Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Nicole Pendergrass began ravenously consuming real estate investment education in 2010. She formed a private investment group focused on wholesaling in 2012 and in 2013 was a founding member and Acquisitions Chair for a group purchasing single family rentals in Detroit, Michigan.   In 2015 she purchased her first residential multifamily property and quickly realized that larger buildings would mitigate the risk of non-paying residents, among other benefits. This led her to joining Jake and Gino's Wheelbarrow Profits Academy and the Make It Happen Mastermind group to increase her network, resources and synergize her efforts with the education and guidance of those established in the space. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our co

In this episode, Brian Beaulieu talks about some of the most significant factors impacting the real estate investing trends, especially from the real estate economics and finance perspectives. Brian Beaulieu has served as CEO and Chief Economist of ITR Economics™ since 1987, where he researches the use of business cycle analysis and economic forecasting as tools for improving profitability. Prior to joining ITR Economics, Brian served as an economist for the US Department of Labor, where he worked on the health-care component of the Consumer Price Index. Brian has coauthored, with Alan Beaulieu, the books “Prosperity in the Age of Decline,” “Make Your Move,” and, for children, “But I Want It!”. During the discussion, Brian shared how real estate investors can take advantage of the ongoing economic and business cycle without losing on the big picture. He explained the current state of the US economy covering the GDP, employment rate, interest rate and the other key indicators. He went on to answer whether or n

Mike Taravella and Will Coleman interview Alina Trigub of SAMO Financial.   Key Information: Diversify your investments with different asset classes in real estate.   Learn and understand one asset class at a time. Find out: how is it performing, what location it is best to acquire in, and how much demand is there for it.   Find partners who have experience and strong track records in different areas of the industry.   Self-Storage: As people continue to move from the bigger cities to moral rural areas, demand for self storage has continued to increase in those areas.   Expert Pro Tip: “Always continue to educate yourself”   Contact Information: Alina Trigub - LinkedIn https://www.samofinancial.com/   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre We're he

In this week’s show, Julia & Gino share their trials and tribulations, as well as their successes during the year.  What started out as a huge win for Gino to sell his restaurant of over twenty years, quickly turned into a scene out of the twilight zone with the onset of the pandemic.   There were so many learning lessons and opportunities that the Barbaro family experienced, such as expanding the Jake & Gino community, being able to host live events and bring their children to them, focus on more family time during the time they were shut in, and being held accountable to their goals and dreams by an amazing group of partners and friends.   To prepare for the upcoming year, Gino discussed how to create goals and a framework that athletes utilize to create clarity for their goals. Split up your goals into these three types of goals:   Outcome goals: The Why. Performance goals: The What. Process goals: The How.   Some other actions that listeners can take are “What are your 5 to thrive?” Gino had the

Will Coleman, began his real estate career in 2016 by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst. Will now works as the Director of Rand Capital, a mortgage brokerage which focuses on finding the ideal financing on apartments and mobile home parks.  Will Coleman, Director of Rand Capital started his career by being the analyst behind the debt at a bank and seeing how decisions are made. Will used this experience when investing in his own properties, to see what the lender sees and what the investor sees and incorporating it. He shares his views on single family in comparison to multifamily and how starting out as a single family unit owner has shaped his view on multifamily. Will shares his view on how he stepped into larger multifamily units from the single family space and how education must play a huge role in it. Both Gino

Most companies in multi-family are paying higher service fees for trash removal than is necessary. Review the terms and conditions of your service agreement with your vendor to determine what exactly you are being charged for. Speak to other haulers in the area to gauge what price you should be paying each month. Avoid signing contracts with auto-renewal stipulations. Renegotiate your contract each time it expires. Contact Information: Tyler Brunson - LinkedIn https://wasteconsultantsinc.net/   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIF

In this episode of Movers & Shakers Josh & Gino interview Hadar Orkibi. Topics touched on include:   Getting over the hump of buying the dea Managing and repositioning during Covid from afar Lessons learned Going full cycle with the refi & roll   Hadar’s Bio:   With two decades of full-time Real Estate experience, Hadar specializes in long-distance, out-of-area, and out of the country investing and is an asset manager with MFIHolding.com   Hadar’s portfolios include Multi-Family apartments, and triple net Commercial Real Estate in NZ and the United States, allowing him to exit the rat race with passive income and live a lifestyle by design with his family.   Over the years, Hadar implemented different strategies, which include wholesaling, house flipping, subdivision, new construction, commercial real estate, joint ventures, and multifamily investing with a focus on Apartment Buildings that have value-add upside potential.   Hadar enjoys helping both seasoned and beginner real estate investors r

