AREI 43: How to Redefine Your Retirement with Paula & Jonathan Nichols
Current retirees represent a sizeable portion of the adult population. 27% percent of adults in 2020 considered themselves to be retired. Have you thought about redefining your retirement timing, and leaving a greater impact on others?
Jonathan & Paula Nichols are real estate investors and co-founders of Apogee Capital a real estate investment firm focused on supporting the financial growth of their clients by providing them with the opportunity to passively invest in multifamily apartment syndications. They first began their investing journey in 2018 and have undertaken numerous different types of projects.
Paula holds a B.S. degree in Business Administration - Finance from Texas A&M University. She is a licensed real estate agent and a certified ScrumMaster®, and Jonathan holds a B.S. degree and a M.S. degree in Aerospace Engineering from Texas A&M and Virginia Polytechnic Institute respectively.
In this episode, Jonathan & Paula would take us through how they're achieving this step by step. Join us and listen in!
[00:01 - 05:30] Opening Segment
• We introduce Jonathan and Paula to the show & their background
○ Jonathan's light bulb moment after reading ‘Rich Dad Poor Dad’
○ How they got into real estate investing
○ Started out as a hobby turned to passion and main focus
[05:31 - 26:12] From short-term-rentals to multifamily investing
• What made them decide to go for Airbnb instead of single-family tenant
○ Not hesitating to try something new
○ Being on the active side of investing makes you a business owner
○ Complementing multifamily investing with short term rental
○ Paula and their idea of multifamily investing before diving into it
• What is the goal and why and how long do you see yourself being in it?
○ Your financial future and the hard conversation you need
○ Realizing the opportunity and educating yourself
○ Creating time boundaries and enjoy what we’re working for
○ Passive investing is a perfect way to get where you want
[26:13 - 32:51] Closing Segment
• Asking Jonathan and Paula the Adventurous Four
Memorable Quotes:
"But we have the opportunity to redefine retirement, right? Like we can retire any day we want if we do the right things, and so I think that it's almost like a really great opportunity, to really take advantage of that. And how can we, grow our money faster so that we can cover those expenses." -Paula Nichols
"We didn't know about passive investing. Fortunately for us, we like being active. We enjoy the challenges. It's been a good fit for us, but for many people, they need to put in that time to learn. And it may take a little bit longer as a passive investor to grow your wealth, but it's very doable, you know, it's the opportunities there." -Jonathan Nichols
Connect with Jonathan and Paula
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Until next time... Explore more. Adventure awaits.
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