and J’s RevPar and that will give you a range that will tell you exactly how much money you could make every day if you accomplished your goals. Multiply that number by 365 to get your earnings per year. You can also break that number down even further and determine how much of an opportunity cost you’re paying each and every hour that you let those obstacles hold you back.   The Cashflow Diary Roadmap   J and the Cashflow Diary are dedicated to providing hands on and direct training to students that want to create their own six and seven figure short term rental bu

Live Let Thrive (airbnb life, shareconomy, real estate, innovation)
Episode 114: Building a REAL Airbnb Business w/ the famous J. Massey!

Live Let Thrive (airbnb life, shareconomy, real estate, innovation)

Play Episode Listen Later Feb 18, 2020 93:25


This week we interview the great Jermaine Massey from The Cash Flow Diary. Jermaine shares his story going from broke with a 350 credit score to being a successful real estate investor then pivoting again to creat a multi-million dollar Airbnb business. If you are looking to get started with short term rentals J will definitely get you from point A to point Z! J's info: How many units do I need to retire? https://cashflowdiary.outgrow.us/how-... Holler at Steve and Myka! www.liveletthrive.com liveletthrive@gmail.com 469-530-0239 (KEEP THE QUESTIONS COMING!) IG: @liveletthrive FB: https://www.facebook.com/LiveLetThrive/ Join our Fan Group: https://www.facebook.com/groups/18642... Myka's Info: FB: https://www.facebook.com/myka.a.artis IG: @sharebednbreakfast IG: @mykaartis Airbnb listings: sharebnblistings.com littlerockairbnb.com http://sharebnb.com/where-are-you-hea... Myka's Consulting: http://sharebnb.com/timeshare-arbitra... Steve's Listing & info: www.SLfamilyRentals.com www.airbnb.com/users/show/2547... www.facebook.com/stevenche (ADD ME!) cell: 817-566-4777 (send me a shout!) Steve and Lupita on Island Life HGTV!!! www.hgtv.com/shows/island-life... PICK STOCKS WITH STEVE! share.robinhood.com/stevens2838 Mahogany Fitt's info: www.facebook.com/Mahoganyfitt/

Cashflow Diary™
Cashflow Diary Roadmap Q&A

Cashflow Diary™

Play Episode Listen Later Feb 17, 2020 55:21


Get the lowdown on the Cashflow Diary Roadmap program and how the program has been designed to get students to six and seven figure businesses as quickly as possible. Find out what makes the Cashflow Diary Roadmap different and how becoming a student in the next enrolment period could completely transform your life.   What is the difference between what’s offered to Cashflow Diary Roadmap students versus traditional students?    Cashflow Diary Roadmap students are the first to take advantage of the new Cashflow Diary app, a one stop location for training materials, networking opportunities, and additional features like a vendor marketplace. The app also allows us to bring on subject matter experts to provide help with specific areas. The app also connects Roadmap students to their accountability coach in a real time format.  There are also a number of assessments that your accountability coach will help you get through, all of them designed to help you become a bigger, better, badder entrepreneur and keep you on track. You will have access to a monthly 45 minute coaching call and additional tracking tools to keep you on target. Cashflow Diary Roadmap students also get access to 3 weekly training calls that cover topics and tactics that we wouldn’t otherwise be able to do. Everything in the Roadmap is centered around facilitating the transformation necessary to create six and seven figure businesses.   Who are the accountability coaches?   Each accountability coach is someone who has accomplished the things we are helping Roadmap students achieve. They have proven they have mastered the same material you will be studying as a Cashflow Diary Roadmap student. The whole point of the accountability coaches is to provide real time help for the students and eliminate what they perceive as roadblocks that are preventing them from moving forward.   Does the Roadmap focus on a particular market?   There is no one market that the Cashflow Diary Roadmap focuses on, but for the more exotic use cases of short term rentals there will be either additional training or resources made available for them.   Will you be discontinuing the Q&A’s?   The short answer is no, but where they are done and how they are done is changing. They are only going to be made available to members only. The previous format came with a lot of restrictions that prevented it from really solving the problems we are looking to solve. By changing the format we will be able to better serve the members and help them advance in towards their goals.   Will there be a Facebook presence after this transfer?   There will be a presence on Facebook, it will be focused on the other group. We will be doing more free training for members of that group but our primary focus will be on working with existing Roadmap students. The challenging thing with Facebook is disseminating information because Facebook gets to determine who sees what, which can make things difficult. The Roadmap is our effort in providing a solution to that problem. All the recommendations we have made in the program are tailored to help you get results as fast as possible without getting distracted by the next shiny new object.   What is the opportunity cost

Cashflow Diary™
Why Short Term Rentals?

Cashflow Diary™

Play Episode Listen Later Feb 6, 2020 85:53


When you understand the “why?” behind your business, it can often help you with the “how?” of your business. In this episode of the podcast J reveals the story of how he came to realize that short term rentals are perhaps the greatest opportunity for people getting into real estate investing in a very long time, but also why the window to take advantage of that opportunity is closing a little bit every single day.     The Power of Real Estate    Prior to getting into real estate, J and his wife went through some incredibly difficult times personally. His wife was unable to eat or drink due to a condition she developed while pregnant, and J suffered an injury where he punctured his lung which prevented him from walking and talking at the same time. His back was against the wall with no money and a terrible credit score, and that was when a friend recommended he look into real estate investing. At that point J’s best ideas are what got him into that position, which is something you should consider as well. Wherever you are now, your best ideas got you to where you are. It wasn’t until J left his comfort zone and stopped pretending that everything was alright that things started to change. J started doing what he was being asked to do and after closing his first transaction in June of 2008, he realized that his beliefs around money were holding him back and preventing him from seeing the opportunity that was around him.   You can play any game if you are taught the rules, and real estate is no different. Once J got started, everything snowballed and accumulated and in the course of the next 12 months his life was completely changed. His business eventually developed into buying apartments and multifamily units, billboards, cell towers, and other types of property all over the United States, all along the way he fine tuned the systems that allowed him to scale. As great as that success is, J wasn’t satisfied. J started thinking about how he could make more of a difference in the world which lead him to create the Cashflow Diary and started helping other people with their own entrepreneurial journey. It was actually one of those people that introduced him to short term rentals. One of the interesting things about real estate is that it’s a great way to build wealth, but a horrible way to build income. A lot of landlords lose money on long term rentals for quite a while. Short term rentals are a response to the change in consumer habits and change the way we look at real estate. Short term rentals have been around for a long time, but what is new about the industry is the impact that technology is having on it. Technology is transforming everything about real estate and the short term rental industry is leading the way.   Planning For The Future   The rules of money have changed and most of us were never taught them in the first place. People are finding out the hard way that social security is more like social insecurity and their 401(k) isn’t going to last as long as they thought it was going to. We all must have a way to produce income not only when we are awake, but passively as well. Inflation and tax increases are coming in the future, and we need a way to protect ourselves from that.  For most people, their first transaction is real estate is about taking on a massive obligation with almost no experience, but one of the game changing realizations with short term rentals

Cashflow Diary™
The Cashflow Diary Story with Brett Swarts

Cashflow Diary™

Play Episode Listen Later Jan 27, 2020 63:59


J Massey was the featured guest on the Capital Gains Tax Solutions podcast with Brett Swarts recently and they talked about everything from how J got started in real estate investing, to key short term rental strategies, growth mindset, the Cashflow Diary, and more. Questions and Answers What is your background and what’s your current focus?  J started out from a very difficult situation in life. J’s wife has a condition that when she’s pregnant she can’t eat or drink, and at the same time as her pregnancy J had a punctured lung and brutal asthma. The challenge was that neither of them could earn income by going to work so they needed to find a solution. A friend recommended that he look into real estate investing so with literally no money and terrible credit J began wholesaling properties.  After being introduced to taxes, J started keeping the properties and that developed into a portfolio that included single family houses, mortgages, and cell phone towers. Eventually people started asking how he’d been able to achieve all of that, so J began teaching others how to do the same thing. One of J’s students introduced him to the idea of short term rentals, and three years ago J switched his focus to teaching people how to create their own short term rental business. What is your super power and how does it shape how you help others today? J grew up as a military kid outside of the States and growing up overseas has given him the ability to adapt to new situations very quickly. J is autistic and has ADHD and he considers those his super powers as they help him connect the dots and learn new things surprisingly fast. It’s also a gift being able to share that information and help other people as well. How did you transfer the idea of a weakness into a strength? Being able to provide for your family is great but when that’s accomplished there’s not much else to do. At the age of 38, J found himself functionally retired and with nothing to do until one person came to him and asked to learn everything he knew. In the process of teaching this person the skills of real estate investing, both J and the other person went through incredible transformations. He realized how fulfilling and valuable it is to help other people achieve their dreams and that ultimately put him on his current path. Does your approach to life filter into your basketball game? J judges his success in a basketball game by the number of rebounds and blocks he made, the things that enable someone else to be able to be great. Setting the example of helping other people is very important to J. In many ways, entrepreneurs can be some of the most selfless individuals and since they are so connected to so many different people, they have the ability to make fundamental positive changes to their communities. Walk us through the tactical parts of what you do and how you help people create more wealth. One of the things that people rarely tell you is that owning real estate long term is a great way to build wealth but horrible for building income. Income doesn’t materialize until the debt servicing is complete. When J had 450 units, there was always something to repair and something to do, so they started looking for ways to increase income and reduce the work. This is where short term rental units come into the picture. Short term rentals have a number of advantages to the user compared to a traditional hotel room th

