Oct 16 2024 12 mins 7
In this episode, you’ll learn:
- How to lay a strong financial foundation before investing.
- Why mindset around money is critical to your investment success.
- The biggest mistake Gino made with his first property and how to avoid it.
- Choosing the right investment vehicle (multifamily anyone?).
- Smart strategies for using debt to fuel your investment portfolio.
- Why every property is a small business and how to treat it that way.
Key Takeaways:
- "Money doesn’t corrupt; it reveals" – Gino explains how your relationship with money influences your investment decisions.
- Start by choosing your vehicle (stocks, real estate, etc.), saving money, and investing it wisely.
- Understand the power of using debt responsibly to grow your portfolio.
- Exit strategies are key: Learn when to cash in on equity, refinance, or hold long-term.
Top Advice from Gino:
- Build a solid financial foundation before investing.
- Write down one word that defines how you feel about money. Your mindset matters!
- Pick your investment vehicle and dive deep into it – start with multifamily if you want long-term success.
- Use debt strategically to maximize your returns.
- Always have an exit plan for each deal!
Ready to start your investment journey? Reach out to Gino and the team for guidance on how to build your real estate portfolio: Call us at 865-800-3905!
Looking for more tips and strategies? Subscribe and hit the notification bell to catch our next how-to guide and dive deeper into the world of real estate investing! Don’t miss out on learning how we’ve helped 100+ investors leave their W-2 jobs and close over 86,000 units!
#RealEstateInvesting #MultifamilyInvesting #FirstInvestment #JakeandGino #PassiveIncome #DebtStrategies #InvestmentTips #FinancialFreedom
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
