Hey, everybody, Jake and Gino here. And today we're talking how to use bridge financing

to purchase your next multifamily apartment investment. Gino, why are you going to use

bridge when there's all these other great products out there? Yaki boom boom.'s me great question you know why the market is hot and we need creative financing techniques

bridge is one of them i want everyone to think of this picture a bridge from going from one place to

next that's what bridge financing is is is just temporary. Once you get over that

bridge, you'll be okay. Gang, here's how we've used bridge financing to purchase 1,700

apartment units. Now, we haven't used the traditional bridge, but we've used the bridge. Now, what do I mean by that?

We've actually used our community banks as bridge. And here's the reason why they make our lives

so freaking easy. The GDAD over there likes to call it-E on my imaginary board, which stands for return on effort.

Took the words right out of his mouth if you noticed that.

Man, I was going to say the return on effort. You know why? Working with the community bank is such a pleasure. Once you start working them, Jake, what happens? Hey, can you transfer money for me? Can you wire something for me? Can you send this account over to me? I mean, it is amazing what you can do. And I'm going to give you a little golden nugget here. All you need to do is start opening up checking accounts and deposit accounts with them. And they will want to work with you because it's all about, we're not going to get into this in this video, but it's all about fractionalized banking. They want to lend your reserves. It's important that

you understand that. You have some leverage in this relationship, but the community bank will make

your life a lot easier. And that's what we're all about in real estate is if we can go to a community

bank, we know we have that financing. We're talking about

the finance right portion here, gang, finance right. We have buy right. We have managed right. This is

finance right. And this is powerful. Because once you do it, that back leg of the wheelbarrow,

it is done and you are ready to go. Okay. I'm going to give an example. This is why it makes

sense at this part of the cycle to use bridge financing with a

community bank the way that we do it.

Okay.

Say you have a late 90s product, really nice vintage, good area, good, you know, median income,

well maintained, but you had a mom and pop owning it and the rents are suppressed.

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