The Pros & Cons of the Apartment Investing Game in 2024 | Eric Nelson E179

The Rich Somers Report

Rich Somers

Business, Investing

5.0 • 1K Ratings

🗓️ 25 April 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode Rich sits down with Eric Nelson - Entrepreneur, Real Estate Investor, Founding Partner of Wild Oak Capital, and Host of “The Real Estate Mindset” Podcast. Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. He has been investing in real estate for over 10 years, and currently has over 650 units under management, with a tea...

Transcript

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0:00.0	I love multifamily, it's harder now to find a deal, but I was telling you before, I feel like people are kind of phase and out a little bit.
0:06.8	Like if you were new and you started a year ago and you underwrote 40 deals, which happens a lot, right?
0:12.3	No deals work. A lot of people like, screw that I'm moving on. wrote 40 deals, which happens a lot, right?
0:12.8	No deals work.
0:13.5	A lot of people like, screw that, I'm moving on.
0:15.4	And so we can get into this, but like, I just feel like people aren't super
0:18.1	honest about multi-family.
0:20.2	Welcome to the Rich Drummers Report,
0:21.6	where we talk real estate, business, wealth building all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
0:34.5	All right guys, guys, welcome to another episode of the report today.
0:37.7	I guess someone who I've actually recorded two podcasts with in the past,
0:41.4	we go back a few years now. He was a guest on the real
0:44.7	estate take off my old podcast and I was a guest on his podcast. I believe that was the
0:49.1	first time we met and last time we connected was at a meet-up, our beers and deals,
0:53.8	meet up a couple years ago here in San Diego.
0:55.8	So good to have you back on.
0:57.4	He's got a thousand units as a GP in the multifamily side.
1:00.4	I got my man, Eric Nelson.
1:02.1	And Eric, welcome to the show.
1:03.0	Rich dude. My honor to be here. Thanks for having me. Yeah I love to fly into San Diego love the city. Love what you're doing so my honor to be here.
1:10.0	I appreciate you man. It's not a bad city to fly in too and do a little visit. You got a bad city to fly in too and do a little visit?
1:14.0	You got a family out here, right?
	...

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