WBP - Thinking Long Term with Dave Childers

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

🗓️ 14 May 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Childers is a Managing Member of Cedar Rock Capital based in Nashville TN. Mr. Childers has over 15 years of experience in real estate investing in Middle TN. He was 25 years old the first time he partnered and purchased his first rental property. At 27, he formed another partnership and secured University Lofts, a 114 unit property in Murfreesboro TN, which allowed David to learn the business in all aspects. His most recent purchase was Hilburn Apartments, a 86 unit complex located in Pensacola, FL. He speaks with us about underwriting, quitting the brokerage and being a roadie. [email protected] The Rundown Tornados, Viruses & Earthquakes Bidet Guitars Nashville Roadie Best Friends Flipping Value not Money Millionaire Next Door Personal Training Finding A Passion Generational Wealth The Value of Time The G-Grandad Falling Into Multifamily Property Management Intentions Are You Ready? Getting Started 2008 vs Now Refinancing Brokerage Ah-ha Moment Passive Income Day Job The Void PNLs Mom & Pops Cap Rates Metrics Underwriting RIA Finding Brokers Build A Relationship Off Market Deals Residential Agents Community Banks Mindset Transactions vs Equity Habits For Success Seeking Mentors Toilet Paper COVID-19 Check out our Upcoming Live Events! Subscribe to our Youtube Channel for lots of great content! Buy our new book The Honey Bee! Audio Book Available Now!

Transcript

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0:00.0	I partnered with guys who had multi-million dollar businesses and weren't looking for
0:04.9	multifamily to be their day job, right?
0:07.9	So they were doing the same thing.
0:09.1	So they kind of taught me how to do that exact same thing and treat it as an investment
0:15.0	versus a job.
0:16.9	And so now 15 years later, as I just turned 40 a few months ago, I wake up and I have a huge portfolio, lots of equity and go, hey, I don't really have to work at this brokerage firm if I don't want to.
0:29.2	Welcome to the Wheelbarrow Profits Podcast, where you get multifamily investing made real.
0:35.4	Learn from top players in the real estate investment world as they share
0:39.2	their secrets with you and discover proven strategies on apartment investing that actually work.
0:44.8	To learn more about wheelbarrow profits, visit jake and gino.com.
0:49.7	Your one-stop shop for everything multifamily. Now to your host, Jake and Gino.
0:56.1	Hello, buddy. This Jake sends me. I host of Wheelbarrow Props podcast here with my co-host,
0:59.2	the multi-family mentor, the coach, Shep, Father Six, the best selling author, the G-Daddy.
1:04.6	G-Dady. Gino Barbo, how's it going? Jake, I'm doing good. How are you doing today? Tell me why you're doing good, Mr. Gdad. I want to hear this.
1:11.3	Because I have six kids. They're all healthy. One's in college. One's going to college next year.
1:17.7	Actually, Jake, you'd be happy with me when I bought a gun yesterday.
1:21.1	Oh, man, here we go. We're going nuts. Here we go. I'm buying guns. You know, it's really good down here. The weather's turning. You got our guest
1:29.4	racing four-wheelers. You're buying guns. I don't know what the folks are going to think about it.
1:32.7	So we're having fun. So other than that, Jake, you know, everything's good. We just got to talk about the fixed mindset versus the growth mindset. I think that's important. Our guest was just talking about during the OE crash. We forget so quickly how much
1:49.5	pain we've been through. And if we can go through that, we can go through the Great Recession.
1:54.3	We're going to get through this with no problem, I think. Amen, brother. So, hey, today's guest
1:58.6	is Dave Childers. Dave bought his first multifamily property
	...

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