DE 21: The Success Story of Jake & Gino – with Gino Barbaro

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After successfully having a career in the restaurant industry, Gino Barbaro became increasingly interested in the opportunities that investing in multi-family units could bring and the financial freedom one could attain. After conversations with his friend, Jake Stenziano, Gino and him decided to form a business partnership founding their real estate education company, Jake & Gino. Gino Barbaro is an author, real estate investor, and entrepreneur who is the co-founder of the real estate company Jake & Gino. Currently, they are in control of 1,400 units and are passionate about mentoring others to follow their long-term wealth strategies.  

In this episode of Multifamily Real Estate Investments with Don and Eden, Gino will share his unique story and path that led him to multifamily real estate investing. He also will talk about the importance of the right mindset into becoming involved in real estate syndications and why having the right mindset is so important.  

Highlights: 

  • Gino’s Beginnings in Real Estate 
  • Why Gino Decided to Not Only have a Career in the Restaurant Industry
  • Forming a Partnership
  • Importance of Mindset 
  • Current Projects and Future Outlook

How to Connect with Gino

Website: https://jakeandgino.com/

Facebook: https://www.facebook.com/jakeandgino

Instagram: https://www.instagram.com/jakeandgino/


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Transcription

Hey guys, I’m very excited to tell you about our new website DonandEden.com. We have put a lot of hours into making the website very accessible, beautiful, and comfortable. You could find ways to contact us for a variety of options if you would like to network, we always want to hear new stories and get to know you better. We would displace some of the past deals we were involved with, you could learn from each of those deals. The important lessons we have also experienced on the website, you would be able to invest with us on our future deals if passive investors, and even as general partners. Today, Don will interview a person who is very dear to both of us, and his name is Gino Barbaro. Gino is the part of the famous duo Jake and Gino who is in control of over fourteen hundred units. Gino will share his story and the path that led him to real estate investing as well as the right mindset you need to be able to do this. Also at the end of the episode, Don and Gino will discuss one of our deals that are coming up, and we are very excited about the development of 28 units in Hollywood, Florida. 

So stay tuned and enjoy the episode. 

Welcome to the real estate investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to multifamily apartment buildings and off-market strategies. 

Hey, Gino welcome to the show. How are you doing today? I’m doing really good. Thanks for having me on. Of course, I’m honored. If anybody, I’m honored to have you on the show it’s going to be you the person that helped me so much in my career and developing myself as a real estate investor. I’ve learned so much from you. So I’m very honored as I mentioned. Thank you for putting the time to do this. Thank you. Yes. So you are a very accomplished man, and it seems like your whole life is about doing and creating. So I want you to tell us a little bit about your career how it started and what currently drives you. 

Well, my biggest accomplishment, I think, is being a father of six children. 

That is by far the most important thing to me, and that’s the reason, believe or not why I got into real estate because I was in a tough business. I was in the restaurant business, and it just took a lot of time. 

It took a lot of energy, a lot of effort, a lot of long hours and a lot of long weekends working on the holidays- it was difficult, and I was the son of an immigrant. So that’s what I thought everyone did. I mean, I was working hard, but I didn’t feel fulfilled, and I seemed like I was always away missing those important things with my family. So I was back in 2008, the Great Recession came in, and I was making pretty good money. The restaurant and everything changed, and I said to myself I need to go on a different path. I need to find something different, and I already had a job. So I didn’t get into a residential real estate. I didn’t get into fixing flips. I tried to get to the multifamily, and I think that was the saving grace me.  Try and get into a multifamily business, buy properties still have the restaurant, but do this on the side and make some extra money because as to have a large family it’s a lot of mouths to feed. That was my priority to do something where I can get a little bit of extra passive income on site. And over the years from 2008 to this point continue to buy. Continue to grow. I just got fortunate enough that back in 2016 of March I left the restaurant and I dedicated my life full time to real estate. 

 That’s beautiful. So you decided to focus on multifamily whereas other investors typically when they start they try to focus on single families because they have the conception that this is the safest thing to do and that was our conception when we started doing business in real estate. 

 But you challenged that and so you tackled multifamily right from the beginning. So tell us a little bit about that? How was it? How difficult was it to get into that arena? 

 Well,  in the beginning, everyone believes what they think. If you believe it’s easier to get into single families, that’s what you’re going to believe. It’s a self-fulfilling prophecy. Everyone knows how to buy a home so they think, hey single family’s easy I can get into it I’ve done it before. 

