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Jake & Gino: Real Estate Investing & Multifamily

WBP - Falling in Love with Debt with Will Coleman

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9842 Ratings

🗓️ 31 December 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

Will Coleman, began his real estate career in 2016 by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst. Will now works as the Director of Rand Capital, a mortgage brokerage which focuses on finding the ideal financing on apartments and mobile home parks.  Will Coleman, Director of Rand Capital started his career by being the analyst behind the debt at a bank and seeing how decisions are made. Will used this experience when investing in his own properties, to see what the lender sees and what the investor sees and incorporating it. He shares his views on single family in comparison to multifamily and how starting out as a single family unit owner has shaped his view on multifamily. Will shares his view on how he stepped into larger multifamily units from the single family space and how education must play a huge role in it. Both Gino and Will share their behind the scenes knowledge of lending, what banks and brokers look for, and some intimate knowledge of how lenders operate in regard to newer investors. Will also shares his first hand experience of the up-sides investors get in relationships with community banks in the real estate space, the assistance that they may be willing to provide and the risks they take on newer investors. https://jakeandgino.com/resources/ 7 questions to qualify the lender: Acquisition Document Request: Personal Financial Statement:   “Are you working hard for your money or is your money working hard for you”   If you’re looking to finance a deal, email will and he’ll walk you through the process.    Will@randcre.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

Hello, everyone. Welcome to the Wheelbarrow Profits podcast. My name is Gino Barbaro, and I'm one of the co-founders of Jake and Gino. My guest today is Will Coleman, who began his real estate career in 2016 by investing in and self-managing single-family

0:22.8

properties in the DFW market while working in property management for Grey Star Real

0:27.5

Estate partners. In 2018, we'll begin working in commercial lending at Citibank as a credit analyst

0:33.5

being responsible for accurately underwriting the credit quality of borrowers,

0:39.4

properties, and markets in Texas.

0:42.7

Will now works as the director of Rang Cap and mortgage brokerage,

0:47.0

which focuses on finding the ideal financing on apartments and mobile home parks.

0:49.9

Without further ado, welcome to the show, Will.

0:50.5

How you doing, bro?

0:53.7

The world, Gina, all right, so I'm doing good.

1:02.6

So give the listeners an idea of your journey going from college to single family homes to community banking and now working with the big boys.

1:08.0

Yeah, so right out of college, I knew I wanted to get into real estate. I even purposely handled me taking care of, I lived in the house with six

1:14.5

other guys in college and I took care of all the bills and handled the, you know, handling the

1:19.6

rent payments and everything just because I kind of wanted to get the feel of it.

1:24.4

So right out of college, and I decided to, you know, what most people did listing

1:29.7

in your pockets, I house hacked and had the whole, you know, rented the kids on Craigslist

1:36.9

and did roommates and it was a four-bedroom house and house hacked that with the other roommates

1:43.5

and, you know, slowly built up a single family portfolio in DFW

1:48.0

while working as a leasing agent for a great star

1:52.0

real estate partners, which is the largest property

1:56.0

management company in the US, one of the largest government as well.

1:59.0

So I wanted to learn the operations behind multi-family.

...

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