Welcome to the Movers and Shakers Podcast. This weeks guest is Mike Taravella. He is a CPA, and he graduated from Michigan State University in 2014 with a Master of Science in Accounting. He has worked 5 years professionally in accounting. He started at Ernst & Young  in public accounting and then transitioned into Detroit's startup community at Rock Ventures. He began his real estate investing career in 2016 by owning and self managing investments in Michigan. He also took an interest in real estate development before joining Rand Partners in 2019. Mike is currently an associate that is responsible for underwriting deals, investor relations, and asset management.

MNS - Mike Taravella

Welcome to Jake and Gino's podcast, where we cut through the noise of entrepreneurship and real estate investing. If you're a forward-thinking individual, eager to take the plunge into the business or multifamily real estate investing world, then this is the show for you!

Here, you'll discover invaluable insights from industry leaders who have walked the path and made their marks. Every episode is a mini masterclass, covering topics like startup growth, venture capital, business acquisitions, and real estate market cycles.

But it's not all roses - we also delve into the hard truths of entrepreneurship and investing, sharing the hurdles, pitfalls, and challenges you're likely to encounter, and strategies on how to navigate them.

Thinking about partnering with us? This podcast is a sneak peek into our ethos and approach. We believe in turning real-world experiences into tangible lessons, and it's this ethos that guides our mentorship programs. Whether you're planning to dive into multifamily real estate investing or expand your business horizons, our show provides the knowledge and inspiration you need to make those dreams a reality.

Join Jake and Gino on this journey and let's transform your entrepreneurial and investing landscape together!

Also included under The Jake & Gino umbrella:
The Julia & Gino Show: Where Business Meets Family. This couple explores the harmony of relationships, communication, and business success

How To: A concise video series guiding aspiring individuals towards financial freedom through multiple passive income streams and generational wealth via multifamily real estate investing.

Movers and Shakers: Gino Barbaro features Jake & Gino students who are successfully navigating multifamily real estate deals.
 
Our mission is to create Multifamily Entrepreneurs!

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Bernard Pearson, a multifamily real estate investor, shares his journey and insights into raising capital from Latin American investors. He discusses the importance of networking, building relationships, and understanding the pain points of potential investors. Bernard emphasizes the need to define investing criteria, select the right market, and focus on underwriting deals. He also encourages investors to overcome their fears and make offers, even if they may seem lower than the asking price. Bernard's goal is to continue raising funds and helping high net worth individuals from Latin America invest in the US multifamily market.   Takeaways  Networking and building relationships are crucial for raising capital from Latin American investors. Defining investing criteria and selecting the right market are important steps in the multifamily investing journey. Underwriting deals and understanding the market help investors gain knowledge and build credibility. Overcoming fears and making offers, even if they may seem lower than the asking price, can lead to opportunities. Providing value to investors by offering stable investments in the US multifamily market is a powerful proposition.    Sound Bites  "Define your criteria and don't be scared of it." "What are you doing to find deals? Are you actually doing something to find deals?" "Start learning the business, start networking, start holding yourself accountable."    Chapters 00:00 Introduction and Background 08:41 Focusing on Capital Raising and Branding 12:50 Addressing Investor Fears and Concerns 21:15 Tips for Getting into Multifamily 25:48 Future Goals and Outlook   Tags #multifamilyrealestate #raisingcapital #LatinAmericaninvestors #networking #pain #points #investingcriteria #underwritingdeals #marketselection #makingoffers  

From Learning Curves to Landmark Successes with Bernard Pearson | Movers and Shakers with Gino Barbaro

