How to buy your first rental property [Beginner Strategies]
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 6 December 2021
⏱️ 10 minutes
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Summary
Transcript
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| 0:00.0 | Have you thought about buying your first apartment complex, but just don't know where to start? |
| 0:11.0 | Well, in this video, we're going to add a framework on how to buy that first department complex. |
| 0:16.0 | Because remember, we don't lack motivation. |
| 0:18.0 | We lack clarity. |
| 0:19.0 | And I'm going to give you clarity on how to get that first |
| 0:20.9 | department complex. Let's get to it. First one, decide. Just decide about multifamily. Wanting to |
| 0:31.1 | challenge your limiting beliefs. What's holding you back? I had the same limiting beliefs that |
| 0:36.3 | a lot of you out there had. I didn't have the |
| 0:38.4 | time. I didn't have the money. I didn't have the education. I didn't have the experience. I |
| 0:43.3 | have the credibility on and on and on. Once I decided that multifamily was the way for me to go, |
| 0:50.1 | that's it. I had that inflection point in my life. I wanted to go. I had the clarity. Decision made. Burn the ships. That was really very important to me. The next step is massive education. I started in other niches before I got into multifamily. I didn't have education. Terrible idea. I didn't know what I was doing. I thought I was saving money by not investing in my education. Well, I lost a lot of money. |
| 1:16.4 | There are two ways that you can learn. You can either learn on the street like I did, which is really, really expensive, or you can learn from a mentor, from a coach. |
| 1:25.1 | That's the way I ended up learning multifamily, and the rest is history. |
| 1:28.7 | For me, it was amazing. |
| 1:30.0 | At Jake and Gino, we like to say education times action equals results. |
| 1:34.5 | But if you haven't decided and you haven't thought about taking education, you don't know |
| 1:39.1 | where to go. |
| 1:39.8 | You're like a ship without a rudder. |
| 1:41.8 | The next one, where do you start with that education? Start with a mentor. |
| 1:47.3 | There's two ways to do it. Either pay to play like I did or you seek to serve. Go out there, |
| 1:53.7 | find a partner, find a mentor, find someone who's going to help you or someone that you can |
| 1:58.5 | add value to. It's all about adding value to someone else. |
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