Jun 15, 2022
Calvin Chin is real estate coach
who is focused on helping people create passive income so that they
can create passive impact. Our mission in life is to create
abundance in people not be focused on being rich but being wealthy
in their time and energy. Calvin talks about his experience losing
money in the AirBNB Market and how he learned from his mistakes.
Listen in as he recommends his listeners who are interested in the
AirBNB market take the same approach to focus on market with clear
rules and partnerships that will help them avoid risks!
[00:01 - 03:42] Opening Segment
- Calvin started from the Bay area and started
investing in real estate while he was in the tech
industry
- He found that the corporate ladder was not
fulfilling and decided to invest in real estate
instead.
-
- Calvin retired from their tech job to become a
real estate investor full time
- He and his partner were able to reach income
replacement and then decided to leave their tech job because they
wanted to start the new chapter of their life
- He has since invested in multifamily
properties, Airbnb spaces, and long distance real
estate.
[03:42 - 12:13] How to Hack Your Way to Financial
Freedom
- Being the CEO of your life
- Calvin discusses how they used a roommate hack
to get started in real estate investing and how it was a different
experience than what they expected
- Calvin and his partner found a flipper in San
Francisco into investing resulted in a loss of 100,000
dollars
- After learning from the experience, the couple
decided to focus on avoiding future mistakes
-
- Their philosophy changes and they learned from
their mistakes
- Gaining momentum and gaining
confidence
[12:14 - 18:30] Utilizing AirBNB for
success
- Calvin shares that their journey was
surrounding themselves with like-minded people that are doing real
estate
- He started out buying single family properties,
then scaled up to buying multi family properties
- Calvin discusses how he uses Airbnb to generate
additional income
-
- After realizing the potential of Airbnb, the
team bought a military base and turned it into an Airbnb property
that is now generating $2,000 a month
- The team pays 15% to 30% of their gross revenue
to their property manager
- Getting the right people that fit the mold and
not self-manage
-
- Calvin got her sister involved in the
business because she is genuinely interested in learning about the
business
[18:31 - 24:22] Partnership is the Key in Real
Estate
- The biggest risk for Airbnb is that the rules
could change and the company could be shut down;
-
- Airbnb has a backup plan in place to make sure
it remains profitable even if this happens;
- Calvin discusses the different regulations for
each state can be minimal or tougher depending on the state the
property is located
- Partnership is key in real estate, as it is a
team sport.
- He shares an important lesson that he learned
in real estate
-
- He loves to outsource
- He loves to leverage people if they love doing
these things
[24:22 - 27:22] Creating Passive Income And Have A
Purpose in Life
- Calvin shares “Golden
Handcuffs Security”
-
- He stresses doing monthly checks and being
comfortable with the uncomfortable
- He shares their story of how they went from
focusing on real estate to having a purpose in life
- He share how they started an organization
called “Zen Coach University” which is focused on helping people create
passive income and have a lasting impact in their
community.
[27:23 - 29:14] Closing Segment
- Calvin shares how he and his students achieve
financial freedom
- Calvin offers his coaching program on his
website: Zen
Coach University
- Calvin shares where you can get in contact with
him (links below)
Quote/s:
“I want to control the things I
love doing and my superpower and I love to outsource and leverage
other people if they love doing these other things.” – Calvin
Chi
You can connect with Calvin
through Website, LinkedIn, and Instagram
WANT TO LEARN MORE?
Connect with me through
LinkedIn
Or send me an email at
sujata@luxe-cap.com
Visit my website www.luxe-cap.com or my YouTube channel
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