The Real Reason You're Not Ready to Buy an Apartment
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 6 September 2021
⏱️ 15 minutes
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| 0:00.0 | Now, everybody, Jake and Gino here. And today we are unpacking the real reason that you are not doing multifamily deals. We're getting a little arrogant. But the G father has the answer. G know how you doing? |
| 0:18.5 | Jake, it has nothing to do to arrogance. It has to do with a |
| 0:21.4 | little bit of wisdom. And wisdom comes with a lot of learning mistakes. Now, what to me is the |
| 0:27.4 | reason why you're not doing deals? For me, it was me. I was holding myself back. I'm going to |
| 0:33.4 | hearken back to a quote that I love for Mark Twain. It ain't what you don't know that's going to get you |
| 0:40.3 | into trouble. It's what you know for sure that just ain't so. Now, what do I mean by that? Well, |
| 0:48.4 | a lot of our Jake and Geno students have hundreds of students. I've coached thousands of hours |
| 0:53.2 | over the last five and six years. |
| 0:55.0 | We have over 15,000 units closed by the Jake and Ginole community. It comes down to education |
| 0:59.8 | times action equals the results. When I first started buying real estate with Jake, we had no |
| 1:05.2 | idea about syndication. We didn't know about creative financing. There's other things that |
| 1:10.6 | are holding us back. |
| 1:11.6 | I thought I had to be on the ship all by myself by multifamily. |
| 1:14.5 | When a reality, that's not what it is. |
| 1:16.5 | So me knowing something that wasn't true was actually holding me back. |
| 1:20.7 | And my saving grace was that I partnered with Jake. |
| 1:23.5 | I actually started a podcast and I started learning about all these strategies. |
| 1:27.8 | And to date between Jake, myself and our coach, Bill Ham, we've done over $20 million |
| 1:32.7 | of real estate in multifamily. In fact, Bill Handed his first 400 units. |
| 1:37.1 | Say it again, 20 million owner financing. Excuse me. I got excited because Bill Ham |
| 1:42.3 | from Creative Cash, his first owner finance deals. |
| 1:45.9 | Just owner finance. This first 400 units, he never stepped into a bank. So can you, can you tell me what was holding him back? He didn't know in the beginning. As soon as he learned these other techniques, whether it's syndication, whether it's partnering, whether it's joining a community like Jake and Gino, holy crap, game on. |
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