BiggerPockets Real Estate Podcast

BiggerPockets Podcast 143: Quitting a 6-Figure Job to Go Full-Time in Real Estate with Nick Baldo

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On this episode of the BiggerPockets Podcast we sit down with a real estate investor who quit his six-figure full-time job at a Fortune 100 company to pursue his real estate investing dreams. Our guest, Nick Baldo, shares his story of starting with nothing and turning that into a sizable business that both flips and rents houses. Oh, and Nick isn’t even thirty yet! Don’t miss this informative episode of the BiggerPockets Podcast!

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This Show Sponsored By

We just wanted to give a shout out to our podcast sponsor on today’s show: Residential Investor One. Residential Investor One is a powerful cooperative of residential real estate investors dedicated to enhancing the efficiency and productivity of their members.

Learn more by calling 855-257-2201 or visiting residentialinvestorone.com/biggerpockets

Fire Round Sponsorfreshlogo

A huge thanks as well to our Fire Round sponsor FreshBooks.
FreshBooks customers spend less time on paperwork, freeing up 2 days per month to focus on the work they love. What would you do with that extra time?

Learn more by visiting FreshBooks.

In This Episode We Cover:

BiggerPockets-Podcast-Cover 300 300

  • How Nick got into real estate
  • Where he is currently investing and the typical prices of houses in his area
  • How he began flipping houses when he was just 23!
  • Where he got his funding
  • How he was able to do business with a private money lender
  • Lessons learned from the first deals
  • The importance of ARV analysis
  • Why he took that first step despite the lack of knowledge
  • The ins & outs of transitioning from flipping houses to house hacking
  • How to handle real estate investing as a business
  • How to scale your business by building systems
  • The online tools he uses for managing his business
  • How to use networking as marketing
  • Where Nick’s business is today
  • Tips for those who want to quit their jobs and become full time investors
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “There are always people with extra money not knowing what to do with it.” (Tweet This!)
  • “It’s impossible to get started without your character.” (Tweet This!)
  • “We did things as a business that had a 100 rentals would do it.” (Tweet This!)

Connect with Nick

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned.

    Darren Sager Realtor from Summit, NJ
    Replied about 4 years ago
    Excellent Podcast Josh, Brandon and Nick! Good to hear another east coaster crushing it! I’m definitely going to check out that book by Napoleon Hill Nick. I read Think and Grow Rich but not that one. Loved how you had the mindset from day one to run your investments as a business. Very forward thinking Nick! I’ve also been resistant to putting Podio into effect but after listening to this podcast I think I can’t resist anymore. The reasons why you use it make a lot of sense, especially for it being able to communicate between different projects and your accounting software. Just makes perfect sense to make the change. Thanks Nick for sharing everything with the BP community. Very grateful for giving us more BP Gold!
    Andrew Syrios Residential Real Estate Investor from Kansas City, Missouri
    Replied about 4 years ago
    Fantastic interview! Very impressive Nick!
    Erika Carter Residential Real Estate Broker from Chicago, IL
    Replied about 4 years ago
    Great podcast!
    Ronnie Boyd Fix & Flip, Wholetailing, from West Columbia, South Carolina
    Replied about 4 years ago
    Great show today , Congrats on your success Nick…
    Jeremy Jones Musician & Real Estate Investor from Edmonds, Washington
    Replied about 4 years ago
    Nice work, Nick. I appreciated your description of building business systems using Podio and online mechanisms as much possible. Thanks for sharing your tips & tricks.
    Ronald Perich Investor from Granite City, Illinois
    Replied about 4 years ago
    Really enjoyed the podcast. You have some great ideas and systems built! Congrats on your success!
    Tony White Relantionship Manager from Chesterfield, Missouri
    Replied about 4 years ago
    Nick, keep up the great work and making the time to share your business model!
    Linval T. Investor from Bay Shore, New York
    Replied about 4 years ago
    Another great information laced podcast by hosts Brandon and Josh in which they were able to extract detailed and actionable info from Nick. In listening to this podcast, I have definitely gained additional tips to propel our business. So, it was well worth my time. Nick, at a young age you have demonstrated that there is nothing to fear but fear itself. As a fellow New Yorker who warmly embraces Buffalo as well, no matter what Josh thinks….:-), it’s good to see that you returned to your neighborhood to do good and benefit from doing so simultaneously. Good luck to you and your partner and I expect to hear of the spiraling success with the partnership as time progresses.
    Deane Barlanti Wholesaler
    Replied almost 4 years ago
    Nick great podcast. Appreciate your time. In NY…moved up to 68 units and struggling with project management. What are your thoughts on PODIO. I registered for it but really have no clue how to use it. We are struggling (3 partners) with project management. Your an IBM’r so apps and technology are a cake walk to you. thoughts on PODIO for a guy with limited technology background. We have constant issues. Mostly c properties. Would like to have a setup for each property – income – outstanding rents – projects (repairs) to be done is this what you use PODIO to be done. Want to be at 200 units in 5 years. Need to get more organized.