RCRE - The Compound Effect with David Toupin

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/   For more information/to connect with Rand CRE: www.randcre.com   To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/     Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Twitter: https://twitter.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.