RCRE - The Compound Effect with David Toupin
Jake and Gino Multifamily Investing Entrepreneurs
English - January 29, 2020 14:26 - 51 minutes - 23.6 MB - ★★★★★ - 814 ratingsInvesting Business Education investing realestateinvesting realestateinvestment apartmentinvesting buyingapartmentbuildings buyingrealestate cashflow investingsmart jakeandgino makingmoney Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Dylan and Mike interview David Toupin, the co-founder of Obsidian Capital, an Austin Texas based real estate investment firm.
David started investing at the age of 20 in Michigan where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree at the University of Detroit Mercy, David had acquired $7M in multifamily real estate holdings.
Key Information:
Always hustle whether it is using cold calls or mailers to find deals
Ask yourself “How Can I do this?”
David is looking to develop multifamily properties because the cap rates are being compressed
Focus on one thing
One deal doesn’t set you free, multifamily is a long game
Manage the property managers to make sure you understand your cash position, budget, and turns
Partnerships are similar to marriages, build the foundation by aligning values & investing views
“If you had a blank check what would you do to this property?” -David Toupin
Relationships are everything in business
Expert Pro Tip: Constantly practice underwriting by reviewing a T12 and Rent Roll. Keep your model simple
Contact Information:
@realestatejedi
https://www.obsidiancapitalco.com/
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