How Real Estate Investors Jake & Gino Grabbed 675 Units in 3 yrs - CREPN #41

Beginner Real Estate Investors Jake Stenziano & Gino Barbaro grew their Multifamily holdings to 675 units & $32 Million in 3 years.

The first property taught them how to:

• Collect rent
• Create systems necessary for scaling up
• Adapt quickly
• Scale up
• Professional up
• Ask the questions to help them buy the property right

The property had multiple issues:

• Weekly renters
• No leases
• Vacancies
• Regular visits from local police

The turnaround took almost a year, but the efforts continue to be pay dividends.  The problem tenants are gone, the tenants that stayed are grateful they have a safe home.  The mail lady is no longer afraid to deliver the mail.  

Jake and Gino found that the real acceleration for growth comes from networking.  Relationships are  the keys to getting the first look at deals from Commercial Real Estate Brokers.  To establish this relationship, they first had to prove themselves.  

The only way to prove yourself in Commercial Real Estate: get the first deal done.  

Once you have proven you are a buyer, and are clear on what you are after, brokers recognize you as a buyer and will bring you deals that fit your acquisition strategy.

The Keys to their success:

• Buy Right
• Manage Right
• Finance Right.  

These are the principles behind Wheel Barrow Profits, their number one book on Amazon.com.

Value of partners: allows scalability, and the opportunity to get into bigger properties and be more of an Asset Manager than a Landlord.

Strategy they use for real estate investing:

• Value Add
• Be Creative
• Look for stale listings

To contact Jake or Gino go to:

Jakeandgino.com