She buys her first house at 21 and does a successful house hack. A few years later she becomes a realtor and then a few years after that she takes a leap and flips three houses. She advises us to take action and get going even when it seems overwhelming.

This Is What Will Make You A Success At A Young Age

Key Points on This Is What Will Make You A Success At A Young Age

Brown house blue roof
Photographer: Rowan Heuvel | Source: Unsplash
  • Nicole went to college to study graphic design but she didn’t feel like it was for her.
  • She bought a house in 2014 from the money she inherited from her grandparents while she was still in college. She lived there with her friends until graduating.
  • This house ended up generating great cashflow. Her initial entry investment was $20k and in 2019 she was able to refinance and pull $100k out of it.
  • Using this money, she could buy another rental property in a nearby town. She kept both of these properties for cashflow.
  • After graduating from college in 2016, Nicole realized that her biggest passion was real estate investing. She read Rich Dad, Poor Dad, and got her real estate license.
  • Her first flip was in January of 2018. Her parents took out a home equity line of credit on their property to finance the flip. Nicole sold the house in May and was able to make $60k on it.
  • This successful sale motivated her to buy her second property a couple of streets away in August. The house was in very bad shape, but she could sell it at the beginning of January with a $50k profit.
  • Nicole bought her 3rd and latest house in April of 2019. However, this property was tricky and she couldn’t finish it until October.
  • She was planning to spend $60-$70k on fixing the property, but she ended up spending $150k. She only made around $25k.
  • Nicole used the same line of credit her parents took out for all the 3 flips.
  • In the future, she would like to buy and hold onto properties more instead of flipping.
Moments of Truth with Nicole Christie
  • Who is your success role model? Brandon Turner
  • What is your biggest success? Her initial leap into real estate investing.
  • What does a typical day look like for you? She wakes up around 7:30 AM and heads to one of her properties to work on it. At the end of the day, she researches deals.
  • What’s your favorite quote? “There is a God. Her name is Karma. And she has one funny sense of humor.”
  • What are your hobbies? She likes reading, cooking, and spending time with her dogs.
  • What is the best business book you’ve read? Robert Kiyosaki – Rich Dad, Poor Dad
  • If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Take action!

About our Guest, Nicole Christie

Real Estate Investor focused on flips and rental properties. I started off with my real estate license after graduating from college in 2016. Transitioned into investing in spring 2018. I have done 3 successful flips since then and currently own 3 rental properties. Looking to continue growing my rental portfolio in the coming years as well as keeping up with the flips!

Her Instagram @second.avenue_


Nicole Christie is a young and talented real estate investor who is focused on flips and buy and holds. She started her career right out of college and bought her first property at the age of 21.

The beginning

Photographer: Pang Yuhao | Source: Unsplash

Nicole went to college to study graphic design. However, she soon realized, that it was not for her, and she wanted something more. She doesn’t regret getting that degree though, because it helped her make her logo, market her company, and design her website.

During her junior year in college, Nicole was living in a bad rental house with a couple of roommates. She inherited some money after her grandparents passed away, but at first, she didn’t have specific plans with it. One day, her dad suggested to her that instead of spending a lot of money on her rent and other expenses, she could buy a house for herself using the inherited money. This way, her friends could live with her too, who would even pay rent for her.

Nicole found a house that was in a bad condition, bought it, fixed it up a bit, and moved in there with her friends. She lived there until her senior year.

Dipping into real estate

After graduating, Nicole kept the house and found tenants. Although being a landlord came with a lot of headaches and difficulties (as the house was in a college town), it was also a great moneymaker for Nicole. It generated great cashflow. Her initial investment was $20k, and in 2019, she was able to refinance it and pull $100k out of it. She still holds onto it, and after all expenses, it generates around $15k a year.

Nicole purchased another rental home from this cashflow. This time it wasn’t in a college town, but a little town nearby. She got this deal through a wholesaler, who was her high school friend. It took her around a month to get the house ready, as there wasn’t much to fix. She has a great tenant in that house now.

However, according to Nicole, being a landlord is often challenging. It was easier when she was physically living with her tenants back in her college years, but now it has become much more difficult to manage her properties. She still holds onto these 2 houses as they constantly keep generating good cash flow.

