Large rental unit counts can seem almost impossible to acquire. How does someone, with limited business and real estate experience, scale to hundreds or thousands of rental units? What’s the secret behind the “overnight” success? For starters, every multifamily investor at one point begins without any units, businesses, partners, or deals. Some multifamily investors were cooking pizzas just years before uprooting their whole career to chase financial freedom.
Gino Barbaro didn’t start as an investor, agent, broker, or really anything related to real estate at all. He was managing his father’s pizzeria and simply assumed that the restaurant business was the area he was supposed to be in. After struggling to scale, no matter the effort, Gino knew he had to pivot positions and find something that would truly change his life.
After subconsciously vetting his now partner, Jake and Gino were able to close on their first deal after eighteen months. Once the cash flow started to come in and the tax benefits were realized, Gino saw the power of "buying right" and went full-force on multifamily investing. Now, the Jake and Gino duo manage over 1,500 units and aren't looking to stop any time soon.
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Check out Last Week’s Episode on Value Add Real Estate
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Jake and Gino’s Multifamily Investing
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The Four Stages of the Real Estate Cycle:
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00:00 Intro
01:44 An Impromptu Multifamily Meeting
03:46 Pizzeria to Multifamily Profits
07:11 Advice for Real Estate Partnerships
14:22 Getting the First Multifamily Deal
16:58 Profit Per Door & Thinking Long-Term
21:08 The Current Market Cycle
24:11 Finding Your "Buy Right" Criteria
27:18 Every Investor Needs a Mentor
30:42 Gino's Superpower
Recommended Reading >> bit.ly/32kRpzw
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