129 - Matt Theriault - Changing strategies in this market

YouTube Link: https://youtu.be/SkY5izkbkoQArticle Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed.We just completed the last deal for an Mobile home park. Which is a little different than apartments.Please leave an iTunes review - Help fight negative one-star reviewEarning $30,000/mo through single-family homes and seller-financed notes.Epic Real Estate started selling turnkey properties in 2009. Built successful portfolio, but returns lowering. However, real estate always a good purchase to buy and hold long-term.Amortization, depreciation, appreciation, and leverage (wealth multiplier) all make real estate investing attractive.Focusing more on lease options now for C- and D-class properties to rent properties and eventually sell them to tenant.Went from 7-figure year as a musician to bankrupt at 34. Found real estate mentor at grocery store and life changed.Real estate is the final frontier for the average person to have a legitimate shot a creating wealth.Paid $22,000 for mentorship in 2006. Everyone thought it was insane, but helped him get started.People who made it were ready for it. "Move faster than your doubts."Find the deal first and then the money will find you.Authored book "Do Over" that chronicled struggles and how he built his real estate empire.Be intentional with who you surround yourself with. Peer pressure works.Always be looking for a coach and outgrow them. Results accelerator.Spends $100,000/year on masterminds - worth being around the right people of doers.Goal was to increase passive income and decrease expenses. In 4 years became "retired," but wants to be wealthy; not just financially independent.Bookkeeper should be the first role you should outsource. Transaction coordinators and marketing person also helpful.Hardest part of the business is to find the deal and get into contract. Visit www.epicrealestateinvesting.com to check out the Epic Real Estate Investing Podcast. Hosted on Acast. See acast.com/privacy for more information.