143: Quitting a 6-Figure Job to Go Full-Time in Real Estate with Nick Baldo

Episode • Oct 8, 2015 • 1h 0m

On this episode of the BiggerPockets Podcast we sit down with a real estate investor who quit his six-figure full-time job at a Fortune 100 company to pursue his real estate investing dreams. Our guest, Nick Baldo, shares his story of starting with nothing and turning that into a sizable business that both flips and rents houses. Oh, and Nick isn’t even thirty yet! Don’t miss this informative episode of the BiggerPockets Podcast!

In This Episode We Cover:

How Nick got into real estate
Where he is currently investing and the typical prices of houses in his area
How he began flipping houses when he was just 23!
Where he got his funding
How he was able to do business with a private money lender
Lessons learned from the first deals
The importance of ARV analysis
Why he took that first step despite the lack of knowledge
The ins & outs of transitioning from flipping houses to house hacking
How to handle real estate investing as a business
How to scale your business by building systems
The online tools he uses for managing his business
How to use networking as marketing
Where Nick’s business is today
Tips for those who want to quit their jobs and become full time investors
And SO much more!

Links from the Show

Books Mentioned in this Show

FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani and Clay Davis
The Millionaire Real Estate Investor by Gary Keller
Think and Grow Rich by Napoleon Hill
Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill

Tweetable Topics:

“There are always people with extra money not knowing what to do with it.” (Tweet This!)
“It’s impossible to get started without your character.” (Tweet This!)
“We did things as a business that had a 100 rentals would do it.” (Tweet This!)

Connect with Nick

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