How to Scale Your Business Using the Cash Flow Quadrant

07/29/20 • 50 min

Let's Talk Real Estate Investing with Sharon Vornholt

Today’s show is on how to scale your business using the cash flow quadrant. You’re probably going to realize immediately that as a self-employed real estate professional what you really have is a very demanding job.

But, isn’t that what we were trying to escape? We were most likely looking for freedom.

Understanding the cash flow quadrant will show you how to scale your business so that you become a true business owner. What does that mean for you? It means that you can take a month off (or longer) and your business will continue to make money in your absence. You essentially get to fire yourself from the day to day operations.

Understanding this process will help you go from employee or self-employed to being a true business owner and the visionary of your business.

My guest today is Joe Mendoza. Joe is from sunny San Diego. He’s an investor, a real estate broker, and he is a coach that has mentored and trained hundreds of people. He also knows how to use the cash flow quadrant to build and scale any business.

Show Notes

Here are some of the highlights of this show:

Getting started at 17 years old; quickly realizing investing was more profitable than being a Realtor
How the book Rich Dad Poor Dad played a huge part in his transformation and ultimately shifted how he thought about business
The power of understanding the cash flow quadrant to scale your business
The “SWOT” Formula, (Strengths, Weaknesses, Opportunities, Threats) and how to use this formula to your advantage
Putting the SWOT formula into practice today
The secret to scaling your business; outsourcing and building teams
Building teams; the good, bad and the ugly and why you must get rid of bad team members quickly
Creating systems so your business runs without you
Joe’s biggest tip for succeeding in today’s market

This is a power-packed show that has actionable tips you can put into practice today!

Quote: Where there’s adversity, there’s opportunity – Joe Mendoza

Books Mentioned in This Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
The 10X Rule by Grant Cardone
Shift by Gary Keller

Want More on the topic of How to Scale Your Business?

Here’s another show for you to check out.

Entrepreneurs... Is Your Employee Mindset Holding You Back?

Be sure to stop by the Louisville Gal’s Real Estate Blog and pick up your freebies!

But, isn’t that what we were trying to escape? We were most likely looking for freedom.

Understanding this process will help you go from employee or self-employed to being a true business owner and the visionary of your business.

Show Notes

Here are some of the highlights of this show:

Getting started at 17 years old; quickly realizing investing was more profitable than being a Realtor
How the book Rich Dad Poor Dad played a huge part in his transformation and ultimately shifted how he thought about business
The power of understanding the cash flow quadrant to scale your business
The “SWOT” Formula, (Strengths, Weaknesses, Opportunities, Threats) and how to use this formula to your advantage
Putting the SWOT formula into practice today
The secret to scaling your business; outsourcing and building teams
Building teams; the good, bad and the ugly and why you must get rid of bad team members quickly
Creating systems so your business runs without you
Joe’s biggest tip for succeeding in today’s market

This is a power-packed show that has actionable tips you can put into practice today!

Quote: Where there’s adversity, there’s opportunity – Joe Mendoza

Books Mentioned in This Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
The 10X Rule by Grant Cardone
Shift by Gary Keller

Want More on the topic of How to Scale Your Business?

Here’s another show for you to check out.

Entrepreneurs... Is Your Employee Mindset Holding You Back?

Be sure to stop by the Louisville Gal’s Real Estate Blog and pick up your freebies!

Previous Episode

4 Flips in 7 Days with Tyler Jensen

If someone told you that they were going to do 4 flips in 7 days without sacrificing quality and while staying on a budget what would your reaction be?

My guest today is a family man and Utah investor, Tyler Jensen. Tyler started flipping houses more than 10 years ago when he was in college to help pay for his college expenses. Tyler just completed 4 flips in 7 days while making it a competition between his 2 teams of rehabbers. He also recorded the whole process as a YouTube TV show.

Show Notes

This is a great show, and you’re going to learn some ninja organizational tips in the process that apply not only to rehabbing houses but running your real estate investing business. Here’s a sample of what we talked about in this show:

How a college student decides to rehab houses to pay for college
Why single-family houses?
Marketing: how Tyler finds his deals (it’s probably not what you think)
Doing 4 flips in 7 days; how he pulled that off
Who came up with this idea?
How the challenge between the two rehab teams affected the project
The key things rehabbers of any level need to know to do a successful, profitable flip
Knowing your numbers
Why mentors are critical for growing a money-making business

Final Thoughts

I had a great time doing this show, so I know you’re going to love it.

Be sure to check out Tyler’s latest project, 7- Day Flip on YouTube. I’ve been following along as the episodes are released, and it’s been so much fun watching these projects. You will find the link below.

Here’s the link to the YouTube Show: Just Click Here

You can also reach out to Tyler on Facebook at these links:

Want to learn more about “Flip Hacking Live”? Just Click Here

Next Episode

How to Buy Investment Property without Ever Going to a Bank

Today you’re going to learn how to buy investment property without ever going to a bank through the use of creative financing. My guest Brad Smotherman is an expert on that topic.

One of the things that most concerns real estate investors now is how our ability to finance property through traditional lending institutions will be affected by COVID-19 over the next 12 to 24 months or possibly even longer. The question is, “Will I be able to borrow money to buy property? “Let me ask you this. What if you never had to rely on banks again to buy property?

Brad owns and manages a seven figure flipping business. He's invested in over 15 States, has houses from Michigan to Georgia, and has completed over 400 transactions today. He's also the host of the top 100 business podcast, investor creator, where he teaches new and seasoned investors, how to take their house flipping business to multiple or six or seven figures without sacrificing freedom. And that's what I want to hear about.

Show Notes

How Brad got started at 17 years old by getting his real estate license and worked while he went to college
Years later, it only took him just over a month to figure out he didn’t want to an accountant
The path to figuring out he wasn’t good at fix and flip, and he really didn’t want to wholesale
Buying property “subject to” then selling it with owner financing (no banks needed)
What his first deal looked like and how much cash he put in his pocket along with years of passive income from that first deal
The impact the real estate market crash had on his business in 2008
How he has managed to never go to a bank for money
Why this strategy will work for anyone in any market
How you navigate difficult markets like we are in today
Why it’s still a good time to start a real estate investing business
Looking back, what he wishes he had done differently
Final advice for investors just getting started.