Rock The Podcast
Client Feature: J. Massey, Short-term Rentals Expert

Rock The Podcast

Play Episode Listen Later Jan 2, 2020 36:05


In this episode of Rock the Podcast, we feature an interview with our client, J. Massey! J. Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units. When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much.    Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)-and-counting short-term rental business from scratch — which he still owns, grows, and operates — and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. Now he’s built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events.   Jessica and J talk about the moment he decided to focus on short-term rentals as a real estate investing strategy, and what the impact of his message has been as a podcast host and guest expert.   Want to learn about short-term rentals from J? Visit http://cashflowdiary.com/star!    Register for our next Podcast Guesting Masterclass now at https://interviewconnections.com/masterclass

Cashflow Diary™
Introducing The Instant Book Special Q&A

Cashflow Diary™

Play Episode Listen Later Nov 21, 2019 72:44


Get unstuck and get one step closer to making short term rental real estate a real thing for you. Get answers to your questions so that you can keep moving forward towards your financial and business goals.  Questions and Answers   We are entering into the slower winter season, what additional things can we give to our guests so they book with us over others?    The first time experiencing a slow season can be a challenge. The caller has been leveraging his membership with his local BNI group which is a great place to start. Another potential avenue is to connect with the travel agent in the group and ask them about working together. It’s possible to start generating instant book specials that allows you to acquire a guest at your advertised rate while also creating a referral for the travel agent.   How would you pitch to a BNI group?   It takes a while to get any sort of response from a BNI group because their reputations on the line. As you build your relationships in that group you want to focus on creating a power team, where each individual has different strengths.  Think about your centers of influence, like doctor’s offices that are members of the BNI group and start building those relationships.   How do you deal with a secured building?   There is a module is the Mastermind Course that members of Cashflow Diary can access that helps with this issue. The key question to ask is “if I order food, how does the food delivery guy get to the front door?”. Whatever the process is, that’s how your guest will access the unit.   How can we have properties in a state that we are not even in?   To have a property all you need is a lease, so it doesn’t matter where you are located. If you run the system properly, it only takes around an hour a day of your personal time to manage your business. If you have to do everything yourself, you don’t really have a business, you have a job. With the short term rental model the business is completely location independent. That being said, start where you live.   How would you offer the instant book special on the platform?   You would simply change up the title and description of your listing to describe what your extra offerings are. It’s also possible to set up an automatic sequence that connects the guest to your offering once they make a reservation and then sets up the connection with the travel agent as well.   How soon should I be negotiating for first right of refusal for a property?   Since the caller is willing to purchase the remainder of the units in a multifamily property, it should be very simple to ask the landlord for the first right of refusal if at some point in the future they consider selling. Now’s as good a time as any to start negotiating.   What are your feelings about incorporating in another state?   This is not legal advice, but since the person resides in California incorporating in another state may save them some costs. They should consult an attorney.   What are some ways to identify the city and zip codes near me so I will be profitable?   Rather than focusing on the money, think about the perso

Cashflow Diary™
October 2019 Q & A #5: How Long Does It Take To Get Started In Short Term Rentals

