Jacopo, a visionary entrepreneur and real estate expert from Napoli, Italy, began his journey at 18 by co-founding a multimillion-dollar jewelry chain with his father. Earning a PhD in International Business Management, he ventured into real estate at 21, navigating the 2011 market crisis with bold decisions. Seeking new opportunities, he moved to Florida, where he overcame language barriers and established himself in the real estate industry, completing over 350 successful flips. As the founder of Luxury Wealth Group, Jacopo has been recognized in Yahoo Finance and Haute Residence. His M.P.B.E. method now inspires others to achieve success in real estate and business.
Here’s some of the topics we covered:
- Jacopo’s Jewelry Hustle to Real Estate Empire
- How a €30K Auction Flip in Italy Sparked a Real Estate Revolution
- Leaving Italy for the American Dream
- The Morning Routine That Fuels Million-Dollar Deals
- Unlocking Peak Meditation with Brain Tap
- Why Crushing Your Workout is Non-Negotiable for Success
- Scaling Up To Multifamily for Big Profits
- The Shocking Truth About U.S. Debt Interest That Everyone Should Know
- Game-Changing Advice Every First-Time Investor Needs to Hear
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Full Transcript Below:
00:44:27:13 – 00:44:49:20
Rod
Welcome back to lifetime cash Flow through real estate investing. I’m Rod Cleef and I am thrilled you’re here. And I’m sure you’re going to get tremendous value from the gentleman I’m interviewing today. If you’re going to have to understand him because he’s got a heavy Italian accent. His name is Jacopo la Cielo. And Jacopo comes from Naples, Italy, which is right down the road from one of my favorite places on the planet, which is the Amalfi Coast in Positano.
00:44:49:22 – 00:45:01:12
Rod
if you’ve never been, trust me, it’s. I think it’s one of the most spectacularly beautiful places in the world. And of course, Napoli or Naples is known for incredible pizza. So we’re gonna have a lot of fun today. Welcome to the show, my friend.
00:45:01:12 – 00:45:06:01
Jacopo
Thank you. I really appreciate, you inviting me all here. I am honored to say over here.
00:45:06:04 – 00:45:20:05
Rod
Oh, thank you, thank you. So why don’t you, tell a little bit of your story? Because I know you didn’t just do real estate here in the States. You actually did it in Italy as well. So. And you came from an interesting background. so. So please tell us your story.
00:45:20:08 – 00:45:43:10
Jacopo
Yeah. Like, my story is a story from when I beginning my life to have, you know, some kind of trouble. I play in soccer for many here, professional. I travel, Italy, until, 17 years old, when I have, really bad injury. I see. And at that time, you know, this situation really changed completely my vision on my life.
00:45:43:12 – 00:45:48:00
Jacopo
And I feel really pain at that time. Now I need to reinvent my life.
00:45:48:00 – 00:45:48:16
Rod
Reinvent.
00:45:48:16 – 00:46:09:11
Jacopo
Reinvent my life. Yes. And, I started to find something to do in my life. My family is a normal family. My father is engineer, my mother is a teacher. And the one I study. I promised them, you know, I will take a PhD, but I need the starting. I need the work. I need to make money because I understand how it’s important to create money and abundance in my life.
00:46:09:11 – 00:46:37:09
Jacopo
Because I see play with the people in soccer. you know, you see a lot of people, they don’t have money struggling. And everything now was going on. I starting I opened one shop, jewelry shop, and I take money from the government, from Italy. And after a seven, eight month, I close the shop. I sleep in this shop for two, three months, and I don’t want to go back to my to the house of my family, 18 years old, because I feel so.
00:46:37:09 – 00:46:48:15
Rod
Just to recap, you started a jewelry shop. You got money from the government to do it. It didn’t make it. You were there eight months. You ended up sleeping there for a couple of months, and you didn’t want to go back to your family and say you failed, correct? Okay, okay.
00:46:48:15 – 00:46:54:16
Jacopo
Because, you know, my father, my mother told me, study go the normal life. Right? Mean that’s it. You are more,
00:46:54:22 – 00:47:10:10
Rod
My dad to. Yeah. My dad, worked for Continental Airlines for 36 years. He’s like, go get a real job. You know, I’m going to retire. I’m going to have a pension. You know how much my mom got in her pension, while she was alive? Like, think $596 a month. I mean, what do you. You can’t even buy groceries for that.
00:47:10:10 – 00:47:12:07
Rod
So anyway, please continue. Sorry.
00:47:12:10 – 00:47:14:23
Jacopo
Yeah. Yeah. It’s like, is the same, same story.
00:47:14:23 – 00:47:16:03
Rod
Yeah. Yeah. Yeah. Different. Yeah.
00:47:16:09 – 00:47:35:20
Jacopo
And, from the day, what’s going on? You know, I see an opportunity in the jewelry business. This means I make something different where, normally sell jewelry by started to buy jewelry from all the decade. Like, I opened one small shop in Napoli from of over day to open more the 20 shop.
00:47:35:20 – 00:47:37:23
Rod
20 shops in in Napoli, in.
00:47:37:24 – 00:47:40:00
Jacopo
In in Italy. You know in Italy in general.
00:47:40:00 – 00:47:43:07
Rod
Okay. Wow. And you were buying jewelry and selling it.
00:47:43:07 – 00:47:57:03
Jacopo
Yeah. Buy and sell jewelry. I make you know, this company, you know, $1 million in, with this company and, around 2000, eight, nine, the market is starting to change to in Italy.
00:47:57:07 – 00:47:59:10
Rod
Okay. Yeah, it was worldwide. Yeah.
