Digital Social Hour - Best Investments, Making Money with Wholesaling & Cutting Out Negativity | Nick Luevano DSH #258

Episode Date: February 1, 2024

Nick Luevano reveals how he made his first million wholesaling real estate, where he sees the future of the real estate market and why he cuts negativity out of his life. APPLY TO BE ON THE PODCAST: https://forms.gle/qXvENTeurx7Xn8Ci9 BUSINESS INQUIRIES/SPONSORS: [e-mail] SPONSORS: Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to https://www.RocketMoney.com/DSH LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

So how long did it take you to get your first deal? Did you have like a mentor on the way? Were you watching videos, courses? Absolutely no mentor, which I should have done. Like again, the mentorship, a legit mentor, obviously, is going to cut the learning curve. For me, I chose, I was YouTube University. Wherever you guys are watching this show, I would truly appreciate it if you follow

or subscribe. It helps a lot with the algorithm. It helps us get bigger and better guests, and it helps us grow the team. Truly means a lot. Thank you guys for supporting, and here's the episode. Welcome back, guys. Got a great guest for you guys today. If you are interested in real estate or wholesaling, I got Nick Lovano in the building, Flip King. How's it going? Amazing. Great to be here, Sean. Yeah, it's good to finally meet in person, man. Yeah, I've obviously been a couple of your events. Good to finally kind of get in depth today. Yeah, I've seen what you've been doing for years. Very interested in the model. How did you get started in wholesaling? Actually, first of all, what is wholesaling? So wholesaling is essentially being the middleman, right? Essentially

you are the middleman between the seller and the actual end buyer. So essentially a good example would be if I offered you a hundred thousand for your property, keep it super simple. And I, you know, found a buyer who was interested in that property. And I said, Hey, I have this property, you know, you can flip it or you can turn it into a rental and the cost is $130,000. Well, that buyer is going to do his due diligence, going to possibly walk it and agree upon that particular price. So the seller, you walk away with $100,000. I will keep the spread of $30,000 and that end buyer will end up purchasing it for $30,000 and either flip it, sell it for $200,000, $225,5, or just turn it into a rental. So you're

like the middleman. Nice. Yeah. In between. And how hard was it getting started? Did you need a lot of money? Did you need a lot of connections? So I tell people this, if you're out there and you are looking to get involved in real estate and a lot of people don't have capital, number one or number two, they don't have expertise. Flipping a house could be ridiculously scary, whether it's $100, $200, $500 million price point with no expertise. So for me, anybody looking to get involved, wholesaling is your way because there's no cash, no credit, and very little experience necessary to earn a profit. And with that profit, you can choose to reinvest it

and then obviously hopefully get into fix and flip rentals like I did down the road. I like the model because you're providing value on both sides. You're helping the seller find a buyer, helping the buyer find a house. Seems like it's a win-win. Yeah, a lot of times the seller's in different situations. They could be distressed, divorced, liens, judgments, a death, or they're just tired. They're 60, 70 years old they live in california but their property is in dallas and they're like i don't feel like dealing with it this guy's offering me x amount of dollars as is and i could walk away in 14 days cash right like so they're they're ultimately you know we we call ourselves a solution based you know company to where we're

going to create a creative solution to help out that so how long did it take you to get your first deal did you have like a mentor on the way were you watching videos courses absolutely no mentor uh which i should have done like if again uh the mentorship a legit mentor obviously is going to cut the learning curve for me uh i chose i was youtube university yeah i had a buddy of mine with a little bit of experience. So we teamed up and started door knocking foreclosures for 30 days. Wouldn't no one be inside though if it's foreclosed? No, the sellers are going through foreclosure. Oh, okay. So pre-foreclosure?

