Passive Cashflow and Scalability in Multifamily with Matt Picheny

Author: Yonah Weiss
Published: Mon 12 Oct 2020
Episode Link: None

Before venturing into real estate, Matt Picheny was pursuing a career in the performing arts industry until he found his real estate passion. Today, Matt is the Managing Partner at MJP Property Group, a real estate investment company. He has invested in over 5,000 apartment units and focuses on acquiring and repositioning multifamily communities.

[00:01 – 06:24] Opening Segment

I introduce and welcome guest, Matt Picheny
Matt talks about his real estate portfolio
Matt’s real estate meetup (now a virtual meetup)

[06:25 – 20:21] Matt’s Journey to Real Estate

Matt talks about his background and how his real estate journey began
- Before real estate, Matt was in the performing arts industry
- Spent time in Digital Marketing
- Building his first rental property (the first of many real estate deals)

[20:22 – 22:37] Multifamily Real Estate

Matt shares the reason why he focuses on multifamily properties
- Passive Cash Flow
- Scalability

[22:38 – 33:05] THE FINAL FOUR

What’s the worst job that you ever had?
- I was 15. I worked at a carwash.
What’s a book you’ve read that has given you a paradigm shift?
- Rich Dad Poor Dad
What is a skill or talent that you’d like to learn?
- I would love to learn improv.
What does success mean to you?
- Leading the life that I want to lead.
Connect with Matt online. See the links below.
Final words from me

Tweetable Quotes:

“I had always known that real estate was an interesting thing to do.” – Matt Picheny

“Success to me is leading the life that I want to lead – being able to do and having that freedom to choose the pursuits that are meaningful to me.” – Matt Picheny

Resources Mentioned: