Ep. 58: How to Create a Lifetime of Cash Flow with Rod Khleif
Ep. 58: How to Create a Lifetime of Cash Flow with Rod Khleif
After only a few years in the industry, he had already built an empire. In his head, he was a real estate god and had created a lifetime of cash flow. Then, the crash of 2008 shook the entire economy. Rod Khleif crashed and lost $50 million dollars. With such a loss, he shifted his gears and focused on his mental makeup. Â Armed with a $50 million dollar lesson, he learned from his mistakes and dove straight into investments. To date, Rod had successfully used real estate to create a lifetime of cash flow that also gives him opportunities to help others. He is the host of the #1 real estate podcast, Lifetime Cash Flow Through Real Estate Investing. Â On this episode, he passionately shares his business and life lessons and what he looks for in a target market.
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Key Market Insights
- Moved to Denver, CO as a six-year old impoverished Dutch immigrant
- Became a broker at 18, and earned over $100k in the third year of his career
- Had a $17 million net worth in the year 2006
- Built portfolio of 800 houses and multiple apartments in 2006-2008, scattered two hours North & South of his residence
- Lost $50 million in the crash of 2008
- Started a litigation support company after the crash, and helped build law firms in four states that turned into a 10-million dollar business
- After completely shifting gears, he started investing in real estate again
- Lesson learned: Focus on the cash flow, not the value
- Goal Setting: Clearly define what you want and why you want it. Then, focus on that on a regular basis
- Currently owns over 2000 homes and apartment buildings
- Built over 22 businesses in his 40-year business career
- Host of the No. 1 Real Estate Podcast, Lifetime CashFlow Through Real Estate Investing with over 3.6 million downloads to date
- Study location through these levels: regional, neighborhood, and property
- Location conditions: Job and population growth, income levels, zoning restrictions, current and planned infrastructures, etc.
- Call the chamber of commerce and ask who's moved in and who's moved out
- Real Estate Podcast: Includes experts and novices in the industry, and a weekly topic on Psychology of Success
- Free Ebook: How to Create Lifetime CashFlow Through Multifamily Properties - Text Rod to 41411
- Passionate about giving back. Fed 60,000 children for the last 18 years over the holidays
- Currently helping 1,500 local children by giving backpacks filled with school supplies
Bull’s Eye Tips:
Winning Your Market: Love what you do. Be passionate.
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Tracking Marketing Changes: Read local publications. Keep your fingers on your posts.
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Daily Habit: Practice gratitude. Visualize. Declare that it will be an awesome day.
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Resources:
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Free Ebook: How to Create Lifetime CashFlow Through Multifamily Properties Website Download or Text “Rod” to 41411
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Book Recommendation:
Never Split the Differences by Chris Voss
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The Five Love Languages by Gary Chapman
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The Slight Edge by Jeff Olson
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Turning Pro by Steven Pressfield
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Winners Never Cheat by Jon Huntsman
Digital Resources
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Tweet This:
“If you’re the last man standing when the music stops, you’re in trouble.”
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“To be a success at anything you’ve got to push yourself. You’ve got to get uncomfortable.”
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“Success without giving back beyond yourself is empty.”
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“Where focus goes energy flows.”
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Places to Grab a Bite:
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Connect with Rod:
Website: https://rodkhleif.com/
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Facebook Group: MultifamilyCommunity.com
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