Trevor Thompson is a passive investor and limited partner in over 14 syndicated deals. He has a unique background developing different types of businesses with over 45 years of exceptional experiences. Trevor didn’t think too much about real estate investing until he had a couple of events that changed his direction from having a corporate career to jumping in the real estate game.
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After he decided to give it a try, Trevor joined a local group in Texas and got attracted to commercial real estate. He is obsessed with learning as much as he can about real estate investing and started looking and connecting with different people. He surely has a lot of experiences and lessons to share that will be of great value to passive investors and operators. Listen now!
Key Points From This Episode:
- Trevor decided to become a passive investor after a private equity fund bought out the company he was working for.
- He found a local group in Texas and joined their mentoring program. Since then, he’s been very passionate about learning things about investing in real estate.
- Trevor started as an LP in 14 different syndications across several asset classes.
- Trevor got attracted to commercial real estate because it felt like he was running a business.
- Later on, he outgrew the group he started with, so he started looking and connecting with different people.
- Right now, Trevor has three mentors that he’s active with.
- Passive investors must find the right sponsor, spend time and connect with them.
- Trevor volunteered as an asset manager and went through some complicated experiences, and yet those experiences became super educational.
- If you’re planning to be a passive investor, it’s crucial to vet the sponsor and look at the property before you invest.
- To be prepared for a downturn, make sure you have enough capex in your original budget.
- Understand how much you have in reserves and check if the plan is realistic.
- Watch out for cookie-cutter placeholders in a deal.
“And one other point too, I want to pass along, that’s very important, so a lot of people were very generous to me as I was coming up in my career and gave me time. And it’s so important to pass that on, the go-giver mentality.” [0:15:14.2]
“The most important thing is for you to spend time and find the right person that is the sponsor of the deal and connect with them.” [0:08:09.8]
“They say the best time to plant a tree is today, so you should get the shade tomorrow. And I waited much too long to start to get into (the real estate game). I would be in a different position right now if I have started earlier.” [0:12:45.0]
Links Mentioned in Today’s Episode:
About 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, 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 takes these skills into his new passion – Real Estate Investing. Over the past few years, he has become deeply passionate about learning about Real Estate Investing. He is an avid learner and is continually connecting with as many like-minded people as he can.
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