The impending estate plan apocalypse is discussed, focusing on the potential changes in estate tax exemptions and rates. The conversation also delves into the impact on estate planning and asset protection, emphasizing the need for proactive measures. The political implications and the urgency of revisiting estate planning are highlighted.

Highlights:

• Impending changes in estate tax exemptions and rates can have a significant impact on estate planning and asset protection.
• The urgency of revisiting estate planning and taking proactive measures to lock in current exemptions is emphasized.
• The political implications of potential changes in estate tax exemptions and rates are discussed, highlighting the need for careful consideration and preparation.
• Asset protection is highlighted as a crucial aspect of estate planning, especially in the context of potential legal liabilities and third-party creditor claims.

-"The impending estate plan apocalypse. You don't want to miss this how-to."

-"We have the highest estate tax exemptions in the history of America. It's a historic time."

-"It requires an opportunity for everyone to revisit their estate planning to make sure that they have taken advantage of the historic highs that we currently have."

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/

Welcome to another insightful episode of the Jake and Gino podcast! In this week's episode, Gino Barbaro, one of the co-founders of Jake and Gino, dives deep into the essential questions that limited partners (LPs) need to ask general partners (GPs) when evaluating multifamily investment opportunities. This episode is crucial for both passive investors and those raising capital.

Key Questions for Limited Partners:

1. Requesting T12s and Rent Rolls:
   • Understand why it's vital to get the actual T12s and rent rolls, not just projections.
   • Learn how to analyze patterns in income and expenses to gauge property performance.
2. Evaluating Lease Exposure and Rent Balances:
   • Discover the importance of assessing lease exposure and outstanding balances on the rent roll.
   • Learn to identify potential issues with month-to-month leases and delinquent tenants.
3. Capital Expenditures and Budgeting:
   • Why it's critical to review the general partner's budget for capital expenditures.
   • Tips for assessing if the estimated amount for repairs and replacements is adequate.
4. Market Rent Analysis:
   • How to verify the GP's projected market rents using resources like apartments.com.
   • Understanding the implications of overestimating rent projections.
5. Occupancy Rates:
   • Differentiate between physical and economic occupancy.
   • Understand the significance of occupancy rates for financing and deal stability.
6. Operating Expenses:
   • Importance of drilling down into all components of operating expenses.
   • Learn how to compare projected expenses with market standards to avoid underestimation.
7. Net Operating Income (NOI) and Debt Service:
   • Assessing the current and projected NOI to ensure realistic projections.
   • Understanding the structure and terms of the debt service to avoid risks related to short-term bridge financing.

• Passive Investor Pro Program: Learn how to invest confidently as a limited partner with coaching calls and boot camps exclusive to the Jake and Gino community. Learn More
• Apply to Work with Us: Interested in multifamily investing? Apply to work with Jake and Gino. Apply Here

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/

Chris Lento shares his journey from working in the defense industry to transitioning into multifamily real estate full-time. He discusses the challenges of the defense industry and the realization that real estate offered more control and autonomy. Chris highlights the importance of learning about syndication and how it opened up opportunities for him.

He shares his experiences with scaling his portfolio and getting involved in syndicated deals. Chris emphasizes the significance of knowledge, confidence, and building a network in achieving success in real estate. Chris Lento shares his experience of selling smaller deals in Boston and the thought process behind it. He emphasizes the importance of focusing on return on equity and the need for disciplined decision-making.

Chris also discusses his buy right criteria, including value-add propositions and specific markets he is investing in. He provides insights into getting started in multifamily investing and scaling the syndication business. Chris shares educational resources that have added value to his life and reflects on a recent deal loss and the lessons learned. He concludes with his contact information and closing remarks.

Takeaways

• • Learning about syndication can open up opportunities and allow for more control and autonomy in real estate investing.
  • Building a network and learning from others can help overcome limiting beliefs and accelerate success.
  • Scaling a real estate portfolio requires exploring new markets and finding deals with higher cash flow potential.
  • Transitioning from a traditional job to real estate full-time requires careful planning, building a track record, and developing the necessary skills.
  • Understanding the challenges and limitations of certain industries can motivate individuals to explore alternative paths, such as real estate investing. Focus on return on equity when evaluating properties.
  • Consider value-add propositions and market conditions when buying assets.
  • Network and find mentors to learn from in the multifamily space.
  • Be proactive and take massive action to achieve your goals in real estate investing.

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/