Wheelbarrow Profits: How To Create Passive Income, Build Wealth, And Take Control Of Your Destiny Through Multifamily Real Estate Investing

by Jake Stenziano, Gino Barbaro

Find your niche and map your path to financial freedom. The Wheelbarrow Profits system for real estate investment takes advantage of an under appreciated source of wealth in the United multifamily properties. Learn how to identify your own niche, study your market, build your portfolio, and manage properties to successfully turn your investment into true wealth. Written and created by Jake Stenziano and Gino Barbaro, Wheelbarrow Profits is the tried and true system that they’ve utilized to grow a single multifamily investment into nearly a dozen successful and lucrative properties. Whether you’re a seasoned professional looking to explore a different type of investment strategy or a new investor looking to start building your portfolio, Jake and Gino’s system will provide you with the step-by-step guide you need to secure your financial independence.

Genres: Business

143 pages, Kindle Edition

First published September 30, 2015

About the author

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.

Reviews

[Rachel Meyers]

A really thorough book for those looking to invest in multi family units.

[Gino Barbaro]

I wrote this book as a starting point for beginning multifamily investors. It is an easy read and outlines our three-step framework!

[Adam]

Nuggets of Truth:

Turn earned income into passive income
Identify construction related costs that deprecaite utulate the engenering method
Cost segration consultant
Begin analyzing deals
Repositoin the property
Buy homes in probate
Earned income hightest taxes
Portfolio income is stocks bonds
Passive income

[Kerry Broussard]

Great baseline for the business all wrapped up in one book. We are using a lot of the ideas and numbers here to mimic in our own business.

Quite a few obvious editing errors, but you gloss over it easily.

[Drew Denham]

Anyone with a passion, plan and drive can achieve their goals.

Treat tenants well.

Earned income, portfolio income, passive income.
First 4-5 months of the w2 job is to pay their taxes

Aim smart
Acceptable
Ideal
Middle

3 ps - plan persistence and patience

100-10-1 analyze 100 properties, 10 offers, get 1

Only buy on actuals ⭐️⭐️⭐️⭐️⭐️

RUBS - ratio utility billing system - water bill back service

Determine the value of an asset by dividing NOI by the cap rate

Debt service coverage ratio
NOI / annual debt service

Need 1.3 minimum ⭐️⭐️⭐️⭐️⭐️

Buy right, manage right, finance right

Seek mom and pop apartments

Minimum 10% Cash on cash metric from day one - must have metric

Add extensions to the PA if needed - pg 86

Step 1 - fill the vacant units at market rents

Improve the outside first

Step 2 - implement rubs

Step 3 - raise remaining tenants to market rents (1/4 of the units at a time)

Be consistent with maintaining your property

Move in few vs security deposit - pg 103

[Ed Barton]

Intro To Get Started

The book covers the basic strategies for identifying, turning around and ultimately profiting in multifamily investing. The information here is fairly straightforward, and starts with looking in the mirror at your own approach to wealth building and spending. You get some good tips and tricks as well as a few case studies. Good for an intro to the industry.

[Joshua Roosen]

This book takes a holistic approach on investing in multifamily. Jake & Gino do a great job at taking a complicated topic and making it seem simple. They go over their three legged framework to multifamily investing. A great read for anyone looking to get into apartment investing!

[Joshua Duran]

Audible Audiobook

[Nathaniel Kotey]

Very Educating

[Joshua Waldron]

Fantastic book that provides a solid foundation in multi family real estate investing. Easy to read, fast, and full of good info. I feel ready to jump in.

[Marissa]

Another good read if you're thinking about real estate investing. Great info on the benefits of multi-family vs single family homes. It also explains the monetary terms/equations very well, especially if you strongly dislike math like I do 😉

[Dylan Marma]

Inspiring story, backed by great actionable items to show you how to make your first purchase and get on the path the building a multifamily biz. Broken down into a simple philosophy of the “3 legs”, buy right, finance right, & manage right.

[Joseph]

Straightforward approach.