00:47:59:10 – 00:48:02:12
Jacopo
Well, you know, the is go down and enemies go down.
00:48:02:14 – 00:48:12:00
Rod
So were you buying gold? Was it gold bias? Yes. You had two gold banks. I had two gold buying stores myself. Oh really? Yes. Yeah. I’ve started 28 businesses. One of them was gold.
00:48:12:00 – 00:48:13:08
Jacopo
Buying was really good money.
00:48:13:09 – 00:48:25:14
Rod
Yeah, I didn’t make a lot of money, but it can be really good. It’s timing. Timing is everything. So did you find that when the market crashed, it actually helps the gold buying business because people had to sell to make money or know what’s happening.
00:48:25:15 – 00:48:52:18
Jacopo
Reality in in Italy, this one, you know, until 2000, nine, 2000, ten this kind of business is really, for, jewelers and for people they know. It’s not a lot a lot of people they know about this kind of business when these not too much competition and when this thing go viral, viral. Yeah. Like, you know, starting to to do marketing or go a little b down.
00:48:52:22 – 00:48:58:21
Jacopo
But, you know, normally when the market, people, they’re straggling this kind of market, you know. Yeah.
00:48:58:21 – 00:49:02:00
Rod
People are normally struggling. So did you stop your business or did.
00:49:02:01 – 00:49:21:18
Jacopo
No, I don’t stop. You know what’s going on. I see the market starting to change. What does it mean? You know, the number for me is not working anymore. I sell tens, God, you know, some kind. The shop signs shop to my ex employee. and, you know, around my 21, 22 years old, I started my career real estate.
00:49:21:18 – 00:49:29:22
Jacopo
I started to buy an auction in Italy, and I make the first 34,000 hero I in one flipping. You know.
00:49:29:23 – 00:49:37:12
Rod
She did a flip and made €34,000, which was more than the dollar back then, I’m sure. Yeah, yeah. So you made you made a nice chunk of money on your first flip.
00:49:37:12 – 00:49:37:21
Jacopo
Yeah.
00:49:37:23 – 00:49:41:11
Rod
And so you bought it in an auction? Yeah, I was in Italy. Okay.
00:49:41:15 – 00:50:06:22
Jacopo
And from our date, you know, I starting to bind auction by the market started to to slow down. I want to find, you know, I already go do it from the money side, you know, for what I scamming from for my my, for, you know, a little bit where, you know, at 25, 26 years old, I feel, you know, I have enough to something more the all my family, doing and I start.
00:50:06:22 – 00:50:19:13
Jacopo
But I want to see other kind of market. The other kind, the opportunities starting to study what’s happening over here in Florida. And, I started to study, you know, the problem with the subprime mortgage, subprime mortgages.
00:50:19:13 – 00:50:21:10
Rod
So this was pre 2000 and.
00:50:21:10 – 00:50:22:09
Jacopo
Eight, correct?
00:50:22:09 – 00:50:22:22
Rod
Okay.
00:50:23:02 – 00:50:27:17
Jacopo
And, you know, in 2010, I tech, you know, on an airplane, I.
00:50:27:17 – 00:50:28:08
Rod
Just got here.
00:50:28:08 – 00:50:31:14
Jacopo
I coming over here, I started in Cape Coral because in.
00:50:31:15 – 00:50:42:08
Rod
Cape Coral. No kidding. This was 2010. Maybe you bought some of my houses that I lost in Cape Coral. I had 160 houses in Lee County at one time, Cape Coral in Fort Myers. Yeah. Oh, wow. That’s funny. Yeah.
00:50:42:08 – 00:50:54:13
Jacopo
And you know, from of a day and I starting, you know, to, buy property flipping and, coming with my money, I bring other investors over here. I’m good with my relationship. I am in Italy. Sure.
00:50:54:13 – 00:50:59:22
Rod
And, you know, so you brought investors over. You started buying mostly single family at that single family.
00:50:59:22 – 00:51:02:03
Jacopo
Okay. Condo. Single family.
00:51:02:05 – 00:51:13:01
Rod
Yeah. Perfect timing, 20 1011. I mean, you know, at that time, those Cape Coral houses were worth. God, I don’t even know anymore. Actually, I’m going to be guessing. I’m not going to guess. but but.
00:51:13:01 – 00:51:14:02
Jacopo
65,000.
00:51:14:02 – 00:51:34:16
Rod
65. Yeah. That’s what you were buying for. Yeah. Yeah. And I, I think I, I think the value was, you know, over 100, well over 100,000 in 2007. but then it all crashed. Wow. That’s crazy. So you’ve done 350 flips plus three of more or more. Okay. Yeah, but you also have a, a cash flow portfolio.
00:51:34:16 – 00:51:39:13
Rod
Yes. Of, I think you told me duplexes and four plexus. Yeah. Correct. Are they down in Lee County or.
00:51:39:13 – 00:51:40:24
Jacopo
Where they are in Miami or.
00:51:40:24 – 00:51:43:15
Rod
Miami? All in Miami? No. Is that where you live now? In Miami?
00:51:43:15 – 00:51:46:15
Jacopo
Yes, I okay, Miami Beach, but I travel a lot. I enjoy.
00:51:46:15 – 00:51:49:05
Rod
Travel nice. Yeah. Me too. Yeah. Nice. So.
00:51:49:05 – 00:51:50:02
Jacopo
So cash flow.
00:51:50:05 – 00:52:08:10
Rod
Cash flow is everything, baby. Cash list. That’s why that’s the name of this podcast. Well that’s awesome. You’ve done. And you know the importance of cash flow. And so you use your flipping money. You bought assets. I know that you also have a real estate brokerage called the Luxury Wealth Group. Yes. And you also wrote a book.
