Podcasts about rand capital

What separates those who win deals in today's real estate market from those who keep missing out?   In this episode, Angel welcomes back Anna Latysheva and Fernando Arias of ALFA Peak Capital for a hands-on session about underwriting multifamily real estate deals. Drawing from their experience analyzing over 300 properties across U.S. markets, Anna and Fernando break down the essential components of successful underwriting, from understanding rent comps to knowing your local tax assessor. They also highlight the importance of reliable market assumptions, building relationships with property managers and banks, and how attention to detail can make or break a deal. If you're wondering why your offers aren't landing, this conversation offers practical guidance and tools to sharpen your underwriting process and become more competitive.     [00:01 - 05:00] Starting with “Other Income” The significance of identifying "other income" as a key variable in underwriting. Why this often-overlooked line item can influence deal viability. The importance of being exposed to diverse underwriting perspectives.   [05:01 - 10:18] Meet the Founders of Alpha Peak Capital How Anna and Fernando transitioned from chemical engineers to real estate investors. The importance of mindset and community in scaling a real estate portfolio. Why real-world underwriting experience builds confidence and clarity.   [10:19 - 15:43] Underwriting 101: Known Variables vs. Assumptions What underwriting really involves and the role of knowns vs. assumptions. The importance of recognizing market rent, cap rates, and economic vacancy. How seemingly small data points—like window conditions—can affect outcomes.   [15:44 - 20:00] Tools and Templates: Where to Begin Why there's no need to build your own underwriting model from scratch. Useful tools mentioned: Rand Capital, Synthesis Model, Michael Blank's analyzer. How repeated practice builds reliable rules of thumb in your underwriting.   [20:38 - 23:45] Local Knowledge is Your Edge The importance of PMs and bankers in understanding expense ratios and market rents. How lease terms, seasonality, and dynamic pricing affect rent comps. Why using outdated or generic rent data can derail your deal analysis.       Connect with Anna:   LinkedIn: https://www.linkedin.com/in/ibuybuildings/   Connect with Fernando:   LinkedIn: https://www.linkedin.com/in/fernandoapartments/     Key Quotes:   “The first time I heard that ‘other income' can make or break a deal was from Anna and Fernando. That stuck with me.” - Angel Williams   “People who win deals usually know their markets better than everyone else—and they work harder.” - Fernando Arias     Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

✨Join with us today is Will Coleman of Urban Gate Capital. Will is responsible for the operations and investor relations. Will has 7+ years of real estate investing experience in TX & TN.  In addition, Will has worked as a credit analyst at City Bank and as Director of Finance at Rand Capital, a commercial mortgage brokerage. Connect with Will : Will@urbangatecapital.com Website : https://www.urbangatecapital.com/ Connect with me: https://brickeninvestmentgroup.com/ I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  #commercialrealestate #realestate #brickeninvestmentgroup #realestateinvestment #realestatetips #syndication #buildwealth #propertyinvestments

Join Nick Lamagna as he welcomes guests Jake Stenziano and Gino Barbaro of the famous multifamily investing duo "Jake and Gino."  Jake and Gino are well respected multifamily real estate investors who have a current portfolio of 225 Million Dollars in assets under management.  Gino Barbaro came from a background owning a restaurant with his family and Jake Stenziano came from pharmaceutical sales background and have created amazing success for themselves.  In the true entrepreneur spirit they have extended their successful real estate empire vertically to include Rand Property Management and Rand Capital and Rand Partners as well as found time to become authors and podcasts hosts.  Jake and Gino founded an educational company as well, teaching others to build wealth through commercial real estate as well using their trademarked "Three Pillars System" to safe and effective commercial real estate investing to operators and syndicators looking to start or those looking to scale their business.  Check out their educational programs and live events, podcasts, partnership opportunities and books in the show notes!  Two of the best in multifamily you do not want to miss this one! Topics for this episode include: ✅ The key to long term success in real estate  ✅ What to look for in a good business partner  ✅ 3 pillars to successful and safe commercial real estate investing ✅ Top Mistakes made hiring people  ✅ The truth behind real estate syndications ✅ How to structure creative finance commercial real estate deals ➡️ More! See the show notes to connect with all things Jake and Gino Text Nick today to do some real estate deals together whether you are new or experienced at (516) 540-5733  --- Connect with Jake And Gino: https://jakeandgino.com/ Jake & Gino Podcasts Get Jake & Gino Books and Merch here Jake And Gino on Youtube Jake and Gino on Instagram Jake & Gino on Facebook The Jake & Gino Show Podcast Jake & Gino on LinkedIn Jake Stenziano on LinkedIn Gino Barbaro on LinkedIn Jake Stenziano on Instagram --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Start investing in multifamily real estate without conforming to conventional wisdom, as we have one of the experts in this niche Jake Stenziano on the show today! He'll share why cash flow is king, the value of being aligned with your goals and values, and one piece of advice about your first deal. So, make sure you don't miss out on this special episode!WHAT TO LISTEN FORThe power of determination and perseveranceAn overview of Jake and Gino's 3-step frameworkWhy you should focus on cash flow and the profit per unit (PPU)How to thrive and scale during market downturnsShould real estate investments still be considered alternative assetsRESOURCE/LINK MENTIONEDBe a part of the Multifamily Mastery 5 Conference. Register at https://jakeandgino.com/mm5/ and get a $200 discount!ABOUT JAKE STENZIANOJake Stenziano, MBA, is the best-selling author of two books, Wheelbarrow Profits, and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right™. Jake is a multifamily investor, operator, and mentor. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration. CONNECT WITH JAKEEmail: jake@jakeandgino.comCONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside Capital https://web.facebook.com/Citysidecap/Follow us on Instagram: https://www.instagram.com/citysidecapital_tim_lyons/Connect with us on LinkedIn: https://www.linkedin.com/in/tim-lyons-cityside-capital/Connect with us via Email: greg@citysidecap.com | tim@citysidecap.com

Will Coleman is the founder & CEO of Urban Gate Capital, a real estate hard money/private capital lending company. Will is responsible for the operations and investor relations. Will has 7+ years of real estate investing experience in TX & TN. In addition, Will has worked as a credit analyst at City Bank and as Director of Finance at Rand Capital, a commercial mortgage brokerage. Looking to learn more about these types of passive investments and to get involved? Connect with Danté or DJ visit victorycapgroup.com Dante Belmonte is a Licensed Real Estate Salesperson with HUNT Real Estate ERA in New York State.

