Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

 Randy Lawrence is an indomitable entrepreneur with over 24 years of experience and four successful real estate investment companies. Randy is also a pastor and founder of multiple life changing ministries and in the last 15 years has impacted over 40,000 people. He has been seen on CBN, NBC, CTN and featured in the St. Petersburg Times, and Tampa Tribune, as the “Transformation Expert”.    He has experienced his own life transformations as well, overcoming the upbringing from a broken home and his life as a drug dealer to becoming a successful entrepreneur, pastor, husband and father. Randy’s spiritual breakthroughs lead him out of the economic rubble and financial collapse of 2008 and took him from bankruptcy to a real estate rehabbing business generating a 7-figure annual income.    In 2013, Randy co-authored Dare to Succeed with Jack Canfield (Chicken Soup for the Soul fame) detailing his personal and professional rise from the ashes. Randy’s mentors and coaches include world renowned business leaders, au

Will Coleman and Mike Taravella Interview Jorge Abreu of Elevate Commercial Investment Group. Key Information: The value of having a construction company in multi-family real estate: The ability to feel comfortable buying a value add property that requires a heavy lift Being able to come in with a better offer as a result of having precise estimates of capital expenditures needed. The necessity to develop detailed systems and processes which can be put in place throughout the entire company. Main items to look at during due diligence: roof, foundation, plumbing, boilers and chillers, electrical wiring, mold in the interiors. Plumbing is the most commonly overlooked line item during due diligence in multi-family. Come out of due diligence knowing exactly what needs to be fixed, how long it will take to be fixed, and how much it is going to cost. Make sure to find qualified professionals to help identity problems when looking at value-add properties.   Expert Pro Tip: “Be as detailed as possible during dilige

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.   It is so easy for us to judge, assume and point out everything wrong with the way people act, speak, think and do everything. I’m noticing the more we do this the less we take care of how we act, think, speak, and do things. I wonder if we do this as an excuse not to work on our personal development. What if we shift our focus from them to us…what would we see? I challenge you -for the next 3 day -Become Aware of Only Yourself.

  AJ Harbinger is one of the world’s top relationship development experts. His company, The Art of Charm, is a leading training facility for top performers that want to overcome social anxiety, develop social capital and build relationships of the highest quality.   Raised by a single father, AJ felt a strong desire to learn about relationships and the elements that make them successful. However, this interest went largely untapped for many years. Following the path set out for him by his family, AJ studied biology in college and went on to pursue a Ph.D. in Cancer Biology at the University of Michigan. It was at this time that he began to feel immense pressure from the cancer lab he worked in and began to explore other outlets for expression. It was at this point that The Art of Charm Podcast was born. The Art of Charm Podcast would go on to become one of the largest and most successful lifestyle podcasts in the world. What started out as two graduate students conversing and laughing in a basement in Ann Arb

Will Coleman and Mike Taravella Interview Paul Moore of Wellings Capital.   Key Information: 1031 Exchange: A swap of one investment property for another in order to defer capital gains and appreciation recapture taxes. Pros:       1) Capital gains tax deferment      2) Higher leverage to be used on a new investment property Cons:       1) A timeline of 45 days to find a replacement property following the sale of a property.       2) Complete compliance with strict rules and regulations associated with the 1031 agreement.      3) Lack of negotiating power during acquisitions. Common 1031 Myths:  You must have equal equity and debt for the next deal, following a sale. You must hold a property for two years. Delaware Statutory Trusts (DST): A syndication which satisfies the terms and conditions of a 1031 exchange. The downside of DST’s is the lack of control over the investment, the restrictions on investing in high value add assets, and the high commission and fees charged.   Expert Pro Tip: “Understand the di

Today’s Guest of Movers & Shakers is Jake Stenziano.   In this episode Josh & Gino cover: Being able to choose a profession based on your passion because you know how to make money work for you. How pushing the chips all in can help create success You only live once - the time is going to pass, what are you going to do with it is the question. Why Consistency may be the most important trait for success.   Jake’s Bio: Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee.  He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right.   Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners.  Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration.   As a creator of the multifamil

John is the authority on World-Class customer experience. He is an international consultant, keynote speaker, and best-selling author of five customer service books. His newest book, The Relationship Economy - Building Stronger Customer Connections in The Digital Age (Greenleaf Books October 2019) could not be timelier in the world we are living in. John has worked with companies such as The Ritz-Carlton, Lexus, Starbucks, Nordstrom, Nestlé, Marriott Hotels, PwC, Celebrity Cruises, Anytime Fitness, Progressive Insurance, Harley-Davidson, Chick-fil-A, and many more.   John isn’t just talking about it, he lives it, as a very successful entrepreneur. He is the founder of three businesses: The DiJulius Group, an international customer service consulting firm, John Robert’s Spa, a chain of upscale salons in Northeast Ohio which has repeatedly been named one of the top 20 salons in America, and Believe in Dreams, a non profit that helps make dreams come true for deserving children.   He speaks with us about the cus

