Nick Vertucci and his journey through Real Estate

Nick Vertucci and his journey through Real Estate

Jason Hartman chats with Investment Counselor Adam about what could happen to the cost of lumber and the cost of home construction based on the potential passage of the US-Mexico-Canada trade deal. With the deal already through the House and awaiting the Senate approval, it could have significant ramifications. Laster in the show, Jason brings on author Nick Vertucci, as they discuss his book Seven Figure Decisions. Nick details his journey through the real estate world after his tenure in the tech industry.

Investor Testimony 0:00
You’re gonna laugh, but because of your podcast, we’re positioned. Well, I don’t know how else to thank you. But thank you, your podcast and your services are amazing. And I wish I could do more as far as working with you guys, but I haven’t really but maybe in the future, obviously. But once again, our family is grateful to you and your services. And your information is priceless. Thank you so much.

Announcer 0:27
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multi millionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it. And now here’s your host, Jason Hartman with the complete solution for real estate investors.

Jason Hartman 1:17
Welcome to Episode 1357 1357. Thanks for joining us today. Adam is here with me. And we are talking about seven figure decisions. That’s what our guests will talk about today. And, you know, a lot of times in life, we make some pretty large, large decisions without even realizing it. Sometimes in haste in emotion, in really bad ways. We make decisions that can cost us hundreds of thousands, if not millions of dollars. I have had people make those decisions with me. I’m sure I’ve made them with other people. Talking about, you know, in that first example how I know it cost them that much money. And I have to think of a time when I’ve done it. And it’s probably cost me that much money to we do this. This is a dangerous pursuit as people, and we’ve got to really realize the gravity of some of our decisions. Remember, in all decisions, you can’t hear the dogs that don’t bark. So that’s a part of it. But sometimes it’s more forthright than that. Sometimes that seven figure decision is obvious. And that’s what we’ll be talking about today. Adam, how you doing? Welcome back.

Nick Vertucci 2:34
Oh, thanks for having me. It’s great to be back.

Jason Hartman 2:36
I think it’s been a little while since you bet on the show. Um,

Nick Vertucci 2:39
I might have been on with last week. I don’t remember. But before there are no schedules and recordings always seem to be missing each other lately.

Jason Hartman 2:45
Yeah, they they have been. But hey, before we get to our guest on the seven figure decisions, well, I guess Do you have any comments on that? Just to add to what I said. And then let’s talk about this trade deal, and how it’s going to affect real estate investors.

Nick Vertucci 2:58
Yeah, I think one thing we have to remember is just as you go about getting ready to make those decisions, whether you know it or not, it’s all about them making a decisions. Sometimes your seven figure decision might be just not making a decision and waiting too long. And so I think that’s something to keep in mind.

Jason Hartman 3:12
That’s true. And to coin the words of a great rush song entitled freewill, you can choose not to decide, but you still have made a choice. Okay. And then that is true a decision, a non decision is also a choice. Okay? So either way, there’s, there’s always choices we’re making. All right. So you are interested in this trade deal, and how it may ease the housing shortage or ease prices a little bit because it involves one of the key ingredients in most us regions, but not as true around the world. I you know, depends on the construction techniques that are used. But here, we use a lot of the L Word. No, it’s not love. Hopefully homes are being built with love, but probably not. They’re just being built with. I’d rather be

Nick Vertucci 4:10
competent and knowledgeable.

Jason Hartman 4:12
So forget about the love part of it, but it’s lumber. That’s The L Word. Okay, lumber. And that’s a big component of housing construction in most US markets. When you look at these different ingredients, as I’ve always talked about packaged commodities investing, and how, you know, we need to look at all of these ingredients of the house, lumber, concrete, copper wire, petroleum products, glass, steel, energy, all these components, right. lumber is a big part of that component in most us areas. Now where I live in Florida, these houses are built like tanks. I mean, my house that I bought just over a year ago, is so solid. I can’t even tell you. This thing is a rock. You know? Cuz it’s all bricks, right? They’ve got to build them here to withstand high winds in a potential hurricane. But in Southern California where I used to live, you know, it sticks its stick construction. So a lot of a lot more lumber used in those properties than these. But what do you think about this? It looks like lumber prices. They’ve been up real high. They’re not very low now. And it looks like they may be easing a little bit, which will be a pleasant occurrence, I think.

