Mindset: The New Psychology of Success

Today we are diving into how to make multifamily investing simple with our guest Gino Barbaro. Gino is the co-founder of the Jake & Gino community. In this episode, Gino breaks down what it takes to make multifamily investing simple. Establishing your core values and building a team-centered around it. Understanding the three pillars of real estate and implementing the buy right, manage right, finance right framework.

[00:01 – 06:36] Opening Segment

  • We introduce and welcome guest, Gino Barbaro
  • Gino breaks down how to make multifamily simple
    • Buy right
    • Manage right
    • Finance right
  • One plus one does not equal two when it comes to partnerships

[06:37 – 11:10] Partnerships Made Simple

  • Gino talks about the DISC Assessment

[11:11 – 21:23] Limiting Beliefs

  • How do you go from not being a systems person to a systems person?
  • Gino shares how he wasn’t a systems person before and how he overcame it.
    • Realized he needed to become a systems person
  • Going out of your comfort zone

[21:24 – 27:18] Buy Right, Manage Right, Finance Right Made Simple

  • Gino walks us through the three legs of the stool that holds the foundation of their real estate framework
    • Buy right – figure out what’s your criteria for buying right
    • Manage right – are you self-managing or hiring third-party property management?
    • Finance right – choose the right type of financing for your deal
  • The THREE pillars of real estate
    • Market Cycle – know what part of the cycle you’re in
    • Debt Component – what debt are you putting on?
    • Exit Strategy – know how you’re getting out before you go in
  • Look at every deal as a unique opportunity

[27:19 – 36:33] Closing Segment

  • Gino’s investing tip
    • Be wary of people telling you to invest in the long-term
    • Are you working hard for money, or is your money working hard for you?
  • Gino’s book recommendation
    • Mindset by Carol Dweck
    • Connect with Gino online! See the links below.

Tweetable Quotes:

“One plus one does not equal two when it comes to partnerships, and I think most people think that, yeah they think it’s, you know what, one dollar one dollar you get two dollars.” – Gino Barbaro

“Success is just continuing to try to do something and get better.” – Gino Barbaro

Connect with Gino through their website https://jakeandgino.com/, grab a copy of their book The Honey Bee. Check out their Youth Academy course.

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