Ep #123 (part 2): The 10 Lessons Learned from Raising $1 Million in 2 Weeks for His First Multi-family Deal - with David Thompson
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 6 September 2016
⏱️ 48 minutes
🧾️ Download transcript
Summary
Our guest for this week’s show is real estate investor and multifamily syndicator, David Thompson. David is a Real estate Investor based in Austin, TX. His story is one of commitment, dedication, and a “never give up” attitude. In today’s show, David is going to share how he recently raised $1 million in a short 2 weeks for his very first multi-family deal. And if that isn’t impressive enough, this first deal is 320 units. So let me recap, this was the first time he ever raised capital for a real estate deal and this was his very first multifamily property.
So, todays show will be part 2 of our 2 part series where David is going to share with us the 10 BIG lessons he’s learned on this first deal and how you can take these same lessons and apply them in your own business. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by David’s Story.
The 6 Lessons We’ll Discuss in Todays Show:
5) Why relationships are key and where David focused most of his time during the capital raising process.
6) The importance of raising 20% to 30% more capital than what you really need.
7) The power of creating scarcity and why you must institute a first come, first serve offering.
8) Why you’re leaving money on the table if you’re not asking for referrals
9) Why timing is everything and how timing and life events will have an impact of the ability for you to raise capital.
10) The importance of having unwavering support from your friends and family and the reasons David attributes a large majority of his success to this one principle.
Recommended Resources:
- Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.2 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.1 | Hey guys, Kevin Bup here with episode number 123 of the Real Estate Investing for Cashflow podcast, |
| 0:36.1 | where mission is to help you build and maintain massive amounts of cash flow |
| 0:40.1 | through income producing real estate investments. |
| 0:43.1 | In this week's show, we're going to be covering part two of my awesome interview |
| 0:45.9 | with real estate investor and multifamily syndicator David Thompson. |
| 0:50.2 | And if you haven't done so already, be sure to go back and listen to the first part of the show |
| 0:54.6 | would air last Tuesday, as it's going to plan to some of the items that we're going to be covering |
| 0:58.2 | in today's show. And in the event that you didn't listen to the first part, let me give you a |
| 1:02.6 | quick overview of who David is and why you should pay attention. David is a multifamily investor |
| 1:07.6 | who recently raised $1 million for his first multifamily deal. And even more |
| 1:13.0 | impressive is that this first taste of multifamily was a 320 unit apartment building. So in today's show, |
| 1:19.7 | we're going to finish covering the remaining six of the 10 big lessons that David learned on this |
| 1:24.7 | very first deal and how you can take these same lessons and apply |
| 1:28.1 | them to your own business. And the six lessons that we're going to discuss in today's show |
| 1:31.9 | are the following. We'll discuss why David feels that relationships are key and where he focused |
| 1:37.0 | most of his time during the capital raising process. We're going to talk about the importance of raising |
| 1:41.9 | 20 to 30% more capital than what you think you really need. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.