Multifamily Blind Spots: Shedding Light on Where Others Go Wrong with Gino Barbaro

In this episode, Gino Barbaro digs into some of the biggest blind spots in multifamily and how as investors we can avoid them. Gino shares the common mistakes new investors make when coming into the space, as well as building your criteria to find great multifamily deals.

[00:01 – 07:19] Opening Segment

• Gino shares about his background and how he got into real estate
• Teaching students to buy right, manage right, and finance right
• Helping investors not go down the same rabbit hole

[07:20 – 13:34] How to Differentiate Success in Real Estate

• Property management and asset management need to work together
• The importance of tracking income, expenses, movements, evictions, and vacancies
• Creating multi-family entrepreneurs that can scale up and package investments for sale

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      [13:35 – 25:01 ] Understanding Buy Criteria, Market Cycles, and Exit Strategies

• Systems and processes are key to running properties efficiently
• When buying an older asset, make sure it is at the right price point and has enough CapEx set aside
• Consider value of the property when you buy and sell it

[25:02 – 31:00] Closing Segment

• Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 
• What is your favourite book?
  • The 7 Habits of Highly Effective People by Stephen Covey
• Gino Barbaro’s indispensable tool  
  • Google Suite 
• What are you looking forward to in 2023?
  • Florida and Europe

Connect with Gino Barbaro:

Website: https://jakeandgino.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

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Tweetable Quotes:

“You don’t have to manage it [property] yourself, but you have to understand how to manage the manager.” – Gino Barbaro