Matthew Sullivan is the CEO and founder of QuantumRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. This new financing tool is not a HELOC, it's not a loan, and it's not a reverse mortgage. That means homeowners can get cash from their equity with no interest and no monthly payments.
He and his team have helped over 100 homeowners use their home equity to pay off expensive credit cards, remodel their home, pay college tuition fees, or to diversify into other investments all without taking on extra debt.
If you want to know about this relatively new way of getting dead equity out of your home then this episode is for you.
For today’s episode we will cover:
[00:00 – 9:12] Opening Segment.
- Getting to know Matthew Sullivan.
- The adventure to crowd venturing.
[9:12 – 17:50] The chance to cast a wider net.
- How technology will be the new wave of real estate.
- What is house rich and cash poor?
[17:50 – 22:33] The opportunity of Home Equity Agreements.
- When the Home Equity agreement started.
- Capitalizing on block chain technology.
[22:33 – 30:55] Protection by lean on title.
- Unlocking the dead equity.
- The difference between a loan.
[30:55 – 38:30] The risks of Home Equity Agreements.
- Selecting the properties to implement this strategy.
- The client's downside risks.
[38:30 – 44:01] The Psychology of home ownership.
- What if homes didn’t gain appreciation during covid?
- Debt related problems.
- Using your house as an ATM.
- What if the owner doesn’t want to sell.
- Being the deal expert when talking to investors.
- The challenges during raising the equity.
[44:01 – 51:35] Final Questions For Matthew Sullivan.
- Cleaning the title.
- How the owner has no upfront cost.
- This isn’t a repeat of the disaster of ‘07 – ‘08.
- Navigating through uncharted waters to make good operators in great ones.
- How to get people to stay in your property.
- Assessing your risk tolerance.
[51:35 – 53:24] Closing segment
- The various ways to become a better investor.
- Knowing your strengths and weaknesses.
- Final words from everyone
Tweetable Quotes:
What’s bad for the homeowner is bad for us. That’s why this is a much more friendly deal than a loan would ever be – Matthew Sullivan
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