Yeah, pre-foreclosure or foreclosure with an actual auction date. Right. So you would knock on their door and say, hey, do you need help selling this? And foreclosures are very difficult, challenging conversation with anybody. They're going through a crazy situation. So for us, our pitch was like, hey, we heard about your situation with the bank. OK. Because coming at someone going through foreclosure saying, hey, we want to buy it's just a little bit aggressive right they think you're kind of manipulating them but possibly so we go in with that and to be honest i didn't get a deal uh you know doing

it that way for my first 30 days wow and that was tough we were driving from los angeles to sacramento california and we'd knock every foreclosure happening from LA to Sacramento. We'd leave on Thursday, Friday, Saturday, come back like Sunday. And no deal? Zero deal. Not even like a potential lead. Oh my gosh. And it wasn't until I started telling people throughout those first 30 days

that I was buying houses to where actually a referral. Shout out to today's sponsor, Rocket Money. Guys, you ever feel like money's just flying out of your account? Well, this app might be able to help you because there's something called subscriptions that are eating out your bank account every single month. And there's apps you don't know about. Delivery apps, streaming services, you name it. You're probably getting charged a monthly fee by a lot of companies and you don't even

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They were able to go through all of my credit cards, all of my bank statements, see what I was paying for on a monthly basis. And I found a ton of stuff that I don't even use, Honestly, I had an Xbox game pass that was being charged monthly. I don't even play games. That one was years old. And they also lowered some of my bills. My phone bill and my wifi bill were pretty high. They were over 150 bucks a month and they were able to cut down on those prices. So all in all, shout out to Rocket Money. Great product. So stop wasting money on things you don't use. Cancel your unwanted subscriptions by going to rocketmoney.com slash DSH. That's rocketmoney.com slash DSH. Link will be in the description below. Came to me. He said, oh, you know, I know someone who's going through a tough situation. You might want to reach out to them.

Here's their number. No experience. I'm like kind of shaking on the phone, talking to a seller for the first time. And that person ended up being 30,000 behind on taxes and also going through a foreclosure. And my first 30 days ended up getting that property in a contract with that seller and made 90 grand. Whoa. So you found a buyer and then you made 90 grand commission basically yeah we should have made a buck 40 if i if i knew what i was doing yeah it wasn't 30 days into the business we should have made 140 000 so what was that mistake that costed 50k i think that we were just so young right and we were just uh it was myself by my uh past business

partner we were doing the deal together but we were just so young and we should have purchased it ourselves. And so we just didn't want to, we didn't want the foreclosure date to take place. So we kind of just went with one of the first couple buyers. I can offer you this amount. And knowing, I mean, today we would have purchased that thing.

Yeah, because once the foreclosure hits, it's out of your reach, right? It goes to auction. It goes to auction. And the seller, the seller nor you i mean you're bidding on it now yeah so how long does a house stay in pre-foreclosure on average it just depends i think there's a lot of you know for us we don't target foreclosures pre-foreclosures anymore yeah um just because there's so many programs out there that that actually people could utilize tricks and all different sorts of depends on the seller, how savvy they are with the rules and regulations that took place.

So typically a house can be in foreclosure if the seller is really savvy and knows how to use Google. You're talking about six, nine, 12 months. Damn. Before an actual foreclosure date. Wow, that's a good amount of time. Yeah, especially, I live in California,

so it's foreclosure friendly. Yeah. I've heard that. Yeah. It must be rough being a house owner there, renting out to people. Yeah. And then squatters can take place. I've heard about that. So if they're in your house for, what is it, a month, they can live there? Oh, they can really camp out for six, nine months before you can actually get them out but in texas midwest oklahoma i mean it's a lot it's a lot uh more aggressive yeah so like the sheriffs with the right you know court date and stuff can get them out within like 90 days yeah i'd rather live somewhere like that personally yeah i buy a lot of houses in the midwest now not as much california yeah because specifically because of the tenant laws okay midwest is like

you know in and out yeah the sheriffs get aggressive they knock on your door and they can literally but for real like if you're putting so much money up wouldn't you want to feel like someone just can't come in there and live there you know what i mean it's a crazy thing because right in the beginning of a lease agreement, everyone's friendly. Yeah. Right? Maybe their credit check, you know, checks out, or maybe they have a, you know, a guarantor. Or at the end of the day, once they're in, they're moved in, they're in. Right. And it can get really crazy trying to get them out without paying. Have you had to deal with that?

