POPULARITY
They are real estate investors focusing on multifamily. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. Nick is the co-founder and managing principal of Winterspring Capital (winterspringcapital.com) and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full. In this episode, Nick Earls and Eric DiNicola share their journey to becoming financially independent. They share how they shifted their focus to affordable housing after seeing a big market demand for it. They share that they offer educational resources on their website, including articles and a book about developing condos. To learn more about Nick Earls and Eric DiNicola and their work, listeners can visit Winter Spring Capital! [00:01 - 01:44] Opening Segment Nick Earls and Eric DiNicola shares how they purchased and syndicated large multi-family properties and developed luxury multi-family condominiums in the Boston market They share how they met and decided to start their own company that focuses on real estate [01:45 - 25:19] Developing Homes For People Who Want To Be Part Of The Community Nick Earls and Eric DiNicola describe what zoning codes are The demand for affordable housing in Boston Learning to navigate the city's politics to get their projects approved Teamwork is key for any real estate development They recommend having a good zoning attorney Neighborhood groups can be a major obstacle for developers Developers must be patient and holistic in their approach to gain the support of these groups Zoning codes are outdated which limits the number of homes that can be built [25:20 - 37:25] Closing Segment Nick Earls and Eric DiNicola discuss the origins of the company, where all units must be sold at an affordable price, and that there are different price brackets based on area median income Nick Earls and Eric DiNicola share where you can get in contact with them (links below) Quote/s: “You've got a supply restriction through the zoning code and developers like us. What we do is we go in and we entitle land and it's a very political process… And that barrier to entry allows you to get really profitable projects if you're able to get through kind of all those hoops of fire you got to jump through.” – Nick Earls “People want to move here. It's not just this building that's going up, this is to house people who want to be part of this community, who want to live here, want to contribute to the community, who want to be friends with the neighbors and work. So that's, I think is the ultimate holistic way to look at it.” – Eric DiNicola You can connect with Nick Earls and Eric DiNicola through their: LinkedIn: Winter Spring Capital Instagram: Winter Spring Capital Facebook: Winter Spring Capital WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email at sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
Nick Earls and Eric DiNicola are real estate investors who purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. Learn More About Nick and Eric Here: Winterspring Capital - https://winterspringcapital.com/ What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/ ◾ Global Investors Web Page: https://charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/
In this Action Items episode, Nick Earls and Eric DiNicola are back to go over their practical tips when jumping into real estate, particularly in condominium investing. They share the significicance of delegation and finding the right people by factoring in experience and word-of-mouth. Join us and listen in! Nick Earls and Eric DiNicola are real estate investors focusing on multifamily. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. Nick is the co-founder and managing principal of Winterspring Capital (winterspringcapital.com) and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full. [00:01 – 07:30] Knowing How to Delegate Considering the way to scalability - do not do everything Steps to finding general partners and vetting contractors The value of experience and word-of-mouth [07:31 – 15:00] Factors for Choosing Partners and Markets Avoiding partners who may go rogue Focusing on the ideal target market for cost efficiency Marketing the condo units before finishing construction [15:01 – 17:44] Closing Segment License is not needed to start the venture Connect with Nick and Eric! Tweetable Quotes: “What I recommend to most people is to work with a GC, don't try to do it by yourself. I know that you can add value through sweat equity, but it's not scalable, it's not sustainable.” - Nick Earls “You should start and try to sell your units. If you're doing condo units like ours, start marketing them and and hoping to get them under contract well before you're finished. Especially if you're in a really desirable area, you'll have demand” - Eric DiNicola ---------------- Socials and Links Connect with Nick Earls and Eric DiNicola at https://www.instagram.com/winterspringcapital/ (IG) and https://www.facebook.com/winterspringcapital (FB) Check out Winterspring Capital on https://www.linkedin.com/company/winterspring-capital/ (Linkedin) and get the free book https://winterspringcapital.com/development-book/ (here). Be sure to check out https://www.passiveinvesting.com/strategy/ (PassiveInvesting.com) to learn how to build wealth through real estate! LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click https://www.inrhythmmultifamily.com/podcast-1 (here) to listen to our previous episodes. Get IN RHYTHM and follow The Multifamily Artists Podcast on https://podcasts.apple.com/us/podcast/the-multifamily-artists-podcast/id1550233740 (Apple Podcasts), https://www.audible.com/pd/The-Multifamily-Artists-Podcast-Podcast/B08K56K6JB (Audible), and https://the-multifamily-artists.captivate.fm/ (Captivate) Visit our https://www.inrhythmmultifamily.com/ (website) to learn more about me and IN RHYTHM Follow me on...
