SA112 | Passive Income Through Discovering the Potential of Assets with Nick Brown

In real estate, it's crucial to predict challenges that could occur during its growing stage. Business planning in advance and strategizing things accordingly may prevent these possible problems. Knowing the potential of each asset before investing can also minimize risks while scaling your investments. In today's episode, you'll learn more about scaling a multifamily investment as Aileen's guest Nick Brown, shares his ability to determine the best deals for passive income. They will also discuss asset management and operations, and their importance to your success as an investor.What You'll Learn From This Episode:Nick's Law Background and What Made Him Decide to Invest in Real EstateBiggest Challenges with Lending and Scaling His First DealImportance of Establishing Credibility and Relationship with LendersDifference Between Multifamily and Assisted Living in Terms of Asset Management and OperationsOpportunities from Senior Living Assets in Real Estate PerspectivesServices Required to Assisted Living FacilitiesNick's Biggest Challenges with His Multifamily Deals Especially with the Lending Side During CovidDoing Real Estate Business with the Right People and While Building a Strong TeamTime Management for the Efficiency of Your BusinessGuest Bio:Nicholas Brown, Esq is the Principal and co-founder of Avery Investments.  Nick is responsible for asset management and operations, acquisition due diligence, capital projects and general execution of the property business plans in order to maximize the investment potential of each specific asset.  His background includes significant experience in real estate development and operations.  Over the past decade he has started, grown and exited several successful businesses.Website: https://averyinvestments.me/ Facebook: https://www.facebook.com/nick.brown.msTo Connect With Us:Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!Sponsor:Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start? Visit GrowYourShow.com and Schedule a call with Adam A. Adams.