I have. Jeez. I have. You know, we utilize some pretty good property management companies, and then we've, like, really focused in on the qualifications for who we allow to live in rental properties that we own. Yeah. So you're also doing rental properties?

Yeah. So we focus, I'd say like 90% of my business is wholesaling. Okay. Right? The other five is fix and flip. So traditional fix and flip, trying to buy one to two a month. And then the other 5% is just primarily cash flow, rental properties all throughout the country. So the beauty of the wholesaling business, it's a marketing business.

And you have contractual rights to purchase a property or to assign it to a buyer for a profit. Wow. So for us, when we contract a property, we don't just, okay, we're going to wholesale it and make 20, 30, 40, 50, 60 grand. So for me, I look at it, I'm like, what's the most profitable disposition? Wholesale it, quick money, 30 days. Flipping it, a bigger spread, you're talking about 90 to 120 days typically, or just take it down as a rental, cashflow, and appreciation all day. So you pick the model that makes the most sense for the property. That makes sense. And that's really the power of the wholesaling business,

which is essentially a marketing business, is you can figure out the most profitable disposition. Now, if you're new and you're like, man, I could barely afford gas, you're wholesaling all day. Until you stack up some bread. 100%. Then you have barely afford gas you're wholesaling all day right right or until you stack up some bread 100 then then you have more leverage and you're like well maybe I don't want to wholesale it because I don't need 30k or 40k yeah I could flip it make 90 or just boom start to build that empire what do you think of this new creative financing sub 2 method that's going

around everywhere I think it's interesting and I think that there's so many ways to make money in real estate. I personally believe a jack of all trades is a master of none. Right. So I like to focus in. I don't do very many sub-twos. I do lease options and things of that nature, but I think it's great. And I think if you're an investor out there, figure out what is going to be your one or two strategies, and then zone in. So I think it's great and i think if you're an investor out there figure out what

is going to be your one or two strategies and then zone in yeah so i think it's great a good buddy of mine i'm sure you know pace yeah it's like the sub two guy yeah and what's funny is i met pace before he was sub two pace uh i remember he came to my office with cody his business partner uh years ago before he really blew up to have a conversation about real estate. Yeah, he was doing like rentals for a while, right? Yeah, he came. I used to, my office was in Burbank. He came down with Cody, sat down with me and my business partner. We just talked real estate. And then boom, I just saw this guy. Take off, man. Skyrocket. By the way, I think, you know, Sub2, great. Just kind of, for me personally, you got to focus in, zone in on,

you know, one or two or three and then just you know take it all the way yeah so going back to that first deal where you made 90k i mean from there you've grown tremendously now you're doing over 10 mil a year right like what was that growth like you know i came from the network marketing industry and so i think that i was able I was in network marketing for five years, and that's really what catapulted my real estate business. A lot of people don't know this because in that business, I was able,

I got introduced to personal development, obviously belly-to-belly sales. I was public speaking, speaking in front of thousands of people, and I mastered the art of communication. So what took place was I just took my skills from network marketing and then just put it into a bigger vehicle. And I think that's what a lot of people really got to understand

is sometimes you're winning, but you're winning at the wrong game. Powerful. And for me, I was like selling products in network marketing where they were maybe the top of the top of the chain was like a three thousand dollar product and i tell people you can't make a fifty thousand or a hundred thousand or a hundred fifty thousand dollar commission on a three thousand dollar product yeah it's not happening no way so for me i just took the skills and put them into a bigger vehicle. And then obviously, systems and processes, procedures, hired some mentors, and then was able to scale to what we're doing today.

