Jake & Gino: Real Estate Investing & Multifamily

In this episode of the Jake and Gino Podcast, hosts Jake Stenziano and Gino Barbaro sit down with Jack McColl, co-founder of Scale with Funding, to explore creative funding strategies for entrepreneurs.Jack breaks down how business owners can access 0% interest business credit cards for 12 to 18 months, enabling them to deploy capital strategically without the pressure of immediate repayment. He also highlights the critical role of building a strong personal credit profile to unlock larger credit lines—an especially powerful tool for entrepreneurs who are still in the early stages and not yet generating significant revenue.Takeaways:Access to 0% interest credit can boost business growth.Building a strong personal credit profile is essential.Credit stacking allows for maximizing funding potential.Risks include overextending financially with credit.Preparation is key to seizing business opportunities.Chapters:00:00 Introduction to Credit Stacking03:16 Understanding Zero Interest Credit Cards06:03 Target Audience for Credit Stacking08:59 Risks and Downsides of Credit Stacking11:55 Good Debt vs. Bad Debt14:59 The Importance of Personal Credit17:56 Maximizing Credit Utilization21:10 Personal Credit Card Strategies24:05 Travel Hacking with Credit Points26:55 The Five Factors of Credit Scores29:55 The Future of Credit Card Interest Rates33:17 Mindset and Responsibility in Entrepreneurship36:05 Preparation for Opportunities38:54 Conclusion and Final Thoughts  We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chapters:00:00 Introduction to Investment Decisions02:36 Understanding Exit Strategies05:13 Evaluating Investment Metrics08:13 The Importance of Conservative Underwriting10:32 Return on Effort in Investments     We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Takeaways: Shadow banking encompasses all finance outside of traditional deposit banking.The perception of safety in banking is often misleading.Understanding risk-adjusted returns is crucial for investment success.Real estate can serve as an effective hedge against inflation.Long-term fixed-rate debt can mitigate market volatility.Investors should focus on capital structure to maximize returns.Diversification in asset management is often a flawed strategy.Effective marketing requires understanding the psychology of the target audience.Sales processes should focus on addressing customer frustrations.Critical thinking is essential in navigating financial decisions. Chapters 00:00 Introduction to Shadow Banking02:15 Understanding Shadow Banking and Its Implications05:20 The Role of Media and Psychology in Financial Perception08:18 Navigating Real Estate and Market Dynamics11:21 Capital Structure and Investment Strategies14:26 The Importance of Risk Management in Investments17:20 Scaling Investment Strategies and Managing Capital20:14 Diversification and Asset Management Strategies23:28 Evaluating Investment Opportunities26:23 The Future of Investment Strategies34:07 The Role of AI in Research and Development39:35 AI's Influence on Public Perception45:41 The Evolution of Marketing Strategies53:59 Understanding Consumer Psychology  We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this conversation, Gino Barbaro discusses the challenges of raising capital in the current economic climate, emphasizing the importance of understanding the business, creating connections with investors, and addressing their pain points. He highlights the need for financial stewardship and the psychological aspects of investor relations, advocating for a genuine approach to building trust and excitement in capital raising efforts.Sound Bites:"Try to connect with that person first.""Understand how the brain works.""Seek first to understand that person."Chapters:00:00 Introduction to Capital Raising Challenges02:39 Understanding the Business Before Raising Capital05:11 The Importance of Connection in Capital Raising07:43 Identifying Client Pain Points10:25 Finding Impact Together13:10 Knowing Your Stuff and Understanding Psychology15:45 Wrapping Up: Long-Term Goals in Capital Raising     We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Jake and Gino podcast, Gino Barbaro interviews John Gafford, a luxury real estate entrepreneur and author of 'Escaping the Drift.'   John Gafford is a luxury real estate entrepreneur, speaker, and host of Escaping The Drift, a top 20 business podcast with over 3 million downloads. A former Apprentice contestant and CEO of Simply Vegas, he empowers people to break free from mediocrity, take control of their lives, and lead with purpose. They discuss the importance of personal accountability, the concept of 'the drift' in life, and how to navigate challenges. John shares insights on parenting, problem-solving, and the qualities that lead to success in competitive environments. The conversation emphasizes the significance of building a strong company culture and the relentless execution of strategies to achieve business success. TakeawaysWrote the book to leave a legacy for his kids.Success often comes from taking control of your life.The drift represents a lack of direction in life.People need to take radical accountability for their actions.Parents should allow children to face challenges to build resilience.Problems should be viewed as solvable opportunities.Understanding the unwritten rules of life is crucial for success.Emotional intelligence plays a key role in negotiations.Successful individuals often think outside the