Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Jake and Gino discuss the ins and outs of partnership. They go over the qualities that have made their partnership so successful and offer guidance on how best to go about choosing your partners.   The Rundown Core Values Unwavering Ethics Mission Statement Honesty Objectivity Credibility What do you want? Work Ethic Responsiveness Commitment Sniff Test Bootcamps Value Trade Off Hiring Out Accountability Reverse Engineering Priorities Meeting Rhythm Rockefeller Habits Extreme Ownership L10s Communication Taking Responsibility Education x Action = Results People, Systems & Culture Solutions Oriented Coaching Operating Agreements Expectation Diagnosing The Problem Creating Goals Creative Solutions Education Pivot, Test, Repeat. Design Plans 4 Ways to Partner Pros & Cons of Partnership   Subscribe to our Youtube Channel for lots of great content!   Buy our new book The Honey Bee! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/f

Dylan and Mike interview John Casmon and discuss strategy going into 2020 and identifying hot submarkets. John is a real estate entrepreneur, who has partnered with busy professionals to invest in close to $90 million worth of apartments. John hosts the Target Market Insights podcast where he covers multifamily and marketing insights. Key Information: Take inventory on 2019 and review the strategy going forward in 2020 It is lazy and irresponsible to stop being active in “hot” markets Opportunity cost and inflation are huge risks sitting on the sidelines Constantly review your deal flow, financing, business plan , and deal structure to create success Never invest solely on IRR on paper The savvy sponsors that truly execute the business plan will be left after the correction Know your customers and what they are looking for towards their needs John started his podcast to help him learn from more experienced investors Understand the submarket level even if the MSA is performing poorly Get ahead of the path of p

This weeks guest on the Movers and Shakers podcast is Baron Hollowell.             Baron’s serial entrepreneur life can be traced back to his childhood and parents. Being raised by entrepreneurs and he knew he never wanted to work for anyone else. His first entrepreneurial pursuit was starting a successful trucking business. Taking his profits he started investing in real estate and bought his first 2 SFH in 2011. Quickly realizing it wasn’t scalable. Then when oil tanked in 2015, Baron adapted and started a meal prep company. Recently Baron shifted his focus back to real estate, first buying a duplex to house hack. Wanting to go bigger he joined the Jake & Gino community and last November closed on his first 16 unit apartment complex. 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 INVESTI

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 the importance of teaching youth about the value of money and the importance of being a positive role model.   What can parents do?   -  Be the role model. We are stewards of our money - Baby steps -  Let’s start being aware of our attitude with money -  Budgets work -  Show them accounts Talk money Teach value versus price -   Time is most precious asset -   Create home budget -   Crea

Nikolaï is the founder and CEO of MREX. He’s regarded as one of North America’s leading experts in apartment investing with over CA$1 billion in analysis and transactions. A leading expert in multifamily financial engineering, he’s often called to stand in as teacher, adviser, and speaker. He is also a real-estate technology pioneer with his current work on multifamily real-estate property tokenization with block chain. He speaks with us about risk, quantitative easing and humility.   https://www.linkedin.com/in/nikolairay/   The Rundown Humility Ego MREX Redundancy Investment Banking Competing Values $10T Market Hierarchy of Needs Modernizing Multifamily Buyout Risk Sortino Ratio Stock Market Control Sophistication Chasing Yield Operators Assets Cashflow Risk Liquidity Risk Financial Engineering Leverage Capitol Placement Fish in the Sea Blue Ocean Strategy Loan to Value Downtown Revitalization Perpetual Annuity Renovation Operational Capacity Quantitative Easing Howard Marks Political Will Market Cycle Reve

Dylan and Mike interview Jennifer Outland, the Regional Manager of Rand Property Management.  Key Information: Budgets should be consistently reviewed to create feedback loops with your property management company and your investing entity. Property Management first and foremost entails creating a positive resident experience Every month you should be reviewing budgets to compare actuals with the budgets and to see if there are areas that team members need further training on certain aspects of the business The biggest change in the last month for Rand Property Management is hiring Area Property Managers to help Community Managers with extra training and reporting When creating a positive resident experience treat each person like a guest (Ex: smile, move in baskets, giving residents undivided attention) Language dictates how you feel (Home instead of unit, Resident instead of  Tenant, etc). Net Promoter Score (NPS) asks: “On a scale of 1-10, would you refer your community to a friend to a colleague?” A good

