Podcast appearances and mentions of will matheson

Click the link below if you want to completely redefine your gym in 2025 by attending the most sought after event for Gym Owners across the country: https://vincegabriele.com/gym-business-raw/  Podcast Summary:Marketing your gym shouldn't feel like throwing spaghetti at the wall and hoping something sticks. In this episode, I'm sitting down with the brains behind KISS Marketing—Chrizni Spitz, Will Matheson, and Ben Stocks—to talk about what's actually working right now for gym owners who want more leads, better retention, and a marketing plan that doesn't feel like chaos. Whether you've tried Facebook ads and got burned, struggle with social media, or have a website that's basically a digital paperweight, we're covering the simple (but powerful) changes that make all the difference. No fluff, no gimmicks—just real strategies from people in the trenches. Let's dive in! 5 Key Takeaways1️⃣ Stop Squirrel Marketing – A marketing calendar will save you from the random, last-minute “oh crap, I need leads” approach and actually build momentum.2️⃣ Funnels = Leads on Autopilot – If you're still manually following up with leads one by one, you're leaving money on the table. A simple funnel fixes that.3️⃣ Facebook Ads Aren't Dead (You Just Need a Strategy) – Most gym owners quit ads too soon. Here's how to tweak what's not working and actually get ROI.4️⃣ Your Website is a Lead Machine—If You Build it Right – Ditch the clutter, focus on local SEO, and make it easy for people to take action.5️⃣ Content That Converts – Posting random workout videos won't cut it. Learn what to post, how often, and why your social media presence matters for ads and trust-building. Click the link below if you want to completely redefine your gym in 2025 by attending the most sought after event for Gym Owners across the country:https://vincegabriele.com/gym-business-raw/ If you're a gym owner seeking answers on how you can grow your gym, make more money, and have more freedom to do what you love, visit www.vincegabriele.com or book a call by CLICKING HERE!

Whitney Elkins-Hutten of PassiveInvesting.com interviews Will Matheson, the Co-Founder of Matheson Capital, to reveal the juicy stuff in acquiring his 248-unit Residences in St. George in Savannah, GA. Will explains how he leveraged a strategic loan assumption to secure an incredible fixed interest rate of 2.95% for the next eight years. He also pulls back the curtain to reveal his negotiation tactics in snagging this prime property at $38.8 million. Will learn how to masterfully raise a whipping $14.5 million in equity to finance the project in a market where investors are cautious. Today's conversation is pure gold for anyone who wants to land incredible multifamily properties. So, join Will Matheson in this episode and be ready to take notes!

Join us as we dive deep into the dynamic world of real estate investing with Will Matheson!

Whitney Elkins-Hutten of PassiveInvesting.com interviews Will Matheson in today's episode. Will takes us into his property acquisition at Cooper Bend in Hanahan, SC. The physical due diligence on the 76-unit Residence had been great because it is in good condition, but Will admits that he finds it tough getting the insurance in place. He also shares his business plan for the property. So, grab this opportunity to gain some golden nuggets that Will shares today. Tune in to this episode now!

Today's guest, Will Matheson, proves that sometimes going smaller brings bigger success in real estate investing. He talks about how he and his twin brother started by purchasing a single property in Los Angeles and subsequently built their portfolio within the Carolina market. This episode also highlights the strategies that have positioned them favorably in the competitive and dynamic market and the uninterrupted benefits they deliver to their investors, even amidst the fluctuations of the real estate environment. Tune in and see the possibility of beginning with no experience and an established track record in real estate!Key Points & Relevant TopicsHow Will acquired his first property in Los Angeles Will's outlook while building their portfolio in CarolinaFocusing on small assets and shorter hold periodChallenges and opportunities for new investors in today's marketShould investors hold back from investing because of the current market condition?Resources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Will MathesonAt the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University's Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles. With limited resources, Matheson Capital focused on smaller value-add properties and short-term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high-net-worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC. Get in Touch with WillWebsite: Matheson CapitalTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Whitney Elkins-Hutten of PassiveInvesting.com interviews Will Matheson, an apartment investor and co-founder of Matheson Capital. Will takes us into his latest deal, Summers Run, a 112-unit nestled in downtown Asheboro, NC, with tranquil grounds and exceptional amenities. Summers Run offers a relaxing environment. Today, Will reveals the only issue he saw during the walk-through and the efforts made for tenants to experience the Summers Run lifestyle! Going further into the financial due diligence, Will talks about the loan assumption. If you're interested in learning the story behind this tranquil community that embodies the feeling of home, be sure to listen to this episode today.

Will Matheson started Matheson Capital with his twin brother Evan back in 2015, at the age of 23. In 2018, they decided to dedicate themselves to the company full time, and since then, they have completed over a dozen acquisitions totaling more than $100 million.. Will Matheson is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Will Matheson? Reach out at www.mathcap.com.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book  Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.  ************************************************************************  GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS  LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book  PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/  WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow  ************************************************************************   ABOUT THE REAL ESTATE INVESTING CLUB SHOW   Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI course at https://www.therealestateinvestingclub.com.  #realestateinvesting #passiveincome #realestate   Interested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

Boyd is joined by his son Will Matheson to reflect on Speaker Paul Ryan's visit to Utah and message to the youth. 

