How to buy your first rental property [Beginner Strategies]

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

🗓️ 15 November 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're new to real estate investing or multifamily real estate investing in this video you're going to learn how to buy your first rental property. Gino breaks down actionable tips, strategies and key terminology to help you get started without making costly mistakes in your real estate investing journey. Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://www.youtube.com/jakeandgino/sub_confirmation=1 Sign up for free training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Transcript

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0:00.0	Everybody, Jake and Gino here.
0:08.6	And today we're talking about how to have confidence in your due diligence.
0:11.8	Now, this is a very interesting question because not all sellers are created equal,
0:17.8	to say the least.
0:19.1	Not all size deals are created equal when it comes to due
0:21.9	diligence. Not all organizations are at the same level of proficiency in professionalism. So this is,
0:29.2	this is a wild topic, you know, and I think you have a couple stories. We can even talk about our
0:33.4	first deal, but share some of your experiences with unprofessional due diligence that
0:37.8	was lacking in your confidence to say the least when purchasing real estate.
0:43.8	Jake, to me, this is a very touchy subject because this was the bane of my existence when I
0:48.2	first started investing in real estate. I didn't know what proper due diligence was.
0:53.6	I was winging it.
0:55.4	What I want you to do is if you want our checklist for Jake and Gino, there's over 28 items that we use during due diligence.
1:01.8	Now, that seems like a lot of everybody.
1:03.3	But once you've got the checklist, the framework, boom, but you send it over to your attorney and say, this is what I want.
1:09.0	I wish I had that in the beginning.
1:16.0	The words that I live by now, famous Ronald Reagan, I think said them, trust, but verify.
1:20.7	You want to go into the transaction. So appropriate. Trusting the other side, but you need to verify everything. But what do you need to verify? When I first started out, I didn't know what to verify. I just saw the property. I saw some numbers.
1:28.6	Let's go.
1:29.1	But there are so many things that you need to get.
1:31.4	I mean, when we first started our courtyard deal, I remember that?
1:35.1	We got chicken scratch.
	...

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