00:52:08:11 – 00:52:12:10
Rod
Talk about your book. It’s called healthy, Rich and happy. Is that.
00:52:12:10 – 00:52:16:03
Jacopo
Right? Correct. Yeah. Yeah. This is, I think the, the three word everybody they want.
00:52:16:07 – 00:52:20:14
Rod
That’s it. That’s what they want. Maybe you could add freedom. You get freedom when you’re when you’ve got these other.
00:52:20:15 – 00:52:55:04
Jacopo
Three, you know, and you know, this book for me is really important because, I feel a lot of pain in my life, different kind of step on my life, and I didn’t. So, you know, the divine or whatever you want to call, bring, you know, our land to give to other human being. and in this book, I divide in two really clear, step this book, you know, one, the first part of the book explain how is important to create your inner self, and you create your inner self through, you know, MPB.
00:52:55:06 – 00:52:56:15
Rod
So the acronym is m.
00:52:56:15 – 00:53:01:24
Jacopo
P b e m where m supper meditation p pre.
00:53:01:24 – 00:53:06:14
Rod
M is meditation, P is prayer beatbox biohacking.
00:53:06:16 – 00:53:08:11
Jacopo
And e excercise.
00:53:08:12 – 00:53:10:21
Rod
Exercise done I mean that’s it, I have that.
00:53:10:23 – 00:53:35:17
Jacopo
And this is really important because this one, you know creating my life, you know, a strategy, a good direction to, you know, chase my dream. And this book, you know, explain all this kind strategy, how possible improve your life. The first part. The second part, I splain in the detail how I acquired, for example, you know, property in the auction.
00:53:35:19 – 00:53:38:16
Rod
oh. You get into some of the mechanics of real estate as well. Oh, good for.
00:53:38:16 – 00:53:45:10
Jacopo
You and I, spleen, you know, like, because what I find a all every time when I read the some kind of book where is a lot theory.
00:53:45:10 – 00:53:46:09
Rod
I love theory.
00:53:46:10 – 00:54:08:17
Jacopo
Theory. You know, I live I like a lot of, practical things I like, I like to understand how I do is saying, you know, and this book is really something where, you find the inside, really clear strategy where I, for example, I learn a lot. I need to tell in this podcast to Halloran, to Miracle Morning Forest.
00:54:08:19 – 00:54:08:22
Jacopo
Oh.
00:54:08:22 – 00:54:26:11
Rod
Hello, rod. Yeah, he’s been on the show twice. Yeah, he’s a great guy. Read Miracle morning. See that? I was thinking about the miracle morning. When you describe some of these things because, you know, in his he talks about prayer as well, and he talks about, note taking or scribing. and exercise, of course. I forgot what the other thing is.
00:54:26:11 – 00:54:42:01
Rod
Well, meditation, prayer, kind of the same thing, in his view. But, I think it is it absolutely different. You’re so kind, by the way. These guys, he brought me these awesome gifts. He brought me this tree and jewelry and some really nice stuff, which is very rare for me to get for my podcast guest. So I, I was really moved by that.
00:54:42:01 – 00:54:57:08
Rod
But, you know, he knew about my personal story and, you know, my recent, separation from Tiffy and the fact that I’m pursuing, spiritual journey. Really, I’m exploring Christianity, which I’d never done before. And so, this ties the prayer certainly ties into that, you know,
00:54:57:10 – 00:55:02:20
Jacopo
And it’s so important about this because, like, I come from Catholic family.
00:55:02:22 – 00:55:03:09
Rod
Catholic.
00:55:03:13 – 00:55:25:07
Jacopo
Yeah. Where you know, all my family. I remember my, my grandfather, grandmother told me how it’s important to pray. And, you know, for a long time in my life, I completely forget. Right. And now I feel really connect with divine. Really? Every day in the morning, I wake up. In the morning, I have my, ritual where, you know, I, I feel completely new person because.
00:55:25:09 – 00:55:27:03
Rod
Talk about your ritual for a minute. What do you do?
00:55:27:08 – 00:55:33:03
Jacopo
Yeah, I for dawn in the morning. First of all, I do meditation, okay? I mean, I tackle my 20 minutes, so.
00:55:33:03 – 00:55:42:02
Rod
So you met and do you have, like, a, what is your area of focus? Is it a word? Is it something you’re looking at? You know, what is your meditation, transcendental meditation.
00:55:42:02 – 00:55:42:07
Jacopo
Okay.
00:55:42:07 – 00:55:58:23
Rod
So you haven’t you have something you repeat in your head over and over. Yeah, I have mantra. Yeah. It’s a mantra. Yeah. I had someone come to my family when we lived across the bay here, and I paid him to come and he taught my kids, and I and my ex-wife at the time, Transcendental meditation gave each of us a mantra to think about and do.
00:55:58:23 – 00:55:59:10
Rod
And, and.
00:55:59:11 – 00:56:26:04
Jacopo
So it’s something really changed completely. My life. Wow. I need to tell you. You know, this may change completely in the worst, worst on my life where I feel alone, right? I have everything from the fact about money, but, you know, really, I feel alone. This kind. The technique gives me a lot of power. And I will suggest, first of all to my friend and to for my enemy fire, you know, because it’s something help a lot of people.
00:56:26:05 – 00:56:26:18
Jacopo
Yeah.
00:56:26:20 – 00:56:44:09
Rod
No, it’s fantastic, you know, and it’s clarity. It gives you clarity and clarity is power. And so no, meditation is incredibly powerful. It’s interesting. I, you know, my podcast, somewhere around 22 million downloads and I listen to two podcasts. One of them is Joe Rogan. The other one is Tim Ferriss. So I get both sides of the aisle.