Nathan Tabor has been involved in real estate since 2006. He has purchased, renovated and flipped over $52 million dollars of class C apartments; he has raised over $1 million from private investors, he has his commercial real estate brokers license in NC; and he has authored several books on real estate. He’s had amazing successes and epic failures and learned more from his failures than his successes. After years of struggling to keep all of the balls in the air, he learned that there are laws and processes that, when implemented, will deliver the desired results. Nathan is committed to enjoying a true balance between working hard and enjoying life. He is married to his best friend and they have a busy young daughter that keeps them on the go. His hobbies (Yes, hobbies!) include shelling deserted islands, building furniture, raising toys for ChristmasToyDrive.com, reaching inner city kids with The Story Bible, and cultivating his personal relationship with Jesus Christ. Throughout this podcast, Nathan des

Mike Taravella and Will Coleman look back at 2020 with Jake Stenziano, Gino Barbaro, and Bill Ham of Jake and Gino Multifamily Real Estate Education. Key Information: Lessons Learned: Don’t have a knee jerk reaction to fear in the market. Reserves can be necessary not only for capital improvements but also economic downturns. Reach out to your tenants early and establish positive relationships with them when there is uncertainty about collections.  How to know if you are at the top of the market cycle: Deals only work with heavy IO periods. New and inexperienced investors are entering the market. Cap rates are highly compressed.             As cap rates continue to compress, institutional investors are overlooking smaller unit properties in tertiary markets. Real estate is in many ways the new gold. It is being used as an investment to hedge against rising inflation. Contact Information: https://randcre.com/ https://jakeandgino.com/ To register to invest with us: https://invest.randpartnersllc.com/invex

In this week’s episode, Julia & Gino are interviewed by their niece Emily & their daughter Gabriella. At first, I was unsure of where these questions were going to take us? Would I sound stupid? Did I really know my spouse? Were some of the questions going to make me feel uncomfortable? The girls did a terrific job asking questions about our relationship, our strengths & weaknesses, who was a better cook (tough one), and questions that made us really think about our past and how we have grown since getting married. Emily summed it up perfectly at the end by stating that what she learned was that we grew in our marriage and relationship since tying the knot over twenty years ago. Our lives have become more intertwined and so have our experiences, and that we are learning more and more about ourselves every day. To me, that is what makes a successful marriage, one that the spouses continue to grow closer together. I want to thank the girls for making me realize how lucky I am and how much I love my

In this podcast Jake and Gino talk to Tucker Max. Tucker explains how starting out trying to find his place in the world he was met with failure after failure. After being fired from both his first law firm job and the family he was left trying to figure a different path. Jake and Gino dive into how Tucker was able to come back from failure by recognizing his talent for writing and pursuing it. They go on to discuss how a shot to Tuckers ego was the eye opener that lead to the idea of Scribe. Tucker Max is the co-founder of Scribe Media, a company that helps people write, publish and market their books. He has written four New York Times Best Sellers, which have sold over 4.5 million copies worldwide. He's credited with being the originator of the literary genre, “fratire,” and is only the third writer (after Malcolm Gladwell and Michael Lewis) to ever have three books on the New York Times Nonfiction Best Seller List at one time. He was nominated to the Time Magazine 100 Most Influential List in 2009. He rec

How do you build a brand in real estate?   On this episode of the RandCRE show, Jamie breaks down what you need to do to grow a brand in real estate.   2 Questions for Brand Building What are your strengths?   Do you provide the knowledge and expertise or do you broker it?    Provide a service that fills a need in the industry. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

Topics Covered Include: Learn Logan’s keys for repositioning assets How Logan’s mind was holding him back and once he changed his mindset and surrounded himself by the right people his results grew dramatically. Learn the importance of leadership and reaching up in your journey   Logan’s Bio: Logan owns and operates a growing real estate business with 103 different properties, 770 total units, in 15 cities across the state of Wisconsin valued at over $66M. Logan spent the first decade of his professional working career working for a fortune 50 corporation leading retail operations. He escalated quickly through various leadership positions where he built high performing teams and managed large P&L portfolios. During this time, he was able to lead and implement strategic operational changes at the enterprise level across the US. In 2013, Logan began investing in real estate and through a lot of hard work, Logan achieved financial freedom in the spring of 2018 when he was 30 years old and decided to leave

Our guest today, Chris Jackson founder of Sharpline Equity, is living proof of what Jake and Gino’s principles are founded on. Starting in a law firm Chris realized the power of multifamily investing and the rest is history. Chris specializes in finding underperforming multifamily assets with high upside opportunities. Chris is based on the North Fork of Long Island, applies the management and efficiency principles that Jackson has acquired over the last 15 years as an Information Technology consultant. Chris’s career, specializing in operational efficiency to maximize profitability, has spanned a wide range of disciplines but has mainly been focused on servicing the legal industry. He has provided a strategic and tactical implementation of a suite of efforts including cybersecurity, project management, vendor selection, personnel selection, and mentoring, and software architecture. Chris’s management experience of large and multi-disciplined teams, his enterprise-level project delivery on tight timelines, an

