Episode 13: Show Notes.
Today, our guest is Dan Kennedy. Dan knew from an early age that he wanted to be involved in real estate. He played professional soccer and used the money he made from it to invest in single-family homes.
Dan went to business school at the USC Marshall School of Business in 2016. He learned about syndications and met his now business partner, Matt Shamus. He started investing as an LP because he had young kids, studied and worked full time, and operated single-family homes. Then, as Dan and Matt wrapped up business school, they sold all their single-family units and started Driven Capital Partners. They continue to scale their business based on relationships and trust. Listen now to his incredible story!
Key Points from This Episode:
“Commercial real estate wealth is not created overnight, it's created over a very long period of time, typically, and so you shouldn't have money that's burning a hole in your pocket. You should have a strategy to deploy that money...” [07:39]
“If I'm gonna go put money to work with somebody that I've never worked with before, I'm not putting all my eggs in one basket, just be cautious.” [00:11:38]
“But real estate is so inefficient. That's what I love about it. So, when I think about the things that could improve the marketplace, I don't want them to happen, you know, because that's where the opportunity is.” [00:14:45]
Links Mentioned in Today's Episode:
About Dan Kennedy
Dan has actively invested in real estate since 2011, focusing on single-family homes in attractive neighborhoods requiring improvements to optimize rents and long-term value. Improvements ranged from cost-effective cosmetic changes to comprehensive property-wide renovations. These improvements combined with improved property management have resulted in five investment properties with strong cash flows in three separate markets across California and Texas. Dan takes pride in managing all construction and property management meticulously. Dan is also an accredited limited partner in a $34 million student housing development project in downtown Los Angeles.
Dan recently retired from a 12-year professional soccer career where he most recently played for the LA Galaxy. Dan was selected by his peers to represent Major League Soccer players as an Executive Board member for the players association. In this role, he was responsible for Collective Bargaining Agreement negotiations, strategic planning, executive team building, and budget approval. As a former athlete, Dan is passionate about educating all professional athletes on real estate investing and the tremendous benefits of establishing a strong real estate portfolio leading into life after an athletic career.
Dan has an MBA from the USC Marshall School of Business.