Cashflow Diary™

Play Episode Listen Later Oct 18, 2019 92:50


Questions and Answers   Does AirBnB work the same globally?    The idea is the same, but some of the functions will be different. For example, payment systems will be different depending on the country you live in. Same with cleaning services. The basic idea of offering someone a place to stay in exchange for a fee is the same.   I have a landlord concerned with a privacy issue regarding a camera on the door, what should I do?   Since the unit already has cameras pointed at the hall in the building, there shouldn’t be any issues. The important legal idea is where there is an expectation of privacy you can’t place a camera, but that doesn’t apply in this case. You would just be adding what is essentially another security camera to a hall that already has them. From a privacy standpoint, having a doorbell camera pointed at another unit’s door can be a problem since the camera could potentially see into the other unit when the door is open. This could lead to complaints from the other tenant which is why J tries to avoid those kinds of units. If you can control both sides of the hallway, that removes the issue so that’s a good strategy if you can swing it.   How long does it take to get started in short term rentals?   This is a hard question to answer because of all the variables involved. Some markets are more difficult than others, but in general for most people it won’t take too long to get started. Cashflow Diary students get a big advantage because they get the knowledge to select the best properties for their business, so they can earn the most money and continue growing. Having had the privilege of teaching a variety of real estate strategies, short term rentals is the one that has allowed people to learn the most the fastest and get their business up in running very quickly. It is possible to go from lease signing to operation in 72 hours if you have the systems in place.   Can you talk about your process for finding and training cleaners?   Finding the right cleaners is a big piece of the puzzle. Ideally you don’t go looking for cleaners, you make them find you. One way to find a cleaner is to make a reservation at a short term rental you don’t own, and when the check out happens just wait until the cleaner shows up. Another method is to join your local BNI, because that organization is referral based and a cleaner is likely to already be vetted by the person referring them. Chances are you will have to work with a few different cleaning companies before you find one you can rely on.   How do you recommend I leverage the leads I’m getting from a real estate broker with other local businesses?   It’s a great idea to try to leverage your existing leads with other local businesses, but it really depends on the size of your business. The simplest way is to just go into the store and tell them who you are and what you do. If you can show them that you can help lower their customer acquisition cost, you’re set.   When is a good time to start a new unit?   It’s always a good time to start a new unit. When you start a unit into the low season you are building up a profile so that in the high season you will have enough reviews to maximize your profits in the high

Sell or Die with Jeffrey Gitomer and Jennifer Gluckow

You can't ONLY give value, you have to make a sale at some point. But when do you make the transition from value giver to order taker?That was the question posed by J. Massey on an episode of his podcast Cashflow Diary.  Jeffrey joined to discuss his book Truthful Living: The First Writings of Napoleon Hill. He also discusses the five words that define someone's ability to be successful. FREE EBOOK: Jeffrey's Little E-Book of How to Listen Listen up! We have a new free ebook offer for our Diehards. Blah, blah, blah...is that all your prospects seem to say when they're telling you why they ain't buying what you're selling? Then you've got a real problem on your hands: you SUCK at listening! Get better and get more deals with this free e-book. Join our Exclusive Sell or Die Facebook Group, where our members are already discussing the latest episode. Submit your sales question and we will answer it on the show!  NEW BOOK! Order your copy of Jeffrey's new book Sales Manifesto TODAY! Imperative actions you need to take and master to dominate your competition and win for yourself...for the next decade.

Sell or Die with Jeffrey Gitomer and Jennifer Gluckow
Selling With Credit On Empty With J. Massey

Sell or Die with Jeffrey Gitomer and Jennifer Gluckow

Play Episode Listen Later Jan 10, 2019 41:35


Are you lagging behind in your sales already? Do you feel hopeless already? Our guest expert this week is J. Massey, host of the Cash Flow Diary podcast can help you get out of the hole. Massey, started his real estate success with little more than a few dollars and a 398 credit score. His story of determination and take no prisoners mentality can inspire you to keep going, no matter how dire your situation.   This episode is brought to you by, The Why and The Buy, hosted by Jeff Bajorek and Christie Walters. They interview entrepreneurs and sales experts to find out the why behind their success. Listen on Apple Podcasts or wherever you get your podcasts.   On today's show... 2:38 - Where J. Massey got his start 5:28 - Starting a real estate empire with no money and no credit 10:56 - " If you're doing traditional real estate, and hear me clearly when I say this, you are in the sales game." - J. Massey 15:12- The quality of relationships are key 20:03 - Getting your first deed with a 398 credit score. 26:46 -" if you were hungry and you needed to go to the grocery store and encountered one red light, would you turn around and go home and say, oh, well I guess I don't get to eat today?" 29:23 - You make your own check 33:43 - Are people actually trained to recognize opportunity?  More on today's guest J. is currently a landlord, lender, consultant, educator and highly sought mentor. He currently owns hundreds of units of properties and has completed hundreds more real estate transactions across several states. He is a member of the National Sales Network, Renatus and Toastmaster's International (CC). J. holds more than 12 awards for public speaking including 2nd Place in the 2008 Founders District International Speech Contest, 1st place in the 2009 Founders District Table Topics, and 2nd place in the 2010 Founders District International Speech and Table Topics contests. Join our Exclusive Sell or Die Facebook Group, where our members are already discussing the latest episode. Submit your sales question and we will answer it on the show!   Need more sales help? Jeffrey's website: https://gitomer.com Jennifer's website: https://salesinanyminute.com Subscribe to the Gitomer Learning Academy: https://go.gitomer.com/gitomer-learning-academy   NEW BOOK Order your copy of Jeffrey's new book Sales Manifesto TODAY! Imperative actions you need to take and master to dominate your competition and win for yourself...for the next decade.   SEE JEFFREY LIVE It's time to skill-up. Learn from Jeffrey Gitomer, the King of Sales. He'll be giving a seminar in a city near you. Be there!

