How to Assess Risk in A Multifamily Deal | 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

🗓️ 12 March 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Gino Barbaro, co-founder of Jake and Gino, in this comprehensive guide on how to navigate risks in multifamily real estate investments. Whether you're pondering the solo journey, considering venturing with partners, or looking to syndicate and raise capital, this video is your roadmap to informed decision-making. Timestamps: 00:01 - Introduction and assessing personal risk 02:26 - Education vs. Action: Learning from Mistakes 04:42 - Assessing the Syndication Team 07:03 - The Importance of a Business Framework 09:27 - Underwriting and Assessing Financial Risk 11:54 - Running Out of Time or Capital What You'll Learn: Personal risk assessment and the importance of investing in oneself The distinction between solo operations and syndicating deals The critical role of education and having a clear process Evaluating the market, business model, and the deal sponsor The advantages of vertical integration and managing projects efficiently The significance of a solid business plan and adhering to a buy-right, finance-right, and manage-right strategy Underwriting practices, debt service coverage ratio, and conservative forecasting The dangers of bridge financing and the importance of sufficient capital for improvements Special Offer: For those eager to dive deeper into multifamily investing, visit jakeandgino.com/apply to start your journey towards scaling your portfolio with the right strategies. Free Resource: Email Gino at gino@jakeandgino.com for a free PDF copy of "Wheelbarrow Profits," a guide to understanding our three-step framework for successful multifamily investing. Closing Thoughts: Investing in multifamily real estate is not just about selecting the right properties; it's about assessing risks at every level, from personal to project, and ensuring your approach is solid, sustainable, and aligned with long-term goals. Remember, real people doing real deals is the Jake and Gino way. Thanks for watching, and we look forward to guiding you to your next successful deal.

Transcript

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0:00.0	Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake and Gino. And in this how-to
0:05.3	video, we're going to be discussing how to assess risk in multifamily deals. We can go out
0:12.3	from a couple angles. Are you going to be a solo operator going by yourself and join venturing with
0:18.2	partners or are you going to go out and syndicate deals and raise capital
0:22.6	and become a general partner there's different risks in both models now when jake and i started out
0:27.3	we only knew one way it was invest in ourselves we're going to partner up we don't need investors
0:33.2	the problem with that kind of risk and and for me, I was fortunate.
0:38.1	Actually, Jake was fortunate because it was life before Jake.
0:41.1	I made all the mistakes.
0:42.8	I had no process.
0:44.3	I didn't know what I was doing.
0:45.3	I was winging it.
0:46.6	I had a shiny object syndrome.
0:48.7	So assess risking a multifamily.
0:50.3	The first thing you need to do is assess risk in yourself and what kind of experience you have
0:55.2	and what kind of financial blueprint or money blueprint do you have.
0:59.3	I was all over the place before I met Jake.
1:01.6	So I was the risk, let alone multifamily or any real estate.
1:05.1	Once I learned how to invest in multifamily and once I learned how to become an investor, the risk started to
1:14.3	diminish. That's really important. Let's look at ourselves first. Let's understand what our goals are
1:22.1	in any investment. We need to invest in ourselves before we invest in the investment itself.
1:28.3	And that was my mistake.
	...

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