Episode Details

Managing over 6 million dollars of real estate while being a Full time Spanish teacher in New York- Nico Salgado

Season 1 Episode 4 Published 2 years, 7 months ago

Description

Welcome to the Stay Ready Real Estate podcast where we stay ready so you dont have to get ready. Today, Nico shares his story of resilience and resourcefulness. Faced with the challenge of not seeing the financial progress he desired through his hard work, he embarked on a quest to discover alternative paths. Always harboring an interest in real estate, Nico navigated through trial and error until he stumbled upon the transformative world of multifamily real estate. Tune in to discover how this decision has forever changed his life!

00:58 Who is Nico?

01:30 Nico’s origin story to how he got into real estate

06:00 Nico’s strategy to financial freedom

07:30 Why real estate over stocks

09:00 How long it took Nico to get his first deal

10:30 What is a syndication

11:50 How can you trust people with your money as an Limited Partner

13:20 Two main ways to get into a multifamily deal

15:00 Building strategic relationship/resources in multifamily

18:00 Key to long distance investing

19:00 One piece of advice to the aspiring investor

19:25 Same 3 questions