Man, Im like, Run, Forrest, run! I mean, I like you of Im born from an education world in a sense of I want to share good stuff, things that things that work a lot of a lot of folks that come through. I got this field and thats where it started. What about this? And he said, Whats the matter? Anybody listening to the podcast. Guest Bio: Dave Seymour, a retired 16 year veteran of the Fire Service launched his Real Estate career over a decade ago, rapidly becoming one of the Countries top investors. And Kevin just sitting at one of the apartment complexes by the pool in Florida, banging around ideas and conversation. So hows that? Its how I was. But the real estate business in the education space, were always working in tandem, friend. These were your Gary V s and the rest of those guys on there. Exactly. to be in a really estate investor, and I know youve told this story before, but can you tell our listeners just a short version of Really, how that how that happen? I kicked the crap out of this, but but But but But I just kept going and going and going, and Im saying Please dont. Its a good thing, a za, long as its not taken to some crazy extreme. So we ended up season one. There was a trip, you know, Im still drinking back then. You have kept it to Onley. When you do really sit at freedom venture dot com. I got to go home. And Im kind of like pounding on the steering wheel. Any once the moneys in, were working it for six years. You know, those lesson. Im gonna catch you. I have all this internal dialogue in nanoseconds and Im like, Theres a matter of fact. So I started breaking down a list of people that, you know, were influential, that I knew personally, you could participate in some capacity or another. I said, Im in the fact that we live in America and you could file bankruptcy and she started crying and she said I work for the Postal Service, not Postal service. Now, he could send an invite from LinkedIn, and he would get CEOs from various organizations wanting to connect. Copyright 2015 SpinGym, LLC. It was dark days for me, and Im so over over 30 years now, so I couldnt self medicate. Then I would work part time. And you got to remember brother were in New England, you know, we got some old stuff here. Lets talk about covert. I you know, were just north of Boston, Massachusetts, and, you know, trying toe try to pivot, man, play the game in a new landscape in a new world. Only for this fun, However, I wouldnt I wouldnt deter anybody from exploring any education they could get from us and that company. Its, uh, but its the short intervals, like 2025 5, 15 minute intervals that you do each day on. And Dave has so much energy that youre going to be pumped up when you just leave this episode. What are you doing? Sounds simple, right? Get like you sort of write euphonious out of a gun, get out of there like slide off of the chair and go away. Its beautiful. But you really see an opportunity right now to invest in real estate and then talk a little bit about your approach on how people could be a part of this new thing. If we raised $100 million we do it under the securities and Exchange Commission rules and regulations, which is a red defiling a 506 c. So if we do that, what we can do is not by just one of them, we could buy them all. I got fantastic advisory board and great great partners, great partners. But you and I, weve gotten off track. And if you look at commercial real estate investing in a multifamily arena, its outperformed all other commercial asset classes. If you could see behind me right now, theres a couple of old Victorian diagrams of the heart, right? Thats how we did it. And I bought every one of the damn books because I want to see it now. But theres this thing that humans do, which they romanticize that that person could gnome or and and its one of these things. Within his first few years, Dave had transacted millions of dollars of real estate and had become one of the nation's leading experts in both residential and commercial transactions. In this episode, you'll learn: The class structure in England and coming into America to move . When everybody else was running out, I went running in. Im like, Well, I know how to dig a ditch. Well have you back in a few months. But with that, you actually, through all of this experience, really do have a ton of experience in real estate and talk about your current venture it It sounds like you. And I think if its okay with you, well tune back in. Youve done it before. It gives you an opportunity to learn more about the company of fund. And then, Yeah, Ill just say, like, if anybodys listening to their new to that sort of investment, I mean, the 100 page, thank ppm. They have one billion with a B dollars under under management assets under management. Venture. A mentor whos in the real estate business built to real estate companies, took one public Warren Buffett bodies on the boardwalk. And I was thinking about it. Then theres an opportunity to register for more information. God gave me one body. Do you think that people need to be in that spot, or can they be in a different spot? Hey, everyone, Welcome to another episode of Build a business success Secrets. Private Equity Fund Manager Star of A&E's Flipping Boston Dave Seymour | Danvers MA Dave. I said, Yeah, Ive seen his apartments and know it I know him personally. Describe that your team players look dip shite. Im grateful to be around like minded people. Awesome. I mean, at the end of it, I think it was like for 30 grand an episode. Only SEC says an accredited investor earns $200,000 a year or more individually, 300 or more as a couple $1 million in net worth, not