Nelson Epega is a well-known name in real estate circles, but he’s mostly unknown outside of them. With his partner Cindy Stumpo, he hosts a podcast on YouTube that attracts hundreds of subscribers. Both of them are real estate developers in their own right, but Epega’s reputation as one of the leaders in the market is unquestionable.
A Blueprint for Success In Real Estate
Epega is not a very public figure, and his social media feeds are usually how people get to know him. However, spending time in his courses allows an entrepreneur to learn from him. He has always proponent of looking at things in a way that makes sense for the learner.
The blueprint course he designed has that at the core of each lesson. Since confidence is one of the most important things for a real estate entrepreneur to learn, it features high up on the course’s outline. He also outlines what one should and shouldn’t do in real estate as soon as they start.
Learning From Previous Experience
Epega’s investment arm is known as Bando Investments and deals with acquiring new land for developments and building them to specifications. Bando’s guiding ethos is creating a unique, dynamic opportunity.
It’s the same guiding principle that guides Epega’s Millionaire Blueprint course. His present success is due to his ambition and drive. As a first-generation immigrant, he had to fight to overcome many hurdles. The lessons he learned are what he teaches in his real estate course.
Vision, Resilience, and The Right Partnerships
Real estate is a dynamic field. The approach to getting people interested and buying differs from day to day. Part of closing the deal is about confidence, but it’s also about being resilient and doing the hard work of following up on potential clients.
Epega believes that vision and the right partnerships are just as crucial as being resilient in the real estate game. As manager of the Million Marathon Fund (a private equity fund specializing in real estate), Epega is uniquely positioned to explore his horizons.
Teaching About Income From Real Estate
One of the turning points in Epega’s career and life as a real estate professional was understanding how passive income could come from a property. By learning this, he could develop passive income strategies to free up his time for other things.
A core component of his Millionaire Blueprint strategy touches on how important passive income is for a real estate professional. Through short-term rentals and “house hacking,” he explains how newcomers to real estate can quickly set themselves up for success.
Diversified Investment Limits Risk
Another core tenet of any investment strategy hinges on understanding the risks associated with an investment. Not all properties carry the same risk. However, the most risky properties also have the most potential profit.
Epega suggests that newcomers focus on diversifying their assets so they don’t have all their money hinging on a single property. The world of real estate is a complex field, and knowing someone to help navigate it can make all the difference in being successful.
Navigating the Real Estate World Takes Skill
The real estate world can be frustrating and confusing. Between the requirements for professionals, what you’re allowed to do with a property, and the taxes associated with the field, there are many things you need to know to do even the simplest tasks.
According to Epega, it’s not as complicated if you have someone to mentor you. His course suggests that newcomers to the field should find a veteran to partner with. Having an experienced mentor helps to avoid the pitfalls that await new real estate professionals.
Starting or Scaling Requires The Same Skillset
Epega is quick to point out that there are many of the same skills involved in scaling a real estate business as there are in starting one. As one of the most successful real estate entrepreneurs in the US, Epega advises students to understand the fundamentals and build on that knowledge.
While knowing a bit about construction technology might be useful, it’s not strictly necessary. It’s far better to understand the economics that fuels the industry. Epega suggests looking at some of the historic patterns so that new real estate businesspeople can get a feel for the ebb and flow of the market.
Pay Attention To The Details
Another crucial part of being a successful real estate businessperson is knowing what details are worth paying attention to. There are many things that could make or break a real estate investment. Unfortunately, it’s not automatically intuitive that these elements are so essential.
The perfect deal comes from noticing these details and knowing what can and cannot be improved. Some properties are just beyond salvaging, while others have the perfect combination of value and potential that an investor can make the maximum profit from. Learning these things sets the stage for greatness.
Closing the Deal The Right Way
As Epega says, a deal is not a deal unless the investor makes something out of it. Many new real estate professionals see closing the deal as a win, but Epega disapproves of this strategy. Instead, he says, look at the potential value from the closing.
Thinking ahead like this gives a real estate professional the insight to make the most out of a property. If a property requires more time and money to flip it than would make sense spending, then the price you close for should reflect that, not just closing the deal.
Learning From an Expert Can Help Almost Anyone
The course that Epega and his partner offer is designed for anyone wanting to start or scale their real estate business. Epega himself states that he doesn’t think there is a significant barrier to anyone learning what they teach and putting it into practice.
For now, between the course and his features in other classes for other creators, he’s built an empire out of his partnerships and ambition. Most of his students have great things to say about the course. In the future, we may hear more about Epega and his dominance of the real estate market.