Do you want to start your real estate career on the right track? Dive into this episode with Will Matheson, where he dishes out invaluable tips for novice investors. Plus, he'll share a mind-boggling story about a deal closure that'll make heads turn, so press that play button now!     Key takeaways to listen for The best place to get capital to acquire your first property Why starting out small is the best step for beginner investors Steps you can take to keep scaling your real estate business Expert outlook on property acquisition in 2023 How the Lowcountry Veterans Home provides assistance to Veterans     Resources mentioned in this episode Silicon Valley Pacific Heights Lowcountry Veterans Home     About Will Matheson Will graduated from Columbia University's Masters in Real Estate Development Program in 2018. He is a managing partner and co-founder of Matheson Capital and is primarily responsible for overseeing all company operations, sourcing investment opportunities, and investor relations. Prior to Matheson Capital, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was an integral part of the top team in the region.     Connect with Will LinkedIn: Will Matheson Email: will@mathcap.com     Connect with Leigh Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Subscribe to Leigh's other podcast Real Estate From The Rooftops     Sponsors Leigh Brown University – New On-Demand Training How to Dominate During This Recession! Enroll Now to get ahead of the curve and learn how to manage changing markets, the action steps for what to do, and most importantly, what to say so that you can secure listings, assist more buyers, and grow your business no matter what the market is doing.   Link: http://dominatethisrecession.com

Whitney Elkins-Hutton of PassiveInvesting.com interviews Will Matheson to share his insights on how he acquired the deal with the 21-Unit Creekside Villas in the Boone Market of North Carolina. He bought the property 7.6 million dollars paying 380 per unit in this luxury townhome. Will did not expect they had to increase the trash contract, but the due diligence was straightforward. He also explained how raising the equity was easier than expected compared to surveys. Tune in to this episode as Will Matheson shares his knowledge and insights in his deal on 21-Unit Creekside Villas.

Will Matheson & Vanessa Medina talk about a few qualities to look for when working with someone new, the biggest lesson learned that can benefit new investors, and advantages to having partners that have aligning interests. Interested in learning from me? Visit https://www.thetribeoftitans.info/coachingJoin our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://www.instagram.com/diary_of_an_apartment_investor This episode originally aired on September 22, 2023----Your host, Brian Briscoe, has been a general partner in 1000+ units worth over $100 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on  LinkedInBrian@Steamlinecapital.com----Will MathesonWill is a managing partner and co-founder of Matheson Capital. He is primarily responsible for overseeing all company operations, sourcing investment opportunities, and investor relations. Prior to Matheson Capital, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was an integral part of the top team in the region. He graduated from Columbia University's Masters in Real Estate Development Program in 2018, and he graduated from Emory University's Goizueta Business School in 2014.Learn more about him at: https://www.mathcap.com/----Vanessa MedinaAs a proud First-Generation Latina, she embodies the spirit of determination and resilience. With a heartwarming family of three beautiful children and a loving husband by her side, she cherishes the value of family and unity. Professionally, Vanessa has embarked on an inspiring journey in the world of Single- Family Real Estate, where she has excelled over the past two years and currently investing her time and dedication to Multifamily Syndication where she is Managing Partner at Gova Capital Investments. Her career trajectory has taken her from the fields of agriculture, where she learned the importance of hard work and resilience, to a school bus driver.  Vanessa is not only shaping her own success but also showing that with determination, passion, and a supportive family, anyone can achieve their dreams.Learn more about her at: Vanessa Medina @ Facebook.com or Linkedin.com

EPISODE SUMMARY: This episode is brimming with the incredible journey of Will Matheson, a successful entrepreneur who, alongside his brother, transformed a deep-rooted passion for real estate into a thriving business. Join us as we explore the rise of Matheson Capital from its humble beginnings in 2017, to a business that now boasts over 100 million dollars of assets under management. We commence with Will's tale that starts from his minimum wage broker days in Los Angeles, navigating challenges such as emergency rent control. We then fast forward to the present day, where we dissect the unique short-term investment strategy that Will and his brother employ, and how this approach has propelled their growth. Discover how they adapt to shifts in the market by predicting the future, ensuring they stay one step ahead. The episode also uncovers the current real estate market, highlighting factors leading to decreased pricing. Emphasizing the importance of flexibility in a debt structure, we discuss whether to opt for higher interest rates or agency loans. Finally, we conclude with Will's insights on professional property management's critical role in a property's success. Don't miss out on this engaging episode filled with valuable insights and practical advice from a seasoned entrepreneur. WILL'S BIO: At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University's Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles. With limited resources, Matheson Capital focused on smaller value-add properties and short-term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC. GET IN TOUCH WITH WILL: https://www.linkedin.com/in/wlmatheson/ EPISODE CHAPTERS: (0:00:00) - Capital Raising Strategies in Real Estate Will and his brother built a real estate business to over $100M, investing in LA and facing rent control challenges. (0:11:04) - Short-Term Investment Strategy and Market Outlook Will and his brother built a successful real estate business, using strategies such as shorter hold periods and predicting the market. (0:17:11) - Buying Real Estate in Current Market Flexible debt structure, bank/agency loans, and decreased pricing factors discussed. (0:28:00) - Capital and Management in Real Estate Will discusses the importance of professional property management and reaching one's maximum potential. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/  