Everyone hears the word multifamily commercial, and they start shaking their boots, and they think of commercial financing, and real estate is a team sport. And for me, I didn’t want to have another job. I didn’t want to fix and flip a home. I mean, I love that process, it’s a lot of fun. But once you think about all the hours and the time that you need to do a house, the capital gains, the risk factor, and where you are in the market cycle. All of a sudden you’ve done all that work, and then you’ve got to go and repeat it; it didn’t seem like it was a really good strategy for me. I wanted something that would have at least residual income. I wanted something more I built long term wealth. Yeah, I wanted something where I could have the capital gains to avoid tax benefits there. I want something where I could build a business where it was scalable. So if you’re thinking about buying single-family homes take a step back and say to yourself, how is it going to be when I have ten or eleven or twelve houses spread out all over the city. They’re all different. It’s going to be harder to manage every single one of them if I’ve got ten homes and three of them are vacant. That’s a big vacancy. As Jake and I started on our twenty-five-year property they were all in one location. I was working full time. I could manage these part-time at the very beginning, and it was easier because they’re all in one location. There was one landscaping bill. There was one garbage bill. There was one utility bill. There was one roof there. So it was just easier for me. There was an economy a scale thing. There were scalability factors and all those other factors that I’ve mentioned. It just made more sense. 

Yeah. Also when you flip a home it feels like a job. 

 you make good money. I mean I’ve done that before, and you make good money. I get a good day you’re placing your time so that you can earn money. So it’s a good job, but essentially it’s a job. It doesn’t create residual income for you as far as multifamily does. And also I mean you could get there it’s not scalable, but it’s possible. I mean it’s possible to hold 20 single families and make residual income, and welfare. But it’s not as easy and as convenient so I can relate. 

Well, I think the problem is most people like that don’t mean effect. It’s so much more rewarding to actually buy a house fix it and then flip it three months later and get paid. It’s a great feeling right, that’s a transaction. It’s a lot harder.  using my immigrant background to be a farmer plant the seed water the seed weed the garden take care of it let it grow and wait six months and pray that it doesn’t rain hardly ever hail. There’s a lot of risks involved that’s an entrepreneur’s journey because you’re holding on and you’re delaying the gratification. 

Whereas I think single-family homes you’re fixing the flipping it’s a different process it’s a different mindset. You’re going to get into multifamily think of yourself as an entrepreneur. You think of yourself as someone who’s solving problems for tenants. And the more tenants and problems you can solve the bigger portfolio, the more money you are going to make and the more as you scale bigger and gains the more property and more units the more cost savings you’re going to have the more revenue generator rate are you going to have and that’s how you start becoming really successful in this business. 

Yeah, I agree. So you’ve entered the multifamily business. I mean a few years back so it’s not like you’ve been doing that for 30 years while you were in the restaurant business. So how did your life change ever since you got into multifamily. 

Well I mean for me, the best thing was I went to coaching school. I became a life coach because I didn’t know what I wanted right. 

I mean, I think the most important thing that everyone on this call has to figure out is to keep becoming clear with our lives, what is the clarity in your life? I didn’t want to work twelve hours a day doing more at a job that I didn’t like anymore. Now I’m working just as hard, but I’m doing something that I feel fulfilled in, and to me, it’s not a job. 

 I don’t even know what day it is today, to be honest with you. I mean the weekends to me are just like any other day or whenever I want to. For me, it was hard because I was working and it was like you said every week the week is over you get paid you start the next week, and it was just boring, and it was not fulfilling. Also when we bought our first property it was exciting because it felt like we did something different. Then three months after that first property we bought our second property. So we had 60 units within the first three months of buying the first deal. It took us 18 months to get our first deal. I mean it was hard out there I had done some coaching I had gotten together with mentors I had gotten together with Jake as a partner. So Jake and I took 18 months to get that first deal. But that second deal came right after the first because we had the credibility. We had met the broker we had understood the market. We had chosen the market and focused, and we had built a team. And I mean things are changing. I started seeing real estate as a business which is what it is whether you’re going to fix a flip whether you’re going to wholesale whether you’re going to master lease whether you going to buy commercially. It has to be treated as a business. And you want to take yourself out of the day to day operations and think more long term and think bigger picture and build a business. And if you can’t if you’re out there trying to buy a business you can’t scale that business then it’s not a business, it becomes a job. That’s why when you’re buying a couple of single-family homes that can’t be scaled if that model can’t be scaled and you can’t pull yourself out of it then it’s not a business it’s a job. 

