WBP - Opportunity is Out There with Steve Berges

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 31 October 2019

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve Berges, founder and Chief Executive Officer of the Berges Investment Group, has been a successful real estate investor for more than three decades! Mr. Berges has logged over $250 million in combined personal and client transactions buying and selling everything from land for subdivision developments, residential construction, single family rentals, and of course, his favorite - multifamily apartment buildings! Berges' previous experience includes serving as the Chief Investment Officer representing a local Houston real estate company where he was directly responsible for a portfolio of 4200+ apartment units with a market value totaling approximately $200 million. He represented the company in all buy, sell, contract review, and financing activities. As the author of The Complete Guide to Buying and Selling Apartment Buildings and The Complete Guide to Real Estate Finance for Investment Properties, Steve Berges has extensive knowledge and direct experience with cash flow analysis and the valuation of income producing properties, the creation of value-added measures to enhance N.O.I., as well as all facets of finance and accounting as it relates to commercial, multifamily, and residential real estate. He speaks with us about the RV model, value adds and water slides. steveberges.com The Rundown Apartments to RVs Deal Scarcity Competition Foreign Buyers Cap Rates Houston Value Add NOI The Next Deal Family Bonds Tent Camping Michigan Amenities Long Term Monthly Guests Family Vacationer Community Activities Seniors Property Rights Motivated Sellers Spending The Money Raising Rates Management Staffing Location Water Slides Hot Tubs Occupancy Seasonal Business Financing Insurance Book Recommendations Subscribe to our Youtube Channel for lots of great content! Get tickets to our next Multifamily Mastery Event in Orlando!

Transcript

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0:00.0	Don't be afraid to spend the money.
0:02.2	Think about how it's going to benefit you.
0:04.2	What does it do?
0:05.3	Not only first and foremost in your cash flow, how does it increase cash flow, but also when you go to
0:11.4	property, what does it do for the bottom line in terms of NOI and cap rate and value?
0:18.0	And that's the real way to look at it.
0:20.2	Welcome to the Wheelbarrow Profits Podcast, where you get multifamily investing made real.
0:26.4	Learn from top players in the real estate investment world as they share their secrets with you
0:31.4	and discover proven strategies on apartment investing that actually work.
0:35.9	To learn more about Wheelbarrow Profits, visit jake and gino.com.
0:40.7	Your one-stop shop for everything, multi-family.
0:44.0	Now to your host, Jake and Gino.
0:46.9	Hello, Ray, this is Jake Stenziano, host of Wheelbarrow Prophibets podcast here with my co-host,
0:49.9	the multi-family mentor, the coach, Chef, the Father Six, the bestselling author,
0:53.6	The G--Daddy.
0:54.8	Gino Barbergino, how's it going? Mr. Stenziano, I'm doing good, bro. How are you? Doing great.
0:59.5	You got any updates for us today, Gino? It's 85 degrees outside. It's still summer down here.
1:05.2	It's awesome. I mean... Multifamily investor turned weather, man. He's doing it today folks hey you know what when that's the biggest
1:11.3	problem you have i think that's that you're having a good week when you're worried about the weather right
1:14.6	other than that i mean we're signing up students um deals are harder to come by but you know what
1:19.0	just keep underwriting and they will fall in your lap as like a lot of our students say if you're out
1:23.2	there you're you're looking for deals you're looking deals. My brother was out in Pittsburgh yesterday,
	...

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