Dude, I love that. Because I put myself in the same box. I was doing low ticket e-commerce for a while. And once I made that switch to high ticket info products, high margin products, I mean, my life changed. Yeah, yeah. products i mean my life changed yeah yeah and it took me i think i started in maybe five to five-ish years to be able to realize this yeah sam and now people can listen to you know your podcast and kind of learn and say hey look i'm maybe i'm winning in the car business or i'm

winning in the uh i don't know network marketing business or the t-shirt business and it's just like hey i can i have a really powerfulet. What else can I structure and broker that could potentially give me a higher commission? Absolutely. I love that. I've also seen you talk about the importance of mindset on a few other podcasts. You talk about cutting negative people out of your life. Did you have that issue at first with a lot of people around you? You know, it's funny. My most negative people was when I was in the network marketing business. You know, people have that, like, perception of, like, the, you know, pyramid scheme, Ponzi, network marketing,

God's Top Makes All the Money. So I think that really, I guess, grew my tough skin. Tough skin. And so during that period of time i was able to you know realize disassociation limited association and then 100 just like you gotta go right and now it's difficult for me to have a conversation with anybody where it starts to turn negative because i'll just kind of get up and look for an exit because it's like i can't even fathom to exchange energy with anybody because it's not going to get anywhere.

Wow, I love that. Yeah, so it's like, and then obviously I grew up, I was like, you know, never marked, I was probably 20, mid-20s. You know, now I'm older and I'm just kind of realizing like, hey, as you grow income-wise, business-wise, it's like, you know, the people you're around or the people you let around you, like what are they really here for? I think that comes with maturity and obviously some big learning lessons. Yeah. is it's like, you know, the people you're around or the people you let around you, like, what are they really here for? Right.

I think that comes with maturity and obviously some big learning lessons. Yeah. It's not like, come over and here's this and here's that and that guy's over. And, you know, it's not any of that anymore, for sure. I mean, where I grew up, it was so normal just to gossip and talk like about people in high school that it took me a while to get that mentality

out of my mindset. You know what I mean? Now, when I'm around that, I'm like, can we talk about something else? Are you interested in coming on the Digital Social Hour podcast as a guest? We'll click the application link below in the description of this video. We are always looking for cool stories, cool entrepreneurs to talk to you about business and life. Click the application link below. And here's the episode, guys. Yeah, I think, biggest challenge, and I have a lot of consulting clients. Now I have my real estate investment business, and I have a consulting company as well.

And part of my, I guess, that program, the programs that I structure with my clients, is a portion of it is mindset. Because believe it or not, if you're not structurally sound in some capacity, finances, you know, spiritual life, your relationship, you know, whether you're a boyfriend, girlfriend, whatever it may be, and negativity is coming from even mom and dad, it's like, how can I operate at a high level?

Right. Right? So you got to really be careful on who you're around and most importantly, who you listen to. Yeah careful on who you're around and most importantly who you listen to yeah no i love that man because a lot of people do have negativity in the family like some people won't admit it but there's gonna be some jealousy at play in most families when someone's successful yeah it's a scary thing and like a lot of times you won't even notice it's happening no you don't it's like you know mom and dad are talking about x y and z and

then boyfriend and girlfriend are talking about x y and z and then your friend's talking about going to the bar tonight and you're just like dude you know it's just it's coming from all different places and you got to be really careful because you can end up you know wasting years yeah what type of sacrifices would you say you had to make to get to where you're at? I think the biggest sacrifice was in the first three years of real estate investing. I was obsessed with the business. And a lot of people ask me, how were you so focused or obsessed? I was working, I don't know, seven days a week, eight, 10 hours a day, trying to get the business up off the ground, reinvesting, so on and so forth. And I tell people the bigger

the why, the easier the how. And people are like, well, how can I stay focused? Or how can I not go out and party every weekend? Or how can I wake up? I'm like an old school real estate guy, so I'm usually up at like 4.30. And they're like, how do you do that? And I'm just an old school real estate guy, so I'm usually up at like 4.30. Wow. And they're like, how do you do that? And I'm just like, well, it's the reason behind why I'm doing it. Because once the reason behind why you're doing certain things is strong enough, the why, so simple with the why, then the how just slowly but surely becomes a habit. And then people start to gravitate toward that because they love for me i'm i'm very structured right oh it's like i said old school you know real estate guy i came up in

a world where i was like you're up pretty early yeah what was your upbringing like family importance or what was that dynamic like i'm blessed blessed both my parents uh believe in uh higher education which i still to this day still believe in i'm like which I still, to this day, still believe in. I'm like, I'm an advocate for education. Do I believe you need to go to college to become successful? Absolutely, positively, no. But I believe, I went to college, got a four-year degree at San Diego State,

and I believe it taught me so much, more or less along the facts of I was able to start something and actually finish it. Right. Where most people, for whatever reasons, may not. So I was really blessed. Both my parents went to college. They both worked corporate jobs.

