80: Make Wheelbarrow Profits in Real Estate Investing

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 22 April 2016

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#80: Think you lack the time to invest in real estate? Consider Gino Barbaro.

Gino is a husband, father of six, longtime former restaurant owner, and controls $32M of property along with his business partner, Jake Stenziano.

They’re the two authors of “Wheelbarrow Profits: How To Create Passive Income, Build Wealth, and Take Control Of Your Destiny Through Multifamily Real Estate Investing.” It shows you dramatic, actionable ways that Jake and Gino increase property cash flows.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:20 Robert Kiyosaki will appear here with Keith next month.

03:57 GRE has a new Recommended Reading List: GetRichEducation.com/Read

04:48 What Keith dislikes about one popular RE investing book.

07:40 Millionaires are not wealthy. You heard that right.

08:46 Guest interview begins.

15:30 Business partnerships - what makes them work?

19:50 Wheelbarrow analogy - Two legs: buying & financing. One wheel: managing.

26:02 How to identify a building for “wheelbarrow profits.”

30:15 Here’s how to find a “motivated seller.” That’s where the deals are.

31:19 Increasing property NOI and cash flow with “repositioning” within two years.

36:10 Negotiation tips and strategy. Gino shares the emotional roller coaster of dealmaking.

42:48 What you must do when you take over a building that you just purchased.

46:28 How to fill a vacant unit quickly.

Resources Mentioned:

JakeandGino.com - Website of today’s guests.

Wheelbarrow Profits - Amazon book page.

RentOMeter.com - Find local market rents.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We’ll send you a GRE logo decal.

Transcript

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0:00.0	Get Rich Education is brought to you by Norotter Real Estate and Corporate Direct.
0:10.0	Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires
0:22.7	than anything else and can provide you with more wealth and happiness than you ever thought
0:28.2	possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith
0:36.2	Weinhold.
0:46.6	Hey, welcome to Get Rich Education, episode 80. I'm your host, Keith Weinhold, returning like Jedi to help you build wealth for yourself. I'm making this show that I wish I had a decade ago.
0:54.1	Man, if I had this a decade ago, this would have saved me a lot of time and made me a lot of money.
0:59.4	But now I can do that for you.
1:01.7	I'm glad you're here.
1:03.4	Now heard in 162 world nations, even Uzbekistan and Azerbaijan, thank you for making us iHeartRadio's choice for an investing
1:13.2	show.
1:14.3	Next month, Robert Kiyosaki, yes, Robert Kiyosaki will be here with me on Get Rich Education.
1:20.7	I'm sure you all know about the influential rich dad, poor dad author, whom is surely one of the
1:26.9	world's best known investors today
1:29.2	that has all those great slogans which really resonate with me like, don't live below your
1:36.4	means, expand your means, and don't work for money, work for knowledge. That is next month with me
1:44.1	for the, what shall we call him,
1:46.4	that quotable businessman, financial education mogul, and, you know, I think of him as really
1:52.4	a branding icon. It will be Mr. Kiyosaki's debut with me here. We've also got Kiyosaki's
1:59.0	Ritzstead Advisor for Real Estate, Ken Mcroy, returning to the show some time after that.
2:03.7	And, you know, if that's not enough, we've also got a great guest coming on after Mr. Kiyosaki and Ken McElroy,
2:10.0	and that guest is going to tell us how to predict real estate prices. Yes, after Kiyosaki and
	...

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