How To Select a Market to Buy Your Next Multifamily Deal

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

🗓️ 31 October 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Gino Barbaro, co-founder of Jake and Gino, as he dives deep into the art of selecting the perfect market for your multifamily property investments. In this insightful episode, Gino shares his experiences, the challenges he faced, and the pivotal questions every investor must ask before making a decision. From understanding the dynamics of cash flow and appreciation, analyzing economic stability, to gauging rental market supply and demand, Gino covers it all. Additionally, he provides invaluable resources and websites to aid in your market research journey. If you're new to multifamily investments or looking to refine your strategies, this is a must-watch! And remember, the right market for you might not be right for everyone. It's all about aligning with your personal goals. Useful Links: IRR - http://www.irr.com/ BLS.gov - http://www.bls.gov/ Cushman and Wakefield - https://www.cushmanwakefield.com/en Marcus & Millichap - https://www.marcusmillichap.com/ Colliers - https://www.colliers.com/en Like, comment, and subscribe to get more insights and tips on multifamily investments. Let's create a community of financially intelligent individuals and change the world for the better! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/ #multifamilyinvesting #apartmentinvesing #multifamilysyndication #realestatetrends #investingstrategies #financialstrategies #personalfinance #entrepreneurlife #businessgrowth

Transcript

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0:00.0	People are coming in every day.
0:01.1	If you have 100 people coming into your city every day, that taxes the services.
0:05.3	You need more buses.
0:06.6	You need more roads.
0:07.7	You need more schools. Hello and welcome. My name is Gino Barbro. I am one of the co-founders of Jake and Gino.
0:37.4	And on this how-to episode, we're going to be diving into how to choose the right market to buy your next multifamily.
0:44.9	This is a challenging one for me when I first started out because my backyard was not a great place to buy multifamily.
0:50.6	So the question that we need to ask yourself when you're listening to this podcast,
0:55.7	to invest in your backyard or not, that is the question. First thing you need to really simply
1:03.4	ask yourself is, are you trying to achieve cash flow or appreciation? Well, I hope you're saying
1:08.5	both because that's what we're really trying to accomplish,
1:11.2	but that's just not possible in some markets. Some really depressed markets that have quote-unquote
1:16.6	high cap rates. They're great to invest with cash flow, but those markets don't appreciate that much.
1:22.2	And then you have other markets like the one I lived in years ago in New York. It was just a high
1:26.6	appreciating market.
1:27.9	If you're buying these assets when the market is going up, you're going to get appreciation.
1:32.6	You're not going to get much cash flow.
1:34.4	But when the market resets and you don't have the time to hold on, you have to sell, you're going to get burned in these markets.
1:39.8	So the first thing is to ask yourself, what am I trying to accomplish?
1:43.3	Now, the first metric that we always like to look at when we're analyzing a market,
1:50.4	if it's not in our backyard and we're going out of our territory, the economic stability
1:55.2	and the growth of that market.
	...

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