Nick Vertucci 5:28
Yeah, would be really nice. Now, one of the things the trade deal we’re referring to is not with China, it’s the US Mexico Canada agreement, which has been passed by the House, and it’s now sitting in the Senate. And if I recall correctly, it’s one of those things that Mitch McConnell has come out and said they’ll deal with after the impeachment situation gets resolved one way or the other. So this is something that, you know, we might see get delayed a month or two months or three months down the road, depending on how long this whole scenario takes. But since actually, you know, we were discussing before Since Trump was elected, people knew that, you know, trade deals were going to become we’re going to get revoked, and we’re going to get renegotiated. And the price of lumber with that we were looking at just

Jason Hartman 6:10
the markets reacted

Nick Vertucci 6:13
positive way for builders went up on the day he was elected, I believe we said it was around 300. And let’s go just hang on a second.

Jason Hartman 6:21
Let’s go a little more chronologically. Okay. And we’ll put that in there will be more in context. Okay. So if you look back to the Great Recession coming out of the Great Recession, and we’re looking at a lumber price chart now, in January 7 2010, it was at 232. Okay. 232. All right. And then, you know, by April of that year was at 333. And it’s it’s had these ups and downs and ups and downs and ups and downs. And so if you go to, you know, right before the Trump election, is that where you want to go, Adam, how’s that

Nick Vertucci 6:56
and just just let people know in that up and down, up and down, it’s bouncing. around just below or just above 300. That’s kind of where it’s bouncing around during and coming out of the Great Recession. So it’s bouncing around and coming out of 300 Trump’s election in early November of 2016. It was on 11 to it was three to 8.5 am and then it peaked on May 21 2018. At 609. That’s just an crazy I mean,

Jason Hartman 7:27
609 in 2018. So some really high level prices and right now, or at least at the last reading, which is literally Christmas Eve for 20. Okay, which are about where Elon Musk was talking about Tesla stock, alluding to marijuana smoking. Everybody thought it was right. For 20. Right. So that’s the last number we have. And so you know up considerably from coming out of the Great Recession, the first reading we have 10 years ago. But down from that crazy peak in 2018 or 609. So do you see lumber prices easing a little bit more, it should be nice to be able to see some affordable housing construction, which we have not seen in 10 years.

Nick Vertucci 8:17
Well, the good part would be if this bill gets passed by the Senate as well, is that whether or not they ease or not, which they probably will because Canada we import more lumber than any other country from them. So it will either soften or stabilize, you know, it’ll either stick at this level, and we’ll know this is the price of construction, or it’ll drop a little bit and then stabilize and we’ll know this is the level but it would be great for us. If Home Builders weren’t concerned about that $600 pricing. You know, they have to factor that in when they’re purchasing and pricing things out for you. You know, if you want to start building a home and a month, you know, obviously first stuffs probably not going to happen. But they have to factor in the fact you know, this could cost $100 more in two months whenever I’m needing more lumber. So if we can get that price to stabilize, we can at least go into these homebuilding type purchases, knowing the cost of labor and the cost of parts. It will be good for the housing market. Definitely.

Jason Hartman 9:20
Yeah. Okay. So that would definitely be good. It says, going to one of the articles that we referenced for this piece, homebuilders still haven’t recovered from the housing bust a decade ago, and this is Lawrence Yun talking and he’s, he’s on tomorrow, the chief economist of National Association of Realtors, and, you know, he’s been on the show before he’s a bit of a, you know, always promoting housing. That’s his job, right? You gotta take everything with a grain of salt. You know, that’s what he does, right? Yeah, shocker. There will probably be 888,000 single family homes starts in 2019, which isn’t enough to keep pace with a population expansion. Now that seems like a lot. housing starts. Okay. But Oh, it’s you know, there’s been a deficit for many years. And that’s why we’ve seen this. So out of whack. So we’ve still got a tremendous, tremendous housing shortage in this country, that benefits investors. But I tell you, it wouldn’t hurt to see it ease up a little debt. I think, you know, there’d be, you know, some more buying opportunities. While interest rates are low, great time to grab some more properties for your portfolio. I just think it’s overly tight now, and I wouldn’t mind seeing it ease up a bit.