Zero to 100 Million in 4 Years   We have the better looking twin, Will Matheson on the show today! This young, 31 year old is killing it in the multi-family realm by starting small and short-term holds. He shares his top three reasons why starting small benefitted his company. Will also goes into five things NOT to do when buying multi-family properties. If breaking into the multi-family market is your jam, this is a great episode for you! At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University's Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles. With limited resources, Matheson Capital focused on smaller value-add properties and short- term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC.   To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com To join HomeSchooled by Tarek, visit https://go.homeschooled.co/schedule-strategy-session?el=jenjosey

Although there are multifamily properties of all sizes that are not managed well, smaller buildings without on-site staff and ma and pa owners tend to be more likely to be run unprofessionally. These properties pose opportunity for new buyers with more professional management infrastructure and processes. Will Matheson, Co-founder with his twin brother of Matheson Capital, has had incredible success adding value to smaller properties and generating consistently large returns. In one Class A property in Boone, North Carolina, they've increased rents 60% in the last year.

Today's episode tells the story of twin brothers who, despite having no track record, no ownership experience, and very little equity, bet on themselves and jumped into starting a company together. Will Matheson and Evan Matheson are the co-founders of Matheson Capital and Will joins us today for a chat. In our conversation today we discuss what inspired the brothers to attend the real estate program at Columbia, Will's thoughts on growing your network, and the flow of their acquisitions from small to large. He talks about investment strategies he's most and least excited about and how investor sentiment has changed over the last 18 months. Tune in to hear his most memorable close-call experience as a real estate investor and how he dealt with it. For all this and more, start listening now. Key Points From This Episode:What made Will and his twin brother jump into the program at Columbia.Their start and how they scaled their company to a hundred million dollars.Will shares the flow of their acquisitions when they started their company. Growing the network out and his thoughts on having happy investors.When they decided to move from smaller to larger properties. He talks about their current business model and what that looks like.Product types that have piqued their interest in our current economic environment. The investment strategies he's most and least excited about.The value ad properties he finds to be a real opportunity. Where their equity capital is coming from. His thoughts on how investor sentiment has changed over the last 18 months. The aspects of the deal they are currently focused on.Will shares a close-call experience as a real estate investor and how he dealt with it.Best practices for working with a co-founder; especially if that person is your twin.Links Mentioned in Today's Episode:Will Matheson on LinkedInMatheson CapitalMarcus & MillichapVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

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

Secure your spot in the investing industry with today's guest, Will Matheson. In this episode, you will learn fundamental tips for starting a multifamily venture, exploring similar assets, and the potential for generating passive wealth. Tune in to scale your investment journey the right way!   WHAT YOU'LL LEARN FROM THIS EPISODE  The unique characteristics of long-term and short-term deal lock-in The do's and don'ts of start-ups in building credibility and experience  Advantages of investing in student housing with floating interest rates Market factors to look out for when maximizing RE acquisitions Why is multifamily investing consistently profitable?   RESOURCES/LINKS MENTIONED  CoStar Crexi.com CBRE Cushman & Wakefield  JLL LoopNet Pensford  Red Shoe Economics  BlackRock Capital Investment Blackstone Greystar    ABOUT WILL MATHESON Will Matheson co-founded Matheson Capital and has overseen the acquisition of multifamily properties in both the Southeast and California. He is a graduate of the Columbia University Master in Real Estate Development Program.   CONNECT WITH WILL Website: Matheson Capital  LinkedIn: Will Matheson   CONNECT WITH US  Email: shawn@greenbriarcg.com    Instagram: Shawn Winslow  YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow

Will Matheson is the co-founder and managing partner at Matheson Capital, a South Carolina-based real estate investment firm that focuses on multifamily and student housing. In this episode, Will shares the “Matheson Method” for growing into apartment investing as a new investor, including five things not to do. He also discusses the benefits of investing in student housing and how to select the best properties in that asset class.   Will Matheson | Real Estate Background Co-founder and managing partner at Matheson Capital Portfolio: Total of $100M in AUM Based in: Charleston, SC Say hi to him at:  mathcap.com LinkedIn Best Ever Book: Letters of a Businessman to His Son by G. Kingsley Ward Greatest Lesson: Start small. You can pick up small unit properties as you go, and then brokers will take you more seriously on the larger deals.   Click here to learn more about our sponsors: CASKX Techvestor SyndicationAttorneys

