Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Mr. Childers is a Managing Member of Cedar Rock Capital based in Nashville TN. Mr. Childers has over 15 years of experience in real estate investing in Middle TN. He was 25 years old the first time he partnered and purchased his first rental property. At 27, he formed another partnership and secured University Lofts, a 114 unit property in Murfreesboro TN, which allowed David to learn the business in all aspects. His most recent purchase was Hilburn Apartments, a 86 unit complex located in Pensacola, FL. He speaks with us about underwriting, quitting the brokerage and being a roadie.   Dave@cedarrockcap.com   The Rundown Tornados, Viruses & Earthquakes Bidet Guitars Nashville Roadie Best Friends Flipping Value not Money Millionaire Next Door Personal Training Finding A Passion Generational Wealth The Value of Time The G-Grandad Falling Into Multifamily Property Management Intentions Are You Ready? Getting Started 2008 vs Now Refinancing Brokerage Ah-ha Moment Passive Income Day Job The Void PNLs Mom &

Mike Taravella and co host Will Coleman interview Rob Beardsley founder and principal at Lonestar Capital.   Key Information: Rob identifies three major levers of underwriting he is looking at in order to better prepare his underwriting on future acquisitions. Those three levers are:  Stabilization timeline - Having a realistic time frame of when you will make the improvements of the property, increase rents, and get your occupancy up. Don’t assume everything will be perfect in one year. Rob underwrites at 0% rent growth during the first 24 months of the stabilization timeline.  Going in Vacancy Rate - Things are uncertain in the market right now, there is a possibility of an increase in vacancy and it is important to stress test this number to see how it impacts your model.  Hold period - If you were underwriting at a 5 year hold period now stress test it to 7 years. Which will automatically impact your IRR.   Rob and his team have not changed the level of return they are looking for on a deal.  When underwr

Kent is a former start-up owner and corporate executive turned real estate investor. As a real estate investor, Kent has achieved financial freedom and is pursuing his dream. Now he is passionate about helping others own their own financial future through real estate. Kent is the host of the Ritter on Real Estate podcast and Youtube channel. Where he teaches people how to Passively Invest like a Pro! He is the VP of Investor Success for Birge & Held Asset Management. Since 2008, They’ve acquired 13,500 apartment units and currently hold $1.1 billion in assets under management.  Their 12-year track record, vertical integration, and 8-hour rapid rehab process creates unparalleled value for their investors. Kent currently resides in Indianapolis, Indiana with his beautiful wife and three kids. kentritter.com kent@kentritter.com Passive Investor Success Package Offer - Exclusive content from Gino Barbaro, Joe Fairless, Dan Hanford, Hunter Thompson and John Casmon to make you a better investor. All you have 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.    Julia and Gino share stories of their children growing up and how these interactions with their kids helped shape who they are today. Gino discusses the other pandemic that is slowly overtaking society, the assault on the family, and daughters who are being neglected by their fathers. Dads, it’s up to you to stand up and fight for your daughters! It is your duty to show them that you are the leader, you are the authority figure

   David Greene is a former Police Officer and co-host of the BiggerPockets Real estate podcast. The author of best selling books “Long Distance Real Estate Investing”, “Buy, Rehab, Rent, Refinance, Repeat”, and “Sell Your Home For Top Dollar”, David is passionate about helping others build wealth through real estate and runs the blog “GreeneIncome.com”. A nationally recognized authority on real estate, David has been featured on CNN, Forbes, and HGTV as well as over 25 different real estate podcasts. David runs “The David Greene Team”, a top producing real estate company in Keller Williams where he has won multiple awards for production and teaches agents how to excel in building their business. An active real estate investor, David owns single family properties across the county, shares in apartment complexes, notes, and shares in note funds.     He speaks with us about being in law enforcement, employees and extreme ownership.   davidgreene@kw.com @davidgreene24 (Instagram)   The Rundown COVID-19 Police Wo