Reconnecting with an old partner can bring on great inspiration, today's episode I will be interviewing a good friend and business partner Will Coleman. We worked side by side, learning the real estate business and closing deals together for a few years. Will is here to tell us about his leading company, with the focus of closing deals faster and smarter.(Have Dylan confirm if this is okay, as it isn't their motto per say). He has a lot of insight that will help you find your start and aid in current affairs, so grab a seat and enjoy this episode of Operators & Allocators! A little bit about our guest,  Will began his real estate career in 2016 by investing in and self-managing single family properties in the DFW market. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst underwriting over $50MM in transactions. Will then worked at Rand Capital as Director of Finance running a commercial mortgage brokerage that closed over $24MM in loans within the first 14 months. In 2020 Will formed UrbanGate Capital, a hard money lending business in TN with his business partner Brandon Thornberry which has successfully raised and lent out $5MM in its first year.   Take a look at some of the topics in this interview 00:00 Intro 02:59 - Will Coleman's start 14:00 - Will shares his companies product 18:20 - Will's long term strat 21:56 - Which advantage complements your strategy? 26:26 - What is the value and who is the target? 36:16 - unpopular opinion 38:36 - Will's learning lesson  43:07 - Dylan's & Will's motivation   Will Coleman's socials   Website https://www.urbangatecapital.com/ Email will@urbangatecapital.com    Learn more about the podcast and it's presenters at: https://therequitygroup.com/ Register to Invest with The Requity Group: https://investors.appfolioim.com/trg/investor/request_access Learn more about the podcast and it's presenters at: https://therequitygroup.com/ Register to Invest with The Requity Group: https://investors.appfolioim.com/trg/investor/request_access

Gino Barbaro is an investor, business owner, author and serial entrepreneur. He has grown his real estate portfolio to over 1,500 multifamily units. Gino is a Certified Professional Coach. Together with his partner, Jake Stenziano, Gino founded multifamily investing framework, Jake and Gino multifamily educational program that teaches people how to Buy Right, Manage Right & Finance Right. They are also hosts of The Jake & Gino Podcast, founders of Rand Capital and Rand Partners. They co-wrote the best-selling books “Wheelbarrow Profits” and “The Honey Bee.” Hungry for more of the How in real estate investing? Visit www.ezfiuniversity.com for in-depth articles and webinar recordings to start down your own road to Financial Independence. 1. Listen and Learn on our Podcast, "10,000 Roads to Financial Independence": https://bityl.co/4l3z 2. Subscribe to our channel: https://ytube.io/3C4F 3. Check out more about Gino at https://jakeandgino.com/about-gino/ 4. Subscribe to the Jake & Gino Podcast http://jakeandgino.wpengine.com/subscribe/ 5. Get your Free PDF copy of Creative Cash by emailing Gino: gino@jakeandgino.com 6. Find out more about Multifamily Mastery Oct 2021 at https://jakeandgino.mykajabi.com/store/kKXzSrfV About Elisa Zhang: I am an owner and principal of over 1,000 apartment units across the USA. I'm an educator, an artist and a mother of two beautiful children. I am on a mission to help motivated individuals make money while they sleep and retire faster than they dreamed. What makes me so confident that I can guide someone to achieving this goal? It's the exact process I used to replace my annual full-time corporate income of over $200K. I came from the IT world and focused on leveraging the power of real estate investing to form passive streams of income that now funds my family's life, independent from working at a day job. Why keep this all a secret for myself? Sharing the formula for Financial Independence is my way of showing gratitude and adding more value to the world.

Will Coleman, Director - Finance at Rand Capital, decodes Multifamily Real Estate financing, which is probably one of the most significant aspects for anyone who is interested in starting with real estate investing. Hungry for more of the How in real estate investing? Visit https://www.ezfiuniversity.com/ for in-depth articles and webinar recordings to start down your own road to Financial Independence. 1. Listen and Learn on our Podcast, "10,000 Roads to Financial Independence": https://bityl.co/4l3z 2. Subscribe to our channel: https://ytube.io/3C4F 3. Check out more about Will Coleman and Rand Capital: https://randcre.com/ About Elisa Zhang: I am an owner and principal of over 1,000 apartment units across the USA. I'm an educator, an artist and a mother of two beautiful children. I am on a mission to help motivated individuals make money while they sleep and retire faster than they dreamed. What makes me so confident that I can guide someone to achieving this goal? It's the exact process I used to replace my annual full-time corporate income of over $200K. I came from the IT world and focused on leveraging the power of real estate investing to form passive streams of income that now funds my family's life, independent from working at a day job. Why not keep this all a secret for myself? Sharing the formula for Financial Independence is my way of showing gratitude and adding more value to the world.

