How To Establish Your Buy Right Criteria In Multifamily
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 24 January 2022
⏱️ 8 minutes
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| 0:00.0 | everybody, Jake and Gino here. And today we're discussing how to establish your investment |
| 0:12.5 | criteria. Gino, I've said it a million times clarity will set you free as a multifamily |
| 0:17.8 | entrepreneur. That's what we are. We are multifamily entrepreneurs. |
| 0:25.4 | We've been getting some questions lately around what our investment criteria looks like. |
| 0:29.1 | These type of questions are great. They get me excited because I know someone is in the right path when they're asking these types of questions. These are the right questions. |
| 0:33.1 | So many folks out there are looking for deals, but they don't know what good looks like, or if they even |
| 0:39.0 | did, are they able to pull the trigger at that time? Because they're still confused. They don't have |
| 0:42.3 | that clarity. And that's a huge mistake. Six years ago, we wrote the book on this, |
| 0:46.3 | Will Barrow Profits, Buy Right, Manage Right and Finance, right? That's the bad boy right there for the |
| 0:50.6 | YouTube folks out there. So here's a deal, gang. It's an effective framework. It allows you to constantly check yourself to make sure you're on the right path when investing in |
| 0:59.7 | apartments. So, G Daddy, G Papa Funk. Do you, sir, have your buy right or an investment criteria |
| 1:05.7 | ironed out? And if so, what does it allow you to do? When we first started, trip down memory lane, |
| 1:13.5 | we had no exit strategy, we had no understanding of market cycles. |
| 1:15.3 | We had no money. |
| 1:16.1 | We were out there just looking for deals. |
| 1:19.0 | What's a deal? |
| 1:20.1 | And the funny thing is when most students start in the Jenkinsio community, they're looking |
| 1:24.5 | for deal flow. |
| 1:25.7 | And I say time out. |
| 1:27.2 | We need to learn the fundamentals. The first thing about when you're looking for deal flow. And I say time out. We need to learn the fundamentals. |
| 1:28.9 | The first thing about when you're looking for- John Madden, it's all about blocking up front, |
| 1:31.8 | baby. Sorry. Shout out to John Madden. It's true. It's true. And when you're looking for deals, |
... |
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