Real Estate Rookie Building Long-Term Wealth With Just 3 Properties (Less = More!)
Jun 30, 2025
Matthew Morneault, an active duty U.S. Army soldier, transformed from a newbie to a savvy real estate investor with just three properties, one of which nets over $90,000 annually. He shares insights on identifying value-add opportunities and the importance of strategic renovations. Matthew also discusses the benefits of building relationships with local credit unions to secure favorable financing. Plus, discover lesser-known VA loan hacks and how to navigate challenges unique to military investors while building lasting wealth.
AI Snips
Chapters
Books
Transcript
Episode notes
Fixing a Disaster First Home
- Matthew bought a dilapidated house with many issues including a burned half and faulty plumbing.
- He fixed everything himself, learning crucial repair skills and gaining confidence.
Experience Builds Investor Confidence
- Facing and overcoming fears in real estate builds valuable experience no one else has.
- Experience with repairs gives confidence in managing contractors and future problems.
Appreciation Over Time Pays Off
- Matthew owned a new house with a one-year warranty for nine years but made no monthly profit.
- After appreciation and mortgage pay-down, he sold with significant equity and reinvested using military-related tax benefits.
