Shifting over to multifamily real estate may not be as huge a leap from your current profession as it may seem. Our guest today has an extraordinary career background, and in this episode, he shares how the basic operational skills he gleaned in his previous endeavors cross over seamlessly into the multifamily space. K. Trevor Thompson has over 47 years of entrepreneurial experience and, in the realm of real estate, has invested in over 200 properties as a limited partner and carried out two syndications as a general partner. In a personal capacity, his investments in apartments exceed 1,250 units! Today, we get some insight into how he became so incredibly diversified in terms of property types, as well as how he approaches networking and selecting who to partner up with and strike deals with. K. Trevor Thompson is committed to learning while earning; tune in to hear how best to educate yourself and make lasting connections!
Key Points From This Episode:
- K. Trevor Thompson’s extraordinary career background and what led him to real estate.
- How his prior work experience aided his real estate endeavors.
- The basic operational skills required in the multifamily space.
- K. Trevor Thompson shares the biggest “aha” moment of his real estate career.
- How best to educate yourself on becoming a limited partner.
- The challenge of balancing analysis-paralysis and taking action.
- K. Trevor’s commitment to learning while earning.
- His underwriting process.
- Red flags for dodgy deals.
- Loss to leases explained.
- Why K. Trevor picks markets before sponsors.
- What led him to invest in such a vast array of property types.
- How the stars aligned for his entry into storage investment.
- K. Trevor’s approach to networking.
- Networking tips for the non-networker.
- What K. looks for in sponsors.
- His continuous learning methods.
Links Mentioned in Today’s Episode:
K. Trevor Thompson on LinkedIn
Passive Investing in Commercial Real Estate by James Kandasamy
Passive Income Through Multifamily Real Estate Facebook Group