Nick Vertucci 10:35
You were talking about housing starts. I just pulled up a link. I clicked on that link that goes to the federal reserve of St. Louis. Yep. housing starts. And housing starts in February of 1959. And that’s not St. Louis housing starts. That’s all from the federal.

Jason Hartman 10:50
It’s that branch. Yeah,

Nick Vertucci 10:52
go ahead in February of 1959, year over year, housing starts with 1.3 million and then we have Haven’t seen a consistent level that we are now. I mean, it bottomed out in March of 2009. At 353,000. Yeah, year over year. And then, you know, we’re back up to 938. But the last time we were around here was 1990.

Jason Hartman 11:16
Okay, so let me give you a point of reference to the peak being February 2006. That was 1.8 million. Our January really was way over 1.8 million. And yeah, yeah, yeah. And so it’s up and down. But definitely, you can see that there’s a huge shortage of inventory. Remember, this, you can’t track this with population alone. You have to also allow for some of the housing stock to become obsolete. And when that obsolescence sets in, you know, they’re tearing old structures down, and they’ve got to build something to replace it. And so, yeah, we’ve got quite a shortage. It’s just baked in for easily for a decade.

Nick Vertucci 12:00
I mean, the levels that we’re at now it’s it’s incredible. We’re we’re sitting around the level that is the low point, pretty much of the entire last

Jason Hartman 12:08
70 years if you take out the Great Recession, yes, that’s absolutely true. So if you if you just skip that point where it got lower in terms of housing starts, and then you look way back to 1960, we are very under housed. You know, I’d attribute a lot of that to regulation. I mean, look at the regulatory burden, it’s become so much more expensive, and so much more intense. To build houses nowadays, it’s just a much harder deal.

Nick Vertucci 12:38
So stabilize prices from lumber will be a big help to builders. So we just have to wait and see what when our Congress is actually going to do something.

Jason Hartman 12:46
Well, this is a lot more than a seven figure decision. This is like a nine figure decision, maybe a 10 figure decision, I’m not sure. So, let’s get to our guest and let’s talk about the seven figure decisions, any questions? You need an investment counselor want to look for properties, go to Jason Hartman calm or call us. Yes, we do have a phone. And that’s so refreshing nowadays that you can actually call and talk to us.

Nick Vertucci 13:12
Now we’ll take you up on this but i

Jason Hartman 13:14
know i know millennials you’ll just use the internet but for non millennials, Gen Xers, baby boomers, the silent generation, feel free to pick up the good old fashioned phone at one 800 Hartman. That’s one 800 Hartman and let’s go to our guest and talk about the seven figure decision. It’s my pleasure to welcome Nick for Tucci I’ve known him for several years now and followed his career. He is the founder of envy real estate Academy, best selling author of seven figure decisions. Nick, welcome. How are you? What’s going on? Jason? How are you buddy? Good. Good. It’s good to have you on the show. And you’re coming to us from my old hometown, Orange County, California. So it’s great to have you. Yeah, you were in the business of selling investment. properties and flipping properties for many years, and then you sort of changed your career path a little bit, and went more into the education side of the business. Tell us about that.

