TGCI 199: Pivoting to grounds up development after starting a civil engineering firm

The Gold Collar Investor

In today’s show, Pancham interviews Eric Nelson - a founding principal of Wild Oak Capital, co-owner of a civil engineering firm, and host of The Real Estate Mindset Podcast.

Eric is the epitome of luck, perseverance, and hard work as he learned the beauty of real estate investing through his first successful house hack. With over 10 years in the investing game, he is currently offering investment opportunities through multifamily syndications and guiding aspiring investors to succeed by having growth mindsets!

In this episode, get inspired as he shares his journey of realizing the benefits of real estate investing and transitioning as a multifamily syndicator! He’ll also share how having the right mindsets helps in continuous personal and professional growth.

Listen and enjoy the show!

Quote:

“Syndications are an awesome way to get into real estate and you don’t have to do anything.”

Timestamped Shownotes:

• 0:36 - Pancham introduces Eric to the show
• 1:39 - How he discovered the value and benefits of real estate investing
• 10:39 - Why he focuses on multifamily syndications as his niche
• 14:02 - Overpowering self-doubt through mindset and confidence
• 15:55 - On relying on third-party managers when investing in multiple markets
• 17:23 - Providing quality outputs as an engineer and as an investor
• 20:58 - Changing investment strategies amidst market shifts
• 26:51 - How time blocking helps in having a productive day
• 29:05 - Taking the Leap Round
• 29:05 - Househacking as his first investment outside of Wall Street
• 29:56 - Overcoming his investing fears through a mindset shift
• 30:55 - Lessons learned from his single-family home investment
• 32:10 - Why investing helps you have more control in your life
• 33:39 - How you can connect with Eric

3 Key Points:

1. Partnering with other people such as investors and suppliers would go a long way as it would help improve your investing business.
2. In order to continuously grow your business, you have to be out of your comfort zone and push yourself steadily in order to attain success.
3. Instead of looking at things negatively, having the right mindset and looking at things in a positive light helps you get the push that you need.

Get in Touch:

• Wild Oak Capital Website - https://www.wildoakcapital.com/
• Eric Nelson Email - [e-mail]
• The Real Estate Mindset Podcast - https://www.wildoakcapital.com/podcast/
• Get your free e-book “Top 6 Reasons To Invest Outside of Wall Street” at https://thegoldcollarinvestor.com/download/
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
• Pancham Gupta Email - [e-mail]