box.Building a strong company culture is essential for success. Chapters00:00 Introduction to John Gafford and His Journey02:31 The Motivation Behind Writing 'Escaping the Drift'05:18 Understanding the Concept of 'The Drift'08:27 Shifting from Drifting to Swimming: Personal Accountability11:45 Radical Honesty and Accountability in Life15:07 The Importance of Allowing Struggles for Growth19:19 Empowering Children Through Problem Solving21:00 Understanding the Unwritten Rules of Life24:02 Lessons from The Apprentice: Risk Evaluation and Mindset30:43 The Art of Negotiation in Real Estate33:19 Listening to Clients: A Real Estate Story39:27 The Importance of Hard Work and Accountability44:11 Scaling a Business: Clarity and Execution51:19 Building a Strong Company Culture57:01 Living Your Own Book: Personal Growth and Accountability We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Takeaways:The three-step process includes buy, finance, operate, and exit.Understanding your exit strategy is crucial for real estate success.Be intentional with your buy right criteria to ensure value addition.Market analysis is essential for determining property value and potential.Operational efficiency can significantly impact the success of a real estate investment.Financing options vary and should align with your investment strategy.Building a business mindset is key to successful real estate investing.Utilizing data and market insights can enhance decision-making.Exit strategies can include selling, refinancing, or holding properties long-term.Every real estate deal should be evaluated through a strategic lens.   We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this engaging conversation, Jake and Gino discuss the journey of entrepreneurship with Jeff Burningham, exploring personal stories, the role of mentorship, and the challenges of navigating politics as an entrepreneur. They delve into the impact of growth on community infrastructure, the aftermath of political campaigns, and the intersection of AI and human consciousness. The discussion also touches on education reform in the age of AI, the importance of finding joy and wisdom in a digital world, and the rituals that contribute to personal success and inner peace.Jeff Burningham is a serial entrepreneur, investor, and philanthropist focused on building purpose-driven businesses. He is the founder of Envision Utah and the co-founder of Peak Ventures, supporting innovative startups while championing family values, community impact, and long-term legacy.WWW  |  IG  |  LN  |  STACK  || FBTakeaways:Entrepreneurship often begins with personal experiences and inflection points.Mentorship plays a crucial role in shaping entrepreneurial journeys.Politics can be a challenging landscape for entrepreneurs, often requiring a desire to serve.Community growth must be managed proactively to address infrastructure challenges.Personal growth can emerge from political defeats and setbacks.AI presents both challenges and opportunities for human consciousness.Education systems must adapt to the realities of AI and technology.Finding joy comes from within, not from external sources.Meditation and nature can help individuals reconnect with themselves.The future of education will likely be disrupted by AI, making it more accessible.  Insights:"It's about the right questions.""The beauty's in the mess.""We need to come back to ourselves." We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Gino Barbaro shares his insights on the three essential steps to create meaningful change in both personal and professional life. He emphasizes the importance of perceiving the need for transformation, recognizing one's ability to change, and being ready to take action. Drawing from his own experiences, particularly during the Great Recession, Gino illustrates how he transitioned from being a 'pizza guy' to embracing a new mindset that allowed him to pursue real estate and personal growth. He encourages listeners to shift their perspective from merely wanting to change to actively transforming their lives by understanding their unique gifts and potential. Takeaways:Perceiving the need for change is the first step.You have the ability to change your circumstances.Being ready to change is crucial for transformation.Creating connections is essential for effective communication.You must stop being a victim and take responsibility for your life. Insights:"Don't think of the word change. Just think of the word transform.""I was the one who created those first circumstances.""Create the connection with that person." We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

TakeawaysChris Hunsicker transitioned from therapy to leadership consulting after a significant career shift.The 'in spite of, because of' dynamic is crucial in understanding business success.Honesty in leadership can lead to better organizational outcomes.Self-regulation is key for effective leadership and personal relationships.Feedback is essential for growth, both personally and professionally.Building a strong company culture requires defining behaviors, not just values.Family values can significantly influence business culture and practices.Successful businesses are responsive to market realities and focus on problem-solving.Developing employee skills is vital for maintaining high-performing cultures.A servant's heart and emotional stamina are essential for effective leadership. We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