In this Story episode, Nick Earls and Eric DiNicola share their journey of getting into real estate as rebellious kids. They discuss the real estate landscape in the Boston area and how investing in condominiums becomes an ideal strategy in the emerging market. Listen closely as they break down the steps they had to take in navigating the political environment. Join us and listen in! Nick Earls and Eric DiNicola are real estate investors focusing on multifamily. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. Nick is the co-founder and managing principal of Winterspring Capital (winterspringcapital.com) and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full. [00:01 – 08:24] Strategizing to Break Free from the Cycle Being rebellious and striving for independence as kids Discovering opportunities in condominium development Tips to identifying an emerging market [08:25 – 17:29] Crafting the Gameplan in a Continuously Thriving Market Gameplan for the Boston market and scaling up Obstacles faced navigating the political environment Understanding the niche and diversifying your portfolio [17:30 – 35:56] Scaling Through Residential Real Estate The opportunity of turning commercial real estate into residential Determining the underwriting process and hedging against risk Exit strategy for condominium investing [35:57 – 37:23] Closing Segment Connect with Nick and Eric! Tweetable Quotes: “This [real estate investing] is the way we could kind of break free from the cycle and start our own thing” - Nick Earls “It's [investing in condominium] more about a credibility of the construction process, because obviously, it's a little more complicated than a normal deal.” - Nick Earls ---------------- Socials and Links Connect with Nick Earls and Eric DiNicola at https://www.instagram.com/winterspringcapital/ (IG) and https://www.facebook.com/winterspringcapital (FB) Check out Winterspring Capital on https://www.linkedin.com/company/winterspring-capital/ (Linkedin) Be sure to check out https://www.passiveinvesting.com/strategy/ (PassiveInvesting.com) to learn how to build wealth through real estate! LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click https://www.inrhythmmultifamily.com/podcast-1 (here) to listen to our previous episodes. Get IN RHYTHM and follow The Multifamily Artists Podcast on https://podcasts.apple.com/us/podcast/the-multifamily-artists-podcast/id1550233740 (Apple Podcasts), https://www.audible.com/pd/The-Multifamily-Artists-Podcast-Podcast/B08K56K6JB (Audible), and https://the-multifamily-artists.captivate.fm/ (Captivate) Visit our https://www.inrhythmmultifamily.com/ (website) to learn more...
Multifamily Investing the RIGHT Way with Multifamily Attorney Charles Dobens
Eric DiNicola and Nick Earls are co-founders and managing principals of Winterspring Capital. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. We discuss how they develop luxury condominiums. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.
Hello everyone! Welcome back to another episode of Pave The Way Podcast! Today I have Nick Earls and Eric DiNicola on the show! We will talk about...What you need to know about doing development deals, condo conversions, and new construction in a competitive market. To learn more about Nick and Eric, visit their website winterspringcapital.com Check them both out on LinkedIn, or on Instagram @winterspringcapitalTo contact me:Email greg@velocityhousebuyers.comVisit www.bookacallwithgreg.com to schedule a consult with me!Instagram:@grego_37Visit www.greglikesdata.com for a free trial with PropStream - some of my favorite real estate software!
Eric/Nick's Background:Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.”Eric DiNicola, co-founder and managing principal, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep our deal pipeline full.In this episode we cover:04:43 Opportunistic Investing08:29 Understanding Submarkets within a MSA12:26 Getting buy in from the city and locals18:26 Buy and hold structuring22:11 Lump sum preferred return33:02 Patience involved in investing in Boston36:00 5 Key Questions46:59 OutroConnect with Eric/Nick:WebsiteInstagramLinkedIn (Eric)LinkedIn (Nick)Connect with Dave:Schedule a callWebsiteE-mailOther ways to listen/watch:https://lnk.bio/multifamilyFollow or Subscribe:Facebook GroupLinkedInInstagramYoutubeIf you enjoyed this episode or like the show, please subscribe and leave a review! It is a huge help for just a little effort
Systemization, clear goals, open-mindedness, and a strong partnership are the success ingredients that our guests, Nick Earls and Eric DiNicola, have methodically put together throughout the years. Follow their story in this episode to help you in your journey of getting your foot in the door and discovering potential solutions in the low-income housing space. Find out more and tune in.WHAT YOU'LL LEARN FROM THIS EPISODE Large-scaled conversions of existing buildings for condo livingAffordable housing solutions and how to implement themWhat does the RFP (Request for Proposal) process look like and what are the next steps once won?What is Winterspring Capital's vision for the next 3 to 5 years?Principles that govern affordable housing solutions for rental-type unitsRESOURCES/LINKS MENTIONEDLow-Income Housing Tax Credit (LIHTC): https://en.wikipedia.org/wiki/Low-Income_Housing_Tax_CreditBuild-To-Rent: https://en.wikipedia.org/wiki/Build_to_rentVivid Vision by Cameron Herold: Audiobook: https://amzn.to/3Hkxstz & Paperback: https://amzn.to/3Igx0OBMillions Through Multifamily Development: https://winterspringcapital.com/development-book/Tony Robbins: https://www.tonyrobbins.com/ABOUT NICK EARLS & ERIC DINICOLANick and Eric are full-time real estate investors, developers, and founders of Winterspring Capital, a private equity firm based out of Boston, MA. Since starting their company, Nick and Eric have owned or developed over $56 million of multifamily assets, with an additional $40 million of currently ongoing developments in the pipeline. Nick and Eric focus on several different types of multifamily investments. From value-add 100+ unit complexes in the Southeast that they syndicate alongside their investor base, to affordable housing development, to luxury multifamily condominium developments. In addition, Nick is also the author of Millions through Multifamily Development, which explains in-depth the multifamily condominium strategy he uses on his projects, as well as Passive Income through Real Estate for Small Business Owners, which teaches busy entrepreneurs how they can supplement their income with passive real estate investments.CONNECT WITH NICK & ERICWebsite: https://winterspringcapital.com/Instagram: https://www.instagram.com/winterspringcapital/LinkedIn: https://www.linkedin.com/in/nicholas-earls/ l https://www.linkedin.com/in/eric-dinicola-2408897a/CONNECT WITH USGreen Light Equity Group - http://www.investwithgreenlight.com/For a list of Virtual Meetups - Email:tate@glequitygroup.comSpecial Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/
