Nick Aalerud of New England’s AA Real Estate Group shares career stories that can benefit any fledgling investor. Nick has executed more than 300 “fix and flip” deals, but his success came only after overcoming scammers, gurus, and disaster deals. He and Lance discuss the vital role of verification, navigating a dreaded SEC investigation, and the power of hitting the “hard reset button.”
This week’s guest
Nick Aalerud graduated with a politics degree. Having realized not many people like politicians or lawyers, he went into investment banking with stocks, bonds and mutual funds – and then discovered real estate & business systems, which have led him be a full-time real estate investor for over 15 years.
After losing everything on his first five bad deals (ask him the story – he’ll tell you!) , Nick’s Redevelopment Company the AA Real Estate Group buys over 100 homes a year in the Greater Boston area, including rehabs, lease options, condo conversions, buy & hold rentals, and multi-unit buildings. The firm’s current deals are being done all over New England, including MA, NH, Southern ME, & CT, with others in PA & FL. He also is a partner in multiple businesses and franchises, including the first of its kind of investor-friendly real estate brokerage (AA Premier Properties) and also works with Maryann Little as a partner in Short Sale Mitigation, a multi-state debt settlement firm, servicing and educating sellers, real estate agents, attorneys and investor buyers. Recently, his team launched a public side of their unique take on a property management firm (Peak Performance Property Management.com), which is now the fastest growing property management company in New England.
He’s a best selling author and an accomplished speaker, educator & trainer in the New England markets, and has spoken on the regional stages with other educators like Wendy Patton, David Lindahl, Larry Goins and Lou Brown. He is passionate in coaching others and even published his own Systems manual, “The Complete Dealflow System”, that has a motivational focus on turning your real estate hobby into a business that creates a consistent stream of deals.
He was one of the founders of Black Diamond Real Estate Investors, New England’s first intermediate-focused REI meetup, and now is proud to be a founder of REI Unleashed, which also meets the 3rd Tuesday evening of every month.
He also hosts the “Shut Up And Do It” Real Estate Podcast, where his guests go through overcoming challenges and struggles in business and in life, and real strategies to help scale and succeed in business.
His focus is now on setting and achieving his vision for the facets of his firm, identifying key opportunities for his financial investors, continuing to educate and coach his students, and continuing to systemize his businesses and locate solid opportunities in both the single family & multifamily industries.