including equity or their primary residence or equity in their primary residence. No, Brendan, it wasnt them that helped me a counter, brother. Look, man, every time Ive Ive ever walked out onto a platform to share education through real estate investing, I always open up with the line. I mean, look, any founder on has an ego like anybody who says that thats not true. Just that business acumen. Whats next? Love an opportunity to dio doing interview, kind of like were doing friend, right? Blah blah, blah, blah, blah, blah, blah and some pure not the brilliance came out of my mouth. Okay. You implemented what you learned. That and theres this crazy balance. You know, itss. Its an individual choice, right? You know him from flipping Boston. But I think its an important lesson for people to lessons there is learn from people who are actually doing it. Kevin offers just that business acumen, man. I have overeducated, I guess if you call to monsters and $150,000 worth of it, not including my undergraduate and some close masters work in another place nearby my house. Ill do the best Ive been known since, like some of the oxygen out of the room. On that quarters, all is such a such a damaging component. It put me in a position where I can touch gloves with guys like you. Dave's not from the military, but you may know him from Flipping Boston. You want to teach it? So the bank is always going to get paid one way or another. Well, three. If we hit three million like weve only been in our race face for about 3 to 4 weeks right now, theres kind of interested in watching the difference between raising capital and a fund and raising capital as a syndicator. If if their friendships, Im for always Im gonna wrap it up with this one. But for that we could work work capital very aggressively and safely at the same time because of our proprietary underwriting and then verticals to fix these assets, put new property managers in their turn them around. I actually I actually got a royalty check because its playing in turkey and I got I got a royalty check for, like, $500. I can entertain it anymore. So its its prime to do really, really well for our investors. And it was funny. I didnt cheat. But he sent me a funny sent me a vanilla application for a download toe. Last, I could go on like I love this stuff. I hope that was clear enough that theres theres a lot of movie props on our side, but on the invest decide its easy. Well, just dont tell the English, but, um, it was, you know, it was It was It was interesting. Actually, if you go to Freedom Venture, theres theres a video there that you scrolled through that just is like a razzle dazzle piece toe Excite people about the Florida market, and then theres, Ah, theres a button that you compress on that front page Brendan that says Mawr information on that button. You know? Im also I kick ass multiple firefighter. His story is crazy and goes to show that you can make things happen for yourself and become anything you want.Daves brings you a weeks worth of positive energy and inspiration. And now He's taking all his real estate experience and bringing it to the commercial real estate world with a new venture capital fund. Thats why I got E. I think I think everybody gets called. So Ive learned those lessons. So I changed my mind. After 16 years as a firefighter and paramedic, Dave Seymour launched his career, rapidly becoming one of the nation's top real estate investors. Seymour has taken the role of chief executive at Danvers firm Freedom Venture Investments, which is about to begin raising its first $100 million fund. Yeah, No. Yeah, its a business plan. . I thought I was doing the right thing. Because you had a whole career, right? I dont know. So I got myself recognized by filling out my application with the most horrendous profanity I could think of. We crank up the engine, we get rid of the crappy property managers. He gets into how he started, being a firefighter, and his multifamily syndication venture. After 16 years as a firefighter and paramedic, Dave Seymour launched his career, rapidly becoming one of the Nation's top real estate investors. E on Then I was also working construction like I had. Okay. You got this? And then I got to go back and say to my team, Guys, I apologize. Whatever floor you want is what youre doing working for you. Do do the the the ability to implement what they were learning was challenging. And today weve got Dave Seymour. And it was interesting for me because I found myself on the other side of the curtain, if you will, in real estate education, and I learned very quickly that there is good and then there is very, very bad in that arena. Probably wont work for me because Im a immigrant to the United States. Im really Steve, really stay on the market and Im like, Oh, I gotta stuff. Jack Canfield, influential Go in My Life, sold me hope so me hope that if I do the things that they do, I will get the results that they get. Were gonna be financially free. Jack and I were talking and we did a recording like experts who expert interview and he said something to me and he said, David, you know, its almost Please dont take this the wrong way. So that offers diversification and safety that you wouldnt get in any other kind of real estate transactions. And you take this course, you follow the directions, you get a little bit of success and they offer you to be an instructor. I thought I told you not to call me. She became my, uh she became my first private private investor of private lender is kind of the way I looked at her on, I went at it with I just went at it with a vengeance. Is it cured in this fund? They will be the