Nick Earls and Eric DiNicola are a dynamic duo in real estate investing, specializing in condominium development. Since 2015, they've been leading development projects in Central Massachusetts and Boston that offer luxury rentals to working professionals looking for homeownership in the city area. They've seen their share of office conversions, historical building renovations, and ground-up apartment construction. Join Nick Earls, Eric DiNicola, and Host Dan Lesniak as they discuss… ∙ What to look at when analyzing a development deal ∙ The three key components when it comes to project numbers ∙ How to scale in the development industry ...and much more! QUOTES TO SHARE
Join Vince Gethings, as he chats with Nick Earls and Eric DiNicola, good friends for almost 20 years that has always shared the same goal of buying a rental property for passive income but has learned how to scale up their goals and the product is the idea of condo development in Boston. Venturing into the condo development business, Nick and Earl's projects are ground-up construction of condos instead of conversions. This growth and change in mindset allowed them to be open to the business and in turn make more money with the projects that they undertake. Other than condo developments, the pair will also share the details of other facets of the business that they do in this episode so be sure to stay tuned! About Nick Earls and Eric DiNicola: Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of their real estate business. Heading up their acquisitions team, Eric leans on his extensive broker network to keep their deal pipeline full. Winterspring Capital is a real estate investment firm that focuses on multifamily and mixed-use development within the greater Boston area. They form real estate syndications for every new investment, which allows accredited individuals to invest with us completely passively. Their team sources new opportunities, underwrite deals, negotiates purchases, and implements the business plan for each property we purchase. Their investors get to share in all of the benefits of owning real estate without having to do any of the work themselves. We also offer the opportunity for qualified individuals to invest through their self-directed IRA. Outline of the episode: ● [01:01] About Nick and Eric's shared goal and how they reached it ● [04:50] The structure they follow in making deals and details on seeing it through ● [13:13] Moving forward from one project to another, baptism by fire ● [19:29] Office conversion side of the business ● [25:06] How they utilize tax credits ● [29:34] Nick and Eric's take on a diverse portfolio ● [36:18] Book recommendations for the viewers ● [40:43] Nick and Eric's remarkable traits and talents ● [48:11] Advice to professionals working towards financial freedom Connect with Nick Earls and Eric DiNicola: WebsiteEric's LinkedInNick's LinkedIn Connect with Cashflow Project! WebsiteLinkedInYoutubeFacebookInstagram
Have you ever gone in a room and thought that people who get PAID the MOST aren't sitting in the room you're in? Whether it's a college classroom or the office floor where you're toiling for a 9 to 5, chances are, “The Big Boys” don't stay there. It's never a mistake to follow your passions but what if that passion involved getting paid BIG? Would you reconsider where you're at and where you ought to be? People like Nick Earls and Eric DiNicola have always known they weren't meant to work for anybody, doing the same things over and over, trapped in a 9 to 5. But it wasn't until 2015 when they realized what they had to do. Nick has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. He is the author of “Making Millions through Multi-Family Development”, a book that highlights his expertise on multifamily condominium development, underwriting, and asset management in the multifamily space. Eric has a strong financial background spanning over a decade. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Together, they are Co-Founders and Managing Principals of Winterspring Capitals. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. In realizing their dreams through real estate investing, Nick and Eric have decided to share their knowledge so that others who wish to walk their path can share in their success. What are some challenges in multifamily investing? What are the costs? How do you find the best deals and how do you make these come to you? What are Nick and Eric bringing to the table, making their offers irresistible to investors? Tune in to learn more about the hottest and most relevant information on Real Estate Investing!Thank you all for listening and I will see you on the next episode. When you are ready head on over to https://billyalvaro.com or go grab your tools to help you at https://billyssecrets.com
Today, my guests are Nick Earls, and Eric De Nicola. Nick and Eric are full time real estate investors, developers and founders of winterspring capital, a private equity firm based in Boston, Massachusetts. Together they have developed over $56 million in multifamily assets with another $40 million in the pipeline. And their work includes value add affordable housing development, and luxury multifamily condo developments in the southeast us. And in just a minute, we're going to speak with Eric and Nick about their experience and how you can learn and identify and, and grow your multifamily portfolio.
J. Darrin Gross I'd like to ask you, Nick curls and Eric de Nicola. What is the biggest risk? Eric DiNicola I think in the business we're in and because we're in, you know, a few sort of real estate verticals, if we focus say just on the condo development They're, I feel like there are two major risks. One is sort of the political and municipality risk in the city or building. And I'll get into that a little deeper in a second. And then the other one is sort of a macro risk right now or in potentially, you know, the Fed raising rates over the long term, it does, you know, potentially reduce buying power for individuals, and we're selling condos. So the way we kind of, we don't necessarily think at our firm, that's going to happen. So at least not in the immediate future, there's potentially too many consequences for that on a macro scale. But these two things that we see, so when you're dealing with a city like Boston, there's so much red tape, that if you get into a project, without sort of a backup plan, or a worst case scenario, still kind of breaking even, for example, a very simple way to put it would be you buy a property in a three Family Zone, you should make sure if you had if you get denied for your variances, you get denied the Zoning Board of Appeals, you could still develop a three unit property, that would always break even the worst case, because by the winter, the why you can do that you don't need special permission, you're in a three Family Zone, you're allowed. So look at that scenario, if that scenario loses a lot of money, then you probably shouldn't get into it without protecting yourself and minimizing that risk either by having a contingency that Nick spoke about, or some sort of backup plan. So that's kind of the local political municipality risks, because in Boston is just very difficult to develop. And it's getting harder and harder, you know, not even every year, it seems like every month, there's much more red tape. And like I said, the other thing would be more interest rate risk, when you're selling condos. Buying Power does go down for buyers as interest rates go up. So one way we kind of, you know, try to eliminate that is we say, okay, look, where's the market at right now, a lot of developers project out oh, you know, the markets increased at this rate, this is the value of homes, you know, a year ago, this is what they're at now continue with that project that I'm going to sell them for this this much higher than they are now. We don't do that we project as is, even if it's two years old, even sometimes with like a 10% hit to see what this still work. And if it doesn't, you know, we second guess that project. So that's kind of how we try. That's how we see to the biggest risks we see. And those are kind of the ways we would eliminate them in our business. But also just the idea of diversifying within real estate where you have the different asset classes that we had, and the different types of verticals that were involved with, is sort of another way or to risk minimization.
Eric DiNicola, is a co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep our deal pipeline full.Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.”In this episode, Nick and Eric will discuss about their background and how they convert residential home by adding another unit and converting it to condo. They also share about their development business and how it is different from syndication value add. CONNECT WITH ERIC DINICOLA & NICK EARLS ERIC DINICOLA Email:eric@winterspringcapital.comNICK EARLS Email: nickearls@winterspringcapital.comWINTERSPRING CAPITAL Website: https://winterspringcapital.com/CONNECT WITH JONATHANTo connect with Jonathan, you can send email or schedule a time to chat.To learn more about real estate investment opportunities, join the Greystone Capital Investor Network. Thanks for listening and until next time, keep building wealth in Commercial Real Estate!
In this episode of Real Estate for Breakfast, host Phil Coover and co-host Jay Augustyn are joined by Nick Earls and Eric DiNicola, co-founders of Winterspring Capital. Phil and Jay sit down with Nick and Eric to discuss the pair's 20-year friendship and how they successfully developed a business and brand from their first real estate project, which included the renovation and sale of three condominium units in Boston. The Winterspring story is interesting in seeing how two friends can create a real estate development company, without deep pocket backers, by taking one step at a time, by building skills, by stepping out of their comfort zone and focusing on marketing, and by measuring each decision and learning lessons as they build for the future. Specifically, the group examines the pros and cons of funding projects with equity investments in lieu of debt; the company's marketing strategy and plans for future growth including writing books and articles for public consumption; the concept of the “karma economy”; and Winterspring's foray into Boston's affordable housing market. As co-founder and managing principal of Winterspring Capital, Nick Earls has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book, “Making Millions through Multi-Family Development.” Eric DiNicola is also a co-founder and managing principal of Winterspring Capital. His strong financial background spans over a decade. Eric began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, Eric leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up the company's acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full. For more information, visit: https://winterspringcapital.com/
We covered a lot of ground in this episode surrounding real estate and why having assets in that realm is crucial. We talked about the nature and risks of inflation, the value in multi-family properties built in the right locations. We talked about the housing shortage and the building of condos as well as office-to-apartment conversions. We covered topics related to the evolution of home purchase lending as well as exit strategies when building condominiums or holding onto apartments. We talked about creating passive income for investors and the meaning of real estate syndication, among many other important topics. Let's go!
There are few relationships in life that are more meaningful than childhood friendships. The relationship between Nick Earls and Eric DiNicola is no exception. In fact, they have taken their friendship to the next level by joining forces to achieve their childhood aspiration and build a multimillion-dollar real estate business together.The road wasn't always easy for these childhood friends turned business partners. In this episode, Nick and Eric talk about the early struggles they have to face as they built Winterspring Capital, their real estate investment firm that's now focused on high-growth multifamily assets, passive investing, and financial education. Listen to our conversation and find out how they persevered through it all and now enjoy the fruits of their labor.
Many people find dealing with city planners, zoning boards, neighborhood groups, etc and submitting plan after plan to be tedious work...perhaps work they would live to avoid. For Nick and Eric, it has allowed them to build their company to huge heights. What started as a small multi-family property turned into luxury condos in the Boston area has blossomed into $56 million of developed assets, including another $40 million in ongoing developments in the pipeline. They find opportunities where others may not see it. They hunt out new places to develop, underutilized properties, and ways to meet the demand for the growing population. Hear how these 2 friends have built and grown their company, Winterspring Capital from the group up.Follow Nick and Eric
Welcome to episode 24 of The Multifamily Millionaire: Real Income From Real Estate with Jason Lee. This week Jason welcomes Nick Earls and Eric DiNicola and they talk about their extensive real estate investment and development experience that involves working together in three separate companies and entails years of success. Nick and Eric are both the co-founder and managing parters at PWN Development, Winter Spring Capital and Ascalon Industries. They have been good friends for almost all of their adult life. Nick, while building his own portfolio, has guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. He heads up the acquisitions team and leans on his extensive broker network to keep their deal pipeline full. To download your free Real Estate Deal Analyzer just head to https://jlmrealestateinc.com/free-product/. With this guide, you'll be able to easily understand your real estate deals. Here is what to expect on this week's show: A look into Nick and Eric's background and the tyPes of real estate investments and developments they are involved with at the moment. The impetuses that led both Nick and Eric to pursue a career in real estate. How have Nick and Eric worked around creating a business and working together while also being life long friends. What should someone do if they are looking to become a developer and they haven't yet had their first development yet. The length of the typical project Nick and Eric work with, and how that interacts with the entitlement process (especially so in the Boston area). The similarities and differences between the red-tape inherent in doing real estate and development in Boston and San Diego. A look at some of the developments that Nick and Eric have done in Boston and the interesting work they've done to work with historical buildings. The manner is which Nick and Eric find the unique and profitable opportunities that they do. The reason why you need to have strong protections written into your contract and how to actually go about doing that. Links: https://www.pwndevelopment.com https://winterspringcapital.com https://www.ascalonindustries.com Connect with Nick & Eric: Instagram: https://www.instagram.com/pwndevelopment LinkedIn: https://www.linkedin.com/in/eric-dinicola-2408897a/ LinkedIn: https://www.linkedin.com/in/nicholas-earls/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Earls and Eric DiNicola are real estate investors focusing on multifamily. They purchase/syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. They join us on this week's episode of Side Hustle City to discuss how real estate has transformed their lives. If you've ever wondered how to become a real estate developer or invest in profitable projects then this is the episode for you.Nick Earls: Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is also the author of the top-rated book “Making Millions through Multi-Family Development.”Eric DiNicola: Eric DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full.Support the show (https://paypal.me/sidehustlecity)
GUEST SUMMARY Putting their white coats on this week are full-time real estate investors and developers, and founders of Winterspring Capital — Nick Earls and Eric DiNicola. They have been friends for almost two decades and their unique relationship have allowed them to both tack on a very niched multi-family condo opportunity while complimenting each other's strengths and weaknesses and while having the same core values growing up and now growing their businesses together. Having a construction background, Nick confidently dove into Real Estate and ventured into the strong condominium market in Boston after college. Over a decade, he experienced all phases of commercial real estate, including asset management, sales, new construction development, and property management. Being an expert in underwriting and asset management in the multifamily space, he authored the top-rated book “Making Millions through Multi-Family Development.” On the other hand, Eric in New York dealt with public and private equity companies and stock trading. When he realized how to break free from the 9-5 office hours cycle, he moved back to Boston and joined Nick to begin their experiments. Together, their partnership developed and grew into several multifamily development strategies from value add 100+ unit complexes in the Southeast to affordable housing, to luxury multifamily condominium development. They balance long-term value-add multifamily investments with short-term profits from condominium developments. In this episode, Nick and Eric are going to walk us through their experience from condo development, dealing with the neighborhood, their pushbacks along the way, and how they've created a very niched strategy that most investors shy away from. If you're the type of person that enjoys going left when everybody is going right then you'll want to tune into the opportunity that Nick and Eric have developed. No pun intended...ok maybe just a little bit, enjoy the show! HIGHLIGHTS OF THE EPISODE: 03:24 - Background of the guests 06:46 - Complementing your business partners 11:02 - Condo Development 13:58 - Pillars of evaluating an opportunity KEEPING IT REAL: 18:20 - Are we restricted into 2 units? 19:58 - Starting a process that is specific with the other projects 23:33 - Why do we need to have a zoning attorney involved 28:46 - Making your building blend in the neighborhood 31:13 - How involved are you in the meetings 34:01 - What are the pushbacks? - Does everybody win? 38:01 - Affordable housing project 47:00 - Capital Raising 50:55 - Value Add 58:13 - Find more about the guests NOTABLE QUOTES (KEY LESSONS): 6.50 - "We complement one another but at the same time, we have a lot of shared philosophies and shared strength. One thing that is unique with our relationship and the way we work together is we do share a lot of same goals -- financial freedom for our families and always for the greater good of the company" - Eric 23.33 - "This can be a completely different process from city to city but the red tape and the barriers create the opportunity. In a lot of cities that have very high prices for condos, there's going to be a similar process and strategies that can be used in New York, in Boston, and in San Francisco, cities like this are going to be pretty similar". - Nick CONNECTING WITH THE GUEST Website: www.winterspringcapital.com Book: https://winterspringcapital.com/development-book
Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep our deal pipeline full. If you like what you hear be sure to like, share, subscribe! Podcast- Mindful Multi-Family show Instagram- Chris_Salerno_ Youtube Channel- Chris Salerno Website- www.qccapitalgroup.com
Nick Earls and Eric DiNicola are high school friends who partnered later in life to live out a childhood dream. Nick is the author of the book “Making Millions through Multi-Family Development.” Eric, with a decade of experience in the financial industry, joined forces with Nick in 2015 to create Winterspring Capital, a real estate development firm. Here's some of the topics we covered: Multiple exit strategies for this economy Government RFPs Office conversions to multifamily Development fees Path to progress Gateway cities The value of vision Dealing with the community To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com Please Review and Subscribe
Our guests are Nick Earls and Eric DiNicola, the founders of Winterspring Capital, a multifamily investment and development firm. In this episode, we dig into the ins and outs of condo development. We break down the development process into 5 simple steps, talk about how to invest in big cities, and how to sell condos successfully. If you're interested in condo development, then join us in this conversation! Learn more about Nick and Eric and their journey at reiclarity.com! “Condominium development has been a really good pathway for us, and has allowed us to branch into long-term multifamily ownership.” 03:23 Nick and Eric have pursued many different real estate strategies during their career. They're involved in condo development, multifamily, buy and holds, and flips around the Boston, Massachusetts area. They started their real estate journey with condo development. They initially wanted to buy rentals, but saw an opportunity in their local market for condos and have been using this strategy ever since. “Marketing is key because the speed of sale is the biggest focus at the end to eliminate stress.” 11:05 Nick and Eric share the 5 main steps of condo development. Tieing up the land.You should only purchase the land if you're confident that you can get it permitted. Zoning and planning.Work in tandem with the community and respect their insights. Your team is very important in the zoning process. Have a good zoning attorney and work with an architect who can make the property blend in with the environment. The building process.Currently, labor is very expensive and supply chain pressures have driven up the price of materials. That this into account when you analyze a deal. Breaking the property out into condos.In many cases, selling condos individually as rentals is more profitable than selling the whole property. However, it's riskier as it's harder to get lending. Selling the property.Focus on marketing from the start of the construction. This way you can get the units under agreement ahead of time. “Real estate is worth the risk. And it's not as big of a risk as some people think.” 45:37 At the end of the episode, Nick and Eric pick action steps from the REI Clarity Framework that are the most valuable to them. These are “Take the Risk” and “Know Your Strategy”. At the beginning of their real estate journey, Nick and Eric often got into analysis paralysis. However, as they progressed through their careers, they realized that real estate is one of the safest investment asset classes. If you're confident in what you know, then take the risk. Worst case scenario is that you have to sell the property. Mentioned in the show: https://winterspringcapital.com/ https://winterspringcapital.com/development-book Nick's LinkedIn Eric's LinkedIn Their Instagram www.reiclarity.com www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity. Special thanks to Nick Earls and Eric DiNicola for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts While you there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
Today, we are joined by Nick Earls and Eric DiNicola to talk about everything from the ground up to the development process of multifamily properties. That includes getting the land, permitting, zoning, construction, and getting a sale of the finished products. They are also going to share various ways of structuring a dynamic partnership to create large multifamily syndication in the Boston market. WHAT YOU'LL LEARN FROM THIS EPISODE How to start in real estate development Selecting and managing the right sub crew and employees What should you know about cap rates? 2 things to remember when starting a residential project House hacking: A start to get into REI RESOURCE/LINK MENTIONED Download a free investor book at: https://winterspringcapital.com/development-book ABOUT NICK EARLS AND ERIC DINICOLA Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric DiNicola, co-founder and managing principal, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep our deal pipeline full. CONNECT WITH NICK AND ERIC Website: Winterspring Capital LinkedIn: Nick Earls and Earl DiNicola IG: @wintersrpingcapital Emails: nickearls@winterspribgcapital.com and eric@winterspringcapital.com CONNECT WITH US Email: shawn@greenbriarcg.com Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow FaceBook: Shawn Winslow
A 20 year friendship turned into a business partnership when Nick Earls and Eric DiNicola started building condos. They found an opportunity and converted office buildings into apartments. Nick and Eric are giving us the inside scoop on the top 3 qualities to look for in an office building, pros and cons of construction on existing buildings vs. new builds, and the one thing to look for in your location. Nick Earls and Eric DiNicola Real Estate Background: Full time real estate developers and investors Focused on multifamily as well as condominiums Developed over $56 million of real estate with an additional $40 million in upcoming projects, most of which are luxury condominiums Based in Boston, MA Say hi to him at: winterspringcapital.com Click here to know more about our sponsors: ThinkMultifamily.com/coaching | Deal Maker Mentoring
