Accelerated Real Estate Investor 297: Producing Passive Income for Financial Independence with Matt Picheny
When you’re new to the world of real estate, things can feel very overwhelming. Accessing information that’s both good and easy to understand can be a major challenge–and a bad deal can have serious consequences.
Today’s guest has helped a lot of people get their feet wet and find great first deals. Matt Picheny is an investor in 10,000 units of apartments as both a sponsor and general partner and as a limited partner. He has a real passion for the arts, and he even invests in Broadway shows. He’s also the author of Backstage Guide to Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Toward Positive Change. In it, he gives his reader the “backstage tour” of the real estate business, sharing trustworthy advice from his unique perspective.
In this conversation, you’ll learn all about the investing meetups that inspired Matt’s book, the concepts he shares with anyone looking to start creating passive income, and how to find your ‘why’ on your journey to financial independence.
Key Takeaways with Matt Picheny
- How the concept behind Matt’s book started as a meet-up.
- What Matt did to invest in over 10,000 apartment units and achieve financial independence.
- The 18 keystone concepts that drive Matt’s investing decisions.
- Why you’ll never lose money–unless you have to sell.
- The specific concepts–or “backstage toolboxes”–Matt uses when underwriting deals.
- Matt’s four fungible factors for underwriting.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/297
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