How We Just Made a 33 Unit Deal | How To with Gino Barbaro

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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

5 • 831 Ratings

🗓️ 10 October 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to another episode with Gino Barbaro, co-founder of Jake and Gino! In today's video, we're breaking down the process behind closing a 33-unit multifamily property and showing you how to attract deal flow in a competitive market.

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake and Gino. And in this
0:05.9	today's video, I really want to focus on the deal that we just closed. Jake and I just closed the
0:12.0	33 unit. That comes on the heels of closing a 67 unit deal back in July. We closed the 62 unit back
0:20.6	in August. And we closed the four unit back in July. We closed the 62 unit back in August and we closed the four unit back in April.
0:24.5	And in this video specifically, I want to discuss with you and really show you how we've been
0:30.1	able to attract deal flow. In a market, typically, where everyone's clamoring, there's not enough
0:34.6	deals out there. That's the first thing I want to focus on this lesson. And the second part is how do we buy it and how do we incorporate the buy right,
0:42.0	the manage right, and the finance right into this deal to make it, I would say,
0:46.6	life-changing deal. Even for myself, I own over 1,800 units with Jake. But these 33 units,
0:52.6	I want to show you how 33 units, and to some of you,
0:56.8	that may be a small deal, and to some of you that may be unfathomable, but 33 units can change your
1:05.1	life, one deal. What does one deal look like to you? It could be life-changing or it could be just another deal on the conveyor belt that's going to print money for you.
1:14.6	So let me start off by saying the buy right.
1:16.6	When we looked at this 2008 build, number one on that checklist is the vintage.
1:23.6	We really were fell in love and really attracted the vintage.
1:26.6	As I'm talking, what I want you to be
1:29.1	doing right now is thinking about what your buy right criteria is. If you're in single family
1:33.9	homes, if you're in mobile home parks, if you're in self-storage, whatever real estate niche
1:39.3	you're in, you need to have a criteria to buy these assets. Unfortunately, well, well, fortunately, it does change
1:46.7	over time as market cycles start cycling. When Jake and I started back in 2011, the cycle at that
1:54.0	time was a buyer's market. We were buying much older assets because of how high their cap rates
1:59.5	were and how much value we were able to
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jake & Gino, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jake & Gino and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.