Nick Earls and Eric DiNicola are co-founders and managing principals of Winterspring Capital and co-owners of PWN Development based in the Greater Boston area. Winterspring Capital is a real estate syndication firm with a portfolio of $56 million in multifamily assets under ownership throughout the Southeast and Boston. We covered:Getting started in real estate developmentBalancing development with long-term hold investment propertiesSelf-funding deals vs. raising capitalReal estate syndication: 506B vs. 506C rulesBuying real estate under LLCs vs. starting a real estate fundHiring and managing sub crews and employeesHandling partnership disagreements and best practicesDon't blame people. Even if it's someone else's faultThe benefits of stoicism for small business and real estate professionalsDealing with inflation through investing in real estateFractional ownership of properties through investing in real estate syndicationsWhy you should call local lenders firstDTI (Debt-to-Income) Ratio when starting out in residential real estate"House Hacking" as a way to get into real estate investingHow to protect yourself as a small business ownerRelevant show links:Passive Income Through Real Estate for Small Business Ownershttps://winterspringcapital.com/retire-early/https://www.equitymultiple.com/blog/commercial-real-estate-practice/preferred-returnhttps://winterspringcapital.com/what-is-a-real-estate-syndication-for-multifamily-investing/https://www.samofinancial.com/what-is-syndication-and-why-use-different-rules-506b-versus-506c/https://www.investopedia.com/terms/a/accreditedinvestor.asphttps://www.crowdstreet.com/resources/topics/investing/internal-rate-returnhttps://dailystoic.com/---Want to learn about selling or buying companies? Visit https://www.midstreet.com/blogHave a neighbor in the Triangle who needs a new roof? Check out https://ontopsroofing.com/Subscribe to my newsletter to get updated every week with a new episode at https://jonahpollone.com/Connect with me on LinkedIn – don't be afraid to say hi!---Learn more about Winterspring Capital Support Lucky Puppy Society
Today we're going to take a look at the Affordable Housing Crisis in the U.S. and how this will become increasingly important to renters and rental property owners in the coming years. Construction and labor costs have risen to a point where current prices and rents may not justify the expense of building new supply, yet the demand for housing is growing and creating a lack of affordable housing for many people. My guests today have positioned themselves to be part of the solution. Nick Earls and Eric DiNicola are full-time real estate investors, developers, and founders of Winterspring Capital, a private equity firm based out of Boston, MA. Nick and Eric have over $100 Million in past and current assets under their belts and focus on several types of multifamily investment and development strategies. Currently they have both an affordable housing development in progress, as well as a $25 Million market-rate 32-unit luxury condo development in Boston. We'll also discuss the importance of having a High-Net Worth Investor or group to partner with in order to acquire the best financing from lending institutions. Nick and Eric also discuss the political and public process they go through in the pre-development phase and share tips on how to react when dealing with aggressive input and feedback from the NIMBY crowd. Nick and Eric have a lot of incredible development wisdom to share in this episode. You can find out more about them through their website: https://winterspringcapital.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com
This week I speak to Nick Earls and Eric DiNicola, co-founders and principals of Winterspring Capital, a company looking to simplify the process of passive real estate investing. Nick and Eric share the highs and lows of their empire-building journey and some of the most important things they learnt along the way.
In today's episode, we got two incredible speakers sharing with us, Nick Earls and Eric DiNicola. Nick and Eric are real estate investors focusing on multifamily. They purchase and syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market. They also develop affordable housing and have experience with land entitlement. Nick is the co-founder and managing principal of Winterspring Capital. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is the author of the top-rated book “Making Millions through Multi-Family Development.” Eric is the co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Heading up their acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full. Let's listen to Nick and Eric to learn more about their incredible stories. [00:01 – 07:27] Opening Segment Let's get to know Nick Earls and Eric DiNicola. Nick and Eric share their background and how they got to where they are today. [07:28 – 17:08]The Affordability Question How they start their business ‘Winter-Spring Capital' together. Nick and Eric talk about their first condo development. Involvement of investors. Expansion and investment out of the state. The positive and negative side of being an investor in Boston. The politics and bureaucracy aspect. The effect of the Covid19 pandemic on the market and their business. Why multifamily and what to consider? Diversifying risk. The affordability question. Subsidize affordable housing development. [17:09 – 23:30] Structuring A Dynamic Partnership The market focus. Broker relations. Certain unit counts The teamwork in underwriting. How to structure a partnership. Nick and Eric talk about their roles in the business. The dynamic of their teamwork. [23:31 – 28:09] Capital Raising The start of their capital-raising process. Building a good platform and networking The confidence in raising capital. The benefits of working with a team. The main matrix in returns The direction of Winter Spring Capital [28:10 – 30:55] Closing Segment If your great-great grandkids are to write a book about you, how would you like it to be titled? Nick: The renaissance man. Eric: The generous giants Connect with Nick and Eric See the links below. Final words from me. Tweetable Quotes: “The affordability question is one of the biggest elephants in the room in the real estate industry .” - Nick Earls. “Multifamily provides much more stable and less risky cash flow for us and our investors..” - Eric DiNicola. “We do not want to do all this so we could just sit on this money, but we want to make a difference and ultimate security ” - Eric DiNicola. Find out more and connect with Nick and Eric via email at nick@winterspringcapital.com and eric@winterspringcapital.com, Instagram, and Facebook. You can also visit their websites at https://winterspringcapital.com/. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let's start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.