Nick Vertucci 14:10
Well, sure. So in 2004, what makes it interesting is the business that I’m in now, which is the real estate training industry is I’m a product of it. See, in 2004, I was invited to a real estate three day class, I was losing a tech business I was in probably the worst financial position worst that I’ve ever been in. I was losing a tech business. I was in debt, a ton of money. I was in a tough spot, and I got invited to a three day class. So I’m a product of the real estate training industry. And then for you know, 10 years plus before I got into the training aspect, I started investing in real estate I I focused and specialized in residential cash flow foreclosure properties. I created a turnkey system to help investors buy properties that were already purchased, rehabbed, had renters in them and actually have management controlled by us around them. We did that for a lot of years. And of course, we giving you the very very abridged version, there is a whole story behind that it wasn’t the easy path, but it just sounded like what I just told you. And then in 2013, towards the end of the year, I had a little something happened to me that catapulted me into the real estate training space, it really wasn’t going to be my plan. But it did happen. And actually one of the worst things that ever happened to me wind up being the best thing and, and now for the past five years, coming up on five years, I’ve been running the NB real estate Academy and the National real estate network, two different brands side by side and we are teaching people how to not only flip properties, how to get from their money into deal safely, how to buy commercial properties, how to buy residential cash flow properties. I really love what I do. So that’s what I’m doing now. But again, that’s the macro look at man, anything you want to know or your think your listeners want to know. Feel free to dig deeper into all that but lots of details in that what I just told. Sure, sure.

Jason Hartman 16:00
Tell us about some of these seven figure decisions if you would, because you really made a pretty big switch in your career. And I know we talked before you had some partnership troubles. I like to quote my late grandmother, when it comes to partnerships. Many years ago, she told me, Jason, the hardest ship to sail was a partnership. Yeah, that’s a pretty great quote from old grandma, you know, so smart, spoken smart. Yeah.

Nick Vertucci 16:29
Tell us well, so for me, I can bring it back to 2004. And then I’ll bring it back to your question here is when I was losing a technology business that I had run for a while and I was doing very, very, very well for a while and during the.com crash happened. And you know, we had 911 we had a double dip recession point is my business tanked and over the course of from 2000 to 2003 or four, I was basically losing my business and I was millions in debt. And I got a call going back to seven figure decisions. I got a call from a friend named Walter Wolf basically was an acquaintance who was leading the pack energy, business and misery loves company. We both build up because of lack of the money intelligence. And I had a lack of life experience, I guess you’d say in business. We both filled up really big lifestyles and when the music stopped and our businesses tanked, and misery loves company, and so he called me up one day, and he said, Nick, what are you doing from this Friday to this Sunday on this particular day? And I said, Well, I have no idea why what’s up? And he said, Well, I’m going to a three day trip, real estate class and they said, converting somebody. And I thought of you as you’re in the same position I am. And you know, I will tell you, Jason At first, I told, well, no, I said, Listen, I need Friday to Sunday just to recharge my battery enough to most likely cry my way to work on Monday because of the situation I was in, in my business, trying to make payroll and basically losing my business with the bank and trying to figure out how to unwind out of it without making it worse. And he told me something very interesting. And he said, Well, you know, I paid $6,000 for this class. I promise you this is the exact thought I had my exact thought was, thank God, there’s somebody stupider than me on this planet, because I couldn’t believe he’d do something like that. And the position he was in, but I’ll tell you, he put interesting enough, he put a value on it, and I literally will get the chills every time I say this on my arms to think if I said, No, and I said, Yes. And I went, and by day two, I have made a decision that I was going to pursue this business. And I had to make some big financial decisions to do that, but I didn’t have the money to do it took my last bit of money out of the equity of the home, I was losing. And I went for it,

Jason Hartman 18:37
Nick, by the way, what you need for this is 2004. And what was the Wait, wait, wait, what was the tech business you were losing? You said you were losing a tech business. What do you mean by that?

