Join me and Vince with Gino Barbaro from Jake and Gino as we talk about creating multiple income streams. From his humble beginnings in a pizza restaurant, Gino is now handling over 1600 units in multifamily. He shares multiple ways to take control of a growing business (or businesses!) and have clarity on the things that matter. From a small Airbnb, you can go to duplexes, triplexes, and venture out to property management or even education! Creating these layers of revenue allows you to be free and provide value to others as well.

 

While that sounds easy on paper, the way to success is never easy. You have to know where to dedicate your time and focus on generating revenue. At the early stages of your business, you’d find yourself doing everything yourself, but be open for that moment that doing small tasks is no longer profitable for you. If you can do something for $15 to $20 an hour (like bookkeeping or fixing a toilet), you shouldn’t be doing that anymore! Find the people who can do that job to help you pay attention to the things that will generate more income. It’s your responsibility to get the things that you want in life, and now’s the time to do it!

 

About Jake and Gino:

What started out as a conversation between friends has exploded into a thriving real estate investment business that continues to grow in size and profitability.

 

Jake and Gino are both experts in multifamily real estate investing and have achieved, in just a few years, the sort of financial freedom they always wanted but weren’t sure was possible.

 

If a pizza guy and a drug rep can do it, we know you can too! Unlike many Investing Consultants and so-called Business Coaches, Jake and Gino have done the work with the assets to back their success strategies while consistently reaching their goals. They are passionate about sharing their journey with you.

 

Outline of the Episode:

Starting in the restaurant business and getting into multiple income streams.The history behind the brand name. The more money you make, the more value you provide.Enjoy doing the thing you’re getting paid for! Why multifamily real estate? Cashflow, appreciation, tax benefits, and cycle resiliency.Building multiple streams of income SLOWLY.A nice and clean deal for a long-term hold.Looking at the vintage because all the other older assets are too overpriced!The value of getting a life coach to avoid getting stuck in the rat race mentality. Getting mentors and coaches are an expense, but you’re investing in yourself! Even Lebron James and Tiger woods have coaches.Being obsessed with working. With that said, does balance even exist?

Finding the right kind of employees because of establishing core values. They let go of an employee who didn’t want to mop the floor!

The Honey Bee: how should business owners be looking at their own tasks? You shouldn’t be fixing toilets when you have 100 to 150 units!The power of visualizing on giving focus and clarity.Figuring out that you have to be responsible for your own life. If you don’t have what you want, it’s because of you!Providing value to the community and growing it.Surrounding yourself with likeminded people.

 

Resources:

·      Jake and Gino

·      Facebook

·      Twitter

·      Instagram

·      LinkedIn

·      The Honey Bee

·      Limitless

·      Think and Grow Rich

·      Tony Robbins

·      Zig Ziglar

·      Jim Rome

 

Connect with The Cashflow Project!

·      Tri-City Equity Group

Facebook | Instagram | YouTube | LinkedIn

Ver todos los episodios