Nick Ameluxen spent a decade in the automotive industry as a technician before transitioning to real estate. He invests in single-family, turnkey, and multifamily in multiple markets. He’s a real estate coach, host of the Austin chapter of the South Texas Multifamily & More Meetup, and is a partner and asset manager at Quantum Capital.

Mark and Nick sit down to discuss networking, processes, and getting outside of your comfort zone.

What You’ll Learn In Today’s Episode:

• Nick began his real estate journey with education. He was an introvert, so reading books was in his comfort zone, but in hindsight, it was only when he stepped out of his comfort zone, and started networking, that opportunities started to present themselves. He joined a coaching program, met like-minded investors in the same situation he was in. They held each other accountable, fed off each other’s enthusiasm, and eventually did a small deal together in Atlanta that helped get Nick into the multifamily game.

• Nick created a system to get results, reaching out to multiple investors daily to ask how he could provide value for them, not value for him. One of those investors happened to be Mark. They talked a few times, and Mark was impressed with how Nick found and analyzed deals. Over the next few months, they both partnered on about 200 units.

• Focus on the process. We tend to focus on the results, but you don’t achieve results by focusing on results, you achieve results by focusing on the process. It may seem counter-intuitive, but it’s true because results are not always within your control, but the process is. Nick is all about working the process, day-in and day-out. Call brokers, underwrite deals, make offers. That’s the process. Fall in love with the process, live the process, if you can do that the results will absolutely take care of themselves.

Key Phrase:

“I didn’t have a strong network at all, so I thought it had to be all ‘me, me, me.’ But when I joined this community, I found people who started from similar beginnings, and were succeeding. I thought, ‘if they can do it, why can’t I?’” – Nick Ameluxen

Resources In Today’s Episode:

• Mark Hentemann: Facebook | Instagram | Twitter | Email | LinkedIn

• Nick Ameluxen: Email | Facebook | Instagram | LinkedIn

Books Mentioned In Today’s Podcast

• Shoe Dog by Phil Knight

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Elisa Zhang controls a $100M multifamily portfolio in Texas, Arizona, and Washignton. She’s a former product manager in the tech world, and after quitting her day job to invest in real estate full-time, she is passionate about teaching others to do the same. She now focuses her time and expertise on helping typical nine-to-fivers to quit their job in 10 years or less.

Today, Elisa and Mark discuss the power of a side hustle, how to add value from a distance, and building momentum in top markets.

What You’ll Learn In Today’s Episode:

• Elisa is a fan of the side hustle approach to real estate investing. Her tech income funder her first deals and helped build her portfolio. She advocates multiple streams of income, it’s easier to build momentum, it gives you options and the added financial security that multiple income streams offer.

• Starting out, Elisa focused on equity buildup. Her strategy involved value-add properties and 15 year loans. The value-add work forced appreciation, while the 15 year loan accelerated the paydown of her debt. This combination, though it doesn’t create high cash flow, it creates rapid equity growth, and after a few years Elisa would refi or 1031 exchange to scale up into larger assets. This practice, done consistently even as a side hustle, allows her to build the portfolio momentum. She describes it as creating multiple “piggy-banks” with equity she could tap every few years.

• On her first syndication, Elisa made the terms very favorable for her investors. You could argue that she sold herself short, but Elisa saw it as a learning experience. She was humble and willing to play the long game, and it paid off. Those investors saw great returns, and have stuck with her ever since. She prioritized building her experience over building her wealth, and ended up building both. She also built something else, a reputation as someone who is committed to putting her investors first.

Key Phrase:

“Try to fail fast and early. You want to make a mistake on your dinky little single family, so you’re not tipping the Titanic. You don’t want to get into 100 units or more and make these mistakes.” – Elisa Zhang

Resources In Today’s Episode:

• Mark Hentemann: Facebook | Instagram | Twitter | Email | LinkedIn

• Elisa Zhang: Email | EZ FI University | EZ Real Estate

Books Mentioned In Today’s Podcast

• Building A Story Brand by Donald Miller

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