Buy Right, How To Acquire Well Priced Multifamily Properties
4.4 (16 ratings)
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Buy Right, How To Acquire Well Priced Multifamily Properties

This course will teach you how to acquire property for a price that yields your specific investment objectives?
4.4 (16 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
155 students enrolled
Last updated 12/2015
English
Current price: $10 Original price: $95 Discount: 89% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Select your market, one of the first steps when beginning your successful career. You will know what makes a particular market more attractive to invest in than another.
  • Build a world class team who will support the success of your real estate business. You will know how to assemble an A+ team.
  • Speak the language, it's what separates the pros from the neophytes. Once you sound like a pro, you will be treated like a pro.
  • Discover profitable Mom and Pop apartments and the wealth building opportunities they offer.
  • Know exactly who and what to look for, with value plays that you will seek in an investment and recognize the right types of sellers to buy from.
  • Know exactly what to stay away from. You will be very clear on what problems to avoid when analyzing a deal.
  • Understand the acquisition phase and know the steps that it will take to do you first deal.
  • Structure your real estate company correctly, knowing the correct documents needed to run your company.
  • Create a win-win solution so you can land that deal through professional negotiating skills.
  • Understand the closing process with greater insight and knowledge about what to avoid.
View Curriculum
Requirements
  • We highly recommend that students download all support material provided in the course, print them out and use them as a guide to the video lessons.
Description

Best selling authors, Jake Stenziano and Gino Barbaro teach the first leg of their Wheelbarrow Profits Framework: “Buy Right, Manage Right, Finance Right.” In the framework, investors will be instructed on how to purchase the asset correctly, based on using actual numbers. We teach investors that Buying Right is where you make your money in real estate. You will learn how to,

  • Select an emerging market
  • Build a superstar team
  • Speak the real estate lingo so you sound like a pro
  • Find deals that you can create value
  • Negotiate like a pro
  • Discover what a “mom and pop” property is and how they will make you rich
  • Perform due diligence thoroughly
  • Takeover the property once it comes time for the closing

We will show you why “Buy Right” is crucial to a successful real estate investment. Let Jake and Gino, who have exploded their portfolio to over 500 units in only three years by utilizing their proven system, be your personal guide on your path to financial independence through multifamily real estate investing.

This course created by Jake Stenziano and Gino Barbaro, #1 Amazon Best-Selling Authors of “WheelBarrow Profits: How To Create Passive Income, Build Wealth, And Take Control Of Your Destiny Through Multifamily Real Estate Investing.” and founders of Jake & Gino, LLC.

Who is the target audience?
  • Real estate investors or professionals who want to learn the entire buying process with multifamily properties, from finding a deal to takeover of the property.
  • Ideal for a beginning investor who has no knowledge of buying multifamily real estate.
  • Seasoned investors who are looking to expand their investments into multifamily properties.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
17 Lectures
03:49:10
+
Resources and Downloads for Buy Right
3 Lectures 00:32

The Home Study Course book is the companion resource for the three legs of the Jake & Gino framework that includes,

  • Buy Right
  • Manage Right
  • Finance Right

Be sure to print this book out and use it throughout this course and the other two.

Home Study Guide
67 pages

Print this sheet out to reference through the course when there is a new word or possibly a terminology you've never heard of. This sheet should accompany your Home Study Guide Book.

Cheat Sheet, list of common words and definitions you will find in this course
3 pages
+
Buy Right Lessons
14 Lectures 02:38:38

A crucial step in the buy right process. You will learn the fundamentals of a market that make it desirable to invest in. You will be introduced to terms such as job growth, number of households and household income. As well, you will learn how to identify an emerging market and the paths of progress in a particular market.

Preview 09:10

Building your Team is a vital step for the success of any entrepreneur, especially someone who is establishing a real estate business. Who should you assemble on your team and how do you locate these team members? Don’t worry, we will dive into these topics to help you put together a top notch team to help grow and manage your business.
Preview 19:12

Speaking the language increases your chances of success when interacting with brokers and real estate professionals. Real estate has its own vocabulary, and you will learn definitions of words that you will encounter. You will end up sounding like a pro, and the deals will start flowing your way.

