3 Types of Capital Expenditures | How To With Gino Barbaro

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 18 June 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another insightful episode of the Jake and Gino podcast! In this "How To" lesson, Gino Barbaro, co-founder of Jake and Gino, dives deep into the crucial topic of Capital Expenditures (CapEx) in multifamily investing. Inspired by our recent Buy Right Bootcamp, where we had over 60 students, Gino shares invaluable lessons and insights from the event.

Transcript

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0:00.0	Hello and welcome. My name is Gino Barbero, one of the co-founders of Jake and Gino. And in this
0:05.3	how-to lesson, it was inspired this weekend by the Bill Ham, our Jake and Gino coach. We had a great
0:11.3	event this weekend. We had a by-right boot camp. Over 60 students were there. And we discuss the first
0:16.5	pillar, the by-right. But what we're going to be discussing in this how-to is all about
0:21.7	CAP-X, three different buckets of capital expenditures and how to view them. So if you want to
0:28.2	know how to appropriately spend CAP-X in this part of the market cycle, then stay tuned. This
0:34.1	weekend, it was really cool. We have 60 students there. We're going through
0:38.2	underwriting. One of our students, Nick De Leon, has gone through a full cycle deal. It's over
0:42.7	100 units in Waco, Texas. Going through that as well. And as I'm sitting there, I'm listening to
0:47.3	Bill Ham, and every time we do a boot camp, it's amazing. I learn something new every time.
0:52.3	And people always ask me, well, you know, why are you teaching?
0:56.5	Why are you doing this? Your portfolio is doing great. You could be out and doing multifamily.
1:01.3	You could be out on the beach. And I agree with all that. But after every time we do one of these
1:06.6	events or after every Monday lesson or after every coaching call, it seems as if I learned something
1:13.1	new about the business. I'm inspired. Actually, Jake was on a Monday lesson yesterday. He got
1:18.0	inspired. He's like, guess what, Gino, I'm going to put in this offer today because this
1:22.1	gentleman, this guy gave me a great idea. So when we go to these events, Bill's up there.
1:29.3	He's teaching all of his vast experience. He got over 1,000 units. You put me and Jake at almost 1,700. We almost have
1:33.6	3,000 units worth of experience that we're teaching. And CAPEX is important and it's crucial because
1:39.8	we like to say there's two ways that you got a business and multifamily. You either run out of time with these loans or you run out of money.
1:48.1	And when you run out of money, there's a real reason why you run out of money.
1:51.1	You're buying these older buildings and you don't understand CAPEX.
	...

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