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CRE ClarityAuthor: Jeremy Goodrich
All successful commercial real estate investors have one thing in common, they make smart decisions quickly. In other words, they have clarity. This show is all about building that foundation for you. We ask the best investors in the business how they make decisions, how they manage risk, and how they've built their best systems and business plans. If you're a member of a GP team, CRE Clarity starts here. Language: en Genres: Business, Education, How To, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Entering A Multifamily Resurgence, with Matthias Wilson
Episode 173
Tuesday, 22 October, 2024
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Matthias Wilson, a military veteran turned multifamily syndicator. In this episode, we discuss how Matthias made the leap from being an Air Force pilot to acquiring millions of dollars in real estate, the steps to transition from single-family to multifamily investing, and how to maximize the potential of a value-add property. Join us and get inspired! Learn more about Matthias and his story at creclarity.com! “The growth is just exponential now that I don't have the day job distracted me from my passion.” 01:00 Matthias began his career in the Air Force, where he flew C-130s for 14 years. He always had an interest in investing and bought his first 8-unit property in 2016, completing his first syndication the following year, in 2017. After experiencing significant success in real estate, he left the Air Force two years ago to fully dedicate his time and energy to his passion: real estate. Matthias discusses the skills he gained in the military that have helped him in his real estate career. He learned discipline, how to be self-taught, and the importance of being a strong team player. “I'm comfortable with the risks that I take, but I'm uncomfortable with taking risks with other people's money.” 10:00 Matthias emphasizes that the most important factors for a successful deal are proper due diligence and teamwork. For new investors, it’s crucial to build a team that includes experienced members to help establish the necessary processes. Throughout his career, Matthias transitioned from single-family homes to syndications. He shares how his mindset shifted during this transition, particularly in how he approaches risk. When working with investors’ money, he is much more conservative in his risk assessments than when using his own. He observed a slowdown in the industry during 2022-2023, but by the end of 2024, he sees new opportunities emerging in the market that underwrite well. However, he notes that this window of opportunity may begin to close by the end of 2025. “The best way to do value add is to know your market.” 32:45 At the end of the episode, Matthias explains how to get started in value-add multifamily investing. He prefers B-class properties. He emphasizes that the key is understanding the market and rental trends. He also highlights the importance of having a management team with the experience to execute your vision. About our Guest, Matthias Wilson Matthias bought his first investment home for $65,000. The next year, he purchased two more, and the following year, he acquired his first apartment complex. He soon recognized the power of building a network and a team. Since then, Matthias has raised over $5,000,000 in investor funds to acquire multifamily properties now valued at over $14,000,000. All of his investors are passive, meaning they build generational wealth while focusing on their own pursuits! Matthias now dedicates his time and energy to providing those same great returns and opportunities to as many investors as possible. He works with investors who can invest as little as $5,000, all the way up to multi-million dollar investments. If you're interested in learning more about his future opportunities, reach out to him to discuss your goals! Mentioned in the show: His LinkedIn www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Matthias Wilson for taking the time to share so many great insights with us If you enjoyed this podcast, there’s a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening.