12 Houses To Freedom
#87 - Why Short Term Rentals Are The FUTURE Of Cashflow w/ J. Massey Of Cashflow Diary

12 Houses To Freedom

Play Episode Listen Later Nov 29, 2018 42:17


In this episode, Brian interviews J. Massey, founder of Cashflow Diary. J. shares why short-term rentals are a way to cashflow MUCH HIGHER than you do with traditional rentals. He also teaches one powerful success principle that is the foundation for his ever-increasing success! ------------------------------------------------------------------ Want to build passive income but confused about where to start? Click the link below to book a FREE 45 minute strategy call with me. https://brian-ellwood.mykajabi.com/freestrategycall On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly what you need to do next. Book your call now, slots fill up fast! Click here to book your free 45 minute Strategy Call with Brian: https://brian-ellwood.mykajabi.com/freestrategycall

The Short Term Rental Profits Show
STR 15 - Gadgets, Tech & Best Practices for Airbnb and All Websites with J Massey

The Short Term Rental Profits Show

Play Episode Listen Later May 4, 2018 38:58


Jason Hartman talks with J Massey, real estate investor, author and host of the Cashflow Diary Podcast, about his new venture into short term rentals. J and Jason discuss why J has gone into the market, where he finds the best prices, what technologies J is using in his units, and the systems he's put in place to ensure his operation runs smoothly. Key Takeaways: [2:06] J has done many different types of real estate, why is he in short-term rentals now? [6:16] How J realized how to leverage high priced real estate [9:33] J rents out entire apartment complexes for short term rentals [10:37] The #1 reason an owner would let you rent their place to turn into a short term rental [14:04] Where J finds the best prices [19:38] What locks and sound monitors does J like & use? [24:31] A unique differentiator for J's units [28:21] Is there any concern that the next downturn will cause a spike in vacancy rates? [32:04] What systems does J have in place? [36:42] Can you self manage short-term rentals while you have a full time job? Websites: www.CashflowDiary.com www.NoiseAware.io

Capitalism.com with Ryan Daniel Moran
Generating Unlimited Passive Income With J Massey

