How To Get Started as a General Partner in Multifamily | How To with Gino Barbaro

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 20 February 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to our latest how-to video featuring Gino Barbaro, co-founder of Jake and Gino. In this insightful session, Gino dives deep into the world of multifamily investing, specifically focusing on the journey from being a limited partner (LP) to stepping up as a general partner (GP). This video is perfect for both newcomers and seasoned investors looking to expand their paths in real estate. Gino shares his personal experiences and the lessons learned along the way, emphasizing the importance of education, due diligence, and aligning with the right syndicator or operator. He outlines the pivotal steps to becoming a successful GP, including starting as an LP to gain credibility and understand the business, transitioning to a co-GP role by leveraging your unique skills, and eventually leading your own deals as a GP. Key Highlights: The benefits of starting as an LP to "test the waters" of real estate investing. Essential tips on learning the business through resources like the free PDF copy of "Wheelbarrow Profits." Insights into the roles and responsibilities of LPs and GPs, including underwriting deals, managing properties, and communicating transparently with investors. Strategies for adding value as a co-GP, including sweat equity, capital raising, and investor relations. Gino's personal journey from owning small properties to successful syndications after gaining experience and credibility. Gino's story is a testament to the power of partnership, education, and strategic growth in real estate investing. Whether you're aspiring to become more actively involved in real estate or looking to scale your current investments, this video provides valuable guidance and inspiration. For more insights and resources on multifamily investing, email Gino at gino@jakeandgino.com for a free copy of "Wheelbarrow Profits" and visit our website for additional educational content. Subscribe to our channel for more real estate investing tips and strategies, and hit the bell icon to stay updated on our latest videos. Your journey to becoming a successful general partner in multifamily investing starts here! #JakeAndGino #RealEstateInvesting #GeneralPartner #MultifamilyInvesting #InvestmentStrategies #RealEstateEducation #SuccessInRealEstate

Transcript

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0:00.0	Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake and Gino. And in this how-to
0:05.5	video, we're going to be discussing how to get started as a general partner in multifamily. And it's
0:12.3	important because when Jake and I started, we only knew one way of getting into real estate. And I think a lot of
0:19.9	newer investors only have one path. When you
0:23.4	only have one path, you may become desperate with that one path. The more tools that you can have,
0:30.4	it gives you the more options. The more options that you have, the better the quality of life
0:35.3	that you will be able to lead and the more the deals that
0:39.1	you can get done. So starting off as a general partner, one of the easiest ways to be able to
0:45.8	get into real estate by starting off as a general partner is becoming a limited partner,
0:52.3	an LP. That's investing passively in a deal. And what does that allow you
0:58.0	to do? Well, to me, it allows you to do a couple of things. First of all, it allows you to put your
1:04.3	toe in the water, to test it to see if you actually like real estate. It also allows you to say to others,
1:14.8	yes, I am an equity investor in a deal. It may give you some credibility. You may not be
1:19.9	actively running the deal, but you do own real estate. And what I love about it is once you
1:26.4	start putting skin in the game in anything,
1:29.6	you start paying attention. Now, let's not dismiss the fact that you need to learn the business.
1:39.2	I don't want you tomorrow to go out and stroke a $50,000 check and hand it to somebody who's a general partner
1:45.8	in a deal and say, invest my money in the deal. That is not what I am saying. What I am saying
1:53.2	is to go out, learn how to buy right, manage right, finance right. Quickest way to do that is email me gino at jake and gino
2:03.6	dot com and i will send you over a free pdf copy of our book wheelpower profits it talks about the
2:09.1	framework understand that as a limited partner really your objective is to align your goals
2:16.2	what you're trying to accomplish, what your risk
	...

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