223: Play the Game or Get Played: Using Paternal Instincts to Close on 17 Units w/Nick Troutman

Oct 5, 2022

01:10:26

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Episode notes

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!

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