David Thompson is Live on Elevate!
David Thompson is the Founder and CEO of Thompson Investing, which helps passive investors with opportunities in value-add multifamily, self-storage and mobile home parks. David is a real estate investing thought leader based in Austin, Texas, who is a blogger, speaker and an author of two books.
In this episode, Tyler and David’s discussion focused on the journey of leaving a comfortable, full-time position to pursue real estate investing. David shared the story of his career transition from high-tech, working for companies like AT&T and Dell, to real estate. He also discussed how, among other things, how thought leadership has led to his success. He cited a rule that his mentor, Joe Fairless, taught him:
85% of every raise for a deal, those are return investors referrals. Those are the greatest ones because they're already going to come at you like, “Hey, I like the deal, here's what I want to invest.” You don't even have to explain it to them half the time. Those 15% is really where we work. And what that work is what you’re doing, Tyler. Providing a format for your listeners to learn.
Other topics included lifestyle benefits of real estate investing, finding a relaxed/structured goal balance, longterm partnerships, job vs. vocation, challenging yourself and much more. David is a relatable person and great storyteller who provides Elevate Nation with a lot of entrepreneurial insight in this episode!
Listen here.
Watch the episode here.
Read the episode transcript here.
You can connect with David via his website or social media:
The books mentioned in the episode can be purchased below:
Atomic Habits, by James Clear
The Second Mountain, by David Brooks
Psycho Cybernetics, by Maxwell Maltz
Cashflow Quadrant, by Robert Kiyosaki
The Millionaire Real Estate Investor, by Gary Keller
