5 Things I Wish I Knew When I Started Investing In Real Estate | How To with Gino Barbaro

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 13 February 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to our latest episode on the Jake & Gino channel, where Gino Barbaro, co-founder of Jake & Gino, dives deep into the world of real estate investing through personal stories and hard-earned lessons. In this insightful how-to session, Gino shares the five pivotal things he wishes he knew before starting his real estate investment journey. From the pitfalls of not properly assessing what constitutes a deal, to the crucial importance of due diligence, negotiation skills, picking a niche, and the value of learning from the pros, Gino covers it all. Whether you're a beginner embarking on your real estate journey or a seasoned investor, these lessons are designed to guide, inspire, and save you from the common mistakes many fall into. Key Takeaways: Not every opportunity is a good deal, especially for beginners with limited resources. Due diligence is a three-step framework crucial to avoiding costly mistakes. Negotiation is an art that can significantly impact your investment outcomes. Focusing on a specific niche, like multifamily units, can lead to greater success. Investing in your education and learning from experienced mentors is invaluable. Resources & Links: Jake & Gino Webinars: jakeandgino.com/webinar The Jake & Gino Podcast: jakeandgino.com/podcast Jake and Gino's 2023 Interview with Chris Voss Jake and Gino's Second Chris Voss Interview Jake and Gino's First Chris Voss Interview About Jake & Gino: At Jake & Gino, we are dedicated to empowering real estate investors by providing the tools, education, and community support needed to thrive in the multifamily investment space. Our mission is to help you achieve financial freedom and make a lasting impact on your life and the lives of those around you. Subscribe for More: Don't forget to like, comment, and subscribe for more insightful real estate investment strategies and personal growth content. Your journey to becoming a successful multifamily entrepreneur starts here! Connect with Us: Website: www.jakeandgino.com Instagram: @JakeAndGino Facebook: Jake & Gino Twitter: @JakeAndGino Closing: Thank you for watching! If you found value in this video, please share it with someone embarking on their real estate investment journey. Stay tuned for more how-to guides and remember, every step you take is a step towards achieving financial independence through real estate. See you in the next video!

Transcript

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0:00.0	Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake and Gino. And in this how-to lesson,
0:07.7	I'm going to be discussing the five things I wish I knew before I started investing in real estate.
0:15.1	Now, as I've joked before, when I start thinking about these elements or these five things,
0:20.6	I feel as if I get PTSD
0:21.9	sometimes because it brings back some challenging memories. I made some big mistakes like most
0:27.5	people who sought out real estate. But more importantly, I wish I had listened to the people
0:32.8	who warned me and I was too stubborn. I would dare say it, I was probably a little too proud to be able
0:39.6	to listen to them. And I don't know why. But I hope as you listen to these, if you're embarking
0:44.4	on your journey, or even if you're going down your journey, you've done a couple of deals,
0:49.1	please take the consideration these five things I'm going to mention to you because it really
0:53.3	truly impacted my life. I lost tons of money. I'm going to mention to you because it really truly impacted my life.
0:55.2	I lost tons of money.
0:56.3	I'm going to share a couple of stories of how it impacted my investing.
0:59.6	Now, the very first one, what constitutes a deal?
1:03.4	When I started investing in real estate, to me, anything was a deal.
1:08.8	And you hear a lot of new investors saying, oh, all I need is a deal to start investing in real
1:13.3	estate.
1:14.0	Well, let's pull back a little bit and take a bigger, broader view of what that means.
1:20.9	What is a deal to you?
1:23.7	Because when I started investing in real estate, I had limited capital.
1:27.2	I had limited experience.
1:29.2	If someone had sent me a hundred unit apartment complex in my first deal, I wouldn't even
	...

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