Mike is the Asset Manager at Rand Partners where he is responsible for overseeing over $100M assets under management and has acquired over $15M in commercial real estate. Mike collaborates with Rand's vertically integrated property management team to ensure the execution of the portfolio's business plan. Mike is actively pursuing new opportunities within the market and developing relationships with investors. Before joining Rand Partners, Mike worked 5 years professionally in accounting. He worked at EY in Detroit and with Dan Gilbert's startup community Rock Ventures such as 100 Thieves, Woodward Original, and Detroit Venture Partners.Show Notes: www.tylercauble.com/podcast/episode006

Expanding your real estate investing into multifamily space can be exciting and can be risky at the same time. Especially in this time of the pandemic, it's hard for a lot of investors to finance their properties. Regardless of the current situation, you still have ways to access funds if you're new to commercial or multifamily space. An example of this is commercial lending which allows you to borrow funds from a financial institution or private real estate loan companies. In this episode, you'll get to learn more about the lending and loan process, as Will Coleman explains how it works for investors, things that you must take to qualify, and your obligations as a borrower.What You'll Learn From This Episode:Will's Background and How He Started in Real Estate InvestingHis Transition from Single-family to Multifamily Commercial Real EstateBenefits of Multifamily Investing and Commercial Lending SpaceChanges Commercial Lending Because of CovidSteps Need to Take for New and First Time Investors to Qualify for the LoansHow Reserves Works and its Role for Lenders to Mitigate RisksImportance of Communication and Honesty in Building Trusts Between Investors and LendersThings that Investors Need to Provide to Lenders to Qualify for the LoanDifference Between Recourse and Non-Recourse LoansBiggest Challenges in Building Up a Mortgage BusinessTimeframe for Loan Qualification ProcessControlling Your Emotions and Aggressiveness to Secure Your Success in Real Estate InvestingAdvantages of Reading Books in Solving Your Business ProblemsGuest Bio:Will Coleman, began his real estate career in 2016 by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. He now works as the Director of Rand Capital, a mortgage brokerage which focuses on finding the ideal financing on apartments and mobile home parks. Website: https://randcre.com/To Download Personal Financial Statement: https://jakeandgino.mykajabi.com/pfsEmail: will@randcre.comTo Connect With Us:Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!Sponsor:Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit https://mypodcast.website/ and Schedule a call with Adam A. Adams

Will Coleman, began his real estate career in 2016 by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst. Will now works as the Director of Rand Capital, a mortgage brokerage which focuses on finding the ideal financing on apartments and mobile home parks.  Will Coleman, Director of Rand Capital started his career by being the analyst behind the debt at a bank and seeing how decisions are made. Will used this experience when investing in his own properties, to see what the lender sees and what the investor sees and incorporating it. He shares his views on single family in comparison to multifamily and how starting out as a single family unit owner has shaped his view on multifamily. Will shares his view on how he stepped into larger multifamily units from the single family space and how education must play a huge role in it. Both Gino and Will share their behind the scenes knowledge of lending, what banks and brokers look for, and some intimate knowledge of how lenders operate in regard to newer investors. Will also shares his first hand experience of the up-sides investors get in relationships with community banks in the real estate space, the assistance that they may be willing to provide and the risks they take on newer investors. https://jakeandgino.com/resources/ 7 questions to qualify the lender: Acquisition Document Request: Personal Financial Statement:   “Are you working hard for your money or is your money working hard for you”   If you’re looking to finance a deal, email will and he’ll walk you through the process.    Will@randcre.com     To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

In 2016 Will began his real estate career by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst being responsible for accurately underwriting the credit quality of borrowers, properties, and markets in Texas. Currently, Will is the Director of Finance at Rand Capital, and host for the Rand CRE Podcast. Connect with Will: Will@randcre.com LinkedIn   Youth Academy by Jake & Gino: Go to This link and use code "DEREK" at checkout to save 50%  

Gino Barbaro spent 25 years as a chef and restaurateur before pivoting to real estate and building a multi-faceted empire, including a $100M+ multifamily portfolio, Rand Capital, Jake & Gino, and the highly-rated Wheelbarrow Profits Podcast. He's a professional coach, teacher, and speaker. Gino and Mark sit down for an epic discussion, touching on a range of topics including financial freedom, developing your passion, navigating partnerships, and when to check your emotions at the door.  Find Show Notes and more at https://bit.ly/2ZEKfUS

Today’s Guest of Movers & Shakers is Jake Stenziano.   In this episode Josh & Gino cover: Being able to choose a profession based on your passion because you know how to make money work for you. How pushing the chips all in can help create success You only live once - the time is going to pass, what are you going to do with it is the question. Why Consistency may be the most important trait for success.   Jake’s Bio: Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee.  He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right.   Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners.  Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration.   As a creator of the multifamily investing framework, Wheelbarrow Profits, Jake is a leading expert on investing in and management of the multifamily space and currently owns over 1500 multifamily units.   He currently resides in Knoxville, TN with his beautiful wife Whitney and their two children. If you’d like to find out more about how you can become a part of the Jake & Gino family to work hand in hand with our team to build you business please go to www.JakeAndGino.com/apply to learn more.

Jake Stenziano, is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration. As a creator of the multifamily investing framework, Wheelbarrow Profits, Jake is a leading expert on investing in and management of the multifamily space and currently owns over 1500 multifamily units. He currently resides in Knoxville, TN with his beautiful wife Whitney and their two children. Want to achieve MONUMENTAL results in your life and business? Let’s hop on a call! Visit coachwithevan.com to see how we can best help you unlock your full potential, get your start in multifamily investment or development and make massive impact. Leave a review for Monumental on iTunes: https://bit.ly/eholladay Subscribe to the podcast and emails from Evan: https://evanholladay.com/ Follow Evan on Instagram: https://www.instagram.com/evanholladay/ Follow Evan on Facebook: https://www.facebook.com/EvanHolladay/ Follow Evan on Twitter: https://twitter.com/EvanHolladay Contact Evan: https://www.evanholladay.com If you have questions on podcasting and creating a thought leadership platform, shoot me a text at 502-627-0501! I want to help!

