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b'What unique abilities do engineers have that can give them an edge in real estate investing?\\n\\xa0\\nNick talks about his background as an engineer and what drove him to leave his career to pursue real estate investing full-time. He explains how he has leveraged his engineering skills.\\n\\xa0\\nNick Sicilian, an experienced Chief Engineer with a demonstrated history of success in the maritime industry. Over the years, He honed his skills in managing diesel generators, steam turbine generators, boilers, and safety management systems. His passion for engineering and problem-solving led me to excel in various technical aspects of the maritime domain.\\n\\xa0\\n\\xa0\\n[00:02:29 - 00:06:40] Leaving Engineering for Real Estate Investing\\n\\xa0\\nNick worked as an engineer in the oil and gas industry but decided to leave his career to spend more time with his family.\\nHe cashed out his 401k and jumped into real estate investing full time with his brother who had experience in the field.\\nStarting out, Nick focused on building communication skills and learning through doing deals hand-in-hand with his brother.\\n\\xa0\\n[00:06:41 - 00:14:27] Translating Engineering Skills to Real Estate\\n\\xa0\\nNick brought a systems thinking approach to real estate, creating processes and order in his brother\'s business.\\nComing from an engineering background, he was able to analyze deals repeatedly to gain knowledge.\\nStrong communication skills are key in real estate when speaking to sellers and lenders.\\n\\xa0\\n[00:14:28 - 00:21:41] Building a Real Estate Business\\n\\xa0\\nNick and his brother keep their team small but mighty, with key players in acquisitions and dispositions.\\nThey scale their business slowly, fully developing processes before bringing on new hires.\\nPersonality assessments help determine if a new hire is a good fit for their needs.\\n\\xa0\\n[00:21:42 - 00:28:45] Lessons Learned\\nNick emphasizes the importance of persistence above all else in real estate investing.\\nLearning from mistakes and failures are invaluable lessons that should be viewed as education.\\nStay focused on seeing each deal through to the end rather than counting profits early.\\nBest Deal: Wholesaling a property to 1.6 Million in valuation\\nWorst Deal: A property with a tenant that had to be evicted.\\nTop lesson learned: Keep going, consistency even if things are not going your way.\\n\\xa0\\n"You have to keep going. If you\'re going to try something, you\'re going to try it, fail, and then keep on trying it until you perfect it." - Nick Sicilian\\n"Learnings from mistakes and failures are invaluable lessons that should be viewed as education." - Nick Sicilian\\n\\xa0\\nConnect with Nick:\\nYoutube: https://www.youtube.com/@TheSicilianBrothers/videos\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'