Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Cole Hatter is the founder of Thrive: Make Money Matter, an entrepreneur, investor, and award-winning speaker. Cole’s vision behind creating Thrive is to change the way businesses are run forever, creating a new breed of “For-Purpose Entrepreneurs” directing profitable businesses that focus on a local or global initiative.the founder of Thrive: Make Money Matter, an entrepreneur, investor, and award-winning speaker. Cole’s vision behind creating Thrive is to change the way businesses are run forever, creating a new breed of “For-Purpose Entrepreneurs” directing profitable businesses that focus on a local or global initiative. He speaks with us about education, liquidity and making money matter.   attendthrive.com JAG   The Rundown Love of Real Estate Liquidity Preference Volatility True Wealth Creation Legacy Wealth Partnership Progression Family Life Strategy Property Management Customer Experience Culture Skillset Vetting Making Money Matter Missionary Work Altruism Re-Entering Real Estate Thrive Tribe Defi

Mike Taravella interviews Ryan Smith from Elevation Capital Group to discuss the value of cash flow, manufactured housing communities, and self-storage Key Information: Cap Rate is the equivalent of an equity multiple If you increase the NOI of a 5% cap rate property by $1 per month: The Cash Flow investor will see a $12 increase The Value Investor will see a $240 value increase ($12/5%) Value investors is looking to add dollars of NOI to grow Manufactured Housing Communities and Storage Facilities have favorable business models where you can consistently add value Manufactured Housing Communities value add opportunities: provide storage options, covered parking, sheds, increasing rents responsibly  Fund structure allows more diversification by being able to buy more assets with a single investment Funds allow for more balance sheet which is vital for financing Only reason you sell is because the market or property is impaired Expert Pro Tip: Know what you value and find a structure and sponsor that aligns wi

Welcome to the Movers and Shakers podcast. Our guest this week is Francesco Guarino. He is currently a Managing Director of Operations for an NYC based alternative investment manager with over 15 years experience in the alternative asset management and FinTech industries.  Francesco got started in multifamily investing back in 2010 with the purchase of a “mom and pop” owned fourplex in Northern NJ.  Over the next 7 years Francesco earned his MBA from Rutgers Business School while self-managing his first property. Francesco “refi and rolled” into a second fourplex on the same block, purchasing it directly from the property owners in 2017.  He recently acquired a third fourplex in the same neighborhood in an off-market deal from two retiring partners, bringing his portfolio to 12 doors. Francesco has been happily married for the past 11 years to his wife Mary Ann, a cosmetics manufacturing executive, and the pair are parents to their two daughters, Liviana and Sienna.  Francesco credits his father in-law Franco

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, Gino and Julia are joined by Tracy and Keeley Hubbard. They are the father-daughter duo, and Managing Partners of Hubbard Capital Group, a multifamily real estate investing company. They strategically acquire, own, and operate apartment buildings across the U.S. to provide a strong return to their investing partners.   Keeley and Tracy’s unique skills have create the perfect match in identifying solid investmen

Ellie Perlman is a real estate investor who owns multifamily properties across the U.S. Ellie is the Founder and CEO of Blue Lake Capital, a real estate investing firm specializing in multifamily investments. At Blue Lake Capital, Ellie helps investors grow their wealth by investing alongside her in large deals. Ellie holds a Masters in Law and an MBA from MIT Sloan School of Management. She started her career as a commercial real estate lawyer, leading real estate transactions for Israel’s largest real estate company. Later, she transitioned to a property manager role and oversaw properties worth over $100MM. Ellie is a Forbes author on real estate investing, the host of the podcast "Unbelievable Real Estate Stories" and a writer of a weekly blog.   www.ellieperlman.com   The Rundown Why Real Estate? Property Management Israel Lawyers Risk Aversion First Deal Partnerships Syndication Economies of Scale Limiting Beliefs Experience Brining Value Efficiency Through Technology Constant Improvement Education Maki

Mike Taravella interviews Tom Castelli, CPA  from the Real Estate CPA to discuss tax time, what to look for a CPA group, and the importance of having clean books. Key Information: Find a CPA has experience with real estate specialization and have the same value based system Understand the fee structure because it could be hourly or certain fee structures Look to engage a new CPA before year-end Do your bookkeeping throughout the year, not just at the end of the year As a real estate syndicator make sure you have your K-1s by March 15 so investors can file their taxes by April 15 More sophisticated groups will have K-1s issued by March 15 K-1s are an investor’s portion of the profit/loss and distributions for a particular process A great CPA will allow you to continue to apply offense in finding new deals, while they are playing defense You need tax returns from last 2 years before being a General Partnership Can take deduct W-2 income if you are a “real estate professional” Always have an audit trail and docu

