today I’m going to do a quick breakdown

of the very first in-person event I

hosted called the cash flow Breakfast

Club yeah at the time this recording

drops it’ll probably be about a week

past the event but I wanted to just get

these thoughts out while they’re fresh

in my head before I get started my name

is Aaron Amin I am your host I my wife

and I built a portfolio of eight cash

flowing rental properties across three

states in three years all while working

full-time and raising three young kids

this show is where we help you build

your own cash flowing rental portfolio

that you can operate in just 20 minutes

a day from anywhere in the

[Music]

world so cat FL Breakfast Club this idea

originally came to me when I heard about

it from some other folks in a different

real estate Community than in that host

events in other markets this brand is a

national brand there’s currently about

50 of these across the country and the

host the owner uh and founder onni Casey

he wrote a book called the cash flow

Breakfast Club if you’re watching the

video you can see it up on my shelf here

but he has a vision for how to expand

this free kind of Mastermind style event

out across the country so that we can

make things that normally cost thousands

if not tens of thousands of dollars

accessible to people for free so the the

first event was a lot of fun we put a

lot of work into it I had a co-host

Kristen Robertson she’s a local agent

here in Houston and and we teamed up and

we we originally came up with this idea

back in November and I applied I I

applied to be a local host so I I did

some interviews with Omni we talked

through some of my background and what

kind of qualifies me to to lead an event

like this and we found it to be a really

good fit and so I ended up you know

getting accepted as a host and teaming

up with Kristen to brainstorm you know

where to do the event what’s funny and a

couple things I’ll share is that in the

process of searching for a venue for

this event I actually have

across this the venue where we held it

the Texas real estate investment center

and I when I went into that building I

had no intention or understanding that

this would happen but I met with the

owner and I was really impressed with

what he was building there it’s a

building full of other real estate

professionals so there’s agents property

managers lenders title companies there’s

even other coaches so just a lot of

people that I really wanted to put

myself around my job is fully remote so

what is is that you know we ended up

leasing office space there my wife is in

the process of getting her license she’s

also working you know hard on our own

real estate projects and so we just want

to put ourselves in the building with

other real estate professionals so uh

one nice byproduct to hosting this event

is that I actually got office Bas there

and that allowed me to build a lot of

organic relationships leading up to the

event so as for the event itself I took

a couple notes here I just want to share

with you so you know the goal of course

with any event is to get it to a

critical mass where it makes sense to

keep doing you know our kind of

threshold for for what made sense was

right around that 25 to 30 on a minimum

Mark and we just we just cleared that we

had about 30 people in the room which

all things considered for someone who’s

only lived in Houston for 18 months I I

was very happy with uh it was a really

quality engaged group people had a

diverse range of experience there were a

few beginners there are a few people

that you know had 10 plus years of

experience and so that match and the

fact that there were some people that

could share the perspective a little

further down the road and then some

people that were able to really kind of

come in with with um you know fresh

perspective uh it made for a really cool

mix and the way these meetups work is

that they’re they’re very uh content

first value first so instead of it being

like a cocktail mixer where people you

know walk in maybe they’re you know a

lot of people are introverted whether

they admit it or not and even though I’m

pretty social I don’t always love those

mixer environments where I walk into a

room and it’s unstructured and I don’t

even really know what to do or how to

introduce myself so the format of this

event is we teach several different

topics throughout the session and then

there’s these breakout groups where you

can go and network and uh usually

there’s a topic or or some kind of

discussion that helps guide the

conversations and there’s also kind of

time boxes so when you’re meeting with

people

it kind of pushes pushes you out of your

comfort zone to get to these short

introductions and maybe like kind of

pitching what you’re doing and it allows

you to practice and refine you know kind

of saying what you’re what you’re

working on and what your goals are and

then it gives a little bit of time to

exchange feedback with whoever you’re

talking to but the one of the

interesting traps that I hear about in a

lot of these other events is that

sometimes you get kind of Trapped

talking to someone and it’s not that you

know maybe they’re a nice person but uh

you can get in these conversations that

get sucked into 10 15 minutes and when

you’re only at a 2 or three hour event

that 10 or 15 minutes you know there’s

probably 20 30 other people in the room

that maybe would be a better fit for

kind of what you’re you’re trying to

learn so there are these kind of time

boxes that we put on those um on those

breakouts so that people got to get

around the room and meet with uh

different people The Experience itself

you know so a couple things that I

learned was uh you know three hours is a

pretty long event and while there’s

plenty of content to fill it out we the

pacing was was an interesting lesson for

me so we ended up starting a little bit

late because there was um people were a

little slow to show up which is you know

