1 hr 5 min
Buying $9 Million in Multifamily Apartments on Your Own with Matt Deboth! The Military Millionaire Podcast
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- Investing
Episode: 128
Matt Deboth
Join your hosts, David Pere and Alex Felice, with guest Matt DeBoth as they talk about what cross collateral deals are and how Matt acquires multi-million dollar real estate or multifamily buildings without putting money down.
With deals, Matt works on everything in-house. He's got a management team that handles cleaning the property, raising its rent, occupancy, and conducting the needed tenant relations. Even when he bumps into significant damages, he knows he's got a team lined up waiting.
In this episode, tune in as Matt shares the method he used that helped him achieve nothing else but growth from his first-ever investment of hacking a 20-unit apartment alone – with no partner.
About Matt DeBoth:
Matt DeBoth is a Marine Corps veteran who served from 2003-2011 as Force Recon Marine, deploying to Iraq, Afghanistan, and Africa. Matt purchased a 20-unit apartment complex during his last combat deployment and hacked it upon his exit from the service.
Matt currently invests in the Midwest and owns a portfolio of 142 rental units. Since 2011, he has flipped 25-plus rental units and BRRRRed multi-million dollar apartment buildings, all while using traditional funding from banks.
Recently, Matt has started a full rehab on a 48-unit apartment building located in Des Moines, Iowa. Additionally, he sold his laundromat and began repositioning his portfolio to hold mid-to-large-sized apartment buildings. Working as the general contractor and asset manager for his portfolio, Matt has found his value-add appreciation and creative financing expertise.
Matt currently hosts a local real estate meetup and uses his free time to educate others on real estate investing. Being a part of multiple mastermind groups, reading investment books, and being a podcast buff, Matt views himself as a lifelong student.
Outline of the episode:
[02:40] What is cross-collateralization?
[05:40] Introducing yourself to the tenants of your acquired property.
[12:31] A significant factor people don't realize about multi and single-family acquisitions.
[17:03] On taking risks while you're still young.
[30:23] The plan for 2021.
[35:00] What's going on with BiggerPockets?
[44:27] Personal or business-related, build different goals and stick to them.
[47:25] Be accountable when you set goals.
[49:12] One of the many roles that masterminds play in our lives.
[52:11] Don't do everything on your own – delegate!
[1:02:11] The life hacks side of TikTok; Rising App where Elon and personalities alike talk.
Resources:
BiggerPockets: https://www.biggerpockets.com/blog/contributors/mattdeboth
Instagram: https://www.instagram.com/mattdeboth
Linkedin: https://www.linkedin.com/in/matt-deboth-24077b17a/
Clubhouse App:
https://www.joinclubhouse.com/
Follow our journey:
Blog: https://www.frommilitarytomillionaire.com/
YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/
Facebook: https://www.facebook.com/groups/1735593999901619/
Instagram: https://www.instagram.com/frommilitarytomillionaire/
Sponsor: Our super affordable real estate investing for beginners course! https://www.frommilitarytomillionaire.com/teachable-rei
Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei
Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/
Become an investor: https://www.frommilitarytomillionaire.com/investor/
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SUBSCRIBE: https://bit.ly/2Q3EvfE
-
Website: https://www.frommilitarytomillionaire.com/start-here/
Instagram: https://www.instagram.com/frommilitarytomillionaire/
Facebook: https://www.facebook.com/groups/militarymillionaire/
-
My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The rea
Episode: 128
Matt Deboth
Join your hosts, David Pere and Alex Felice, with guest Matt DeBoth as they talk about what cross collateral deals are and how Matt acquires multi-million dollar real estate or multifamily buildings without putting money down.
With deals, Matt works on everything in-house. He's got a management team that handles cleaning the property, raising its rent, occupancy, and conducting the needed tenant relations. Even when he bumps into significant damages, he knows he's got a team lined up waiting.
In this episode, tune in as Matt shares the method he used that helped him achieve nothing else but growth from his first-ever investment of hacking a 20-unit apartment alone – with no partner.
About Matt DeBoth:
Matt DeBoth is a Marine Corps veteran who served from 2003-2011 as Force Recon Marine, deploying to Iraq, Afghanistan, and Africa. Matt purchased a 20-unit apartment complex during his last combat deployment and hacked it upon his exit from the service.
Matt currently invests in the Midwest and owns a portfolio of 142 rental units. Since 2011, he has flipped 25-plus rental units and BRRRRed multi-million dollar apartment buildings, all while using traditional funding from banks.
Recently, Matt has started a full rehab on a 48-unit apartment building located in Des Moines, Iowa. Additionally, he sold his laundromat and began repositioning his portfolio to hold mid-to-large-sized apartment buildings. Working as the general contractor and asset manager for his portfolio, Matt has found his value-add appreciation and creative financing expertise.
Matt currently hosts a local real estate meetup and uses his free time to educate others on real estate investing. Being a part of multiple mastermind groups, reading investment books, and being a podcast buff, Matt views himself as a lifelong student.
Outline of the episode:
[02:40] What is cross-collateralization?
[05:40] Introducing yourself to the tenants of your acquired property.
[12:31] A significant factor people don't realize about multi and single-family acquisitions.
[17:03] On taking risks while you're still young.
[30:23] The plan for 2021.
[35:00] What's going on with BiggerPockets?
[44:27] Personal or business-related, build different goals and stick to them.
[47:25] Be accountable when you set goals.
[49:12] One of the many roles that masterminds play in our lives.
[52:11] Don't do everything on your own – delegate!
[1:02:11] The life hacks side of TikTok; Rising App where Elon and personalities alike talk.
Resources:
BiggerPockets: https://www.biggerpockets.com/blog/contributors/mattdeboth
Instagram: https://www.instagram.com/mattdeboth
Linkedin: https://www.linkedin.com/in/matt-deboth-24077b17a/
Clubhouse App:
https://www.joinclubhouse.com/
Follow our journey:
Blog: https://www.frommilitarytomillionaire.com/
YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/
Facebook: https://www.facebook.com/groups/1735593999901619/
Instagram: https://www.instagram.com/frommilitarytomillionaire/
Sponsor: Our super affordable real estate investing for beginners course! https://www.frommilitarytomillionaire.com/teachable-rei
Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei
Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/
Become an investor: https://www.frommilitarytomillionaire.com/investor/
-
SUBSCRIBE: https://bit.ly/2Q3EvfE
-
Website: https://www.frommilitarytomillionaire.com/start-here/
Instagram: https://www.instagram.com/frommilitarytomillionaire/
Facebook: https://www.facebook.com/groups/militarymillionaire/
-
My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The rea
1 hr 5 min