BiggerPockets Podcast 530: Finding the “Hidden Gold” Most Investors Miss Both On & Off-Market
Buying rental properties is a way for us to protect our families in case anything were to ever happen to us. It’s a noble pursuit, but it comes with challenges that most people won’t have the time, patience, or energy to face. It makes it even harder when you come into the real estate space with a disadvantage.
Someone who is used to going up against the odds is Nolan Gottlieb. He has always pushed to accomplish his goals, no matter the strength it takes. He even made it onto his college basketball team, with 30% lung capacity, just to accomplish a childhood dream. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen rental property units in just ten months of investing.
Nolan didn’t know anything about real estate; he couldn’t even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn’t protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success.
He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market.