when I go to events I’m usually like

that too so it ended up compressing the

timeline a bit I had to make some

adjustments on the Fly cut out a couple

mini topics but uh lesson learned for

next time I think I’m going to try and

work in a couple more breaks and just

you know improve the pacing of the event

so it’s a better

experience overall the sentiment was

really good coming out of this I spoke

to a lot of people right after the event

and I’ve spoken to people in the days

since and I asked for honest feedback

right I never want people to just tell

me what I want to hear I would like to

know truthfully and honestly how people

felt about the event and overall uh the

feedback was very positive people

learned even the people that had a lot

of experience learned about a few

different things uh that they hadn’t

heard before some of the topics that we

covered so we did a a little deep dime

on house hacking where uh my co-host

Christen brought in a live deal so

something that’s on the market right now

and we looked through that house and we

penciled out what it would look like if

you were to buy it as a house hack so

house hack being something that you live

in and then you rent out other rooms and

uh so we modeled out what it would look

like to live there and then also what it

would look like after you potentially

move out and turn your unit into a

rental so that was a cool exercise and

we got some good feedback from people

there uh most people had heard of house

hacking but when you actually really sit

down and kind of break down the

advantages it it can be pretty powerful

we did a session on analyzing rehab

deals so estimating rehab costs so

admittedly for me like we’ve only ever

done one flip and we did it out of state

with our partner managing all the

details so we were following her lead in

in many senses and so estimating rehab

costs was a a relatively new skill set

for me so I even learned a ton from that

session Kristen who does a lot of flips

brought in her contractors her team and

they broke down similarly like what do

they look for in pictures of listings

for potential flips and uh how do they

actually estimate those costs so I

thought that was a really powerful

session too uh and then we did a couple

there was a title company that came they

were actually one of our sponsors um and

they presented on just kind of what are

the main uses of a title company what

what is title insurance and what are

some of the different ways that a title

company is actually an integral part of

your team most people don’t think too

much about what title companies do um

but it is actually important and so that

was a really insightful session and then

we also did one on residential Assisted

Living which as anyone who’s listened to

me before knows that’s you know a big

pivot my wife and I have made in the

past uh six months or so is that we’re

now pretty much all in on residential

Assisted Living so I got to present a

section on why residential assist to

living is such a powerful asset class in

you know 2025 and Beyond and that

spurred a lot of great discussion and

was actually the thing that I got asked

the most about after the event played

off so uh all in all that the content

was great it was good sentiment we got

you know our our minimum critical mass

to to make the event worth it and we

hope we built some we created some

building blocks that we can use to move

forward now the trick is you know we

pulled out a lot of the stock in our

personal Network and we promoted very

very actively leading up to the event

and you know the excitement around the

first event is usually the strongest and

then when you start to get into these

consistent monthly events it can be a

challenge to drive turnout so the

challenge I have ahead is um figuring

out how to take this momentum we built

you know solidify the connections with

the folks who came the first time and

make it enticing enough that they want

to come back again and again while still

going out finding a new pool of people

you know a kind of average Benchmark

I’ve heard is that a good retention rate

is about 50 to 60% meaning that the

people that came to the first event end

up coming to the second event because

ultimately life happens I get it even

the events that I like going to I have a

hard time showing up to when they’re on

Zoom so let alone three hours in person

so uh we definitely have a challenge

ahead to keep the numbers where we need

them to be but uh this was a wonderful

first event and it was a really great

feeling I you know this is stuff that I

love doing I appreciate that the event

is free I appreciate that it always will

be free you know I’ll work with the

sponsors and I’ll work with the national

team on the back end to make sure that

we you know can still make it make sense

but um I am fully bought in on the idea

of providing this Mastermind style

networking and workshopping and

education at a at a free cost for those

who want to participate so whether you

live in the Houston area or not uh I

wanted to share these insights because I

believe connecting in person is one of

the more powerful things you can do and

while it’s difficult to do in 20 minutes

a day like the rest of our remote real

estate agenda it does have a a very high

return right it only takes one or two

people that you meet at an inperson

event to really make the difference uh

in your investing Journey so if you are

in Houston we will be doing this on the

third Wednesday of every month at the

Texas real estate investment center uh

it’ll be from 5:45 till about 8:30 or

9:00 p.m. and uh like I said we’re

trying to build this out and make it a

great community and a lot of value for

those who attend so hope to see you at

the next one and thank you for listening

thank you for making it to the end of

today’s episode as you may know podcasts

are very difficult to grow organically

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