In today’s show, Pancham interviews David Kamara - Founder, Managing Director, and Investor of Cape Sierra Capital.
David was a traveling management consultant when his 8-year-old daughter asked him, “Are you still going to work tomorrow?”. That one question became a wake-up call for him that changed his life. Now with owning over 200 units and managing a portfolio of investors for almost 400 units, he’s surely on the right path in achieving financial freedom!
In this episode, listen to his journey of financial success as he shares his different professional backgrounds before he finally became a real estate investor. Learn as he will also share the challenges, the dynamic shifts and how he fully transitioned into multifamily investing that made him who he is today!
Listen and enjoy the show!
Quote:
"I really wasn't looking to go out and find money to buy too many deals. We’re just looking to do things for ourselves."
Timestamped Shownotes:
- 1:33 - Pancham introduces David to the show
- 2:29 - His ventures before he became a real estate investor
- 6:03 - How his daughter got him to find financial independence
- 9:22 - On realizing investing is not only a side hustle
- 15:02 - The challenge from transitioning to multifamily investing
- 19:17 - What Cape Sierra Capital prioritizes in deals
- 22:13 - How technical skills can benefit in investing
- 26:51 - How jogging helps with refocusing his mindset
- 29:01 - Taking the Leap Round
- 29:01 - His first business ventures and investments
- 30:11 - Overcoming his fear of uncertainty in investing
- 31:11 - How his multifamily investment got caught on fire (and learning the importance of insurances)
- 34:57 - His overflowing advices to investors
- 37:24 - Where to get his free eBook "The Personal Cash Flow Formula"
3 Key Points:
- Spending quality time with family became his biggest factor to achieve financial independence.
- To have at least a certainty that you’ll get enough returns, diversify and don’t put all your assets in one place.
- Get educated and ask objective questions if you want to start investing. But, don’t simply ask questions but also take action in what you’ve learned so far.
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