Multifamily success is the dream for many real estate investors.
Jake Stenziano & Gino Barbaro, the drug rep & restaurateur, better known as Jake & Gino are proof that hard work and the right mindset can propel you to amazing success in multifamily real estate.
In 2013, the investor team had almost given up the dream of owning a multifamily property. Then their persistence paid off. They landed their first 25 unit multifamily property. It was rough, but they were finally in the game.
In just a little over 4 years, Jake & Gino’s real estate investment strategy of mom & pop multifamily has led to an impressive 850 units in Knoxville, TN. The following are some of the keys to their success.
Mindset: It all starts in your mind. If you want your circumstances to change, the easiest thing to change is your mindset. Once you change your mind, you need to find like minded people, because the herd will try and bring you back to the pack.
Education: Take some time and invest in yourself. Learn the lingo, talk to people, and get to know how others are doing it.
Motivation: If you are comfortable, it is tough to find the motivation to change. If you really want to change, you have to be uncomfortable
Market: You don’t have to be in a primary market to grow in real estate. Real estate is everywhere. What is important is to know the basics in the market. Is there job growth? Are there people moving to the area? Is there more demand than supply in the housing market? These are keys in any marketplace.
Hard work: If you are willing to work hard and go through some pain for a few years, you will reap the rewards that others only dream of.
From there it’s Buy Right, Finance Right, Manage Right and repeat!
For more go to: https://jakeandgino.com/