RCRE - 2020 Year Review

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 23 December 2020

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and Will Coleman look back at 2020 with Jake Stenziano, Gino Barbaro, and Bill Ham of Jake and Gino Multifamily Real Estate Education. Key Information: Lessons Learned: Don’t have a knee jerk reaction to fear in the market. Reserves can be necessary not only for capital improvements but also economic downturns. Reach out to your tenants early and establish positive relationships with them when there is uncertainty about collections. How to know if you are at the top of the market cycle: Deals only work with heavy IO periods. New and inexperienced investors are entering the market. Cap rates are highly compressed. As cap rates continue to compress, institutional investors are overlooking smaller unit properties in tertiary markets. Real estate is in many ways the new gold. It is being used as an investment to hedge against rising inflation. Contact Information: https://randcre.com/ https://jakeandgino.com/ To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show commercial real estate with no stone left unturned.
0:10.1	Hey everyone, welcome to the RANCRI show. I'm your host, Mike Taravella, with the man, the myth,
0:15.7	the legend. Will Coleman, Will, how are you today?
0:18.2	Doing well, Mike. Just run the marathon one step at a time. And we've got a special show today.
0:23.6	We thought we would do a RAND-C-R-E 2020 year-end review with the one and only Jake
0:29.6	and Gino as well as our, what do we call on the master coach?
0:33.6	G. Bill Hamm.
0:34.6	TBH, baby.
0:35.6	TbH, the marketing specialist. So the point of today is really just to have an
0:42.9	open-ended discussion on what has happened over the last year. It's been a very interesting, weird year,
0:51.6	especially in real estate and especially running a business. So the first question,
0:57.9	how I'd like to propose this is let's take it back to the day that this hit. So if you remember,
1:03.5	Tom Hanks got sick, I don't know if it was the same day or the day after, but the NBA got
1:09.5	shut down in the middle of a game.
1:11.5	The stock market completely crashed.
1:15.2	So Jake, I'll propose the first question to you.
1:18.8	Just take us back through your experience on that first day and kind of how you reacted.
1:24.7	The first day of what specifically?
1:26.9	Of when Corona hit. Jake was in Florida and
1:29.3	with Gino. So, so there is, it's actually for me, it's a week. Okay. And I'm at the embassy
1:35.1	suites on the beach, uh, visiting Gino. And I was down there and we were having a great time.
1:40.6	We're shooting content just like we're doing now. We had deals that we were,
	...

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