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102 Matt Hagerty is a Superhero By Design
Manage episode 355958621 series 2833722
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Looking to take your real estate investing to the next level? Look no further than this episode of the Unstoppable REI Wealth podcast, where Billy Alvaro interviews Matt Hagerty, a highly successful real estate investor from Nashville, Tennessee. Matt shares his story of how he got into the business and what strategies he uses to achieve his goals. He also discusses his goals for the future and how he plans to achieve them. This is a must-listen for any
-Matt Hagerty's journey from engineer to full-time investor
-How he made his first flips, including a simple rehab that netted him a profit of $90,000
-The importance of learning from mistakes and of gaining respect from those you work with
-How he almost lost everything during the last economic downturn, but was able to turn his fortune around by being more cautious and strategic with his investments
-His advice to other investors is to focus on one
KEY POINTS
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Matt discusses how he is able to purchase land and properties at steep discounts and then turn around and sell them for a profit. He breaks down the numbers on one of his recent deals, which involved a duplex. He purchased the land for $125,000, put $500,000 into the build, and is selling it for $850,000.
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You make your money from your losses. Learning from past mistakes is essential to success in any industry, but especially in real estate. Having multiple exit strategies is crucial to weathering any market downturn.
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Matt Hagerty went from being a structural engineer to a successful real estate investor, making a 90k net profit on his first flip. He has since quit his day job and now travels the world, enjoying his life.
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Billy Alvaro's biggest mistake in his real estate career was trying to do too many things at once instead of focusing on one thing and becoming an expert in that area.
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The biggest game changer for me personally in the past year has been making decisions from a position of strength.
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Billy Alvaro talks about how important it is to take action every day in order to achieve your goals. He struggled with fear and insecurity for years, but through consistent action and discipline, he was able to turn his life around.
Connect with Matt:
https://podcasts.apple.com/us/podcast/superhero-by-design/id1649994716
https://www.instagram.com/acehagerty/
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