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Jake and Gino Multifamily Investing Entrepreneurs

How To Avoid The Next Crypto Collapse

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

🗓️ 19 December 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

On this episode, Jake and Gino talk about the dynamics of investing in crypto. Key insights: 00:00 Introduction 00:40 Avoiding the next collapse 01:50 If it doesn't cash flow, let the grass grow 04:45 Why apartment investing 06:27 Invest from long-term perspective 09:25 Look for stable assets 11:00 Seller financing is back 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/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting #multifamily #realestateinvesting #commercialrealestate #loopnet #costart #biggerpockets #realestateinvest #multifamilyapartment #apartmentbuildings #multifamilydeals #multifamilyanalysis #analyzemultifamily #Multifamilyunderwriting #multifamilycommunity #multifamilyinvestors

Transcript

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0:00.0

How Brady, Jenkins, You know, here, and today we're discussing how to avoid the next

0:27.4

crypto collapse, fill in whatever kind of hip investment you want, crypto.com bubble, housing crash crash whatever you want to put in there how to

0:39.6

avoid the next collapse gang i'm not here to say that crypto is good or bad um i'm simply here

0:46.8

to say why i choose not to invest in it he's here to say it's bad who is he kidding he keeps i'm not

0:51.4

saying it's bad it's a really rip cool thing. I just don't. I think

0:56.0

crypto sucks. Guys, it goes back to what Warren Buffett said. He said, unlike apartments that produce

1:02.7

rental income or farmland that produces food, the only way to get value from Bitcoin is to sell it to someone

1:10.5

else. Okay. This explains the difference

1:12.9

between a productive asset and something that depends on the next guy paying you more. Think about

1:19.3

this. This sounds a lot like the greater fool theory. You got to keep paying more to basically

1:25.0

prove the value in the asset. And we are not ones for irrational

1:29.3

exuberance. We believe investing in a quality vehicle for the long term. And we believe that's

1:35.6

right for our families. So, Gino, what are we doing to profit and avoid the next crypto.com bubble,

1:43.7

housing crash, etc.

1:45.6

Oh, it's amazing that you made that point. Before I list out the three, I need to say something,

1:49.6

Jake, right now to all the listeners about cash flow and about the greater fool theory.

1:54.2

If it don't cash flow at the grass grow? Yes. And what's happening right now, cash flow

1:57.8

seems like it's coming back. The irrational exuberance of the last

2:00.9

few years really quelled cash flow where people in New York City are buying a one bedroom for a million,

2:06.3

then a million two, then a million four. And what happens is as the market cycle lengthens,

2:11.6

all of a sudden there's a lot of greater fools out there. Be careful what that happens,

2:16.5

because what happens is your cash flow starts to decrease.

...

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