Join Gino Barbaro, co-founder of Jake and Gino, in this enlightening episode of "How To with Gino Barbaro," as we delve deep into the nuances of the Corporate Transparency Act (CTA). If the CTA is new to you, or even if you've heard of it but aren't fully aware of its implications, this episode is a must-watch. Gino is joined by experts Harry Barth from Bath Cauldron and Paul Hitchcock to discuss everything you need to know about the CTA, from its origins to its impact on over 33 million entities in the United States. Key Takeaways:   What is the CTA?: Learn about the background, purpose, and significant implications of the Corporate Transparency Act, aimed at enhancing transparency for law enforcement and combating illegal activities.   Compliance Essentials: Discover the critical aspects of complying with the CTA, including the deadlines, potential penalties for non-compliance, and the detailed process for filing your entity information with FinCEN.   Impact on Businesses: Understand how the CTA affects every entity in the U.S., not just new ones but also those established decades ago. Our experts break down the requirements, exemptions, and specific scenarios that could affect your business.   Expert Insights: Harry Barth offers his expertise on navigating the complexities of the CTA, sharing valuable advice on ensuring your entities are in full compliance without facing the steep penalties or criminal charges for non-compliance.   Real-World Examples: Through practical examples and a hypothetical company setup, this episode provides a clear understanding of the filing process, beneficial ownership, and the responsibilities of entities under the CTA.   Legal and Practical Challenges: Discuss the recent court rulings, ongoing legal challenges to the CTA, and the potential impact on businesses large and small. Discover how these developments might affect your compliance strategy.   Closing Thoughts: The Corporate Transparency Act represents a significant shift in how businesses must report and maintain transparency. Whether you're a small business owner or manage multiple entities, staying informed and proactive about compliance is crucial. Join Gino and his guests as they offer invaluable insights, making a complex topic accessible and manageable for business owners nationwide. Questions or Comments? Feel free to leave your questions or thoughts in the comments section below. Gino, Harry, and Paul are keen on providing further clarifications and engaging with your concerns on this critical topic. Remember, the time to act is now. Delaying could lead to severe financial and legal consequences. Let's navigate these changes together, ensuring your business remains compliant, secure, and successful. Subscribe and Stay Informed: Don't miss out on future episodes covering vital business strategies, legal changes, and how-to guides that can help your business thrive. Subscribe to "How To with Gino Barbaro" and turn on notifications for the latest updates.

Corporate Transparency Act 2024: Impact on LLCs | How To With Gino Barbaro

Welcome to another episode of the Jake & Gino Podcast, where real estate investment meets real-life strategies. Join your hosts, Jake Stenziano and Gino Barbaro, as they dive deep into the world of taxes, entity structures, and strategies to fuel business growth and protect assetsF. In this episode, we're thrilled to have Preston Anderson from Anderson Tax, a seasoned CPA who brings a wealth of knowledge and insights on how entrepreneurs and business owners can significantly cut their tax bills. Preston shares his journey from a math-savvy high schooler to becoming a passionate tax professional, determined to help people save money and make informed decisions about their finances. In This Episode:   Preston's Background: Discover how Preston's love for accounting and helping people save money shaped his career.   Entity Structures: Learn about the critical role of entity structuring in saving taxes and mitigating risks, with real-life examples from Preston's experiences.   Tax Saving Strategies: Preston shares some eye-opening strategies and mistakes to avoid, aiming to enlighten business owners on optimizing their tax situation.   Real Estate Insights: Dive into the benefits of being a real estate professional, the impact of cost segregation, and the power of leveraging debt in real estate investments.   Family and Taxes: Preston discusses how involving family in your business can lead to substantial tax savings, highlighting the importance of proper documentation and legal compliance.   The Future of Taxation: Reflect on the philosophical and practical aspects of taxation, government policies, and how understanding the tax code can lead to wealth accumulation.   Takeaway: Preston Anderson reminds us that the foundation of our country was built on a disdain for unfair taxation. His insights not only provide practical advice for today's investors and business owners but also inspire a deeper understanding of our financial system and how to navigate it successfully. Whether you're a seasoned entrepreneur, a real estate mogul, or someone just starting out, this episode is packed with valuable advice that could potentially save you thousands and help you make more informed decisions about your financial future. Connect with Preston Anderson:   Visit Anderson Tax Website   Email: preston@anderson.tax   Remember, it's not just about making money; it's about making smart decisions that lead to a legacy of wealth and wisdom. Join Jake and Gino as they explore these strategies and more, always with a touch of humor and a focus on real-world applications. #JakeAndGinoPodcast #TaxStrategies #RealEstateInvesting #WealthBuilding #FinancialWisdom   Chapters 00:00 Introduction and Background 01:14 Passion for Saving Money 04:34 Importance of Entity Structure 07:20 Considerations for Entity Structure 10:29 Creating New Entities 13:44 Entity Structure for Real Estate 15:44 Estate Planning Mistakes 17:11 Tax Savings for Business Owners 19:11 Red Flags for the IRS 23:26 Corporate Transparency Act 25:47 Real Estate Professional Designation 32:03 Cost Segregation and Real Estate Professional 39:29 Real Estate Professional Status and Income Deductions 40:48 Utilizing a Real Estate Professional Spouse 41:17 Leveraging Debt in Real Estate 42:21 The Benefits of Debt in Real Estate 44:16 The Formula for Wealth: Debt, Real Estate Professional Designation, and Cost Segregation 47:28 The Long-Term Growth of Real Estate 49:03 Contacting Preston Anderson  50:28 The Boston Tea Party and Tax Avoidance 51:06 Closing Remarks