Welcome to the Movers and Shakers podcast. Our guest this week is Wil Glafenhein. Wil has always considered East Tennessee his home. In fact, with both his father and grandfather being a part of the building and real estate industry, serving the community of East Tennessee has been a family affair for over 60 years. Wil has proved himself to be one of the brightest and hardest working real estate professionals in his field. He has welcomed clients from a wide array of backgrounds and fully serves them with eager knowledge and ability. In just his first 6 years in the real estate industry, Wil has produced over $100 Million in sales has solidified himself at the most productive individual agent in our entire region. Wil previously worked for Amazon.com Managing 500+ employees which brings a truly refreshing professionalism and perspective to the real estate industry for every client he serves. He can relate to demands and schedules of his clients who are high up in the corporate ladder and need efficient and a

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, Gino and Julia talk about dealing with other people. They will discuss the struggles of working with others, as well as talk about the reasons why it is important to know certain things about yourself.     Questions or comments? Email us at juliabarbaro@gmail.com We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Wan

Chris Prefontaine is the best-selling author of 2017’s Real Estate On Your Terms and 2019’s The New Rules of Real Estate Investing. A real estate investor with over 27 years experience in the field, Chris is the founder of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team. He speaks with us about the 3 paydays, deal flow and scale.   www.smartrealestatecoach.com   The Rundown 1991 Realty Executives Coaching 2008 Owner Financing Free & Clear Principal Payments Dealflow Mailing Out of State Owners Expired Listings Extending Terms Rent to Own 3 Paydays Self Directed IRA Scaling Up Education Investor Qualities Pie In The Sky Franchising Current Goals Daily Routine Exercise Journaling Tips for Scaling Up 36 Month Commitment Book Recommendations Volume Key Take Aways   Check out our Upcoming Live Events

Dylan and Mike discuss operating expenses and the future risks of each Key Information: Management Fee= % of Income the property management in. Verify if other fees are included Repairs & Maintenance are recurring maintenance such as turn costs, touchup costs,  etc R&M should be increasing at the rate as the Consumer Price Index (CPI) due to material costs General & Admin (G&A) includes office expenses, computers, technology, golf carts G&A will increase due to your management’s view on technology moving forward Contract Services include trash, landscaping, pest control, and other services Contract services will increase due to increasing wages  Marketing Costs have shifted from being physical ads to technology Payroll includes salary, benefits, turnover costs, and continuing education Payroll will continue to increase because labor markets are continuing to be more competitive Utilities include water, electric, and gas for office, common areas, and vacant units Natural resources continue

Welcome to the Movers and Shakers podcast. Our guest this week Kyle Mitchell. He is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $17MM AUM. Heist he Managing Partner and Co-Founder ofLimitless Estates, who’s vision is to provide A class living to lower income housing by putting the residents first and instilling a sense of community while inspiring others to do the same. Kyle is also the co-host of the weekly real estate podcast, Passive Income through Multifamily Real Estate, where he speaks with various experts in the real estate industry to help educate and create clarity for passive investors. With a background in operations, management and logistics, he has overseen multi-million dollar businesses and has a passion in doing the same in the multifamily syndication space. 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 Scal

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, Gino and Julia talk to Mike Taravella about his college experience and what he thinks about college. He will discuss how his college experience impacted his current job at Jake and Gino and has other life skills.   Mike Taravella is a CPA, graduated from Michigan State University in 2014 with a Masters of Science in Accounting. He has worked 5 years professionally in accounting. He started at Ernst & Young in p

   Rod Khleif is a multiple business owner and philanthropist who is passionate about real estate, business and giving back. As one of the country’s top business, real estate and peak performance luminaries, Rod has owned over 2000 homes and apartment buildings and has built over 22 businesses in his 40 year business career several of which have been worth tens of millions of dollars.    He speaks with us about visualization, goals and the power of focus.   https://rodkhleif.com/   The Rundown Backstory Emigration Wanting More Work Ethic Starting at 18 Mindset Limiting Beliefs Experts Education Wayne Scalability The Why 2020 Goals Visualization Flux Capacitor Words Are Powerful Freedom Comfort Zone Inspiration Gratitude Vision Boards Lifestyle By Design Stacking Goals Vision for the Future Giving Back Multifamily Property Tool Book Habits For Success Focus Gifting Mastermind   Check out our Upcoming Live Events!   Subscribe to our Youtube Channel for lots of great content!   Buy our new book The Honey Bee!

