And having an exit strategy and exit for every single deal that you're looking at is very important.

Hello and welcome. My name is Gino Barberto, one of the co-founders of Jake in Gino.

And in this how to, I'm going to be discussing with you how to buy your first investment property properly.

I'm going to go through some of the mistakes that I made,

some of the painful mistakes that I want you to avoid. And I want to really start off by,

you know, building that foundation. So if you want to learn how to invest money into your very

first deal, listen on. When I started my journey, I did what most new investors do. I had some

money. And the first thing that I thought of was,

I just needed a deal. I've got $10,000. You put the dollar out. $50,000. I need to get a

return on my money. Quickly that I learned, that was the wrong thinking process. I want you to write

this quote down, and I want you to refer back to it as often as you can

when thinking about making a decision. A person with money meets a person with experience. The person

with the experience gets the money, and the person with the money gets the experience. And that's

exactly what happened to me in my first investment. I partnered up with

somebody. I had money. I had no idea about the vehicle, about the deal, about the due diligence,

about mobile home parks that I was going into. I just had money and I was looking for a return.

That's not what you want to do in your investing journey.

I think the first thing that you need to do is to reduce that risk.

You need to start creating the foundation.

And I love talking about money.

And this is a point where you should just stop right now and say to yourself, how do I truly

view money? Like what is my outlook on money?

...