From Blue-Collar Worker to Successful Real Estate Investor with Dave Seymour

Breaking Resistance The Jalal Azar Podcast

Hosts John Azar and Francisco Herrera sit down with Dave Seymour, a successful real estate investor who has come a long way since his humble beginnings in England. Dave shares his inspiring story of overcoming the odds and finding success in America, discussing how he had to adjust to a new culture and learn to navigate the white-collar world as a blue-collar guy. He talks about how his parents were technicians for heat and air conditioning, and his mother was also a secretary at a bank. Through sheer perseverance and hard work, Dave was able to realize his potential wealth in real estate investments. He credits his wife Mary Beth for being the rock that supported him throughout this process. The conversation highlights the power of permission and how it can help people achieve success. It emphasizes the need for informed and disciplined decisions when investing in real estate, as well as staying ahead of market cycles and opportunities while taking past experiences into account. Dave also stresses the importance of remaining humble throughout your journey.

[00:01 - 14:26] Opening Segment

• Welcoming Dave to the show
• Dave’s background and career
• Dave’s story from being a firefighter to a real estate investor
• The concepts of Rich Dad Poor Dad
• Dave’s financial mistakes due to ignorance

[14:27 - 26:57] Creating a Home for Someone: The Power of Permission and Real Estate Investing

• The importance of realizing the passion for what you do
• Creating homes for people and seeing their appreciation
• The focus on potential clients has grown as the business has grown
• The secret to success is getting a great deal, funding it, working it, repositioning it, and selling it
• Staying disciplined is the only way to consistently stay ahead in this business
• Mistakes can be costly due to the current market conditions

[26:58 - 45:38] Doubling Down on Due Diligence: How to Stress Test Deals in an Inflationary Landscape

• Stress testing deals to ensure the break-even point
• Learning from experience and not assuming you know everything
• Working on projects to solve the workforce housing problem
• Building for yield rather than chasing it in the marketplace
• Creating a mastermind group of select few individuals called the Titans Table
  • Sharing experiences, deals, business, and ideas
  • Ideation of deals and experiences that may not have been seen before

[45:39 - 48:05] Closing Segment

• See the links below to connect with Dave
• Final words

Quotes:

"My wife is the rock that I get to stand on so I can look cool." - Dave Seymour

"It wasn't necessarily just the beauty of creating a home for somebody. It was how they felt about the home we had created for them." - Dave Seymour

"You're only as good as your last decision. You're only as good as your last deal." - Dave Seymour

"There's nothing more dangerous than that investor/realtor/syndicator/fund operator who says 'I've seen everything.'” - Dave Seymour

Connect with Dave through [e-mail], or visit www.FreedomVenture.com.

Know more about John and Francisco by visiting www.Peak15Cap.com. Also follow them on Facebook, Instagram, and LinkedIn.