Curious how a former restaurant owner turned $172,000 into a multifamily empire? Discover the secrets behind transforming a local business into a multimillion-dollar real estate empire. In this episode of REady2Scale, Gino Barbaro reveals how he went from owning an Italian restaurant to becoming a leading expert in multifamily apartment investing. Learn from his journey, gain valuable insights into avoiding investment mistakes, and understand the importance of mentorship and strategic planning in building lasting wealth through real estate. Key Takeaways: -Transition Story: Learn about Gino's shift from the restaurant industry to real estate, sparked by personal introspection and a desire for greater fulfillment. -Lessons from Failures: Gino discusses his initial struggles and mistakes in real estate investing, emphasizing the importance of market cycles, due diligence, and niche focus. -The Importance of Mentorship: Discover how investing in mentorship and education propelled Gino’s growth and success in the real estate sector. -Passive Investor Program: Gino introduces his new program designed to help passive investors avoid common pitfalls and make informed investment decisions. -Market Challenges and Opportunities: Insights into current market conditions, challenges faced by investors, and emerging opportunities in the multifamily space. -Key Advice for Entrepreneurs: Gino shares powerful lessons on building a successful business by focusing on providing value to the marketplace rather than solely aiming to provide for one’s family. -Personal Development: The role of personal development, life coaching, and setting empowering goals in achieving professional and personal growth. Prefer to read the interview? See transcript here. Or, watch the full episode here. Additional Insights: -Gino's Background: From running Gino’s Trattoria to mentoring students who now own over 80,000 units, Gino’s journey is a testament to resilience and strategic pivoting. -The Jockey, Saddle, and Horse Framework: A practical approach for passive investors to evaluate sponsors and deals effectively. -Work Ethic and Persistence: The correlation between hard work in the restaurant industry and success in real estate investing. -Books to Read: Recommendations include "The Secrets of the Millionaire Mind" by T. Harv Eker and "Happy Money" by Ken Honda. Guest Information: -Name: Gino Barbaro -Website: Jake and Gino -Notable Works: Author of "Will Barrow Profits," "The Honey Bee," and "Family, Food, and the Friars." Quote of the Episode: “Money is a result. As entrepreneurs, we are conditioned to chase opportunity. The more opportunity and value we create, the more money will show up.” – Gino Barbaro Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & the Blue Lake team, email them at [email protected] or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Timestamps 00:00 Introduction and Welcome 00:33 Meet Gino Barbaro 01:13 Gino's Journey from Restaurant to Real Estate 05:03 The Birth of Jake and Gino 07:26 Current Market Challenges and Opportunities 09:31 The Passive Investor Program 16:55 Lessons from Failures and Successes 23:32 Lightning Round and Final Thoughts Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening Music: Pomplamoose #passiveinvesting #realestate #wealthbuilding Learn more about your ad choices. Visit megaphone.fm/adchoices