Taylor welcomes Will Matheson, an experienced real estate investor with great success in multi-family and student housing deals. Listen in as Will shares his tips for young investors on how to build their book of business, reputation, and confidence when starting. He will also discuss the differences between owning and operating student housing versus multi-family properties, what to look for when selecting a market and assessing a property, and the obstacles one might face when they are young. Finally, Will advises how to escape the Wall Street Casino and build wealth on Main Street by investing in real estate.   Tune in to hear valuable lessons from a seasoned real estate investor!   [00:01 - 06:16] Opening Segment Will Matheson is an experienced real estate investor who has experience in multi-family and student housing Management is vital in student housing as it is dependent on getting one lease cycle done quickly Proximity to college becomes more critical when dealing with student housing Parents can guarantee leases and cosign on them, enhancing credit above ABC or B-class apartments   [06:17 - 13:02] Asset Management for Long-Term Multi-Family vs. Student Housing Leases for student housing properties were already signed and agreements locked before Covid-19 People go to college for a social life, which is not available if they stay at home When analyzing a student housing deal, one should look at supply and demand, new supply, market growth, university enrollment, proximity to campus, size of town/city, etc. Third-party property management is necessary for student housing due to the intensive nature of the business   [13:03 - 24:44] Overcoming Limiting Beliefs to Grow Portfolio Quickly Student housing requires one big turn per year with plenty of money in the bank to pay for it Multi-family is harder to mess up, and smaller properties are less efficient Start small and compound on yourself to build a track record   [24:45 - 30:31] Closing Segment Best investment: marriage Worst investment: 24-unit property in Charlotte, NC, due to Covid and rough neighborhood The most important lesson learned: avoid rough neighborhoods without staff and no prepayment penalties on the loan Quotes:   "People go to the schools for the social life, which you don't get if you just stay at home. Otherwise, everyone would still be taking online classes, staying at home, saving the money." - Will Matheson    "No one cares more about your deal than you." - Will Matheson  Connect with Will! Website: https://www.mathcap.com  LinkedIn: https://www.linkedin.com/in/will-matheson-447185185/    Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Imagine that you're still in your twenties for a moment. You've got no track record, no ownership experience, little to no equity, and nothing to your name other than some student loan debt. Perhaps you were in the same boat before your first deal. Here's where things get interesting. Will Matheson and his twin brother were in this exact situation in 2017 when they decided to start their own company at Matheson Capital. Six years later, they've acquired over $100 million in real estate, done over a dozen multifamily and student housing deals, and delivered an astounding 40% internal rate of return for their investors.  I absolutely love hearing success stories like this and I'm thrilled to share this conversation. In today's episode, we dig into what exactly he's doing differently in his business that has led to his success, how he started small and built a proven record of success, and how the market (and his deals) have changed post-COVID.  Key Takeaways with Will Matheson Why it's so much harder to find deals set up to cash flow quickly post-COVID. How Will underwrites deals and picks and chooses markets. The five things to NOT do when you're starting a business or overseeing a deal. How the current market has gotten “cowboys” out of the space, creating a better market for serious investors.  How to structure your company's growth in a sustainable, holistic way.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/369 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

My guest today got his start in real estate as a broker for Marcus & Millichap in Raleigh, North Carolina before starting his own real estate firm with his twin brother. Will Matheson went from zero to $100 million in assets under management in just four years, and he's done it through multifamily and student housing investments. Today we'll take a closer look at student housing, get insight into working with family offices and institutional funds, and learn how Matheson Capital plans to achieve their goal of $1 billion in real estate by 2027. Find out more: https://www.mathcap.com/ www.linkedin.com/in/wlmatheson/ Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

Will Matheson, Co-Founder of Matheson Capital, joins us to discuss starting his Multifamily and student housing business with his twin brother. We discuss leaving a brokerage to become a principal, Class A Multifamily investments, mistakes to avoid, and much more. Connect with Will at https://www.mathcap.com/. To join the DJE Investor list visit https://www.djetexas.com/access. For multifamily mentoring visit https://www.ApartmentEducators.com

Today's question comes from Josh at Virginia Commonwealth University I'm appraising a 504-bed student apartment complex in a tertiary college market in Virginia. The property is unique, and recent comparable sales and reliable market data are scarce. I enjoyed your interview with Will Matheson a couple of weeks ago. I emailed him to discuss my property and get his thoughts on the changing market dynamics. Do you have anyone else in your network who invests in student housing who would talk to me? I appreciate your help. My students at VCU and I continue to benefit from your content. ---------------- Host: Victor Menasce email: podcast@victorjm.com

Will Matheson is based in Charleston South Carolina. On today's show we are talking about student housing and the strategies that make for successful investment in that specific segment. To connect with Will and to learn more, visit his company website at mathcap.com ------------------- Host: Victor Menasce email: podcast@victorjm.com

New real estate investors tend to be too risky when coming into the investing scene. But any successful multifamily investor advises against this, especially those that have built years of experience of closing large deals.In this #TechandTacticsTuesday episode, Matheson Capital co-founder, Will Matheson, explains to us how to get started on the right track in real estate investing, and how he learned to add value to another operator. Discover his important piece of advice for those who are new to investing, and why this matters a lot. Key Points From This Episode:  Why did he and his brother immediately jump into multifamily investing?How did he successfully partner with another firm?How did he reach out to these partners?Why is he focused on the Carolinas?Why did he start with heavy value-add projects?How did he use his experience as a broker to start his investing career?What are some bad investing habits that investors need to avoid?What does he mean by ‘fundamentals being in place?'How does he get prepared for a downturn?What is his best source for meeting new investors today?What are his best pieces of advice for passive investors?How does he give back to the community? Tweetables: “I believe in this market, I believe in this property. I think I can get in touch with these guys. And we made it happen.”“It's easiest to go into a market where you can get your investors comfortable, and people are most comfortable with what they know.”“Our thesis or investment thesis is, ‘I'm not going to ask an investor to marry me for the next 10 years on a 10 year hold.'”“We said, let us build our track record, let us earn your trust because there's always someone with more experience than you.”“We didn't want to offer coupon clippers for the next decade, we wanted to say, let's get you in and out. Let's prove that we know what we're doing. And let's move on to the next one.”“So being a broker definitely gave a lot of insight into property valuations.”“When you're just starting out, I always tell people, ‘Do not commit to a long term timeframe, on a project. And when you're starting out, you're probably starting with smaller properties.'” “We started out focused on very small properties because of equity raising. It's easier to raise equity when you have less of it to raise.”“You don't want to tie up a deal for too long with the debt. You don't want to over invest your own capital. You're not in this business to buy one property, you're in this business to buy 10-12, whatever that number may be.”“You don't want to over allocate your resources. You have to understand that no one cares more about this project than you do.” Link Mentioned in Today's Episode:Matheson Capital Will Matheson on LinkedInAbout Will MathesonWill Matheson is the co-founder of Matheson Capital, a private equity firm focused on value-add multifamily assets in the southeast region. Prior to this, he was into investment sales at  Marcus & Millichap, closing more than 50 sales transactions totaling over $140 million, and also served as President of Lowcountry Veterans Home.He earned a BA in Business Administration with concentration in Finance, Strategy & Management Consulting from Emory University - Goizueta Business School, and a graduate degree in Real Estate Development from Columbia University.

