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Summary
David Thompson is the founder and general partner of Thompson Investing, operating out of his city of residence: Austin, Texas.
As a sponsor in countless syndication deals, David invests capital in real estate projects, particularly multi-family apartments, self-storage, and home parks. He currently manages an investment portfolio of over $150 million. Before starting his own business, David moved between high-level management positions at companies like Dell, AT&T, and Lucent Technologies.
In this episode David shares his strategies for dealing with crises like Coronavirus in real estate syndication. We discuss how you can make money in any real estate market through identifying and developing a niche, and how David has turned the pandemic into an opportunity for personal and professional growth.
Tune in for an uplifting episode where David’s optimistic and pragmatic investing tips help you become a more resilient investor.
KEY TAKEAWAYS
1. Communication is key to build and maintain trust during a crisis, even if you only have bad news
2. Building strong business relationships will pay off for years to come.
3. Educating yourself is crucial. Anybody can get started as an investor if they are willing to self-educate and reach out to professionals to ask questions.
4. Slow periods are part of investing. It comes in waves.
5. Take the time during a slow year to focus on building up what you have, strengthening your investments rather than expanding.
BOOKS
The Passive Investing Playbook – http://theinvestormindset.com/passive
LINKS
Thompson Investing Website: https://thompsoninvesting.com/
Thompson Investing Twitter: https://twitter.com/thompsoninvest
Thompson Investing Facebook: https://www.facebook.com/thompsoninvesting/
Learn more about investing with Steven at http://theinvestormindset.com/invest
Join the MultiFamilyMBA and get exclusive free training: http://theinvestormindset.com/mfmba
FEATURED EPISODES
Learn from the smartest minds in business & investing.
Rod Khleif
Kathy Fettke
Chris Voss
Brandon Turner
David Allen
Joe Fairless
About The Show
What separates those who succeed from failures? Join thousands of listeners who learn the mindset of real estate investing and how to create multiple income streams. From busy professionals interested in passive investing or the real estate entrepreneurs who are primed to scale all come together to learn the mindset of creating financial and time freedom.
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YOUR HOST:
Steven Pesavento
The Investor Mindset Podcast & President VonFinch Capital
Steven Pesavento has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He is an active real estate investor who curates Commercial Real Estate Investments for clients.
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