Join Duc and Vince as they chat with Jake Stenziano about scaling through better systems and vertical integration. Jake is the best-selling author of ‘Wheelbarrow Profits” and “The Honey Bee” and the co-founder of Jake & Gino, the only multifamily real estate investment education company. He shares some valuable tips on how to invest in and manage a multifamily space so stay tuned and enjoy the episode!  Multifamily is a Long Game For those who are considering entering this industry, Jake stresses that multifamily is a long game. You have to make sure you are in it for the long haul. For him, it is important to not rush the process especially in the beginning. Jake shared how he and his partner Gino focused on two to three deals a year to make sure that those deals are going to make sense and work for their group. They focused on quality, fulfillment and service, and it paid off!  About Jake Stenziano: Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration. Outline of the Episode: - Jake shares an interesting phenomenon that opened his eyes to the potential in real estate. - The beginning of his partnership with his co-founder Gino Barbaro - The reasons behind why they decided to go the multifamily syndication route. - Jake recounts the biggest challenge they've encountered in their business so far. - Multifamily is a long game and you should not rush the process. - Keeping their business going despite the COVID-19 pandemic. - There is a multiplier effect when you bring people with complementary skill sets to work together. - How to determine if scaling vertically is right for you? What questions should you ask yourself first? -Jake talks about the business ecosystem they created which they call The Rand Powerwheel. - Tips and tricks on how to increase the NOI when acquiring a property - Jake talks about his favorite book "Atlas Shrugged" by Ayn Rand - What does Jake consider as his superpower? - The importance of getting clarity through all levels of your business - To win in multifamily, you have to be in the game for the long haul! - Jeff's gives his advice for busy working professionals who would like to achieve financial freedom.  Resources: ·        Jake & Gino ·        "The Honey Bee" by Jake Stenziano & Gino Barbaro ·        "Wheelbarrow Profits by Jake Stenziano & Gino Barbaro ·        "Atlas Shrugged" by Ayn Rand ·        Francisco d'Anconia's 'Money Speech' from "Atlas Shrugged"   Connect with Tri-City Equity Group! ·        YouTube ·        Facebook ·        Instagram ·        Website ·        LinkedIn

Will Coleman is the Director of Finance for Rand Capital. He focuses on Non-Recourse debt options for multifamily assets nationwide. Will graduated from Liberty University with a Bachelor of Science in Business Administration: Economics. In 2016 he began his real estate career by investing in and self-managing single family properties in the DFW market while working in property management for Greystar Real Estate Partners. In 2018 Will began working in commercial lending at City Bank as a Credit Analyst being responsible for accurately underwriting the credit quality of borrowers, properties, and markets in Texas. Reach Will at www.randcapllc.com or email Will@randcre.com

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.  Gino Barbaro is an investor, business owner, author and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right. Manage Right & Finance Right. He is the best-selling author of two books, Wheelbarrow Profits and Family, Food and the Friars, and graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach.   Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration. As a creator of the multifamily investing framework, Wheelbarrow Profits, Jake is a leading expert on investing in and management of the multifamily space and currently owns over 1500 multifamily units.  In this episode, Jake and Gino shared their story on how they started in real estate, from investing to educating to syndicating, property management, mortgages, how they do everything at once and how their bond, partnership, professionalism help them to reach their financial freedom and building their $100M Real Estate empire. We also discussed how they manage tenants, properties, their company in this coronavirus time, and many MORE!  Enjoy the show!  Quotes:  “ You as the leader have to show that there's light at the end of the tunnel" "For me, a partnership is somebody who takes it to the next level" “You have one at a time, you learn how to do it, you grow, and you go to the next one” “I'm willing to share what I know and I know in return people are going to teach me a lot”      Resources and Links:  Biggerpockets  Jake and Gino Website  Jake and Gino Honeybee  The Honeybee 

Gino Barbaro is an investor, business owner, author and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units worth over $100million. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right and Finance Right. He is also the best-selling author of three books Wheelbarrow Profits and Family, Food and the Friars, and The Honey Bee: A Business Parable About Getting Un-stuck and Taking Control of Your Financial Future. Today Gino takes us through how after growing tired of running a restaurant and with his partner Jake Stanziano, a pharmaceutical sales rep, he bought a mom and pop apartment complex with $60,000 and turned it around. They then refinanced nearly $180,000 out of the property to buy another while maintaining ownership of the original property. They repeated this process they call Refi and Roll over and over and where able to build a $100 million portfolio of 1400 apartment units in 5 years. They have since branched out into what Gino calls multifaceted multifamily where they have an education company, Jake and Gino to help teach other investors the business, a property management company, Rand Property Management, a capital company, Rand Capital, a syndication business called Rand Partners and several podcasts. Today Gino shares his journey, the process, the importance of finding the right partners, having the right mindset and his passionate belief that education times action equal results.    This podcast is edited and managed by Derrick Michaud Shelby Row Productions, LLC www.shelbyrowproductions.com

Today we're joined by Dylan Marma. His journey from college dropout to Director of Acquisitions with Rand Capital is a truly bold one. Dylan began his real estate investing career in 2015. In early 2018, he joined the team at Rand to expand into additional markets throughout the Southeast. At the age of 25, he owns and operates more than 500 units. Find out what it takes to raise capital, cut the fat from any project, effectively manage properties, scale up and hit that first 50 million, here. Show Note: Rand Partners LLC's motto is “Buy Right, Finance Right, Manage Right” and they currently have 1,437 units or 92$ million assets under management.