In the last five years, value add multifamily deals have abounded where you can buy a building at under significantly market rent, put $5,000- $10,000/unit into rehab, and sell within 12-24 months at a huge profit. As more and newer competition has entered the market, and as prices dramatically increased, these opportunities have become much harder to find. In addition, renters in these properties are particularly burdened by inflation and other economic factors. Will Matheson, Co-founder with his twin brother of Matheson Capital, had incredible success repositioning class C and B properties over the last four years and is now transitioning into Class A buildings in the Southeast where the tenant base is far less rent burdened so the overall rent upside and ultimate investor returns has the potential to be considerable higher over time.

Welcome to How To Scale Commercial Real Estate Podcasts, Today We are joined by Will Matheson. Will is the co-founder of Matheson Capital and has overseen the acquisition of multifamily properties in both the southeast and California. He is a graduate of the Columbia University Masters in Real Estate Development Program. [00:00 - 05:48] Opening Segment Matheson Capital offers short-term holds of less than two years with high returns and focuses on investor relations by walking them through the business plan and projections Will emphasizes the importance of starting small and scaling gradually Starting off with friends and family, Matheson Capital brings in new investors by asking them for referrals [05:48 - 11:20] How One Multifamily Company Is Avoiding Risks in the Market How Will has delivered on promises to investors and retained a high rate of tenants. the importance of maintaining regular contact with investors, through social media, newsletters, and other means. Risks that Will sees in the multifamily market include a housing shortage and interest rate risk. [11:21 - 17:14] 5 Tips for Starting a Real Estate Company The company is moving out of the B and C space and looking to acquire just class A assets Rent is a percentage of income for class A renters, and typically their rents can be pushed higher than for class B or C renters Tips for Starting a Real Estate Company Make a team and  get your branding right You should not look across the country when choosing markets to invest in, as doing so will limit your relationships and investment opportunities [17:14 - 20:47] Closing Segment Reach out to Will!  Links Below   ------------------------------------------------------------------------- Tweetable Quotes: “I think a lot of that's being overplayed. Especially if you're dealing with inflation. You'd like to own hard assets, but you want your tenants to be non-rent burdened, and that's the case in the class A space.” - Will Matheson Connect with Will Matheson by following him on Linkedin or visit their website at https://www.mathcap.com/ Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:34] Sam WIlson: Will is the co-founder of Matheson Capital. They are a multi-family real estate investment firm based in Charleston, South Carolina. Will welcome to the show. [00:00:43] Will Matheson: Thank you for having me. I really [00:00:44] Sam WIlson: appreciate it. Hey man, the pleasure's mine. Listen, there are three questions I ask every guest who comes in the show. In 90 seconds or less, can you tell me where did you start? Where are you now, and how did you get there? [00:00:52] Will Matheson: So to put it bluntly, we started with pretty much nothing, no investors, no real track, record of ownership, anything like that. First deal we ever bought was actually a duplex in Los Angeles. Bought it with one partner we had from grad school. 800,002 months later. Sold it for 9 85, I believe. And since that time, that would've been. January to March, 2018. I think we've done about 10 other acquisitions seven of which have already been sold or seven total have been sold. And you know, now we're just continuing to grow, continuing to build. But yeah, we, we started with the second smallest things. I guess smallest thing would be single family, but we started with a duplex and our last acquisition was 168 units. And we've partnered on on some even bigger ones, so, [00:01:40] Sam WIlson: That's a fast progression. I mean, that's only four lower, four, maybe four and a half years. That's a fast progression. , and shifting gears that quickly between, all right, duplex, now we're gonna buy multifamily. Now we're gonna partner and take down bigger assets. How did you navigate that in a and and do it with without feeling like you're, you know, just, just kind of, you know, losing focus on whatever it was you were previously doing. I mean, that's a, that's a lot of different. Iterations of the business in a short [00:02:07] Will Matheson: period. Well, I mean, I, you know, I did skip over it and make it sound faster than it was. I mean, you know, like we bought two units and then it was a six unit deal and another six unit, and then 15 units, 24 or units, 32 units, 32 units. 69 units is the lead sponsor in, I guess, March of 2021. That's where we were building up to. And then we were kind of a smaller partner on 25 million and 60 million deals. And we came back from that. Really kind of , grew a little name recognition doing that, broadened our investor base. And in April of this year, that's when we bought the 168 units. So it, it wasn't, you know, it wasn't going from two units to a hundred units in one deal. It was. Bit by bit, by bit expanding. I love [00:02:54] Sam WIlson: that. That's, that's really, really awesome. Tell me, you know, investors, finding investors, investor relations. I mean, this deal takes two things, deals in capital. Let's talk about the investor experience side of things for you guys. You said you started off with no track record, no money, no real basis in the industry. How did you bring investors on and inspire confidence? [00:03:17] Will Matheson: So we, we took a really, very firm approach in terms of, you know, no one's gonna invest with us on a 10 year hold. When I bought my first property, I was 25. It was probably two weeks before I turned 26. When we did that and we, being, I have a twin brother who's my partner in the business. Like, no one's gonna invest