Jake and Gino Multifamily Investing Entrepreneurs
Business:Investing
In this podcast, Jake and Gino discuss the key demographic trends, especially the noticeable migration to the states such as Florida, Texas and Tennessee. Why are they discussing these trends. Clearly because these are the trends that impact the Real Estate market quite significantly.
Here are some of the key reasons why people are migrating.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐ข๐ง๐ ๐๐จ๐ฅ๐ข๐ญ๐ข๐๐๐ฅ ๐๐ฅ๐ข๐ฆ๐๐ญ๐ ๐๐ง๐ ๐๐๐ฅ๐ฎ๐๐ฌ ๐๐ข๐ฌ๐๐ฅ๐ข๐ ๐ง๐ฆ๐๐ง๐ญ
โ๏ธGino felt that New York's leaders were willing to accept his conservative dollars but did not uphold the values he believed in.
โ๏ธThe incident highlighted the importance of aligning with the values of the place one calls home, and it was a significant factor in Gino's decision to leave New York.
๐๐๐ซ๐ฌ๐ก ๐๐๐๐ญ๐ก๐๐ซ ๐๐ง๐ ๐๐๐๐ฅ๐ข๐ง๐ข๐ง๐ ๐๐ฎ๐๐ฅ๐ข๐ญ๐ฒ ๐จ๐ ๐๐ข๐๐
โ๏ธGino recalls a particularly cold winter in 2014, where the weather was unbearable, and he had to deal with freezing pipes and other inconveniences.
โ๏ธThe cost of living in New York, including property taxes and the cost of college education, was increasing dramatically, making it challenging for Gino to envision a prosperous future for his family.
โ๏ธThese factors, combined with the diminishing quality of life and the financial burden, contributed to Gino's desire for a change and a better environment for his children's future.
๐๐ฏ๐๐ซ๐๐จ๐ฆ๐ข๐ง๐ ๐
๐๐๐ซ ๐๐ง๐ ๐๐ซ๐๐ฉ๐๐ซ๐ข๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐จ๐ฏ๐
โ๏ธGino acknowledges that fear of the unknown and unpreparedness were significant obstacles in making the move.
โ๏ธHe gradually prepared himself by diversifying his sources of income, selling his restaurant, and searching for properties in Florida.
โ๏ธGino encourages listeners to challenge themselves and consider making a change if they are facing similar pains and dissatisfactions, emphasizing the need for a preparation period before taking the leap.
Let us know your thoughts on this subject and share your comments with us.
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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/
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