How To Invest In Multifamily, Jake and Gino’s Proven Key Principles | How To with Jake and Gino
Join Jake and Gino as they discuss their multifamily real estate investing journey in this insightful video. Learn how they progressed from landing their first 25-unit mom and pop apartment complex deal to growing a thriving business over the years.
Join Jake and Gino as they discuss their multifamily real estate investing journey in this insightful video. Learn how they progressed from landing their first 25-unit mom and pop apartment complex deal to growing a thriving business over the years.
In this video, Jake and Gino share the key principles that led to their success in the multifamily real estate business.
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Long-Term Mindset: Understand that real estate investment, particularly in multifamily housing, is a marathon, not a sprint. Don’t expect quick gains but look forward to long-term rewards.
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Goal Setting: Clearly outline what you want to achieve with real estate investing. Do you plan to quit your job in 3-5 years or just supplement your income? Having a clear plan will guide your actions.
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Education: Equip yourself with the necessary knowledge. Read books, join groups, consider getting a mentor. The more informed you are, the better your decisions will be.
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Market Selection: Choose a market and thoroughly understand it. Being an expert in your chosen market can increase your success rate.
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Broker Relationships: Build valuable relationships with brokers, the gatekeepers in real estate. Enhance your communication skills to deal effectively with them.
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Deal Analysis: Learn to differentiate good deals from bad ones. Your success in the industry largely depends on this skill.
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Make Offers: Do not hesitate to make offers on properties that fit your criteria. Remember, each rejection is a stepping stone to success.
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Financing: Familiarize yourself with different financing options. Jake and Gino started with community banks and now have the majority of their portfolio with agency lenders.
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Autonomy: Aim for financial freedom and autonomy. Real estate investing should ultimately grant you the power to make your own life decisions.
Remember, success comes with time. Every step, no matter how small, is progress. With patience, persistence, and these valuable tips, you can turn multifamily real estate investing into a flourishing business.
Don’t forget to join us at our upcoming event, Multifamily Mastery 6, to expand your knowledge and network with other real estate investors. Find out more at jakeandgino.com/MM6.