Turning Failure into Big Profits in Real Estate

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 24 September 2021

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Reset King, Nick Aalerud, shares how he handled failures and setbacks to build and scale a vertically integrated real estate investment company. Nick has learned to reset and come back bigger through turning failure into big profits in real estate by incorporating wholesaling, fix and flip, buy and hold, property management, and debt services. He has now built an organization in which each group feeds the others.

Video replay of my interview with Nick Aalerud about Turning Failure into Big Profits in Real Estate:

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More about Nick Aalerud and Turning Failure into Big Profits in Real Estate:

Greater Boston’s #1 HomeBuyer, multifamily owner, best selling author, speaker, a mindset and real estate coach, Nick Aalerud and his team have a HomeBuyingdivision in Greater Boston and Southern NH where they work to help at least 100 homeowners per year, a Property Management firm that works to add significant value to investor’s portfolios, a Short Sale / Debt Settlement Firm that helps get homeowners out from their heavy debt, a Retail and Investor-Friendly Sales Brokerage, a host of the “Shut Up And Do It” Real Estate Podcast where he shares stories of other business owners who overcame their own challenges, and a coaching division (REI Ignition and REI Accelerated) where the focus is to create 100 Financially Free Families each year.

Having been through his own short sales, a foreclosure, crawling back from $400K in bad debt, losing hundreds of thousands in rehab lessons, and even a brush with the SEC when he aligned with the wrong people on large multifamily syndications… and two divorces…

He’s learned what ultimately is the key to his success.

His new mission is to profoundly IMPACT as many people as he can, through his business ventures, through his coaching programs, through his charity and service work, and through his efforts at being the best Dad, soulmate, and team leader he can be

More about Nick Aalerud: https://www.AARealEstateGroup.com, https://www.REIAccelerated.com

Facebook: https://www.facebook.com/thenickaalerud

Transcript

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0:00.0	Hey everybody, thank you for joining us for today's episode of Real Estate Disruptors. Today we have
0:04.3	Nick Allerud with the AA Real Estate Group and he flew from Boston, Massachusetts, talk about how
0:09.7	failure and struggle is how he's built multiple businesses. If this is your first time tuning in,
0:15.4	I'm Steve Trang Sales Trainer for some of the top wholesalers in the country and I'm on a mission
0:19.5	to create 100 millionaires. Question I get the most. How do I become one of the top wholesalers in the country and I'm on a mission to create 100 millionaires.
0:25.2	Question I get the most. How do I become one of the 100 millionaires? Information on this podcast alone is enough to help you become a millionaire in the next five to seven years. If you
0:29.1	will take consistent action, you will become one. If you want to get there faster, send me a message
0:33.0	on Instagram and we'll see if we're qualified to help you. If you get value out of the show today,
0:38.1	please tag our friend below, share us up with her right now. That way we can all grow together
0:42.8	and this is a live show. So please ask your questions for Nick to answer. You ready? Oh, I'm ready.
0:47.9	One ready. All right. So first question, softball, what got you in real estate? That's awesome.
0:53.4	Steve, first of all, thanks for having me. This is crazy. What got me in real estate? That's awesome. Steve, first of all, thanks for having me.
0:54.7	This is crazy.
0:56.1	What got me in real estate?
0:57.3	Well, you heard of the board game Risk?
0:59.0	Yeah, a long, long time ago.
1:00.5	There it is.
1:00.8	When we were playing his kids.
1:01.7	That's it.
1:02.2	Yeah.
1:02.6	Political science majors, all we ever wanted to do was dominate, global domination.
1:06.0	That's it, right? right and I had no future once I graduated with political degree politics degree but BMA a bunch of my buddies were around the table and playing risk and five of them
	...

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