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Entrepreneurs on Fire

Nick Ruiz: How to make a million in real estate, and how to lose it

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.84.1K Ratings

🗓️ 25 November 2014

⏱️ 33 minutes

🧾️ Download transcript

Summary

Nick is a TWICE self-made real estate entrepreneur who started from scratch and became a millionaire by his mid-20's. The big crash in 2008 forced him into bankruptcy, but he created financial independence AGAIN after his bankruptcy with real estate entrepreneurship. He blogs about his journey and strategies at AlphaHomeFlipping.com

Transcript

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0:00.0

Entrepreneur on fire 765.

0:04.0

There's always going to be a rainy day. Be prepared, be conservative. Don't overstretch or overlever it.

0:09.2

John Lee Doomis is here with your daily dose of inspiring entrepreneurs. Welcome to Entrepreneur on fire and prepare to ignite.

0:20.0

Peace of mind for just $5 per month. That's back plays online back up for you. Back up before you wish you had.

0:28.0

Listeners can get a risk-free, no credit card required, free trial at backplays.com slash fire.

0:35.0

Video courses available for all experience levels, a way to linda.com.

0:39.0

And I've worked out a deal to give you a special offer. Access the entire library for free for seven days at linda.com slash fire.

0:47.0

That's L-Y-N-D-A.com slash fire.

0:52.0

Entrepreneurs near and far. John Lee Doomis here and I am fired up.

0:57.0

During your art feature guest today, Nick Ruiz. Nick, are you prepared to ignite?

1:04.0

I'm ready to light it up, brother. Yes. Nick is a twice self-made real estate entrepreneur that started from scratch and became a millionaire by his mid-20s.

1:14.0

The big crash in 2008 forced him into bankruptcy, but he created financial independence again after the bankruptcy with real estate entrepreneurship.

1:23.0

He blogs about his journey and strategies at alphahomeflipping.com. Nick, I've given fire nations just a little insight.

1:31.0

So share more about you personally. The next bound upon the best.

1:34.0

Yeah, well, I mean, I've been an entrepreneur pretty much since I can remember even going back to like grade school days. Some of the moves I made, I'm like, really?

1:42.0

I did that now that I'm older. I connect the dots. I mean, really? We won't go into all of them, but some of them are pretty outrageous.

1:48.0

But I always love to buy and sell, connect with people and it just it was fun to me.

1:53.0

I mean, since I was a kid, so, you know, I tried a lot of businesses throughout high school, even some multi-level marketing businesses.

2:01.0

And some of them were good because they taught me salesmanship, gaining rapport with people, shaking hands, getting out there, getting out of my comfort zone,

2:08.0

which obviously is a key, as you know, for all entrepreneurs. You've got to do things you're scared of as often as possible for real growth.

2:15.0

Boom. So, then I was like, you know, I kind of got a job when I was 18, 19 years old working in a family business.

2:22.0

And I just knew I didn't want to be an employee, even though it was for family, I wasn't making much money.

...

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