Speaking the language 1 increase your chance of success with other professionals
14:06

Speaking the language increases your chances of success when interacting with brokers and real estate professionals. Real estate has its own vocabulary, and you will learn definitions of words that you will encounter. You will end up sounding like a pro, and the deals will start flowing your way.
Speaking the language 2 increase your chance of success with other professionals
11:03

Speaking the language increases your chances of success when interacting with brokers and real estate professionals. Real estate has its own vocabulary, and you will learn definitions of words that you will encounter. You will end up sounding like a pro, and the deals will start flowing your way.
Speaking the language 3 increase your chance of success with other professionals
14:19

Mom and Pop apartment is a term that we coined to describe the type of property that we target. What is a mom and pop? A property that contains deferred maintenance, burned out landlords, motivated sellers, no business systems in place, a property that is being run inefficiently. We are going to teach why you want to target mom and pops and how these properties will bring you wealth.

'Mom & Pop' apartments, wealth building properties and how to discover them.
06:39

Who and what to look for? Mom and Pops are in every market, and once you learn the characteristics of one, they will stick out like a sore thumb. We will define a motivated seller, and how to seek them out. You will also learn what to look for in terms of tenants, rental rates, and the overall condition of the property.
Who and what to look for, how to find the right property and motivated seller
14:28

Not all Mom and Pops are created equal. Learn what problems you should stay away from when considering purchasing a Mom and Pop. This video will save you a ton of money and heartache.
What to stay away from, saving you a ton of money, time and headaches.
11:08

Acquiring a property can be a daunting task for beginning investors. We have created a checklist for you to follow when buying a deal. We call it our recipe, and once you learn the recipe, follow it to success.
Acquisition steps, your checklist for for buying a deal.
11:39

Legal Documents and Entity Formation is a confusing topic for most beginners. Start out you investing career on the right foot and choose the correct entity for your personal needs. Don’t skip this lesson.
Legal Documents and Entity Formation, set up correctly from the beginning.
14:42

Everything in life is negotiable, and real estate is no exception. You will learn how to create win-win situations so both parties will be pleased and future deals may be in your future. As well, you will learn what makes a person successful in negotiation, and how to apply these rules to your negotiation

Keys to Negotiation, creating win-win situations and apply the right tactics.
05:38

We dive deeper in this video with negotiation techniques that create those win-win solutions. Learn what a tradeoff or a nibble technique is and watch as Jake and Gino role play these techniques. Once you learn all of these techniques, you won’t fall for them.

Negotiating techniques, the trade-off and the nibble technique and how they work
07:33

Due Diligence, the two most important words in any investor’s lexicon, is detailed thoroughly in this video. Your career can be over before it even starts if you don’t perform your due diligence. Jake and Gino take you through a checklist and tell you how to begin implementing your team members. An extremely important lesson.

Due Diligence, learn how to properly use this role in your investing career.
13:49

You’ve finally come to the end of the buying process. It’s a month before closing, and what needs to get done. Jake and Gino have detailed the closing process as well as the first month of operations. It can be a turbulent time for investors, as tenants receive the shock of a new owner and the investor has a new property under his belt. It is an exciting and sometimes precarious time for owners. You will learn how to achieve a smooth transition.
Closing / Take Over and creating a smooth transition into your new property.
05:12

Test your skill in from the Buy Right course on multifamily real estate acquisition based on Jake & Gino's Buy Right, Manage Right and Finance Right framework.

Buy Right Course Test
20 questions
About the Instructor
Jake Stenziano & Gino Barbaro
4.5 Average rating
120 Reviews
767 Students
4 Courses
Multifamily Real Estate Investing

What started out as a conversation between friends has exploded into a thriving real estate investment and consulting business that continues to grow in size and profitability. Jake Stenziano and Gino Barbaro are now considered two of the most sought after experts in real estate investment and have achieved, in just a few years, the sort of financial freedom they always wanted but weren’t sure was possible. And while a certain amount of timing, coincidence, and luck brought them together, through their courses they will be your partner, bringing that same luck, and years of experience, right to you every step of the way.

