BiggerPockets Real Estate Podcast

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

02.15.2018 - By BiggerPocketsPlay

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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! Jake and Gino are full of energy and even more full of knowledge, so get ready for one awesome show.

In This Episode We Cover:

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

BiggerPockets Forums

BiggerPockets Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino

BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

Luminosity

Headspace

Alar.my

Scott’s Twitter Profile

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

The Miracle Morning by Hal Elrod

The Richest Man in Babylon by George S. Clason

The ABCs of Real Estate Investing by Ken McElroy

Investing in Fixer-Uppers by Jay DeCima

Think and Grow Rich by Napoleon Hill

Atlas Shrugged by Ayn Rand

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

Jake and Gino’s Company Website

Rand Property Management

Rand Partners LLC

Jake and Gino Podcast

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