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Get into the Real Estate Mindset with Eric Nelson
Manage episode 355395171 series 3420528
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From engineering to creative real estate endeavors, Eric Nelson has found his groove in multifamily apartment investing. He uses his expertise to help new investors get into the real estate mindset. If you are hesitant about passively investing in real estate, Eric will encourage you to take action.
LISTEN FOR THIS
- Eric first got into the real estate investing biz by buying a house where he was going to college and renting it to his college friends. After a few more single family home investments, he bought a six unit multifamily apartment from a man putting up a “For Rent” sign and the rest is history!
- Two hurdles for new investors in apartment investing is assuring them it’s not a pyramid scheme and then to help eliminate the fear of trying something new. What a lot of new investors don’t realize is apartment and real estate investing like this has been around for a long time but it was only accessible to the ultra wealthy. It’s how the rich earned most of their wealth.
- When your investment is in the stock market, you don’t have access to the people who are running the companies you have stock in. You can’t ask them questions or get updates on what’s happening. When you invest in a real estate syndication, you have access to the very people who are managing it. You’ll get updates and get answers to all your questions.
- It’s a good idea to understand the timeline of an apartment investment as it’s different from investing in the stock market.
- What is the “worse case scenario” in an apartment investment?
QUOTES
“Be patient and don't be afraid to spread your money out over a couple deals.”
“Maybe you just want a little bit safer investment… that's kind of where I encourage people to step away from the traditional path of the 401K…believe in real estate .”
ABOUT ERIC NELSON
Eric has been investing in real estate since 2007 and for two years in larger multifamily apartments. Eric and his team at Wild Oak Capital offer investment opportunities in multifamily syndication. Eric is the host of the Real Estate Mindset podcast. He has found a passion for coaching and sharing tips to success.
CONNECT WITH ERIC
Website: wildoakcapital.com
Podcast: wildoakcapital.com/podcast
CONNECT WITH US
Learn more about passively investing in apartment buildings:
Website: hansenholdings.com
Free Webinar Training: hansenholdings.com/webinar
Schedule Call with Matt: Schedule Intro Call
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