Nick Vertucci 18:47
Sure. In 1989, at the age of 22 years old, I started a technology business by initially selling memory chips, brokering them. I realized that college wasn’t going to be for me early on K through 12. Educated guy, I have nothing I look, I think education is great. I have nothing against it. But I also know that we all don’t fit into that same box. And I think I just got lucky instinctually knowing that and so when I started brokering chips, it evolved into parts, it evolved into putting together computers. And so I had a full I was a full systems integrator, like a mini Dell. And because I was in the right place at the right time, you know, high tides raise all boats, right. And so I did very well for a lot of years in the tech business and we became a systems integrator doing full cabling. I really wasn’t a tech guy, but I was in the right place right time. In the year 2000. We had the.com crash, right? And that’s what took me out. So, you know, when I made that decision, then in 2004, to pursue this, your initial question here is tell me about seven figure decisions. Well, here’s what I can tell you and I’m going to fast forward. I had created a cash flow system with a partnership actually to partnerships. One with my actual partner and one with somebody who was already in the real estate training business. And I was putting my partner and I were providing properties for the students, basically turnkey cash flow properties. We did this for many years, we did hundreds of them. So what happens is in 2013, and again, I’m just going to brush over this, but one of the worst experiences I had for me emotionally was I got circumvented. My partner, and the other partnership kind of went around me and they started basically doing the business without me. And the reason for that is because that particular training company wasn’t making it anymore. And that was a revenue source. And it was a real dirty deal. I don’t really want to go into more than that, other than to say, I made a decision to go into the training business after that, and then again, really fast forwarding this, but in 2014, in March, I had been in this industry now for about three months, January 2014. I launched I was on the phone with the other not my partner but the other partnership because I He was coming after me legally, if you will, because he didn’t want me in the same space as him. I say all that to tell you one thing when I was on the phone that day, there was something said to me that day where if you want to stay in this business and you want to compete with me, I’m going to basically dismantle you financially. I say that to say this. And he said, I may need you to take your time because you’re making a seven figure decision right now. And you really need to think about it. But I’ll tell you what, that moment was so surreal for me, because it made me realize that my life really was based on all these decisions that were either seven figure decisions, good or bad. And I had a defining moment where I had to decide Am I going to fight for what my actual destiny was? Or was I going to cave? And so when I wrote the book, seven figure decision, the name of that title, is from that conversation. So what I’ve learned is this true leaders, people that are successful have a common denominator. It isn’t that they’re the smartest person In the room, it is because are the most highly educated is successful people have the ability to push through obstacles to push through fear. And I have some mentorship for this, which again, I haven’t discussed with you. But I learned how to do that. And so even with my students today, as I teach them real estate investing, one of the most important things I could teach my students is the successful students they’re going to come out of my classes are the ones that are going to take what we teach them and to not give up because every single successful person, their past usually are littered with failures. But success speaks for itself. And you don’t see the failures you just see the success. So again, the long winded answer is seven figure decisions is something I realized that you know, making no decision is a decision is the worst decision you can make. And some people will not get outside of their box. They won’t go try to be successful. They won’t do the things that they’re destined to do because they’re too fearful or they make excuses because of fear obstacles or other people or or society or whatever that may be. So for me, that’s why I wrote the book. It’s a memoir, but it’s littered with success principles and how to win in business and in life.

Jason Hartman 23:09
Okay, good, good stuff. Let’s switch gears and talk about your thoughts on the real estate market. And why you like real estate as an investment. There, of course, many, many ways to do real estate, many product types. We could talk about that forever, but just kind of a macro view. I mean, I love income property. I think it’s the most historically proven asset class in the entire world. And it’s accessible to a lot of people. It’s created lots of wealth for lots of people. It’s not perfect. It’s not easy, but it’s worth it. If you asked me, What are your thoughts?

