Starting an Investment Portfolio from Scratch
On this episode of Next Level American Dream, Abigail and Sean are joined by Nitzan Mosery. Nitzan is the co-founder and CEO of Cornerstone Investment Partners, a MFR Investor, and a REI Coach. In the episode, he walks Sean through his life, analyzes his own career and how he was able to acquire the diverse portfolio of investments.
Key Topics
Nitzan self reflects about his own career
Diverse Investment Portfolio
Connect with Nitzan Mosery:
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SUMMARY KEYWORDS
Multifamily, people, business, buying, building, investor, started, work, Real Estate, traveling, family, life, duplex, goal, create, learn, steps, understood, American Dream, network
SPEAKERS
Sean Thomson, Abigail Thomson, Nitzan Mosery
Abigail Thomson 00:01
Welcome to the Next Level American Dream Podcast brought to you by Thomson Multifamily Group. Your hosts, Abigail and Sean, will discuss how you can take your American Dream to the next level through real estate investing, business practices, and personal development. Join us as we share our experiences as a father daughter duo who are trying to accomplish our goal of financial freedom. We hope you learn more about how to define and achieve your American Dream. Here's another episode of Next Level American Dream. Welcome to the Next Level American Dream Podcast. We have a wonderful guest for you today, but first, please make sure you have subscribed if you have not already. We also love getting your feedback through likes, comments, ratings, and reviews. Today, Sean sits down with Nitzan Mosery. Nitzan is the Co-Founder and CEO of Cornerstone Investment Partners, is a multifamily investor, as well as an REI Coach. In his episode today, he walks Sean through his life, analyzes his own career, and how he was able to acquire a diverse portfolio of investments. If you found any value from today's episode, then please share it with a friend and help us grow! For more information on our sponsor, visit www.thomsonmultifamilygroup.com to start taking your American Dream to the next level through passive investing.
Sean Thomson 01:18
Hi Nitzan, welcome to the Next Level American Dream Podcast! How are you doing?
Nitzan Mosery 01:22
I'm doing well. Thank you. How are you, Sean?
Sean Thomson 01:25
Good! Well, let's start by maybe just telling the people a little bit about your background, where you come from, and then kind of what you have going on now.
Nitzan Mosery 01:33
Sure, absolutely. So, I'm a first generation American, my family came over from Israel in 1969 looking for a better life, for their children for their family, you know, opportunities. I grew up with the parents that always understood the strength of owning a piece of land, you know, my parents always used to tell me when I was a kid, you know, go out there and try to find a piece of land and buy it, own it free and clear. That way you can you know, you'll be the wealthiest person on the planet because you own that nobody could ever take it away from you. And you have so much opportunity. You know, you can build on it, you can rent it, you can lease it, you can mortgage it, you can borrow against it, you can do so many things with it. And that's kind of, you know, the the mindset that I had growing up. And I remember as a kid, also, my father used to tell me, my parents used to tell me that there's two types of people in this world, those that pay rent and those that collect and Son, you always want to collect. So I grew up with that mentality and whatnot. And, you know, I did the, you know, the the expected thing I went to high school, then I went back to Israel after that was in the military then came back, went to college, never graduated college, because I didn't know what I wanted to do. And all I wanted to do is party and have a good time because I was young, and I didn't have really a focus or anything of that nature. So I dropped out of college while I was in college I was working for I was working on wall street for a big brokerage company, good that didn't like that studied business law and speech therapy and marketing and in university. And obviously, you can see from the different things I studied, I really didn't have a direction. And then at the age of 25, my father passed away and that kind of threw me for a big loop. You know, he had been working since he was six, seven years old back in Israel. And then he came here and he really dedicated his life to his family and, you know, really wanted to give us everything that all the opportunities that were open to us, when he passed away kind of threw me for a loop. I didn't know what life was all about. I thought it was all about chasing the dollar, you know, just making money. And, you know, I started drinking heavily and partying and going out and I kind of lost myself. And then two years later, I decided I was going to move to move back to Israel. So, I packed everything up, move to Israel didn't know what I was going to do set on the beach in Tel Aviv for a year watching the sun go up and go down, you know, completing my my belly button and whatnot. And, and then a friend of mine told me he was going to India, so I went traveling with him. And and after that after many years of traveling, I settled back in Israel and started my own raw vegan restaurant, had that for a couple of years, close that and, you know, while I was in his life, what's in real estate and in 2009, I told my wife and I said, you know, why don't we go back to the states get back into real estate, do some flips make some money and continue traveling and one thing led to another and I was flipping houses and I saw the end of that and I knew I wanted to get into some passive income streams right because I looked at myself as being somewhat lazy. I didn't want to work for the rest of my life and and I and as you can see here, I'm in the woods right now I'm in the mountains of Carolinas traveling with my family still doing business. So, in 2009-2010 I started in multifamily syndications met my business partner and we've been going strong ever since then buying selling multifamily all around the country and it's just been a fantastic ride.
