How To Buy Your First Multifamily Deal: Insider Strategies and Long-Term Investing Tips Revealed!

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 19 June 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Unlock the secrets of successful long-term multifamily real estate investing in this insightful conversation between industry veterans, Jake and Gino. This video is packed with invaluable tips and strategies that every aspiring real estate investor needs to know. Dive deep into the essentials of multifamily real estate investing as our experts discuss: 1. Understanding Key Market Indicators: Learn why it's crucial to understand job growth, wage growth, rent growth, and population growth before investing in any area. 2. Crafting Your Strategy: Hear about the importance of knowing what type of deal you want to pursue, whether it's value-add deals, distressed assets, or something else. 3. Becoming a Savvy Investor: Discover how having a clear strategy can allow you to evaluate potential properties aggressively and make informed offers. 4. Embracing Long-Term Thinking: Get insights into why thinking in terms of decades, not just quick gains, can lead to real estate investment success. Jake and Gino are committed to making you a smarter investor, equipped with the knowledge and skills to buy the right properties for the long haul. Join us at the upcoming 'Multifamily Mastery 6' this October in sunny Orlando, Florida, for more in-depth discussions and learning opportunities. Stay tuned, and don't forget to subscribe for more insider knowledge on multifamily real estate investing!👍 #RealEstateInvesting #MultifamilyInvesting #LongTermInvesting 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/

Transcript

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0:00.0	People running to the exits right now.
0:01.7	It's very similar to what was happening back in 2012 and 13, going into recession.
0:05.5	All of a sudden, there's less money.
0:07.5	There's less enthusiasm.
0:09.0	People aren't as opportunistic right now as they were a couple of years ago.
0:14.3	And you look at back in 2013, we bought the asset properly.
0:17.4	We bought it for $600,000, Jake and Gino here, and today we're discussing how to get your first
0:47.8	multifamily deal. Gang, we're going to share our experiences and our framework to getting
0:52.6	that first deal done, And we believe that lack of
0:55.4	clarity and experiences is ultimately what's holding many of you back. So today, we're going to
1:00.8	peel back that onion and describe what we should have done differently. Gino, how's it going?
1:05.7	Doing great, Jake. How are you? Always making it happen, big man. So, Gino, we got lucky on our first deal i i'm going to say it we got
1:13.0	lucky we're in the right place at the right time but we're also in the right vehicle which was
1:17.8	multifamily apartments so share with us that first deal and ultimately why were we lucky gino jake
1:24.1	you got lucky i didn't get lucky, because I got hooked up with you.
1:30.5	And for those of you listening right now, if you like, give us a like, subscribe to the channel.
1:35.1	Because on these how-toes, we dive into all different topics in multifamily. This is just talking
1:39.6	about how to buy your first multifamily. We talked about rubs. Last week talked about insurance.
1:43.9	We talked about biarray criteria. We talked about financingubs. Last week talked about insurance. We talked about
1:44.4	buy-right criteria. Talk about financing these deals and these how-to videos. So please like and
1:48.8	subscribe to the Jake and Gino channel. But the reason why I say you got lucky is because I was the
1:53.5	one early on before I met you. I took a lot of punches. I took a lot of body blows because I
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