Having successfully developed and raised capital in the Boston area for over a dozen condominium projects, Nick and Eric have now ventured into multifamily syndication in the Southeast and Midwest markets.In today's talk we compared and contrasted development against the buy and hold strategy. Both have their advantages, but opportunity may be market based. For instance, buy and hold has been a goal for quite some time, however their local market rewarded condo development over market rent builds. Now Eric and Nick are looking to leverage their knowledge and network into markets more suited long term holds, leaning towards an emphasis on affordable housing.Some great insights into partnerships and growing a business are also shared. Nicholas is a history buff, and his analogy about Japan's growth over the 20th century can be a template for both personal and business growth. Be sure to check out Winterspring online for some great free resources and to keep up with ongoing and future projects.One great takeaway – Look to the top producers, in any area, and emulate and adapt what they are doing to fit with your business goals.Reach Greg at -Greg@realwealth.solutions or schedule a call - https://calendly.comReach Darren at -Darren@realwealth.solutions or schedule a call - https://calendly.comSign up for The Real Wealth Solutions newsletter HERE. Or reach us on any of the following links:Real Wealth Solutions - Facebook - LinkedIn -YouTube About Nick and Eric – Nick Earls: Nick is the co-founder and managing principal of Winterspring Capital and has over a decade of experience in all phases of commercial real estate, including asset management, sales, new construction development, and property management. While building his own portfolio, he has also guided many investors down the path of multifamily investment, management, or development. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development”. Eric DiNicola: Erick, DiNicola, co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Eric understands the importance of investment diversification. He began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with nice in 2015, he leveraged his investment experience and expertise to accelerate the growth of Winterspring's real estate business. Heading up our acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full.Thanks for listening and, as always, an honest review or follow is greatly appreciated.
Mike Taravella interviews Nick Earls & Eric DiNicola of Winterspring Capital. Key Information: What to look for in a market: population growth demographics median household income How to add value: Improve operations and management Update interiors and exteriors Contract contingency: a contract provision that requires a specific event or action to take place in order for the contract to be considered valid. Investor Pro Tip “Be resilient and persistent” Contact Information: Nick@winterspringcapital.com Eric@winterspringcapital.com winterspringcapital.com To register to invest with us: https://jandg.activehosted.com/f/58 Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's LinkedIn: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre
Aaron Iler brings on knowledgeable, first-time guests Nick Earls and Eric DiNicola, Managing Principals of Winterspring Capital, to discuss how they got their start in real estate and how to model the success of others to create your own.In this episode, Aaron, Nick, and Eric discuss:You Don't Have to Be a Guru to Help Someone on Their JourneyHow to Connect with Professionals by Asking for AdviceHow to Use Failure to GrowHow to Stay Stubborn and Chip Away at BarriersDon't Be Afraid to Ask QuestionsAaron would like to give a huge thank you to Nick and Eric for coming onto the Dream Chasers: Ground Zero platform to share their knowledge and wisdom of how to get started in real estate, and how to overcome your personal Ground Zero.Watch the YouTube replay here: https://youtu.be/Gmj5h8By0F4Contact Nick Earls and Eric DiNicola: https://www.linkedin.com/in/nicholas-earls/https://www.linkedin.com/in/eric-dinicola-2408897a/https://winterspringcapital.com/Books Mentioned:How to Win Friends & Influence PeoplePrinciples by Ray DalioTimestamped Shownotes:0:15 – Nick & Eric introduce themselves as Real Estate Investors and Developers1:10 – What Originally Drew You to Real Estate?2:54 - How Did You Decide to Go Out on Your Own?6:11 - What Books and Information Did You Turn To?9:11 - Who Were You Paying Attention To?11:10 - You Don't Have to Be a Guru12:21 - Don't Be Afraid to Ask Questions15:12 - How to Connect with Professionals by Asking for Advice17:09 - How Were You Able to Get Your First Deal?21:41 - How to Stay Stubborn and Chip Away at Barriers26:08 - How to Use Failure to Grow28:30 - If You Could, What Would You Go Back in Time to Tell Yourself?For more of Dream Chasers:SPOTIFYAPPLE PODCASTSSTITCHERGOOGLE PODCASTSSupport the show (https://www.patreon.com/dreamchasers_ix)