1. Sell their home 2. Mortgage cash-out refinance 3. Home equity cash out or Home Equity Line of Credit (HELOC) but there is a fourth way that’s not often talked about and that’s leveraging your equity through home equity contracts.
Matthew is the CEO and Founder of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. Matthew has a proven track record in real estate innovation through his experiences as Co-Founder of the Secured Real Estate Income Strategies Fund, and as President and Founder of Crowdventure.com, a real estate crowdfunding company. Originally from London, Matthew worked with Richard Branson's corporate finance team and was a director of the Virgin-sponsored London Air Ambulance. A helicopter pilot himself, he is also the host of his own podcast, “Hooked On Startups.”
HIGHLIGHTS OF THE EPISODE
02:05 - Background of the guest
05:40 - Starting things right
08:19 - Passive vs. Active Investment
12:35 - Equity
16:13 - Contrasting HELOC and Reverse Mortgage
KEEPING IT REAL
23:56 - How win-win works between property owners and investors in home equity agreements
26:37 - Ideal properties for investment
33:00 - How property owners utilize capital
35:12 - Settling an agreement
44:23 - The major misconception about home equity agreements
RAPID FIRE QUESTIONS
45:42 - Favorite Book - Never Split the Difference by Christopher Voss & Tahl Raz | Exactly What to Say by Phil M. Jones
48:08 - Best Habit - Taking time to get out of the house to walk and think | Drink lots of coffee!
49:02 - Best Tool - Daily planner
50:42 - Cash Flow or Equity?
52:33 - Technological advice: a good CRM system
NOTABLE QUOTES (KEY LESSONS):
“Start small but get the shovel dirty, make an investment, get involved. If you stay on the sidelines for too long, you won’t get the benefit of that direct experience of being in with your money and that takes it to a completely different place, if you actually make investments.”
“If you find something that you’re good at, just stick at it and become the subject matter expert. Become the best, the biggest in that field.”
CONNECTING WITH THE GUEST