Multifamily Investing with Strategic Partnerships with Will Matheson - Episode #241

It's all about multi-family, money lending in this market cycle and real estate in today’s episode with Will Matheson, a multifamily subject matter expert investor, managing partner and co-founder of Matheson Capital. ​Before starting Matheson Capital, Will Matheson and his twin brother Evan were nearing the completion of their Masters in Real Estate Development program at Columbia University in late 2017. During this time, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was part of a successful team in the region. They faced a crucial decision: either follow the traditional corporate path or start their own company. Despite having little experience, no proven track record, and limited funds, they took a risk and chose to establish their own company. With their focus on smaller properties that needed improvement and short-term investments, Matheson Capital made several successful acquisitions in the multifamily and student housing sectors over the next five years, amounting to a value of over $100 million.In this episode, Will Matheson shares valuable insights on various subjects. He discusses the significance of having the right mindset, highlights the best opportunities for lending money, shares his experiences in raising capital and determining interest rates. He also talks about his remarkable achievement of raising $1 million at the age of 23 and emphasizes the importance of building a strong track record through strategic acquisitions. Will delves into the topic of partnerships and attracting new investors, while also explaining how to effectively communicate investment structures. He offers insights on structuring deals for larger projects and explains why opting for a floating interest rate can be advantageous. Additionally, he provides guidance on dealing with distressed deals and shares his exciting plans for the future. If you're into multifamily or real estate you cannot miss this episode. Join us, tune in and gain valuable knowledge and inspiration from Will Matheson's experiences in the real estate industry!HIGHLIGHTS OF THE EPISODE:23:40 Will talks about starting small and raising money from your closest networks31:35 Will talks about the timeline for buying and selling small properties efficientlyKEEPING IT REAL:06:33 The mindset08:37 Level of foundation at Marcus and Millichap10:39 Deciding which deals to lend money to12:50 The process of raising capital and interest rates18:28 What started the first deal22:31 Raising a million dollars at 2326:16 Building a track record and strategic acquisitions27:48 Partnerships and inviting new investors31:01 Type of assets bought before35:34 Growing an asset vs living off of the model38:03 Communicating the structure to an investor46:30 Structure for bigger deals53:10 Financing and where we are now59:45 Why take a floating rate01:04:17 What an operator should do with distressed assets01:06:39 Foot on the gas or brakes and products to look for in the marketplace01:10:06 Where to take things nextNOTABLE QUOTE (KEY LESSONS):25:01 “Go to the network that's closest to you when you're starting because it's not that no one wants proof of concept, but the people you're closest to you have the most credibility with, they're gonna wanna see you succeed.” - Will MathesonCONNECTING WITH THE GUESTWebsite: https://www.mathcap.com/Linkedin: https://www.linkedin.com/in/wlmatheson/Facebook: https://m.facebook.com/profile.php?id=100075788478531&_rdr#Multifamily #Moneylending #Growth #Shortterminvestments