None of us start out knowing everything there is to know about a given topic. We get where we want to be by learning, and the best way to learn is from someone who’s already doing it. Fort Collins agent and investor Patrick Soukup knows firsthand the power of these mentorships, thanks to the people who have helped him along his real estate investing journey.
- Listen to the podcast “#446: How Patrick Soukup Went from Injured College Athlete to Real Estate Entrepreneur” Denver Real Estate Investing Podcast
- Watch the YouTube video.
- Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.
When an injury ended Patrick’s athletic career in college, he wasn’t sure what would come next. Luckily, he had a friend in a similar position whose dad was there to give them guidance. He took them out to dinner and told them that just because their athletic careers were over didn’t mean their lives were, too. He helped them get started in real estate investing by setting them up with their first fix and flip. They each netted $6K and Patrick was sold.
From there, Patrick turned to another real estate guru for guidance—his uncle. Back in the 1980s, his uncle bought a lot of property in Fort Collins, so he had Patrick start working for him as a leasing agent. Patrick learned the ins and outs of managing properties and worked his way up over the next decade. Now, Patrick runs his own brokerage and continues to invest, adding 1-2 units to his portfolio every year–he currently has $3MM in equity! Learn more about his journey and what advice he has for anyone who wants to follow this path.
To connect with Patrick, shoot him an email at [email protected].
In This Episode We Covered
- Many Colorado property owners are sitting on a goldmine of equity. What’s the best way to tap into this equity?
- Why being patient, if not a little boring, can pay off when you purchase buy and hold investment properties.
- Fort Collins has changed a lot since Patrick started investing, and today this dynamic city has a lot to offer investors.
- Is out of state real estate investing a good idea? Knowing the ins and outs of your local market is invaluable, but there can be great benefits to investing in other areas, too.
- The benefits of mentorships and masterminds in real estate and other areas of business or life.
Links from the Episode
- Soukup Real Estate Services
- Living in Fort Collins Colorado YouTube Channel
- Patrick’s Instagram
- Property Llama Portfolio Analysis
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