The fastest way to financial freedom…Is real estate right for you?

1000 N Milwaukee Ave, Ste 100, Chicago IL, 60642

Meeting Summary for The fastest way to financial freedom…Is real estate right for you? - 1/18

Jonathan discussed plans for creating a real estate show and building a community around it, emphasizing the importance of education, networking, and taking action in real estate investing. He shared personal experiences in real estate and entrepreneurship, highlighting successes, challenges, and lessons learned along the way. The conversation ended with discussions on the importance of vision, focus, and systems in achieving success, as well as encouraging attendees to reflect on their personal goals for the future.

Jonathan to finalize decision on whether to switch meetup to Thursday evening or keep it on Saturday morning.

  • Jonathan to provide details on the new Cash Flow Breakfast Club format and schedule to attendees.
  • Jonathan to organize the next meetup focused on estimating rehab costs.
  • Jonathan to connect interested parties with the listing broker for the 70,29 South Indiana Avenue property.
  • Attendees to refine and share their 2025 vision, strategy, and "why" at the next meetup.

Building a Real Estate Show Community

Jonathan discusses plans to create a real estate show and build a community around it. He aims to involve local experts and investors, and attract viewers interested in construction and property development. Jonathan emphasizes the importance of creating a genuine sense of community by connecting with people on a personal level. The discussion touches on potential challenges, such as finding the right contributors and audience engagement strategies. Jonathan seems committed to making the show a success through collaboration and outreach efforts.

Real Estate Investing and Personal Growth

Jonathan, the host of the Chicago Cash Flow Breakfast Club, expressed gratitude for the attendees and highlighted the importance of education, networking, and taking action in real estate investing. He shared his personal journey, from being a self-absorbed, scarcity-minded individual to a transformed person with a balanced life. Jonathan emphasized the importance of affirmations, goal setting, and understanding the concept of 'flow' in achieving success. He also encouraged the attendees to ask questions and engage in the discussion.

Jonathan's Journey to Financial Independence

Jonathan discussed the importance of focus and vision in achieving success. He shared his personal journey, starting with a scarcity mindset and a lack of clear vision, which led to stress and a lack of success in various endeavors. Jonathan emphasized the need for asking oneself good questions and having a clear vision to guide one's actions. He also highlighted the importance of intentionality and consistency in achieving goals. Jonathan's vision evolved from making a hundred thousand dollars to creating a life of financial independence and freedom. He shared his experiences working for Walsh Mega, his unintentional entry into real estate, and his journey to financial independence. Jonathan also mentioned his experiences in Norway, where he discovered hot yoga and the fire movement, which further shaped his vision and focus.

Jonathan's Entrepreneurial and Real Estate Journey

Jonathan shared his experiences in real estate and entrepreneurship. He discussed his early successes, including selling a built property in Louisville and using low down payment loans for subsequent properties. He also talked about his time at Nest Egg, a tech company, where he was eventually fired twice. Jonathan then shared his experiences with property development, including a project in Lincolnwood where he faced challenges due to lack of permits. He emphasized the importance of repetition, systems, and focus in real estate and entrepreneurship.

Jonathan's Real Estate Investing Experiences

Jonathan shared his experiences with real estate investing, highlighting both successes and failures. He discussed his initial foray into property management, which didn't last long due to maintenance issues. He also shared his experiences with flipping properties, noting that it wasn't as easy as he thought it would be. Jonathan mentioned a particularly challenging experience with a 26-unit building in Greater Grand Crossing, which faced numerous issues including evictions, property damage, and squatters. Despite these setbacks, Jonathan expressed his love for renovating properties and his willingness to invest in the South Side of Chicago again. He concluded by emphasizing the importance of having the right property manager and being present in the investment process.

Reflecting on Personal Visions for 2025

Jonathan encouraged the team to reflect on their personal visions for 2025, including their strategies and reasons for their goals. He emphasized the importance of understanding the root cause of one's desires, using the example of wanting less stress due to having too many things going on. He set a timer for 5 minutes for the team to write down their thoughts on their visions for 2025, and reminded them not to scroll or text during this time.
 
Systems, Strategy, and Real Estate
 
Jonathan discussed the importance of systems and strategy in growing and scaling businesses. He mentioned a potential shift in the meetup schedule to Thursday evenings, which received mixed feedback. Jonathan also introduced the "Cash Flow Breakfast Club" and its focus on real estate investment strategies, starting with estimating rehab costs. He shared an experience from a property renovation project, emphasizing the importance of stabilizing and ensuring safety for residents. Finally, Jonathan encouraged everyone to share their visions and goals for the future.

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