200. From 9-5 to Becoming a Full-Time Investor Paul David Thompson on The Real Estate Syndication Show
Release Date: 04/04/2023
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info_outlineReal estate investment has become a popular avenue for individuals looking to create wealth and financial freedom. The Real Estate Syndication Show with Whitney Sewell helps every active investor learn how the syndication business works, improve their business, and help passive investors understand where to invest when wanting to diversify into real estate.
In this episode, I was interviewed in The Real Estate Syndication Show and I share my journey from a traditional nine-to-five job to becoming a full-time real estate investor, providing insights into scaling from single-family rentals to multifamily properties, and leveraging access to other people's money to fund my projects. I also delve into the challenges of starting a fund, launching a hard money lending fund, and building relationships with investors.
Furthermore, I discuss the current economic climate and its impact on the fund industry. This episode provides valuable information for anyone interested in real estate investment and fund management.
WS1598: From 9-5 to Becoming a Full-Time Investor | Paul Thompson
Today’s guest, Paul Thompson, shares his journey from transitioning out of a nine-to-five job to becoming a full-time real estate investor. Paul talks about how he scaled from single-family rentals to multifamily properties and how he leveraged access to other people’s money to fund his own projects.
He dives deeper into the process of doing his own projects as a sponsor, launching a hard money lending fund and some tips for building relationships with investors. He also discusses the challenges of starting a fund and the current economic climate and how it is affecting the fund industry, so don’t miss it!
Key Points From This Episode:
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Paul shares about who he is and how he got into real estate investing from his nine-to-five job.
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What made Paul transition from single-family properties to finding opportunities in multifamily?
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Paul talks about how he got into hard money lending fund and started helping others fund their projects.
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The techniques Paul uses to get good at raising money and building relationships.
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Paul explains why he prefers to be a fund manager rather than a sponsor.
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Who are the people that Paul is lending to and the type of deals he’s looking to partner with.
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The challenges, pros and cons of starting the fund Paul has.
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Paul’s best source to meet new investors right now.
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The best advice of Paul for passive investors.
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The personal and professional metrics that Paul tracks.
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The number one thing that contributed to Paul’s success.
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Link to the original episode - https://lifebridgecapital.com/2023/03/07/ws1598-from-9-5-to-becoming-a-full-time-investor-paul-thompson/
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