Key Multifamily Real Estate Terms Demystified

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

🗓️ 25 April 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you know what do these terms mean: SREO; NOI; PFS; RUBs; Recourse & Non-Recourse debt; and so on? If not, this podcast is meant for you. On this episode, Jake and Gino demystify the key terms every Multifamily real estate investor should know about. Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Transcript

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0:00.0	Hey, everybody, Jake and Gino here.
0:08.4	And today we're discussing multifamily terms demystified.
0:12.8	Now, what the hell do I mean by that?
0:14.4	Well, I was a normal, you know, W-2 salesman starting off in multifamily.
0:18.9	And it's kind of like a little bit of a swamp in there
0:21.5	with some of this terminology. Gino, those, there's some things going on early on. I'd have to talk to a
0:25.8	broker. Oh, yeah, you need this, that. And the other thing, oh, we got that, man, every day,
0:29.1	all day, every day, every day. Two seconds later, eight, second, Kimisabi, I got you. So that's basically how ours went.
0:38.3	I don't know, Gino, you remember, you remember those days, kind of figure out the terminology?
0:42.6	Timeout. You were never normal. You're never going to be normal. So you're a W-2. You were the drug rep.
0:48.6	I was the pizza guy in the beginning. And if it wasn't for coaching and mentorship, I never would have gotten it. And listen, email me,
0:55.7	Gno, jacinjit.com. I'll send you a PDF copy. There is a beautiful glossy. Hold on the folks that
1:00.8	are not on YouTube, PDF copy of what? Passive investing made simple. I mean, let's a glossary,
1:05.0	about a four or five page glossary lost the lease, operating agreement, operating expenses, net operating income, market rent,
1:11.6	physical occupancy, preferred returns. The glossary is beautiful here, but Jake and I are going
1:15.0	to touch on three that we think are really crucial in the beginning, and we didn't know what
1:18.8	they were. But when you're starting out, for me, that mentorship and that coaching really
1:22.6	helped me out. And we had the honor and the privilege podcasting Sharon Lector. For those of you who don't know who
1:27.8	Sharon Lector is, she basically wrote the Purple Bible, Rich Dad, Poor Dad. She was the co-author,
1:33.2	but she was the author. She's written 15 books. And what I love what Sharon says is I was teaching
1:39.8	one of my children to invest in our deals. And after my son invested in the deals, all of a sudden,
1:44.2	he's talking about owner draws, and he's talking about CapEx, and he's talking about economic
	...

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