223: Play the Game or Get Played: Using Paternal Instincts to Close on 17 Units w/Nick Troutman

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 5 October 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you pay attention, you’ll notice there is a game being played. The sooner you realize this, the sooner you can play to win. The game of life has various components, but the top one percent has mastered the game of money and finance. Once you start playing, your financial fear becomes irrelevant. After all, it is a game—and you’re supposed to have fun. Today’s guest, Nick Troutman, started playing the game after his second child was born. His fatherly instinct kicked in, and he had a deep desire to provide. He started researching investing, money, and finance—his friend recommended BiggerPockets, and the rest was history. Now, Nick has four rental properties with seventeen units, including a nine-unit apartment. As a professional athlete, Nick is on the road for six to ten months, which exposes him to various housing markets. This exposure helped him narrow down his scope of locations to invest in. Ultimately he decided to invest in Tennessee and Georgia. Nick’s open and optimistic approach to life has helped him create his dream life as a father, husband, professional athlete, and investor. In This Episode We Cover The “game” of money and finance and how to play to win Overcoming provider syndrome and how to use it to your advantage The BRRRR Method and why it’s one of the best ways to get into real estate What to consider before investing in a new market and why you should invest in familiar markets Price-to-rent ratio and making sure you’re charging the right amount for rent Fear vs. danger analysis and how to use it to start eliminating fear in your life And So Much More! Links from the Show Ashley's Instagram Tony's Instagram MLS Airbnb BiggerPockets BiggerPockets Calculator Real Estate Rookie Facebook Group 16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time BiggerPockets Instagram The Real Estate Podcast BiggerPockets Forums Zillow App Real Estate Rookie Podcast Connect with Nick: Nick's Instagram Nick's Podcast Nick's BiggerPockets Profile Great Family Adventure's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-223 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 223.
0:06.0	I relate everything back to my world of kayaking and being an athlete and through my decades
0:12.6	of competing I've just realized that you either you kind of win or you learn and through loss.
0:19.6	I try to use that as like a learning experience so I knew that I'm either going to figure this out
0:25.1	and it's going to be a great and a home run hit because I was running the numbers and I was like
0:28.8	this is either going to be like too good to be true or I'm going to learn from this experience
0:34.4	and I'm going to keep you know taking those baby steps forwarded so kind of using that win or
0:39.6	learn mentality instead of the win or lose and it kind of got me into you know that first deal
0:45.3	which then got me into the second and the third and the fourth and has kept me moving forward.
0:50.0	My name is Ashley Care and I'm here with my co-host Tony Robinson.
0:54.5	And welcome to the Real Estate Rookie podcast where every week twice a week we bring you the
0:58.9	inspiration information motivation education you need to kickstart your investing journey and
1:04.4	oftentimes we like to start the the podcast with some reviews from some wonderful people in the
1:09.1	Real Estate Rookie community and this week's review comes from it's actually a crazy username.
1:16.4	I can't even say it it's like SP with like 30 different numbers behind it but this person says
1:20.8	I've been a listener of the BP podcast for years but I find myself prioritizing this one
1:25.9	throughout the week. I love getting insight into small scale investors and I find it super
1:30.5	relatable and I think the balance between Ashley's and Tony's strategy is an awesome learning experience.
1:36.3	I'm so inspired by the stories and even though I have a decent amount of knowledge I still consider
1:40.5	myself a newbie and I enjoy hearing from other people's journeys so we appreciate that if you guys
1:45.4	haven't left an honest rating review on whatever platform we're listening to take the five minutes do
1:49.8	it we really appreciate the more folks that we can reach from the podcast more folks we can help
	...

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