Episode 68: Nick Aalerud New England Investing Master

If you’ve been following my podcast like I know you have, then you already know that every successful real estate investor has fallen down more times than they can count. Failure is always an option. Success feels great, sure, but it’s only when we fail that we actually learn the biggest lessons. That’s why I brought Nick Aalerud onto the Real Estate Investment Profit Master Podcast. He didn’t become a profit master overnight. He had to lose $400,000 first before he learned the ins and outs of this business. And the advice he offers today will be invaluable to all of you up-and-coming investment masters listening in.

Nick used to be an investment banker in Boston, and he’ll be the first to tell you that the job sounds way more glamorous than it actually is. The grind quickly turned into 80 hour work weeks, and no one can sustain that for too long. As a joke, Nick answered one of those late night real estate infomercials. And while it may not have been the most fruitful decision at first, it ultimately changed his mindset and put him on the path to becoming the real estate investment master he is today.

Today, Nick talks about exactly what turned him into an investment master. We get into all the nitty gritty, the good and the bad, and you’ll never believe how a Las Vegas hypnotist and a bottle of shampoo changed Nick’s working attitude. Because you never know what will be your inspiration or your motivation, you just have to be sure to take ownership of whatever it is that inspires you. Tune in now so you don’t miss out on how you can turn your failures into your real life investment inspiration.

MINUTE MARKERS

3:35 - Why can’t Nick grow a beard?

4:00 - Nick breaks down his real estate expertise

4:57 - What made Nick get involved with real estate investing?

7:01 - Who was Nick’s biggest influence in real estate?

12:21 - Nick’s big breaking point

21:20 - Nick shares his biggest and best investment strategies

24:41 - The greatest lesson Nick ever learned

29:14 - Nick’s favorite motivational quote

31:15 - Nick’s favorite books

33:10 - What apps is Nick using right now?

38:03 - Nick thrives off 5 hours of sleep

38:47 - Nick’s morning routine

43:19 - What is Nick most grateful for?

44:55 - Nick recommends finding a mentor sooner rather than later

50:22 - Nick shares how his motivation in this industry evolves with him and his business

51:40 - Get in touch with Nick on Facebook

RESOURCES

Shut Up and Do It Podcast

AA Real Estate Group

John Beck

Marshall Sylver

Andy Wilson

Eben Pagan

Rich Dad Poor Dad by Robert Kiyosaki

Cashflow Quadrant by Robert Kiyosaki

ClickUp

Five Minute Journal

Texpand/TextExpander

Grammarly

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QUOTES

I probably should have just grabbed a coach or mentor at that point and went for it. - Nick

It's not even about the number of rehabs, let’s talk about cost per lead and cost per deal and drill down to really how much – what's a dollar per hour. - Nick