5 • 831 Ratings
🗓️ 17 April 2023
⏱️ 9 minutes
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0:00.0 | You want to learn how to be able to speak and the professionalism is so important. |
0:03.3 | As Rich Dad says, you know, that your financial report card, it really comes down to how you speak the language. |
0:09.2 | If you don't know there's a language of finance, if you don't know what a cap rate is, if you don't know what a cash on cash return is, |
0:14.3 | or as my partner likes to say, the PPU, the profit P union, all of these, all of these acronyms that you use in the business today at the G-DAT's house. |
0:48.0 | We didn't even go downtown. I'm down here in Florida, and we're talking something big. |
0:52.1 | What does it take to get a deal under contract? Now, |
0:55.9 | that's a big, that's a big thing for someone looking to get into this business because ultimately |
1:00.1 | if you don't have your system set up properly, you don't have the right team, it's going to be a big |
1:05.7 | challenge. So I got the Gdad here in the house. We're getting passionate today. Gino, what does it |
1:10.6 | take to get a deal under contract if you're starting out? |
1:13.2 | Before I give away all the secrets, what I want you to do, I want you to subscribe and like |
1:20.5 | the video because we're going to give you a ton of actionable steps here. |
1:24.4 | Because when we started out, it took us 18 months to find the first deal. Do you remember that? |
1:29.8 | That was painful. It took 18 months because we didn't know we didn't know we were doing. We didn't |
1:34.5 | have the team and we didn't have the credibility in place until we created the credibility book. |
1:39.0 | So I think we can start there. Gino, you want to break down the credibility book and how that sort of |
1:43.6 | morphed and helped our evolution. If you want to call it the credibility book and how that sort of morphed and helped our |
1:45.2 | evolution. If you want to call it a pitch book, a credibility book, a business plan, at the very |
1:50.8 | least, you should have at least a one pager about yourself. And it would be nice if Jake and Gino had that |
1:57.5 | one pager in the very beginning to say, hey, Gino's a business owner. |
2:02.1 | He owns a restaurant. |
2:06.0 | And, oh, by the way, Gino owns 15 or 20 units at the time. |
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