Sean Thomson 04:53
Yeah, that's a very eclectic life you have. That's fun. You're doing multifamily syndications now. So, let's talk about the transition you had because you started as flipping single family? I think a lot of people start there. Let's talk about that transition. You were in single family, what made you kind of head towards multifamily?
Nitzan Mosery 05:18
So, you know, I realized, as I was, you know, flipping houses when I moved to Florida, I moved from Israel, we came straight to South Florida. And, you know, Florida was one of the hardest hit states, you know, in because of the with the housing crisis, right. And I was buying houses, you know, for $16,000, putting $5,000 into them, selling them for 40 50,000, making really nice change, renovating, and doing all that. But I realized that every time I sold the house, I wasn't making any more money until I found another house, renovated, put it on the market and then sold it. And on top of that, as people started seeing what was going on, right, more people started coming into the market more, quote unquote, investors. But they were not really invested. Because they started hiking the prices up. They were, they were bidding wars, they were paying more than the asking price. And I saw what was going on. And I wanted to transition out of that. And I said, Okay, what's the next best thing, and you know, being in real estate, you know, with my, with my family in New York and whatnot, I understood passive income, I understood, getting a tenant involved, having them paying me for the space that I'm providing for them, and they can pay my mortgage, they can pay the expenses, and I get the I get what's left over. So, I was looking for multifamily. I was looking for someone who you know how to how to run it how to do because I've done office space in New York, but never multifamily. So, I went and I looked for someone who was teaching about their home study course. And I did everything they said not to do. I bought in the worst part of town, I bought it with drug dealers and prostitutes inside, did everything wrong. But I was lucky because I bought it right. So, when I went to sell it, I made a profit on it. And then I really learned, and I started learning about multifamily. But the key that really intrigued me, you see, when I was growing up in New York, I'm walking down the streets of Manhattan, and I'm looking at all these skyrocket skyscrapers and all these multimillion dollar buildings and I'm going, who has so much money that they could either own one or build one, how does one person have that much money to buy a 50 story building in Manhattan, and if they're not Trump, right. And then I learned the secret, I learned the art of syndication, I learned that, hey, you know what, I can get somebody else to pay for it. Right, I can get a lender to lend on it, I can get other people to bring in the equity for, and I own it, and I can make money without ever having to put my own money into it. And that just, you know, that light bulbs went off, because, you know, I was I was a long-haired hippie at that time, right? I didn't have a lot of money to buy million dollars’ worth of properties. So how was I able to do that? And I learned the artists indication. And I realized, wow, I mean, go out and start building my network and building, you know, a team of people that can help me take down these massive buildings. And little by little, you know, we started you know, doing it, we put a 27-unit property under contract, we flipped it, we made $70,000. Then we got involved with another team. We bought a class a multifamily then for at 150 units, and we bought 220 units 240. And it just kind of, you know, went, and started the ball rolling and it was, you know, that's how I got into multifamily. And then I learned about syndication and that just opened the doors for you know, everything that happened afterwards.
