MNS - Closing a Deal Through Covid With J&G Coach Vince Gethings

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 28 July 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of MNS Josh and Gino discuss: How Vince was able to negotiate a discount on a deal to have it still make sense throughout Covid! The importance of having a sounding board of mentors. How staying open minded and well networked can expand your business How Vince is able to invest in the Mainland from Hawaii Why it is important to have relationships with multiple banks The importance of knowing your numbers well and having conservative underwritting Vince Gethings is the owner of Michigan based Villanautics, LLC and co-owner of Tri-City Equity Group, LLC. His teams specialize in acquiring under-performing multifamily properties that can be repositioned to increase the NOI. Vince uses his 14 years of Active Duty Air Force experience to build performing teams and efficient systems that are designed to be managed in out-of-state markets. Currently, he has $6,000,000 in assets under management. Furthermore, Vince has a passion for personal development and financial education, where he contributes on several different platforms.

Transcript

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0:00.0	This is Movers and Shakers, where we interview the upcoming generation of Make It Happen
0:06.4	Multifamily Investors to share their story.
0:10.6	Welcome to Movers and Shakers.
0:12.6	My name is Josh Ruzin, community director of Jake and Gino.
0:15.5	And today I'm joined by a special co-host, Dylan McGow, a senior business advisor with Jake and Gino. Welcome to the show, Dylan.
0:23.5	What's going on? I'm doing all right, Josh. I got a chance to be a guest on the show. Now have the
0:28.7	opportunity to be co-host with you. A lot of exciting things in the Jake and Gino community. We've got
0:33.4	an event coming up. A lot of students closing deals lately. Just super excited to be here
0:37.8	with an awesome guest. Yeah, making it happen. And speaking of an awesome guest, today we have
0:42.7	Vince Guthings, a little bit about Vince. So as the owner of a Michigan-based Villanautics LLC and co-owner
0:49.0	of the Tri-City Equity LLC. He has over seven years of multifamily investing experience. He currently owns and operates
0:55.3	20 units in his personal portfolio, an additional 52 units in JV, and 48 units as a GP. He specializes
1:04.1	in market research, due diligence, strategic planning, project oversight, and execution.
1:08.2	He recently held the position of resource advisor for the U.S.
1:11.8	Air Force where he drafted and managed the operational funds and projects for a $1.4 billion
1:18.4	enterprise. He also holds a green belt in Lean Six Sigma Process Improvement. And last but not
1:25.1	least, he's a coach for our wheelboat profits academy. Without further ado,
1:29.0	welcome to the show, Vince. Hey, Josh. Thanks for having me on. Of course. Okay. So in today's
1:34.3	episode, we're going to do a special deal case study. Vince, I want to highlight a little bit about
1:37.8	the most recent deal you closed. And for the listeners, let's talk a little bit about how you found
1:42.2	the deal and the market it's in and why you like that market.
1:45.9	Got it. So the last deal we close is going to be La Porta del Sol in El Paso, Texas. So we found this through broker relationships down there in El Paso.
	...

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