What is the one critical factor that can make or break your success as a passive real estate investor?
In this episode, Yonah sits down with the multi-talented K Trevor Thompson, a man with a diverse background spanning from working at Ripley's Believe It or Not to opening 46 iFly Indoor Skydiving locations. He shares his journey into real estate investing, emphasizing the importance of the "who" over the "what" when it comes to choosing the right investment opportunities. Trevor discusses the power of diversification, the lessons learned from deals that didn't go as planned, and the importance of setting ambitious goals.
[00:01 – 06:08] From Guinness World Records to Real Estate
- Trevor's diverse career background
- The importance of taking action on inspiration, rather than just being inspired
- Trevor's transition into real estate investing after reading Rich Dad, Poor Dad
[06:09 – 13:55] The Power of Passive Investing
- The importance of the "who" over the "what" when choosing investment opportunities
- Diversifying investments across different asset classes, locations, and risk levels
- The benefits of investing in deals with preferred payments and waterfalls
[13:56 – 20:22] The Eighth Wonder of the World
- The power of compounding investments over time
- The importance of staying in a W2 job while growing wealth
- The benefits of having a supportive partner on your real estate journey
[20:23 – 26:00] Lessons Learned from Deals Gone Wrong
- The impact of rapidly increasing interest rates on real estate deals
- The importance of adequate reserves and fixed debt in mitigating risk
- The value of experienced and skilled asset management teams
[26:01 – 32:27] The Key to Success in Real Estate Investing
- The importance of setting ambitious goals
- How to help people reach financial independence through real estate investing
- The value of sharing knowledge and inspiring others to take action in their investment journey
Connect with Trevor:
LinkedIn: https://www.linkedin.com/in/ktrevorthompson/
Instagram: https://www.instagram.com/kttniagarainvestment/
Facebook: http://www.facebook.com/groups/earnandlearnwithrealestateinvesting/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quote:
"I think the biggest lesson I've learned in life is the who is way more important than the what." – K. Trevor Thompson
Support the show
