In episode 30 of The Lo-Down, Lorenzo Mercado sits down with Nick Rossi — a former chief engineer on tugboats, turned real estate investor and construction business owner — to unpack how he leveraged grit, mentorship, and a 3.5% FHA loan to break into multifamily real estate and scale a construction company.Nick shares practical advice on managing contractors, buying or building businesses, and using hands-on experience to fuel growth. If you're in real estate, construction, or just looking to transition into entrepreneurship, this is your episode.We cover:Nick’s journey from tugboats in Alaska to real estate investingHow he used an FHA loan to kickstart his first multifamily dealManaging contractors the right way: scope, systems, and communicationLessons from building a scalable painting and construction businessThe pros and cons of acquiring a business vs. starting from scratchWhy education, networking, and time management are game changersThe transition into short-term rentals and the future of hospitalityPlease give a 5 STAR REVIEW on Spotify or Apple Podcasts and SHARE this episode.-----👥 Connect with Nick Rossi: Instagram: www.instagram.com/nlrossi🚀 Connect with Lorenzo Mercado Instagram: https://www.instagram.com/lorenzo.mercado_ Website: https://www.mercasaventures.com 🎙️Podcast on Apple: https://podcasts.apple.com/us/podcast/the-lo-down/id1764777761 🎙️Podcast on Spotify: https://open.spotify.com/show/1YjwXXjvFT3mqve6uMF983?si=d2501028127246f3Youtube:  https://www.youtube.com/@Lorenzo.Mercado-----💬 Like this episode?Share it with a friend who needs to hear it!-----Chapters 01:14 – From Tugboats to Real Estate: A Unique Journey 05:18 – Transitioning to Real Estate: Finding a Mentor 12:00 – Building a Construction Business: Lessons Learned 17:54 – Managing Contractors: Communication is Key 23:53 – Navigating Business Growth: Learning from Mistakes 28:56 – Buying vs. Starting a Business: Insights on Acquisition 31:00 – Navigating Non-Compete Clauses 31:30 – The Journey of the First Multifamily Deal 33:21 – Lessons Learned in Real Estate 34:41 – Financial Insights from the First Deal 36:50 – Advice for First-Time Investors 38:06 – Permitting and Construction Challenges 40:58 – Transitioning to Short-Term Rentals 42:28 – Exploring Hospitality Opportunities 45:52 – Hotel Acquisition Strategies 50:02 – Advice for Aspiring Hotel Owners 52:36 – Time Management for Multiple Ventures

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