All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Coronavirus Content & Resources Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
BlogArrowBiggerPockets Real Estate PodcastArrowBiggerPockets Podcast 143: Quitting a 6-Figure Job to Go Full-Time in Real Estate with Nick Baldo
BiggerPockets Real Estate Podcast

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

BiggerPockets Real Estate Podcast
Expertise:
440 Articles Written

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!

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

Read the Transcript

Click here to read the transcript.

Listen to The Show on iTunes

Click here to listen on iTunes.

Listen to the Podcast Here

Watch the Podcast Here

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

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

  • BP Podcast 142: 22 ½ ACTIONABLE Tips for Beginner Real Estate Investors With Josh and Brandon!
  • Podio
  • Asana
  • Google Drive
  • AppFolio
  • Buildium
  • QuickBooks
  • BiggerPockets Keyword Alerts
  • BiggerPockets Forums

Books Mentioned in this Show

  • FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani and Clay Davis
  • The Millionaire Real Estate Investor by Gary Keller
  • Think and Grow Rich by Napoleon Hill
  • Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill

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

  • Nick’s BiggerPockets Profile
  • Nick’s Company Website
  • Nick’s Blog
http://traffic.libsyn.com/bpradio/BP_Podcast_143-_Quitting_a_6-Figure_Job_to_Go_Full-Time_in_Real_Estate_with_Nick_Baldo.mp3

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

By BiggerPockets Real Estate Podcast
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.
Read more
9 Replies
    Darren Sager Investor from Summit, NJ
    Replied over 5 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!

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Andrew Syrios Residential Real Estate Investor from Kansas City, MO
    Replied over 5 years ago
    Fantastic interview! Very impressive Nick!

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Erika Carter Residential Real Estate Broker from Chicago, IL
    Replied over 5 years ago
    Great podcast!

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Ronnie Boyd Fix & Flip, Wholetailing, from West Columbia, South Carolina
    Replied over 5 years ago
    Great show today , Congrats on your success Nick…

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Jeremy Jones Musician & Real Estate Investor from Edmonds, Washington
    Replied over 5 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.

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Ronald Perich Investor from Granite City, Illinois
    Replied over 5 years ago
    Really enjoyed the podcast. You have some great ideas and systems built! Congrats on your success!

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Tony White Relantionship Manager from Chesterfield, Missouri
    Replied over 5 years ago
    Nick, keep up the great work and making the time to share your business model!

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Linval T. Investor from Bay Shore, New York
    Replied over 5 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.

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
    Deane Barlanti Wholesaler
    Replied about 5 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.

    Report Abuse

    Why are you reporting this?

    Additional Comments (optional)

    Cancel
Rotate Log in or sign up to comment

Related Blog Posts

BiggerPockets Real Estate Podcast Jan 16, 2021

BiggerPockets Podcast 435: Why Successful People HATE Losing, But Aren’t Afraid to Lose with Scott McGillivray (Part 2)

By Cristian Mikkan

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put your...

Read more →

BiggerPockets Real Estate Podcast Jan 13, 2021

BiggerPockets Podcast 434: How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1)

By BiggerPockets Real Estate Podcast

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck!

Read more →

BiggerPockets Real Estate Podcast Jan 09, 2021

BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

By BiggerPockets Real Estate Podcast

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and ...

Read more →

BiggerPockets Real Estate Podcast Jan 06, 2021

BiggerPockets Podcast 432: From $0 To $1,000,000 in 5 Years: 4 Steps To Gain Millionaire Net Worth With Brandon and David

By BiggerPockets Real Estate Podcast

Who doesn’t want to be a millionaire? In this episode, learn exactly what it takes and how to get there—straight from two guys who have done it.

Read more →
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.