EP071: How to Buy Multi-Family Properties the Right Way - Interview with Jake Stenziano and Gino Barbaro

The beauty of real estate investing is that it encompasses a wide variety of assets; there’s a niche for everyone. Although I focus exclusively on purchasing single-family buy and hold properties, you should be informed about all of your options. Today’s guests purchase multi-family buy and hold properties. My true purpose of investing in real estate is to create long-lasting wealth, and today’s guests share that same goal.

On this episode, I’m thrilled to be sitting down with Jake Stenziano and Gino Barbaro, the founders of the comprehensive real estate resource, Jake and Gino. Jake and Gino are here to share their expertise into the world of multi-family buy and hold investments. If you’ve ever been interested in multi-family deals, you won’t want to miss this episode of Investing in Real Estate!

More About This Show
Jake Stenziano and Gino Barbaro are experts in the world of multi-family real estate investing. Together, they own almost 700 properties. They are the authors of Amazon Best-Seller, Wheelbarrow Profits, and the founders of real estate education website, JakeandGino.com. Jake and Gino are committed to building wealth and passive income through multi-family real estate investing, and on today’s show, they’re sharing their specific, proven strategy.

Jake and Gino have repeatedly implemented a framework for successful investment they explain is best explained as a wheelbarrow. When purchasing an investment, there are three crucial components: buying right, managing right, and financing right. Without two legs and a wheel, a wheelbarrow cannot stand strong. The same is true for an investment, without all components in place; creating wealth is impossible.

The first leg of the wheelbarrow represents buying right. Jake elaborates further, explaining that when you purchase a property, it’s fixed like the back leg of a wheelbarrow. If you overpay for an investment, that can’t be undone. For Jake and Gino, they look specifically for an 8% capitalization rate, and 10% cash-on-cash return.

The second leg of the wheelbarrow comparison is financing right. This means finding the longest-term amortization. Typically, Jake and Gino aim for 25-30 years. They also want their loan term to be at least ten years. Having the correct loan terms in place allows for positive cash flow.

The wheel of the wheelbarrow stands for managing right. It’s an ongoing, never-ending process. Jake and Gino have a three-step repositioning process that allows them to constantly improve their properties, while bringing in a tremendous increase in revenue.

 On today’s episode, Jake and Gino are sharing why they chose to invest in multi-family investment properties, and are explaining in-depth their extensive repositioning process. We’ll talk about the three crucial components of due diligence when purchasing a property, and discuss how envisioning your investing future can inform your decisions today. Jake and Gino are also sharing their free resource, 45 Questions to Ask a Broker! This episode is jam-packed with useful information about real estate investing; you won’t want to miss episode 71 of Investing in Real Estate!

If you’re ready to take the first step toward creating long-lasting wealth through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.  

On this episode you’ll learn:

  • How should you prepare to speak with a real estate broker?
  • What should you find first: a deal or a market?
  • What are the three aspects of due diligence?
  • What are the perks of paying for real estate coaching?
  • The two forms of financing that Jake & Gino use to purchase their multi-family properties.
  • And much more about real estate investing!

Episode Resources 
45 Questions to Ask a Broker
Wheelbarrow Profits by Jake Stenziano and Gino Barbaro
Jake and Gino’s Credibility Book
Jake and Gino’s Deal Analyzer
Traction by Gino Wickman
Clayton on Jake & Gino’s Podcast
BiggerPockets
EP033: Understanding Real Estate Jargon
Find Your Financial Freedom Number
Like Morris Invest on Facebook

Contact Jake and Gino
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