Matt Picheny - From Broadway Theater to Passive Investor

Are you ready to start investing but don't know where to start? Get VIP access to the top investment strategies, active and passive, from today's guest, Real Estate Investor, #1 Best-Selling Author, and Tony Award Winner Matt Picheny! Matt went from earning less than $8,000 a year as an actor to generating half a billion dollars of real estate transactions. In just six years, Matt invested in over 10,000 apartments nationwide and helped his own clients amass tens of millions of dollars in profit. He’s also the author of the #1 best-selling book Backstage Guide to Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Towards Positive Change. 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. Matt shares what it was like overcoming his fears and investing in his first passive and active deals, the challenges he faced, and how he was able to apply the things he learned to his business along the way.  He shares how important building a relationship, being persistent, and being educated are to successful investing as well as the three pillars of investing that he uses to generate cash flow and live his life to its fullest. HIGHLIGHTS FROM THE EPISODE 00:00 - Coming up 00:13 - Intro  00:54 - Welcome Matt to the show 01:20 - Matt shares his background  03:24 - How he got into real estate 05:18 - His experience in active investing  07:15 - Working as a property manager 09:25 - Cost segregation study 12:40 - What you should know as an investor  15:17 - First passive investment  21:05 - Investing and purchase strategies  24:51 - Attitude of operators  27:16 - His journey back into the active space 31:02 - Podcast or book recommendations  32:10 - Resources that new investors might find helpful  34:17 - A recent bucket item list that he has checked off 35:30 - Final thoughts  LINKS FROM THE EPISODE Get Matt's Book- The Backstage Guide to Real Estate- https://picheny.com/backstage-guide/ Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail by Ray Dalio- https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276 Matt Linkedin- https://www.linkedin.com/in/picheny/ CONNECT WITH THE GUEST Connect with Matt at www.picheny.com CONNECT WITH THE HOST Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @salesguyinvestor --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/