Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Dana Wilde is the bestselling author of Train Your Brain and the creator of The Celebrity Formula.  After growing her own business from zero to a million dollars a year in under 19 months, Dana shows you how to make money by being happy and get paid for being YOU!  With nearly 100,000 followers in 87 countries, she is featured in the movies The Abundance Factor, The Truth About Prosperity, and Dream Big.  As the host of The Mind Aware Show, she reveals how to intentionally and systematically change your mindset so you get better outcomes.   She speaks with us about battling negativity, proactive thinking and backpacking.   https://danawilde.com/   The Rundown Brain Training Mindset Building A Business Cubicle Jobs The Human Brain Backpacking Direct Sales How To Train Your Brain The Mind Aware Happiness Is Practical Mindset Over Strategy Think Right Make Better Decisions Energy Blocks Reticular Activating System The Raft Negative Thoughts Be Aware Being A Proactive Thinker Auto Pilot Stress Incantations Skippi

Mike Taravella interviews Luke Leins from InvestRes to discuss property management, underwriting, and developing culture Luke Leins is the Director of Business Development for InvestRes Real Estate which has purchased 17,000 units, maintain $1.5B+ in assets under management   Key Information: InvestRes has been moving from investing and being vertically integrated to becoming a 3rd party property management Have a core purpose and always make business decisions that align with that purpose Multifamily is having a employment crisis because operators can’t find employees GetDone is a platform to allow maintenance techs to earn more side money AND allow properties to run leaner and handle work orders more efficiently Underwrite the deal from a top-down and bottom-up approach Ask underwriters how they got to their number Don’t forget to upgrade amenities when considering your underwriting Invest in your marketing so that you can get more potential residents through the door Payroll not only includes pay but also

Welcome to the Movers and Shakers podcast. Our guest this week is Steve Mitrano. He is a graduate of University of Massachusetts and earned a bachelor’s degree in Fine Arts, specializing in Graphic Design & Animation. Steve began a career in the television industry working for multiple news stations around New England. His hard work and dedication earned him 7 Emmy Awards in a variety of categories. In 2017, Steve discovered he also had a passion for real estate investing, specifically in the multifamily space. After spending 2 years educating himself, Steve has purchased 3 multifamily properties in the Boston area, totaling 12 units in just over 12 months. He plans to scale his portfolio over the next few years, with the intention of living a financially free life with his family and friends.   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 Por

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.    In this episode, Gino and Julia talk to Kevin Bupp. He is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing. He shares his expertise th

Charles Dobens is a multifamily investor, attorney, and mentor to multifamily investors all around the country. Charles founded the Multifamily Investing Academy, where he works with students in his Owner Forum program to train them in the correct way to acquire, operate and own multifamily property. His legal and consulting practice has one specialty - helping new investors overcome any lack of confidence in moving toward their financial objective of owning and operating apartments. Charles is uniquely qualified to walk investors confidently through the entire process: analyzing property, negotiating contracts, organizing funding as well as transitioning to ownership. Charles Dobens is principal at Dobens Law and founder of the Multifamily Investing Academy. He speaks with us about markets, taxes and football.   multifamilyinvestingacademy.com   The Rundown Growing Up Insurance Sales Law School Sunday Nights Football Ads Pat Mahomes The First Step Making Offers Sales & Marketing The First 40 The Second 8

Mike Taravella interviews Nate Trunfio from Direct Lending Partners to discuss  Nate is the President of DLP Direct Lending Partners, a national private lender who lends to single family and multi-family operators. Key Information: Stay focused on specific tasks that drive revenue Leverages Traction and EOS principles by starting a large 10 year goal, 5 year, 3 year , 1 year, and quarterly goals to help people accountable  Multifamily assets have more factors to consider compared to single family (market, submarket, and income approach) Invest in Education Multifamily continues to be strong due to low unemployment, strong job growth, and more renters coming to market  Affordability continues to be an issue within multifamily Increase income AND expenses in your underwriting  The best deal we have done, is not doing a bad deal Expert Pro Tip: Be conservative with your underwriting, surround yourself with great peer group, know your capital partner   Contact Information: www.TalkingLoudly.com   nate@dlpre.com 

