Mon, 14 March 2022
In aerospace engineering, ‘escape velocity’ is the amount of power a rocket needs to break free of the Earth’s gravitational field. And if you ask Jonathan and Paula Nichols, launching a real estate syndication business is no different.
It takes a tremendous amount of effort up front to do your first deal. You have to commit to the outcome and do whatever it takes to persevere through setbacks and disappointment. But once you’ve picked up momentum and closed on your first apartment building, the next deals follow in quick, almost automatic succession.
Jonathan and Paula are the cofounders of Apogee Capital, a multifamily firm dedicated to helping investors reach their financial potential. The Nichols closed on three deals in the last year, raising $2.7M as they built a portfolio of 200 units, and Jonathan quit his job as an aerospace engineer six weeks ago to pursue real estate full time.
On this episode of Financial Freedom with Real Estate Investing, Jonathan and Paula join cohost Garrett Lynch and me to discuss the sacrifices they made to make time for real estate while they both worked full-time corporate jobs.
Jonathan and Paula walk us through the steps they took to get started in multifamily syndication, describing how they got on the same page as a couple and started networking with potential partners.
Listen in for insight on reframing a lost deal as a learning opportunity and learn how to stay the course in tough times and keep taking action—until YOUR investing business takes off!
How Jonathan and Paula got into real estate
How real estate evolved into a business for the Nichols
How Jonathan and Paula got on the same page
The steps Jonathan and Paula took to get started investing
How Jonathan and Paula made time for real estate
Jonathan and Paula’s first multifamily deal
How Jonathan and Paula met their partners
Jonathan and Paula’s big setback 5 months ago
How Jonathan and Paula raised $700K for their first deal
What’s ahead for Jonathan and Paula in the next 2 years
Jonathan and Paula’s plan to scale
Jonathan and Paula’s advice for aspiring investors
Connect with Jonathan & Paula Nichols
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP309.mp3
Category:Commercial Real Estate -- posted at: 2:00am EDT