00:56:44:11 – 00:57:05:12
Rod
And on Tim Ferriss Show, he interviews really the best of the best in the world, the best athletes. Michael Phelps, NFL, NBA players, billionaires like Ray Dalio, heads of the biggest companies in the world like Zuckerberg and and, you know, actors like Ed Norton, Hugh Jackman, Arnold. And he deconstructs their success. And I started to hear a pattern.
00:57:05:14 – 00:57:13:10
Rod
They almost all meditate. I use this as an example of why focus is so important, because meditation also gives you that focus. And so you agree.
00:57:13:12 – 00:57:34:21
Jacopo
I’m 100% a gamer. Yeah, yeah, yeah, I think so. Like meditation is the base to teach to to baby because will be a really, beautiful word if you have something like this to teach to baby. Because if you focus, on the good, you will receive good. If you focus on bad, you.
00:57:34:23 – 00:57:48:15
Rod
Whatever you focus on, you get. That’s a good. You know, they asked Mother Teresa if she was anti-war and she said, no, I’m pro peace. Right. You know, I get people call me and say, you know, how do I get out of student loan debt? I say, wrong question. How do you make so much debt? The money’s irrelevant.
00:57:48:15 – 00:57:49:01
Jacopo
Correct.
00:57:49:03 – 00:58:07:21
Rod
You know, focus is everything. So talk about biohacking for a minute because that’s something I’m intrigued by. I, I’m going to get one of those red light beds. I’ve thought about that. I’ve got a cold plunge now. I’ve got three soreness. and then of course vitamin supplementation. I take a handful that’s obscenely large every morning. so talk about what you do.
00:58:07:24 – 00:58:17:20
Jacopo
Yeah. I do like first of all, from the, integration I use email is, a company from a billionaire. Indian billionaire.
00:58:17:24 – 00:58:18:19
Rod
It’s called one.
00:58:18:19 – 00:58:19:23
Jacopo
Of the male.
00:58:20:04 – 00:58:21:02
Rod
Female.
00:58:21:04 – 00:58:33:15
Jacopo
he’s really, really, I think so. Something different because of what’s going on when you do integration, a lot of time, we take some kind of supplement, but we don’t know which kind amount.
00:58:33:16 – 00:58:47:08
Rod
Interacts with what. So that’s what you’re saying with interaction. You know, that’s that is absolutely the case because sometimes I’ll, if I take I have to spread out my vitamins throughout the day because if I take some together upsets my stomach. So there’s definitely interactions there, you think.
00:58:47:12 – 00:58:52:20
Jacopo
And and this company, what they do, you know, they do the blood test. Everything is really good companion.
00:58:52:21 – 00:58:56:03
Rod
You have to check that out. So it’s V and then the word male male.
00:58:56:03 – 00:58:56:08
Jacopo
Yeah.
00:58:56:12 – 00:58:58:06
Rod
mAh li or I l.
00:58:58:06 – 00:59:00:17
Jacopo
Like all the After I will write.
00:59:00:17 – 00:59:02:13
Rod
For you, I’d like to tell the listener. So,
00:59:02:19 – 00:59:04:03
Jacopo
Like is right if you.
00:59:04:03 – 00:59:08:16
Rod
Want. Yeah. Write it down for me. Thanks. And then I can spell it. Oh. Vimeo.
00:59:08:16 – 00:59:12:15
Jacopo
Okay. He’s are really, really, you know, good company.
00:59:12:15 – 00:59:23:01
Rod
I know that from that name. From something else. Is it relate to videos? No, no, it’s not right. Okay. So Vimeo. Vimeo, guys. Yeah. They will actually do blood test. You can do mail in blood test or something.
00:59:23:01 – 00:59:26:00
Jacopo
You mailing a blood test? You know, like, saliva.
00:59:26:02 – 00:59:26:15
Rod
Saliva.
00:59:26:15 – 00:59:30:08
Jacopo
Okay. And, you know, they will give you, like,
00:59:30:10 – 00:59:37:20
Rod
A protocol of what to take. And they know what works, what interacts positively or negatively as well. That’s interesting.
00:59:37:20 – 00:59:50:11
Jacopo
I’m gonna check that out. And. Nice. You have the correct amount for your body because you and me, we are completely for God. And, you know, for this reason, you will receive the correct amount, the ingredient, the correct amount. You know, the do they.
00:59:50:11 – 00:59:52:01
Rod
Sell it as well then? I assume they do.
00:59:52:05 – 00:59:54:00
Jacopo
Yeah. Like they do. Like every month.
00:59:54:01 – 00:59:56:08
Rod
They will send you supplements every month. Okay.
00:59:56:08 – 00:59:57:02
Jacopo
And he’s like.
00:59:57:02 – 00:59:57:22
Rod
Oh that’s interesting.
00:59:57:22 – 01:00:03:16
Jacopo
I’ll check it. And these are really good. The other thing I do, every morning I use a brain tap is
01:00:03:18 – 01:00:04:21
Rod
They like tap.
01:00:04:23 – 01:00:08:13
Jacopo
these are really good device too, doctor Porter.
01:00:08:15 – 01:00:11:07
Rod
doctor Porter. And it’s a device.
01:00:11:09 – 01:00:13:18
Jacopo
he’s a device like you. You put in.
01:00:13:18 – 01:00:14:19
Rod
Your head, put it on your head.
01:00:14:20 – 01:00:19:04
Jacopo
Okay? And you have, like, audio and in front of you, you have a light.