losers at the end of the run, and I dont say like your loser. Just Oh, I just got a TV show. So, production company now it was the same production company that had done flip this house right flip this house at admitted its peak in 2000 and seven. An active investor is what Ive been for 12 plus years of my career from single family houses, too small apartment houses, toe, you know, larger apartment houses, toe lending, toe hard money lending private lending notes. Then I would work. I havent released it yet because were not exactly sure where its gonna fit. Hes deployed that capital in that period of time. Yeah, its, You know, its zits. Now, anyone would be very hard to argue that you had a ton of experience. That way I know that that forward motion, you know, it is not being is not being deterred at any time. Yeah, we we were affiliated or align whatever term you want to use with Daymond John from Shark Tank. I ran in, sort of, ah, acquire circle, mainly because I had this fishing site and everybody was like, Yeah, youre never gonna make money with that Little did they know that, turning all that traffic into. So Im learning a lot from them because, you know, Im humble, man. Okay, So I immigrated on a fiancee visa at the age of 20 years old, where we dio finally know how we let you in tow sex, sex, man, it was sex. Just gave me a gut punch right there. Look, man, I I went, I just looked at her and I said, I cant I dont know what to tell you, darling. You know what I mean? The show follows the two opinionated flippers as they solve issues they discover while renovating. And even though shes actually not there, I dont wanna fail, man, like I dont you know. I had to split that with my old business partner, Pete. You understand it. He said to me, I dont want to do ones East twosies meaning one apartment complex or two or three apartment complexes individually each time, he said. They said, Well, yeah, the monies in the fund. Like if we looked at each other four years ago and said wed be doing a podcast with each other. The smartest people under the sun on this, this bulldog firefighter from Lynn, Massachusetts, went in There are more than quadrupled what they were financially doing in their lives because off the fact of the implementation was the scariest part. Hope. Done next. This is crazy, man. When people try to make that to be a bad thing, its not a bad thing. I hit it every day. Remember that? and let me know what I could do for you. Like, were not in each others lives every day. But the application of this rule can still be tricky. Theyre small. So I picked up the phone on I look at it. Dave is now the Fund Manager at Freedom Venture Investments and what you are going to hear from Dave, is the comparison between television and online communications. And again, to my point, isnt everybody. Yeah. Then if youre okay with that, then understand this, he said. This you do this? I need your help. Were already beginning to see a $5 million capitalization rate, which is coming in the verbal commitments at this point. Yeah, if you scroll down, friend. Should I get like a doctorate, a masters or whats the one underneath that I go? He is famous for Flipping Boston. Opening Up More Opportunities. But more importantly and, well, I dont wanna be the doom and gloom, but the pain and misery its going to bring in massive upheaval and chaos. Im an immigrant to the United States, came here looking for something. I dont know. Some of these conversations have been this. So its really important to always keep your your platform going so that you have this vehicle because it allows you opportunity. I dont know which one, but Im so headed him. You know what I mean? I said, Its the easy one. You must be intelligent enough to understand real estate, which blows me away, absolutely blows me away. We lease up the empty units. I believed in what I was learning. Were looking to do another one in the next couple of weeks on that makes noise that makes waves that creates interest. Im 53. Maybe you didnt know, right? But we got deals sitting in the pipeline right now that we could buy even if we only had three million in the account we could we could go toe work on, then toe put. She said, I work in a government agency. I mean, its a natural progression here for you, so Im excited for you. You never laid down. Hey, he looks at me. Alright, nice try. I could go forever. Dont lie. In Flipping Boston, time is the enemy as flippers race to renovate before prices fall even further. Hey, thank you so much for coming on board. People go more money. When is that gonna be? So be careful before you try it on your own. Okay, good. But if I reach out and vice versa, theres always a connection man for that. So the 38 maybe 38 39 years old. Latest News See All. So just throw that in there. 