Episode 253: Gino Barbaro on Large Multi Family Real Estate Investing in 2024

The REI Diamonds Show-Real Estate Investment Podcast

Episode 253: Gino Barbaro on Large Multi Family Real Estate Investing in 2024

Guest: In this episode, we sit down with Gino Barbaro, co-founder of the Jake and Gino brand and a titan in the multifamily real estate space. Gino shares his incredible journey from running a small family restaurant to managing over $350 million in assets. Gino Barbaro is a seasoned real estate investor, entrepreneur, and co-founder of Jake & Gino, a multifamily real estate education company. With years of experience and numerous successful deals under his belt, Gino is dedicated to educating others about the intricacies of passive investing and multifamily real estate management.
Big Idea: Gino Barbaro emphasizes the importance of education, mentorship, and strategic partnerships in achieving success in multifamily real estate. He shares how investing in personal growth and building a strong network can transform a small business owner's career into that of a real estate mogul. Gino highlights the importance of understanding the key pillars of passive investing: the sponsor, alignment of interests, and the deal itself. By focusing on these aspects, investors can make more informed decisions and avoid common pitfalls, leading to more stable and profitable investments. The key to success in multifamily real estate is viewing properties not just as buildings, but as revenue-generating businesses. Gino emphasizes the importance of systems and processes in managing properties, whether they are small six-unit buildings or large 97-unit complexes. He also highlights the significance of deal flow, broker relationships, and understanding market cycles to seize opportunities and maximize returns.
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Resources mentioned in this episode:
https://JakeAndGino.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/gino-barbaro-on-large-multi-family-real-estate-investing-in-2024/
Gino Barbaro & I Discuss Large Multi Family Real Estate Investing in 2024:
• First Steps in Multifamily Real Estate (03:14): How Gino partnered with Jake to start their first multifamily deal and the challenges they faced.
• Importance of Mentorship and Education (10:43): The value of mentorship and continuous learning in overcoming initial fears and scaling up.
• Three Pillars of Passive Investing (00:14:31): Explanation of the jockey (sponsor), saddle (alignment of interests), and horse (the deal) framework.

• Loan and Financing Strategies (33:57): Gino discusses using community banks for 80% loan-to-cost financing, including renovations, and how he and his partner funded their deals.

• Market Cycles and Investment Timing (36:03): The discussion covers market cycles, cap rates, and why certain assets are better investments during different market phases.