Here’s some that I learned from you, is the famous scent as you always say that transactions pay equity bill make you rich. That’s right. I’ve learned that pretty well, and that’s what we are trying to establish as well. So I know you wrote two books two of which bestsellers. So let’s talk about these books a little. 

I know the first one is we’ll get our profits, and then the other one is family food and the fairs. So just from the titles, I could understand that these are two completely different books. So what’s special about these books for you? And how has the experience of writing them? 

 Well, the great thing about it was back in 2008, I was trying to do something in the restaurant that we call multifaceted. 

I had seen back then it was a shift. I mean all of a sudden you have to see trends you have to see what’s going on with demographics, and it’s exploding now. If you understand the new demographics now we’re where people are not going out to eat they want to have delivery they want to have stuff brought into their house. Whole Foods is taking over a lot of it. Trader Joe’s a lot of prepackaged foods. I said to my brother we need to do something different here at the restaurant we need to create other streams of revenue whether that is writing a cookbook which is what I did. I wrote a cookbook called family food in the fryers, and I wrote it for a bunch of Catholic brothers where I would go down and do a lot of mission work for and they were terrible cooks. So I said that was the mission, I said let me write a cookbook for them. And I ended up branding the restaurant then we created the company called Geno’s family where I wanted to have my family teach other families how to garden, how to grow vegetables, and how to bring it into the house how to cook with them and then what I did with that company as I was sourcing physical products from China where there was cutlery whether it was vertical garden bags whether it was e-books and all that kind of information. And I was creating a little business within the restaurant and career multiple brands or multiple revenue streams. I was also joined tomato sauce selling it. 

Unfortunately, as I’m doing that, Jake and I find out while this real estate is pretty cool and my brother was not ready at the time to start transitioning; he didn’t see what I saw so since my brother Mark I’m surprised it’s real estate. So Jake and I start buying these properties and about at about a year and a half after we start buying. We wrote this book with all our profits. And the reason why I wrote the book is it makes you go in there and research and learn and become a much better investor because even though you’re learning you never stop learning is always things changing in the market and I electric let’s write this book just for fun. We sat down, and it took us about a year to write the book believe right. I mean we’re not good writers, and we’re not that smart. So it took us a lot longer than what it should have. But I mean it gave us the clarity on what our strategy was we were buying these deals from mom and pop owners, and we were using the simple buy right manage right and finance. That was our three-legged framework on how to buy a multifamily property. So it gave the clarity, OK this is it let’s put it down on paper. And then from there, we said what. Let’s start coaching people and teaching people how to do what we’re doing. So from that book, came up the Jay congenial program. 

Beautiful. So tell us about how you met Jay and the other half of the famous duo Jake and Gino?

Well  I mean sometimes people they gravitate towards you. He was a pharmaceutical rep back in 2010-2011, and he was using a restaurant, and he was good friends with my brother. 

My brother is handling all the outside of the restaurant his deal dealing with the pharmaceutical reps that he was getting catering from our restaurant going to doctor’s offices and selling pharmaceuticals. And when the sunshine came in that all changed the whole health care model changed and he saw that as a threat. So he decided to move down to Knoxville Tennessee, and I said Jake when you get down there let me know, we’ll start looking at deals.  I know what kind of person he is, and for anybody out there looking to get into partnership with other people, you have to stop and think of why you want to in partnership with people. 

I saw Jake as someone similar to me; he works. Rick is a super hard worker; he’s always working. He’s always thinking about the next step. He’s got value-based decision making where he’s got a great core belief; core values are really powerful. He’s got a lot of integrity. He’s got a lot of ethics, and he does the right thing. So I gravitated towards all of that, and I liked the way he worked because I worked just as hard. So if you’re going to partner with other people make sure you look at that make sure you look at the background make sure you look at them saying what. It’s not my job, It’s not in our vocabulary, It’s all about helping each other out. So I met him he went down and like I said from 2011 to 2013 we’re looking to buy a property. He ended up buying a house because his wife moved down and then we bought that first property. He is the property manager because he was in the market, so he brought value that way by managing the property. And I was the one who had the experience the education I knew how to read the deals I don’t want to raise the money. So I had that experience between the two of us. We just hit it off. We had a great partnership, and we just decided to stick with it. And like I said once you started growing we’re like what let’s start a podcast. What’s the worst they can have. We’ve just started the podcast, started meeting people, talking to people and just really learning the industry from the inside out. 

That’s beautiful. So how do you guys currently divide the workload between you two now that you’ve been in a partnership for quite a while?  each other well. 