Mike Taravella and Will Coleman interview Harper Jones of Create Tailwind Infinite Banking coaching.  Key Information: Whole Life Insurance guarantees payment of a death benefit to beneficiaries in exchange for regularly due premium payments. In addition, Whole Life Policies includes a savings portion called the “cash value” which accumulates interest on a tax-deferred basis. Policy holders can access the savings portion of their policy by either directly requesting a withdrawal of funds or using their savings portion to borrow against in order to lend to themselves. Benefits of Whole Life Insurance: Full use and control Liquidity and cash flow Tax-free savings Compounding growth   Expert Pro Tip: “Surround yourself with people who are doing what you want to do” Contact Information: harper@createtailwind.com   Resources: Becoming Your Own Banker- Unlock the Infinite Banking Concept by  R. Nelson Nash    To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Face

Since 1994, Rick Sapio has been CEO of MCA, an investment holding company which has made more than 100 investments. Since 2003, Rick has been a co-founder/GP of Mutual Capital Partners, a PE firm with three funds. He co-authored the best-selling book, Who’s In Your Room: The Secret to Creating Your Best Life. Rick’s life purpose is to inspire entrepreneurship, which led Rick to start www.BusinessFinishingSchool.com (“BFS”); a virtual learning platform designed to help businesses scale quickly and profitably, which has helped thousands of people the past 10 years. Rick learned that business growth and success are accelerated when a few key principles are applied. He created these “Foundational Business Principles” that form the frame of BFS to help successful people become more grounded and focused in their business and personal lives.He is a 1987 graduate of Rutgers University, with a B.S. in Industrial Engineering, and resides in Dallas, Texas with his wife and their four young children.   Rick’s message is

Jake & Gino go through what their popular book, The Honey Bee , covers. The Honey Bee tells the story of Noah—a disappointed, disaffected salesman who feels like his life is going nowhere until the day he has a chance encounter with a man named Tom Barnham, the beekeeper. In his charming, down-home way, Tom the “Bee Man” teaches Noah and his wife Emma how to grow their personal wealth using the lessons he learned from his beekeeping passion. The Rundown Facebook Live Cashflow Grass Growing Capital Owner Financing Appreciation NOI Market Comps Inflation Hedge Economies Of Scale Insurance Costs Self Storage Emerging Markets Remote Work Supply & Demand Yield Income Approach Appreciation The First Deal The Second Deal Finding Deals Processes Knowing The Numbers Kids Captive Insurance COVID-19 Honey Bee Check out our Upcoming Live Events! Subscribe to our Youtube Channel for lots of great content! Buy our new book The Honey Bee ! Audio Book Available Now! We're here to help create multifamily entrepren

Mike Taravella and Will Coleman interview Maurce Philogene of Quattro Capital. Key Information: Stop thinking about success in real estate in terms of competition. Start thinking about how you can form mutually beneficial relationships with other investors and brokers in the industry. Tools for Virtual Management:  Earth Class Mail - digitize all your mail (forward checks to the bank) Syndication Pro - manage docs, accreditation status, etc. Slack - for a quicker and more organized communication of amongst team members com - notarize documents online Virtual Assistants - manage marketing / social media   Develop systems and processes in order to avoid repeating common tasks.  Knowing when to be active and inactive in the market largely depends on understanding market cycles. If you know where you are in the market cycle you will know when it’s time to buy and when it’s time to sell.   Expert Pro Tip: “Know your why” Contact Information: Maurice Philogene - Facebook / LinkedIn / Instagram https://www.th

In this episode of Movers & Shakers Josh & Gino interview Chris Petrakis. Topics touched on include:   How having skin in the game gave Chris the push needed to do his first deal Why Chris is doing multifamily after successful career Chris covers how he shifted from working hard for his money to having his money having work hard for him How Chris was able to go from educating and kicking tires to implementing and getting results.   Chris’s Bio:   Chris Petrakis is originally from Gulf Breeze, Florida but currently resides in Birmingham, Michigan with his beautiful wife and two young daughters. After graduating with a degree in Marketing from Lipscomb University, Chris began his 22-year career in Medical Sales; currently, he is an Aortic Field Sales Associate specializing in Endovascular Aortic Aneurysm repair working with Vascular and Cardiothoracic Surgeons for W. L. Gore & Associates.  Chris started his real estate investing career in 2002 when he bought his first of five rental properties in

Mike Taravella and Will Coleman explain what you need to know about supplemental loans. Key Information: Before underwriting your financing assumptions, speak to the lender of the senior loan to determine what terms and conditions are possible for the new loan. Lenders require at least 12 months to pass before you are eligible to apply for a supplemental loan.  For supplemental loans, most lenders will not exceed the LTV on the original loan. Ask your lender whether this is something they would consider. Some banks will do this if they feel comfortable with the sponsor. Minimum Supplemental Loan Amounts:  Fannie Mae: $500,000 Freddie Mac: $1,000,000 Community Banks: $750,000 Regular loans cost the same as supplemental loans to service: legal fees, third party reports, origination fees etc,.  Fannie Mae and Freddie Mac require the same principal and interest reserves for supplemental loans as they do for regular loans. Expert Pro Tip: “Trust but verify with your lender” Contact Information: will@randcre.com mi