Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Another one-on-one podcast with Jake and Gino! This time the guys talk both active and passive investing. Gino gets into the 8 Step Due Diligence framework and Jake gets a boat!   The Rundown How To Vet A Deal Spousal Support Challenges Syndications Education Financial Intelligence Stock Market Life of Abundance Time Freedom Follow the Framework Tax Benefits 8 Step Due Diligence Vetting A Sponsor Transparency Partnership Coronavirus Limited Partnership Team Members Accountability Investment Strategy Risk Tolerance Changing Behavior Generational Wealth Buy & Hold Transactions Pay The Bills Equity Makes You Rich Market Analysis Inflation Preferred Return Splits & Fees Everything Is Negotiable Pontoon Boat Proper Preparation Property Management Randcapllc.com Lean In People, Systems, Culture   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!   We're here to help create multifamily entrepreneurs.

Mike Taravella and co-host Will Coleman interview Adam Klenk and Tyler Mayo of Capstone Apartment Partners. Key Information: Underwriting models should factor in the new reserve requirements and hold periods based on what market the asset is in.  Different markets require different reserve amounts. What metrics to look for if a market or sub-market is being over developed. High job growth and high market rents are good indicators to look for in regards to the development stage. How extended due diligence periods and financing contingencies are affecting buyers and sellers. Ask a lot questions and clarify any details during the underwriting process if you are misaligned on price with the seller Focusing too much on off the market deals can make you miss out on good on market deals   Expert Pro Tip: “Ask Questions” Contact Information: (615) 861-9906 - Adam Klenk (662) 386-1622 - Tyler Mayo https://capstoneapts.com/   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Ra

Welcome to the Movers and Shakers Podcast. In this show Josh & Gino Interview Jake & Gino Student, Marshall Friedman. Topics Covered Include: - The importance of having the right network - Why you need a plan to create success in the business -How Marshall was able to get into a 49 unit deal as his first deal and lessons learned - Falling in love with the grind Marshall”s bio: Marshall is currently pursuing real estate full time with a focus on the multifamily space. Marshall has been invested in real estate for over five years. Prior to pursuing real estate investing full time, Marshall was a member of Houlihan Lokey’s investment banking Technology, Media & Telecom (TMT) Group where he executed sell side and capital raise mandates for clients. His responsibilities included all aspects of the deal process, such as financial modeling, performing due diligence, creating marketing materials, and coordinating deal execution. Before joining Houlihan Lokey, Marshall worked in Business Development and

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.    Formerly a private jet pilot for a world-renowned surgeon, Bill Ham left the Corporate Aviation life and started Phoenix Residential Group with a single duplex and a dream. Over more than a dozen years Bill grew that company to include more than 1500 units spread over the state of Georgia along with a thriving Property Management Company. Trying to anticipate the market cycle, he spent the next few years divesting many of those

5 years ago, Jake Stenziano & Gino Barbaro started the Wheelbarrow Profits Podcast. Since then they’ve written two books (Wheelbarrow Profits & The Honey Bee), started multiple companies, risen to 1600 units and launched three additional weekly podcasts. On this very special 5 Year Anniversary episode, the guys talk about how they committed to a podcast that would provide actionable content and using that platform to not only become better at what they do, but spread the word to other like-minded people. Jake & Gino reminisce about past episodes and some of their favorite guests over the years. They also discuss how they’ve created a brand, some of the technical issues they’ve faced as well as the mistakes they’ve made over the years. The guys go over the credibility the podcast has brought to their deals as well as the impact it has had on them, their listeners and their students.   The Rundown Commit & Figure It Out The Shows Impact On Us Multifamily is a Team Sport Past Guests Making Mistak

Mike Taravella and co-host Will Coleman interview Kevin Gardner of Multifamily Utility Solutions   Key Information: Right of Entry: Cable company pays operators to enter the property and the residents pay for the service.  Cable contract pays operators owners through signing bonus (by door) or revenue share The Other Contract is Bulk Bill: Operator pays for every unit regardless if resident uses it. Operators can save money because cheaper discount but could charge premium Class A & B leverage Bulk Bill Kevin can leverage his services for other utilities if our market is deregulated  This service is no cost unless you as the operator get paid Plan ahead to see if there is a contract already in existence   Expert Pro Tip: “Just Call!” Contact Information: (248) 930-4768 kevin@multifamilyutilitysolutions.com  www.MultifamilyUtilitySolutions.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ We're here to help create multifamily entrepreneurs... Here's how: Brand Ne

