The Strength of Whole Life with Dave Zook

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

🗓️ 13 April 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Jake and Gino interview Dave Zook. Dave Zook is a successful business owner and an experienced real estate investor, active in Multi-Family Apartments, Self-Storage and the ATM space. Dave has acquired more than $100 million worth of real estate since 2010. At the time of this writing, he and his investors own approximately 3000 multi-family apartment units. Jake and Gino sit down with Dave to discuss the importance of entrepreneurs having a long-term mindset and how having whole life insurance policies in place can protect you as a business owner. Key Insights: 00:00 Introduction 00:57 Making money with self-storage 01:50 Impact of long term thinking on business 05:05 Why value-based decision making is helpful in business 08:06 How real estate investing is more than just creating additional streams of income 09:34 You learn the most while going through the extreme pain of being an entrepreneur 12:15 Having systems in place to allow for simplicity with multiple businesses 16:12 Dave’s experience with whole life insurance 18:00 Wrap-up Find out more about Dave's initiatives here: https://www.therealassetinvestor.com/ BONUS Resources: Learn the key fundamentals of Whole Life Insurance with our all new Mini Course here: https://100yearrei.com/whole-life-mini-course/ NEXT Step: Find out why you should add a cash value Whole Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here: https://100yearrei.com/callnow/ About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-specially-designed-whole-life-policies/ About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. #wholelifeinsurance #longtermmindset #entrepreneurs #realestateinvesting #personalfianance #wealthbuilding Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Transcript

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0:00.0	Hello, everybody. Welcome to the 100-year real estate investor. We're your host, Jake and
0:10.0	Gino, and this is the show dedicated to long-term personal financial engineering. GDad, how's it
0:15.4	going? Jake, doing great, bro. How you doing? Always making it happen, big man. Our guest today is
0:19.6	the founder and CEO of the real
0:22.1	asset investor and has acquired more than 350 million in real estate investments since 2010 today
0:28.6	we're going to discuss how long-term thinking has made a positive impact on his business so
0:34.1	a further ado dave zook welcome the Gino, thanks for having me back.
0:38.4	It is our pleasure. And we're bantering a little bit before we got started here. But
0:42.7	please describe for the folks your typical self-storage investment and what you're doing right now.
0:49.5	Yeah. So as you can imagine, as you know, there's a bunch of different ways you can make money in self-storage.
0:55.8	Our business model is we are the bridge between the mom and pop operator and the institutional buyer, the REITs.
1:05.0	So give you an example, we'll go in and buy an asset, a self-storage facility from a mom and pop.
1:13.3	Oftentimes, we're taking that, you know, 50 to 60,000 square foot facility.
1:18.6	We're adding 20 or 30,000 square feet to it, climate controlled most often.
1:23.5	We do a lot of business in the southeast.
1:24.8	We're then restabilizing that whole complex, getting that
1:28.6	N.O.I build up and then turn around and sell it to a REIT. We're projecting a six-year hold,
1:36.5	but our history tells you that it's, you know, likely going to be a three and a half to four-year
1:41.8	hold. Now that's beautiful. So where do you see the runway with this and how has long-term thinking impacted your business?
1:49.3	There is an incredible amount of reap appetite in the self-storage space. So I think of myself as a
1:57.4	long-term investor, long-term buy and hold, long-term, you know, kind of forecast.
2:03.0	But from a perspective of when you have the opportunity, you're sitting on a stabilized asset,
	...

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