In this episode, Chris interviews Nick Elder, a former pharmaceutical sales employee turned real estate investor, who started by purchasing properties for house hacking and then progressed to multi-family properties and syndications. Currently, Nick is a relations representative at Ironton Capital. Nick highlights the importance of networking and goal-setting in changing career paths.
Nick’s first house hack was in North Denver, a 3-bed, 2-bath property that already had two tenants paying $1,900 in rent before he even moved in. Although renting out rooms individually provides excellent cash flow, Nick notes that it can be more difficult to manage.
Additionally, after realizing the steep learning curve of the real estate market, Nick explored the private equity side and the syndication model, focusing on multi-family properties that offer greater control over valuation. He is also experimenting with passive investing, which allows individuals to leverage the expertise of building and fund operators without conducting due diligence. This frees up time to identify the right person to invest with.
Finally, through his winning mindset and flexibility to pivot to better plans, Nick built a successful career in real estate. This episode is for anyone interested in learning about house-hacking, multi-family properties, and passive investing strategies.
In This Episode We Cover House HackingNeed some accountability buddies? Join our monthly House Hacking meetups!
Use our tool to build a model buying house hacks to see how cash flow and equity are built.
Nick Elder’s LinkedIn
Nick Elder’s Instagram
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!8 Simple Questions to Clarify Your Real Estate Investing Strategy
Guide to Choosing the Best Real Estate Investing Strategy for YOU
Active or Passive Investing? Picking a Strategy that Works for You
Why Lon Welsh Is Going All In on Passive Investing
State of the Market: 4 Moves You Can STILL Make in Your Real Estate Portfolio Today
When Hard Money Lending Can Help You Profit on Your Fix and Flip
State of the Market: 6 Cash Flowing Colorado Rental Properties You Can Invest in Today
Getting $250k Cash to Replace Lightbulbs? A Creative Method for Pulling out Equity in an Office Building Refinance
State of the Market: Should I Still House Hack in Denver?
May 2022 Residential Roundtable Denver Market Update
4 Factors That Will Help You Thrive in a Shifting Market
Where Should You Invest $50k in Colorado?
We’re Hiring! Pueblo Investor Friendly Agent
From Unfulfilling Desk Jobs to a $1 Million House Flip
Denver Commercial Real Estate Q1 Market Updates
Loftium’s Host to Own Program Review: Can You Really House Hack with Almost No Money Down?
April 2022 Residential Roundtable Market Update
Property Llama Goes to New York
Lessons Learned from First Time House Hackers in an Englewood Duplex
Short Term Rentals: Minimize Headaches. Maximize Cashflow.
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast