If you can start making decisions from that higher level brain, from that rational brain,

you're going to make less mistakes.

And you may be saying, well, I want to raise money, but I don't have experience.

I don't understand the framework as well.

Think about what your situation is.

Do you want to start raising capital. Hello and welcome. My name is Gino Barbero, one of the co-founders of Jake and Gino. And in this

lesson, we're going to be discussing specifically tips on raising capital. Now, I'm hoping to get

into breaking it down to the beginner, the intermediate, and the advanced. If I can't finish

it in this week's show, I'm going to carry it over into next week's show because I think

it's important. Before you start giving tips and you start telling people things they need to do

and strategy, let's start first with the vision. And let's start first with why are you raising capital?

And let's start with should you be raising capital at all. Is this something you heard and you

have a single family property and you need to scale into multifamily because that's what everyone's

doing or that's what everyone told you to do? It made me right for that person telling you that advice,

but it may not be right for you. And that's how I felt early on when I started in my investing

journey with Jake in 2011, we didn't have money. We had very, let me rephrase that. We had enough

money to get into our very first deal with owner financing. That's how much money we had. But I had a desire. I had a

willingness to learn and I had a little bit of patience. I didn't need to buy a hundred unit property on my first deal. We bought a 25 unit, as I like to affectionately call it, a little crack den, but the numbers made a lot of sense.

And that's what we could afford at the time.

25 units had 10% as bank financing and 10% of seller financing.

We needed $83,000 as a down payment.

So it was me, Jake, and my brother, the three of us. We each each had to come up with 27 grand each.

...