Welcome to the Movers and Shakers podcast. Our guest this week is Greg and Rachel. They are living in College Station, TX (home of Texas A&M University) and investing right in their back yard. In October 2019 Greg and Rachel relocated from Wilmington, NC to TX to pursue their dreams of becoming real estate investors. Greg was a Marine Corps Huey pilot for 9 years and Rachel was gym manager and Personal Trainer for the past 4 years. In 2017, Greg became intrigued with real estate investing and spent all his spare time reading and listening to Bigger Pockets podcast. Rachel matched Greg's passion for real estate in 2018 after her pursuit of self-education. As a team, they decided to go all-in as multifamily investors.   In October 2019 they made the big move to TX, Rachel's home, and became full-time real estate investors. Shortly after this move, they knew a mentorship was essential for their success and they joined the Jake and Gino community. They landed their very first property while driving for dollar

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.    In this episode, Gino and Julia talk about listening and communication. They discuss three different types of listening, (1) Subjective, (2) Action, and (3) intuitive. From the book, The Go Giver Influencer, by Bob Burg, they also discuss the Five Secrets of influence. (1) Master your emotions, (2) Step into the other persons shoes, (3) Set the Frame, (4) Be gracious, and (5) Let go of having to be right.   Questions or comment

Cole Hatter is the founder of Thrive: Make Money Matter, an entrepreneur, investor, and award-winning speaker. Cole’s vision behind creating Thrive is to change the way businesses are run forever, creating a new breed of “For-Purpose Entrepreneurs” directing profitable businesses that focus on a local or global initiative.the founder of Thrive: Make Money Matter, an entrepreneur, investor, and award-winning speaker. Cole’s vision behind creating Thrive is to change the way businesses are run forever, creating a new breed of “For-Purpose Entrepreneurs” directing profitable businesses that focus on a local or global initiative. He speaks with us about education, liquidity and making money matter.   attendthrive.com JAG   The Rundown Love of Real Estate Liquidity Preference Volatility True Wealth Creation Legacy Wealth Partnership Progression Family Life Strategy Property Management Customer Experience Culture Skillset Vetting Making Money Matter Missionary Work Altruism Re-Entering Real Estate Thrive Tribe Defi

Mike Taravella interviews Ryan Smith from Elevation Capital Group to discuss the value of cash flow, manufactured housing communities, and self-storage Key Information: Cap Rate is the equivalent of an equity multiple If you increase the NOI of a 5% cap rate property by $1 per month: The Cash Flow investor will see a $12 increase The Value Investor will see a $240 value increase ($12/5%) Value investors is looking to add dollars of NOI to grow Manufactured Housing Communities and Storage Facilities have favorable business models where you can consistently add value Manufactured Housing Communities value add opportunities: provide storage options, covered parking, sheds, increasing rents responsibly  Fund structure allows more diversification by being able to buy more assets with a single investment Funds allow for more balance sheet which is vital for financing Only reason you sell is because the market or property is impaired Expert Pro Tip: Know what you value and find a structure and sponsor that aligns wi

Welcome to the Movers and Shakers podcast. Our guest this week is Francesco Guarino. He is currently a Managing Director of Operations for an NYC based alternative investment manager with over 15 years experience in the alternative asset management and FinTech industries.  Francesco got started in multifamily investing back in 2010 with the purchase of a “mom and pop” owned fourplex in Northern NJ.  Over the next 7 years Francesco earned his MBA from Rutgers Business School while self-managing his first property. Francesco “refi and rolled” into a second fourplex on the same block, purchasing it directly from the property owners in 2017.  He recently acquired a third fourplex in the same neighborhood in an off-market deal from two retiring partners, bringing his portfolio to 12 doors. Francesco has been happily married for the past 11 years to his wife Mary Ann, a cosmetics manufacturing executive, and the pair are parents to their two daughters, Liviana and Sienna.  Francesco credits his father in-law Franco

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.    In this episode, Gino and Julia are joined by Tracy and Keeley Hubbard. They are the father-daughter duo, and Managing Partners of Hubbard Capital Group, a multifamily real estate investing company. They strategically acquire, own, and operate apartment buildings across the U.S. to provide a strong return to their investing partners.   Keeley and Tracy’s unique skills have create the perfect match in identifying solid investmen

Ellie Perlman is a real estate investor who owns multifamily properties across the U.S. Ellie is the Founder and CEO of Blue Lake Capital, a real estate investing firm specializing in multifamily investments. At Blue Lake Capital, Ellie helps investors grow their wealth by investing alongside her in large deals. Ellie holds a Masters in Law and an MBA from MIT Sloan School of Management. She started her career as a commercial real estate lawyer, leading real estate transactions for Israel’s largest real estate company. Later, she transitioned to a property manager role and oversaw properties worth over $100MM. Ellie is a Forbes author on real estate investing, the host of the podcast "Unbelievable Real Estate Stories" and a writer of a weekly blog.   www.ellieperlman.com   The Rundown Why Real Estate? Property Management Israel Lawyers Risk Aversion First Deal Partnerships Syndication Economies of Scale Limiting Beliefs Experience Brining Value Efficiency Through Technology Constant Improvement Education Maki

