How to turn 32 cents into $75M with Javier Hinojo

The Cashflow Project

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2y ago 38:04

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Join Vince Gethings, as he chats with Javier Hinojo about how he was able to turn around a bleak point in his life where he only had 32 cents in his bank account and built $75M assets from there. Javier also shares about what the Rich Dad Poor Dad seminar helped him with and how it led to him getting into the business of flipping. Javier shared how he thought he is an entrepreneur from a young age and started his own company after military service. In this episode he mostly shares about the nuances of investing and doing flipping and now, wholesaling, and the psyche he had during the transition. He also shares a lot about the plans he had for his and his company’s future. So many insights to gather in this episode so be sure to stay tuned!

About Javier Hinojo:

Married for 23 years, has 5 kids, been self-employed for most of his life. He lives in Raleigh NC. He is the host of “The Naked Truth about Real Estate Investing” podcast. Went to a Rich Dad Poor Dad seminar in November of 2015. Paid his 35k and got some training, started by doing fix-and-flip of single-family homes. They were in Raleigh/Durham, Austin TX, Dollars TX, El Paso TX, and Tampa FL. He and his company would fix and flip over 50 per year and wholesale 80+. Then late 2019, he decided to stop cold turkey and go to commercial real estate. He pretty much let all of his staff go and started from scratch. He started to liquidate all his single-family homes.

Javier was inducted into the Rich Dad Poor Dad Hall of Fame in 2018. He believes in Podcasts/mentors/coaching. He’s a high school pushout and doesn’t have a college education. Had 32 cents in his account on New Year's day 2017. He almost gave up. Then he asked his kids for their Christmas money so he could pay their rent. By the end of 2019, he closed on his first apartment 63 units outside Charleston. Fast forward about 19 months later he is at 690 units across 7 properties. Stabilized Value 50M.

Outline of the episode:

[00:26] Javier’s background and how he started flipping
[05:16] Javier’s first deal and his psyche in handling it
[13:05] The inspiration to keep moving forward
[17:51] The challenges he met in the field
[22:50] Systems that Javier and his company uses
[27:46] What’s next for their company
[31:48] Fire round with Javier
And many more!

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