MNS - From 5 units and a small business to 181 units full time in real estate in 3 years

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

🗓️ 22 September 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Topics Covered Include: How and why Doug was able to leave a 20 year career into Aerospace Engineering to become a business owner How short term discipline of putting your money into an assets vs a liability can yield big results How Dough & Jill run their business as husband and wife Peter’s Bio: Doug and Jill Reddell are multifamily investors with a rental portfolio of 181 units in Nevada and Oregon. Their properties range in size from 2 units to a 117-unit property bought with a co-owner. They live with their two young boys in Reno, Nevada. Doug was an Aerospace Engineer in Los Angeles for more than two decades until 2015, when he shifted into self employment with an investment into a small business. And Jill worked for the University of California Los Angeles where she helped to form a major research initiative called UCLA Grand Challenges. The Reddells’ entry into full time multifamily investing began in Southern California in 2017 with one four-plex in Redondo Beach, one condo in Palm Desert, and one call to Jake & Gino.

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.
0:11.2	Welcome to the Movers and Shakers podcast.
0:14.1	My name is Gino Barbaro, co-founder of Jake and Gino, multifamily investor, educator, father,
0:19.9	mentor, and I'm joined by my co-host Joshua Ryan Rousin, the community director of Jake and Gino, multifamily investor, educator, father, mentor. And I'm joined by my co-host Joshua Ryan Ruzin, the community director of Jake and
0:24.2	Gino.
0:24.9	Josh, how are you doing today?
0:27.5	Gino, doing well, man.
0:29.0	You know what I'm really excited for?
0:30.4	In literally less than 24 hours, I'm picking you up at the airport, man.
0:33.9	That's what I'm excited for.
0:35.5	I don't even know what to say about that, Josh. It's going to be a good
0:38.3	weekend, right? What do we have this weekend? We have the manager right boot camp. We're going to get together
0:41.1	with students. We're going to teach their manage right portion of our framework. It's one of those
0:45.8	areas where a lot of people don't focus on. And for us, it's a really important part of the business. And I think guests today will really highlight how important it is by
0:55.1	actually moving out to the market. We'll dive into that. I'm excited about today's guest to Josh.
0:59.1	So let's introduce them. Speaking of today's guest, we have Doug and Jill Riddell. So they're
1:03.9	multifamily investors with a rental portfolio of 181 units in Nevada and Oregon. Their properties
1:09.9	range in size from two units to 117 unit that they
1:13.5	bought with a partner. They live with their two young boys in Reno, Nevada. The Rildell's entry into
1:19.8	multifamily real estate full-time began in Southern California in 2017 with one fourplex
1:25.4	in Redondo Beach, one condo in Palm Desert, and one called the Jake and
	...

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