01:00:19:04 – 01:00:25:05
Rod
Okay. So. So it’s got things over your eyes that have lights. You have audio in your ears. And it. What is it? Connect your.
01:00:25:05 – 01:00:47:11
Jacopo
Yeah. It means like you connect with your phone. You have audio where they are. you choose in which kind the area you want improve. For example, if you need the more motivation, you will level like somehow there for motivation. If you want more energy, more energy, love, love, relationship, relationship is really good.
01:00:47:13 – 01:01:00:19
Rod
And it’s called brain tap. Brain tap. Yeah. And so device you put on your head and it and it basically I guess it’s some sort of a meditative kind of a thing. Correct. And it’s getting deep into your brain because you relax. So it’s going deeper than just your frontal cortex there.
01:01:00:19 – 01:01:16:10
Jacopo
And it’s beautiful because what they do when they wake up from, you know, my good sleep. what they do, you know, I do my meditation immediately after I put, you know, the brain tap and I start into to listening to this, beautiful thing. You know, how.
01:01:16:10 – 01:01:18:15
Rod
Long do you keep that on the brain tap?
01:01:18:17 – 01:01:29:11
Jacopo
You know, depend. You have a, like, different kind of length, for 10 to 20, you know, the pain from the time. Yeah. And after this, you know, I use red light in the morning.
01:01:29:11 – 01:01:30:19
Rod
No. Where.
01:01:30:21 – 01:01:32:17
Jacopo
I have, like, you know, a screen.
01:01:32:20 – 01:01:34:02
Rod
Just on your face.
01:01:34:04 – 01:01:35:10
Jacopo
No, no, all the all my body.
01:01:35:10 – 01:01:42:00
Rod
Your whole body. Okay, so you’ve got a panel that you stand in front of. Yeah. And how long do you do that for? I’m very interested in that because I’m literally going to get.
01:01:42:01 – 01:01:44:02
Jacopo
Like I do, 15 minute.
01:01:44:02 – 01:01:45:13
Rod
15 minutes in front of red light.
01:01:45:13 – 01:01:56:07
Jacopo
Yeah. But in the same time, when I do this, I do the, the fish out the glass, you know, I have, like, the, glass. Yeah, like the ice. I put the ice in the water and I put my face.
01:01:56:12 – 01:01:59:11
Rod
Also, you do an ice bath? Yeah. While you’re doing the red light.
01:01:59:14 – 01:02:08:17
Jacopo
Because, you know, when, I feel the the difference because, you know, the red light is hot. Okay? And when you put your face inside, you feel the cold.
01:02:08:18 – 01:02:15:24
Rod
So you. So what he does what he’s saying. Guys, you don’t understand is he. He’ll do the red light and then he’ll have a bowl of water with ice in it. And you’ll stick his face in there.
01:02:15:24 – 01:02:33:13
Jacopo
Correct. And I feel completely the difference because, you know, when you come out from over there, you have the red light, right going your, pulse, you know, in your eyes. Right? And, you know, he’s hot doing the. You feel the difference from this touching after this, I will, take a shower.
01:02:33:14 – 01:02:33:21
Rod
Right?
01:02:33:21 – 01:02:40:11
Jacopo
Cold shower. Right. For me. Not because, you know, three minute is, you know, the minimum to do the cold shower. Okay. Do.
01:02:40:11 – 01:02:44:21
Rod
However, I do a cold plunge for five minutes, so that’s mine. Yeah. Nice. 50 degrees. Yeah.
01:02:44:23 – 01:02:50:14
Jacopo
And, you know, this is, pretty much what they do in, you know, my thinking, the more.
01:02:50:14 – 01:02:52:00
Rod
That’s your daily routine. Yeah.
01:02:52:01 – 01:02:52:20
Jacopo
Okay. In the morning.
01:02:52:23 – 01:02:55:04
Rod
And it takes about how long start to finish.
01:02:55:06 – 01:03:02:11
Jacopo
Start to finish, you know, from 430 around, you know, five 3545 okay.
01:03:02:11 – 01:03:04:20
Rod
So an hour, a little over an hour. Yeah. Okay. 430.
01:03:04:24 – 01:03:06:09
Jacopo
And I pray after this.
01:03:06:09 – 01:03:07:09
Rod
And you pray after that.
01:03:07:09 – 01:03:25:12
Jacopo
Yeah. But, you know, I want to give something, thanks to one, Inspector from, you know, one house many hours ago, he told me, like, the importance about one up. I don’t remember now, but this one up. Really nice and app and app. Yeah. What are you possible listening?
01:03:25:12 – 01:03:27:02
Rod
Is this is a prayer app? Yeah.
01:03:27:03 – 01:03:29:07
Jacopo
Is, is pray to God the name.
01:03:29:11 – 01:03:30:02
Rod
Okay. Pray to.
01:03:30:02 – 01:03:32:16
Jacopo
God. Pray to God. And that’s right to go.
01:03:32:18 – 01:03:33:07
Rod
Pray to.
01:03:33:07 – 01:03:34:12
Jacopo
Go. Yeah. Pray to.
01:03:34:12 – 01:03:36:08
Rod
Okay. Pray to go. Is the app.
01:03:36:08 – 01:03:56:12
Jacopo
Yeah. Correct. Okay. And every day you over like something to understand better. Why is this days like you know and something good for the Bible. okay. And give me this thing and I, you know, I give my I connect with the divine. I don’t want to call, you know, only God do you know, because everybody have different kind of God.
01:03:56:14 – 01:04:11:08
Jacopo
But I connect with the divine. I pray for my day. I pray for my family, my father, my mother. I love my God, my my life. And, you know, I start my day from our day. My, this is my my be so important.