Sean Thomson 08:44
So when your syndication so when you once you figured out that syndication portion of it, how did you go about sort of setting up your I guess you said you started small buying smaller deals? And did so did you go to friends and family? How did you kind of get those those investors first involved?
Nitzan Mosery 08:59
Sure. So you know, I've been out of the country for about 15 years. And, you know, when I left, when I left the US I was based out of New York City. So all my contacts, everybody I knew was was in New York, I moved down to Florida and I didn't know anybody in Florida and plus all the contacts that I've made, you know, from, from my stock business and other real estate businesses, they all kind of disappeared, right? 15 years haven't been in touch with them didn't know where to find them. So I had to really, you know, kind of, for lack of a better term, flatten that learning curve or flatten that as you know, networking curves I went out every night and I was networking and meeting people and you know, doing what I was told go to networking events and you know, get business cards and build relationships. Well, that kind of didn't work for me because I was going out to meeting a lot of people but these weren't the right people that were going to invest in my deal. So I kind of had to shift so I started with you know a little bit friends and family here a little bit friends and family there. But I went to a lot of networking events and I finally realized that I needed to be Very laser focused on who I was targeting as my investor. Right? So I started understanding that, you know, I gotta, who am I looking for? Right, I'm looking for people that, you know, have a job, you know, having have a career, you know, I understand that they want to get involved in something passive and, and whatnot. So that's kind of how I went and started building my network of people, I went to all these different conferences became kind of the experts, right in my field in my niche. And one thing that I also learned was, rather than me going out to all these different places, and networking, it might be easier if I sat in one place, and created a group around me and have people come to me. And that's what I started doing. I started creating meetup groups, networking groups, right, different different and started educating people on the different aspects of multifamily, right, the different classes of multifamily and different classes of neighborhood, what to look for how to buy all these things. And when people heard that I knew what I was talking about, they kind of saw me in that expert. position, right. And whenever then what was great was when I had an opportunity, they want to add a property in the contract. And I would just, you know, throw it out there to people say, hey, look, this is what we're working on who wants to get involved? Right. And that was kind of how I went about, you know, networking and syndicating and raising money. It was a long haul.
Sean Thomson 11:31
Yeah, that's an amazing way to do it. There's, you know, in my experience, there's, there's so many people out there that have capital, that really want to be a real estate investor. But like you said, the learning curve to start your real estate business is steep, and it's very expensive, it takes a very long time to make to make something successful, but they want to put their capital to work. And finding guys like you is really kind of complicated, because we're in a lot of times, we're not out, you know, in the spotlight looking for thanks. So people kind of have to dig around to find someone that they know, like, and trust that they can work with, they can partner with and invest in. So creating those events gives people a place to kind of come and learn about you and and learn how to get involved. And like you said, flatten their learning curve, right, and help them get involved in real estate and be and put their capital to work without having to learn all that stuff. So that's a really good way to do it. I think. You know, and I there are like a lot of people out there that are interested in being real estate investors, but they don't know where to start, you know. And I think finding guys like you is really the first obstacle that most people run into.