with us for a 10 year hold. So what we're gonna offer people are short term holds less than two years. I mean, our, our first our first deal was two months, but less than two year time periods. Really high. IRR is anything for 30 plus percent and. You know, we're gonna show them, look, take a risk, take a chance on us working on this. We'll deliver you returns in a short amount of time. I'm not asking you to marry me, I'm just looking for a couple years, not even. And yeah, by doing that, we were able to kind of grow through word of mouth but really be able to show people, Hey, look, we're young. You know, I didn't work at Gray Star. I didn't work at Blackstone. But we have a proven result, and to this date, our average LP return has been 38%. [00:04:22] Sam WIlson: That's fantastic, but how do you, how do you project that outta the gate? Again, you know, without having a deep bench of experience saying, Hey, look, I've done this multiple times. How do you project saying, Hey, we're gonna give these outsized returns to investors. [00:04:36] Will Matheson: I mean, I, I'd say it's probably the same way everybody else starts, which is just, you go the friends and family route, which is. In some ways, but you know, at first you really have to walk people through the business plan. This is why I think the rents are under market. This is the type of renovations we can do. And as you broaden out, you know, that's, in some senses it's the riskiest money cuz you don't want to disappoint your friends and family. But it's right. I mean, in a lot of ways it's the easiest cuz shock of all shocks. No pension fund is gonna give a first timer that type of money. So you. You start with friends and family and you ask 'em, Hey, who are five people you can introduce me to? You know, Hey look, I delivered to you last time. Who else can I talk to? Things like that. [00:05:20] Sam WIlson: Yeah. And It's funny where I was on a, on a call last week and that was one of the things that was brought up, which is how actively are you mining the current investor database that you guys have? What is one thing maybe you guys are doing to make sure that you constantly stay in front of investors and get those investor referrals? [00:05:39] Will Matheson: I mean, when it comes to getting Reve investor referrals, there's no substitute for, you know, FaceTime and well, except for possibly results. So the fact that we've delivered for so many of our investors and we have a really high retention rate that helps in terms of, Hey, look, you know, I've performed before. Can you do this? But. You know, you can't be on the phone with all of your investors all the time. I mean, this sounds simple, but you know, you post on LinkedIn, you have a newsletter just monthly to your investor group. Maybe you know, quarterly you give a little more details. But just monthly, it's always a great chance to say, Hey, look. Our most recent acquisition , we're surpassing our pro former rents to the people who are in it. They feel great for the people who didn't invest. You know, it's a little, Hey, you missed out on this one. Hope you get the next one. [00:06:31] Sam WIlson: Yeah, certainly. And that's it's, it's those constant points of contact that that's the hardest ones to get out. I know it took me a long time to finally get around to putting out a week on weekly newsletter, but still, it's like, once you're in the habit of it, it's a lot easier. But getting that up and rolling is kind of, it's, it's a discipline in its own [00:06:49] Will Matheson: right. Well, yeah, and I mean, to a certain extent you also want to have something going on. There's nothing worse than writing a newsletter when you have nothing going on. I mean, , we didn't launch our website until we had been in business for about three years, because to put it mildly, I didn't want to advertise the fact that. We barely owned anything. It wasn't until we bought maybe our seventh property that we put a website up because I didn't want to advertise to the world. All I own is a 32 unit property here. You know, , I wanted to appear like we had a lot more going on. [00:07:21] Sam WIlson: Yeah. Hey man, that's that, that sounds really smart to me. Tell me, I mean, being in the multifamily space, I know we talked about this a little bit before we kick this off. You feel like you're not reinventing the wheel, like, hey, this is, it's just a business that, that a lot of people are involved in and we just, we're just one of the other players in it, and I feel like. Maybe there was some discounting of your own skillset in that conversation where it's like you guys are doing things and you know, things maybe that everybody else doesn't know and see. So tell me this, what's one way that you guys are finding opportunity right now? Like, is there something, is there, and not necessarily asking for your industry trade secrets, but like what is it you guys are doing in order to make, make the multifamily business work right now? [00:08:03] Will Matheson: I feel like this is a terrible answer in, in some markets, specifically Charlotte. I think we have some management efficiencies. We have a partner in Charlotte that we work with who does a phenomenal job with owner management and let's just call it automation. So that can provide a lot of savings on that front juice, cash flow beyond what would normally work. We've built some really strong. Lending relationships, particularly with banks, which banks aren't as subject to fluctuations on the tenure treasury as say, Fannie Mae, Freddie Mac, debt funds such and such. So that's, that's provided us a bit of a financing edge. And I think it's, you know, I used to work for Marcuson Heap. I always say this bluntly you know, I know how to. To brokers, I'm a tremendous suck up. You know, I speak their language . So yeah, I think we've been able to build some really good relationships. So in that sense, we, we have some management deficiencies in some markets. My brother Evan , he was the answer key in a grad school at Columbia for real estate finance. So we've got some really tremendous modeling really tremendous analysis, some great relationships on the broker side and the lender side. And obviously we always try to perform for our equity. So from top to bottom there's