Ep. 65 Turning a $20 Million Loss into a Thriving Business with Damion Lupo
Channel: RE Social Podcast by AnVi Investments 
Date: 25/03/2024

Welcome to the RE Social Podcast, your source for real estate investing tips! In the episode, host Vince talk with guest Damion Lupo, an entrepreneur who has started over 70 companies, primarily in real estate investing. 

Damion shares his journey of going from a $20 million net worth to being $5 million in debt and homeless within a year due to the 2008 financial crisis. This experience led him to reevaluate his life's purpose, shifting his focus to helping people with retirement planning and working on impactful projects. He discusses FrameTec, his construction technology company, which aims to revolutionize the building process with a manufacturing facility that can frame houses and apartments in two weeks with minimal waste. 

Damion also talks about the financial aspects of Frame Tech, including investment opportunities, expected returns, and the risks involved. The episode concludes with a discussion on the potential for selling the project or forming partnerships.

Key Takeaways
00:00 Who is Damion Lupo
2:48 Learning experience 2008
7:32 Recovery and Finding Purpose
12:38 Timeline
16:18 Efficient Manufacturing Process 
20:58 Manufactured home
24:03 Frametec
32:09 Splitting Equity
35:46 Value Creation and Potential Returns
38:40 Risks and Financing Strategy
43:54 Per-Home Profit
46:56 Contact Information

Quotes
"It was a really humbling experience, and I think I needed it to get my ego in check and to really ask better questions like, 'Why am I doing this? Why am I here?' Not just, 'Hey, let's go make some more money.'" 1:53
"A lot of that has to do with the fact that people don't have resources, and they're too scared. Instead of taking chances or taking risks or moving forward, they sit idle and just hope it'll all work out, waiting for the thing to happen that will make life perfect." 10:00
"You can predict the exact day you're going to have a framed house. This predictability saves time and money, and eliminates massive delays." 18:33
"Frametec is all about everybody winning together. If there's a loser, we're out. We believe in fair opportunities that impact everyone positively." 28:20
"What's really fun is that you can come and see it, you can put your hands on it... you can actually understand what investing in something that's being built is." 31:28

Resources and Links
Reinvented Life Book https://www.amazon.com/Reinvented-Life-Damion-S-Lupo/dp/0976475464 
FrameTec https://www.frametec.com 

Connect with Damion
Youtube https://www.youtube.com/c/DamionLupo 
Twitter https://twitter.com/damionlupo 
LinkedIn https://www.linkedin.com/in/damionlupo/ 
Website https://damionlupo.com 
https://eqrp.com/founder/ 
https://www.vitruvianventures.com 

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