01:04:11:08 – 01:04:16:09
Rod
Well, you start early. I don’t think I’ve ever seen 430 unless I was up to late night.
01:04:16:11 – 01:04:35:23
Jacopo
Yeah, but, you know, this is another thing, you know? I don’t think so. We are similar for me, this change completely. My life. Yeah, but, you know, for your for another person probably you work better another hour the your day because everybody have different kinda characteristics. When you find your and you understand this is yours you know. Yeah.
01:04:35:23 – 01:04:44:14
Rod
She’s got no I, I have my own little thing but I want to make some changes. And so that’s why I’m so intrigued with your protocol here. And then when do you exercise?
01:04:44:16 – 01:04:46:01
Jacopo
I exercise after.
01:04:46:06 – 01:04:46:22
Rod
After all this.
01:04:46:22 – 01:04:52:15
Jacopo
Yeah I do, I have my, you know, my personal trainer. from Napoli.
01:04:52:19 – 01:04:54:00
Rod
Not from Naples.
01:04:54:00 – 01:04:56:20
Jacopo
Well, yeah. And, you know, we do through through video.
01:04:57:01 – 01:04:59:08
Rod
Oh, so. Oh, so he’s telling you what to do through video?
01:04:59:08 – 01:05:00:07
Jacopo
Yeah. Because he’s.
01:05:00:07 – 01:05:00:20
Rod
Over there.
01:05:00:23 – 01:05:01:21
Jacopo
Yeah. He’s over there. Oh.
01:05:01:21 – 01:05:02:08
Rod
Got you.
01:05:02:08 – 01:05:17:24
Jacopo
And you know, I really feel something important. He told me something really. You know, I, I am in the meditation now for many years, but I never think about how to ease important doing the sport in, do meditation. What do you mean?
01:05:18:00 – 01:05:24:07
Rod
Well, you’re actually you’re meditating. Well, you’re actually doing some exercise of some sort. Yeah, yeah. That’s interesting. Have you started to do that?
01:05:24:07 – 01:05:36:22
Jacopo
Yeah. And I feel like sometimes I feel like, you know, I use meditation to, have a moreno to, to push myself and, level up the weight. You know, you’re.
01:05:36:22 – 01:05:37:19
Rod
Able to lift more weight.
01:05:37:19 – 01:05:38:08
Jacopo
Yeah. Lift.
01:05:38:14 – 01:05:45:02
Rod
But just through meditating. Yeah. So you’re doing your mantra while you’re lifting. Yeah. Correct. Interesting. Oh. That’s interesting. Do you see my room downstairs?
01:05:45:04 – 01:05:45:22
Jacopo
Not. Not yet.
01:05:45:22 – 01:05:48:12
Rod
You didn’t see my weight room? No. Yeah. Oh. Are you going to shit what you say?
01:05:48:13 – 01:05:50:02
Jacopo
I might if you like.
01:05:50:07 – 01:06:04:04
Rod
If you like to lift. Yeah. It’s, it’s something I’m very proud of. Yeah. I need to do a video on there to let you guys that are listening see it, because it’s. It’s the bomb. It has everything. But, Yeah. So your book comes out, later this year, right?
01:06:04:08 – 01:06:04:13
Jacopo
Yeah.
01:06:04:18 – 01:06:07:16
Rod
Is healthy, rich and happy. Okay. And when is it.
01:06:07:18 – 01:06:09:22
Jacopo
the 15, 20, December.
01:06:09:22 – 01:06:14:22
Rod
So the 15th of December, right before Christmas. Perfect timing. Okay, I’m expecting a copy. Okay.
01:06:14:22 – 01:06:15:15
Jacopo
You already have.
01:06:15:16 – 01:06:24:23
Rod
I bring you brought to me. Oh. Well, I wish I’d known that I would have pulled it out. Yeah. Okay. Well, anyway, so that’s awesome. So, so what’s next for you, my friend?
01:06:25:00 – 01:06:31:18
Jacopo
next for me is something where you are, right now, what is means I feel, you know.
01:06:31:18 – 01:06:34:19
Rod
You want to start teaching, coaching, helping, adding.
01:06:34:21 – 01:06:42:09
Jacopo
you know. No, no, this is not my my goal is to give to other people for sure. And I already, try to do.
01:06:42:13 – 01:06:44:15
Rod
I can tell. Yeah.
01:06:44:17 – 01:06:51:13
Jacopo
but the important part, what I really love is to go, a multi family.
01:06:51:14 – 01:06:54:01
Rod
You want to go into multifamily, larger, larger multifamily.
01:06:54:01 – 01:07:09:16
Jacopo
And I already know before I do like 20, 25 units. You know when I coming over here and after I, I really for colliding you know duplex fourplex and everything I ever like or my six figure for years coming from the cash flow.
01:07:09:16 – 01:07:25:07
Rod
So your cash your six figure cash flow is coming from your duplexes and fourplex. Yes. You’re thinking you want to go larger now, correct? Well, you do need to get your butt to my Orlando bootcamp. Yeah for sure. Okay. You’ve got you please as my guest. You come to my Orlando bootcamp. It’s November 8th and ninth and 10th.
01:07:25:09 – 01:07:41:09
Rod
There’ll be a thousand people there. It’ll be a kick in the butt. Just make sure you come up and say hello because, my eyes will be crossed within 30s of being, not, but anyway. Yeah, because, you know, that’s what I do is a larger multi. Yeah. I think we got a contract accepted today in the Carolinas actually.
01:07:41:09 – 01:07:49:06
Jacopo
That’s good now and I think so. You know, it’s a little bit different because you know what they feel that’s God. They have the cash flow right.
