Those of us with analytical minds tend to be fairly risk averse.
But entrepreneurship requires that we move forward with incomplete information.
So, what can we do to overcome that fear of the unknown and get into our first real estate deal? How do we develop the confidence to figure things out as we go along?
Nicole Gauthier is Founder of Wicked Holdings, a real estate investment community focused on social change and community empowerment.
Nicole was an accountant in the oil and gas industry before transitioning to real estate, and she has a heart for helping busy professionals build generational wealth through multifamily syndications.
On this episode of Financial Freedom with Real Estate Investing, Nicole joins us to discuss how the mantra ‘progress over perfection’ helps her overcome the uncertainty of investing in real estate.
Nicole describes how her education and experience as an LP gave her the confidence to become a multifamily operator and explains how to develop transformational relationships with investors.
Listen in for Nicole’s advice on approaching a potential mentor and learn how to overcome analysis paralysis and take the calculated risks necessary to get into your first real estate deal!
Key Takeaways
Why Nicole got into real estate
- Help others on journey to diversifying assets
- Protect downside from volatile oil & gas industry
How Nicole got into real estate
- Joined mentorship program for residential
- Found deal posting on Craigslist
How Nicole overcame being risk averse
- Knew corporate America not for her anymore
- Confident in ability to make it work
What inspired Nicole’s transition to multifamily
- Based in competitive Houston market
- Challenge to scale quickly in single family
What gave Nicole the confidence to do multifamily
- Learning takes away fear
- Experienced process as LP first
How Nicole avoided analysis paralysis
- Progress over perfection
- Knew she would find her way with time
What Nicole learned as an LP that informs her role as GP
- Operator more important than deal itself
- Build transformational relationships with investors
How Nicole got into her first multifamily deal as GP
- Approached experienced operator with questions
- Became mentor and asked her to raise capital
Nicole’s advice on connecting with a mentor
- Share strengths and offer to provide value
- Don’t expect anything in return
How Nicole scaled her company
- BRRRR deal, vacant lot, 148 units as LP, 24 as GP
- Focus on investor relations and raising capital
Nicole’s approach to raising capital for multifamily
- Work connections in oil and gas industry
- Understand what individual investors want in deal
Nicole’s outlook for the next 12 months
- Not fearful of high interest rates, refi in future
- Getting into STRs and develop duplex project
Related Articles
Getting Into Passive Investing Deals
The Pros and Cons of Passive Investing
Connect with Nicole Gauthier
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Resources
Download Michael’s Deal Maker Blueprint
Explore Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Access Michael’s Free Resources in the Freedom Vault
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank
10X Is Easier Than 2X: How World-Class Entrepreneurs Achieve More by Doing Less by Dan Sullivan
