5 Rules To Learn When Investing in Multifamily

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

🗓️ 4 September 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this enlightening video, dive deep into the essential principles that led me from my very first real estate deal to owning over 1,700 units! Here's a glimpse of what you'll discover: Mindset: The foundation of all successes. Think big and long-term! Education: The importance of arming yourself with the right knowledge before diving into real estate. Buy Right: How to ensure profitability by making the best purchase decisions. Management: Why effective management is the backbone of real estate success and the power of partnering with the right people. Finance Right: Structuring your deals for maximum profitability. It took years of reflection to distill these factors, and I'm thrilled to share them with you. This journey has been filled with challenges and learning, but the results speak for themselves! Special Offer: Interested in diving deeper? Get a FREE PDF copy of "Creative Cash". Just shoot an email to gino@jakeandgino.com. If you enjoyed this video, make sure to like, share, and subscribe for more insights. Until next time, let's make it happen, everyone. Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

Transcript

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0:00.0	Hello and welcome. My name is Gino Barber and I'm one of the co-founders of Jake and Gino.
0:04.4	And in this week's how to video, this is really an important one because this for me is just a
0:09.7	compilation of the years I've been in multifamily of how I started out. The thought process
0:14.8	that I had starting out up until now building in that enduring organization. So there's five
0:19.6	rules that I've learned along my journey
0:22.2	that are really crucial and imperative to learn as a multifamily investor. Let's just jump right in.
0:27.7	The first one, it's a business. When I first started investing in real estate years and years ago,
0:33.8	I thought I was just buying a couple of deals, investing for cash low, buying some properties,
0:40.2	just having a great time.
0:42.0	I didn't think of it as a business.
0:44.7	I didn't think of scaling.
0:46.6	I didn't think of having systems.
0:49.3	That was so foreign to me.
0:51.4	Once I understood the power of multifamily and in any real estate venture,
0:57.0	if you're going into the single family home space, if you're in self storage, if you're a fixer
1:02.0	and flipper and you're looking at these deals as just one-offs or they're all by themselves,
1:06.2	you're making a huge mistake. Every single multifamily property that Jake and I buy,
1:17.9	every single one, whether it's a 10 unit or it's a 200 unit, they are their own cash generator.
1:19.2	They're creating revenue.
1:21.3	There's one little business there. And what your goal is to try to buy really good businesses, that cash flow that you can add value to.
1:28.7	And if you can have that mindset, that will change everything for you.
1:32.6	Because then you'll start looking at these assets as a way to create value to them.
	...

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