It started as a conversation between friends and exploded into a thriving real estate investment business.
Jake and Gino, both experts in multifamily real estate investing have achieved, by hands-on doing, the sort of financial freedom they've always wanted & seemed out of reach. Interested in multifamily strategies, syndication, increasing cash flow or just some good old fashion “make it happen” attitude? Then this show is for you!
Know your roll! Your rent roll that is.
Mike Taravella discusses the importance of understanding your rent roll as a buyer and an owner.
#1. Understand your occupancy!
If you are getting agency debt you need 90% for 90 days! Get a report if it is not on the rent roll.
As an owner, do your reviews to make sure your PM is operating efficiently and your turnover is low.
#2. Market Rents
What are the true market rents? Do your own due diligence to prove out the comps provided. As an owner, keep track of the rents in your market to know when you need to raise them. You NOI relies on it!
#3. Actual Rent Charged
Know how long it should take to get to market rents… hint… it isn’t overnight! Your loss to lease is the difference between your rents and the market. Know where you are and are you executing your business plan?
#4. Lease to and Lease From
See where the value add is when people have been there for a long time! How close are all the leases? If they are all in the same month, that could be a mass exodus of your property.
#5, Understand the balances
As for your 30-60-90 day delinquency reports to understand where the property is. As an owner, who is paying and who is not? Add a narrative as to why someone is past due for understanding the story and potential eviction support.
Pro tip: Know your rent roll, understand your takeover plan, and make sure you are capitalized!
To register to invest with us: https://jandg.activehosted.com/f/58
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Rand CRE’s Linkedin: https://www.linkedin.com/company/randcre
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Live Life King Size With Cameron Herold
In this podcast, Jake and Gino interview Cameron Herold, a top business consultant, best-selling author, and speaker. He’s the mastermind behind hundreds of companies’ exponential growth and he’s touched thousands of businesses indirectly through his work.
At age 21, he had 14 employees. By 35, he’d helped build his first two 100 Million Dollar companies. By the age of 42, Cameron had engineered 1-800-GOT-JUNK?’s spectacular growth from $2
Million to $106 Million in revenue in just six years.
00:00 Is perfectionism holding you back
01:00 Entrepreneurship is about freedom
03:10 How to get started as an Entrepreneur
03:48 It is not just about working hard
08:50 Morning routines and work-life balance
12:07 How to develop new skills and habits
16:05 Importance of culture and values
20:50 Vivid Vision
25:30 How to manage your time and enhance productivity
30:47 Parkinson's law: "work expands so as to fill the time available for its completion"
34:10 Focusing on the job done and managing remote teams
37:30 Investing in people produces the best returns
40:22 Great entrepreneurs are visionary integrators
42:40 The 5 Languages of Appreciation in the Workplace
Whether you are an entrepreneur or want to become one, this Podcast is an absolute gem for you. Listen to the full episode on Apple/Spotify or watch it on our YouTube channel.
Visit Cameron’s website: https://cameronherold.com/
Curious about Multifamily Investing? Register for this complimentary training now and check out whether Multifamily Investing can help you create the life you desire: https://bityl.co/6v71
Creating Multiple Income Streams with Whole Life
In this episode, Jake and Gino reveal how one can create multiple streams of income by leveraging a specially designed Whole Life Insurance Policy. Gino shares his own experience on how he has utilized his whole life policy for multiple purposes, including real estate investing.
The Key Takeaways:
A Whole Life Insurance Policy can open up several ways to create multiple streams of income. A specially designed Whole Life Policy can offer more flexibility with easy access to your money, unlike traditional retirement plans or 401K plans that lock-in your funds for a long period of time. These policies allow you to eliminate the bank and become your own source of financing. You can use your cash value not only to invest in real estate, creating a pass-income earning asset, but also fund other big-ticket items such as buying a car or rv, going for a vacation and much more The carriers we use continue to grow your cash as you use it for self-financing - as if you never touched it! To learn more about the ways you can leverage a whole life insurance policy, sign-up for our complimentary training: https://100yearrei.com/signup-the-benefits-of-a-100-year-rei-policy/
You can also download our eBook on how you can leverage our Dual Asset Strategy and become your own source of financing: https://100yearrei.com/ebook-download/
Ready to become a 100 year Real Estate Investor? Schedule a call directly with our team to get started today: https://100yearrei.com/callnow/
Success Leaves Clues with Brian and Cody
In this episode of Movers & Shakers, Josh & Gino interview Brian Alfaro and Cody Laughlin, two of the three members of Blue Oak Capital private equity firm, based in Houston. The focus of the firm is on the acquisition of cash flow producing multifamily real estate. Their mission is to help others obtain financial freedom through commercial real estate investing.
Brian Alfaro is real estate entrepreneur and local Houston business owner. He started with single family space in 2018. He is residential real estate investor and current licensed agent. He controls a multi-location business in Fort Bend county that serves 1000’s offering an upscale coffee experience. Cody Laughlin is a real estate entrepreneur, podcaster and meetup host with 10 years of real estate investing experience.
Single family investment is good but multifamily investment is scalable and it offers several more advantages. Surrounded by like-minded people in a community, learning and getting educated consistently is key towards successful multifamily investing. Success leaves clues. You do not need to re-invent the wheel every time; following the pattern can make you successful. One of the important aspects in your business is your relationship with your network. Having a community is not just about business, its about having right culture and growing as an individual in every aspect of your life. You are your own limitation. Thinking big when dealing in multifamily investment, can bring you economies of scale.
Listen to the podcast to learn more.
Visit Brian’s website: https://blueoakinvests.com/
Want to learn how you can begin with Multifamily Investing? Join our free training now: https://jakeandgino.mykajabi.com/freetraining
Pros & Cons of Apartment Investing Syndication
In this video, Jake and Gino reveal the pros and cons of apartment investing syndication.
✔ Increased demand for rental properties, favourable demographics and regulatory environment led to the growth of Multifamily Syndication Businesses.
✔ Syndication is all about controlling more assets with less amount of money. That brings in the scale resulting in faster growth and wealth creation opportunities.
✔ Jake & Gino learned multifamily syndication the hard way. They learned investing in the market.
✔ You don't have to do so, as you can educate yourself and work with Mentors who have the experience and skills to handhold you.
✔ Accelerate your learning curve and don't keep waiting for the right time.
Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs.
Subscribe to this channel: https://www.youtube.com/jakeandgino/sub_confirmation=1
Sign up for free training:
Apply for Mentorship: https://jakeandgino.com/apply/
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Underwriting Hotels with Nate Barger
Ask sponsors what is your worst case Going in cap rate doesn’t matter as much on true value add deals Nate evolved from multifamily to hotels due to more earning potential (24-hour leases) Nate is currently raising $50M in funds for a hotels
Finding deals by finding distressed hotel loans that are on 95 cents on the dollar
When funding distressed hotels you need to raise funds for the back payments and PIP (Property Improvement Program)
Focus on Primary & Secondary markets and understand your competitive set
Investor Pro Tip: Understand and align your goals with the sponsor goals
Reach out to Nate by joining the BRRRR Invest Facebook Group
Must listen podcast
Everyone has a podcast these days. Some are good and some are bad. This one is spot on! The content they cover is vast! They get into the specifics of several topics. If you are wanting more information on how to scale your multi-family real estate business this podcast is a must in your library!
Best apartment mentors!!!
These guys helped me scale my business from 27 units to now over 350 units. I’ve been able to cash out 7 figures from my portfolio. Thank you so much for everything you do Jake & Gino.
Multifamily made easy!
Jake & Gino truly care about their students. They go above and beyond to ensure every student has everything needed to create success.