a, you know, those are some things we do that we believe give us an advantage, but again, we're not trying to reinvent the wheel too much. We're just trying to find efficiencies here and there. [00:09:24] Sam WIlson: Hey, and, , it's those, minor course corrections. I think that, or maybe it's not a course, missed the wrong word, but it's, it's the minor efficiencies that you put in that can really make all the difference in the world. Or you can take a, a subpar deal and turn it into a good deal or a good deal and turn it into a great deal. I mean, those are the small nuances that make all the difference, I think, in the world. When you look at the multifamily industry as a whole, are there risks that you see in the marketplace, and if so, how are you guys avoiding those? [00:09:54] Will Matheson: So, I mean, the risks we see in the marketplace that, that is one of the nicer things about multifamily. Kushman Wakefield just put out their first monthly newsletter, I can't recall the exact name. And it, it detailed for macroeconomic scenarios and multifamily as an asset class performed the, we the best across industry types and all of them. Yeah, we have a housing shortage, so people still have to live somewhere. It's not, it's not 2008 where, you know, they were building houses just everywhere and people are buying 'em up and that's, you know, why you see the trouble there. We have a housing shortage, so we're pretty economically insulated if there are risks. Interest rate, risk is a big one. We typically are proponents of fixed rate debt with no prepayments, so that gives us protection on the upside or protection against rising interest rates, but flexibility on, you know, downward interest rates. If as projected interest rates, you get cut. We are moving away from the B and C space just because those are, you know, the class A renter is the least. Rent burdened at this point. I know Covid was a big time for real estate, but in a lot of senses, just multi-family, it was very tough to collect rents. So that's just, I mean, that's a, that's a few things where we're seeing in the market. I, I do think there's some collection risk. I do think there's some interest rate risk and we try to mitigate that, but just a little adjustment in our strategy. Yeah. No, [00:11:21] Sam WIlson: that's great. That's great. So you guys are moving out of the B and C space, and it sounds like you're looking to acquire just class A assets. Is that right? [00:11:30] Will Matheson: Largely yes. I mean, there's still some good opportunities in the B and C space. I mean, we bought a deal for 73 a door in North Carolina earlier this year. We were very happy with that. But I mean, you know, you're in the industry a lot of times you'll see, hey, look, here's this 1970s built property that's had three value add initiatives in the last 10 years, and magically here's a fourth value add, you know? I think a lot of that's being overplayed. Especially if you're dealing with inflation. You'd like to own hard assets, but you want your tenants to be non rent burdened, and that's the case in the class A space. They'll least rent burden tenants. They're lifestyle tenants. That's, you know, that, that's part of the reason we're making that transition. [00:12:15] Sam WIlson: When you say, for our listeners, when you say the word non rent burdened, is that a percentage of income spent on rent? As a whole, like it's, you know, say 25% of total income or disposable income. What, what do you mean by that? [00:12:31] Will Matheson: Just rent is a percentage of income. You know, typically your, your class A renters are more educated, more affluent more flexibility. So, when you're making five thou, or let's just say $8,000 a month, a hundred thousand dollars a year, $3,000 in rent is not a significant issue for you versus. If you're making $50,000 a year and someone increases your rent, $500, that's a pretty significant swing. I live here in Charleston, South Carolina. The amount of people I know who had their rent hiked 20% in some of the nicer buildings didn't batten. I just like, okay, renewing. I don't wanna move. I don't wanna like, I don't wanna move into. Summerville or wherever I wanna stay downtown. Yeah. Location, quality of the asset. Really. Your renters are very easy to absorb rent increases, [00:13:19] Sam WIlson: Right, Right. Yeah. And where that ends, who knows, but it's certainly, you know, where, how, how far that rent those rents can be pushed in that class A is hard to say, but certainly, like you said, as a percentage rent, as a percentage of income. We certainly wanna be on the lower end of that if. [00:13:34] Will Matheson: Well, there was a recent Wall Street Journal article, I think this past week, this past weekend, that just talked about we are, you know, over since 2020. Back then you had rent and mortgages roughly on par, but now rent has gone up 10%. The average monthly mortgage payments is up 50%. So buying house is more unaffordable. So, you know, I, I'm not saying you're gonna see 20% rent increases, you know, for the next five years, but. If inflation persists, then those tenants are gonna be the ones who are managing it most easily. Right. [00:14:05] Sam WIlson: One of the things you'd mentioned early on the show was that, you know, you didn't wanna project a 10 year hold. Has your guys' strategy changed from a shorter term hold to a longer than maybe what other people in the industry are projecting their hold time are for apartment communities? [00:14:22] Will Matheson: So we typically still don't model beyond five years. When I said earlier, you know, we're not gonna do a 10 year hold, that was when we were starting out, you know, had no track record, anything like that. We wanted to deliver short terms as we've proven, you know, if we've given proof of concept as we've delivered more stronger results. You know, we think that longer term holds are definitely a possibility. We still don't try to model at 10 years. We typically are now modeling three to five years. [00:14:49] Sam WIlson: Gotcha. Gotcha. One of the things, other, other things we talked about here pre-show was the masters in real estate development, of course, that you said you took at Columbia University and you've gone back. I think you mentioned also