Welcome to the Movers and Shakers Podcast. This week’s guest is Eric Fitzgerald. Eric is a multifamily investor living and investing in Charlotte, North Carolina. His journey in real estate started in college, when two years into being a pre-med major, the reality set in that he would be in school until his late 20’s and Hundreds of Thousands of Dollars in debt. He switched his major to business and found the possibility of living a life by design through real estate by listening to podcasts, reading books, and diving into biggerpockets.com. Eric then worked in two property management jobs during college to learn the business from the ground up, one near Philadelphia and one on his college campus. After graduating with a degree in Business Management, he moved to Charlotte, NC and is full-time in multifamily working as an Investment Associate, having underwritten over $300 Million worth of apartment communities for Humboldt Partners, a multifamily investment partnership in Charlotte. He has partnered with Hum

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.               After turning the first home he purchased into a rental when moving cross country, Josh Roosen saw the power of cash owing assets. To further get his foot in the door he joined up with one of the nation’s largest real estate investing education companies, where he became passionate about helping others while furthering his own investing career. After realizing the power of multifamily he joined the Jake and Gino tea

Don Costa is based in Fresno, California, and has been active in real estate for 17+ years. He is the host of the popular Flip Talk Podcast and purchases distressed houses, conducts quality renovations, and sells turn-key homes.     After the crash of 2008, Don lost everything, but he bounced back bigger, stronger, and better. Don is also the founder of the Inner Circle Elite mastermind, which he attributes much of his success to being surrounded by the best people in the business. Don has been married for 17 years and has three amazing children.    He speaks with us about 2008, systems and Covid-19.   don@fliptalk.com   The Rundown COVID-19 2003 Entrepreneurship 2008 Collateral Loans House of Cards Trust People, Systems, Culture Getting Back In The Game Fundamentals Leadership Imma Mentality Growth Finding Good People Systems Slack The Hunt Wholesale Purpose Find the Vehicle The Honey Bee MSI Flip Talk Obstacles The Unknown Opportunities Creative Strategies Proper Underwriting Preservation Mode Self Directed

Mike Taravella interviews Will Coleman about the best time to refinance Key Information: Community banks have various seasoning periods ranging from 1-3 years depending on the bank Agency banks generally like to have 1-2 year seasoning period When you refinance the banks like for you to have “skin in the game” Know your prepayment penalties (yield maintenance or step-down) Yield Maintenance is calculated by taking the net present balance of the loan and multiplying it by the difference in the interest rate on the loan and the correlating bond yield. Step down is calculated as taking a predetermined percentage and multiplying it by the loan balance. If it is a 5-year term generally your step down will be 5% year 1, 4% year 2, 3% year 3, 2% year 4, and 1% year 5. Refinance is about helping you execute your long-term plan for the property Expert Pro Tip: Know who and what you are, be clear on that, meditate on it, and then live and die by it (Nipsey Hussle) Contact Information: will@randcre.com www.randcapllc.

Mr. Derrick Carpenter is a financial-services executive with a technology background, an operational focus, and 15+ years of experience serving the retail and financial industries. His expertise includes digital commerce and global payment platforms; technology integrations to streamline the customer experience; lobbying for strategic agendas for organizations and industry groups; and leveraging an excellent understanding of how all players deliver payment systems to merchants or customers. In this episode, Derrick shares with the listeners how he joined the Jake & Gino community to learn a framework to invest in multifamily. It took Derrick around eighteen months and exhibited persistence and an ability to tap into the community to close on his first deal during the pandemic. Derrick discusses what led him to find the deal, underwrite the deal and ultimately close during a turbulent time. Derrick’s goal is to continue to implement the Three Step Framework (Buy Right, Manage Right & FInance Right) to

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 share with the listeners how they have been able to support each other throughout their marriage, even when the decisions were difficult and they faced pressure from others. They give the listeners tips and strategies on how to support your spouse, as well as how to communicate with your significant other what it is you are trying to accomplish.               The couple answers a very co

Brandon Turner, founder and managing member of Open Door Capital LLC, is the best selling real estate author in the world and widely recognized as one of the foremost experts on real estate investing. Over the past decade, Brandon has established a strong track record investing in multifamily, including apartments and mobile home park assets. In addition to his accomplishments investing and publishing, Brandon is also host of the BiggerPockets podcast, which is the most downloaded real estate podcast in the world.   @beardybrandon Opendoorcapitalllc.com   The Rundown BiggerPockets Awards Trust Awareness Building A Brand Access Systems Putting In The Time Growth Traction Purpose Building A Legacy Trust The Process Level 1 Starting A Podcast Secret To Success Imma Aha Moments Collecting Rent Think Big, Start Small Proof Of Concept Comfort Zone Ability Zone Scaling A Business Invest In Yourself Forced Repetition Like-Minded People Skill Development Crystal Clear Criteria Key Performance Indicators Benefits of Cl

