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Jake & Gino: Real Estate Investing & Multifamily

How Values-Based Decision Making Provided Us Clarity On When To Sell One Of Our Multifamily Properties

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9842 Ratings

🗓️ 29 September 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

“Life shrinks or expands in proportion to one's courage.” - Anais Nin In this episode, Jake and Gino discuss how values-based decision making has impacted a tough choice they had to recently make in their real estate investing business.  They recently sold a multifamily property in Louisville, KY, which is a rare occurrence as they typically like to hold assets for the long term. There were some changes in the state of Kentucky that did not align with their values. George Washington said “Freedom and Property Rights and inseparable. You can’t have one without the other.” We value freedom and property rights and therefore, it was time for us to walk away. We challenge you to begin creating core values for your business, if you haven’t already. If a situation arises that is not in alignment with your values, then you can act on it and continue to live by those values.   Key Insights: 00:00 Introduction 01:00 Why values-based decision making 02:01 Non-alignment with your core values can cost you dearly 03:42 How to figure out your core values 06:18 How Jake & Gino apply values-based decision making in their Multifamily deals/transactions 11:40 The 100 Year Mindset 14:38 “Life shrinks or expands in proportion to one's courage.” - Anais Nin 19:15 Your happiness with your spouse is most important 21:10 You need clarity to design your life 23:20 “We see the world, not as it is, but as we are──or, as we are conditioned to see it.” - Stephen R. Covey Check out the podcast to learn how values-based decisions can help you transform your life too. Additional resource: Why Values-Based Decision Making with Rick Sapio: https://ytube.io/3M3a Download our eBook on how you can leverage on our Dual Asset Strategy and become your own source of financing: https://100yearrei.com/ebook-download/   If you want to learn how 100 Year Mindset can help you create consistent cash flow income streams and long-term generational wealth, get in touch with our Team now: https://100yearrei.com/callnow/

Transcript

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0:00.0

Hello, everybody. Welcome to the 100-year real estate investor. We're your host, Jake and Gino,

0:11.2

and this is the show dedicated to long-term personal financial engineering. GEDA, how's it going?

0:16.8

Beautiful sunny day in St. Augustine, a little bit of a chill out in the air, 75 degrees.

0:21.4

Got a cold front moving through, Stensie. How you doing?

0:23.5

Hey, we got the same thing going on up here in Tennessee, man.

0:26.2

If you're just living the dream, beautiful weather, beautiful economic climate.

0:29.9

You know how we're doing it.

0:30.9

You know exactly what's going on here.

0:32.2

So, Gino, we recently exited a property, and this was based on values based decision making. What's going on

0:41.2

with that? We don't like to sell stuff. What's going on here? Jake, this is a challenging one for us because

0:46.7

in the beginning when I first met you, if I had said to you, Jake, we're getting together because of

0:51.4

values based decision making. You'd be like, are you an idiot?

0:54.4

What are you even talking about? But this is the crux of life, everybody. Every decision that I look

1:00.8

back on investing-wise that I've made or any decision personally in life that I've made that I've made a

1:06.9

mistake on or I've gone off the rails is because I never really flushed out our values.

1:13.5

Now, as everyone's listening to this, just close your eyes real quick for me. You too, Stensie.

1:17.7

What are your values? Have you ever stopped and thought about what your values are?

1:22.5

I can't tell you what your values are. You need to understand what your values are.

1:26.5

And once you you got a big

1:27.9

grasp of what they are, let's start living by them. Haven't had you paint a picture yet. You

1:32.6

cheated. You opened your eyes. You know what your values are. Hold it. Hold it. We have our core

1:37.4

values fleshed out. People first make it happen. Growth mindset, unwavering ethics, extreme

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