Financial freedom isn’t just a dream, it’s something everyone can find for themselves. While you’ll be responsible for finding the properties, within these lessons you’ll discover not only tips and best practices for uncovering that first opportunity, but a framework that will allow you to grow your portfolio from a single property to multiple revenue generating investments.

"I'm not going to kid you, it takes work. But having the right partnerships and people with the experience to guide you through those challenges you will face ... that's what gets the results you never dreamed possible. You can do it - and we'll be here for you every step of the way" - Gino

Gino Barbaro graduated from Fairfield University in 1992 with a degree in finance, and subsequently struggled to locate a job in the terrible economy. He was fortunate to locate employment with AIG, though it was only through a bit of lucky networking that he was able to do so. He worked in the reinsurance accounting department, and quickly realized that watching paint dry was more pleasurable than working in insurance. Gino’s father owned a restaurant where Gino had worked since he was eight years old and he returned there, rather than languish in a cubicle.

Gino still runs the restaurant to this day, but he realized years ago that, while running the restaurant was a great job, it would not allow him to accumulate wealth. That dream of financial freedom was ever present, but it seemed like it would always be just out of reach.

In addition to the restaurant, Gino’s parents had also owned a number of investment properties, something which intrigued him. Following their example, he purchased his first multi-family property in 2002. The property consisted of a three-family home with a detached garage and office. The home was next to the restaurant and he could use one of the garages to store supplies and merchandise for the restaurant. The problem was, he wasn’t quite sure what to do next. He began studying, learning more about the real estate industry and waiting for the right opportunity to come around.


Jake Stenziano was working in sales for a top three pharmaceutical and vaccine manufacturer. The job paid well enough, and helped he and his wife get by, but as with most jobs in that field it would never be enough for them to truly be comfortable. In trying to get ahead and make those dreams of financial freedom slightly more attainable, Jake pushed for a transfer from Westchester, New York to Tennessee, where the cost of living was lower.

At the same time, he knew that his career was far from secure no matter where he went. The pharmaceutical company he was working for had six layoffs in eight years, resulting in thousands of lost jobs. Feeling like it was only a matter of time before his number was called, Jake began thinking about how he might secure a future for himself where he wasn’t at the mercy of a corporate axe.

The one solution that stuck out to him came from one of his clients, a doctor he met with frequently through work. The doctor told Jake that the secret to attaining wealth had nothing to do with finding a great job or getting lucky. The secret was in real estate. It was an attractive idea, but Jake knew nothing about the market. He began doing some research, and resolved to see if he could find property in Tennessee to begin his investment portfolio.

What he found was that, much as the cost of living was lower there, so too was the cost of investing in properties. What’s more, he identified a potentially lucrative market that seemed virtually unnoticed by the investors in the area: multifamily properties. Jake realized that these were self-sustaining, in that they could literally pay for themselves, and that there would always be a need for these apartment and condo complexes. It seemed too good to be true. He was moving someplace where he could live more comfortably and, potentially, start experimenting in real estate. Still, he wasn’t totally comfortable with the idea of risking so much, and he too found himself debating what to do next.

Jake happened to frequent Gino’s restaurant, as he was friends with Gino’s brother Marco. On one of his last trips in before moving, he found himself at a table talking to Marco about his plans. It turned out that Marco had begun investing in real estate with Gino.

Yeah, you should talk to my brother about that,” Marco said. “He knows all about it.

Marco wasn’t kidding. Gino had come a long way from a guy who didn’t know what to do with his first multifamily property. When Gino and Jake sat down, they instantly found that they had the same goals. What’s more, Jake had the perfect opportunity for them in multifamily real estate, and Gino knew the ins and outs of the business already. With Jake on location in Tennessee and Gino ready to share everything he knew about investing in real estate, they founded their partnership right there and never looked back.