And I think what I was able to see growing up was consistency, right? They were just the most consistent people Monday through Friday, waking up early, you know, going out. And they worked in the insurance business. So they didn't make bad money. I saw the fruits of their labor. That's commission-based, right? They were actually on salary.

They worked for these big companies, State Farm Insurance, the All Seeds. But they moved up the chain. And I think the biggest thing was just seeing their consistency and then seeing their fruits. And it taught me a lot. And then obviously my mom is like old school, Hispanic, like you're going to college where you're out of the family. High five. So I have three brothers.

All of us went to college and got degrees because it was like, you're like that guy at the dinner table if you don't. Similar to Asian culture then. Very similar, i'm sure yeah 100 you know but like i said i'm very lucky because you know i guess my mom was preaching education but at the same time she was preaching you know structure and in order to get a degree you've got to at least show up to class once in a while yeah you got to pass a couple tests here and there and that takes dedication and some structure and i was i definitely was not the

smartest guy yeah you can't just i mean there's very few people that can just get a degree without studying and structure yeah for me i was like it took some effort believe it or not no i i i'm the same like even though i have the street smart with school smart i always needed to actually lock in you know yeah you went to school as well i tried yeah i went to rutgers for a year okay but i was so focused on the business like if i just focused on college i would have you know got a degree which is this which is actually a very interesting topic because i didn't get introduced to entrepreneurship until six months before i graduated so you probably would have faced the same issue i would have

definitely probably contemplated uh leaving right and. So I got introduced to network marketing six months before graduation. Became one of the success stories within the company. I became top 3%, making hundreds and thousands of dollars within six months of getting involved. I just was like hit it off the ground. So I introduced the concept to my brother, who was two years younger than me. And he got so excited about it, started making money with it as well.

He actually took a break from school. So if I would have got introduced, I think he was like a sophomore, junior, you know, sophomore, junior, I'd probably face that same challenge. Was your mom pissed you dropped out? You know what? Initially, she was pissed.

She was pissed, and I don't even remember the conversations, but they were not good. But he ended up going back. He ended up going back, graduated business, and now he's doing well. Nice. So what was harder for you, making that first 100K

or going from 100K to a million? The 100K. Yeah, same. The 100K. I was making decent money in network marketing, but it was like whenever you start a new business I tell people this all the time especially the consulting students it's like you got to get your first deal done because your believability is just going to go through the roof

right and I remember that first deal although and this doesn't happen often like the 90k in 30 days doesn't happen often that was like IK in 30 days. Doesn't happen often. That was like, I believe that was God. And it was God saying, hey, here's this success story, so you can go ahead and be on your path. I firmly believe it was him 100%. But once that wire hit, I go, this is it. This is it. Burn the boats.

I was in Cancun at the time. Wire hits in Cancun. That's awesome. So when I get back, I'm doing this thing,. Burn the boats. Like, I was in Cancun at the time. Wire hits in Cancun. That's awesome. So when I get back, you know, I'm doing this thing and my life changed. So the first 100K, million percent. Yeah. And people think I'm crazy when I say that. But like, I think it took me three or four, maybe three years to make the first 100K from when I started trying. And then it took less time to make a million than it did to make 100K. Yeah. Yeah.

I think it's, I think if you did a poll, a lot of people would probably feel that way. I just, I just, in the beginning, you're just so like, is this going to work? Right. Right. And I'm putting time, energy, effort, and sometimes all this time, energy, effort and no results. Yeah. Because like you said earlier, you don't know what's possible, right? So once you get there, you're like, oh, this is possible.