Will Coleman and Mike Taravella discuss why it's important to build banking relationships. Key Information: Bankers are not interested in short term relationships, they want to build long term relationships that span the course of at least 10-15 years. Banks want to pursue relationships in which a person or business will be making regular deposits into their bank accounts.  Lending amounts are limited by the amount of money deposited into a bank's accounts. For every one dollar deposited into an account, a bank is able to lend out ten. Communicate to your banker how much money you plan on depositing into your accounts in order to build a better relationship. Discuss with your lender what kind of experience you have even if it is not real estate related. Having a highly technical job will communicate to your lender you are a competent and trustworthy borrower.   Expert Pro Tip: “Start building banking relationships early” Contact Information: miket@randcre.com will@randcre.com   To register to invest with us

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.  Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community. In this week’s episode, Julia & Gino interview Neil Schoepp, A Jake & Gino community member, who attributes his success to joining the community and immersing himself in personal development and life coaching. Neil joined MFI Holding, and as part of the underwriting team, Neil does more than add numbers. With a passion for real estate investing, Neil analyzes deals with meticulous attention to details. He can often be found

Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes.    Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.”    Harry has written numerous books over the years. In his book  The Great Boom Ahead , published in 1992, he stood virtually alone in accurately forecasting the unanticipated boom of the 1990s. In 

Will Coleman and Mike Taravella discuss personal financial statements.   Key Information: A personal financial statement or PFS is an account of an individual’s personal assets and liabilities. Personal financial statement’s are used by lenders to evaluate whether a borrower has the net worth and liquidity to pay back a loan in the event that they were to default on their payments.  A majority of lenders will require your net worth to be equal to or greater than the loan amount and for your liquidity to be enough to cover 9-12 months of debt service payments post closing. Scheduled Real Estate Owned (SREO): a list of all properties a borrower has an ownership claim in. Banks will put more emphasis on the net worth of a borrower and less emphasis on the SREO. Fannie Mae and Freddie Mac will put equal emphasis on your net worth and SREO.    Expert Pro Tip: “Check out our resources to help you fill out your PFS!” Contact Information: miket@randcre.com will@randcre.com   To register to invest with us: https://

Topics Covered Include: Why Peter switched from a career in the medical field to real estate. The importance of having the right peer group. How education was the key to scaling at such a young age   Peter’s Bio: Peter is originally from Long Island, New York and has been living in Knoxville Tennessee which is also where he is doing all of his investing.  Peter has been in real estate for over three years.  Halfway into college, he discovered real estate and began wholesaling houses to build up capital.  Peter did this in unison to attending college.    While wholesaling Peter and his partner began looking into multi-family acquisitions and began making offers on small apartment complexes.  They started off with a 7 unit, a 6 unit, followed shortly after by a 35 unit building.  All three were bought by using their own as well as our investors capital along with acquiring bank debt.   They tacked on another 20 units and within about 14 months we had a portfolio worth 4.5 to 5 million dollars.    Peter also j

John is an Executive Vice President and Managing Member of MACC Venture Partners where he directs acquisitions, strategic development, capital management and growth. He also oversees alternative financing and investor/portfolio development.  He co-directed the company’s recent growth from a 2500 units owner/operator to a current 6500 units owner/operator by developing a market brand and proliferating and growing a portfolio of institutional and individual investors in the syndications of the company’s assets; as well as the launch of several closed-end asset funds.  In 2019 John launched a new capital advisory and consulting firm called Peak 15 Capital to help other CRE operators and sponsors with their capital stack.  John is also currently an advisory board member of several Charlotte based companies. One is Tabbris Coworking, which is a co-working and innovation center with a location in Charlotte to service an exploding demand for innovation-based startups and early stage ventures in the area.  Previously