Mike Taravella and co-host Will Coleman interview Chris Pomerleau and Collin Schwartz of Park Ave Capital   Key Information: Streamline communication between your residents and maintenance teams Ask residents during due diligence what they like and dislike about the property Update common areas before raising rents upon takeover Leverage processes used by larger groups to help build your business Have more pride when you manage what you own and show investors you have skin in the game Sourcing deals: letters, networking, meeting brokers Underwrite and respond to deals quickly with brokers Leverage seller financing and community banks for financing Expert Pro Tip: Everyone has something to add value to a group. Make sure your end goal matches your partner’s and fine people who are smarter than you.   Contact Information: https://parkaveinvesting.com/ chris@parkaveinvesting.com collin@parkaveinvesting.com  To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Faceb

Kyle Marcotte is a 21 year old multifamily syndicator. While still a student-athlete at UC Davis, Kyle was able to syndicate two multifamily apartment buildings. These two deals totaled 119 units and are valued at over 5.5 million dollars. 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 Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

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.    Ryan Smith serves as a Principal of Elevation Capital Group bringing more than 15 years of extensive business experience in market evaluation, property analysis, management systems, due diligence and finance.   Ryan graduated from the University of Tampa with a Bachelor’s of Science in Computer Science. A highly recruited athlete, Ryan was drafted as a high school senior by the Baltimore Orioles, and again in college by the Anahe

Oren Klaff who is one of the world’s leading experts on sales, raising capital, and negotiation, having spoken at companies like Google, Xerox, and Cisco on these subjects. His first book, Pitch Anything, is considered “required reading” throughout Silicon Valley, Wall Street, and the Fortune 500, with more than one million copies in print worldwide. He has written for Harvard Business Review, Inc., Advertising Age, and Entrepreneur and has been featured in hundreds of periodicals, podcasts, and blogs. Previously, Oren was at Geyser Capital Markets, where he led more than 120 private finance engagements, that raised more than $500M in capital for acquisitions. Oren has a 360 degree view of how a company can maximize value for its shareholders via raising capital, selling their company, and / or growth via acquisition. Industry experience includes:  healthcare (IT, services), media, technology, financial services and consumer products. Representative engagements below: Prior to joining Intersection Capital, Or

Mike Taravella and co-host Will Coleman interview Adam Klenk and Austin Heithcock of Capstone Apartment Partners   Key Information: Access to jobs and walkability are very critical when evaluating land Newly developed builds in the surrounding market with rents per sq ft between $1.40-$1.50 and 200-300 units are ideally for new development  To develop you need to understand city zoning and planning  Entitlements: A specific plan or use a city has for a the land or building Nashville B-C Acquisitions = $70-$100k per Door Nashville New Build = $150k per Door Land prices increases due to compressing cap rates due to demand The less barriers with the land, the more costs saved to prepare it for sale   Civil engineers help promote your plans to the city Land sales haven’t slowed down during the pandemic due to leasing is 36 months from now Small developers leverage local banks for financing  Expert Pro Tip: Submit offers on deals and provide feedback to the brokers, especially if it is an off-market opportunity. C

Chris is the Principal and Managing Partner of Sharpline Equity. He specializes in finding under performing multifamily assets with high upside opportunities.  Sharpline Equity currently has 300 units under ownership in their portfolio. Chris has over 10 years experience in all aspects of real estate investing from flipping, wholesaling, lending money, small multifamily to large multifamily. Chris is also a Deal Expert coach with the Jake & Gino team. Chris began his career as a computer programmer and has 15 years experience in the tech industry. He has been a partner at a Long Island tech firm for the last 7 years. Chris resides on the North Fork of Long Island with his wife and two children. He is an avid bird-watcher and snowboarder. In this 1 year anniversary episode of Movers & Shakers, Chris, Josh & Gino discuss how a new investor can get started, what opportunities are coming up in the market and how to be prepared for them. We're here to help create multifamily entrepreneurs... Here's how

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 show, Julia & Gino share how mothers not only impact the family, but have a huge impact on all of us.  They both share stories of their mothers, and how they shaped their lives. Julia also shares her trials and tribulations as a mother, and tells all moms out there that it can be lonely at times, but it all comes back to the lasting impact that we have on our kids. We can also look back at our relationship with our moth