Dylan interviews Rand Capital’s newest team member Mitchell Stogner to discuss the 2019 Financing Year-End Review.  Mitchell has worked with a diverse group of real estate investors and developers during his previous role as a commercial loan officer throughout the SouthEast. Whether it be new construction, renovation, acquisition or refinance, he ensures debt be structured and tailored to meet a client’s specific needs, financing over $250M in deals. Mitchell is focused on the relationship and believes it outweighs a simple transaction.  2019 Year-End Review Q1 2019 had a lot of deals come from 2018 due to agency running out of funds Summer 2019 rates got cut and investors take advantage of the favorable rates Always make sure you have a backup plan that aligns with your business plan Private label products emerged in June-August due to Fannie and Freddie reaching their lending limits again Bridge Lending has also emerged starting Q3 It is vital to make sure you know your exit out of the bridge loans Expert Pro Tip: Have your financing team in place for 2020   Contact Information: Mitch@RandCRE.com   For more information/to connect with Rand CRE: www.randcre.com   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/     Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Twitter: https://twitter.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre  

Nick Chapman of randcre.com discusses financing for multifamily syndication and how the process of raising capital affects the ability to get a loan and what the parameters for qualification is. He discusses his background in the full episode and goes into the creation of Rand Capital. Furthermore, he talks about working with Jake and Gino and the vertical integration of Rand Partners. 

Nick Chapman of randcre.com discusses financing for multifamily syndication and how the process of raising capital affects the ability to get a loan and what the parameters for qualification is. He discusses his background in the full episode and goes into the creation of Rand Capital. Furthermore, he talks about working with Jake and Gino and the vertical integration of Rand Partners.   visit randcre.com

Dylan Marma and Mike Taravella interview Rand Capital’s Nick Chapman to discuss the financing cash flow levers to maximize cash flow with agency debt. Interest Only Allows for more velocity on your capital to hit IRR targets and preferred returns You leverage the interest-only period to reinvest into the property in the form of capital expenditures (Capex) Case Study Loan: $3M Loan Interest Rate: 4.25% Cash Flow Savings of $50,000   Longer Amortization Period Longer amortizations allow for more favorable Debt Coverage Ratios Case Study Loan: $3M Loan Interest Rate: 4.25% Amortization: 30 years Cash Flow Savings of $18,000 Higher Leverage Share the upside with investors by having your lender take on the risk Investors can still have capital to invest in other deals “Let your lender be your biggest partner” - Nick Chapman Expert Tip of the Day: When refinancing out of bridge debt, if you are doing a rate and term refinance you can go up to 80%, if you are doing a cash out refinance you can go up to 75%.   Contact Information: Nick Chapman’s Email Rand Capital Website   Invest with Rand Partners  Follow Us on Linkedin @Randpartners Follow Us on Instagram @Randpartners Follow Us on Facebook @Randpartners

Nick Chapman Nick spent 15 years in the lending side of banking. Originally focusing on residential mortgages but as a result of the financial collapse in 2008, he transitioned to business banking and was recruited to work for one of the largest privately held lenders in the country. Shortly after being introduced to Jake and Gino through some mutual friends in the real estate industry, https://randcapllc.com/ (Rand Capital) was created as part of the Jake and Gino family of companies. Our goal is to serve our community of students with education about the different lending options available in the market along with providing financing for every deal possible. Key Points How and why banks lend on commercial real estate Agency debt – Fannie Mae and Freddie Mac – how they work CMBS – commercial mortgage-backed securities What lenders require and look for when lending on commercial assets How a commercial real estate broker can help you get the best financing  Agency lending limits – how that impacts investors Interest-only terms, non-resource, and other unique features of commercial loans Commercial Lending Resources https://randcapllc.com/ (Rand Capital LLC) Email Nick at Nick@RandCapLLC.com for a white paper

Dylan Marma and Mike Taravella interview Rand Capital’s Nick Chapman to discuss Fannie and Freddie’s Q4 2019 updates. Fannie & Freddie increases their loan caps $100 B  Allows for more investing to end Q4 2019 Requirement to receive the best possible financing In Market Ownership Ownership Experience Network & Liquidity Healthy T12 and T3 financials High Quality Asset   Contact Information: Nick Chapman’s Email Rand Capital Website   Attend Multifamily Mastery 3 and use the discount code “RPFAM” for 20% off!   Invest with Rand Partners  Follow Us on Linkedin @Randpartners Follow Us on Instagram @Randpartners

Dylan Marma and Mike Taravella interview Rand Capital’s Nick Chapman to discuss Fannie and Freddie’s lending limits for 2019 and the uptick in alternative funding sources. These alternative funding sources are CMBS and Private Lenders. CMBS: Very common funding source for office space, but becoming more common in the multifamily space Minimum Loan Amount: $3M Loan-To-Value (LTV): 75% Can have higher LTV by leveraging mezzanine debt (85%) Loan Term: 5 and 10 year terms  30 year amortization Less flexible compared to Fannie & Freddie Similar requirements to Fannie & Freddie when it comes to closing Closes just as quickly as agency and in many cases faster Fixed Rates, which are based on Swap Rates Application Fee is $45,000 But you do receive most of that back regarding  Potential for Full-Term Interest Only Mortgage at 65% LTV - From 1-3 yrs at a higher leverage to full term I/O at 65% LTV   Private Lenders: Nondepository bank that is privately held Minimum Loan Amount: $1M Loan-To-Value (LTV): 75% Can have higher LTV by leveraging mezzanine debt (85%) Loan Term: 5 and 10 year terms  30 year amortization Nonrecourse Closing Time: 30-60 days depending on complexity of deal Requirements: Net Worth Requirement: 20% of the loan amount Post-Closing Liquidity: 5% of the loan amount  ~50% half of what agency debt requires Much more favorable for new investors   Attend Multifamily Mastery 3 and use the discount code “RPFAM” for 20% off!   Contact Information: Nick Chapman’s Email Rand Capital Website   Invest with Rand Partners  Follow Us on Linkedin @Randpartners Follow Us on Instagram @Randpartners Follow Us on Facebook @Randpartners

