#266: How We Used a Partnership to Buy 900 Units with Jake and Gino
Published February 15, 2018
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73 min
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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 areThe importance of having a picture in mindTips for having good morning habitsHow they built ancillary businesses to support their real estate investingAdvice for finding the right employeesHow to get into the first dealHow to balance being focused and building another revenue streamsWhy partnerships are vitally importantWhat to seek in a partnerWhat their partnership looks likeThoughts on using an LLC for each dealWhat exactly cost segregation isA discussion on holding properties foreverTheir thoughts about 1031 exchangesHow they find dealsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 182: 674 Multifamily Units in Three Years with Jake & GinoBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodLuminosityHeadspaceAlar.myScott’s Twitter ProfileBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThe Miracle Morning by Hal ElrodThe Richest Man in Babylon by George S. ClasonThe ABCs of Real Estate Investing by Ken McElroyInvesting in Fixer-Uppers by Jay DeCimaThink and Grow Rich by Napoleon HillAtlas Shrugged by Ayn RandTweetable 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 GinoJake and Gino’s Company WebsiteRand Property ManagementRand Partners LLCJake and Gino Podcast
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