Financial Freedom with Real Estate Investing MB 233: From Trading Time for Money to Financial Freedom– With Dave Seymour
Trading time for money has a ceiling. There are only so many hours in the day, and eventually, we run out. And those of us who work 80 hours a week (or more!) to make ends meet simply can’t be a good partner or parent. So, what can we do to get out of this broken system and achieve financial freedom?
Dave Seymour is the Cofounder and CEO of Freedom Venture Management, a results-driven investing firm that focuses on multifamily and commercial real estate. After 16 years as a Boston firefighter and paramedic, Dave discovered real estate and quickly became one of the nation’s top investors. His passion for the business and propensity to tell it like it is landed Dave his own real estate reality series on A&E, and he has also appeared on CBS, ABC and CNBC, among many other national media outlets.
On this episode of Apartment Building Investing, Dave joins me to explain how he went from working 120 hours a week as a firefighter and paramedic to starring in Flipping Boston on A&E. He describes how real estate saved his financial life and weighs in on what multifamily assets his team is buying now to generate cashflow right away. Listen in for Dave’s insight on building a platform by being yourself and learn to replace fear with faith and say YES to the opportunities that come your way!
Key TakeawaysHow Dave got his own show on A&E
- Separate self from pack
- Amplify what’s special about you
What Dave was doing before real estate
- 16 years as firefighter + paramedic
- Spending money didn’t have
What inspired Dave to pursue financial freedom
- Working 120 hours/week
- Couldn’t be good husband or dad
How Dave got into real estate
- Heard about seminar on radio
- Invested $27K in classes
What Dave is good at
- Knowing what real emergency is
- Assess landscape + execute
How Dave makes up for his weaknesses
- Recognize what’s not core competency
- Hire exceptional fund managers
How Dave built a platform for raising money
- Authenticity (no BS)
- Search for other’s needs and serve
Dave’s biggest challenges right now
- Getting qualified funds
- Marketing to right audience
- Meet-and-greets during COVID
What assets Dave’s team is buying
- Multifamily on Florida Gulf Coast
- Focus on 40- to 140-unit properties
What’s next for Dave and Freedom Venture
- Build infrastructure for $250M Fund 2
- Direct lending to other investors
Dave’s definition of success
- Physical, mental and spiritual wellbeing
- Family and faith (to replace fear)
Connect with Dave Seymour Resources
Learn More About Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Three Feet from Gold: Turn Your Obstacles into Opportunities by Sharon L. Lechter and Greg S. Reid
The Untethered Soul: A Journey Beyond Yourself by Michael A. Singer