In this episode of the Peak Profits podcast, Bryan Morris interviews Nick Grazicki, a successful real estate broker who has sold over $130 million in real estate deals in South Florida. Nick shares his journey from aspiring dentist to real estate entrepreneur, detailing the challenges he faced and the strategies he employed to build a successful career in a competitive market. He emphasizes the importance of mentorship, networking, and the need to adapt to market changes. Nick also discusses his transition into investment syndication, highlighting the differences between brokerage and commercial property investment. In this conversation, Nicholas Grodzicki shares his journey in real estate investment, focusing on the lessons learned from his first deal, the importance of building trust with investors, and his shift from single-tenant to multi-tenant properties. He discusses the challenges faced in the market, particularly with family dollar store closures, and emphasizes the significance of buying right. Nicholas also explores new opportunities in debt and equity investments, highlighting his passion for real estate and the importance of continuous learning through books and mentorship.

Chapters

00:00
From Dentistry to Real Estate: A Journey Begins

05:53
Building a Network in a New Market

11:19
The Importance of Mentorship in Real Estate

17:25
Navigating Challenges and Seizing Opportunities

23:44
Scaling Up: Transitioning to Investment Syndication

32:02
Navigating Single Tenant Risks

39:15
Building Trust with Investors

44:26
Shifting Focus: From Single Tenant to Multi-Tenant

49:29
Exploring New Opportunities in Debt and Equity Investments

52:04
Book Recommendations and Personal Growth

Takeaways

• Nick transitioned from dentistry to entrepreneurship after discovering his passion for real estate.
• He reached out to successful real estate professionals on LinkedIn to learn about the industry.
• Building a network in a new market requires persistence and strategic outreach.
• Mentorship played a crucial role in Nick's early success in real estate.
• Nick's first year in real estate resulted in 18 listings and $8 million in sales.
• He learned the importance of paying it forward in mentorship relationships.
• Nick's success was driven by hard work and a willingness to take risks.
• The pandemic forced Nick to pivot his focus towards investment syndication.
• Nick's first syndication deal yielded a 30% return on investment.
• He aims to build a scalable real estate business through investment opportunities. Family Dollar's closure taught me the risks of single tenant investments.
• Building trust with investors is crucial for success.
• Buying right is essential to protect investments.
• Investors appreciated consistent monthly distributions.
• Management of single tenant properties can be less intensive.
• I shifted focus to multi-tenant properties for better returns.
• Debt fund investments offer quicker turnarounds for investors.
• Continuous learning through books is vital for growth.
• Networking and partnerships can lead to new opportunities.
• Real estate is a passion that drives my career.

Connect with Nick Grodzicki

🔍 LinkedIn