10.05.2022 - By BiggerPockets
If you pay attention, you’ll notice there is a game being played. The sooner you realize this, the sooner you can play to win. The game of life has various components, but the top one percent has mastered the game of money and finance. Once you start playing, your financial fear becomes irrelevant. After all, it is a game—and you’re supposed to have fun.
Today’s guest, Nick Troutman, started playing the game after his second child was born. His fatherly instinct kicked in, and he had a deep desire to provide. He started researching investing, money, and finance—his friend recommended BiggerPockets, and the rest was history. Now, Nick has four rental properties with seventeen units, including a nine-unit apartment.
As a professional athlete, Nick is on the road for six to ten months, which exposes him to various housing markets. This exposure helped him narrow down his scope of locations to invest in. Ultimately he decided to invest in Tennessee and Georgia. Nick’s open and optimistic approach to life has helped him create his dream life as a father, husband, professional athlete, and investor.
In This Episode We Cover
The “game” of money and finance and how to play to win
Overcoming provider syndrome and how to use it to your advantage
The BRRRR Method and why it’s one of the best ways to get into real estate
What to consider before investing in a new market and why you should invest in familiar markets
Price-to-rent ratio and making sure you’re charging the right amount for rent
Fear vs. danger analysis and how to use it to start eliminating fear in your life
And So Much More!
Links from the Show
Ashley's Instagram
Tony's Instagram
MLS
Airbnb
BiggerPockets
BiggerPockets Calculator
Real Estate Rookie Facebook Group
16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time
BiggerPockets Instagram
The Real Estate Podcast
BiggerPockets Forums
Zillow App
Real Estate Rookie Podcast
Connect with Nick:
Nick's Instagram
Nick's Podcast
Nick's BiggerPockets Profile
Great Family Adventure's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-223
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