Starting out with Real Estate as Your Side Hustle with Eric Nelson

Are you wanting to get into real estate, but haven’t taken the first step? In today’s episode of the Life On Your Terms Podcast, I chat with Eric Nelson about taking action. If you’ve wanted to start your real estate journey, we go over the importance of starting your side hustle with any time that you have. We also discuss the power of owner financing, and how it is often one of the best deals you can make. Eric Nelson encourages newbies to attach work to any activity that they’re already doing to help get them started. We also go over mentorship, the power of free meet-ups, as well as making sure you’re educating yourself if you’re working with investors. Overall, this episode offers guidance to those who are getting started in real estate and need specific action steps to take. Eric Nelson is the Founding Principal of Wild Oak Capital. He has been investing in real estate for over ten years. Eric and the Wild Oak team provide investment opportunities through multifamily syndication. As a co-owner of a civil engineering firm, Eric’s range of skills suits the field of syndication and real estate on both the technical level and client relations side. Eric is also the host of The Real Estate Mindset podcast, where he discusses with industry leaders what it takes to be a successful investor based on continuous personal and professional growth. He credits his success in real estate to his work with mentors and coaches, as well as a “pay it forward” mindset.What we discuss:(2:08) How Eric got into real estate (10:00) Just ask the question(14:00) The power of owner financing (18:45) Meetup.com (21:00) Why you need a mentor(28:00) Wild Oak Capital(30:00) Low risk syndication (35:00) The market for vacation rentals (39:30) Book and Podcasts recommendations (43:00) It’s okay to have “boring” deals(46:00) Don’t be afraid to be selective (48:00) Giving back(52:00) Eric Nelson’s coachingFind more from Eric NelsonWebsite: https://www.wildoakcapital.com/ Podcast: https://podcasts.apple.com/us/podcast/the-real-estate-mindset/id1560387078 Instagram: @wildoakcapital @ericnelsoncoaching Facebook: https://www.facebook.com/WildOakCapital Find more from Jake Rosenthal:Website: https://www.purelegacies.com/  https://www.jrvacations.com/ TikTok: https://www.tiktok.com/@jake.r.rosenthalInstagram: https://www.instagram.com/jake.r.rosenthal/YouTube: https://www.youtube.com/@Jake.Rosenthal Podcast: Life On Your Terms with Jake RosenthalPodcast: Life On Your Terms with Jake Rosenthal Thank you for tuning into the "Life On Your Terms" podcast. If you enjoyed this episode, don't forget to leave a review, including topics you’d like to hear. Join us next time as we explore more ways to live life on your terms with inspiring guests and impactful stories.