Nitzan Mosery 12:38
Sure, you know, what I teach my clients, my coaching clients, I mentor clients, you know, one of the things I teach them is, you know, it's it's a team effort, right? Don't go out there and try to be the Lone Ranger, right? Don't go out there and try to you know, hey, I can do it all. It's all about me, me, me, me, me, me. And I'm not the sharpest tool in the in the toolbox. Right? I'm not the shiny penny. And I knew that going into this business, right? When I started when I was learning multifamily. And I realized, Hey, man, you know, you got to, you got to put together an Excel sheet spreadsheet. I'm like, Well, first of all, what's Excel? I was my first question was Excel. Here I am the traveling investor, the hippie dude, traveling the world, I don't know anything about spreadsheets. And I came from the clothing business, I came from the retail business now i can i can tell you what size you are by looking at you. But to put a spreadsheet together and create a pro forma, I had no idea how to do that. Right. So I knew that I needed people on my team. So I went out and I created a team of people who are a lot smarter than I am people who understood spreadsheets, who understood performance, who understood, you know, looking at an apartment complex, looking at an area, all that the different aspects of the right social media, I put together a team I said, Okay, this is what we're looking for, this is what we're going to do. Alright, and this is what we need to accomplish. And just moving forward and say I, I share with my coaching clients that that's kind of the first thing that we need to do. Figure out what you to the table, right? Figure out what what piece of your business you want to you want to do, right? Because sometimes people like numbers, but they don't want to do numbers, right? They want to be the face of the of the company, right? Well, that's fine, they'll find somebody will do numbers and be the face of the business, right? So figure out what you want to do what you'd like to do, and then figure out what other pieces of the puzzle you need to fill and then start finding those pieces and putting them together. So that's that's, that's very crucial in this business. And, and, you know, you got to be careful when you're building your team, you got to be careful about who you're putting on your team, right? Because a lot of people out there they'll go and and you know, they'll say, wow, you know, my team or you know, Hey, I just did this and or will they'll post on social media about different things that they've accomplished that they've done, when it really wasn't then but it was more of the people on their team that did it but they're taking the credit for it. So you really want to be careful with who you're getting involved in and who you're who you're, you know it because it's like a marriage, right, this business is a marriage, you're, you're, you're partnering up with people for three, four or five years on any particular deal. So you want to make sure you're partnering up with the right people, people that have the same moral values, the same ethics, the same vision and goal as you have, right, so that your team is moving together harmoniously, in the right direction.
Sean Thomson 15:30
Yeah, we spend, I spend a lot of effort in that area, just because I'm always talking to people about our partner network, and our co sponsor network, you know, we look I look at my business as machinery. So I have different types of machine that that I build out. And I have, you know, I have a deal machine, which is just built to find deals, and I have a partnership network that's just meant to create partnerships and synergies there, and I have a investor network that's just meant to pull investors in and help them with their, you know, capital are investing their capital and, and in my partner network, I'm constantly talking to people interviewing people getting to know people to see that those things are there, you have to have, you know, you have to have common common goals and like you said, common principles, common, all those things in common, because you are going to be in business with him. And you they do they have to achieve a certain amount in that in that role that they play in your partner network. Right. So is that is that similar to what you guys do?
Nitzan Mosery 16:24
Absolutely, absolutely. Yeah, you know, I look at it, I like to sell and I like to fly, right? flying the planes in sailing sailing boats I looked at is like, you know, the sponsor is, is the skipper of the ship, right? Skipper knows all the aspects of the ship, right? He knows the engineering, he knows the, the machinery, he knows the the weapons, the navigation, the piloting, communications, everything, but the sponsor doesn't really handle all of that, right? And he's got, you know, the chiefs of every division, right? Right. And, and you gotta and so that's kind of your your partners, right? So the sponsor is going to navigate the ship to make sure that they don't sink, but you've got other players, other people on your team that help keep the ship afloat, right, so it doesn't second, and it works the same way. Right? You have to have someone who understands acquisitions, who understands Investor Relations, marketing, social media, all those different aspects. My business partner has a great saying she was doing this business successfully, is like running 12 marathons at the same time, and you got to cross the finish line with all 12 marathons at the same time to be successful. And that's kind of how it is, right? There's so many different parts to it. You have to be knowledgeable on everything, so that you don't get into trouble. But you shouldn't be doing everything. And that's kind of you know, that that's why we get involved. That's why we get into this business is so that we can have a team that takes care of 95% of what goes on so that we can live life on our terms so that we can spend time with family, friends, creating memories, traveling, right, I'm in the mountains. I've been here for the last two weeks, I've got, you know, a few more weeks to go. And this is because my business is mobile. And because I have an incredible team that I put together that can help me live this lifestyle.
