“Your network is your net worth.” In the real estate industry, this phrase has become much more than a buzzword. Networking is now one of the most powerful tools for growing your business. Not only does it create a shortcut to success, it also establishes a long-term relationship that helps drive leads and generate referrals.
In today’s episode of the Experti(ish) Podcast, our guest, Nic Cooper will talk about why having a network is the most important thing you can do to quickly grow your real estate business. He will also discuss the importance of working with professionals, coaches, and mastermind groups to boost your real estate investment game.
His advice to anyone who wants to make it big in real estate business:
Nic Cooper is the Principal at Hudson Blue Multifamily. His passion lies in creating solutions for investors, exploring opportunities in growing markets, and underwriting deals. He brings over 15 years of real estate investing experience and has grown the Hudson Blue Multifamily portfolio to 24 units with his partner.
Enjoy!
In This Episode
1:19 - Backstory of Nick Cooper
7:45 - The benefits of having a network
17:34 - What motivates him to pursue real estate investing
23:04- Why working with a tax professional is a smart move
29:47 - His painful experience in property investment
35:36 - His advice to active duty military on buying a house
49:39 - The difference between motivation and discipline
55:32 - Why having an asset manager is important
1:04:48 - Why hiring a coach is an investment
Favorite Quotes
"So it's like, can I give my family something that will last after I'm gone? Even like income from retirement, that's taxed. Now with my real estate, because of all these tax breaks, I basically pay no taxes on it, legally. I tell my accountant like this can't be right. I have no taxes this year on all this money? Yeah, none. And I'm like, I don't know. I'm afraid to knock on the door and come get me. But it's all legally done."
"Hooking up with someone who was doing what you want to do right, was the way to go. If you want to go fast, go alone. If you want to go far, go with someone else. That's the only way you're gonna be able to do it."
"The great thing about multifamily is that you have people of professions that this is what they do. They're linked up with teams of other professionals."
"Your network is your net worth. So the people you're around, it's what's going to find you the stuff."
"I counsel people, especially in the military, like do not buy a house in a duty station unless you're ok at being a landlord. Well, I don't wanna be a landlord. Then you shouldn't buy a house. You should rent. Put your money in someone else, like a multi-family or anything else, like storage or something like that."
"People think that this home they're buying is an investment. If it doesn't make you money, it's not an investment."
"Discipline is what's going to get you that next deal, that next side hustle."
"Education is important, but most important I think is finding a mentor or finding someone doing what you want to be doing and link-up with them."
"I want to help people avoid mistakes I made and get to a point where I can make wealth. I'm not there yet, but I'm definitely well on the path."
Engage with Nic Cooper
Call (619) 990-8848
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
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