Nov 27, 2023
Join Gino Barbaro, co-founder of Jake and Gino, in this week's how-to lesson where he delves into the world of real estate investment, comparing multifamily investing with fix and flips. In this comprehensive guide, Gino doesn't just tell you which option is better; he lays out the pros and cons of each, helping you decide which investment vehicle is the right fit for your goals and preferences.
📈 Key Highlights:
Multifamily Investing Benefits:
Steady income stream.
Economies of scale.
Appreciation through forced value increase.
Significant tax benefits like cost segregation.
Challenges of Multifamily Investing:
Higher initial investment.
Overcoming limiting beliefs.
Fix and Flips Advantages:
Skill enhancement in real estate.
Market agility and familiarity.
Accessibility through various programs.
Risks of Fix and Flips:
Gino shares his personal journey and insights, from his start in 2011 with his partner Jake, to building a successful real estate empire. He emphasizes the importance of treating your investment like a business, whether it's a single-family flip or a large multifamily unit.