as now a speaker there. Is that right? [00:15:04] Will Matheson: A couple times. Yeah. The masters in real estate development degree, Columbia University, Ms. Red. I actually have a book over my shoulder for that. But yeah, it's a, it's a really great program. Lot of really successful alumni. I would say New York City is a real estate capital of the world. So it's a great place to learn. But yeah, my brother and I have gone back given a lecture there a couple times, just as a guest lecture. Great. Great place. If you're if you're looking to hire real estate people, I'd look them up. You know, you need your new analyst, you need your new associate. Give them a call, [00:15:41] Sam WIlson: man. That's, Hey, there's a golden nugget that we haven't had on this show like that in a while. So there you go. If you're, look, if you're looking to hire, which is my next question, cause I think you said your talk there was on how to start a company. [00:15:52] Will Matheson: Is that right? Yes, that was, that was the gist of the, [00:15:56] Sam WIlson: What are things that you're telling the people in that, in that master's class, What are you telling them? Like, is there, is there like top three things you'd say, Hey man, if you're looking to start a company and or I'm gonna add my own caveat to this, or my own addition to it, which is, you know, grow your company, What are you telling people to do? [00:16:14] Will Matheson: So we've got, we've got a few things, a list of five things that you should do, and then a list of five things you should not do. So things you should do, make a team, It's much easier to go at it with someone in your foxhole than doing it alone. You know, I'm very lucky. I've had a built in partner since utero, being a twin. So that's, that's been very easy for me. But we had a team right out of gate. But make a team. Get your branding, pick your markets. Don't, don't look across the country. Isolated on certain markets, cuz you want the depth of relationships with brokers, with investors network. And the fifth step in that is just start small. You know, you're not gonna get a 10 million. I mean, if you can get a $10 million equity check on your first deal, more power to you. But if you didn't work at BlackRock, I'd be really impressed if you did . If, if you do call me, we'll talk . I need some tips, right? But, you know, start small, build, you know, start small, build your track, record that way the things. We tell people not to do specifically, don't over-allocate your capital so you can only do one deal. , you're not in the business to do one deal. You're in the business to do a lot of deals, so don't sync everything you have into one asset. Don't commit to too long of a timeframe. . Again, when you're just starting out, you might outgrow your property. If you buy a 2 million property in your first year, hopefully by year three, you don't wanna spend your time on a $2 million property. Get in, get out. Don't be inflexible. We like no prepayment penalties. If you get a yield maintenance deal, you might be stuck in it. You wanna maintain your flexibility. Don't be passive in terms of the asset, you know, especially when you're starting out. You tend to defer to property managers, things like that, but it's your asset. No one cares more than you do, so you gotta be really active overseeing that stuff. And then do not do ground up development. That, that was another big one. It takes a long time. It's very complicated, it's very risky. And you you know, the big thing is when you start, you do not wanna take an l You don't wanna loss on the scoreboard. [00:18:12] Sam WIlson: No, no, you don't. , that's , a really, really good list. And I wish we had the time to break down the unique components or, or each individual component there in your list, but obviously we don't. But I think that's even just from a cursory overview. That's a really cool, Five dues, five don'ts. And I think it's also funny that one of yours is your last one is don't do ground up development and you're in a real estate development course telling them that. [00:18:38] Will Matheson: Well, I mean, look, when you're working for somebody else who's got, you know, all the time and the money and you're on salary and you know they've got a lot of experience Yeah. That, that's ground up development, like go for it. But when you're starting out yourself, right, you need big equity checks. You need long time frames. I mean, you know, another reason to start short is. On small short term deals, you get acquisition fees, you get promotes, you know, you're getting paid twice. Grant up development, you could be three, four years out from getting a real payday. So you wanna avoid that. Yeah, AB and I think, I think your point there was when you're starting out, avoid ground up development so that That, that's really, really cool. Well, this has been great. Thank you for taking the time to come on the show today and really tell us how you guys got started, the things that you guys are doing to find you know, find opportunity, and then also how you are you know, just carving out your own niche in the multifamily space. [00:19:29] Sam WIlson: I think one of the things you mentioned there early on was, was just small efficiencies in a lot of different departments that are really driving returns for you and for your investors. So you, There's a lot of things to think about all the way down to if we're looking for new hires, where to go where to go farming for for new people on the [00:19:45] Will Matheson: team. So certainly OMB Masters in real estate development. . Great place. Great place. You know, they're all good. Even the architects. That's . [00:19:54] Sam WIlson: Awesome. Will, thank you again for coming on this show today. If our listeners wanna get in touch with you and learn more about you, what is the best way to. [00:20:01] Will Matheson: I mean LinkedIn, I'm pretty easy to find, Will Math assume Matheson Capital. But our website mathcap.com. Really clever abbreviation, M a t h c a p . com [00:20:14] Sam WIlson: We'll make sure we put that there in the show notes. Will thank you again for your time today. I do appreciate it. Thank you, Sam.

In this episode Caryn tells us about a "not so all there guy" Will Matheson.Support the show