Mike Taravella interviews Tom Castelli, CPA  from the Real Estate CPA to discuss tax time, what to look for a CPA group, and the importance of having clean books. Key Information: Find a CPA has experience with real estate specialization and have the same value based system Understand the fee structure because it could be hourly or certain fee structures Look to engage a new CPA before year-end Do your bookkeeping throughout the year, not just at the end of the year As a real estate syndicator make sure you have your K-1s by March 15 so investors can file their taxes by April 15 More sophisticated groups will have K-1s issued by March 15 K-1s are an investor’s portion of the profit/loss and distributions for a particular process A great CPA will allow you to continue to apply offense in finding new deals, while they are playing defense You need tax returns from last 2 years before being a General Partnership Can take deduct W-2 income if you are a “real estate professional” Always have an audit trail and docu

Welcome to the Movers and Shakers podcast. Our guest this week is Wil Glafenhein. Wil has always considered East Tennessee his home. In fact, with both his father and grandfather being a part of the building and real estate industry, serving the community of East Tennessee has been a family affair for over 60 years. Wil has proved himself to be one of the brightest and hardest working real estate professionals in his field. He has welcomed clients from a wide array of backgrounds and fully serves them with eager knowledge and ability. In just his first 6 years in the real estate industry, Wil has produced over $100 Million in sales has solidified himself at the most productive individual agent in our entire region. Wil previously worked for Amazon.com Managing 500+ employees which brings a truly refreshing professionalism and perspective to the real estate industry for every client he serves. He can relate to demands and schedules of his clients who are high up in the corporate ladder and need efficient and a

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.    In this episode, Gino and Julia talk about dealing with other people. They will discuss the struggles of working with others, as well as talk about the reasons why it is important to know certain things about yourself.     Questions or comments? Email us at juliabarbaro@gmail.com We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Wan

Chris Prefontaine is the best-selling author of 2017’s Real Estate On Your Terms and 2019’s The New Rules of Real Estate Investing. A real estate investor with over 27 years experience in the field, Chris is the founder of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team. He speaks with us about the 3 paydays, deal flow and scale.   www.smartrealestatecoach.com   The Rundown 1991 Realty Executives Coaching 2008 Owner Financing Free & Clear Principal Payments Dealflow Mailing Out of State Owners Expired Listings Extending Terms Rent to Own 3 Paydays Self Directed IRA Scaling Up Education Investor Qualities Pie In The Sky Franchising Current Goals Daily Routine Exercise Journaling Tips for Scaling Up 36 Month Commitment Book Recommendations Volume Key Take Aways   Check out our Upcoming Live Events

Dylan and Mike discuss operating expenses and the future risks of each Key Information: Management Fee= % of Income the property management in. Verify if other fees are included Repairs & Maintenance are recurring maintenance such as turn costs, touchup costs,  etc R&M should be increasing at the rate as the Consumer Price Index (CPI) due to material costs General & Admin (G&A) includes office expenses, computers, technology, golf carts G&A will increase due to your management’s view on technology moving forward Contract Services include trash, landscaping, pest control, and other services Contract services will increase due to increasing wages  Marketing Costs have shifted from being physical ads to technology Payroll includes salary, benefits, turnover costs, and continuing education Payroll will continue to increase because labor markets are continuing to be more competitive Utilities include water, electric, and gas for office, common areas, and vacant units Natural resources continue

Welcome to the Movers and Shakers podcast. Our guest this week Kyle Mitchell. He is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $17MM AUM. Heist he Managing Partner and Co-Founder ofLimitless Estates, who’s vision is to provide A class living to lower income housing by putting the residents first and instilling a sense of community while inspiring others to do the same. Kyle is also the co-host of the weekly real estate podcast, Passive Income through Multifamily Real Estate, where he speaks with various experts in the real estate industry to help educate and create clarity for passive investors. With a background in operations, management and logistics, he has overseen multi-million dollar businesses and has a passion in doing the same in the multifamily syndication 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 Scal

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.  Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.  In this episode, Gino and Julia talk to Mike Taravella about his college experience and what he thinks about college. He will discuss how his college experience impacted his current job at Jake and Gino and has other life skills.   Mike Taravella is a CPA, graduated from Michigan State University in 2014 with a Masters of Science in Accounting. He has worked 5 years professionally in accounting. He started at Ernst & Young in p