Manage episode 181929398 series 1048119
How does one go from getting lucky with a few real estate investment deals in 2006 to taking “a punch in the teeth” in ‘07 and ‘08 to flipping over 600 properties to date? What is the secret to this man’s success? Our guest today is Matt Owens, CEO of OCG Properties, LLC. According to this former CPA and UCSB graduate, the answer is education and experience, coupled with the importance of networking and relationships. Matt explains his unique perspective in how losing money is what “compounded his growth exponentially forward.” He has observed that “if you haven’t taken a hit, you haven’t been in the game long enough.” What an inspiring thought to ponder on! Matt is based in Southern California but invests primarily in Memphis, TN and Atlanta, GA specializing in equity and cash flowing real estate investments. He also invests in value add multi-families, promissory notes, seller financing for his international clients, self storage units, mobile home parks and the list just goes on!
On this episode, you’ll learn…
- The importance of networking and relationship building and why this business is ALL about these relationships
- The benefits of investing out of state (especially if you reside in California!) and how this forces you to implement air-tight systems in your business
- The pros and cons of setting up an entity and the tax and legal implications of your choice
- The benefits of an SCORP vs an LLC in general and specifically having to do with salary dividend splits and your payroll taxes
Contact Matt Owen here:
Matt has very generously given our listeners his list of questions to ask yourself before setting up an entity. Just text 38470 with the word “hardhat” to get our super awesome free download of the week!
87 episodes available. A new episode about every 8 days averaging 35 mins duration .