Bigger Pockets
Front Row Dad’s
Warrior On Fire
Real Estate Guys
The Complete Dealflow System
Collective Genius Mastermind
*Intro and outro music are from an original piece by
Carl Zukroff of The Blue Hotel
Nick Aalerud
Nick’s Bio
Nick’s Podcast
Nick’s Website
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You have stumbled on to another episode of Get Your FILL, Financial Independence and Long Life. As you may be able to tell from my voice, I have something wrong with me. I don’t know what it is. It could be the coronavirus, it could be a sinus infection. But my throat is raspy and I’m sneezing and coughing. Oh no, oh my God, so I’m gonna quarantine myself. Luckily, you won’t catch anything through the radio waves.
I’m really psyched about our guest this week, for a lot of reasons. One is that he’s really a successful person: he’s a best-selling author, he’s an accomplished speaker, he’s an educator, trainer, he’s come up with the systems manual for real estate investing called, The Complete DealFlow System. But he hasn’t always been a success. And that’s something that I think is important for us to realize when we have, a lot of us, been investing in a market that’s going up, up, up for the last eight years. So, Nick, can you tell us about your first not-so-successful real estate transaction, your entre into real estate?
N: Yeah, so I was working at a Bank in Boston and they had me working a good amount of time like 60, 70, 80 hours a week and they had me working weekends and I just remember it was exhausting, and I was having some neck and back issues ’cause of the stress, and they sent me across the world, actually, to train a whole team. It was a great experience and I have nothing against it, but that was the catalyst for me just knowing that there was a better way. I want a little more freedom.
I didn’t need a lot of freedom, I was still young, right, but I needed something. I wanted something where I could control my time a little bit better.
And I, just like many people maybe, I saw an infomercial on TV once it was John Beck’s Tax Lien Free and Clear System and it was telling me – I knew nothing about real estate, I was a banker, so nothing – and it was showing me how to buy real estate with pennies on the dollar with none of my own cash or credit and I’m like, “Well that looks kind of cool.” There’s a whole side story to that where I actually lost a board game, and I only bought the program because I was depressed that I just lost a board game. But we won’t get into that, right?
So I bought this thing, it was 50 bucks online. It shows up in the mail and I read through it. I’m like… I learned a lot about tax liens, what this and that is… And it says if you’re serious about real estate investing, call this number.
I guess I’m serious. So I called the 800 number and the best sales people in the entire world – ’cause I still didn’t have a lot of money, I’m fresh out of school and trying to work, pay the bills, and get my own place – the best salesperson in the world talked me into my first $6,000 over the phone, coaching, bootcamp, guide thing.
I didn’t get a lot out of that coaching except, they got me to read the Rich Dad/Poor Dad book. I assume you and most of your guests have also mentioned that book. And if they haven’t, here’s another plug.
C: Yes, I often have a link to that book because it’s a lot of people’s favorite book.
N: It was the book that changed