 Well, what ends up happening is there are certain inflection points, in any business, I think after we got off two-hundred units all of sudden Jake said I need to property manager and I need to hire some property managers we had 60 units the third deal was one hundred thirty-six units. So when we had that third deal we started hiring full-time property managers full-time maintenance. So we did that. That was the first step. And then when we hit about six hundred fifty units we decided to hire a regional manager. We just needed more staff. As you start staffing up and at that point, I was doing. I was sold to the restaurant I left the restaurant. Jake was doing day to day in the property management, and I was pitching in. 

I was helping out filling out quick books and doing all the reporting. And then when I said Jake I’m going to do the education day in a day full time, there’s a lot of stuff involved in the very beginning creating lessons creating videos getting people to come on the podcast. The date you do day to day with the property management. And then from there, those were the two streams of revenue on top of the investment which was the third stream of revenue, so those three streams. A year and a half ago, we decided we’ve got about 900 investors on our database. Jake, I can’t reach out to them and set up thirty-minute meetings and you can either one, or we create a syndication company gets another partner for that which we hired Dillon Obama. He’s our third partner. We have another partner Mike on that so let’s do that. You have these symbiotic relationships between a syndication company that is raising money in an education company that is teaching people and also fulfilling them over to our syndication company. If they have extra money they can they can invest with us a property management company that runs these investments and the investments themselves. 

So as we started scaling up we saw that we’d rather share the pie with other people who felt our core beliefs then try to keep for ourselves because it’s hard to start scaling up and picking out what you do what you don’t like. I love the education aspect of it. Jake loves the property management aspect of it. Our partner loves to speak to investors. He loves to underwrite deals, so if we can all work on our strengths and grow the business and try to keep it as a multifaceted business where each entity is helping the other entity it works well, and you’ll figure that as you start scaling. 

That’s the hardest thing for an entrepreneur when do you hire somebody else. I mean we hired our first sales guy for Jacob Gino about two years ago 18 months ago and then only three to four months ago we hired an operations manager. We should have hired sooner; we just didn’t know you’ll figure that out. As you see, you start yourself growing and, you start doing tasks that aren’t necessary if you aren’t there to generate revenue. That’s why you say to yourself OK, I have to pull myself out of this task and hire somebody to do that. Does that make sense? 

It does make a lot of sense especially because I’m also in a partnership and I know exactly how important that is to have a mastermind, and sometimes you’re not sure about things, and you could talk to somebody about the way you say things, and then they see things differently. And then you come up with the best solution. So it only makes sense to me, and I think it’s beautiful that you guys are so symbiotic as you mentioned and that’s amazing. 

So I’m going to see you be doing that very soon. Trust me because once you have a great system and a great business it’s all a communication right. We have something that we call Level 10 meetings every week. 

We are on meetings with every single one of our entities and then might take up five or six hours a week, but it’s really important to have her be on board. We’ve done something called scaling up with Patrick coaches because as you start growing if you’re going to be an educator you have to believe in your product. You have to go out there and invest in yourself and invest in your company. So for you to grow and you’re doing something new you’ve never done it before you really to go out there and invest in yourself and invest in your company, so that’s first and foremost. 

But I see you guys doing the same thing? You’ve got a beautiful model. You already employ virtual assistants amazingly you have a system set up. You are going to be teaching your process and then from that money make what you do the money you make. You replicating put into other investments and you start multifaceted, and I can see the picture already being painted with you guys as well. 

Yeah. I mean I think it’s what’s special about our motto is that we came from the background of being a residential wholesaler. So as a residential wholesaler, you like a multifamily investor on steroids. 

That’s the way I like it because you’re able to do some things that other people are not doing since it’s just not a part of the industry.  a lot of people say, hey talk to the brokers and an established broker they should ship which we’re doing, and we’re doing everything, but the off-market strategies that we are implying are getting us ahead. And I can already see that we’re getting to sellers that otherwise, we have never sold the property because they never had even that idea. So you’re essentially the broker when you’re addressing the sellers directly then you’re essentially the broker because you’re getting them before other brokers do. And then you’re also saving the commissions that they would pay for brokers. 

So it makes sense, and that’s the best so much value. You guys have so much value that model and what’s great about it is that you’re in a tough market right now. 

