Dylan and Mike interview David Toupin, the co-founder of Obsidian Capital, an Austin Texas based real estate investment firm. 

David started investing at the age of 20 in Michigan where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree at the University of Detroit Mercy, David had acquired $7M in multifamily real estate holdings.

Key Information:

Always hustle whether it is using cold calls or mailers to find deals

Ask yourself “How Can I do this?”

David is looking to develop multifamily properties because the cap rates are being compressed

Focus on one thing 

One deal doesn’t set you free, multifamily is a long game

Manage the property managers to make sure you understand your cash position, budget, and turns

Partnerships are similar to marriages, build the foundation by aligning values & investing views

“If you had a blank check what would you do to this property?” -David Toupin

Relationships are everything in business

Expert Pro Tip: Constantly practice underwriting by reviewing a T12 and Rent Roll. Keep your model simple

Contact Information:

@realestatejedi

https://www.obsidiancapitalco.com/

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