Don't Fear the Zeros: How Matt Theriault Built His Real Estate Empire From Scratch
Feb 27, 2024
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From starting in the music industry to building a 350+ unit real estate portfolio, Matt shares insights on overcoming fear in real estate investing. He emphasizes the importance of tackling challenges with creativity and critical thinking, showcasing the same effort is needed for big and small deals. Matt's journey is inspiring, packed with practical advice for lifelong learners in the real estate field.
Finding the right professionals in real estate investing is crucial for success, requiring specialized knowledge and understanding of the industry.
Matt Theriault's journey from the music industry to real estate investing showcases creative acquisition strategies for building a 350+ unit portfolio.
Balancing education and real estate transactions can be challenging, but structuring time effectively with group coaching and designated days yields success.
Overcoming the fear of large deals by not fearing zeros and realizing effort remains constant, empowering pursuit of lucrative opportunities.
Deep dives
Creating Professional Directories for Land Investing Professionals
Finding the right professionals in the land investing business, such as real estate agents, accountants, or title companies specialized in this field, can be crucial for success. The lack of specialized professionals can make it challenging to find the best ones who truly understand the industry. To address this issue, a platform was created on retipster.com for community members to submit and curate directories of these professionals. These directories cover various aspects like finding investor-friendly title companies or specialized real estate agents by state and specialty, providing essential contact information and links to their websites.
Transition to Real Estate Investing Journey
The podcast episode features a conversation with Matt Terrio, sharing his transition from the music industry to real estate investing and content creation. Matt's journey began after experiencing setbacks in the music business, leading him to explore real estate for wealth creation opportunities. Over a span of approximately four years, Matt built a robust portfolio of over 350 units through creative acquisition strategies, emphasizing seller financing, subject-to deals, and private money lending to achieve success in real estate investing.
Balancing Education and Real Estate Transactions
Matt's journey included a pivot towards education in real estate investing, driven by a desire for passive income streams. However, juggling coaching and real estate transactions posed time management challenges initially. Through transitioning to a group coaching structure and designated coaching days, Matt successfully balanced his education commitments while freeing up time for real estate transactions. This structured approach allowed Matt to efficiently manage coaching commitments and continue actively engaging in real estate investing.
Overcoming Fear of Scaling and Dealing with Zeros
An essential lesson Matt highlighted was the importance of overcoming the fear associated with larger deals and embracing scaling opportunities. Reflecting on past experiences, he emphasized the concept of 'not being afraid of the zeros,' highlighting that the effort put into a deal remains consistent regardless of the deal size. This mindset shift enabled Matt to approach high-value transactions with confidence, recognizing that the potential profits aligned with the effort exerted rather than the deal size itself, ultimately empowering him to pursue lucrative opportunities without fear of larger numbers.
Fear of Not Buying Enough Real Estate
The speaker expresses a fear of not being able to buy enough real estate, driven by concerns about the value of the dollar, inflation, and potential economic shifts. The fear stems from the belief that controlling more real estate assets provides a secure investment against currency devaluation or changes, ensuring stability in asset value even in uncertain economic scenarios.
Adapting to Affiliate Marketing
If unable to continue with real estate investing, the speaker envisions transitioning into affiliate marketing due to proficiency in marketing. This career switch offers flexibility and the ability to target trending markets efficiently, reflecting an inclination towards adapting marketing skills to different industries.
Desire to be a Marine Biologist or Researcher
In a scenario with unlimited funds and a career change restriction, the speaker expresses a childhood dream of becoming a dolphin trainer at SeaWorld, indicating a passion for marine biology or marine research. This interest extends to fields like marine biology or research, influenced by admiration for shows like those featuring marine researchers engaging in global explorations and scientific endeavors.
178: I had the awesome opportunity to sit down with Matt Theriault. I've been following Matt's journey for quite a while, and let me tell you, his insights on real estate investing are seriously mind-blowing.
Matt has a knack for tackling challenges with a unique blend of creativity and critical thinking. From his early days in the music business to bagging groceries at 34 to building a 350+ unit real estate portfolio, Matt stresses the importance of overcoming the fear of large numbers and recognizing that a one-million-dollar deal takes the same work as a smaller one.
Matt's experiences, ups and downs, and approach to problem-solving are inspiring and packed with sensible tips. If you're a lifelong learner and value practical advice, you don't want to miss this episode.
