S4 EP 270: Multifamily Investing Takes Center State for Matt Picheny

Matt Picheny didn't take the most traditional route to multifamily investing. His career began on the stage when he moved from Orlando to New York to pursue a full time career in acting. As fate would have it, the dot-com crash pushed Matt into his first real estate deal, one that ultimately had a very good return for him. Fast forward to today, and Matt is a successful investor and operator of thousands of apartment units and the author of the Backstage Guide to Real Estate. We were fortunate to have Matt on to share his story, his keys to success and what he thinks about investing in current markets. Key Takeaways: Being able to manage people, budgets and timelines is a skill that works across any industry, whether it's theater or real estate or digital marketing, It's really good for the bottom line to keep your tenants happy and keep them in place. Taking a pragmatic approach to investing is important, but people have been underwriting in a prudent manner things will be fine. Cash flow is king. If you have good cash flow you'll be able to ride out the inevitable dips in the market because the market is cyclical. As long as you can make your debt service payment and have a some cushion, in the long term you'll end up in really good place. How to Contact Matt: Connect with Matt through his website, www.picheny.com. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level with Blue Lake Capital at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices