PassivePockets: The Passive Real Estate Investing Show 23. Long Term Wealth-Building through Multifamily Syndications with Gino Barbaro
Gino Barbaro is one of the founders of Jake & Gino, LLC – a real estate education company. He is a principal at Rand Partners, a multi-family syndication company and a certified professional coach as well as an author and podcast host. In this episode, Gino talks about the importance of mindset, how to evaluate a sponsor and some of the metrics he uses when evaluating a deal.
Gino talks about the importance of educating yourself and having the right investing mindset – if you think you can do it, you can. He mentions he took life-coaching classes and it helped him understand you need to find your Why and your How will come.
Gino talks about how he transitioned from buying multifamily assets without using outside money to building a brand and raising capital. He discussed the importance of finding a sponsor you know, like and trust. He also mentions that to vet a sponsor you need to do the work and evaluate their track record, their business model, their reputation and maybe even go visit them and see properties they own.
Gino tells the story of the poor vetting he did when investing with a guy he calls Maserati Mike. He also discusses the Howey Test and explains how that test applies to syndications. He goes on to say some of the metrics he thinks passive investors should evaluate when considering a multifamily syndication investment.
Gino talks about how cashflow gets you out of a W2, but appreciation keeps you out. This is an important factor to consider when analyzing a sponsor and a deal.
Gino is a reader rather than a listener, but below are the podcasts from the Jake & Gino Community:
Wheelbarrow Profits
Books he recommends:
Vivid Vision by Cameron Herold
Seven Habits of Highly Effective People by Stephen Covey
Mindset by Carol Zweck
To connect with Gino, you can email him at gino@jakeandgino.com.
To get a copy of Gino's e-book, How To Share the Benefits of Multifamily Investing to Create Financial Independence, send him an email to gino@jakeandgino.com.
If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.
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