5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom

Matt Picheny - 5,000+ Apartment Units Invested, $11M in 2 Days; Passive Losses in Passive Investing

November 11, 2020 Abel Pacheco Season 1 Episode 38
5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom
Matt Picheny - 5,000+ Apartment Units Invested, $11M in 2 Days; Passive Losses in Passive Investing
Chapters
5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom
Matt Picheny - 5,000+ Apartment Units Invested, $11M in 2 Days; Passive Losses in Passive Investing
Nov 11, 2020 Season 1 Episode 38
Abel Pacheco

Our guest for today is a 20-year marketing veteran, generating award-winning projects for Fortune 500 clients such as Verizon, IBM, and Coca-Cola. He has more than 5,000 apartment units in investments and is focused mainly on multifamily acquisitions and repositions. Aside from real estate, he invests in theatrical productions, which now include Hamilton, Moulin Rouge! and American Utopia.

Let’s all welcome, Matt Picheny, Managing Partner at MJP Property Group, and learn more about passive losses in passive investing.

[00:01 - 7:29] Opening Segment

  • I introduce our guest, Matt Picheny
  • Matt shares why he’s in real estate
    • Investors are just one key reason. Find out the other. 
  • He tells us when it is advisable to hold a deal forever

[7:30 - 15:32] “It’s impossible to underwrite deals like that”

  • Matt tells us what he’s looking for in a deal
    • Trailing 12-Months
    • Rent Roll
    • Offering Memorandum
  • He shares advice about letters of intent that you might want to check out!

[15:33 - 25:37] Building Broker Relationships  

  • Matt walks us through his approach in making deals
    • Building relationships with brokers is crucial
  • He talks about how they’re handling COVID-19
  • He shares how they raised USD 11 million of capital in two days

[25:38 - 34:33] Passive Losses in Passive Investing

  • Matt talks about passive losses
    • There are rules for real estate professionals and non-professionals
  • Partner with us. Visit 5tcre.com/invest 
  • We talk about making income while reducing taxes with the right strategy 

[34:34 - 40:45] Closing Segment 

  • Matt tells us more about his upcoming book
  • He talks about his other endeavors 
  • Connect with Matt. See links below 
  • Final words from Matt and me


Tweetable Quotes:

“I look at investment as activism.” - Matt Picheny

“Whoever you’re investing with...make sure that your goals and your values are aligned with theirs.” - Matt Picheny


Resources Mentioned:

------------------------------------------------------------------------------------------

Connect with Matt on LinkedIn and Facebook or call him at (646) 522-1369. Visit their company online, where you’ll get updated on Matt’s upcoming book. Check them out also on LinkedIn and Facebook

Guest Email: [email protected]


Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)

Show Notes

Our guest for today is a 20-year marketing veteran, generating award-winning projects for Fortune 500 clients such as Verizon, IBM, and Coca-Cola. He has more than 5,000 apartment units in investments and is focused mainly on multifamily acquisitions and repositions. Aside from real estate, he invests in theatrical productions, which now include Hamilton, Moulin Rouge! and American Utopia.

Let’s all welcome, Matt Picheny, Managing Partner at MJP Property Group, and learn more about passive losses in passive investing.

[00:01 - 7:29] Opening Segment

  • I introduce our guest, Matt Picheny
  • Matt shares why he’s in real estate
    • Investors are just one key reason. Find out the other. 
  • He tells us when it is advisable to hold a deal forever

[7:30 - 15:32] “It’s impossible to underwrite deals like that”

  • Matt tells us what he’s looking for in a deal
    • Trailing 12-Months
    • Rent Roll
    • Offering Memorandum
  • He shares advice about letters of intent that you might want to check out!

[15:33 - 25:37] Building Broker Relationships  

  • Matt walks us through his approach in making deals
    • Building relationships with brokers is crucial
  • He talks about how they’re handling COVID-19
  • He shares how they raised USD 11 million of capital in two days

[25:38 - 34:33] Passive Losses in Passive Investing

  • Matt talks about passive losses
    • There are rules for real estate professionals and non-professionals
  • Partner with us. Visit 5tcre.com/invest 
  • We talk about making income while reducing taxes with the right strategy 

[34:34 - 40:45] Closing Segment 

  • Matt tells us more about his upcoming book
  • He talks about his other endeavors 
  • Connect with Matt. See links below 
  • Final words from Matt and me


Tweetable Quotes:

“I look at investment as activism.” - Matt Picheny

“Whoever you’re investing with...make sure that your goals and your values are aligned with theirs.” - Matt Picheny


Resources Mentioned:

------------------------------------------------------------------------------------------

Connect with Matt on LinkedIn and Facebook or call him at (646) 522-1369. Visit their company online, where you’ll get updated on Matt’s upcoming book. Check them out also on LinkedIn and Facebook

Guest Email: [email protected]


Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)