Nick Vertucci 23:40
Well, yeah, like you said, it isn’t perfect, and it isn’t easy, but it could bless you very, very much as lucrative if you do it right. And you’re in the right positions when you do it. For me, one of the things that really stood out to me when I was getting my training and you can decided to go after this and that was cash flow properties. And the reason is, is because I learned something valuable. I learned that in my business, I was in an active income business, I needed people to buy computers from me, for me to continue to make a living, I wanted to start creating something that I could like leave a legacy that I could actually build to where at some point, if I didn’t do it anymore, I still had enough mailbox money and income. So that’s how I got into this business with the passion for cash flow initially. And you know, eventually I built up my personal portfolio to a point where I’ve accomplished that but it wasn’t easy. It was one door at a time. And then I created a course that turnkey system where I was selling properties to investors and making a feat on a basically and helping them get into the market that they probably wouldn’t otherwise make in or you know, be able to hold a nice asset for a nice return. And you know, one of my mentors or my actual mentor made a statement to me and said, the properties You’ll regret the most are the ones you sell. Now, of course, if you’re an investor, you’re going to sell a lot of properties whether you’re flipping out on you’re buying them and my wholesale turnkey system with evidence, but the point he was making is if you just add somebody up an age bought one or two properties each decade, they probably would have a whole different look at their financial future when they finally got to the time in their life where it mattered to be able to have a retirement. And you know, most people don’t do that. And I know I don’t want to depend on the federal government or any company for my retirement. So for me, it’s just an amazing business. If you stick to it, all the guys out there that are teaching this and talking about it that will talk and say, it gets you pumped up and say it’s easy or tell you you’re going to become a millionaire overnight. generally not true most of the time, not true, and it’s an untruth. But it is a business that I think everyone should consider and learn about because most of the people of wealth in this country came from some sort of real estate investing. Yeah, absolutely.

Jason Hartman 25:51
Well, good stuff. What are your thoughts on the economy and the direction of the market you know, everybody loves predictions and loves to hear other people ideas of where things are going

Nick Vertucci 26:01
well, you know, I can tell you our economy, you can look at it two ways. Of course, it’s doing wonderful and jobs are great. And the stock market is on an all time bull run that it’s never been on. But you know, there’s some there’s also some problems with the economy and we have a lot of national debt, and a couple of elections or a couple different things happen or some change in policy or interest rates, you know, of course, are going off which you and I know that you know, you can make money in an up market, a down market in a linear market, I feel the market may be not sizzling as much in real estate coming soon. I don’t think we’re in any massive bubble, if you will, but there’s still plenty of money to be made flipping. There’s still a ton of low hanging fruit out there. If you buy right on cash flow stuff. You know, right now, you know, a lot of people like to put their money into retail, but with interest rates rising, you got to be careful with the mortgage rates but also a lot of the equity. A lot of the equity rates are still performing really well even with the interest rates going up. But I don’t think anyone with real certainty can give you an exact forecast. I always believe there’s just tons of different moving parts of real estate. Yeah, of course,

Jason Hartman 27:11
good stuff. What do you want to tell people? Maybe a question I haven’t asked you or just anything you want to talk about,

Nick Vertucci 27:17
there’s probably so many things that I could want to talk about. But I just think that one of the things I’m most passionate about is whether we’re talking real estate investing or starting your own business, or whatever it is What I think I’m most passionate about in the business I’m in and even though I’m specialized in real estate investing, is I just want to remind the people out there, that we’re in the greatest country ever, regardless of their politics, regardless of whatever problems we have issues and there’s so much opportunity out there. And I think just the thing that really is the passion of mine is just to want people to get outside of their comfort zone, to have an entrepreneur spirit. And whether it’s on a part time level or a full time level or any level just Get out there and create something because there’s tons of wealth to be created. And I just see a lot of people that want that. And they want to do that, but they just won’t get outside your strongest muscle in your body and your assets you have is your mind. And I know there’s so many self help things out there. And I don’t believe that you can just be positive and attach to yourself in your mailbox, I believe has to get up off your cannon and go work harder than the next guy to do it. But I also do believe that if you do tap in to a positive attitude, you do tap into learning how to overcome fear. I believe you’re capable of anything. And I do believe that real estate investing for some people is the most incredible business to be in. Yeah, definitely. Definitely.

Jason Hartman 28:41
Talk to us. Maybe before you go Nick about any more of those seven figure decisions. Are there some specific decisions or are you just generally saying you know, this is a seven figure decision and I agree, you know, it’s truly amazing how important a couple of decisions can be they can last for decades. Right? Yeah, it’s like that old saying of you know, well now you made your bed you got to sleep in it right?