Nick spent 15 years in the lending side of banking. Originally focusing on residential mortgages but as a result of the financial collapse in 2008, he transitioned to business banking and was recruited to work for one of the largest privately held lenders in the country. Shortly after being introduced to Jake and Gino through some mutual friends in real estate, Rand Capital was created as part of the Jake and Gino family of companies. Nick’s goal is to serve our community of students with education about the different lending options available in the market along with providing financing for every deal possible.   He speaks with us about community banks, Fannie & Freddie, yield maintenance and having skin in the game.   randcapllc.com The Rundown Money Mixer - Knoxville Buy Right Bootcamp - Atlanta Education x Action = Results Building Culture Rand Capital Golden Age of Multifamily Financing Mortgage Business Pros When To Call What to Look For Underwriting Document Prep Being Prepared Residential vs Commercial Lending Grey Areas Community Banks Fannie & Freddie Changes in the Mortgage Industry Syndication Skin In the Game Rate Trends Yield Maintenance Term Length Step Down Basis Points Keeping Lenders Honest Moving The Needle Starter Tips Proof of Life Book Recommendations Key Takeaways     Subscribe to our Youtube Channel for lots of great content!   Get tickets to our next Multifamily Mastery Event in Orlando!

Episode 4 of the Wheelbarrow Profits series: Rand Partners Podcast where we provide a quick hit of Multifamily education weekly!  Jake Stenziano and Dylan Marma host this sub-series which is designed to educate you in a short period of time, whether on the subway, driving to work, or on a jog. We’ve created this series to give actionable content that is quick and to the point.   [0:00:01] Jake Stenziano: All right, dude. You ready?   [0:00:02] Dylan Marma: Ready.   [0:00:04] Speaker 3: Welcome to the Wheelbarrow Profits podcast, Rand Partners edition.   [0:00:16] Jake Stenziano: Hello, everybody. This is Jake Stenziano, host of the Rand Partners Podcast, your quick hit for multifamily education weekly. Today I'm joined with Mr. Rand Partners himself, the D-Dog, Dylan Marma. Dylan, how's it going?   [0:00:25] Dylan Marma: Always making it happen, Jake.   [0:00:27] Jake Stenziano: Hey, we got a good one for you today. We're continuing with the framework. Today we're talking finance right, and we're going to take a deep dive into something that we use all the time, the Freddie Mac Small Balance Loan program, Freddie Mac SBL. You may hear that getting thrown around a lot. This is a fantastic program. I think it was designed to compete head-on with the community banks, and over the last few years, it's really got some traction. I mean, we probably do four or five of these things a year, and it's just a really good program to allow people to scale deals that may not have been traditionally a conventional Fannie deal. I think the key to it is you can take a million to two-million-dollar deal now and get great nonrecourse financing for it, so you're not going to be maxing out your community bank and hitting with their loan requirements. So, I think the first thing that we want to touch on here is what is it going to take to get into one of these deals. Typically, we know that they're looking for a net worth requirement equal to the loan amount, so this can be pooled together amongst yourself and your partners, and liquidity up to nine months of principal and interest. Dylan, anything else in regards to these pieces or just the program before we get into the top headlines here?   [0:01:50] Dylan Marma: Yeah. So, the Freddie Mac SBL program came out just a few years back, and since launching, it's taken a huge market share. It's an extremely attractive financing option for people that play in the space. With the smaller deal size, typically the program maxes out around six million dollars, in some cases up to 7.5 million. For a long time, the conventional loan would not finance in that deal size, so you were stuck looking for alternative options, usually having to take on recourse financing, usually at a higher interest rate. So, you're taking on these risks of your debt options in a smaller field, so since Freddie Mac launched the SBL program, it's became really the staple for this deal size, for something that's stabilized. Today we wanted to share with you just a few of the things to look for to make sure that your deal is right for the Freddie Mac SBL program. I know we've closed on a few of these, in terms of refinances, over the past couple months, and then with Rand Capital, the loan brokerage arm, we actually have two of these that will be closing next month, so we're seeing them left and right, and it's a very common tool in our business.   [0:02:54] Jake Stenziano: Yeah. So, one thing for our group personally in-house that we were facing is there's these thresholds that you'll hit with community banks, and I think our bank can go up to somewhere between 10 and 15 million dollars, but if you're doing the volume that we do, you're going to hit that really quickly, so you're going to have to get maxed out, and keep going and developing these relationships with community banks, and you're getting recourse financing time and time again, so this gives you the ability to get that debt off your balance sheet, and actually have one-stop shop. You can continually go back to your broker and do deal after deal, after deal, nonrecourse, and really build a nice portfolio. The loan size, though, it between one million and seven-and-a-half million, but there's some kind of nuances in there because it's typically one to six, but isn't there something between the six and seven-and-a-half-million-dollar range to get you up, Dylan, at that point?   [0:03:47] Dylan Marma: Yeah. So, if it's less than a hundred units, then often it will go up to 7.5 million.   [0:03:54] Jake Stenziano: So, think about that. That's like your San Franciscos, your New Yorks, if you have some really high-price-per-door units that they're giving some leniency there. Right?   [0:04:03] Dylan Marma: Right. So, a lot of the terms that we're going to cover today are really market-dependent. The debt coverage ratio is market-dependent. The loan-to-value can be market-dependent. So, again, this is stuff that you want to consult with your loan broker on to make sure that when you're looking at a new market, you can properly underwrite to the specific terms that are going to be best fitting for each deal.   [0:04:23] Jake Stenziano: Yeah. So, probably most markets are, especially if you're in the Southeast, you're probably looking between that one and six-million-dollar mark, but check just to make sure. This is loan amount. This is not the value of the property, so keep that in mind. So, you're going to have to look at your loan-to-value when you're calculating this.   [0:04:39] Dylan Marma: Correct.   [0:04:40] Jake Stenziano: Yeah. Go ahead.   [0:04:42] Dylan Marma: So, just wanted to make a minute to talk about the terms and the amortization. So, as far as terms are concerned, when you're looking although Freddie SBL, typical you have either a five, a seven, or a 10-year fixed rate loan, and you can also do up to a 20-year hybrid adjustable rate after your five, seven, or 10-year fixed rate burns off, and then in terms of amortization, it's almost always a 30-year amortization, and you also have the opportunity to receive some interest only, which we always love to take advantage of. So, if you have a five-year loan, you oftentimes can get a year of interest only. With seven years, you can get two years, 10 years, up to three years of interest only.   [0:05:29] Jake Stenziano: Yeah, and what we... The most common deal that you're going to see here is a 10-year terms with a 30-year amortization, and then you're going to have to negotiate, okay, what is the prepayment? Are we going to do a step-down prepayment, or are we going to do something that is referred to as yield maintenance, which if you're going to do yield maintenance, you're really going to want to hold the property and know that you're holding it for the full 10 years so you don't get hit with an owner's prepayment. With the step-down, everything is connected with the prepayment that's going to effect the interest rate. The term is going to effect the interest rate. So, typical again is 10-year term, 30-year AM. If you're syndicating the deal, you're probably going to want to do a step-down, and the loan-to-value we've done up to 80%. Three deals ago it was 65%, and that was just based on where the deal was at takeover. It was a high-evaluate deal. If you're getting into something that's very stabilized, you're going to be able to do better. You're probably going to be able to get up closer to that 80% loan-to-value, but I think even on the website you're seeing they're advertising what, 75% LTV at this point?   [0:06:35] Dylan Marma: Yeah. You see, it says on the website 75% of acquisitions, but we've definitely received on that 80%, so anything, a lot of this is going to be dependent on the market, and that you also have DCR constraints. So, the DCR, if you're in the top SBL market, you're at a 1.2 DCR. If you're in a standard market, more often than not we see a 1.25 debt coverage ratio requirement. If it's a smaller market, could be 1.3, and if it's a very small market, it can be up to 1.4 with the DCR, and on the very small and the small market, you also have the maximum LTV getting capped out at roughly 70%.   [0:07:14] Jake Stenziano: Yeah. So, when it comes to the rates, this is going to be a big point of negotiation, and this is going to be something that you're going to work on with your broker. These are typically updated weekly. I think the rate sheets come out, something like that, on Tuesdays or whatever, so you're going to want to be continually checking these, seeing what the rates are. I think they typically flow around 200 basis points over 10 years or something like that, maybe a little bit less, just depending where things are, but that's going to be something you're going to want to check on frequently. The interest only is another one. If you get less interest only, you're probably going to get a better rate. If you go for-   [0:07:48] Dylan Marma: Yeah. It's 10 basis points, 10 to 15 basis points for every year of interest only.   [0:07:52] Jake Stenziano: Yeah, and if you're going for three years interest only, that's going to have an impact on your rate. So, all of this stuff is connected, so before you're having that conversation with your broker, you're going to want to try to understand what are my goals here, what are my objects, am I holding long-term, do I want to get the yield maintenance, am I going to hold it for five to six years and then sell it, so I want to get the step-down, and I maybe only need two years interest only. These things are all intertwined and connected, so you really got to understand what your priorities are, and what you're going to be doing with the deal over the next five to 10 years so you can structure your debt correctly.   [0:08:29] Dylan Marma: Absolutely. So, one last point here I want to just touch on, which properties will not qualify for the Freddie SBL, and then we'll move onto the next section here. So, as far as ineligible properties, you have senior housing. You have student housing with greater than 50% concentration, military housing with greater than 50% concentration. You have [LayTech] properties with LURAs. A lot of the affordable housing properties will not qualify for this. Then the other thing you have to make sure of is that your property is stabilized on a trailing three-month average, so you have to see at least 90% occupancy to make sure that they're will to finance it with this. So, this is not for the heavy lifting deals that are low occupancy. You have to make sure you're buying a product that's somewhat stabilized in the first place.   [0:09:19] Jake Stenziano: One thing that they've done recently is they've allowed for scattered site communities. Now, what is a scattered site? We own a fair amount of scattered site communities, and it's just been our structure. We may own a 50-unit over here, and then a few miles away we may own another 50-unit. So, what they're allowed you to do is pool these scattered site communities if they have the management stay under one roof, and then actually do a deal with the scattered site communities. We have a few of them that really run out of one management office. It's the same manager, essentially manage them as a larger complex, even though they may be a mile or two apart. That was huge for us because every time you got to do another loan, it's more paperwork, it's more bureaucracy, it's more cost, so the fact that they've allowed us to start doing these scattered sites has been fantastic, and we've really used that well. I think the key is that the Freddie Mac program really is targeting the community banks. They're going after them hard. It's nonrecourse. It's better rate. It's better amortizations, and I think it allows people in this one-to-six-million-dollar loan amount size really scale their business and build a multifamily business with some of these smaller properties, and I'm a big fan of it. We use it all the time, and it's done really well for us. Anything before we move on, D-Dog?   [0:10:36] Dylan Marma: No, that's about it. I think if you want to make sure that you're getting a rate sheet every week, they should release a rate sheet so you can get those once a week. We actually have those available through Rand Capital. If you go to randcapllc.com, you can actually start the conversation there, and you'll be put on the mailing list to receive our weekly rate sheets.   [0:10:57] Jake Stenziano: All right. Let's take a quick timeout to hear from our sponsor.   [0:11:01] Speaker 4: Here at Rand Partners, we believe in partnering with professionals while investing into multifamily. There is a huge learning curve and a lot of time that goes into quality multimillion-dollar apartment complexes. We offer the opportunity to create true passive income through partnership. Earn while you learn through our monthly webinars and detailed quarterly updates. We offer a high level of communication, transparency, and target north of a 15% average annual return on each investment. To partner with Rand through investing with us, visit randpartnersllc.com to register for our investor portal, view upcoming deals, and set up a call with our team.   [0:11:46] Jake Stenziano: All right, and we're back. So, this is the fun part of the show here. We got our weekly question from the listeners. Who do we got today?   [0:11:55] Dylan Marma: Oh, we got a good one here today. We have Mr. Bell. So, his question today is, "Can you explain your eviction policies and procedures?"   [0:12:04] Jake Stenziano: Yeah. We keep it right down the fairway. There's law in every state that we work in, and I think the most important thing is the just always be on the right side of right here, and follow what the law says. So, if we look at Tennessee, for example, it's a 14-day eviction. So, there's a grace period between the 1st and the 5th. On the 6th, the resident will be given a notice, so they'll have 14 days to basically come through and get their debt cleared up, and if not, then after that 14 days, we will file for the actual eviction through... We use something called Nationwide Evict. It actually is a great scale system thing for those out there that are self-managing. I would look at this Nationwide Evict. It ties right in with our attorneys so that the attorneys that actually process the eviction, all we got to do is go on, type it up, they'll send it out, and they'll actually get it posted, and then from there it's very systematized and handled. We still have to have our community manager show up to court and go through the process, but it's fairly efficient, and that's part of the reason also we operate in the Southeast, be they're not... 90 days to evict someone, and they haven't given you money. I firmly believe in the pay-to-stay program where we're providing a service, and we need to be paid for it. It's the same thing if you go to the grocery store and you buy a gallon of milk. You need to give the $1.50 for the gallon of milk at time of purchase. We're actually held up as landlords having to wait a lot of times for this stuff when it is the responsibility of the resident to make sure that they're held accountable and paying their way. So, again, really just try to keep it right down the fairway, make sure we're following to the letter of the law, and then just allowing the system to handle it when it's gone past any reasonable accommodation.   [0:13:54] Dylan Marma: You heard it straight from the operator.   [0:13:56] Jake Stenziano: Straight from the operator.   [0:13:58] Dylan Marma: But yet, same thing. It's just like with the loans, is everything is very market-specific, state-specific, so when we're looking at new markets in new states, we're always making sure to look at what the laws and the policies are for evictions, because we do want to primarily invest in what we consider to be landlord-friendly environments.   [0:14:17] Jake Stenziano: Yep, and again, guys, this is not meant to be any type of legal advice. Make sure you contact your attorney and follow what they say, and typically these things will work themselves out. So, D-Dog, take us home.   [0:14:31] Dylan Marma: All right, guys. Well, thanks for joining us here, today's call. As far as if you have questions and you want to get your questions answered, make sure to visit randpartnersllc.com. You can go and check out the podcast tab, and then you can go click on ask us anything, type in your question, let us know who you are, where you're from, and we'll be happy to follow up on future episodes.   [0:14:51] Jake Stenziano: Thanks, everyone.   [0:14:52] Dylan Marma: Take care, guys. [0:14:53]

