This is part 2 of my conversation with K. Trevor Thompson. K. Trevor is based in Austin TX, participating as LP in 20 (15 active) switching to active with 2 GP syndicated deals. Over the past few years, he has become deeply passionate about learning about Real Estate Investing. He is an avid learner, continually connecting with as many like-minded people. He is now switching to being active and looking to be a GP / Asset Manager – Boots on the ground for syndications in TX.

In this episode, K. Trevor Thompson shares his experience in the multifamily industry and how it can be hard work. He advises that in order to be successful, you should have a local partner who knows the market. He recommends that newbies start by doing due diligence on properties before putting any offers in, and notes that secret shopping can be an effective way to check out a property before making an offer. To learn more about K. Trevor and his work, listeners can visit Niagara Investments, LLC!

[00:01 - 05:05] Partner With A Local Who Knows The Market

• K. Trevor’s advice to listeners in order to be successful in real estate

• Partnering with a local investor that knows the market

[05:06 - 14:32] Mentorship Programs Offer Experienced Professionals To Help Newbies

• K. Trevor shares that sponsors can invite students to do a due diligence, to learn more about their mentoring program
• It is important to be respectful of the boundaries set by the sponsor when attending a due diligence day
• Conversations with the GP team about what type of property would be a good fit for the onsite staff
• How the market has become saturated and it is making it difficult for smaller businesses to purchase and maintain property

[14:02 - 19:28] Closing Segment

• K. Trevor recommends having a local college or university as a secret shopper
• To learn more about K. Trevor, listeners can visit at his Red Wing Capital!

Tweetable Quotes:

“You’ve got to have somebody that knows the local market.” – K. Trevor Thompson

“A lot of people don't realize that it's hard work. It takes a special purpose person to be a property manager, regional manager.” – K. Trevor Thompson

Connect with K. Trevor through his:

Website: Niagara Investments, LLC

Facebook: Niagara Investments, LLC

Facebook: K. Trevor Thompson

YouTube: K. Trevor Thompson

LinkedIn: K. Trevor Thompson

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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