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Jake and Gino Multifamily Investing Entrepreneurs

3 Things to Know Before Investing

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5831 Ratings

🗓️ 20 December 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

In this episode, Jake and Gino talk about the top three things to know before you invest in apartments.   Key points: What are your financial goals? What you want your money to do? Proper planning prevents piss poor performance Conduct proper due diligence Don’t chase the shiny object We don’t lack motivation, we lack clarity   Check out the full video to learn more.   Get more resources on apartment investing: https://jakeandgino.com/education/

Transcript

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0:00.0

everybody, Jake and Gino here.

0:08.4

And just, you know, recently getting some requests coming in on the whole apartment house thing.

0:13.3

Is a house a better investment or is an apartment in a better investment?

0:16.9

Is a house an investment?

0:18.2

Blah, blah, blah, blah, blah.

0:19.1

I think, you know, I'm not going to get caught up in

0:21.5

the posture game that we see some of the folks like Kiyosaki and Grant Cardone out there saying that

0:25.8

a house is not an investment or I'm not going to begin to act like Webster's dictionary here or the word

0:31.2

definition emperors and say that a house is not an investment. That's not here. That's not what I'm here to comment on.

0:38.2

I just want to discuss how we treat this topic and what we're personally doing. I'm not going to

0:43.0

get caught up in that stuff. But personally, I purchase certain things, which I believe to be

0:47.7

significant, but not in equal amounts. And we'll get to why in just a minute. But I want to first

0:53.9

start with what do I buy? And

0:56.2

what do I buy that I believe to be significant or a quote-to-quote investment? And, you know,

1:01.0

obviously, we buy apartment buildings. That's what we do. We buy apartment buildings and we just

1:06.6

stay in that lane and we try to do it over and over and over again. But there's some other things in the

1:12.4

mix. We buy raw land. Got got some raw land personally. We got some raw land and businesses.

1:17.2

I personally buy golden silver. I also buy a fair amount of bullets and brass and ammunition and

1:23.1

things like that. And I own a house. That's really it. Keep it very simple. Have cash.

1:28.8

Whole life. Right. So cash whole life, right?

1:34.6

So why do I do this? Personally, I like the control. I like that these are physical assets for the most part and that, you know, I'm in the driver's seat and I like to buy things that I believe

1:39.5

I can sell for more in the future that are going to hold value. So that's where the whole

...

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