So your mindset sort of evolves, I think. And now you get used to making a million a year, and then there's more levels. And keep in mind, I was door-knocking foreclosures. Yeah. And I'm going to tell you right now that it was the most challenging thing I ever did. Network marketing wasn't network marketing. It wasn't scaling beyond a million. It was door-knocking foreclosures in the summer of 2015 or 16, whatever it was, and having these intense conversations

with people in a distressed situation in, I'd say, 100-degree heat. Sacramento, Madera, Central California. That's nuts. It's up there. And you're just getting so many no's like you've really pushed through that yeah no's and and no answers and dogs and a gun pulled once you got a gun pulled gun pulled yeah because they probably have other people approaching too doing what you were doing right yeah i would leave notes yeah yeah i'd leave a note you know even if they were mad i'd have a pre-written note

and i would leave it like in between their door with their phone number and say, hey, if you want help, just call me. Yeah. But it paid off, man. That led to your first deal, right? It did. It did. And yeah, I look back on those experiences,

and I share them because people that get into any type of business, you've got to understand they see the glitz and glamour from all the successful people, IG, whatever it is, but you don't know what happened behind the scenes. Hell no. You're in the w**k those first few years. Man, I was depressed. I was broke. I was dealing with a lot of mental issues those first few years, to be honest.

Depression, loneliness. It's not easy. Yeah, and then you said you left college, so your parents were probably... Yeah, mom was pissed. Yeah, she was Asian, so she went to the best university in pissed um yeah she was asian so like she went to the best university in china and that was super important to her nice education so i understand why she was pissed but it's a new generation man you know if my kids don't want to go i'm cool with it yeah for me i feel like i'm gonna uh i'm gonna i'm gonna present the idea

and uh and i guess they're going to make that end decision. But I actually love, I enjoyed those first couple of years of college. I had a lot of fun. Yeah. I had a lot of fun. Definitely learned how to talk to girls, learned how to network with fraternity brothers and,

you know, do business. It was, I made the most of it. 100%. I think people can definitely waste it by just locking themselves in their dorm room some kids did that which is insane to me yeah you got to get out there yeah i was actually also in a fraternity and uh the guy that introduced me

to network marketing uh which also which the only reason why i got into real estate was because of network marketing but he was actually one of my my fraternity brothers oh nice so i tell him all the time i'm'm like, man, if you didn't bring me into a meeting to see network marketing, I don't know, I'd probably be in corporate America possibly somewhere. Yeah. Floating around. Yeah, no, I like those fraternities.

They get a lot of hate, but it teaches you valuable skills, and it's almost like a mastermind. You're surrounded by all these guys, and you can sort of find your click and i think it's also i'm still best friends with uh i'd say like six or seven guys yeah to this day uh we talk i don't know once a week post text and whatever it is random facetimes still really good friends because you have those bonds and those experiences and they'll be my buddy they'll be at my wedding that's awesome for sure yeah. So what's next for you, man? I mean, you're wholesaling.

Do you want to stay locked in on this or do you have other adventures you're working on? You know, I think the wholesaling business, the flipping business is a cash cow, right? It allows you the ability to make hundreds and thousands of dollars. If you know what you're doing, you get it done. And so now I like to look for

opportunities to invest into multiple different verticals that can produce income. And so I'm oftentimes meeting guys just like you and traveling and networking and saying, hey, look, not what's working, but where do I possibly see an opportunity? And then educating myself and pulling the trigger, essentially. So I think that now I've become a serial entrepreneur, and I'm really passionate about the time freedom that I've created because my real estate business is functioning with or without me. I have an incredible team, an incredible staff, an incredible business partner,

and that thing functions with or without me. So now I have the time freedom to be able to look for other businesses and then also spend a lot more time doing the consulting. Because I love seeing people go from zero to hero. And I have hundreds of success stories now. That's awesome. Have any of your students made some good money with this? Yeah, I think one of my most successful is doing doing three four million bucks a year profit profit damn um

and he started with zero zero experience and he's only been in the business i'd say under about two years out of orange and he was an engineer at the time when he approached me he was an engineer at edison making like a quarter million a year. Wow. Good seller. W2. And I remember it took him, I think it was like six or seven months to make six or 700 grand. And then after his first million, I said, he comes to me.