Dylan Marma from Rand Capital joins us this week to tell his story about how he got started in real estate and how he made his way to Rand Capital to do large multifamily investing. If you haven't heard of Rand Capital, it is the investment company behind Jake and Gino and Wheelbarrow Profits.    Dylan's story is a great example of what focus and hard work can achieve in this industry. He started by moving across the country and joining a real estate education company, where he became their youngest director of sales, then began building his portfolio of single family homes. Before too long, he realized that multifamily investing was the direction he wanted to go. Be sure to tune in to the podcast to hear about how he connected with Jake and Gino.   If you haven't listened to the Wheelbarrow Profits podcast or any of Jake and Gino's other education material, definitely go check them out!

7 years ago, Jake Stenziano, a drug rep from Rochester, NY moved to Knoxville, TN. Gino Barbaro, a restaurateur in Mahopac, NY was reaching the end of his rope. Both craved financial freedom and were determined to achieve it. Introduced by Ginos brother, Mark they quickly hit it off and in 2013 made their first investment, a 20 unit deal in Knoxville. Since then, they’ve amassed over 1,100 units worth $75M. In 2014, they started the property management business focusing on customer service. The education program, Jake & Gino and the Wheelbarrow Profits Podcast came next in 2015. 2018 has been a banner year as well, eclipsing the 1000 mark, founding Rand Partners the syndication company and Rand Cares, a charitable organization focused on feeding hungry children. And 2019 doesn’t look to be slowing down as we look forward to Rand Capital, the live event in Orlando and much more! In this episode, the guys reminisce about those years, talk about the mistakes they made as well as the wins they had. They talk ideas for the coming year as well as the future at large. jakeandgino.com Register on the investor portal and fill out the investor portal form: Create an Account – Rand Partners Subscribe to our Youtube Channel for lots of great content! Learn More About Our Mentorship Programs Get tickets to our next Multifamily Mastery Event in Orlando!

Download This Awesome Podcast: http://bit.ly/2LGntre Have you ever been on the chopping block at work and unsure of your future job setting. Well how about seven years of avoiding layoffs ? That's what Jake Stenziano faced as a pharmaceutical drug rep and why he decided that he had to take action and control of his financial future. Certain that he wanted to focus on yield he settled on buying apartment buildings and along with his partner Gino Barbaro embarked on the start of what is now a lucrative and fulfilling business  of acquiring multifamily and teaching others those methods along the way. Jake attributes his success to mind set, attitude and self awareness and focuses on serving the customer with a goal of being the Chick-Fil-A of Multifamily Operators. Jake, one part of Jake and Gino, has focused on creating a vertically integrated business which now includes Jake and Gino, Rand Partners, Rand Capital and Rand Property Management to name a few. They are both also very excited to launch Rand Cares which is an organization that helps to feed the children and is making its launch this Thanksgiving! Find out more at here. To find out more about Jake, you can find him at www.jakeandgino.com Happy Monday! See acast.com/privacy for privacy and opt-out information.