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 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

• Nick’s BiggerPockets Profile
• Nick’s Blog

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.