He goes, Nick, I should quit my job. I go, man, I'm not going to tell you what to do, but you just made double, triple your salary. And he ended up quitting his job. And now he has a big company in Orange County. He's flipping, wholesaling, rentals, and I think he's doing apartments. Wow, that's some Wolf of Wall Street stuff right there. Yeah. And again, I just think that it's an endless amount of opportunity, whether it's real estate wholesaling, flipping,

or any of these verticals that you see online. It's an endless amount of opportunity. You've got to look at guys like me or guys like you, the people that you've oftentimes interviewed and say, hey, look, if that guy can do it or that girl can do it, I can do it. The proof is in the pudding. And that's also what happened to me. I saw a guy when I first got started make $70, grand wholesaling. Yeah, it's all perspective. Do you think there's a cap on wholesaling? Do you think it's possible, you know, to make 25, 50, 100 million a year with wholesaling?

I think it's, you know, one of those things to where I wouldn't want to sign up for that class and build out a company to do 25 million. I see it as a possibility. Would I want to do it? No. I would rather probably get into bigger development, multifamily opportunities to be able to, because essentially energy for energy. I talked about that and obviously we understand 50 and 150 and 200 000 commissions which are great but if you're able to get into

multi-family major development uh you know opportunities now we're talking bigger chunks five and ten million dollar chunks right you know three to five years down the road possibly whatever that deal may look like so for me possible but i'd explore other opportunities in the same space the real space that's what gran cardone does right the multi-family stuff yeah he's all multi-family um you know he i think one of his podcasts he was talking about he loved the wholesaling uh you know uh business as well because he's just like you're locking these things up for pennies on the dollar and selling them no risk to you but he's more you know uh with the the bigger you know commercial he has the big fund so yeah and i think that's i think guys like me it's kind of our end goal we always fund we always talk about it right because it's just like there's levels to everything

yeah and as you kind of grow then you you look for, okay, energy for energy. What do I want to spend my time? So I think that, like I said, to answer your question, definitely possible, but I don't think I'd sign up for that class. So you're at a good balance now. Do you think you want to reach that nine-figure level, ten-figure level one day, or are you comfortable where you're at? Oh, hell no.

I'm like, i feel like i'm barely scratching the surface on what's possible like i wake up and i'm just like you know i woke up it's so crazy uh three times last night i don't know i usually fall asleep pretty early like nine and i was like i had to move my workout i'm sorry i was working out at five this morning so i had to get about four to get you know 4 15 ish to get to the gym at five and then out of flight so i was like i had to move my workout i was sorry i was working out at five this morning so i had to get about four to get you know 4 15 ish to get to the gym at five and then out of flight so i was just like but i i live for this type of thing so absolutely i'm not stopping anytime soon um and i and i think that i'm really blessed because i put myself in a position to like let me capitalize on this time before the wife and the kids right and you know other responsibilities so yeah we're going love it man no burnout yet no burnout uh maybe i gotta cut down on the celsius energy

yeah i could i couldn't drink you know a couple of those so definitely gotta cut out on the on the celsius uh give myself a heart attack but no absolutely not i'm like hungry more than ever before love it man nick it's been super man. Anything you want to close off with? No. And thank you for having me. I'd love to share my contact info. I know a lot of people want to get involved in wholesaling, flipping. Best place to find me is Instagram, at Flip King, or at Keep It or Flip It,

or Facebook, at Nicholas Livano, or YouTube, Nicholas Livano. Anything is possible, you know, and I'm super blessed and grateful to be able to have capitalized on a business that's not going anywhere anytime soon. Love it. You heard it here, guys. Thanks for watching Digital Social Hour. See you next time. Talk to you guys soon.