01:07:49:10 – 01:07:52:05
Rod
Yeah. Because you’re you have your cash flow. That’s everything. Yeah.
01:07:52:05 – 01:08:14:23
Jacopo
But you know I feel now what’s going on and I love listening your podcast because you are, you know, you give a lot of good information. You, you know, like what’s going on with fourplex, duplex or whatever. You know, when somebody, go from the leave the property, you have no health problem when you have, like, something big, you know, is what.
01:08:14:23 – 01:08:31:08
Rod
You’re saying is if somebody’s in a duplex, you’re half empty if they move, right? Yeah. And then, of course, you’ve got to do the make ready. You’ve got to fix it up. You’re going to lose a couple months rent. You could lose a significant amount of cash flow where, you know, if you’ve got 30, 40 units, it’s not a big deal if 3 or 4 people move.
01:08:31:12 – 01:08:37:10
Jacopo
So yeah. And you know, the reality was going on. A lot of people, they think the differentiation is good okay.
01:08:37:10 – 01:08:38:01
Rod
They think what is.
01:08:38:01 – 01:08:42:10
Jacopo
Good differentiation if the, you know, put property in different locations.
01:08:42:12 – 01:08:59:02
Rod
No, I think the best is to focus on a particular market actually. And I and I’m guilty of being too spread out myself. But, you know, we’ve selected a couple markets. We really like that we want to hone in on, but yeah. No, I think you’re making the right move for sure. and I think incredible opportunity is coming.
01:08:59:02 – 01:09:16:18
Rod
I hope it’s not as bad as 089, but it’s possible. You know, I was talking about this. I got interviewed in Phenix Friday, and I was talking about, you know, I had a guest that shared this with me, and I wasn’t even aware of it. Do you know that in the last four years, 80% of the US currency has been printed?
01:09:16:20 – 01:09:34:21
Rod
So up to 2020, only 20%. Since then, 80% has been printed. And I don’t think they’re going to be able to fix inflation. Now, the good thing about that is inflation also increases rents. So you know, if you think you’re paying a little too much for a property, don’t worry about it as much because rents are going to go up and your debt won’t go up, you know.
01:09:35:01 – 01:09:55:22
Rod
So, but I think the proverbial shit’s about to hit the fan, I really do. People think I’m crazy, you know? But I really think that we’re going to see some incredible opportunity here. At the very least, we’re going to see deals because of the bridge debt in my space. You know, the adjustable rate mortgages. In fact, I was just reading something in our daily this morning how defaults are have jumped up again.
01:09:55:24 – 01:10:12:19
Rod
It’s starting to happen already. And and if you’re good at auctions there’s going to be auctions too. Yeah. Now these are you know these will be online auctions typically. And you have to have all your money lined up and. All right. But so you’re buying at foreclosure auction. Foreclosure auction. That’s like a verbal thing where you’re standing there and people just raise the price.
01:10:12:19 – 01:10:15:21
Jacopo
Yeah, but, you know, now, you know, in Miami is like, online.
01:10:15:22 – 01:10:17:05
Rod
You know, it is online now. Okay.
01:10:17:11 – 01:10:21:06
Jacopo
Can you get a line in the in other county before, you know, it’s like.
01:10:21:10 – 01:10:22:24
Rod
You buy in Miami Dade.
01:10:23:01 – 01:10:32:13
Jacopo
Miami Dade, Broward. You know, I guess I am like in Palm Beach too, you know, where is opportunity now? It’s complicated however, to find out. Is it okay? It’s complicated, but it’s coming.
01:10:32:13 – 01:10:40:24
Rod
You know, I think it’s coming, man, I really do. You know, I’m going to be getting a place in probably in South Beach here in the next 90 days or so. Nice. I’m single again, you know.
01:10:41:03 – 01:10:42:07
Jacopo
You want to go through the life.
01:10:42:10 – 01:10:53:12
Rod
Tampa. You know, I joke about Sarasota. You know, we’re an hour south of Tampa, and old people live in Tampa, and their parents live here in Sarasota. You’ve heard that. Okay. Right.
01:10:53:14 – 01:11:01:12
Jacopo
So anyway, but may I ask you one question? Like, what do you think the difference from 2009.
01:11:01:14 – 01:11:24:06
Rod
Yeah. Oh huge difference. So in 2009 the crash happened because of all the subprime debt that was out there. I mean, if you could fog a mirror, you could buy a house back then. Okay. And they had stated income loans where where you could tell them what you, what your income was. What’s the problem with that? Right. You know, and so, you know, anybody could buy a house and this time around it’s not going to be a single family house crash.
01:11:24:06 – 01:11:42:16
Rod
It’s going to be commercial real estate. I mean, office is in deep crap right now. I mean, there’s like 60% occupied in the country. Okay. So office is causing a lot of problems. multifamily. There’s a lot of people in trouble in multifamily that got bridge debt and myself included. I’ve got 2 or 3 that my ex partner got me into, and I let him talk me into and I shouldn’t have.
01:11:42:22 – 01:12:03:16
Rod
So we’re dealing with that. We’re doing loan modifications, but some of these guys can’t pull out of it. We’re already seeing foreclosures in my space. And and I think it’s going to magnify now. Right now they’re kind of kicking the can down the curb. Lenders are working with borrowers to try to get things done. But, you know, a lot of these operators have never dealt with a problem situation where, you know, like there’s a downturn.
01:12:03:16 – 01:12:20:20
Rod
And so I think we’re going to see a lot of deals in the multifamily space, even if the main economy doesn’t suffer, although I think the economy. Right. Let me say this, and I was just mentioning on this call, I mean, on this interview on Friday, that right now our national debt, we’re paying $1 trillion in interest a year.
