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

Feb 15, 2018

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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

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

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