This weeks guest on the Movers and Shakers podcast is Adam La Barr. He joined the United States Air Force in 2003 and has been all over the world since then including Iraq, Afghanistan, Korea, Japan, Germany, Spain, Thailand, and many other places.   After getting married to his beautiful wife, Raquel, in 2010 he began to spark an interest in real estate. This interest turned into a passion which led Adam to many different mentor groups and eventually joining forces with Jake Stenziano and Gino Barbaro who gave Adam more than just an education; they gave him a desire to succeed! He took off and purchased a 62 unit apartment and joined in a 132 unit syndication while living overseas. Adam is currently invested in over 340 doors and climbing!   Adam is very active in educating military members in ways to invest in real estate and even co-authored a #1 best selling book to work that front. Active Duty Passive Income currently has over 7,000 members and continues to provide military members and veterans from arou

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 the importance of making choices. 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 Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENT

Jay Helms is the creator of the W2 Capitalist, a community that connects motivated and ambitious W2 employees who have a successful and fulfilling job but want to build wealth for their family through real estate investing. He is an investor, syndicator, podcast host, blogger and family man in addition to his W2 job. He speaks with us about true wealth, net worth and morning routines.   W2Capitalist.com   The Rundown Wingin It Growth Cashflow Single Family BiggerPockets Mindset W-2 Shifting Focus MSI True Wealth Finding Your Why Perspective & Purpose Zone Defense Education Desperation, Inspiration, Perspiration Side Hustle Virtue of Selfishness Net Worth Entrepreneurship Homework Transparency Community Miracle Morning Bedtime Looking for A Market Secret Shopping Value Add REI Groups Partnership Moral Compass Water Exercise Meditation Mistakes Made Books Future Planning Predictions Great Time To Start   Subscribe to our Youtube Channel for lots of great content!   Buy our new book The Honey Bee! We're he

Full-time Passive Investor Dylan and Mike interview Travis Watts discussing how he went from an active investor to a full-time passive investor. Travis has been investing in real estate since 2009 in multi-family, single-family and vacation rentals, while working on an oil rig. Travis is also the Director of Investor Relations at Ashcroft Capital. Travis has invested in over 25 passive syndications between 14 different firms Key Information: Travis moved to a passive investor once he built enough liquidity to invest and being actively in several single family homes Try to meet the sponsors in person or on Zoom to build trust with sponsors Investors need to understand more than the pro formas Ask the sponsor your questions, there are no dumb questions Self educate yourself through podcasts, books, and networking Ask tough questions on the front end Review rent growth to see if it is conservative  Review debt structure  Does your investing philosophy align with the sponsor? Understand the full story of the deal

This weeks guest on the Movers and Shakers podcast is David Dawkins. David spent the previous 10 years of his professional career in corporate finance and sales. He started investing in real estate three and a half years ago and grew his portfolio of small multi and single family rentals to over $2.5MM. He transitioned to real estate full-time four months ago, focusing on commercial multifamily, and has since closed on a 10-unit property and has a LOI accepted on 29 more.     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, Gino and Julia talk about Values. Life is about choices and values.  Our values reflect the things that matter the most to us. When we live our best life and our most authentic life, it is usually lived from our values.  Our values are an important part of the decision process and really define who we are as people. You can literally take your core values list and use them as a guide in your decision making pro

Produce at your W2 job or business to earn & save money.  Save your additional income to invest. Begin to educate on investing & changing the mindset (Education X Action = Results). Join mastermind groups, communities & attend events. Become a producer, not a consumer. Purchase assets that produce a yield. Get into a better tax position. Reinvest the yield into other assets. (Refi & Roll) Pay off all personal debt to create snowball. Keep snowball rolling & move to fulfill soul purpose. Give back. Tips: Create home budget. Plan your weeks. Create yearly goals. Put aside emergency fund of $1,000. Put aside 3-6 months of income. Properly insure yourself. Insure for the catastrophic, not the consequential.  Look at all coverages, and your investments to make sure you are maximizing them. Take control of your credit score. Subscribe to our Youtube Channel for lots of great content!   Get The Honey Bee for $0.99 on Kindle! We're here to help create multifamily entreprene

