Episode 11: From Broke College Student to $50 Million Portfolio by Age 24
David Toupin has always been entrepreneurial at heart beginning at a young age. While he was in high school, he started a landscaping business, but he always had a yearning to get into real estate. He thought he needed to get a high paying job in order to save up enough money to get into real estate so he worked hard in school and attained some high power internships in investment banking and consulting. While interning, he fortuitously was introduced to podcasts where he soon discovered he could go into real estate investing full-time without needing a full-time job. Ultimately, he decided to forego full-time six-figure job offers (Yes, you can earn six-figures as a fresh undergraduate in investment banking.) and went full-time into real estate in his junior year. In this episode, David shares with us a number of challenges he faced and how he went from a broke college student to a $50 million multifamily portfolio by age 24.
David Toupin is the co-founder of Obsidian Capital, an Austin Texas-based real estate investment firm. David started investing at the age of 19 in Michigan where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree, David had acquired $7M in multifamily real estate holdings. By the age of 24 years old, David has acted as a key principal with over $50M in real estate holdings and has raised north of $10M in capital.
Piece of advice for new people:
Find a mentor, someone that is doing what you want to do and learn from them. Add value to others.
Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor by George H. Ross
2. Never Split the Difference
3. Rich Dad, Poor Dad
Dion Huey is a Co-founder at Delta Bridge Capital LLC which is a multifamily real estate investment company that invests in value-add apartment communities in the United States. He earned a master's degree in finance at Northeastern University in 2017 and worked on multiple business syndications as a financial analyst for Boston-based Plateau Asset Management which is a private equity search fund that has $30 million AUM. In 2017, Dion was an analyst on a deal team that advised Citic Investment Bank's Hong Kong private equity division on the syndication of a $1.5 billion acquisition of a hotel in New York. He is currently the host of The Multifamily Investor Situation Room Podcast.
In 2010 he co-founded Rocky Mountain Education and Technology Group which is a Beijing-based education services company that has serviced more than 5,000 clients. In his spare time, Dion enjoys reading, martial arts, lifting, and learning foreign languages. Contact the author at firstname.lastname@example.org.