Let’s dig into passive real estate investing! Our guest is Matt Picheny, a real estate investor with thousands of doors and author of the best-selling book: Backstage Guide to Real Estate. In this episode, we talk about what to look out for in a sponsor, how to find the right market, and how to evaluate a good deal.
If you want to be a passive investor and learn more about underwriting, then we guarantee that this episode will help you!
Learn more about Matt and his journey at reiclarity.com!
“You should invest in things that you know and love.”
Matt is an investor with a huge portfolio. He’s passively invested in about 6000 doors and an active investor in 2300. According to him, real estate is relatively low risk with a potential of high reward. The key to mitigating the risk is to properly underwrite the property.
Matt believes that people should invest in things that they know. He was an actor for 5 years so he also invests in Broadway.
“Never put more than 5% of your net worth into any single deal.”
Matt wrote a book called Backstage Guide to Real Estate where he shares his tips and tricks on passively investing in real estate.
He explains the 3 key aspects of a deal that should be evaluated and underwritten.
Mentioned in the show:
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Until the next time, We truly appreciate you listening.
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