The Process To Quitting Your Job Through Apartment Investing With Michael Blank

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

🗓️ 27 October 2016

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this podcast Michael lays out a clear roadmap on the best ways to start investing in apartments. He does a great job on discussing how long it should take to escape the 9-5. Michael's goal is to shorten the learning curve for his students. His sample deal package is a great resource to help beginners establish their credibility and he discusses how to use this resource. One of the key takeaways from the interview was that you can't quit in the begging of your investing career because the goal of apartment investing should be a 3-5 year retirement plan. This means that it may take you 2 years to get your first deal done (it took us 2 years). After our first deal was completed we purchased 172 units within the 12 months. Many investors are comfortable enough to retire from their day jobs after they own 100-150 units. In this episode you will discover: • Why your first deal is the most important • The steps to acquiring your first apartment complex • Why Michael pivoted away from flipping to apartments • Raising money • Syndication • Goals • The process to retirement after you complete your first deal • What to watch our for when investing in the north east • Deal flow And much more! SHOW NOTES: http://www.themichaelblank.com/ebook/

Transcript

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0:00.0	You essentially quit your job in three deals.
0:03.0	Maybe four if you start with a duplex, but if you start with a small like 10, 10 unit, for example,
0:08.0	you do a 10, 25, 50 or 60 units, you at that point, you can be done.
0:15.0	Welcome to the Wheelbarrow Profits Podcast, where you get multifamily investing made made real learn from top players in the real estate
0:23.3	investment world as they share their secrets with you and discover proven strategies on apartment
0:28.4	investing that actually work to learn more about wheelbarrow profits visit jake and gino.com
0:35.2	your one-stop shop for everything multifamily now to your host jake and gino.com. Your one-stop shop for everything multifamily.
0:38.7	Now to your host, Jake and Gino.
0:41.5	Hello, everybody.
0:42.3	This is Jake Stenziano, host of the Wheelbarrow Profits Podcast, here with my co-host,
0:45.7	the multi-family mentor, the coach, the chef, the father of six, the bestselling author,
0:50.7	the G-Dady.
0:51.9	Gino Barbaro, Gino, how's it going?
0:53.9	Mr. Stenziano, we're doing great.
0:55.4	How you doing, bro?
0:56.2	Always making it happen, big man.
0:58.0	Today's guest is Michael Blank.
1:00.0	Michael is an investor and coach who's passionate about helping others do their first
1:04.0	apartment deal and get out of the rat race.
1:06.9	He has raised over $1.6 million for house flips and apartment building syndications.
1:12.2	He's the host of the popular podcast apartment building investing with Michael Blank and writes
1:17.4	regularly for bigger pockets and flip nerd.
	...

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