Sean Thomson 18:16
Right. Yeah, so that I'll just say one more point on that. I come from a single family investor background and building that ownership group or that sponsor group is really kind of the one of the more mysterious parts to me, I'm really, I'm engaged in it now. And I'm really kind of taking it on as a, an important priority in my in my business, but I've been such a lone wolf are so long that I'm used to making all my own decisions on my own. I just like, Yeah, let's do this, or no, let's don't do that. And now I have to consider, you know, my ownership group, my lenders, you know, I have all this, this big team of people. And now it's that's really kind of a transition in my mind that I've had to make lately. But you touched on something, you're able to travel and do all these other things. And so for us, we look at our business, I mean, I work really hard, but I look at my business as something that serves me not not something that I serve, right. So my my life goal is not to work at a job or have a career, my life goal is to find something that gives me a lifestyle that I want to live and provides that for me. And so my business really is built around being in service of living a life that it makes me happy, right? And so you kind of touched on that now you're out in the mountains and things like that. So how do you look at your business? Is it is it? Is it kind of similar in that your business is built to provide you with things that you want to achieve in life?
Nitzan Mosery 19:38
Oh, absolutely. Absolutely. My business I and again, it's what I teach my coaching clients is let's build something first of all that you're going to be proud of. Right, right. But let's build something. First, let's talk about what kind of lifestyle you want to have. Right? Where do you envision your life, right? I always talk to my kids, you know, and they're always on their phones and I say put the phone down. Go look outside. Go Look at a tree, go look at the sky. imagination, start running, right? Because when you start imagining things, that's when that's when that's when life happens, right? So I tell my clients as well. So let's, let's start imagining, right? Imagine your best life. What does that look like? Okay? How does your business feed that lifestyle? Right? How does that business create that lifestyle for you? And that's and that's, you know, how I built my business as well is, you know, it definitely feeds my lifestyle, right. That's why I'm kind of called it and I kind of nicknamed myself the traveling investor, because I love to travel. I love investing. Investing helps me travel, traveling, meet new people, and new locations helps me invest in those different areas. So it goes hand in hand. Right? Right. And it gives me the time to spend with my family to create memories to create, you know, joy, and just experiences, right. So yeah, it has the my business feeds my lifestyle. And my goal is to help you know about a, it's a big goal, right? I want to help a billion people start living life on their terms, and building a business that they can be proud of that can actually feed their lifestyle. Because, you know, I really believe that we're not meant we weren't put on this earth, on this rock that's hurling through space to sit behind a desk for 4050 years, and then only enjoy life for five and 10 years, right? We need to do we, you know, we're here to experience, you know, nature and the planet and people and, and everything that's, that's here. But you can't do that when you're stuck behind a desk worrying about where you're going to pay your mortgage bill or your electric bill. Right. So let's get those worries out of the way. So that you can take a breath, you can start looking into the future, and putting everything in place. So that, you know, next year, two years from now, even five years from now, you can take a step back and go wow, I'm here, I've done it. And now you can go travel, you can, you know, do what you're passionate about. If you want to be a philanthropist and give back start a different organization to help give back donate money, go to food banks, what you know, go to third world countries and, and help their whatever it is you want, you'll be able to do it because you've created something, you've put it on autopilot, you've built an incredible team to help you. And now you can kind of step back and and reap the rewards of that. Right? No one ever no one ever got famous or wealthy or you know, created a lifestyle of their dreams by having a job. You know, and I am sure you've heard, right, J ob stands for just over broke. Right? In your job, they keep you at that level where you're not I can't quit because if I quit, I'm what 30 6090 days out from bankruptcy. So I got to continue, I got to continue in that rat race until they tell me Okay, you can stop. That was never the lifestyle or the or the, you know, the that was never part of my dream ever. Right? I always knew that it was going to be something bigger, something greater, something more than just sitting behind a desk and making somebody else wealthy.
