How To Select The Right Partner To Invest In Real Estate
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 21 May 2024
⏱️ 12 minutes
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| 0:00.0 | Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake in Gino. |
| 0:05.0 | And in this how to lesson, we're going to be discussing how to start a business with a partner. |
| 0:11.0 | More importantly, how to select the right partner for your business. |
| 0:17.0 | I'd like to start out with a story on how I miserably failed at selecting my first partner. |
| 0:25.2 | And in life coaching school, when I went to school, I learned what is called an energy block. |
| 0:32.7 | An energy block is anything that holds us back, whether it's internal or external. Internal is our thoughts. |
| 0:40.7 | And believe it or not, 95% of what holds us back are our internal thoughts. 5% are the external. |
| 0:47.3 | The economy, what's going outside, what other people are doing, things we can't control. |
| 0:52.1 | But internally, we can control them if we learn how |
| 0:56.1 | to and if we become aware. |
| 0:57.3 | Now, there were four parts to the energy blocks. |
| 1:01.1 | We call them Gales in life coaching school at IPEC. |
| 1:05.8 | Gremlin is the highest energy block. |
| 1:08.6 | Gremlin is those inner thoughts that you think of. I'm not good enough. I'm too |
| 1:12.2 | ugly. I'm fat. I'm stupid. Those really restrict you. Those are really, really challenging. |
| 1:18.2 | The A for Gail is assumption, which is what we're going to be talking about right now, |
| 1:22.8 | specifically to the story for myself. Anything that's happened to you before, it's like, wow, holy, |
| 1:29.4 | that's happened. I can't do it. For instance, getting into a partnership, it fails. Well, |
| 1:34.0 | the next partnership is going to be marred in your thinking. The same thing with getting into |
| 1:38.7 | real estate. Losing money. Well, that's too risky. I can't do that again the i is an interpretation how we |
| 1:46.0 | interpreting things in life is so truly important to the outcome if you're starting off in real |
| 1:51.4 | estate and you're trying to talk to brokers and you're picking up the phone or you're emailing |
... |
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