Ep. 43- The RandCRE Show: Always Adapting with Gino Barbaro Dylan and Mike interview Gino Barbaro, the co-founder of Rand Partners and Jake & Gino. Key Information: Have a powerful why to push you towards your goal Education X Action = Results Multifamily hasn't changed as an asset class: investor savviness and more awareness internationally has increased the pricing 1031 Exchanges have resulted in an increase in pricing Gino’s strategy has evolved from buying older assets to newer assets If you are buying in more tertiaries markets, you may have less demand and liquidity when selling that asset Review every deal’s exit and debt strategy based on the current market strategy Buy Right. Finance Right. Manage Right Make sure you objectively review the market you are in Expert Pro Tip: Surround yourself with high level people who push you to learn and grow   Contact Information: www.jakeandgino.com/honeybee We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakea

Welcome to the Movers and Shakers podcast. Tyler Chesser CCIM, is the Founder and President of The Chesser Companies, a commercial real estate firm that focuses on real estate investment, brokerage and coaching for real estate investors. He is an experienced multifamily real estate investor (active and passive) and has experienced the successes and failures of building a real estate portfolio. Tyler is also the Co-Founder of CF Capital LLC, a real estate syndication firm, which focuses on acquiring and repositioning multifamily assets in the Southeast United States and provides institutional-quality services to its residents and outsized returns to its investment partners. Additionally, Tyler hosts the popular top 200 global business podcast, Elevate, where he sits down with top real estate entrepreneurs and other recognized performers in their respective fields who have created or are creating an "uncommon" life. The show is essentially a virtual "mastermind," where Tyler and his guests uncover tools, tactic

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, Gino and Julia talk to Mark and Tamiel Kenney about their life story and how they grew together as a couple through some challenging times. They  are seasoned real estate investors and the founders of  Think Multifamily, a leading Multifamily Acquisition & Education company that prides itself on a family-oriented approach to business. Mark & Tamiel started their real estate career over 25 years ago and

   Pat Hiban is the founder and Chairman of Rebus University and is the host and founder of real estate podcast Real Estate Rockstars with Pat Hiban, which has featured guests including Robert Kiyosaki and Shark Tank's Barbara Corcoran.     Hiban is a former real estate agent out of the Baltimore MD area, and is the owner of the Pat Hiban Group with Keller Williams. As a billion-dollar agent, Hiban was awarded #1 REMAX Agent by gross commissions in the world in 2004 and #1 Keller Williams Realty Agent in units sold nationwide 2006. He was named a New York Times and USA Today best selling author, and has been quoted in Time Magazine, the Washington Post, the Baltimore Sun, and various other real estate publications.    He is also one of the founders of GoBundance, an adventure company for "healthy, wealthy, generous individuals who choose to lead epic lives".    Tribeofmillionaires.com   The Rundown Real Estate Rockstars Tribe of Millionaires Current Focus Asset Management Petty Cab TV Show Moving Money Fast b

Dylan and Mike interview Brian Eastman, the principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado. Key Information: 70% of Brian’s clients use a Checkbook IRA Checkbook IRA is a great tool for people who have existing retirement accounts Checkbook IRA gives flexibility to invest in more than the stock market Checkbook IRA you are the Fund Manager instead of paying a custodian You can’t commingle the funds with your personal Takes 3 weeks to setup an account, so be proactive and get it completed on the front-end Make sure you feel comfortable with the self directed vehicle before you invest Solo 401k good for self-employed people, with no employees, who can continue to contribute Solo 401k you can contribute $63,500 in 2020   Expert Pro Tip: Talk to a handful of advisers, not sales pitches, when understanding self directed accounts   Contact Information: https://ira123.com/r/randpartners/   For more information/to connect with Rand CRE: www.randcre.com   To register to invest with

Welcome to the Movers and Shakers podcast. Our guest this week is Michele Brophy. She was a former graphic designer, certified teacher, and a mother of two. In 2009, she began helping her husband Shawn with single family rentals. In 2015, they got serious about passive income and went full time into real estate, implemented systems to help double their single family portfolio 2 years in a row. As of 2018, they have expanded their geographical area to include mid-size manufactured housing communities in Indiana. Michele remotely operates and manages 2 communities, totaling 51 units, and growing. She is now the Co-Owner (COO) and manager of Daily Operations for Redmae Property Group with her husband. They own and operates a mixed portfolio of 64 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 MULTIFA

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, Gino and Julia discuss their experiences on raising their family while creating Good Money Habits, Responsible Spending & How they Create a Budget.  Topics include:   The pros and cons of credit Creating a budget The benefits of budgeting Steps to starting a savings program Ways to generate additional cash As Parents we have to be the role model for our children, and have to adopt healthy money habits.