Single-family investing is sometimes easier to begin with as it involves just a transaction of buying the right property, however, in the long term, most investors switch to Multi-family investing due to the scale, tax advantages and more wealth creation opportunities.
In this episode of Movers & Shakers, Josh & Gino interview Mike and Bernie on how they started their multifamily investing journey after joining the Jake and Gino community.
Bernie has a background in running high performing teams at scale and he currently manages multimillion-dollar operations. He started with multi-family after investing in single family homes in 2018. Mike is a senior executive, retired Air-Force officer with extensive experience of 25 years in real estate investing. He transitioned to multi-family in 2019.
The key takeaways from this podcast include:
- Syndication is much more than raising capital and becoming a partner. It is about coming together with a bunch of people in whom you have mutual trust in order to materialize a deal so that everybody wins.
- Real estate partnership needs you to understand the capabilities, likes and dislikes of investors who are ready to syndicate with you for a deal, so that each one is able to be in a role to make a win-win situation for everybody.
- Multi-family investment enables you to build a steady stream of passive income. However, you need to have certain systems in place to scale up. One of them is organizing your data to make the process smooth and simpler.
Want to know how you can begin Multifamily Investing? Join our free training now: https://jakeandgino.mykajabi.com/freetraining
Join the Jake & Gino flagship event ‘Multifamily Mastery 4’ in October: www.jakeandgino.com/mm4