How To Invest In Multifamily, Jake and Gino's Proven Key Principles | How To with Jake and Gino

Jake and Gino Real Estate Entrepreneurs

Jake & Gino

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

5 • 831 Ratings

🗓️ 10 July 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Jake and Gino as they discuss their multifamily real estate investing journey in this insightful video. Learn how they progressed from landing their first 25-unit mom and pop apartment complex deal to growing a thriving business over the years. In this video, Jake and Gino share the key principles that led to their success in the multifamily real estate business. Long-Term Mindset: Understand that real estate investment, particularly in multifamily housing, is a marathon, not a sprint. Don't expect quick gains but look forward to long-term rewards. Goal Setting: Clearly outline what you want to achieve with real estate investing. Do you plan to quit your job in 3-5 years or just supplement your income? Having a clear plan will guide your actions. Education: Equip yourself with the necessary knowledge. Read books, join groups, consider getting a mentor. The more informed you are, the better your decisions will be. Market Selection: Choose a market and thoroughly understand it. Being an expert in your chosen market can increase your success rate. Broker Relationships: Build valuable relationships with brokers, the gatekeepers in real estate. Enhance your communication skills to deal effectively with them. Deal Analysis: Learn to differentiate good deals from bad ones. Your success in the industry largely depends on this skill. Make Offers: Do not hesitate to make offers on properties that fit your criteria. Remember, each rejection is a stepping stone to success. Financing: Familiarize yourself with different financing options. Jake and Gino started with community banks and now have the majority of their portfolio with agency lenders. Autonomy: Aim for financial freedom and autonomy. Real estate investing should ultimately grant you the power to make your own life decisions. Remember, success comes with time. Every step, no matter how small, is progress. With patience, persistence, and these valuable tips, you can turn multifamily real estate investing into a flourishing business. Don't forget to join us at our upcoming event, Multifamily Mastery 6, to expand your knowledge and network with other real estate investors. Find out more at jakeandgino.com/MM6.

Transcript

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0:00.0	Hello, everybody, Jake, Gino here, and today we are discussing how to get started in multifamily apartment investing.
0:06.5	Gang, the beautiful thing about apartment investing is that it's a team sport and there are many ways to get in the game,
0:12.2	from syndications, smaller deals with partners, and there's plenty of other creative solutions we've done just about all of them.
0:20.3	So today we're
0:21.2	going to unpack these and hopefully shine some light on your future path and also discussed
0:26.2	what has worked for us, hopefully going to shorten that learning curve. G Daddy, G. Papa,
0:31.5	Funk, Gno Barbera with the six kids. How's it going, sir? Doing good, Jake. How you doing,
0:37.2	brother? Always making it happen, big man. going, sir? Doing good, Jake. How you doing, brother?
0:39.5	Always making it happen, big man.
0:42.3	So, Gino, break this down for us.
0:45.1	What do you think of starting an apartment investing?
0:47.7	Where do you think people get the kickoff here?
0:56.7	Well, the biggest mistake that I see from, whether it's our students or people trying to get into the game, they don't start they think they need to have everything all in alignment the stars need to align and then they'll go and that
1:02.5	happens in everything in life i'll give you a quick example we just launched the website if i had
1:07.2	waited to that website was perfect and every link wasn't broken and every picture of Jake was spotless.
1:11.6	There was 400 broken links. Hey, the pictures of me are always spotless.
1:14.8	You don't got to worry about that.
1:16.3	My point being, we'd still be talking about launching the website.
1:21.2	Jack Butcher said it best, get going, then get good.
1:25.3	And that describes Jake and Gino's journey.
1:27.7	We just got going because I had made so many mistakes prior.
1:31.6	And I think that's what we all get caught up in.
	...

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