Sean Thomson 23:18
Yeah, you know, I've been talking to a lot of people lately about they're in corporate jobs or they're in, they're in a job that they they don't necessarily dislike, they love their jobs, they they like what they're doing. And what they're doing now is they're they're using real estate as a side hustle. And what it's what it's building, what they're building is a little bit of extra income now, but more importantly, they're building a future they're building something that they can transition from their corporate jobs into, right. And so they're, they're taking the steps now to smaller steps now to invest in real estate. Because they're making good money, a lot of people make good money and in their corporate jobs, but they don't know what to do with it or they don't know where to go. And they're using that corporate position to kind of start just laying a foundation for their future. And I think that's a great way to do it. Be patient to start you know, start wherever you can find good partnerships to work with, you know, get into get into a real estate business that you can then once you're ready to leave your corporate job, you have something established that you can then just blow up I think that's a great way to go about it. So having a job now is not necessarily always the most the worst thing you can do it's it gives you some stability, gives you some income and gives you some way to kind of keep feeding your family of course, paying the mortgage, whatever it is, but as long as you're out there taking some steps to kind of improve or upgrade or or you know, take your your business to the next level or your future to the next level. I think I think that's a great step to taking. And doing real estate is a great way to do that. And I've been talking to a ton of people that that's that's either their goal to get started or there's they've been doing it for a while and they're really having great success. You know, I've talked to you I just recently talked to a guy in the military, he's going to be on our podcast and he's doing single family buying holds. He just bought an eight You know, I think a duplex or you know Plexus and so they're taking those steps. And I think that's a great way to do it. So and you help people do that, I guess in your coaching business as well, right?
Nitzan Mosery 25:08
Absolutely, absolutely. My goal is to help you get into your first deal. Doesn't matter if it's a single family home duplex, quad 100 units, whatever it is, I want to help you get into that first deal. Because once we go through all the steps of raising, putting in a finding the right market, finding the right, you know, the right location, finding the right deal, analyzing it, raising capital for it, putting it on, you know, going through all those steps, it's it's nerve racking, right? What What do I do next? Right? due diligence, what do I look for? How do I engage a lender? How do I do this? So once we got through those first steps, you get into that first deal, you know, the next one, you'll you'll you'll run, you know, like, like Superman, you'll just go boom, head straight for the for the goal line. But yeah, and you know, a lot of people when they get into this business, like, Oh, I want to do 100 units, 100 units, 100 units, you know, they told me, kind of the scale, I got to go big or big. You know, that's great for some people, some people you know, what I tell people is, a lot of my clients is Listen, why don't you first figure out what your monthly nut is that you have to come up with every single month utility bills, your mortgage, those your car payments, your your housing payment, your your your education, you know, food? What is it monthly that you need to bring in? Okay, can we get that by buying a duplex, can we get that by buying a fourth, because once you buy a piece of real estate, and the income from that, real estate now pays all your bills, guess what, you don't have any worries anymore, right, kind of sit back and take a breath and go. Okay, I can go to work tomorrow and be calm, because I know that my duplex, my four Plex, my 10 Plex, whatever it is, is paying my bills. So now I can now I can be cool, and I can stay calm. Now I can put together in place all the different pieces. And if I want to, I can go bigger, or I can continue buying duplexes buying for plexes. And there's nothing wrong with that. The goal is to have your real estate pay for all your bills. That's the goal. So I don't care if you do it by buying 100 unit, buying a portfolio of 1000 units, or buying a 10 unit, whatever works for you. But if you have your goal, and you have your action steps to get towards your goal, you're already successful, right? Dale Carnegie and one of his books that was kind of his definition of success. Someone who's already someone who's put in motion or who's created action steps to move towards their goals, you're already a success because you're way ahead than 90% of the other people that are surrounding you.