TakeawaysNegotiation starts with understanding and listening to the other party.Creating a connection is crucial for effective negotiation.Principled negotiation focuses on relationships, while positional negotiation focuses on winning.Understanding the seller's problems can lead to better deals.Preparation is key to successful negotiations.Seller financing can be a creative way to structure deals.Interest rates and terms are important in seller financing.Asking the right questions can uncover valuable information.Negotiation is about finding a win-win solution for both parties.   We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this engaging conversation, Paul Shannon discusses the nuances of being an investor versus an entrepreneur in the real estate space. He emphasizes the importance of asset agnosticism, multiple exit strategies, and the evolving role of limited partners in today's market. The discussion also touches on current market conditions, investor sentiment, and the significance of teamwork in multifamily investing. With a focus on long-term wealth building and strategic decision-making, the conversation provides valuable insights for both seasoned investors and newcomers alike.TakeawaysThere's a distinction between being a good investor and a good entrepreneur.Asset agnosticism allows for flexibility in investment strategies.Having multiple exit strategies is crucial for risk management.Day one cash flow is important to ensure stability in investments.Floating rate debt can be risky in volatile markets.Limited partners are becoming more educated and cautious.Investor sentiment is improving but still cautious after recent market challenges.Teamwork is essential in multifamily investing to cover various skill sets.Long-term wealth is built through patience and strategic investments.Current market conditions suggest a cautious approach to new acquisitions. Chapters00:00 Introduction and Setting the Stage02:11 Investor vs. Entrepreneur Mindset03:56 Asset Agnosticism in Real Estate06:49 Frameworks for Evaluating Deals12:15 Long-Term Financing Strategies15:43 Current Cash on Cash Returns20:16 The Limited Partner Perspective27:02 Shifting Sentiments Among LPs30:52 The Future of Syndication and LP Education33:18 Navigating Market Cycles and Investor Mindset34:56 The Importance of Partnerships in Investing36:13 Balancing Entrepreneurial Spirit with Investor Discipline38:08 Understanding Local Market Dynamics40:40 The Role of Interest Rates and Economic Indicators42:59 Operational Excellence in Multifamily Investments46:15 The Entrepreneur vs. Investor Mindset49:13 Personal Habits for Success52:39 Bold Predictions for the Multifamily Market We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this conversation, Gino shares insights on creating a vision for your business, emphasizing the importance of clarity, core values, and metrics. He reflects on his past experiences in the restaurant industry and how they shaped his approach to business today. Gino discusses the significance of establishing a strong company culture and the role of accountability in achieving growth. He also highlights the need for effective systems and metrics to track progress and ensure success in any business venture.TakeawaysCreating a vision is crucial for business success.Clarity is often more important than motivation.Core values serve as a guiding principle for decision-making.Establishing a strong company culture is essential for growth.Daily content production helps in building a brand.Systems should be simple and adaptable as the business grows.Metrics provide accountability and direction for business goals.Understanding your target audience is key to effective marketing.Regularly reviewing and updating your vision is important.A clear vision helps guide your business towards its goals. We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Jake and Gino get real about the current state of the market, why underwriting deals has become a nightmare, and the crucial shift investors must make from "buy right" to "manage right" to survive this cycle. Learn how to implement a "cadence of accountability," control your expenses with a fine-toothed comb, and create immense value in your existing portfolio while you wait for the acquisition market to thaw.🔑 Key Takeaways:☑️ The 4.5% Reality Check: Achieving a 7% cash-on-cash return is now "moderately to very difficult" in most major metros, with realistic returns hovering around 4.5%-5%.☑️ The Underwriting Nightmare: With rents pulling back and sellers wanting premium pricing based on future growth that isn't happening, traditional underwriting models are broken.☑️ Beware the "Gain to Lease" Trap: Be honest with yourself—your "loss to lease" might actually be a "gain to lease" where your current rents are higher than what the market can support.☑️ Shift to "Manage Right": When you can't buy new deals, you must focus on optimizing your current portfolio. Implement a "cadence of accountability" with weekly L10 meetings, daily reports, and rigorous property walks.❓ Question for the Audience: Are you finding it difficult to underwrite deals in the current market, and what is your minimum acceptable cash-on-cash return right now? Let us know in the comments!  We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Learn how to move beyond emotional impulses and use critical thinking to evaluate opportunities, align them with your long-term vision, and assess hidden costs and consequences. Gino walks through a real-life case study of a failed partnership to show you how to avoid costly mistakes and make empowering decisions that scale your business.