Capitalism.com with Ryan Daniel Moran

Play Episode Listen Later Aug 17, 2016 51:26


One of the results of Ryan's disappointment with Grant Cardone's presentation at Freedom Fast Lane LIVE 2015 is that he's been on the hunt for someone accomplished in real estate investing who could and would teach him how to move beyond the steps he's already taken. J Massey is the guy he found - and he generously shares his expertise on this episode. J has literally gone from no money in the bank to ultra-successful real estate investor and has done all of it using other people's money to build a real estate portfolio and passive income. If you are at all curious about building your own real estate investment business, this episode is for you. You shouldn't use your own money as the primary funding source for real estate investments. Many people make a simple mistake when it comes to getting started in real estate investing. Here's a likely scenario: You find a great deal on a duplex and decide to purchase it. The asking price is $120K and you have $150K in the bank. You buy the property outright thinking that no debt is good debt. But here's the problem. You just tied up $120K of your own money in a property that will cash flow approximately $700 per month. What's wrong with that? You could have used that same $120K as down payment on 3 or more properties that would each cash flow that much. So instead of $2100 coming in each month, you're stuck with $700. Make sense? This is one of the many tips J Massey shares on this episode so be sure you take the time to listen. Build relationships with property managers in your markets to find the people who make deals. It may sound a bit counterintuitive at first but J Massey suggests that one of the first things you do if you're looking to invest in an unfamiliar market is to find the local property managers and work to build good relationships with them. They are the men and women who not only know the rental market in the area but who also know the various agents and wholesalers who actually do deals on property. They can steer you clear of the people who are all talk and no action and point you toward the people who know how to work with you to get properties under contract and purchased. J's got tons to share on this episode so do yourself the favor of hearing what he's got to say. Why real estate deals that are on the MLS are not the ones you want. During this conversation on Freedom Fast Lane, Ryan asked real estate investor J Massey why he doesn't look for deals on the MLS or other public listing sites. J had a very simple answer. The deals you find there are typically ones that investors like him have already passed by. That should tell you something. There is something about the deal, in most cases, that makes it less of a deal than it may first appear. Instead of using the MLS J works to build relationships with wholesalers, other investors, and agents in the area who can help him find the unpublished properties he can purchase, renovate, and turn into cash flow machines. If you want to know how to find those kinds of deals you need to hear J's experienced advice, on this episode. J Massey will be at Freedom Fast Lane LIVE 2016 as part of our investor panel. One of the great things about the FFL events is that we bring together some of the top names in business and investing to give you an incredible education, one that will take your business and your investment portfolio to a whole new level if you apply what you learn. J Massey will be part of this year's event, serving as one of the members of our All-Star Real Estate Investing panel. You're not only going to hear from the things J has learned over the years but also gain insight from other successful investors about how you can get started investing in real estate yourself. This one session of the event is going to be worth the price of admission all by itself. Listen to this episode to hear how you can be part of the Freedom Fast Lane LIVE 2016 event. Outline Of This Great Episode [0:04] Ryan's introduction to J Massey, another guest at Freedom Fast Lane LIVE 2016. [2:08] The reason Ryan invited J to make up for Grant Cardone (really). [5:35] Ryan's current situation and J's response and suggestions. [13:58] Why cash flow matters more than portfolio value. [15:02] Why wouldn't Ryan use a bank to finance property acquisition? [24:40] Where J finds his best deals (2 strategies). [32:20] How property managers can help you find the right realtors to work with. [34:54] J's process for weeding out the deals he doesn't want. [44:30] How J advises Ryan to move forward from here. [46:54] The way J evaluates a market for potential investment purchases. [50:06] J's top 11 ideas for getting into real estate investing. [51:26] Your invitation to Freedom Fast Lane LIVE 2016. Action Steps From This Episode FOR GETTING STARTED: Get clear on the value of leveraging other people's money to create cash flow for yourself. It's not unethical and it's not as risky as you might think because you have a property for collateral that can always be sold to pay off the debt in a pinch. FOR GREATER SUCCESS: Build relationships with people on the ground in the market where you want to invest. They can save you a long and painful learning curve and help you get deals flowing faster and more effectively. Connect With Today's guest: J MASSEY http://CashFlowDiary.com/Ryan - get your free resources from J Massey Website: http://cashflowdiary.com On Twitter On Facebook On LinkedIn Resources Mentioned On This Episode www.FreedomFastLane.com www.LoopNet.com www.NARPM.org Connect With Freedom Fast Lane Live Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram Subscribe to Freedom Fast Lane Subscribe to the Freedom Fast Lane Podcast with Ryan Daniel Moran

Cashflow Ninja
013: J. Massey: Cashflow Diary, Creating Cashflow and Building Wealth in Any Economy

Cashflow Ninja

Play Episode Listen Later May 23, 2016 37:32


J. Massey wasn't always the Real Estate Investor he is today. The road to success was paved with challenges that J. had to overcome. He literally went from having zero, squatting in bank-owned property to owning more than 300 units of property across several states. Today, J. is an investor, published author, speaker, educator, podcast host, entrepreneur and business owner. His brand, Cash Flow Diary, is gaining global recognition. J.'s belief: “If change is truly desired, including a change in financial position, it is imperative to take action.”  If anyone is struggling and worried about how to change his/her life-picture, it starts with changing your mindset.  If you truly want that vision of your life to come into being, you must allow the change to begin in your mind.  Stop listening to those who tell you what cannot be done, and just go for it. That means everyday, and every night, there is one mindset of keeping one's eye on the prize. Bestselfco., Make Success a Habit! Use the Self Journal to organize and align tactical day to day tasks with larger life goals. In this episode you will learn: How J. went from having literally zero, squatting in bank-owned property to owning more than 300 units of property The strategies he used on Ebay to start creating an income stream right away What real estate wholesale strategies are? How important it is to know who you serve regardless of what business you are in Why Real Estate is a fantastic investment asset class Two areas within the Real Estate industry J. sees as fantastic opportunities to create value and serve others that he hopes someone will take advantage of The best advice J. ever received and the biggest lessons he has learned on his journey J. shares the reason why he started the Cash Flow Diary! Areas of Study and Skill Improvement Focusing on mastering a live streaming platform, Periscope,  as a medium to get his marketing message out there and stay relevant to his audience Recommended Books: Holy Bible, King James Version Awaken the Giant Within : How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny! By Tony Robbins The Science of Getting Rich by Wallace D. Wattles Questions are the Answers by Alan Pease Cash Flow Diary: 10 Steps to Creating Wealth in Any Economy! By J. Massey Recommended Resources: Ipad Pro Interview Links: CashflowDiary.com Cashflow Diary Podcast Episode 266: How to Choose the Best Partner in Business and Life Show Sponsors: Audible, download any audio book for free when you try audible for 30 days. Thrive15.com, get a free month of access at www.thrive15.com/cashflow   Show Transcript    Enter the Launch Give away contest to win a $500.00 Visa Gift Card! During the first two months of our podcast we are giving away a $500.00 dollar Visa gift card. To enter into the drawing, go to www.cashflowninja.com/Itunes and rate, review and subscribe to our podcast. Have some feedback you'd like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post! If you enjoyed this episode of our podcast, please leave an honest review for The Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. John Lee Dumas of EOfire.com made a video explaining how to leave a review you can watch here. You can also access step by step instructions how to subscribe, rate and review on Itunes from Apple here. Thank you for supporting our podcast and sharing it with friends and family! Live a Life of passion and purpose on your terms, M.C Laubscher

