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$56 Million in Real Estate with Nick Earls and Eric DiNicola, Winterspring Capital
Welcome to Owner Operated.
This week I spoke with Nick Earls and Eric DiNic0la, co-founders and managing principals of Winterspring Capital and co-owners of PWN Development based in the Greater Boston area.
Listen to this week's show on Spotify, Apple, and Google Podcasts.
Winterspring Capital is a real estate syndication firm with a portfolio of $56 million in multifamily assets under ownership throughout the Southeast and Boston.
We covered:
- Getting started in real estate development
- Balancing development of proper with long-term hold investment properties
- Self-funding deals vs. raising capital
- Real estate syndication: 506B vs. 506C rules
- Buying real estate under LLCs vs. starting a real estate fund
- Hiring and managing sub crews and employees
- Handling partnership disagreements and best practices
- Don’t blame people. Even if it’s someone else’s fault
- The benefits of stoicism for small business and real estate professionals
- Dealing with inflation through investing in real estate
- Fractional ownership of properties through investing in real estate syndications
- Why you should call local lenders before large banks
- DTI (Debt-to-Income) Ratio when starting out in residential real estate
- "House Hacking" as a way to get into real estate investing
- How to protect yourself as a small business owner
