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Jake and Gino Multifamily Investing Entrepreneurs

From Fishing Boat to Fortune: Lane Babin’s Journey in Real Estate | Movers and Shakers Podcast

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

🗓️ 1 November 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

Welcome to the Movers and Shakers Podcast! In this episode, Gino Barbaro chats with Lane Babin, a former environmental consultant turned real estate investor. After spending 17 years in corporate, Lane took a life-changing plunge into real estate in 2021. Fast forward three years, and he’s amassed 55 single-family rentals, taken on a GP role for a 77-unit multifamily project, and has become a beacon of motivation for those looking to achieve financial independence.

Transcript

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0:00.0

Hello and welcome to the Movers and Shakers podcast.

0:10.2

My name is Gino Barbaro, co-founder of Jake and Gino, multifamily investor, educator, father, and mentor.

0:16.9

Today's guest is Lane Babin.

0:18.8

Before investing in real estate, Lane spent 17 years working as an environmental consultant and project manager. In 2021, he shifted to full-time real estate investing and in a short three years, he has built a portfolio of 55 single-family rentals, yeah, and expanded into taking on a GP role overseeing a million dollars in renovation

0:39.0

projected for a 77 unit property welcome to the show mr lane how are we doing brother

0:44.3

thank you so much jane i appreciate that we're welcome i'm doing wonderful and excited to be here

0:49.4

and discuss the real estate with me all right let's get let's get the as jake likes to say the uh engine going over here why real estate what what drew you to real estate with me. All right. Let's get, as Jake likes to say, the engine going over here. Why real estate?

0:57.2

What drew you to real estate?

1:00.5

You know, it fell in my lap, I think. I remember this moment, 2017-ish, baby my one-year-old

1:08.9

daughter, saw a friend that just wholesale to single-family

1:11.9

property and made some money and posted something about it. And I looked into a little bit more

1:17.7

and said, me, there's something here. I've always watched these DIY network shows, right?

1:24.4

The thing that everybody sees or TV said, I feel like I could do that.

1:29.4

Drove right into reading Richette Ford at it and just poof, my mind changed. Everything changed.

1:36.8

Went to five months of listening to every book, every podcast. I actually listened to, I believe it was a

1:43.7

bigger pocket podcast with you and Jake on it

1:46.8

and fell in love with the idea of going to create something from real estate.

1:52.1

Lane, when you say your mindset changed, everything changed.

1:55.5

What changed?

1:57.2

The perspective that I was doing it wrong, I thought, after all these years.

2:05.6

Working hard, went to college, got a degree in a pretty stressful job at times, trying to work harder for my family, for my job, to get a promotion, to get more stress, to make someone

2:18.2

else wealthy. And I said, there's got to be a better way after listening to Rich Dad, we're

...

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