Nick DiLeon’s path to real estate success is nothing short of inspiring. With 20 years of commercial real estate experience under his belt, Nick decided to take the leap and build his own multifamily empire. In this interview with Gino Barbaro, Nick shares how he overcame challenges and leveraged his skills to achieve his ambitious goals.
The Turning Point
After being laid off twice, Nick was at a crossroads. He had always dreamed of venturing into real estate for himself but was hesitant to leave the security of his W-2 job. However, these setbacks became the catalyst he needed. Inspired by the Jake & Gino podcast and the thriving community, he decided to launch his company, Leon Real Estate, in 2020.
Why Multifamily Real Estate?
Nick chose multifamily real estate for its promising potential. He saw the sector’s resilience, especially during uncertain economic times, and recognized the opportunity to create lasting wealth through equity building.
The Power of Community
Joining the Jake & Gino community proved pivotal for Nick. It provided him with the support and knowledge needed to navigate the complexities of real estate investing. He emphasized the importance of recognizing strengths and weaknesses and leveraging partnerships to achieve success.
The Waco Deal
Nick recounts his experience with a value-add deal in Waco, Texas. This property was acquired at an attractive price due to some overlooked operational inefficiencies. By focusing on asset management and operational improvements, Nick and his team significantly increased the property’s net operating income (NOI) and positioned it for a profitable exit.
Key Lessons
Nick’s Future in Multifamily
Nick’s vision extends beyond his current achievements. He sees himself building an enduring organization that creates lasting value for his investors and partners. He remains committed to the multifamily space while actively exploring other asset classes to diversify his portfolio.
Conclusion
Nick DiLeon’s story is a testament to the transformative power of real estate investing. He proves that with dedication, the right knowledge, and a supportive community, anyone can achieve financial success in this field. Whether you’re a seasoned investor or just starting out, Nick’s journey offers valuable insights and inspiration.