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Disruptors

Turning Failure into Big Profits in Real Estate

Disruptors

Steve Trang

Business, Investing, Careers

4.9 • 742 Ratings

🗓️ 24 September 2021

⏱️ 75 minutes

🧾️ 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: Subscribe to Our YouTube Channel 👉: for more great free content! Share this with someone who would value this information. 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 Instagram: https://www.instagram.com/nickaalerud Info@AARealEstateGroup.com Takeaways from Turning Failure into Big Profits in Real Estate: Look reset as a chance to pivot yourself to do what is right. Take responsibility for your failure and rise from it. Establish processes and procedures for mitigating problems. Time-block your relationships, spirituality, and body. Culture starts with the leaders, and then it will gradually manifest to its members. Don’t let perfect get in the way of better or done. Just do it. For partnerships, expecting it to succeed is better than expecting it to fail. Learn to let go and move forward for the best. Focus not only on money but also on being of service and impact to your team and sellers. Subscribe 👉: Helpful Links Buy our Perfect Seller Appointment Checklist. https://www.disruptors.com/checklist Want to close more deals without spending any more money? Go to 👉:https://www.disruptors.com Give us a follow: Instagram: https://www.instagram.com/steve.trang TikTok: https://www.tiktok.com/@stevetrang Facebook: https://www.facebook.com/stevetrang Twitter: https://www.twitter.com/stevetrang Real Estate Resources: Find out more about wholesaling by joining our movement at https://l9aljqz8k7.wpdns.site Join Our Private FB Group: https://www.facebook.com/groups/realestatedisruptors/ Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Need fast, reliable skip tracing? https://www.skipfast.com About Steve Trang Steve Trang (https://www.stevetrang.com) is the founder of the Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has now grown to tens of thousands followers with new members of the community sharing their success story every week. Steve also created the OfferFast Homes app. The purpose of the app is to help wholesalers jump start their career faster by putting all of the buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling. Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want, if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s essentially one of the core values Steve lives by. Since starting the Stunning Homes Realty in 2013, the brokerage has over 130 agents. In the greater Phoenix area, SRH has almost 1% market share. One out of every 137 homes in Phoenix metro is sold by Stunning Homes Realty (https://www.stunninghomesrealty.com). The post Turning Failure into Big Profits in Real Estate appeared first on Real Estate Disruptors.

Transcript

Click on a timestamp to play from that location

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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