About this episode
Undeniably, investing in rental properties is a huge decision in itself. That being said, the thought of doing it remotely is enough to make people a bit wary. Today’s guest, however, was able to successfully invest in rental properties remotely and was even able to build a portfolio of 48 doors in just 2.5 years!
Nick Giulioni is a rental property investor from the Bay Area. While he once worked as a successful e-commerce channel manager for a tech company for many years, he decided to give real estate a try after having his job threatened multiple times. After trying house hacking, he went into out-of-state investing and has not looked back since!
In this episode, discover how Nick invests in rental properties remotely through owner financing, what he loves about it, and his thoughts on the pandemic’s impact on the real estate market. You’ll learn so many interesting real estate insights and wisdom in today’s episode, so don’t miss it!
- His thoughts on the pandemic’s impact on the real estate market and what he’s changing as a result
What he loves about rental property investing
His background and how he got into real estate
Some things he changed in terms of property management to prevent any possible loss in the future
The value of holding one’s own security deposits
The importance of having third-party audits of the bookkeeping
Why you should consider diversifying your property management
How he knew he can purchase properties remotely and what its upsides and downsides are
What a turnkey provider does
How he was able to scale his portfolio quickly
What seller financing is
One piece of advice he wished he got before he started
What the ideal scenario is for him
Links
BiggerPockets - https://www.biggerpockets.com
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene - https://www.amazon.com/Long-Distance-Real-Estate-Investing-State/dp/0997584750
Unpacking Seller Financing blog post by Nick Giulioni - https://www.biggerpockets.com/member-blogs/12953/89429-unpacking-seller-financing
The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone - https://www.amazon.com/10X-Rule-Difference-Between-Success/dp/0470627603