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Navigating real estate can be tricky for everyone, including renters, owners and investors. Learning the ropes takes time and patience, and even maybe more importantly, trial and error. Which can be daunting, because no one wants to make missteps when it comes to real estate. Real estate errors can be costly, and greatly impact your life in many ways. That’s why we sat down for an exclusive interview with Nick Trimble, a real estate investing expert. He’s sharing some of his insider tips, secrets, and tricks he has learned along the way.

Nick, tell us about your background.

I’m extremely passionate about real estate investing, and it’s been quite a journey to get here. I’m a pretty average guy from South Carolina, and I dove headfirst into the world of real estate investing more than six years ago. That’s when I acquired my first rental property, which I fixed up. There were a lot of highs and lows that came with that project, but I’m proud to say the same tenant has lived in that home for years now. After that, I turned to house flipping, which was a whole new ballgame. This experience was honestly really challenging for me, and I learned a ton of lessons along the way. But through all of this, my goal has been to share what I’ve learned. I know what it’s like to want to get into real estate, and to have burning questions.

What were some of those challenges that came with house flipping?

House flipping can be extremely lucrative, and it can be really enticing, especially when you see TV shows that glamourize the process. The property I first picked up needed a lot of rehabbing, and it truly turned into a nightmare. There were just nonstop repairs that needed to be done, and I lost money on that first flip. But I learned some invaluable lessons. Now, I know to be really cautious and mindful of possible repairs that might need to be done, and sometimes, a house that needs a lot of work will end up being too much trouble.

What are some of your tips about rental properties?

When you do it right, you can have tenants stay with you for the long haul, which I think is the best possible outcome. It can be challenging to measure success when it comes to rental properties, although income is obviously a good market. But if you have high tenant turnover, that’ll cost you money in the long run. So, having tenants who want to stick with you means you’re doing something right, and they’ll likely be a piece of cake to work with. 

What are some of the topics you discuss on your website?

I cover everything from rentals, to house flipping, and even wholesaling from my recently launched website. I share some crucial tips, like how you can save money when flipping a home, exterior features landlords should be sure to pay attention to, and the pros and cons of investing in real estate versus the stock market. My goal is to share what I’ve learned along the way.

How can interested readers learn more about your tips and tricks?

I’m always posting new articles on my website, where I give my insight to things I’ve learned along the way. I also share useful articles on my Twitter account. People can also follow me on Facebook and Instagram for the latest.