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