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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 8 October 2015

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! 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 Company Website Nick’s Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, show,
0:04.0	143.
0:05.0	We did things as if a business that had 100 rentals would do it.
0:10.0	You're listening to Bigger Pockets Radio,
0:12.0	simplifying real estate for investors large and small.
0:16.3	If you're here looking to learn about real estate investing without all the height,
0:20.2	you're in the right place.
0:22.1	Stay tuned and be sure to join the millions of others
0:25.0	who have benefited from bigger pockets.com.
0:28.0	Your home for real estate investing online.
0:31.0	What's going on everybody?
0:32.0	This is Josh Dorkin, host to the BiggerPockets Podcast.
0:36.0	Here with my co-host, Mr. Brandon Turner. Hey Brandon.
0:40.0	Josh, how are you today?
0:42.0	Oh, wow, that's really nice.
0:44.0	You know, last week you didn't want to be cordial, you didn't want to ask me that,
0:48.0	and today you flip the picture.
0:50.0	I jumped right on it.
0:51.0	I feel good man, you know, just knowing that you care. I care a lot. Yeah, that's just not true as you're not answering the question though. So what is the question Brandon? How are you doing?
1:03.0	I'm great man. I'm doing really good. You know it's finally we're finally starting to get out of this crazy Indian summer here.
1:10.0	I think today might actually be a day under 80 which which would be kind of nice.
1:16.0	But yeah things are great man fall is coming leaves are changing Denver is
	...

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