Mastering Taxes and Entity Structures with Preston Anderson | Jake and Gino Show

In this inspiring episode of the Julia & Gino Podcast, we dive deep into the world of parenting, faith, and personal growth with our special guest, Melissa Hannigan, author of "Inconvenient Parenting: Activating Your Child's God-Given Traits." Melissa shares her unique journey of homeschooling six kids, navigating family life alongside a multifamily apartment business, and the birth of their influential podcast. The conversation illuminates the intersection of business success and foundational family values, shedding light on the importance of a solid marriage and family unit for overall success. Melissa opens up about her book, drawing from her experiences as a trained counselor and mother, emphasizing the significance of cultivating a family culture that fosters curiosity, joy, and wisdom. The discussion takes a heartfelt turn as Melissa recounts the tragic loss of her son, offering profound insights into grief, faith, and the continuous journey of parenting. Gino, co-founder of Jake and Gino, along with his co-host and wife, Julia Barbaro, explore themes of sacrificial love, the nuances of homeschooling, and the challenges and joys of parenting. They discuss the delicate balance of guiding children towards their God-given potential while embracing the individuality and unique paths each child takes. Listeners will find encouragement, practical advice, and deep wisdom in navigating their own family dynamics, reinforcing the belief that each parent is perfectly chosen for their children. Through candid conversations, laughter, and some tears, this episode is a testament to the power of faith, the beauty of imperfection, and the unbreakable bonds of family. Key Highlights:   Embracing the beauty and challenges of homeschooling a large family.   The significance of marriage and family in achieving business success.   Insights from "Inconvenient Parenting" on nurturing children's innate qualities.   Navigating grief and finding peace in faith after the loss of a child.   The importance of letting go of control and trusting in God's plan for our children and spouses.   Encouraging curiosity, wisdom, and joy in parenting and life.   For more inspiring conversations and practical advice on family, faith, and personal growth, subscribe to the Julia & Gino Podcast. Visit our website for more resources on nurturing a thriving family and achieving your personal and professional goals. Links:   Inconvenient Parenting Book   Julia & Gino Podcast   Join us on this journey of discovery, growth, and love as we navigate the complexities of parenting, marriage, and personal development.  

Inconvenient Parenting With Melissa Hannigan | The Julia and Gino Show

Through real-world examples, he brings to light the essence of property evaluation and getting to the heart of the buyer's motivation. Discover the arsenal of negotiation tactics Gino shares, from the subtle art of the nibble technique to the strategic mask of true intentions, the impactful flinch, principled negotiation, and the pivotal doorknob technique. Beyond tactics, Gino stresses the significance of listening with intent, fostering empathy, and nurturing rapport and trust as the bedrock of meaningful negotiations. Key Insights:   Grasp negotiation as a vital skill with the power to transform outcomes, advisable to be honed from an early age.   Explore the SPY framework as your guide through the intricacies of negotiation, emphasizing the seller's viewpoint, property potential, and your strategy.   Realize the critical need for a deep dive into the seller's predicaments and aspirations for a win-win scenario.   Learn how evaluating the property and decoding the buyer's drive are pivotal in the negotiation chess game.   Enhance your negotiation toolkit with techniques like the nibble, masking intentions, the flinch, principled negotiation, and the strategic doorknob close.   Understand the irreplaceable value of active listening, empathy, building solid relationships, and trust in achieving negotiation excellence.   Join us as Gino Barbaro leads you through the labyrinth of negotiation, equipping you with the knowledge and skills to navigate your next multifamily deal with confidence and tact.   Chapters   00:00 Introduction and Importance of Negotiation 01:09 The SPY Technique 03:16 Examples of Successful Negotiations 04:15 Evaluating the Property 06:40 Understanding the Buyer's Motivation 07:36 Negotiation Strategies: The Nibble Technique 08:08 Negotiation Strategies: Masking True Intentions 09:05 Negotiation Strategies: The Flinch 10:04 Negotiation Strategies: Principle Negotiation 11:02 Negotiation Strategies: The Doorknob 14:28 Importance of Listening and Empathy 15:25 Building Rapport and Trust  

MNS - Mike Taravella

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