Can you imagine when the market cycle resets, and you’re going back to the buyer’s market you guys are going to clean up? So continue to do what you’re doing because everyone always says now’s not the right time to get in the market. It’s never the right time to get into the market. It’s never the right time to have a child. It’s never the right time to leave your job. It’s never the right time to get married. It’s only the right time when you decide is the right time and what you need to do is learn what strategy to employ in that specific market cycle. I mean the real estate comes out three pillars it comes down the market cycle, it comes out to debt, and it comes down to exit strategy. If you can employ all three of those who make a wise decision on all three of those you can buy in any market, you just need to know. So as you’ll see as the market resets you guys are going to you’re poised to crush it as this market is going down because you’ve created the relationships you’ve already spoken to the sellers three or four times so when they’re ready what are they going to call they’re going to call you because you’re already in touch with them a couple of times. 

Exactly. I could always see that coming, and what else. When we started doing residential wholesale then a lot of people told us not to do it in Miami. The Fort Lauderdale Miami area because this market is very competitive, and it’s very difficult for beginners. 

So it was competitive, and it was difficult to get in, but it was very rewarding when not the first deal. So it’s the same thing, and in today’s market and multifamily, it’s hot. But if you get a deal then it’s good for you because you couldn’t so easily. So there are advantages to this as to every market. And if we’re already talking about the market I wanted to ask you a question which I’ve already preferred. So what do you think are the adjustments that the investors that are trying to get into multifamily or investors that have already done a deal or two in multifamily? What do you think are the adjustments that they should make in today’s market? 

I have a couple of different ways to look at that question. The first thing is when Jake and I started all I knew was that I’m going to buy a deal on myself. 

That’s not the only way you need to buy multifamily nowadays. If you have a strong balance sheet and you can be a sponsor on a deal, you can get it into multifamily. If you have sweat equity and you live in a property you live in a market, and you find a deal you can run day to day you can get a deal that way. If you want to find a partner and partner up with somebody you can get a deal that way. If you want a syndicated deal and raise funds for your deal you can get the deal that way. If you want to raise funds for somebody else’s deal you can get into a deal that way. There are so many different ways to get into multifamily as I said; it’s a business, and everyone that’s out there sees these hundred unique properties in two hundred unique properties, and you see all these syndicators out there saying I’m closing two-hundred-fifty units. Yes, they closed, but they had a lot of help from a lot of people raising money. It wasn’t just them for the majority of the people. Jake and I raise our funds for our own deal we’ve had a couple of key people bringing down payments, or we’ve given them a little part of the general partnership, or for the most part, they are our investors. If we had problems raising the money we would go out and ask you or someone else, hey can you bring money toward deal raise money? You are compensating. That’s one way for you to start. I think what people need to do more than anything else is they need to decide that multifamily is for them. 

I think once they understand it multiplies for them. And that is the right business model to employ going forward. Because, I guess food water shelter, and those are three basic needs.  You can buy it on the internet yet it’s very hard actually to replicate it; there’s not enough affordable housing coming online. The demographics going forward whether it’s the immigrant population, the millennials or the baby boomers, they’re all going to rent more. That’s just a fact. Read the book Big shift, a great book about demographics and what’s going on if you can understand that you can see what’s going on in the rest of the world as far as having negative interest rates as far as people wanting to park their capital in a viable asset. That’s why multifold is hot right now, and I think going forward in the next five to 10 years you’re going to see that trend continue. Now the important thing is I think you need to focus on a market and you should South Florida is very competitive red hot. Why is that? It’s because there’s a lot of jobs down there. There’s job growth down there. People are moving to Florida I think a thousand people a day relocate to Florida all the baby boomers. That’s right. It’s the baby boomers coming down, and they’re actually selling their houses in New York and California, and cashing out and coming down here buying a small condo or renting an apartment right. And jobs are coming down here that’s why. So it’s the quality of life. It’s the actual tax savings. There’s no state income tax, and it’s just a great place to live. The people here are great. I moved from here two years ago from New York. I love it. I cut my tax property taxes in less than half — no state income tax. I love the weather. People are visiting me now. This is not the Florida that I knew ten years ago. It’s not. 

It’s going to reach a different conclusion completely, and I think the other thing to finish that point, focus on a market. 

That’s why the Southeast is competitive because that’s where people are flowing. Texas is going to continue for the next five to 10 years because they’re leaving California they’re going to Boise Idaho, they’re going to Salt Lake City, they’re going to Nevada, they’re coming to Texas because of the tax savings and the quality of life. So focus on a market that you like that U.S. population and job growth continuing on and if we do get into recession those people are not going to buy homes they’re going to have to rent. So if you can play buying a place that has enough supply and demand there you’re going to have better chances of withstanding any recession. 

