In this episode of the Traversing Entrepreneurship podcast, Derek Dall’Olmo interviews Matt Theriault, the CEO and founder of Epic Real Estate. Matt shares his journey from the music industry to real estate, highlighting the challenges he faced and the valuable lessons he learned. He discusses creative financing strategies, the importance of finding profitable deals, and how to build wealth through real estate investment. Matt also explains the transition to turnkey real estate investments and how these can simplify the process for investors.
Throughout the episode, Matt and Derek cover key aspects of entrepreneurship and real estate, including the significance of legacy, the shift from employee to business owner, and how to set expectations with investors. They also touch on the strategies for making real estate a reliable source of passive income and preserving wealth in the long term. Matt offers practical advice for new investors, emphasizing the importance of understanding market trends and learning from mistakes.
Key Takeaways:
- Real estate is a proven path for creating wealth.
- Creative financing can open doors to property acquisition without initial capital.
- Networking and building a strong reputation are key to attracting opportunities.
- Turnkey investments are a powerful way to simplify real estate investing.
- Wealth preservation strategies are essential for long-term financial success.
- The BRRRR strategy is an effective tool for growing wealth.
- Passive income through real estate requires thoughtful management and planning.
- Setting clear expectations with investors ensures smooth transactions.
- Real estate is fundamentally a people-driven business that thrives on relationships.
This episode provides valuable insights into how real estate investment can lead to financial freedom and long-term wealth creation. Matt’s experience and strategies are a great resource for anyone looking to succeed in the real estate market.
Chapters:
00:00 – Introduction to Entrepreneurship and Real Estate
01:07 – Matt Theriault’s Journey from Music to Real Estate
08:06 – The Turning Point: Discovering Real Estate as Wealth Creation
10:48 – Creative Financing: Acquiring Properties Without Capital
12:04 – The First Deal: Learning by Doing
20:34 – The Second Deal: Building Reputation and Partnerships
27:55 – Transitioning to Turnkey Real Estate Investments
30:03 – Wealth Preservation Strategies in Real Estate
31:41 – The Importance of Legacy in Real Estate Investment
34:06 – Breaking the Cycle: From Employee to Entrepreneur
38:36 – Learning from Mistakes: The Value of Experience
39:32 – Regrets and Lessons: The Bigger Deals
44:43 – Setting Expectations with Investors
47:37 – Making Real Estate Passive Income
52:39 – Advice for Novice Real Estate Investors
Connect with Matt:
Email: matt@epicrealestate.com
Website: EpicRealEstate.com
About TreMonte and Traversing Entrepreneurship Podcast
Traversing Entrepreneurship is a show for and about business owners in Traverse City, Michigan and beyond. In each episode, co-hosts Derek Dall’Olmo and Melissa Niedzielski sit down with local business owners and the professionals who serve them to talk about business building, life, money, taxes, family — and all the ups and downs that come with doing something different. Join us to hear their stories and lessons learned — and to get inspired about what might be possible in your own business.
Derek and Melissa work together at TreMonte Financial Consultants, LLC and TreMonte TreMonte Tax Solutions, LLC (together referred to as “TreMonte”). TreMonte works with business owners and entrepreneurs to develop a proactive tax strategy that maximizes after-tax profits. It is TreMonte’s goal to bridge the gap between Financial Advisors and Accountants by serving as CFO to their clients.
This show is for informational purposes only and should not be viewed as personalized financial, investment, tax, or legal advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation.
Please email Derek Dall’Olmo at derek@tremontefinancial.com with questions and comments or to schedule a one-on-one conversation.
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