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Off Leash Foundations Coaching—6 Month Retrospective

Houses and minds transformed!
Ed Wei
Houses and minds transformed! My cohort of beginning real estate investors graduated from zero to riding bicycles. We learned by doing, formed a strong out-of-state team, and bought cash flowing assets.
Before you tap out and say why is this relevant in the cooling real estate market, I'd like to ask you a question: ​Why do you think we will sit back and watch as a buyer's housing market presents the best time to buy in the last 8 years?
One of the biggest barriers to beginner real estate investors is the barrier to the first action. Nick’s coaching was dynamite because it catalyzed us to take action and learn.
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Join
Nick's Off Leash Foundation Coaching session
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with a $300 monthly discount with the code “Retrospective”.
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Chat with Nick
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Read my previous
two month review.
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Disclaimer: I do not profit from this article but I do help my friend Nick. Real Estate is all about building relationships.
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🦋 Emergence from Nick’s Mentorship

In a survey of Nick’s students, we strongly agreed with the statement that after coaching we have the confidence and knowledge to do deal making. Furthermore, we are actively hustling and deal making.
Metric
Statement
1
Understanding
Know how to get to the next steps.
2
Confidence
Confident to take next steps.
3
Engagement
Hustling and deal making.
There are no rows in this table
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Before coaching, students used the words: ​“scared”, “analysis paralysis”, “only in a dream”, “dry knowledge reading many books but don’t know how to practice confidently.”
After coaching, students use the words: ​“transformational”, “forever changed”, “coaching program was a charity based on the ROI I got”.

Why is this Transformation Important?

The current economic environment is an opportune time to learn real estate investing because the housing market is going through turmoil.
“(be) greedy when others are fearful” - Warren Buffet.
With the market turmoil, seller’s markets became buyer’s markets. It’s a particularly good time to buy property at a great price and then refinance when the interest rates improve.

Why might we be dangerous?

You might be thinking, “but investing is risky and I don’t want to loose money.”
One of the biggest barriers to beginner real estate investors is the barrier to the first action. With the understanding and confidence to analyze deals, we limit the downside risk. Nick’s coaching was dynamite because it catalyzed us to take action and learn.

Nick’s Coaching via Deal Making

Nick’s coaching recipe is to focus on actual deal making. He believes that the true learning comes with real life choices as opposed to book learning. Although investing as a beginner can be scary, we were not scared because Nick was with us every step of the way. There’s no book you can read to learn how to do deal making.

Was this house transformation done by a beginner real estate investor?

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Before

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Jamie’s First Two BRRRRs

This story shared by one of the new students, Jamie (pen name), shows the learning that happens when doing real world deals.
Finished the whole BRRRR process for both of my properties. There’s no way I can do this without the support of this community so figured I should share some numbers which might be helpful to some.

889 S Auburn

1
2
3
4
Purchase
$93,000
Rehab
$15,000
Appraised
$116,000
Cash left in deal
$15,200
There are no rows in this table
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1
2
3
Vacant
1 month
Rent
$1,100
Monthly Cashflow
$200
There are no rows in this table
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Learned from Misses
Chose the wrong contractor which caused a one month delay.
Didn’t work with a project manager.
Scheduled with PMs/landscapers not done right, etc. all caused delay.
The appraised value came in low originally because the appraiser mistakenly chose a 1 bed 1 bath as my comp (mine was a 2 bed 2 bath). I pointed that out and they updated the ARV from $115k to $116k. lol. I guess they just don’t want to admit their mistake. I moved on because time matters too.
I took 3 months to finish the rehab from a series of mistakes when it was a 1.5 month job.

2819 Carla Ct

1
2
3
4
Purchase
$83,000
Rehab
$42,000
Appraised
$147,000
Cash left in deal
$14,750
There are no rows in this table
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1
2
3
Vacant
2 weeks
Rent
$1,100
Monthly Cashflow
$100
There are no rows in this table
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I got lucky with this one as it has a comp that was sold after I bought the property and the comp’s price was abnormally high (2732 N Boehning St, Indianapolis, IN 46219 sold for $165k). It definitely pumped my appraisal.
When asked if she would do another deal today, she answered:
Hell Yes! I would! My next step will be to upgrade to a B class property and try with private money to scale up my operations.

Summary

A great coach is able to challenge and change your world view. Our houses and minds transformed because we had the guidance of Nick’s coaching.
If you’ve been waiting for the right time, there’s no better time to come join me, Nick, and our community of real estate investors.

Additional Resources

Nick Giulioni took a 5 year path from Meta W2 income to Financial Independence.
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FAANG to FI - How I Reached Financial Independence in 5 Years Through Real Estate Investing
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How To Get Started In Long Distance Real Estate Investing
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Hiring VAs for Real Estate - Do More and Pay Less!
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How To Buy Houses With Low and No Money Down - Creative Finance
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