Capitalism.com with Ryan Daniel Moran
How To Build A $100 Million Real Estate Empire With J Massey

Capitalism.com with Ryan Daniel Moran

Play Episode Listen Later May 16, 2016 52:56


Ryan's been working to assess and increase his real estate holdings for some time as an additional way to build his wealth portfolio. But even after investing a significant amount of money to have Grant Cardone come to one of his events to speak about real estate strategies he didn't have the information he needed. That's when Ryan reached out to J Massey, host of the popular podcast “Cash Flow Diary” and super generous real estate investor. Ryan says this episode is the most “value per minute” podcast interview he's ever done and just a quick listen will tell you exactly why he says that. You could use your own cash to buy properties, but why would you? The minute J Massey hears Ryan describe how he's used his own cash to purchase properties he's got a powerful question to ask in response, “Why would you do that?” J goes on to explain to Ryan the powerful way you can use other people's money (private investors) to purchase and leverage debt to expand a real estate portfolio quickly and profitably. J gave Ryan (and you) a ton to think about on this episode that can change your wealth building strategy for the better, so be sure you take the time to listen. Why multi-family properties are the main thing J Massey focuses on these days. J Massey has been investing in real estate for a long time and one of the lessons he's discovered is that multi-family properties offer many more advantages than single family residences. Why? Because you're able to have a larger occupancy rate from which to build your profit base on that property - and it is established through a one-time purchase and renovation (if needed). J also has a formula (which he shares on this episode) that enables him to evaluate whether or not he can break even with as much as a 50% vacancy rate on that property. That keeps him to know if he'll be able to stay in the black all the time, even before he decides to pull the trigger on a purchase. When J Massey goes into a good market, here's how he finds good deals. Many people research a possible real estate investing market by looking through the MLS or other retail-type websites. But J Massey goes about it very differently. In his mind the deals you find on the MLS are deals that real estate investors like himself have already said “No” to. He wants to find the deals that don't make it to the MLS simply because they are such a good deal to make money on. How does he do it? One of the ways is to make contact with property managers in the market and ask them a specific set of questions that enable him to find the right people to work with to find and purchase the deals he's looking for. What are those questions? You'll have to listen to find out! Multi-family real estate investors are really job chasers. If you just take a bit of time to think about what goes into a successful multi-family real estate investment you'll realize (as J Massey has) that the community the property is in has to have sufficient jobs to enable people to live there. That means that one of the first things J is looking at when considering a multi-family property purchase is the job market. Are the jobs there? Are they stable? Is there a reasonable chance that the jobs will be outsourced or sent overseas? They may sound like complex questions to answer but they are vital questions that enable you to know if you're looking at the possibility of long term profitability or not. You'll get tons more value from this conversation just like that insight, so be sure you listen. Outline Of This Great Episode [0:04] Ryan's introduction to this episode and his guest, J. Massey. [5:03] How Ryan has been doing his real estate investments and why he realizes he's in the slow lane. [6:31] How J assesses Ryan's situation. [8:30] How raising capital trumps using your own cash. [12:37] How to use debt to leverage the growth of your real estate portfolio. [14:09] Why to use private lending instead of using a bank (since rates are so low). [18:29] How J. structures his deals most of the time (4 different types). [19:37] What J. Massey is looking for in terms of good deals. [24:03] Where to find the good real estate deals. [30:15] How J gets around the gatekeepers to find people with the deals. [32:58] One of J's secret and fastest ways to find the good deals. [34:22] How J Massey weeds out the deals that look good but aren't. [37:47] Assessing the neighborhood to know what people you are serving. [40:26] How J assesses property repair and rehab needs. [44:02] The next logical step for Ryan to build his real estate empire. [46:22] How J determines the markets he's going to be investing in. [49:34] How you can get J's top 11 ideas to make money in multi-family real estate. Action Steps From This Episode FOR GREATER SUCCESS: Learn how to use other people's money to build a massive real estate portfolio quickly. J Massey can help you with that, so be sure you grab his free gift. FOR GETTING STARTED: Think through the people you know who have money sitting in an IRA or retirement account who might be willing to get a better return on their money. Do your homework to find some good investments (J shows you how on this episode) then approach them with the idea.   Connect With Today's guest: J. Massey Website: www.CashFlowDiary.com/ryan Podcast: www.CashFlowDiary.com On Twitter On Facebook On LinkedIn Resources Mentioned On This Episode www.Narpm.org Connect With Freedom Fast Lane Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