🔑 Key Takeaways:✅ Don't Trust Your Gut Alone: While intuition is important, relying solely on emotions can lead to bad deals. You need a logical, rational framework for critical thinking.➤ The 6-Step Decision Framework:✦ Does it align with your vision? Will this move you closer to your long-term goals?✦ Have you researched the market/idea? Don't be a "novice investor." Do your due diligence on financials, partners, and scope of work.✦ Do you have the time to implement it? Be honest about your bandwidth. Will this distract you from your core business?✦ Can you acquire the capital? If you don't have the money, do you have a concrete plan to get it (e.g., seller financing, partners, syndication)?✦ Will it give or deplete your energy? Is it a soul-sucking endeavor or something that excites you? Aim for "happy money."✦ Do you have the skills/experience? If not, who can you lean on? Don't be blindsided by your own lack of knowledge.✅ Assess Potential Costs & Consequences: Always consider the downside. What's the "return on effort"? Is the juice worth the squeeze? Think about tied-up capital, lost time, and stress.✅ The Power of "Simmering": Don't rush big decisions. Take a step back for a day or two to let new variables emerge and gain clarity.❓ Question for the Audience: Can you share a time when trusting your gut led to a bad real estate or business decision? What did you learn from that experience? Let us know in the comments! We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Gino Barbaro sits down with Aaron Fraser, founder of the Action Sports Club and bestselling author. Aaron shares his powerful transition from a professional snowmobile racer facing a career-ending injury to becoming a leading expert in helping athletes build personal brands.They dive deep into why building a brand around yourself—your face, your name, and your values—is far more effective and transferable than trying to build an "external" company brand first. Learn how authentic storytelling can attract major opportunities without the need for a hard sell, and discover the crucial difference between branding, marketing, and advertising.If you are an entrepreneur, real estate investor, or athlete looking to monetize your passion and land deals, you need to understand the strategy behind true personal branding.Here are the key takeaways from this episode:✅ Personal vs. External: Why it’s crucial to build a brand around your name before launching external products or company names. Personal brands are flexible; external brands get stuck.✅ The Value Proposition: Branding isn't just visual design; it’s what people say about you when you aren’t in the room. It must align with your core values (like the Shaq example discussed).✅ The Power of Story: How sharing your authentic origin story can attract partners and investors without you ever having to "pitch" them.✅ Defining the Terms: A clear breakdown of the difference between Branding (the identity), Marketing (the overall universe), and Advertising (driving the sale).✅ Sponsorship Strategy: Why having huge "eyeballs" on your content doesn't guarantee sponsorship. It's about the alignment of your audience avatar with the sponsor's product.Question for you: Are you currently focusing more energy on building your personal brand (your name and reputation) or an external company identity? Let us know in the comments below!➡️Check out Incogni: https://incogni.com/jakeandgino ➡️Check out NordProtect: https://nordprotect.com/jakeandgino and use code jakeandgino at checkout. We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this video, Gino Barbaro breaks down the 5 Key Functions required to run an efficient, scalable real estate business. Most "gurus" only teach you how to buy and finance a deal (the sexy parts), but they ignore the operations and management that actually make the deal profitable. Learn how to move from being an overworked landlord to a true business executive.Key Takeaways:✅ Job vs. Business: Why most entrepreneurs inadvertently sign up for a "job" when they start investing, and how to shift to a business mindset.✅ The Unsexy Truth: Marketing and Operations aren't glamorous, but they are the only way to scale, find off-market deals, and attract top talent.✅ The Property Log: The essential tool you need for every single asset (whether you have 1 unit or 1,800) to track CapEx, vendors, and maintenance history.✅ Vision vs. Infrastructure: How to balance the "Entrepreneur" who wants to grow with the "Investor" who needs to protect capital. Let's Connect!Question of the Day: Be honest: If you stepped away from your real estate portfolio for a month, would it continue to run efficiently, or would it fall apart? Which of the 5 pillars do you need to work on most? Let us know in the comments! 👇 We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

