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

9

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!

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

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

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 80,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

9 Comments

  1. Darren Sager

    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!

  2. Linval T.

    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.

  3. Deane Barlanti

    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.

Leave A Reply

Pair a profile with your post!

Create a Free Account

Or,


Log In Here

css.php