01:12:20:21 – 01:12:36:00
Rod
Guys, if you’re listening and you want to see something to blow your mind, go online and Google an image of a million, a billion and a trillion and see the difference. A trillion won’t blow your mind how much money it is. Okay, so that’s how much we’re paying in interest is more than we pay for Medicare and Medicaid.
01:12:36:00 – 01:12:52:18
Rod
Okay, just to give you an idea. And right now, our national debt is going up $1 trillion every 100 days. I mean, does anybody see a problem with that? I mean, at some point, you know, it’s going to hit the fan. And so, you know, God forbid, it’s I hope it’s not as bad as I think it could be.
01:12:52:18 – 01:13:06:08
Rod
But I do know that there’ll be incredible opportunity. And that’s why I tell you guys, if you’ve ever thought about getting into this or any real estate it all, now is the freaking time because you got to have you got to take the time to get up to speed. You got to build relationships. You got to find money.
01:13:06:13 – 01:13:21:07
Rod
You know, you raised the money for these deals, but you got to build those relationships. So if there was ever a time to get in this business, it is right frickin now because it’s coming. I know it is. You know, as you know, I have a lot of people that listen that want to get into real estate, that have not taken action yet.
01:13:21:07 – 01:13:23:14
Rod
Do you have any advice for them? Any suggestions?
01:13:23:14 – 01:13:45:09
Jacopo
Yes. Okay. Starting to move, starting to learn first. Yeah. The first thing most important is learn from people they know and you know now the fortune, respect. For example, when I drive over here in the United States at that time, I try to read the book. I try to go to seminar to Robert Kiyosaki. Oh, yeah.
01:13:45:11 – 01:13:47:03
Rod
You seminar, you read books. Okay.
01:13:47:04 – 01:13:54:14
Jacopo
A lot of, you know, a something, but now you ever, like, everything’s free. Yeah. Thanks. God, we are in this beautiful mama YouTube.
01:13:54:14 – 01:13:55:17
Rod
University, baby.
01:13:55:17 – 01:14:17:21
Jacopo
Yeah. You know. Yeah. We have a, like a YouTube we have everywhere. I learn a lot from you. You don’t know, but you give me a lot, you know? And I use something you tell through Instagram, through YouTube. Everything you know, to my my business. You mean to something, you know. And I want to share with you something you know, you never know how to live for other people.
01:14:17:22 – 01:14:38:02
Jacopo
Because when you do good stuff for other human being, you’re really, really, what you do. You touch life and soul. Important not. It’s not only about money because you give the possibility to people. They are close, probably mentally to have the freedom. Yeah. To the freedom is the most important part.
01:14:38:04 – 01:14:56:14
Rod
That’s what everybody wants, you know. And they’re afraid to take action very often, which is why the mindset pieces is the most important piece. It’s, you know, like I’ll do my boot camp. And, the first thing we do is goal setting on steroids, because how do you get anything if you don’t know what it is? Right. And I’ll have a few people there, they’ll be like, oh, crap, I don’t want to do this.
01:14:56:14 – 01:15:08:16
Rod
I want to get on with the real estate stuff. And I’m like, okay, this is more important than the real estate stuff. Trust me, you know, because it is. It’s you’ve got it just like your book. You’ve got to get your mind right before you can go out and do anything.
01:15:08:16 – 01:15:22:21
Jacopo
And so and I think so, like, you know, when you starting to put your self to learn, first of all you need to start, you know, haven’t got to start. That’s a half that, that you know, after is coming everything you know. Yeah. You start in the relationship. You starting everything, you know.
01:15:22:21 – 01:15:39:10
Rod
Like can I get people. Is it a good time to buy. Yes. Okay. It’s always a good time to buy. And it’s definitely a good time to learn. And by learning, you know, even if you have to kiss 300 frogs, look at 300 deals to find one. You’ll be getting better every deal you look at. But, you know, people say, should I wait to buy real estate?
01:15:39:10 – 01:15:45:22
Rod
No. Buy real estate and wait. That’s that’s the thing. What else can you buy that someone else pays off, right? So and you know.
01:15:45:22 – 01:16:09:08
Jacopo
What I want to share with, you know, the people listening this, this show is really important. So two, three investment. If you, find the possible to create money, buy real estate. Forget. Yeah. Buy gold. Forget. Yeah. Buy silver. Forget. Yeah. And after ten year, this is my personal experience. You will see something beautiful.
01:16:09:08 – 01:16:26:20
Rod
Yes you will. Yeah. No, I’ve got a ton of gold and silver in a vault downtown Sarasota. Here I’ve. And that’s the beautiful thing about real estate is someone else is paying it off. And then of course, gold and silver continuing to go up. It’s gone up a lot this last year. So yeah. No, totally in agreement. Well, listen, brother, I really appreciate you coming out here.
01:16:26:20 – 01:16:38:02
Rod
It’s very much a pleasure to meet you. I feel your heart. I really appreciate, your kindness. And, guys, make sure and get his book when it comes out. Healthy, rich and happy. And, do you have a website?
01:16:38:05 – 01:16:43:06
Jacopo
Yes, I have the website for the book is, healthy, rich and happy.com. Yeah.
01:16:43:06 – 01:16:48:23
Rod
Dot com healthy rich and happy.com. Wonderful fantastic. Well listen my friend I appreciate you. And it’s great to meet you man.
01:16:48:23 – 01:16:52:20
Jacopo
The same from the same I really appreciate. Thank you too. What you do your life.
01:16:52:20 – 01:16:53:20
Rod
Thank you. Thank you.
