1 hr 19 min
Multifamily Investing with Strategic Partnerships with Will Matheson - Episode #241 Real Estate Experiment
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- Investing
It's all about multi-family, money lending in this market cycle and real estate in today’s episode with Will Matheson, a multifamily subject matter expert investor, managing partner and co-founder of Matheson Capital.
Before starting Matheson Capital, Will Matheson and his twin brother Evan were nearing the completion of their Masters in Real Estate Development program at Columbia University in late 2017. During this time, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was part of a successful team in the region. They faced a crucial decision: either follow the traditional corporate path or start their own company. Despite having little experience, no proven track record, and limited funds, they took a risk and chose to establish their own company. With their focus on smaller properties that needed improvement and short-term investments, Matheson Capital made several successful acquisitions in the multifamily and student housing sectors over the next five years, amounting to a value of over $100 million.
In this episode, Will Matheson shares valuable insights on various subjects. He discusses the significance of having the right mindset, highlights the best opportunities for lending money, shares his experiences in raising capital and determining interest rates. He also talks about his remarkable achievement of raising $1 million at the age of 23 and emphasizes the importance of building a strong track record through strategic acquisitions. Will delves into the topic of partnerships and attracting new investors, while also explaining how to effectively communicate investment structures. He offers insights on structuring deals for larger projects and explains why opting for a floating interest rate can be advantageous. Additionally, he provides guidance on dealing with distressed deals and shares his exciting plans for the future. If you're into multifamily or real estate you cannot miss this episode. Join us, tune in and gain valuable knowledge and inspiration from Will Matheson's experiences in the real estate industry!
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
23:40 Will talks about starting small and raising money from your closest networks
31:35 Will talks about the timeline for buying and selling small properties efficiently
KEEPING IT REAL:
06:33 The mindset
08:37 Level of foundation at Marcus and Millichap
10:39 Deciding which deals to lend money to
12:50 The process of raising capital and interest rates
18:28 What started the first deal
22:31 Raising a million dollars at 23
26:16 Building a track record and strategic acquisitions
27:48 Partnerships and inviting new investors
31:01 Type of assets bought before
35:34 Growing an asset vs living off of the model
38:03 Communicating the structure to an investor
46:30 Structure for bigger deals
53:10 Financing and where we are now
59:45 Why take a floating rate
01:04:17 What an operator should do with distressed assets
01:06:39 Foot on the gas or brakes and products to look for in the marketplace
01:10:06 Where to take things next
NOTABLE QUOTE (KEY LESSONS):
25:01 “Go to the network that's closest to you when you're starting because it's not that no one wants proof of concept, but the people you're closest to you have the most credibility with, they're gonna wanna see you succeed.” - Will Matheson
CONNECTING WITH THE GUEST
Website: https://www.mathcap.com/
Linkedin: https://www.linkedin.com/in/wlmatheson/
Facebook: https://m.facebook.com/profile.php?id=100075788478531&_rdr
#Multifamily #Moneylending #Growth #Shortterminvestments
It's all about multi-family, money lending in this market cycle and real estate in today’s episode with Will Matheson, a multifamily subject matter expert investor, managing partner and co-founder of Matheson Capital.
Before starting Matheson Capital, Will Matheson and his twin brother Evan were nearing the completion of their Masters in Real Estate Development program at Columbia University in late 2017. During this time, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was part of a successful team in the region. They faced a crucial decision: either follow the traditional corporate path or start their own company. Despite having little experience, no proven track record, and limited funds, they took a risk and chose to establish their own company. With their focus on smaller properties that needed improvement and short-term investments, Matheson Capital made several successful acquisitions in the multifamily and student housing sectors over the next five years, amounting to a value of over $100 million.
In this episode, Will Matheson shares valuable insights on various subjects. He discusses the significance of having the right mindset, highlights the best opportunities for lending money, shares his experiences in raising capital and determining interest rates. He also talks about his remarkable achievement of raising $1 million at the age of 23 and emphasizes the importance of building a strong track record through strategic acquisitions. Will delves into the topic of partnerships and attracting new investors, while also explaining how to effectively communicate investment structures. He offers insights on structuring deals for larger projects and explains why opting for a floating interest rate can be advantageous. Additionally, he provides guidance on dealing with distressed deals and shares his exciting plans for the future. If you're into multifamily or real estate you cannot miss this episode. Join us, tune in and gain valuable knowledge and inspiration from Will Matheson's experiences in the real estate industry!
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
23:40 Will talks about starting small and raising money from your closest networks
31:35 Will talks about the timeline for buying and selling small properties efficiently
KEEPING IT REAL:
06:33 The mindset
08:37 Level of foundation at Marcus and Millichap
10:39 Deciding which deals to lend money to
12:50 The process of raising capital and interest rates
18:28 What started the first deal
22:31 Raising a million dollars at 23
26:16 Building a track record and strategic acquisitions
27:48 Partnerships and inviting new investors
31:01 Type of assets bought before
35:34 Growing an asset vs living off of the model
38:03 Communicating the structure to an investor
46:30 Structure for bigger deals
53:10 Financing and where we are now
59:45 Why take a floating rate
01:04:17 What an operator should do with distressed assets
01:06:39 Foot on the gas or brakes and products to look for in the marketplace
01:10:06 Where to take things next
NOTABLE QUOTE (KEY LESSONS):
25:01 “Go to the network that's closest to you when you're starting because it's not that no one wants proof of concept, but the people you're closest to you have the most credibility with, they're gonna wanna see you succeed.” - Will Matheson
CONNECTING WITH THE GUEST
Website: https://www.mathcap.com/
Linkedin: https://www.linkedin.com/in/wlmatheson/
Facebook: https://m.facebook.com/profile.php?id=100075788478531&_rdr
#Multifamily #Moneylending #Growth #Shortterminvestments
1 hr 19 min