Nick Cooley was driving through Texas as part of his medical device sales job. At the time, he didn’t have much money on him. He pulled over to fill up his company car with gas, scraped every nickel and dime from the seats and cup holders, and came up with just over one dollar in change. This was Nick’s meal budget for the night. He settled on an ice cream sandwich before getting ready to spend another night in his car.This was a position Nick never wanted to be in again. He knew what it was like to be broke and borderline starving due to financial scarcity. Nick then decided it was time to jump into real estate investing and make a change for the better.As Nick made more money, he saved up everything he could to start buying primary residences, only to rent them out a year later using his coined “nomad strategy”. He’s done this multiple times and has been lucky to buy all of them in the growing Denver market. That being said, this wasn’t a completely smooth transition. Nick had a property that put a $50,000 hole in his pocket right after closing. If you stick around for his story, you too will be able to avoid this type of mistake in the future!In This Episode We CoverDeveloping your “why” behind investing in real estateThe “Nomad” strategy for buying a new primary residence every yearWholesaling a $2M, 8-unit property as his first wholesale deal How to get your partner on the real estate investing trainFinding deals in expensive, competitive markets like Denver, ColoradoWhether or not investors should become real estate agentsLosing $50k on a bad deal, but creatively making a profit from itAnd So Much More!Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramBPCON2021Rookie BootcampBiggerPockets PodcastMLSReal Estate Rookie Facebook GroupRookie Podcast 81: David Greene on Where Rookies Go Wrong When Looking for an AgentFacebook MarketplaceAirbnbBrandon Turner's InstagramBlackRockCheck the full show notes here: https://biggerpockets.com/rookie109See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.