Sean Thomson 27:39
Right just taking those just just dreaming it up and then taking those actions to to get to get those things taken care of I actually have that on my so this is my this is my success formula here you know your dream it you have to dream it up first, you have to believe that you can do it and then you know we get to learn it, plan it and do it right. So that's kind of really what I think is the is the formula and that's what we're talking about here I guess but fitness and whatever what is what is next for you? What do you see you're working your business now? Where are you kind of headed in your in your future?
Nitzan Mosery 28:08
So you know, we're you know, I'm building I've built my network, I've got different equity groups that I'm working with, you know, the market is very tight. Now. It's it's a very strong seller's market, cap rates are compressing drastically, right. And so we're still out there looking what I you know, what I tell my investors is I'm not going to buy every single deal that comes into my lap, just because it looks good. I look for things that are I look for the exceptional opportunities my mentor taught me, you know, a mediocre property will give you mediocre returns and exceptional property will give you an exceptional return. So I always look for those exceptional assets, assets that really will perform well for the residents that are living there for the people that are working on the property and for our investors. So we're looking at a lot of different markets where we're expanding, we have a bunch of offers around the table, we're highest and best on many, you know, we're focusing on the southeast quadrant of the US, which we have been for the last couple of years and buying in that in these areas. Now I'm branching out also into the Midwest and whatnot into different markets that are starting to pop as well. So I'm building relationships in those areas, so that I can have boots on the ground, so that we can maintain a strong thumb on the pulse of that community and exactly what's going on. So, you know, we're out there, we're still doing deals. We closed on a property not too long ago in San Antonio, Texas, looking in that market. You know, Texas is always wonderful man just going out to, you know, I'm glad to see more networking events and conferences assigned to come back for some conferences, which is awesome, you know, so I'm going to get my schedule all slated out for the next couple of months of different conferences and where I'm going to be. So that's kind of what we're doing.
Sean Thomson 29:59
Yeah, that's good. I always ask everybody on the show this question, what does the American Dream mean for you? Then, what are maybe a couple things that you've done in your life that have made you, or allowed you, to take it to that next level? So what is it? What does it mean for you? What is it that made the difference for you?
Nitzan Mosery 30:17
Yes, so the American Dream for me is having opportunities, being able to go out there and to say, I want to do this, and going out and doing it, right? The American Dream is the ability for someone to imagine something that they want, and to go out and get it. And the only obstacle that will keep them from achieving their goals and their dreams is themselves. Yeah, that's kind of the American Dream that I see. Right? Yes, being able to remove all the obstacles from that are in front of you so that you can reach your goals and your destination. One of the things that has really propelled me I believe, is education, getting educated. And I don't mean formal education from college, because I'm a college dropout. I never graduated college, but it is getting educated in the industry in the field, you know, multifamily real estate, learning from people who have one of my philosophies is find someone who has what you want, do what they did, and you'll get what they got. So I've always looked for people who'd had the lifestyle, the blame, right, but moreso, the lifestyle, the persona, of what I want, and I've kind of mimic them and looked at them and learn from the other is putting together the right team, learning, learning who fits and whatnot and always, always giving credit where credit is due, right? It's not me, it's never me, right? I'm not the one that closed on the deal. It's my investors, is the people on my team. It's all that and being transparent 100% transparent with people and going out there and really just taking massive action, right? We have so many people, and I've been to so many of these boot camps and, and weekend conferences, and people get so excited. And they they see their dreams in front of them. They go home Sunday afternoon, Monday morning, they put their books up on the shelf, and that's where it stays because they're afraid. What if I look foolish? What if I lose money? What if I don't? What if I don't succeed? What if I this? What if, what if? What if? What if you succeed? What happens if you succeed? Right? People don't look at that. What if they always look at the what if of what if I fail? So what? You know, we forget that when we are born, and we're infants, and we're children and toddlers, and as we grow? The only way that we do things is by family. Right? toddlers, babies infants, what do they do? They crawl backwards first? Right? You try to stand up, they fall back down, they fall, they fall, they fall, they fall until they figure out how to stand straight. So we learn from from birth, the only way that we've learned is through failure. But as we grow up, we think that failure is something that is that is evil that should Oh no, I shouldn't fail. I'm not allowed to fail. I fail every day. Every day I fail. You know, I fail as a father, I fail as a husband, as a friend as as partners. I feel all the time, the differences that I look at those failures, not as a personal attack on me. But I see Well, you know what, that didn't work. Okay, next time, I want to do something, I want to do it differently. And that's how we succeed. So that's kind of what has helped me move to the next level understanding that failure. Who cares, we fail all the time. It's it's, let's let's let's fail, let's fail fast. That fell forward. That's fell a lot so that we can understand what success looks like.
