Focused on helping develop the future leaders of tomorrow for STX. Nick developed a passion for buying Real Estate over the years accumulating both residential & commercial. He soon realized the benefits of having cash flow pay for living cost. Now helping many others develop their own RE Portfolio and mentoring many.
Learn more on the following licenses Nick holds with TDI on the Texas State Website
NMLS #: 1779664
To learn more how Nick attained his independent RMLO licenses or about attaining your own RMLO Licenses to become a Loan Officer or what a Loan Officer can do please refer to NMLS website.
FAA Issued Licenses Nick Holds
To learn more please
refer to the Federal Aviation Administration.
In short, the BRRR method of real estate investing means buy, rehab, rent, refinance, and repeat. That is, you buy a value-add or undervalued property, renovate and rehab it to market standards, get tenants in there, and refinance it based on your new market value to pull out your original cash investment. You can then set up your remote property management system, and then you rinse and repeat.
The most affordable and easiest properties to find are single-family homes and small multifamily properties with no more than four units. This is because anything over 5 units is seen as "commercial" in lenders eyes. The moment you go commercial loan terms, rates, and availability change.
Nick Smith & Associates Inc. is set up to help all our clients get organized for approved financing. We do deep market analysis to sort through properties that will or will not make sense for the clients goals. We have access to all the tools needed and have a full team organized to aid them through the process of "BRRR".
Nick started in Cutco / Vector Marketing when 20 years old. He now oversees the South Texas Division alongside his national championship winning District Managers. They are responsible for well over 20+ MILLION in Cutco sales alone. Get to learn more in Season 1 of No Sleep Life on the teams YouTube channel.