Mike Taravella and co host Will Coleman interview Robert Durham and Jordan Brooks with ALN Apartment Data.    Key Information: ALN provides data to apartment owners throughout the country.  DFW: About 82% of tenants paid rent in April compared to 90% in March. Occupancy still looks strong, Jordan is not seeing a drop in Occupancy for Dallas so far.  Atlanta: Rents have increased about 0.2% in 2020 compared to about a 2% increase in 2019. Jordan is not seeing a large jump in concessions as of yet. Demand is looking good in Atlanta.   Orlando: Rents in Orlando have been flat for a while with rents growing less than 1% per year for the last couple of years. Robert believes there will be some investment opportunities in Orlando due to the negative impact COVID-19 will have.  Phoenix: Rent growth in the first quarter was 2%. Rent concessions are being less prevalent. They are also seeing a strong occupancy of approx. 92%.  Nashville: They have seen a negative absorption in the first quarter of this year. Stabilize

Daniel has a Bachelor degree of Science in Marine Engineering from the U.S. Merchant Marine Academy. He has eight years of experience in real estate investing, buying, selling and self-managing smaller multifamily properties.   He owns 3 multifamily properties in downtown Charleston, SC and has great knowledge of local neighborhoods in the Dallas Fort Worth Submarkets where he currently resides. Daniel is a passive Investor in 310 units in Dallas. He is a Jake & Gino student and has been able to expand his portfolio utilizing his experience as a business owner and has leveraged the Jake and Gino community’s resources.   Here are Daniel’s points of contact:   Phone: 319-830-9034  E-Mail: Daniel@LMMaxRealty.com 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 & MENTORSHI

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.  Julia & Gino discuss the importance of choosing a partner that shares your core values and goals, and why it is so important to have your core values help you with decision making and setting goals. Our core values are our deeply held beliefs. We can use them to easily make our decisions in life… sometimes we don’t know what our core values are or just never thought about them. When we find ourselves struggling to make decision

Jake & Gino share their opinions, tips and lessons learned as pertain to the recent global coronavirus pandemic. They discuss the media, personal growth and what affect the crisis may have on multifamily real estate.   The Rundown COVID-19 Limiting Beliefs Energy Blocks Suck It Up Partnership Rand Family Rent Collection Support Systems Media Merry-Go-Round No Judgement Zone Catabolic Energy Responsibility Internal Evaluation Communication Opportunity Personal Growth Virtual Leasing Virtual Tours Seek to Serve Gratitude Journaling Positive Mindset Consistent Messaging Transparency Time Hard Assets Core Values Mission Statement People First Overhead Calm vs Panic Coronavirus Lessons Fannie & Freddie Confidence Community Banks Crisis Cushion Numbers Can Lie Pencil Whipping Buy Right Do The Work T12 Income Cultivate Relationships Gino’s Trattoria Analyze The Vehicle Wrap Up Make It Happen Check out our Upcoming Live Events!   Subscribe to our Youtube Channel for lots of great content!   Buy our new boo

Mike Taravella and co host Will Coleman interview Joe Fairless Co Founder and Partner of Ashcroft Capital.    Key Information: When Joe first started he learned valuable lessons, for example your investments need to be well capitalized. You shouldn’t rely on the cash flow of the property for your capital expenditures. He was also not as focused on the quality of areas he invested in.  He now focuses on deals that meet his medium income and crime requirements.  As Joe’s business has grown he has brought on new team members on the acquisition and underwriting side.  On the asset management side Joe has gone from working on the property himself to hiring a team that is still very hands on for the properties they are managing.  Hiring is key when it comes to creating your company culture. Joe mentions that he asks himself “knowing what I know now would I hire this person” after they have worked for the company for a few months. If the answer is no, it may be time to go in different directions.  Expert Pro Tip: Th

Welcome to the Movers and Shakers Podcast. In this episode, learn how Hendra & Mercy use the 3 T’s, (Time, Treasure & Talent)  to create success in Multifamily Real Estate.                         Coming as a foreign student to the US, Hendra & Mercy earned their degree from San Francisco State University. After graduation, Hendra has worked in Pre-IPO startups, Fortune 50, and Big 4 corporations while Mercy worked in the hospitality industry and successfully operated multiple restaurants.              After investing in Single Family on the side to save for their son's college fund, they realized that it's not scalable fast enough. It prompted Hendra & Mercy to start looking into Multifamily by late 2018 and finally decide to jump in by mid-2019 with Jake & Gino.              To date, Hendra & Mercy have been involved in 4 projects with a total of 771 units as both General and Limited Partners. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here:

