cover of episode 266: How We Used a Partnership to Buy 900 Units with Jake and Gino

266: How We Used a Partnership to Buy 900 Units with Jake and Gino

Publish Date: 2018/2/15
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>We’re not going to lie: It was hard to come up with a title for this episode because we covered SO much—productivity strategies, morning routines, growing from zero to 900 units, partnerships, 1031 exchanges. Whether you are a top performing real estate expert or still looking for your first, you’ll leave this interview challenged, encouraged, and fired up to make some big changes in your life! <strong>Jake and Gino</strong> are full of energy and even more full of knowledge, so get ready for one awesome show.</p><p>In This Episode We Cover:</p><ul>
  • Who Jake and Gino are
  • The importance of having a picture in mind
  • Tips for having good morning habits
  • How they built ancillary businesses to support their real estate investing
  • Advice for finding the right employees
  • How to get into the first deal
  • How to balance being focused and building another revenue streams
  • Why partnerships are vitally important
  • What to seek in a partner
  • What their partnership looks like
  • Thoughts on using an LLC for each deal
  • What exactly cost segregation is
  • A discussion on holding properties forever
  • Their thoughts about 1031 exchanges
  • How they find deals
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “Have a picture in mind and just keep focusing on it.” (Tweet This!)
    • “You grow into your problems, and you outgrow your problems.” (Tweet This!)
    • “The fear is worst than the reality.” (Tweet This!)
    • “If you’re not thinking of creating value for the other person, then the partnership is not going to work.” (Tweet This!)
    • “Transactions are not going to create wealth; equity is going to create wealth.” (Tweet This!)

    Connect with Jake and Gino

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