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What you’ll learn in just 17 minutes from today’s episode:
- Learn what multifamily investing is all about
- Know the biggest mistakes in multifamily investing and what to do about them
- Discover what syndication means and how to tell if it makes sense for you.
Live Event 2019: https://jakeandgino.com/mastery2019/
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 epsode, 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.
01:30 – Gino will reveal what sparked his interest in real estate investing
02:58 – What led him to jump into multifamily investing
03:51 – Looking back at the size of the first multifamily property he got involved in
04:59 – The three things he regrets to focus on sooner
06:18 – Citing the biggest mistakes that real estate investors are making when it comes to multifamily investing
08:05 – The concept of “seek to serve.”
09:08 – What investors in syndication outside the United States should consider in dealing with taxes
09:11 – What syndication means
11:11 – The parameters that will tell if syndication is worthwhile
12:43 – Gino talks about his two unfair advantages
13:47 – The most significant problem he solved for his clients and students
14:35 – A piece of actionable advice that he gives to people who are interested in multifamily investing
16:04 – Gino shares his website and their podcast – Wheelbarrow Profits Podcast where they get to interview top names in the industry
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
Connect with Gino Barbaro:
- Listen to Jake and Gino’s podcast: Wheelbarrow Profits Podcast
Connect with Dave Dubeau:
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