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Jake and Gino Multifamily Investing Entrepreneurs

A Journey from Single Family to Joint Ventures with Hendra and Mercy Tambunan

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

🗓️ 6 June 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Gino Barbaro from Jake & Gino as he hosts a fascinating conversation with Hendra and Mercy Tambunan, successful entrepreneurs and multifamily real estate investors. As former high-level executives who've transitioned from the single-family space to the multifamily market, they share their unique journey, invaluable insights, and strategies that helped them achieve success. In this episode, the Tambunans discuss how they leveraged their business acumen to navigate the multifamily space, and why they chose this route over franchise models. They shed light on the critical role mentorship, education, networking, and perseverance played in their multifamily journey. They also discuss their transition from syndication to joint ventures, emphasizing the importance of creating legacy wealth. Gino dives into the importance of understanding your brand, balancing family and work, and effectively scheduling tasks for efficiency and success. The Tambunans further highlight the value of community, connection, and offering value to others in their real estate journey. Don't miss this opportunity to learn about multifamily real estate investing, acquiring assets, capital raising, asset management, and how to provide value in the multifamily space. Whether you're stuck in single-family investments or looking for your next steps in multifamily, this episode is sure to provide you with the inspiration and motivation you need. For more information, reach out to Hendra and Mercy Tambunan at 510-270-2920 or visit their website at ideaboxcapital.com. Be sure to subscribe to the Jake & Gino channel for more expert insights on multifamily real estate investing. Get inspired by their story and learn how you too can transition successfully into the multifamily real estate investment space. Show Highlights: 00:00 - Intro 01:01 - The Journey of Hendra & Mercy Tambunan 01:49 - Reservations from Transitioning to Multifamily from Single Family Investing 06:53 - The AHA moment | Mindest Change that Pushed Hendra and Mercy to Education 08:08 - Post Education Mindset and Realizations 09:46 - Mercy Transitioning from W2 to Full Time Entrepreneur 10:48 - The First Deal Breakdown - Mercy Tanbunam 12:36 - Overwhelming the Family with Investment Opportunities 14:01 - Other Lessons Learned on the First Deal 16:10 - Working Together as a Couple and Education Experience 19:35 - Have Hendra and Mercy Thought about Brand and Core Values? 21:46 - What does the Future Look Like for Hendra & Mercy Tambunan 22:54 - Where can we Contact Hendra and Mercy Tambunan? 23:28 - Gino Wraps It Up | Show Summary Guest Website: https://www.ideaboxcapital.com/ Guest Linkedin: https://www.linkedin.com/in/htambunan/ https://www.linkedin.com/in/mercyhalimtambunan/ Guest Facebook: https://www.facebook.com/hendrat https://www.facebook.com/mercyht Guest Instagram: https://www.instagram.com/ideaboxcapital/ https://www.instagram.com/hendrat/ https://www.instagram.com/mercyhalimtambunan/ We're here to help create multifamily entrepreneurs... Here's how: 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/ [yotuwp type="videos" id="WrPAAoFPadI" player="width=0"]

Transcript

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0:00.0

Hello and welcome to the Movers and Shakers podcast. My name is Gino Barbaro, co-founder of Jake and

0:05.1

Gino, multifamily educator, investor, father, and mentor. And I'm a little frustrated today because

0:10.4

this is our second show on Riverside, so we're going to see how things fly today. That's how we do it

0:14.9

on the show. We can make it happen. Today's show, we have Hendra and Mercy Tamburnum. They first came to the U.S. as a foreign student after graduating college.

0:24.0

Hendra and Mercy worked jobs in Fortune 50 big companies, really, big four corporations

0:29.6

and the hospitality industry.

0:31.2

Let's stay away from the hospitality industry, everybody, just as an aside note.

0:35.0

Realizing that single family wasn't scaling fast enough,

0:37.7

they decided to join the Jake and Gino family

0:39.5

and jump into multifamily investing.

0:41.5

To date, Hendra and Mercy have been involved in seven projects

0:44.1

with more than 1,000 plus units as both the GP and the LP

0:48.3

and the LP and lead the San Francisco chapter of multifamily and more.

0:52.1

Welcome to the show, Hendra andendra and mercy how you guys doing doing great

0:57.4

gino thanks for having us though thank you dino got to be here let's talk about the journey because

1:02.5

before we started hitting the record button you guys have been on for three years and if you look back

1:07.5

three years ago would you ever imagine you'd be in this place right now,

1:12.8

three years ago, starting from San Francisco, starting as W2 employees, starting with all those

1:17.6

living beliefs and those doubts?

1:19.4

Walk me through the journey of how it's been for the last three years.

1:22.6

It's been great, though.

1:23.8

I mean, I wouldn't never, um, trading it for any other ways.

...

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