Send us a Text Message.

Summary

In this conversation, Nicholas Landis shares his real estate journey, starting with flipping houses and transitioning to new construction. He discusses the challenges of DIY flipping and the role of debt in real estate investing. Nicholas emphasizes the benefits of live-in flips and offers advice for getting started. He also shares lessons learned from his first flip and the importance of setting aside profits. Nicholas discusses the current market conditions and the shift in investor strategies. He shares his experience with a lucrative new construction deal and the challenges he faced in the market. Finally, Nicholas talks about his future plans and the importance of pivoting in the face of challenges. In this conversation, Nicholas Landis shares his experiences and lessons learned as a real estate investor and business owner. The conversation covers topics such as surviving to thrive, learning from others' experiences, detaching self-worth from projects, diversifying income streams, focusing on the plan rather than the problem, affirmations and self-worth, working smarter not harder, dividing yourself from problems, finding a personal spiritual practice, and taking care of yourself.

Takeaways

• Flipping houses can be a roller coaster ride, with both breakdowns and breakthroughs.
• Starting with live-in flips can be a cost-effective way to gain experience and build equity.
• Debt can be a useful tool in real estate investing, as long as it is managed responsibly.
• It's important to set aside profits from successful deals for future investments and financial stability.
• Adapting to market conditions and being open to new opportunities is crucial for long-term success in real estate. Surviving to thrive is a mindset that business owners should adopt, understanding that there will be good years and bad years.
• Learning from the experiences of others, especially those who have faced significant challenges, can provide valuable insights and perspective.
• Detaching self-worth from projects and outcomes is crucial for maintaining resilience and mental well-being.
• Diversifying income streams can provide stability and opportunities for growth, especially during challenging times.
• Focusing on the plan rather than getting overwhelmed by problems allows for creative solutions and forward progress.
• Affirmations and positive self-talk can help maintain a positive mindset and overcome imposter syndrome.
• Working smarter, not harder, involves finding ways to delegate and streamline tasks to maximize efficiency.
• Dividing yourself from problems and maintaining a sense of self-worth separate from external circumstances is essential for personal growth.
• Finding a personal spiritual practice, whether religious or not, can help fill oneself and provide inner strength.
• Taking care of oneself physically, mentally, and emotionally is crucial for overall well-being and success.

Connect on Socials:

• Podcast Instagram/TikTok
  @QueerAndSuccessful
• Hunter's Instagram
  @HuntHousesNC
• Nicholas' Instagrams
  @tychepropertygroup

Check out our Linktree to apply to be on the show, join the community, and more!
https://linktr.ee/queerandsuccessful