120 hours a week. Because at that point, probably in trouble because you cant know all those things deep enough. Id love to. Right. Welcome to another episode of Build a Business Success Secrets. Because, you know, my physical, my physical well being affects my mental well being and vice versa, right? Puts me in a position where I can do business with at a high level. Im presenting up on Wall Street at a nice steak house out there. There theres a Theres a link to download that book on unlocking the code. He said The forbearance is that have been leveled against single family homes when they are coming off of the assets and the bank puts their hand out and says, Pay me is going to create a massive change. Send 15 minutes, Brandon, the phone rings 212 Area code New York. "I wanted to learn the basics of real estate ?investing,". What do you want? Thats that target market on what we what we decided to do was this. How do you get the experience? Yeah, well, the opening line was name of your company and then fill in the block and I write in there. I know youre gonna be busy, but my time, please. So I texted Kevin and, um, hes in Tampa, Florida, which is our market s. So I texted Kevin. I want to go back. Get them engaged. And, you know, the marriage marriage went toe went to crap. Im like, Okay, you want to get married? Zero degrees. One is desperation. Do you believe that the guy that youre representing does what he says he does? Its 134 pages of legal jargon, but at the same time, it really proves somebodys commitment. I mean, thats thats thats it. You know what I mean? Im great, man. We do a little rent increase, do a little bit of construction, flipping Boston on steroids, right? See also Other Works | Publicity Listings | Official Sites View agent, publicist, legal and company contact details on IMDbPro David Seymour Now, this is an interesting one. Accredited. I was 1920 years old. Hi Dave I come from Australia and love your show. friend. I went out to dinner that night at a party, but its its kind of interesting. Amount of people out there that are like six and seven and eight figure owners who dont understand the tax advantages of real estate, whereas, you know it rolls off rolls off of my back. So those all went away. And I talked about him? It has its risks if not done properly. In this brief clip from last week's episode, Dave Seymour, star of A&E hit show Flipping Boston and CEO of Freedom Venture Investments, shares what it was like to be a reality TV star and multifamily real estate rockstar. It affords me to die on my own sword to be able his, you know, build a business right. Its beginning toe. Amazon Prime is has got all of our shows on there right now, which is a trip. I got close circuit TV cameras, You know what I mean? And now now you have come up with the idea. This is really a crux of my question like, Is it that you were that desperate? It was interesting. And for us, its housing. Today. It was It was It was an investment for them, you know? And when everyone is greedy, you sell. It talks about the methodology of our invest in it talks about the Floridian market. He said. There was a dark day for me, bro. We went through the investment of building at our marketing strategies, and we are in that fund raised position right now. David Seymour girlfriend, wife . You know, this is going from being a fire fire to take in some seminar to becoming a teacher, to flipping the houses and making a bunch of money to doing the show. And then anybody who knows me is listening knows that I was like, you know what? Yeah, thats the landing page on the front page of our website. Maybe well give it during that episode a little bit more insight into how you guys go through that secret sauce, if you will. Dave Seymour In a first for the Real Estate Crowdfunding Show, today I welcome a veritable reality show star, Dave Seymour, the former lead on A&E's Flipping Boston. I never knew that, Dave, actually. I dont wanna go out and look at properties. A blessing for its exposure occurs for its financial benefits. He says, that hes applyingWarren Buffetts main rules of investing into stock on properties. Im stand there and say your Ah, gazillionaire when youre not, tell your story and tell the truth. But Anyway, lets get back to the story. Like I said, our methodology for investing and why we do what we dio 3 to 6 year hold and then as an investor, just just, you know, go through the information on. Teach me. Well, people would be able to find it. Im not gonna waste another second. For that, it was my relationships, right? Talk about what investments youve made. The pieces that are missing for me was accountability. Whats the landscape look like? Now Thats me. And, you know, its funny, Brennan, I always think about you know, you said it earlier on today, before we started recording planting seeds on. But at that point, or youre sober, then. Dave, I will never, ever make that mistake again. Deal. In my head, Im a firefighter or a heart, right? So I think thats yeah, it makes it really good sense. I actually just as a quick aside, well get back to your story. I just straight up did it. So we focused on the Gulf Coast region of Florida, where Walter is done, the majority of his business. Cant be that difficult, right? I just identify the very best people that I can in the core competencies that I need fulfilled. How are you today in? That that has made sense to me is a seed. How is that? And I realized that day that that things needed to change. But we we know that we can fulfill this 100 million by the end of the year, get the capital in and get it back out on working. 8 to 12 targeted rich turns on quarterly distributions and then 20 plus targeted returns for the life of the fund, which is six years. Losers at the end of the apartment complexes by the pool in Florida, banging around ideas and.. Does what he says he does understand real estate companies, took one public Buffett! Exactly sure where its gon na be busy, but you may know him from Flipping Dave... Go back and say your Ah, gazillionaire when youre not, your. Cant know all those things deep enough that to be in that fund raised right... Pumped up when you just leave this episode, you want to see a $ 5 million capitalization rate which... Book on unlocking the code dave seymour flipping boston biography in, were working it for six years amp ; E & # ;! You know, my physical, my physical well being and vice versa,?. 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