Jake & Gino: Real Estate Investing & Multifamily

Latest Episodes:

WBP - Look at Both Sides with Charles Dobens Mar 12, 2020

Show notes

Charles Dobens is a multifamily investor, attorney, and mentor to multifamily investors all around the country. Charles founded the Multifamily Investing Academy, where he works with students in his Owner Forum program to train them in the correct way to acquire, operate and own multifamily property.

His legal and consulting practice has one specialty - helping new investors overcome any lack of confidence in moving toward their financial objective of owning and operating apartments. Charles is uniquely qualified to walk investors confidently through the entire process: analyzing property, negotiating contracts, organizing funding as well as transitioning to ownership.

Charles Dobens is principal at Dobens Law and founder of the Multifamily Investing Academy. He speaks with us about markets, taxes and football.

multifamilyinvestingacademy.com

The Rundown

Growing Up

Insurance Sales

Law School

Sunday Nights

Football Ads

Pat Mahomes

The First Step

Making Offers

Sales & Marketing

The First 40

The Second 88

Refi & Roll

Buying Parameters

Massachusetts

Michigan

Past Emerging Markets

Know The Market

Clarity

Cap Rates

Foreign Investors

Wealth Preservation

Cashflow

Coronavirus

Hawaii

Government Money

Private Money

Build & Hold

Customers

Congressional Seats

Waiting List

Rent

General Contractors

The Next 5 Years

Golf

New England

Newton’s 2nd Law

Pain

Taxation

Pro Tip

Habits For Success

Scale

Book Recommendations

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 real estate entrepreneurs...

About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com.

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RCRE - Scaling Profitably with Nate Trunfio Mar 11, 2020

Show notes

Mike Taravella interviews Nate Trunfio from Direct Lending Partners to discuss

Nate is the President of DLP Direct Lending Partners, a national private lender who lends to single family and multi-family operators.

Key Information:

Stay focused on specific tasks that drive revenue

Leverages Traction and EOS principles by starting a large 10 year goal, 5 year, 3 year , 1 year, and quarterly goals to help people accountable

Multifamily assets have more factors to consider compared to single family (market, submarket, and income approach)

Invest in Education

Multifamily continues to be strong due to low unemployment, strong job growth, and more renters coming to market

Affordability continues to be an issue within multifamily

Increase income AND expenses in your underwriting

The best deal we have done, is not doing a bad deal

Expert Pro Tip: Be conservative with your underwriting, surround yourself with great peer group, know your capital partner

Contact Information:

www.TalkingLoudly.com

nate@dlpre.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 real estate entrepreneurs...

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MNS - Greg & Rachel Schwartz Mar 10, 2020

Show notes

Welcome to the Movers and Shakers podcast. Our guest this week is Greg and Rachel. They are living in College Station, TX (home of Texas A&M University) and investing right in their back yard. In October 2019 Greg and Rachel relocated from Wilmington, NC to TX to pursue their dreams of becoming real estate investors. Greg was a Marine Corps Huey pilot for 9 years and Rachel was gym manager and Personal Trainer for the past 4 years. In 2017, Greg became intrigued with real estate investing and spent all his spare time reading and listening to Bigger Pockets podcast. Rachel matched Greg's passion for real estate in 2018 after her pursuit of self-education. As a team, they decided to go all-in as multifamily investors.

In October 2019 they made the big move to TX, Rachel's home, and became full-time real estate investors. Shortly after this move, they knew a mentorship was essential for their success and they joined the Jake and Gino community. They landed their very first property while driving for dollars in College Station, TX. They are currently in the middle of rehabbing on a 4-plex that is also a house hack which they plan to Refi and Roll.

Insta: https://www.instagram.com/greg_flies/

https://www.instagram.com/mrs.rachelschwartz/

FB: https://www.facebook.com/greg.schwartz.m

https://www.facebook.com/rachel.clardy.12

BP: https://www.biggerpockets.com/users/GregAndRachel

Youtube: https://www.youtube.com/channel/UCWAwekCfMP3GaRD3Cu84xVw?view_as=subscriber

We're here to help create real estate entrepreneurs...

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MFZ - How we Influence Others by Listening Mar 09, 2020

Show notes

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 listening and communication. They discuss three different types of listening, (1) Subjective, (2) Action, and (3) intuitive. From the book, The Go Giver Influencer, by Bob Burg, they also discuss the Five Secrets of influence. (1) Master your emotions, (2) Step into the other persons shoes, (3) Set the Frame, (4) Be gracious, and (5) Let go of having to be right.

Questions or comments? Email us at juliabarbaro@gmail.com

We're here to help create real estate entrepreneurs...

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WBP - Building Legacy Wealth with Cole Hatter Mar 05, 2020

Show notes

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

Defining Destination

Feeding Kids

Human Rights

Education

Poverty

Rand Cares

Not Being an A-Hole

Vision Boards

Materialism

Self Motivation

Limiting Beliefs

Age vs Experience

Coaching

The Deal vs The Person

Local Community Banks

Adjusted Gross Income

Thrive

Restaurants

Mentorships

Shorten the Learning Curve

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 real estate entrepreneurs...

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RCRE - Value Investing with Ryan Smith Mar 04, 2020

Show notes

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 with your value

Contact Information:

http://elevationfund.com/

ryan@elevationcg.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 real estate entrepreneurs...

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MNS - Francesco Guarino Mar 03, 2020

Show notes

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 for urging him to acquire his first property and mentoring him throughout his multifamily investing career. Francesco is a first generation Italian American, and currently resides in Scotch Plains, NJ.

We're here to help create real estate entrepreneurs...

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MFZ - Tracy & Keeley Hubbard - Father Daughter Duo Mar 02, 2020

Show notes

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.

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 investment opportunities, and provide peace of mind to investors from acquisition to operations, and ultimately on to the next multifamily opportunity. Integrity, tr

ansparency, and delivering results to investors is at the core of every decision they make. When they aren’t touring properties or underwriting deals, you can find them hanging out with the rest of their big, crazy-fun family.

https://hubbardcapitalgroup.com

Questions or comments? Email us at juliabarbaro@gmail.com

We're here to help create real estate entrepreneurs...

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WBP - Open-Minded Investing with Ellie Perlman Feb 27, 2020

Show notes

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

Making Mistakes

Mentorship

Massive Action

Raising Capital

Controlling the Deal

Investor Prep

The Long Game

Weapons of Influence

Basic Human Needs

Market Selection

Growth

California

Rent Control

Cap Rates

Team Building

PMC

Pay to Play

Seek to Serve

Networking

Habits for Success

Value Add

Amenities

Upcoming Projects

OKRs

KPIs

Buy Right, Not Fast

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 real estate entrepreneurs...

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

RCRE - Tax Time with Tom Castelli, CPA Feb 26, 2020

Show notes

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 document your income and expenses