Getting Started and Staying Started in Real Estate Investing

Whitney Nicely went from no investments (or strategies) to 19 houses, 19 apartment units and 7 chunks of land in less than three years all bringing monthly money to her bank account on autopilot. She has traveled the United States speaking on stages, teaching her simple strategies, and meeting with other successful real estate investors- and still buying houses the way she teaches others. Since 2016, Whitney has led and trained hundreds of future real estate rock stars to grow their portfolios, collect checks and achieve financial freedom. 100's of real estate newbies are securing leads, signing deals and scaling their dream incomes through the First Deal Done Fast Program.   Podcast Highlights     Who is Whitney Nicely? Whitney is a local small town girl that had a big dream to break into the good old boys club. She was born into an entrepreneurial family and she noticed that real estate investing was dominated by men. She decided to push the bounds of what women should be doing and what being a real estate investor means.     Why did you choose real estate investing?   Whitney’s mom was an old fashioned real estate investor and was the inspiration, in a way, for her to try it out. Instead of showing her the ropes though, she taught Whitney to stay started and learn for herself. She gets more done by dealing with the things that are right in front of her instead of the things she could worry about that probably wouldn’t happen.   How did you go from girl scout cookies to real estate?   Whitney was raised by people with the mindset of “if you want something, go out and do something.” She started her career flipping furniture, moved on to flipping dump trucks, and graduated to real estate after helping her mother flip a rental house. This is where she discovered her love of the world of real estate investing.   How difficult was the transition?   It wasn’t very difficult at all. You start with something small and you grow into more zeros and commas. Most people can save enough money each month to invest in real estate. Give yourself permission to move forward.   Did being a fourth generation entrepreneur help you growing up?   Being in an entrepreneurial family has both advantages and disadvantages. Whitney has always been very comfortable in the world of business, but it also comes with tremendous pressure for her to not fail. Whitney didn’t jump into the deep end of real estate investing right away, she worked four jobs before she bought her first property. Go slow and steady, and when you are ready, pull back on your time at your other job when you need to.   Can anyone who wants to, do this business?   Everyone has the same problems. There are opportunities everywhere and anyone can get started by starting small. Starting something like real estate can seem scary from the outset. When you focus on your seller and buyers, that takes the pressure off you. Your goal in this life should be to help as many people as you can, keep your efforts small, personal, and smooth.   Why shouldn’t we talk to realtors?   Realtors are in the service business of helping people who don’t have the time to do the research themselves. The best agents are investors, and the best investors don’t have a license. Agents are necessary, but for investors, this is not the best option. If you want to get started, stop watching television. You will instantly have three more hours each day for you to get out there and make some money.   What does your team look like?   Whitney has an accountant and a lawyer that takes care of her main operations, but Whitney takes care of the people side of the business herself. You don’t need a team to succeed. You don’t need money to start, you need a contract. After you get the first deal done, the rest becomes easy. You don’t need an LLC or a website to get started.   Why aren’t more people doing this?   People’s pride is stopping them. Adults have seen their friends and family fail, and their pride is preventing them from even trying because they are afraid.   Whitney’s Takeaway   When Whitney went to her first real estate boot camp, she talked to her boyfriend who declared that she had wasted her time and it was never going to work. Even after her initial success in the first year, he continued being negative until she broke up with him. If you have a negative person in your life telling you it’s never going to work, tell them to sit down and watch.   Links: whitneynicely.com Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!