Dylan and Mike discuss why budgeting is so important and how to review your revenue and expenses.   The reason for budgeting is to create accountability for you and your property management team. By creating budgets that both agree on you can create a game plan and prevent expense creep. You will continue to improve by constantly monitoring your budgets.   The first step to budgeting is reviewing the current year’s performance. This will allow you to create a baseline and understand how the property is performing. This will also allow you to also reset your underwriting assumptions going forward.   Next you need to review your revenue nd see how the nature of the expenses. For revenue can you improve your rents to market rents or can you improve your occupancy. Can you increase other income by charging fees such as Pet Fees or Move-In Fees?    When reviewing expenses can you reduce the fixed, seasonal, or variable expenses? You can do this through negotiating and reaching out to your vendors. Review the rent

Welcome to the Movers and Shakers podcast. This weeks guest is Isaac Chiang. Isaac was born in Taiwan. He came to NY in 1984 at the age of 14. Growing up, he worked as a bus boy in Asian restaurants, delivered newspapers, and worked as a guide in dance clubs. After college, he worked in the Tech industries for 15 years. Being an ex-employee of Intel Corporation, as well as founding and selling a tech startup in 2007 by the name of Formosa Technology which manufactured and distributed memory chips for both PCs and cell phones. After that he took his savings and decided to jump into MF in 2010. Currently Issac and his wife are full time real estate investors owning a personal portfolio of approximately 200 apartments in greater Cincinnati, greater Charleston, SC and Queens, NYC area. 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? App

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 Dr. Phil Maffetone, Julia’s Dad. Dr. Phil Maffetone’s credo is that “everyone is an athlete.” As a health and fitness trendsetter he has perhaps had more positive impact on a wider variety of people than anyone in modern history. From professional and Olympic athletes in virtually every sport, to average people from all walks of life, his system for achieving optimum human performance by

As the owner of Kahuna Investments, Corey strives to provide his investors with stable cash flow returns and long-term capital appreciation by buying multi-family apartments. Corey has managed and acquired over $65 million in real estate across the country. He is the bestselling author of Why The Rich Get Richer – The Secrets to Cash-Flowing Apartments͟ and host of the Multi-Family Legacy Podcast. He speaks around the country on this subject including at Harvard and Nasdaq. Corey is frequently featured on FOX, CBS, ABC, and NBC affiliates. He speaks with us about metrics, Murphy’s Law and perspective.   Kahunawealthbuilders.com   The Rundown Atlanta Bootcamp Money or Deals Rich Dad, Poor Dad REIAs Wholesaling Raising Money Self Selection Multifamily Overcoming Intimidation Limiting Beliefs Where to Start Blue Ocean Customer Experience Investor Portal Building Trust Hand-written Notes Making Mistakes Commit First Market Selection Cashflow Student Housing Proximity Metrics Micro-Repositioning SEO Murphy’s Law S

Dylan interviews Rand Capital’s newest team member Mitchell Stogner to discuss the 2019 Financing Year-End Review.  Mitchell has worked with a diverse group of real estate investors and developers during his previous role as a commercial loan officer throughout the SouthEast. Whether it be new construction, renovation, acquisition or refinance, he ensures debt be structured and tailored to meet a client’s specific needs, financing over $250M in deals. Mitchell is focused on the relationship and believes it outweighs a simple transaction.  2019 Year-End Review Q1 2019 had a lot of deals come from 2018 due to agency running out of funds Summer 2019 rates got cut and investors take advantage of the favorable rates Always make sure you have a backup plan that aligns with your business plan Private label products emerged in June-August due to Fannie and Freddie reaching their lending limits again Bridge Lending has also emerged starting Q3 It is vital to make sure you know your exit out of the bridge loans

Welcome to the Movers and Shakers podcast. This weeks guest is Jen Ullrich. She is a certified meeting planner who has spent the last 10 years working in the financial services industry.  She joined the Jake & Gino Community after attending their first live event back in 2017.  Since learning about multifamily real estate & the power of cash flow, she dove head first into the education platform.  Jen joined the Jake & Gino team as Operations Manager in 2019 focusing on the coordination of live events & student fulfillment. 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, Gino and Julia talk about the four Energy Blocks: Limiting Beliefs, Interpretation, Assumption and Gremlins.   What are you willing to do differently in order to experience something different?   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 Want To Get I