Sean Thomson 34:00
Yeah, those are good points. For sure. I did you know, you're talking about your parents, encouraging you about real estate and things when you were younger, I didn't have that when I was younger. So I I have a lot of limiting beliefs just programmed into my brain. And fear I fear is a daily fear and fear of failure is a daily thing for me, I'm constantly having to convince myself that it's that the fear means that I'm headed in the right direction. And if I'm failing, that means winds are coming right. So I just have to convince myself every day that that's the case, you know, every time I'm like, so scared, I'm like, well, this must be the right way. You know, because if I wasn't scared, I was I probably be heading in the wrong direction. So to accomplish these big things, and and, and build these these legacy type investments and things in the future, you have to be headed in that in the right direction and that's always towards the fear. So that's that's how I deal with it. But the fear is a big fear and fear and fear of failure is a big part of my day, every day. It's funny that you say that.
Nitzan Mosery 35:02
Yeah. You know, there's a lot of different definitions of fear, right? Forget everything and run. false evidence appearing real. Yeah. So there's so many different things. Right? Yeah. Fear. You know, we got to look at it. And, and, and that's courage, right? That's that's having courage is looking fear in its face and saying, in spite of fear, I'm going to move in that direction, right. And what also fear tells us is, you know what, let's move in that direction. But let's be cautious. Let's take it step by step. Let's make sure that you know, we're, we're doing it right. And we're not gonna get smacked in the face to heart.
Sean Thomson 35:40
Yeah, yeah. Now I use it as my that's my that's my wayfinder. Right. So that's how I figure out what's the right thing to go. It's the one I'm most afraid of is that's the direction I go in now. So, absolutely. Well, I appreciate you come on the show and sharing that with us. It's a great story you have you've had tremendous success. And that's awesome. You know? And is there is there a place that people if they wanted to reach out to you maybe learn more about what you have going on? Is there a place that people can go to learn more about what you have going on?
Nitzan Mosery 36:07
Yeah, absolutely. You can email me at success@traveling-investor.com. My website, my coaching website, is www.travelling-investor.com. My real estate, where you can see you know, what we've done and who we are and team and whatnot, that's www. investwithcip.com - And that's for Cornerstone Investment Partners as a real estate company.
Sean Thomson 36:37
Okay, awesome. We'll be sure to get those in the notes for everybody too if we can, and make sure that that's available. I really appreciate you coming on the show and joining us. Thanks for coming out even on vacation, you know, taking the time to come talk to us. That was great. Thank you very much!
Nitzan Mosery 36:53
Yeah, absolutely. I appreciate it. Thank you, Sean. It's been a lot of fun. I look forward to talking to you again soon!
Abigail Thomson 36:58
Thanks for joining us for another episode of Next Level American Dream. If you would like to learn more about what we talked about today, want to contact the team directly, or are interested in passively investing and being a part of our deal room, head over to our website at www.thomsonmultifamilygroup.com -- Before you go, please leave a review! Your comments help us create more episodes for you to enjoy.