Learn what multifamily investing is all about, know the biggest mistakes in multifamily investing and what to do about them, and discover what syndication means and how to tell if it makes sense for you.
Resources/Links
Live Event 2019: https://jakea...
Learn what multifamily investing is all about, know the biggest mistakes in multifamily investing and what to do about them, and discover what syndication means and how to tell if it makes sense for you.
Resources/Links
Live Event 2019: https://jakeandgino.com/mastery2019/
Summary
Gino Barbaro is an investor, business owner, author, and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right.
In this episode, Gino shares how he ventured into multifamily real estate investments, made his shares of mistakes and regrets. Get tons of inspiration from him as he shares his learning from those experiences, and gives great advice for people who are interested in getting involved in multifamily investing.
Topics Covered:
Key Takeaways:
You need to have skin in the game. Because if you don’t have skin in the game, I can tell you all the advice in the world. I can give you all the tips. I can let you know what cap rates are. I can show you a good deal, but if you don’t have money invested in, I have masterminds where people don’t show up cause they’re for free. But when I started charging money for masterminds, people will take the advice, and they’ll take action, the commitment. I don’t know why, but when you have skin in the game, that’s the same thing with investing. You start investing in your hard-earned money or somebody else’s money, and you’re going to take action. And it’s the same thing with education. When you have something that’s you know, earned and you put it in there, you’re going to take action on that.” – Gino Barbaro
“My unfair advantage is having great partners and then having a vision and then being hungry, and they’re always thinking about ways to grow the business based on the right deals. And I think the other unfair advantages, and I work hard. I won’t take no for an answer.” – Gino Barbaro
“Start joining communities. Start going to meet up, start listening to other people speaking by educating yourself, and start reading books. Get that and let me tell you, it’s going to take you 12 to 18 months to find your first deal. After you’ve done all that because it took us 18 months ago with our first deal. But after you’ve done your first deal, I will guarantee you that another deal is within three to six months because momentum, inspiration, motivation takes place.” – Gino Barbaro
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