Hello and welcome to the Movers and Shakers podcast. My name is Gino Barbaro, co-founder of Jake

and Gino, multifamily investor, educator, father, and mentor. Today I get to welcome Mr. Nico Salgado

to the show. He's a veteran, Jake and Gino member, and spent the past 19 years as a Spanish teacher while investing in real estate.

Nico Bing began investing in real estate in 2012 with the single family development project and has since transitioned into multifamily.

He went full cycle and 194 units to date and is currently a GP in a 45 unit value

ad. Welcome to the show, Mr. Nico Salgado. All right, Gino, I have been waiting for this day.

Years ago, I said, I can't wait to get on the Movers and Chickas podcast. I'm not ready. I'm not

ready. But here we are, man. I don't think I'll ever be ready, but we're doing it. You know, Nico, I'm still not ready to do a podcast. And this is like my

500th episode. So you just never are ready. And let's just jump in. Why multifamily? What,

me, you're a Spanish teacher, multifamily Spanish teacher. Those are probably the opposite ends of

the spectrum.

Yeah. Well, I ran into hardship, you know, so real estate was always on my radar, you know, as a kid even. I saved money. I rolled up money because I was going to buy a house and, and this,

I always loved real estate. But I then never had that really need to because I had my W-2 and I was surviving.

Up until about 2018, I hit some pretty hard times and I couldn't really afford my house anymore.

And at that point is when I started thinking about some alternatives.

So I read the Purple Bible, like everybody does.

It's kind of like a broken record at this point. But I learned about

businesses and real estate, which is how I should be investing. And I ended up starting with a

business. You know, I built a little wood shop in my basement and I was selling cutting boards

and other furniture items for a couple of years and I I was burning out. I was at the point where

I was working like 20-hour days, and I said, there's no way I can sustain this. So then I started

thinking about passive income as a way to have my money work for me, because that was just completely

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