Nick Vertucci 29:06
Yeah, I could just I could just answer it this way I don’t know if I could get micron it but in a macro look at that is decision making is one of the most single most important things a successful person, if you’re going to be successful, you have to have even if you make a series of bad decisions, and let’s say you were going to make 10 decisions in your business or in anything to do with business, and you made nine bad decisions and the 10th was an absolute hit. All the other nine were worth it. I still make tons of bad decisions, but I’m capable of making one and I think a lot of people aren’t because of again life fear obstacles and they won’t make them and no decision is the worst decision you can make. And so for me, you know when I had that said to me in 2014, it’s March it really was a surreal moment it finally dawned on me that you know me not going to college could have been a seven figure decision good or bad for me it was actually good because that wasn’t my Destiny, when I decided to say yes to that three day class, I mean, I’ll tell you what I said no, initially, and that’s, you know, life is a game of inches. And that was a seven figure decision. And then I gotta tell you, I made a lot of negative ones, too, that came back to, you know, to not be perfect, but that’s okay. Because I was still capable of making them even in my business today, I will make some decisions that aren’t perfect, but I have to leave, I have the ability to make another one and correct it. And all I mean by that is, you have to be able to put yourself out there, I haven’t seen that I say it’s called see it, believe it, map and execute it. And the premise of that is, you first have to see wherever you’re going, you have to have that vision, nobody else can see it for you, you’ve got to know what you want. Number two is you have to figure out a way to really truly believe it before you can go after it. And there’s a lot of ways to do that, that will probably not get into but it’s very key that you do because if everyone else believes it, and you don’t ain’t happen, map it, which means you have to have a plan of viable plan, something that will actually work and I use the example you know if I wanted to be an NBA basketball player Not gonna happen, I’m not going to dunk on anyone anytime soon ever. So I want to have a plan that’s actually going to work. And so you have to map it. And then last but not least, even though it’s cliche, the whole take action thing, it’s executed without the last step of actually taking that execution and taking that action. All you have is a thought, a plan, a good dream, but something that’s not real. So I believe in see it, believe it or not that execute it, be able to make those decisions and be able to get out there and just start grinding it up.

Jason Hartman 31:31
Good stuff, Nick, give us your website and tell people where they can find out more.

Nick Vertucci 31:36
So Nv real estate academy.com is the training portion of my life. And if you and again, I’m not promoting the book, I’ll tell you about it and if someone wants it, they can order it. I didn’t write this book to make money or to be even though it’s done very well. It’s called seven figure decisions and stored seven spelled out. You go to Amazon, you type that in, you could buy a Kindle or the paperback. And it’s an my story, but littered with business principles, success principles, and what I believe was the reason for my success or any success, which is not the real estate investing. That was the vehicle. The real success was the stuff that I’ve kind of been kind of bringing it back to the whole time because I believe that’s the difference of what makes people successful and not successful and not just knowledge. So

Jason Hartman 32:25
good stuff. Nick. Thanks for joining us.

Nick Vertucci 32:26
Hey, man, I appreciate it. Jason. Thanks for having me. It’s good to circle back I I like you said, You’ve probably seen my career for years. I’ve seen years I’ve seen you out there. We both are in the cash flow business for a while I know who you are, and it’s an honor to be on your show and keep doing the same man.

Jason Hartman 32:40
Well, thanks. It was good having you and happy investing.

Nick Vertucci 32:43
All right, buddy. Yeah.

Jason Hartman 32:45
Thank you so much for listening. Please be sure to subscribe so that you don’t miss any episodes. Be sure to check out the show’s specific website and our general website Hartman. Mediacom for appropriate disclaimers and Terms of Service. Remember that guest opinions Are their own. And if you require specific legal or tax advice or advice and any other specialized area, please consult an appropriate professional. And we also very much appreciate you reviewing the show. Please go to iTunes or Stitcher Radio or whatever platform you’re using can write a review for the show we would very much appreciate that. And be sure to make it official and subscribe so you do not miss any episodes. We look forward to seeing you on the next episode.

Archive