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.   During these trying times, the fixed mindset is exposed, and many people revert to casting blame and judging others. Julia & Gino discuss the difference between a fixed mindset, one that casts blame and judgment, versus a growth mindset, one that is focused on growth, hard work, and seeking solutions.   Gino shares his story of selling the restaurant, and how fortunate he was to exit before the pandemic hit. He has empathy f

   Jordan Harbinger, often referred to as “The Larry King of podcasting,” is a Wall Street lawyer turned interview talk show host, and a communications and social dynamics expert. Jordan began broadcasting in 2006. He receives over six million downloads every month, making The Jordan Harbinger Show one of the most popular podcasts in the world. The show was awarded Apple’s “Best of 2018” and is one of the most downloaded shows of the year. On The Jordan Harbinger Show Jordan deconstructs the playbooks of the most successful people on earth and shares their strategies, perspectives, and practical insights with the rest of us.    He speaks with Jake and Gino about networking, podcasting and referral currency.   jordanharbinger.com/course   The Rundown Networking Law Firm Making Partner Firm Handshakes Self Publishing Psychology Taking Notes Being A Lawyer Competitive Advantage Working Retail Law School Wall Street 2008 Sub Prime Mortgages Podcasting Finding Your Path Network Marketing Sales Learn A Skill Though

Vinney got started in senior living due to the “silver tsunami” coming. 10,000 baby boomers will be turning 65 plus each day.  Vinney is involved in two areas of senior living:  Active Senior (55+ only communities).  Assisted Senior Living with memory care.  Vinney has seen a bit of a pullback on leverage when looking at construction financing, in the ballpark of 75% to 70% LTC.  Senior living has an opportunity to improve the quality of senior living communities. Making sure the amenities are high quality and the type of amenities this generation will want.  Expert Pro Tip:    Now is the time to get into the game. This downturn is presenting an opportunity to new and old investors. Even if you think you can’t afford it you have to take action.  Contact Information: https://vinneychopra.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

Learn how Joshua at the age of 30 was able to build a $20 million dollar portfolio. After turning the first home he purchased into a rental when moving cross country, Josh 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 team to grow his portfolio in multifamily while expanding the Jake & Gino community. Currently Josh owns 328 units. 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.   In this episode, Julia & Gino discuss the importance of creating your own story, the components of a good story, bringing value, and sharing it with others. Most of us think that we don’t think we have a story, or that others don’t want to listen to it, but that is just plain false. Stories are an integral part of our lives, and we learn and are entertained by stories.   Julia & Gino present a framework to story telling,

    Oren Klaff 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.      He speaks with us about syndication, attracting the right investors and the brain.   www.pitchanything.com   The Rundown Pitch Anything Mastery Syndications Debt vs Equity Raising Capit

Mike Taravella and co host Will Coleman interview Bill Ham, Chief Operating Officer at Broadwell Property Group.   Key Information: Bill has been focusing on newer assets (primarily 1985 and newer) Not focusing on major capital expenditures that don’t have any ROIs (Plumbing) Bill is also focusing on long-term holds Bill anticipates a 15-20% reduction in multifamily valuations Collections in April have been consistent with the previous month but is anticipating a slowdown in May The reserves required for financing is very costly equity and ruin cash returns Bill focuses on 2 creative financing options: seller financing and master leases Seller Financing requires zero or minimal existing debt, market rate interest, interest-only term, 15-20% down, 18-24 month terms. Instead of using down payment, leverage capital expenditures in an escrow. Master leases have more risks because you are a renter and the landlord may not accept your purchase price Expert Pro Tip: Focus on your competency and become more proficien

Welcome to the Movers and Shakers podcast. Our guest this week is Brian Rees. He is a family man, full time corrections officer for the NYC Dept. of Corrections and a part time multifamily investor. Brian will be in the process of reversing those two within a 5 year window to become a full time investor, part time officer.He is also a volunteer coach for all his children’s activities including Lacrosse, wrestling and Brazilian Jiu- Jitsu. 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.    In this episode, Julia & Gino discuss what an empowering question is, how to ask an empowering question, and the benefits of incorporating these types of questions into your daily life. An empowering question is a thought provoking, open ended, challenging question that allows a person to look for answers and new opportunities. Tony Robbins is famous for saying “Successful people ask better questions and as a result, they g