Every investment deal is an opportunity to learn, and investors who take the time to reflect on their successes and failures can develop a more nuanced understanding of the business, as well as a more refined investment strategy. By being an obsessed learner, being ready to embrace failure, and using setbacks to your advantage, real estate investors can improve their chances of success and achieve their financial goals.
In this episode, we're joined by K Trevor Thompson, a real estate investor with an extensive background in the attractions and entertainment industry. Trevor shares his obsession with learning, embracing failures and learning from mistakes. He says setbacks teach us lessons that help refine our strategies and allow us to make informed decisions. Trevor's insights offer a unique perspective on the importance of investing in people, building scalable systems, and prioritizing the customer experience. Hear about Trevor’s journey and discover how to turn failures into opportunities and grow as a real estate investor!
Key Points from This Episode:
Tweetables:
“Things that go wrong are your world's greatest teachers.”
“I became an obsessed learner of real estate investing to the point now where I've invested in 20 syndications as an LP and three now as a GP.”
“In the beginning, I was always afraid of real estate, the toilets, tenants and trash. But once I understood what I was missing, it's not as intimidating.”
“Don't wait to buy real estate, buy real estate and wait.”
“Sooner or later, I'm gonna get my easy deal.”
“I've invested in a lot of different asset classes all for learning and earning.”
“If you're not making mistakes, we're not doing anything.”
“I've got one hand out and somebody's pulling me forward but I never forget to put one hand back and take somebody along.”
“Surround yourself with people that are better than you at what you do. If you're the smartest person in the room, you're in the wrong room.”
“Look for value in everybody and everything.”
Links Mentioned:
Trevor Thompson on LinkedIn
K Trevor Thompson on YouTube
K Trevor Thompson on Facebook
Massive Capital
Rich Dad Poor Dad by Robert Kiyosaki
Be Obsessed or Be Average by Grant Cardone
The 10X Rule Book by Grant Cardone
What Got You Here Won't Get You There by Marshall Goldsmith
Blue Ocean Strategy
Invest with CF Capital
About K Trevor Thompson
Trevor is a successful vice president with 47+ years in the attractions and entertainment industry. He is highly observant, detail-oriented, and has a highly developed work ethic, values, and sense of history, and culture. He strives to maintain a harmonious environment offering service to others. Trevor communicates in group and one-on-one settings and is comfortable developing businesses, leading teams, and providing high-level results. He leverages these skills into his new passion - Real Estate Investing.
Over the past few years, he has become deeply passionate about learning real estate investing. Trevor is now a limited partner on 20 investments and a general partner in three syndications. He's an avid learner who’s continually connecting with like-minded people and is committed to helping 1,000 people attain financial independence through real estate investing.
An Important Announcement from Tyler
E320 Peter Boockvar – Insights for Investor Action: Assessment of the Current Economic Landscape and Market Conditions from a Leading Voice in Finance
E319 Tyler Chesser – Think and Raise More Capital: The Secrets of Building Trust, Aligning Investor Interests and Becoming an Elite Equity Raiser
E318 Vinki Loomba – Vibrating on the Wavelength of Your Dreams: Unleashing Your Potential with Manifestation in Real Estate
E317 Brien Lundin – From Gold to Geopolitics and Macroeconomics: Expert Investor Perspectives for the Long-Term, Wise Investor
E316 Tyler Goble – How to Leverage Data Science to Transform Your Investments and Use Your Financial Success to Make Massive Impact
E315 Marc Weisi – From Wall Street to Main Street: Success in Real Estate and Leveraging it to Design Your Ideal Lifestyle
E314 Keith Wasserman – Compounding: Leveraging Common Sense, Grit, and Being a Contrarian to Scale Your Real Estate Holdings
E313 Dr. Mikki Lake – Practicing Medicine on Your Own Terms: From Overwhelmed to Free by Intelligently Leveraging Real Estate Investments
E312 Matt Faircloth – Unleashing Your Authentic Self: Adding Value and Attracting Opportunities in Real Estate and in Life
E311 Bernard Reisz – Investing in Great Assets, Elevating Your Tax Strategy & Leveraging the True Value of the NPV of What You Do with Tax Savings
E310 Chester Elton – Mastering the Art of Engagement: Fostering Teamwork and Collaboration for Success
E309 Mark Kenney – How to Invest, Grow, and Scale in Multifamily Real Estate, Navigating Challenges and Overcoming Setbacks
E308 Scott Lewis – Designing and Managing a Large Thriving Real Estate Investment Organization with Strategic, Operational and Tactical Excellence
E307 Marshall Goldsmith – Breaking Through Limiting Beliefs: Unleashing Your Potential for Success and Happiness with the #1 Leadership Thinker in the World
E306 Chris Salerno – Create Your Own Luck: Leveraging Ambition and Burning Desire, Working Smarter and Harder Than Anyone Else
E305 Charles Carillo – Leveraging Real Estate Challenges to Grow Your Portfolio and Using a Buffer to Protect and Compound Your Wealth
E304 Pete VanderVeen – Become a Better Leader and Real Estate Investor with Emotional Intelligence
E303 Tyler Chesser – The Power of Going Big: Unlocking Your Potential in Real Estate and Life
E302 Amanda Cruise - Unleashing Abundance: How Real Estate Can Transform Your Life
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