The Direct-To-Seller Multifamily Cold Call Script That Built A $50M Portfolio w/ David Choi | EP 662

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 27 August 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we feature the cold call script and secrets from David Choi (@davidchoi.biz) that he used to build a $50M Portfolio! Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses? 👔🏝️ Schedule A Free 15 Minute Coaching Call With Our Team Here To Get "Unstuck" Want to know which investment strategy is best for you? Take our Free Asset-Selection Quiz Check Out Our Bestselling Book : From Passive To Passionate: How To Quit Your Job - Gr...

Transcript

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0:00.0	ABC, David Choi, ABC, always be closing. What is up? My brother, man. How are you?
0:06.1	Brian, thank you so much for having me on the show. It's a pleasure to be here, man. How are you?
0:11.1	Doing good, man. I'm scrolling through Instagram. I'm scrolling through Instagram. I'm seeing
0:15.9	Grant Cardone pops up and he's talking about something random, as always. I see another guy pop up. He's
0:22.6	talking about something random. All of a sudden I see David Choi on a cell phone. I'm like,
0:27.1	all right, who is this guy? Why is this guy live negotiating a deal on my Instagram right now?
0:32.5	That click on your profile and all of a sudden I'm 100 videos deep of you on cell phones talking to people.
0:38.4	And I'm just like, all right, I got a message this guy. So I message you. I look you up.
0:42.9	I'm like, dude, sales guy to sales guys. We need to have a conversation. We're going to get along.
0:46.9	And now here we are at the podcast, brother. I'm excited to share your secrets, secret sauce with the audience.
0:54.0	And we're going to be talking about direct to
0:56.0	seller marketing, direct to seller for multifamily for different businesses. So, man, talk to the
1:02.2	people. Who is David Choi? What do you do? Why should they stick around and listen to what the
1:07.6	heck you have to say? Absolutely. Absolutely. Hey everybody, David Choi here.
1:12.5	I'm the president of a smaller private equity shop. We have both debt and equity platforms.
1:18.2	So on our equity side, we owed about $50 million worth of real estate, scouting between single
1:23.1	family rentals, mid-sized and large size multifamily. And then on the debt side, we have a debt fund
1:29.0	where we originate DSCR hard money loans for other real estate investors. And we lend directly
1:34.7	off our balance sheet. So we originate the loans. And then we sell the notes off. It's been a
1:39.6	great business. At this point in time, we have a five-year North Star. We don't want to partner
1:44.9	with any investors on the equity side of the business. We, we plan on buying about 2,000
1:50.4	doors self-funded by 2028. And yeah, that's pretty much it. For fun, I guess I like
	...

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