#137 with Dave Seymour: How to Operate a Fund with Over $100 Million in Capital

Millennial Millionaire Real Estate Podcast

English - December 14, 2020 18:50 - 44 minutes - 81.1 MB - ★★★★★ - 56 ratings
Investing Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #136 with Jonathan Farber: Discussing my Favorite Strategy Right Now and Top of Mind Projects

Next Episode: #138 with Tina Thomas: How to Help Investors Maximize Their Home Value with a Nationwide Property Designer

In this episode, Jonathan Farber interviews Dave Seymour on his road from his first real estate seminar to operating a fund with over $100 million in capital. Dave is a real estate celebrity from Boston, Massachusetts. In this episode, we dig into topics like: education as a real estate beginner, experience from TV flipping, today’s flipping tactics, and more!

Top Takeaways:

Taking a “risk” on education as a real estate beginner - 14:45 - 21:00

Many people may see real estate coaching or paid groups as a waste if you’re going to quit later

For this reason, you should treat any education you buy as accountability to that investment

If you throw away that investment you only have yourself to blame

The difference between flipping and flipping on TV - 27:45 - 31:15

The novelty wears off after a couple seasons, then it gets hard to balance business and production

These days, displayed costs have been fudged a bit and it can give the wrong idea

The timelines the shows claim are sometimes visibly wrong

Flipping tactics for today - 32:00 - 00:00

Currently the highest priority in a flip should be speed

If you can’t complete purchase to sale in 45 days, you become vulnerable to an uncertain market

As soon as interest rates change, the value in a deal with tight margins might evaporate

How to bring value to Dave Seymour:

Check out the Freedom Venture fund

(781) 922-4418

freedomventure.com

Connect With Our Sponsor, MartelTurnkey:

martelturnkey.com

Schedule a Call

[email protected]

Connect With The host, Jonathan Farber Here!

LinkedIn: https://www.linkedin.com/in/jonathanfarber1/

Instagram: @jonjfarb

Facebook: https://www.facebook.com/jonathan.farber.9

Facebook Group: Real Estate Mentorship Mastermind

https://www.facebook.com/groups/860025821084224/

BiggerPockets: https://www.biggerpockets.com/users/JonathanF29

Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw

Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr

Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA