In this weeks show we’ll be speaking with commercial real estate investor, Ash Patel. Ash is quite the visionary as he commonly takes vacant and/or commercial properties and repositions them into highly valuable investments. And the best part, Ash did most of this all while working a full-time IT job. He has since gone full-time as a Real estate Investor, but you could say that he built a very successful real estate investment business in his part-time.

I’m positive that you’ll find our show with Ash both inspiring and motivational…I know I did.

Here’s what you’ll learn in todays show.

• How Ash made the transition from being a full-time IT consultant to a full-time real estate investor.
• Why he prefers commercial investments to residential?
• The reasons why he was forced him to remain vacant for more than 6 months in one of his multifamily properties and the lessons he learned from this experience.
• Why he feels local bank relationships are paramount in this business, especially when it comes to smaller scale commercial projects.
• The opportunity he saw in a vacant single use tenant building that had an abnormally small amount of parking and turn it into a highly desirable asset.
• How he’s been able to find all of his recent deals without having to do any direct marketing strategies like direct mail or cold calling.
• How he’s been able to hedge his risk from another potential real estate down cycle by negotiating longer terms with his banks and also selling off any of his higher priced assets.
• Why he feels that there are a ton of opportunities that exist on the local MLS, not Loopnet or CoStar, but the local MLS.
• The reasons he wishes he would have sought out a mentor in the very beginning to help offset his learning curve and how he would have gone about finding this mentor.

 Recommended Resources:

• Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
• Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S

Our guest for this week’s show is real estate investor and multifamily syndicator, David Thompson. David is a Real estate Investor based in Austin, TX. His story is one of commitment, dedication, and a “never give up” attitude. In today’s show, David is going to share how he recently raised $1 million in a short 2 weeks for his very first multi-family deal. And if that isn’t impressive enough, this first deal is 320 units. So let me recap, this was the first time he ever raised capital for a real estate deal and this was his very first multifamily property.

So, todays show will be part 2 of our 2 part series where David is going to share with us the 10 BIG lessons he’s learned on this first deal and how you can take these same lessons and apply them in your own business. I’m absolutely positive that you’ll gain massive value from our show together and will be both inspired and motivated by David’s Story.

The 6 Lessons We’ll Discuss in Todays Show:

5) Why relationships are key and where David focused most of his time during the capital raising process.

6) The importance of raising 20% to 30% more capital than what you really need.

7) The power of creating scarcity and why you must institute a first come, first serve offering.

8) Why you’re leaving money on the table if you’re not asking for referrals

9) Why timing is everything and how timing and life events will have an impact of the ability for you to raise capital.

10) The importance of having unwavering support from your friends and family and the reasons David attributes a large majority of his success to this one principle.

Recommended Resources:

• Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
• Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S