Matt Picheny is a real estate investor, Tony award winner, and author of the #1 best-selling book: Backstage Guide to Real Estate. He is focused on developing passive income streams that enable investors to write their own story and choose how they want to spend their time.
Matt has over 15 years of experience revitalizing and elevating communities through real estate investment and has invested in over 8,000 apartments nationwide. He is a licensed real estate agent and has earned both Commercial Real Estate & Real Estate Finance certificates from Boston University. Matt is a member of the Forbes Real Estate Council, the Fast Company Executive Board, and is an advisor to a PropTech company.
A PMI certified Project Management Professional, Matt is a digital marketing veteran whose 18-year career in the advertising world included working for some of the world’s largest advertising agencies, producing award-winning projects for Fortune 500 clients including Verizon, IBM, and Coca-Cola.
Matt and his wife have two Tony Awards® as co-Producers of the Broadway shows Moulin Rouge! and American Utopia. They have invested in many other theatrical productions including the iconic musicals Hamilton and Wicked.
A native of Orlando Florida, and a former actor, Matt still believes in happily ever after. He lives with his wife and their two daughters in Brooklyn, New York and in his downtime enjoys long walks on the beach, Broadway, Rock and Roll, and amazing barbecue.
For more information about Matt, please visit picheny.com
For today’s episode we will cover:
[ 00:00 – 10:08] Opening Segment.
- Getting to know Matt Picheny.
- The lightbulb moment for Matt.
- Real Estate as a side hustle.
[ 10:08 – 28:08 ] Scaling up in multi-family through syndication
- How Matt became an accidental house hacker.
- Adjusting from New York to Miami.
- The lightbulb moment to scale up in multi-family.
- How Matt discovered Syndication.
- Learning through doing.
- Matt started doing meet-ups.
- A sneak peak of what the book contains.
- Building the network throughout the journey.
[ 28:08 – 31:44 ] Deeper conversation with Matt
- Learning from your mistakes.
- Education through university and passive investing
- Diversifying your capital especially for passive investors.
- Why communication is important.
[ 31:44 – 42:44 ] The first General Partner Opportunity
- Finding the right partner.
- Going to networking events.
- Going to Kansas City.
- Building connections and reaping the benefits.
- Getting a deal off-market.
- Learning the boundaries of each partner.
[ 42:44 – 45:40 ] Who is this book for
- Should you read this book?
- Targeted to make passive income.
- Where to get the book.
[ 45:40 – 48:55 ] Closing segment
- The power of the mastermind.
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