Nick Earls and Eric DiNicola are high school friends who partnered later in life to live out a childhood dream. Nick is the author of the book “Making Millions through Multi-Family Development.” Eric, with a decade of experience in the financial industry, joined forces with Nick in 2015 to create Winterspring Capital, a real estate development firm.
There are few relationships in life that are more meaningful than childhood friendships. The relationship between Nick Earls and Eric DiNicola is no exception. In fact, they have taken their friendship to the next level by joining forces to achieve their childhood aspiration and build a multimillion-dollar real estate business together.
A 20-year friendship turned into a business partnership when Nick Earls and Eric DiNicola started building condos. They found an opportunity and converted office buildings into apartments. Nick and Eric are giving us the inside scoop on the top three qualities to look for in an office building, the pros and cons of construction on existing buildings vs. new builds, and the one thing to look for in your location.
In this episode, Nick and Eric will discuss about their background and how they convert residential home by adding another unit and converting it to condo. They also share about their development business and how it is different from syndication value add.