Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.

If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.

Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.

In This Episode We Cover:

Why you DON’T need to raise outside money to tackle big multifamily deals

How to hire the right people and get employees invested in your properties (literally)

The “buy right” framework and three pillars of real estate that every investor must understand

Why exit strategies are the most crucial part of investing and how to define yours

Managing properties the right way and how good property management can make or break a deal

The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Get Your Ticket for BPCon 2022

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

David's BiggerPockets Profile

Dave's BiggerPockets Profile

Rob's TikTok

Rob's BiggerPockets Profile

BiggerPockets Podcast 182

BiggerPockets Podcast 266

Pizza Owner to 1,500 Units

Millionaire Couples

Books Mentioned in the Show

Small Giants by Bo Burlingham

Scaling Up by Verne Harnish

The 7 Habits of Highly Effective People by Stephen Covey

Connect with Jake and Gino:

Jake’s BiggerPockets Profile

Jake’s LinkedIn

Gino’s Linkedin

Jake and Gino’s Facebook Page

Jake and Gino’s LinkedIn

Jake and Gino’s Website

Jake and Gino’s Podcast

Jake and Gino’s Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632

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