He dives into the secrets of the most lucrative "niche" businesses (you won't believe the average revenue of a closet company!) and reveals the non-negotiable criteria for identifying a scalable, high-profit franchise that can withstand market cycles—and why he is absolutely avoiding the food industry right now.🔑 Key Takeaways:✔️ Franchising is the Ultimate Wealth Methodology: It takes ordinary people and gives them the tools to execute an exceptional, proven business model flawlessly, creating scalable wealth.✔️ The Riches are in the Niches: Cliff reveals that specialty, non-glamorous businesses—like closet organization or gutter services—often generate significantly higher average annual revenues (up to $9 million) than generalist or highly-saturated concepts.✔️ The Ideal Business Model: Focus on scalable, non-brick and mortar franchises that can be operated from a home or vehicle, are fully burdened with labor, and maintain a 15-20% profit margin to be run by a "manager of managers."✔️ Proof of Concept & Royalty Sustainability: A franchise hits true sustainability for the franchisor around 100 units operating, meaning they have a proven distribution channel that works across different regions.✔️ Avoid Food: Due to the combined pressures of supply chain disruption, skyrocketing rents, increased insurance, and legislated minimum wage hikes, Cliff believes the food industry is currently too high-risk for new franchise investment.❓ Question for the Audience: Based on Cliff's advice about the "riches in the niches," what obscure or specialized business have you seen that's secretly crushing it, and why do you think specialization is so profitable?➡️Check out Incogni: https://incogni.com/jakeandgino ➡️Check out NordProtect: https://nordprotect.com/jakeandgino and use code jakeandgino at checkout. We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join Gino Barbaro of Jake and Gino as he continues the discussion on the crucial team members you need to build a scalable and successful real estate enterprise. He stresses that in the current market cycle, the focus has shifted entirely from just "buy right" to mastering the "manage right" component. If you neglect operations, even the most promising acquisitions will turn into "crappy deals".In this video, Gino breaks down the complex reality of raising capital and highlights why Investor Relations is not a side job—it's an entirely separate business that demands a dedicated, critical hire.🔑 Key Takeaways:✅ Great Deals Become Crappy Deals: In this phase of the market cycle, a lack of focus on asset management and operations will destroy returns, turning your best finds into failures.✅ The Foundational Hires: The non-negotiable early hires include a Property Manager, Asset Manager, and Bookkeeper, as discussed in the previous video.✅ Two Businesses, Not One: Running a multifamily operation and managing the equity/investor relations side are two different businesses that require separate systems and attention.✅ The Critical Capital Relations Hire: If you are raising outside capital from day one, you must be prepared for the burden of investor reports, newsletters, K1 distribution, and constant communication—a full-time role that cannot be ignored.✅ The Scaling Tipping Point: Around the 300 to 500 unit mark, most investors become completely overwhelmed by these operational functions and realize they can no longer do everything themselves. We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mike shares his compelling personal journey of growing up in the former Soviet Union and immigrating to the U.S., offering a vital perspective on the dangers of socialism and communism as these terms resurface in modern politics. He also unveils his "three rules" for finding and underwriting great deals in the current volatile market, explaining how he targets positive spreads and deep discounts on construction costs.🔑 Key Takeaways:✅ The Three Rules for "Great Deals": Today, Mike focuses on deals that offer:➜ A 2% positive spread between the cap rate and the financing interest rate.➜ A 50% or better discount to the reconstruction cost (targeting existing builds).➜ A 20% to 40% discount off the peak market price.✅ Socialism vs. Capitalism: Having lived in the former Soviet Union, Mike provides a stark warning against socialism, viewing it as a system that ultimately leads to corruption, empty shelves, and a loss of freedom. He stresses that while concepts to help the needy are valid, the system itself is flawed.✅ The Fed's Flawed Approach: Mike agrees that the Fed is "always late" and operates with a flawed model, reacting to old data rather than driving decisions with a forward outlook. He suggests their delayed and aggressive rate hikes "shocked the system" and were potentially political.✅ The Investment Opportunity: The confluence of a complacent stock market (heavy in the MAG 7) and a beaten-up commercial real estate market creates phenomenal risk-adjusted opportunities for buyers who can find motivated sellers and "buy right".Question for the Audience: Mike describes a real-life $79k/door deal with a 9-cap and 7% financing. What is the single most important action you are taking right now to position yourself to find and close deals with this kind of massive dislocation? We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We discuss the critical roles you need to fill—from property management to bookkeeping—and share the painful (and expensive) lessons learned from waiting too long to hire. Stop working in your business and start working on it.Key Takeaways:✅ The "I'ma" Mentality: Why doing everything yourself will cap your growth and lead to burnout.✅ The 3-Month Test: A simple formula to determine if you can afford your first hire without breaking the bank.✅ Top 4 Crucial Hires: Why property managers, bookkeepers, business coaches, and asset managers are non-negotiable for scaling.Question of the Day: What is the one task in your business that you know you should hire out but haven't yet? Let us know in the comments below! 👇  We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.