Becoming a real estate investor

Large suburban house
Photographer: Jesse Roberts | Source: Unsplash

When Nicole graduated from college in 2016, she didn’t want to work in graphic design. She really enjoyed her first experience with real estate investing, and thought that she could dive into it more. She read every book she could find in the topic, listened to podcasts, and joined real estate investing groups. She was a big fan of the Bigger Pockets podcast. Like many of us, reading Rich Dad, Poor Dad inspired her to aspire for long term investments. So she decided to get her real estate license.

It took her 2 years to feel confident enough to get into her first investment. Nicole says that she wanted to be fully prepared and the hardest part was to take that initial leap.

Nicole found a property nearby and ran the numbers. It seemed like a great deal, but she didn’t have money. It also seemed impossible for her to get a loan at age 21. Luckily, her parents were very supportive of her dream and saw how serious and determined she was. They took out a home equity line of credit on their property in January 2018.

Nicole agreed with her parents that she would split the profit 50-50%. She sold the house in May 2018. She was able to give $30k on top of the $200k home equity line of credit back to her parents.

Getting more deals

The success of her first deal made Nicole confident about real estate investing. She soon found her next deal through a neighbor. He came over one day and suggested Nicole check out a house a couple of streets away because the owner moved out and she might be interested in selling it. However, he couldn’t share any other information about the address of the owner.

Nicole rode around the nearby streets for a couple of weeks, until she found the house for sale. The owner’s family was there at the time, so she asked them to show her the house. The family didn’t believe she would buy it because it was in a very bad condition. Nicole asked for some time, ran the numbers, and once she saw how good a deal this could be. She made an offer and bought the house in August 2018.

She estimated a similar profit on this property, but some construction got delayed. Eventually, she was able to sell it with a $50k profit at the beginning of January 2019.

The 3rd flip

Photographer: Breno Assis | Source: Unsplash

Nicole flipped 3 houses so far in her career. Her 3rd flip was the hardest of all. She bought the property for a great number in April of 2019. She expected to sell it with similar profit as her previous flips. However, it ended up needing so much more work than she anticipated. They found termites and mold in the house. Her biggest expense was in contractor costs. She was hoping to spend around $60k-$70k but ended up spending $150k. She only ended up making around $25k.

According to Nicole, if she could do it again, she wouldn’t invest that much in the renovation. She had high ambitions for the house, however, she wishes she would’ve done half as much construction.

Funding the deals

Nicole was able to use the initial home equity line of credit for all her 3 flips. Her parents took it out for 5 years. She could use it as she wished and it didn’t start adding interest until they took the money out of the account.

Originally, Nicole agreed with her parents in a 50-50 split, but her parents wanted her to keep her hard-earned money, so she got 60% of the second flip. She could keep 70% of the most recent, 3rd flip. This was already a very good deal for her parents.

The effects of the COVID-19

Photographer: Alexander Andrews | Source: Unsplash

The current pandemic affected the real estate industry. Nicole also had some difficulties with getting the rents on time. One of her houses is in a college town, which was heavily affected by COVID-19. As the University is closed, most of the students moved home to save up on rent. Her tenants were understanding about the binding lease at first, but they got robbed one night and wanted to move out.

Somedays, she feels overwhelmed, and getting a reliable 9-5 job comes to her mind. However, she always reminds herself of how free she is now. There is nothing better for her than having the ability to make her own schedule and take time off when she wants to.

She likes to focus on her end goal and her future plans, and not give up even in the hardest times.

The bright future

Nicole would like to create long-term wealth for herself. Her goal is to be financially independent and have freedom. In 2020, she would like to shift her focus from flips to buy and holds. She would like to be at a point when her rentals can create all her income, and she can be comfortable. She considers herself an investor first and a realtor second.

She is also thinking about bringing more people into her team eventually. Currently, she can manage her rentals through software, but as she is planning to grow, she might need a couple of people in the team.

For the future, Nicole senses a possible turning point in the real estate industry. It was already noticeable before the current pandemic that the housing prices were going insane. The properties that used to be affordable started to become very expensive. She hates that it might be caused by something terrible like the coronavirus, but a downturn is definitely needed.

She is hopeful that in the near future, the real estate industry will catch a new, fresh wave.