Will Coleman interviews Aubrey Ennis and Jackson Russell of Evertrust Realty Advisors.   Key Information: Finding strong tenants: investment grade tenants with 15-20 year leases, including rent bumps and contractual rent payments. Texas Office Space: 90-95% of investment grade tenants with longer term leases are paying their rent on time.  Lease renewals have lowered for office and retail spaces as a result of COVID-19. COVID-19 has accelerated the migration from the north to the south. Virtual leasing has changed the leasing process for commercial spaces. Key Investment Factors: strength of market, year of build, quality of build, tenant base, economic policy. Foreign capital investments have been increasing for American commercial properties.   Expert Pro Tip: “Find good legal counsel” Contact Information: Aubrey@evertrust.com Jackson@evertrust.com www.evtrs.com   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children. Julia Homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community. In this episode, Julia & Gino interview an amazing dad, entrepreneur, personal freedom fighter, podcaster, public speaker, and beekeeper Connor Boyack, creator of the Tuttle Twins books, a children’s series introducing young readers to economic, political, and civic principles.  Connor is founder and president of Libertas Institute, a free market think tank in Utah. Named one of Utah's most politically influential people by The S

Robert Martinez is the founder and CEO of Rockstar Capital, an investment and management firm with nearly 4,000 units under management and over 100 employees. Robert has won numerous city, state and national awards including being the only two time NAA National Apartment Owner of the Year and Houston Business Journals most admired CEO in 2019. He speaks with us about assuming risk, mom and pop syndrome and influencers.   @apartmentrockstar   The Rundown 2007 Rockstar Capital Texas Middle Class Upbringing Engineering Sales Single Family Rentals Multifamily RE Mentorship Program Recession COVID-19 Picking The Right Vehicle Risk Management Escaping Fear Like-Minded People Family Communication Partnership Always Be Closing Collections Good Times Influencers Evolution Resident Reviews Expanding Market Share Reviews Asset Classes Retention Buy Criteria Innovation Building A Brand Habits For Success Tips For Scale Book Recommendations Upcoming Projects   Check out our Upcoming Live Events!   Subscribe to our Yout

Will Coleman and Mike Taravella interview Brent Coleman of CNC Insurance Brokerage.   Key Information: What things have gone up for multi-family? What are Factors for estimating insurance prices? How do you know the previous 3-5 year loss runs for a property? How to understand the age and pricing of different items on a property? What can raise the price for consumers with Insurance Companies? How can you find the best rate with Insurance Companies? When is the best time to contact an insurance broker? Find out all this and MORE on this weeks RCRE.   Expert Pro Tip: “Paint a clear picture for your Insurance Provider!” Contact Information: cncbrokerage.com   Tools: themultifamilyanalyzer.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre We're here to help create multifamily entrepreneurs... Here'

Topics Covered Include: How Jason was able to invest outside of his backyard without having all the capital and a demanding career. How a tragic passing of a family member changed his mindset and made him prioritize his goal. A clear breakdown of how Jason got started and closed on two 16 unit deals!   Jason’s Bio:   Jason currently resides in New Jersey with his wife and daughter (2nd daughter due in october). He has been employed in the power industry for the last 12 years.  He is currently working as the Operations & Maintenance manager at a power plant outside of NYC.  Jason joined the Jake and Gino community after the passing of a family member changed his outlook on finances and life.  Jason became a member of the community in april of 2019 and has since closed on two deals totalling 32 units with his partner in the last 11 months. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Mult

Ryan Murdock spent 10 years in the electronics manufacturing industry before transitioning to real estate investing and property management in 2007. He has extensive management experience in many facets of real estate including retail, office, multi-family, HOA, and especially mobile home parks - including nationwide consulting and turn-around projects. Ryan has been a licensed real estate broker since 2008 and owns and operates his own portfolio of residential rental properties in addition to the Open Door Capital portfolio. He speaks with Gino & Jen U about mobile homes, quarantine and meetups.   Ryan@odcfund.com   The Rundown Maine Electronics Manufacturing Real Estate Getting Started Hawaii Bigger Pockets Mobile Homes Brandon Turner Imma Mentality A-ha Moment Quality of Life Creating Systems Letting Go Open Door Recession Resistance Criteria Adding Value Renovations COVID-19 Roadtrip Due Diligence Quarantine Deal Flow Broker Relationships Bring Brandon A Deal Stay Engaged Meetups Habits for Success T

Will Coleman and Mike Taravella interview Brent Coleman of CNC Insurance Brokerage. Key Information: What things have gone up for multi-family? What are Factors for estimating insurance prices? How do you know the previous 3-5 year loss runs for a property? How to understand the age and pricing of different items on a property? What can raise the price for consumers with Insurance Companies? How can you find the best rate with Insurance Companies? When is the best time to contact an insurance broker? Find out all this and MORE on this weeks RCRE. Expert Pro Tip: “Paint a clear picture for your Insurance Provider!” Contact Information: cncbrokerage.com     Tools: themultifamilyanalyzer.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre We're here to help create multifamily entrepreneurs... Here'