MNS - Build a business not a job with Bill Hamel

02/23/21 • 37 min

Jake and Gino Multifamily Investing Entrepreneurs

Bill Hamel has been a successful multi family real estate investor since the 90’s. He started buying smaller investment properties in the Albany, NY area with a childhood buddy. Once established in this space, Bill continued building his portfolio by adding his brother as another partner. He added larger multi family properties into the plan and accumulated well over 200 units in the portfolio.

Bill operated an in house property management company focusing on great customer service maximizing resident retention and referrals.

In 2017, Bill decided to transition from an operator of their portfolio to focusing his efforts on large multi family assets.

Bill plans to utilize his many years in the business by sharing larger, profitable investments with like minded, active investors along with providing access for passive investors seeking alternate, high yielding investments to diversify their portfolio.

We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

Bill operated an in house property management company focusing on great customer service maximizing resident retention and referrals.

In 2017, Bill decided to transition from an operator of their portfolio to focusing his efforts on large multi family assets.

Previous Episode

WBP - Becoming Your Own Source of Financing with Teresa Kuhn

The quality of your life is in direct proportion to the quality of the actions you take.

In this episode, Jake and Gino talk with Teresa Kuhn, the president and CEO of Austin, Texas-based Living Wealthy Financial Group.

As a financial life designer, best-selling author and educator, Teresa has a passion for formulating innovative blueprints that help her clients grow and preserve their wealth.

Here are some of the key takeaways from the Podcast:

The quality of your life is in direct proportion to the quality of the actions you take.
Always think long-term. The consequences of your actions would impact you in the long-term, maybe for decades. Make wise choices.
No one else would change your life. It starts from you.
The fascinating thing about money and finances is that it is apparent whether your approach is working or not.

Learn More About the 100-Year Savings Solution here: https://www.100yearsavingssolution.com/become-your-own-source-of-financing/

Text LEVERAGE and send it to 214 949 8082 to know more about the financial strategies mentioned in the podcast.

Learn more about Apartment Investing Education: www.jakeandgino.com

Apply for Mentorship: https://jakeandgino.com/apply/

Next Episode

RCRE - A Look Ahead to 2021

Key Information:

Strategies for 2021

Avoid older asserts, look for newer builds with longer hold periods.
Prepare for the possibility of tighter lending standards and higher interest rates.
Look for direct to seller / off-market opportunities

Debt Markets Forecast

2 DSCR requirements
Lower LTV

Look for properties that will cash flow day one while amortizing. Newer asset in high growth areas out perform older assets in the event of an economic downturn.

Types of Value Add -