The Best Passive Income Model Podcast
Mark Chats with J Massey of CashFlowDiary.com

The Best Passive Income Model Podcast

Play Episode Listen Later May 6, 2015 5:42


http://www.thelandgeek.com   In this episode I chat with J Massey of CashFlowDiary.com.  J is the host of the Cash Flow Diary podcast, which offers great insight from business leaders.  He also has the Cash Flow Diary Youtube channel, where you can tap into tons of great tips and resources. J shares how he gets into "business mode" for the day.  His morning routine helps him get going for the day and kickstart the day with productivity. With his busy schedule of juggling family life and a flourishing business, J knows he has to get his mind focused on business for the day in order to make the most of his time. Learn more about J by visiting his website CashFlowDiary.com as well as subscribing to his Cash Flow Diary podcast and his Cash Flow Diary Youtube channel. Want to learn how to flip land?  Get The Passive Income Launch Kit today for $7.00 ($97 Value) at http://bit.ly/1E6KIOu Invest in Wholesale land at http://www.frontierpropertiesusa.com

The Best Passive Income Model Podcast
Coffee Talk with J Massey from CashFlowDiary.com

The Best Passive Income Model Podcast

Play Episode Listen Later Mar 20, 2015 5:12


http://www.thelandgeek.com  In this episode I discuss some productivity tips with real estate entrepreneur J. Massey from CashFlowDiary.com.  J. shares his secret of staying in contact with his virtual team - Voxer. Subscribe to the free weekly podcast on iTunes here-- https://itunes.apple.com/us/podcast/best-passive-income-model/id962468381  Want to learn how to flip land?  Get The Passive Income Launch Kit today for $7.00 ($97 Value) at http://bit.ly/1E6KIOu Invest in Wholesale land at http://www.frontierpropertiesusa.com

The Mark Kohler Show
Wholesaling Real Estate with Author J. Massey

The Mark Kohler Show

Play Episode Listen Later Sep 9, 2014 61:00


Please join me with special guest J. Massey, landlord, lender, consultant, investment manager, speaker, mentor and Author of "Cash Flow Diary" and "Investing Made Easier- Wholesaling".  I promise that you will be inspired by his amazing Rags to Riches story...AND you will learn you can do it too!!  My special guest and client started with nothing just over 4 years ago,and has built a real estate portfolio of hundreds of units.  He currently serves as President and owner of West Egg Enterprises and teaches students around the country tips and strategies on how to Wholesale real estate.  Don't miss this episode of the Mark Kohler Show!! Tuesday, September 9th, at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here from your computer.  

The Mark Kohler Show
10 Steps to Creating Wealth in ANY Economy with Author J. Massey

The Mark Kohler Show

Play Episode Listen Later Apr 1, 2014 61:00


Please join me with special guest J. Massey, author of the new book coming out this month: "Cash Flow Diary: 10 Steps to Creating Wealth in ANY Economy".  J. Massey, full-time real estate entrepreneur, investor, developer, sales coach and problem solver, is well known for providing best in class advice and strategies to help new and experienced investors. J.'s platform is simple – He invests his time searching for investment opportunities, closing deals and teaching others how to find similar opportunities to close. J. Massey is a master of creating cash flow and passive income through smart real estate and business transactions. Don't miss this episode of the Mark Kohler Show!! Tuesday, April 1st, at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here from your computer.