Yes. So assuming there is a recession you think that the eight class properties are the first ones to get the impact by the big class and the secrets are safer?

I think so.  it’s really weird, my mom used to have a condo in Deerfield about four or five years ago, we’re still going down there every year. 

I was amazed at Boca on a ten; there all the new builds that were going on there; the old builds were vacant, and they were putting up new stuff like you couldn’t believe especially the commercial. My fear is as we get a slowing down a recession will rebuild us continue to do. They continue to build through the slowdown because they have the permits and that’s what they do. So any new stuff coming online. Just be careful in your market take a look at concessions as you see a concession is basically, hey let me give you microwave for free let me give you a month’s rent for free. As you can see those concessions going up, that’s when you’re going to see that there can be softening made in the space. Now what might happen in that a space, it may trickle down into space and say,  what I can get an apartment and be a lot cheaper. I can be where we play in the B and C space, they’re not going to be as effective as much because those tenants never really buy homes, and they’re not really you can’t compete with the 1970s and 1980s build with a brand new 2018 build that has a pool, clubhouse, café, and a fitness center. It doesn’t they won’t compete there’s no competition with mine. So the strategy of buying right, if you can buy those assets right and you can weather the recession the downturn. The only thing that I want to that would worry about in a recession is you’re hoping that rents don’t decrease a lot. I mean you think occupancy is going to stay in the low to mid-90s but if your rents start decreasing and there’s a lot of competition a lot of people fleeing that’s where you’re going to have problems. But I think space is the first one is going to get affected in the recession. 

I agree.  I wanted to tell you about the deal that we’ve done in Hollywood since the area so well. So everybody is saying that it’s so difficult to get a good deal in multifamily. So then there is another very efficient strategy, and we’ve started to implement it which is to buy lots that are zoned for multifamily based on the city that you live in. 

Right, they currently have a single-family on them. Now what happens in that scenario is that it’s not multifamily like syndication like the classic syndication, but your dancing with the developers. What happens is that a developer would come over and give you a quote to develop the land for you, and the land becomes the equity. So you bring in the equity, so if you could syndicate the money to buy the land. Right. It’s sometimes expensive because some multifamily land that you could work with the developer to develop. That’s another strategy that we are implementing currently we’re going to build. I believe it’s twenty-eight units, but some people say 36. We don’t know yet, in Hollywood a lot that we bought. So we bought this thought. We bought it for I would say half the price than what it’s worth. Even less so 30 cents on the dollar. And then now developers are coming over, and they want to develop it because the multifamily market is hot. So that’s another strategy that I know is good for the market that we are at right now. So I know we’ve already discussed that, but I wanted to mention it since I love that strategy.

So why? Because you’re going to have a brand new building that has no deferred maintenance that’s going to have nice rents and you’re basically in it. 

I don’t want to see it for no money down, but you’re basically in it for a little bit of money down, and your equity is that property, so you’ve created a ton of value. You’re not the classic entrepreneur, or that is taking something you repurposed it; you’ve taken something, and you’ve made what we classically call a higher and better use. You’ve done that. You attract a lot of values from that. And it’s market, that’s worth something maybe ten years ago. It wasn’t worth it because the land was a lot cheaper back five, six years ago but now the land is at a premium. These builders are looking for that so that they come in and they need to split some of the profits with you, but they get that land at a decent price per door they’re willing to do that. So any author listening listens to that stretch don’t do in Hollywood, don’t do it in Miami. You can do it anywhere else in the country, but that’s an awesome strategy. Great. Great idea. 

Love it. So one of the best ways to connect with you in case anybody wants to invest with you or listen to your podcast go onto our website. 

Jake and Gino come on there; we have all the podcasts we do for weekly podcasts. 

We have the multifamily zone podcast with my wife and me, just talking about working with your spouse growing the family how to teach kids about money and all that. We do a ramp partner syndication podcast, and we do a movers and shakers podcast with our students highlighting students. We closed the deal, and we have our flagship will our profits podcast and just gone. You can do your outcome. Reach out close there, and just ITunes we are on. We have an Instagram page or a Facebook page, and you can reach out to me. Jake & Gino and general if you have any questions I’d love to talk to people. 

Wonderful thank you so much for being on the show today. I appreciate it. And it’s always nice and a pleasure to talk to you. 

The pleasure is all mine. Thanks for having me on. All right. 

Thanks for listening to the real estate investing podcast with Don and Eden. Stay tuned for more episodes till next time.

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